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Auto insurance industry clueless on driverless cars

Car insurance companies are alarmed at how much they would potentially lose when the driverless cars dominate the market in the coming years.

Aug 04, 2015 5:13 AM EDT


Gravity Payments pulled down due to $70,000 minimum wage announcement

What started out as an idealistic vision to uplift morale and productivity within Gravity Payments soon came back to haunt it once CEO Dan Price realizes that the change requires more than what he was willing to pay for.

Aug 04, 2015 2:08 AM EDT


Stewart Butterfield on leadership: I am a terrible manager

Stewart Butterfield, the Slack CEO, told an interview that he is a 'terrible manager'. In an interview, the CEO of $2. 4B worth Slack app and Flickr co-founder, Stewart Butterfield, admitted he is a 'terrible manager'.

Aug 04, 2015 1:56 AM EDT


Twitter shares drop 15%; Is the microblogging platform ripe for a takeover?

As Twitter shares dip to near its lowest point since its IPO, analysts ask if the company may be due for an acquisition.

Aug 03, 2015 11:26 PM EDT


Stock markets expected to be under 4% annual growth

The slowdown in major economies is impacting the corporate performance and putting pressure on sales growth. Analysts forecast that the annual growth rate of stock markets is under 3.5% when adjusted with inflation.

Aug 03, 2015 10:30 PM EDT


Germany's luxury automakers buy Nokia's maps

Germany's luxury carmakers acquire Nokia's HERE maps for a little more than $3 billion. The acquisition is unprecedented in the auto industry amid growing competition for self-driving car technology.

Aug 03, 2015 10:04 PM EDT


New Yorkers not ok with $4B La Guardia Airport renovation

New Yorkers are asking why La Guardia Airport is scheduled for an upgrade worth 4 billion dollars when the city's public transport system is in bigger need of repair.

Aug 03, 2015 9:50 PM EDT


Iran plans to buy 90 jets per year: old fleet to be renovated

Iran plans to rebuild its aged fleet by purchasing 90 planes per year from Boeing and Airbus, as soon as Western economic sanctions are lifted.

Aug 03, 2015 9:00 AM EDT


Breaking the glass ceiling in China: How Zhou Qunfei of Lens Technology became the only self-made richest woman in China

Lens Technology made a public offering last March with $7.2B. Behind the company is China's richest self-made entrepreneur, Zhou Qunfei.

Aug 03, 2015 1:58 AM EDT


University of Phoenix under FTC scrutiny for possible unfair business practices

After 4 years of GI Bill, the Federal Trade Commission is investigating University of Phoenix for possible deceptive and unfair business practices involving military veteran students.

Aug 03, 2015 1:53 AM EDT


Mexican government hikes dollar auction by almost 4 folds; holds rates

The second largest economy in Latin America is making all the possible efforts to prevent the arrest of its falling peso. It increased dollar auction to support the Mexican peso and waiting for US decision on interest rates.

Aug 03, 2015 1:42 AM EDT


Chime Communications board okays GBP365M cash offer

The sports marketing business major's shares rose over a quarter as Providence Equity Partners, WPP made an offer.

Aug 03, 2015 1:27 AM EDT


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