Informatica closes deal to go private; Microsoft and Salesforce are strategic investors
A few months after announcing its plans to go private, Informatica closes the deal at $5.3 billion. Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.
Aug 09, 2015 11:17 PM EDT
McDonald's pulls off another trick: Table service in U.S. and U.K. outlets
McDonald's is trying out a table service this time. The trial is ongoing on 50 locations in the U.S. and one of its restaurants in England.
Media stocks tumble as more customers ditch cable
US stocks, led by shares of media companies, tumbled on Thursday, as earnings reports indicate more and more cable subscribers are shifting into video streaming for viewing. As people move away from traditional TV, Netflix shares soar.
'Blackfish' caused SeaWorld profit to dive by 84%
Blackfish documentary made a large impact on SeaWorld's second quarter performance leaving it with a plunge of 84%. Although there are other factors that caused the decline, the documentary is the main reason giving people the wrong impression about the captive whale. Despite all the challenges, CEO Joel Manby is still positive the company will overcome it and get back to business as usual.
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New Yorkers give thumbs up to $15 per hour wage increase
Wage increase means commodity price increase. New Yorkers agreed and willing to pay more to help fast food workers elevate their standard of living. Other U.S cities will follow the phase in the next couple of years.
Aug 07, 2015 11:47 AM EDT
Good Eggs online farmers' market shuts down its operation in Brooklyn, New Orleans and Los Angeles
Good Eggs is closing down its operation in New Orleans, Los Angeles and Brooklyn. The CEO admitted they didn't understand that their target of multiplying outlets needs a different approach in business.
Aug 07, 2015 11:45 AM EDT
Blue Bell gets green light to resume production after
The US food authorities have given approval to Blue Bell to resume its ice cream production, which was forced to stop following the reports of illness and deaths caused by listeria bacteria contamination.
Aug 07, 2015 1:55 AM EDT
Zynga increases profits but loses users; Plans to launch new game
Zynga enjoys a dramatic increase in bookings and profits yet active users are declining. The company announces its partnership with Warner Bros. in a new slot game to be launched in 2016.
Aug 07, 2015 1:25 AM EDT
Intel ups bonus for referring women and minorities in a bid for workforce diversity
Tech giant Intel reveals that one of their ways to move forward to their diversity goal is to double their referral bonus to employees who refer women and minorities into their workforce.
Aug 07, 2015 1:15 AM EDT
Tesla's stock down 6% as it lowers car delivery forecast
Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.
Aug 07, 2015 1:08 AM EDT
From radio to TV, Spotify's content chief Ken Parks joins Pluto TV
Ken Parks, chief of Spotify's content, will be joining streaming startup Pluto TV as its Chairman. Parks will still work with Spotify in an advisory capacity to CEO Daniel Ek after the transition.
Aug 06, 2015 11:32 PM EDT
BEA: Residential and commerical real estate investments are in the uptrend, albeit very low
The business revival in the US economy is bringing more investments back into residential and commercial real estate.
Aug 06, 2015 11:16 PM EDT
Activision Blizzard surprises Wall Street with better-than-expected profits, earnings
Game publisher Activision Blizzard has posted positive earnings reports for the second quarter of 2015, exceeding analysts' expectations.
Aug 06, 2015 10:29 PM EDT
Batman saves the day for Warner Bros: Q2 game revenue 135% higher
Despite gamers' complaints on the worst performance of Batman: Arkham Knight, Warner Bros. still managed to bag an increase of 135% on their game revenues in this year's second quarter. Mortal Kombat X and Batman: Arkham City contributed a lot to the company's games business success.
Aug 06, 2015 8:04 AM EDT
Adidas Group acquires Runtastic fitness apps for $240 million
The sportswear company, Adidas Group, bought Runtastic fitness app for $240 million. It is said that Adidas had just found a perfect partner inspiring people to stay fit and healthy and live a longer life.
Aug 06, 2015 7:29 AM EDT
JPMorgan just made it easier to borrow $3 million for a home loan
Applying for a home loan of up to $3 million seems to be a lot easier with J.P. Morgan. Manageable requirements allow borrowers to get their dream house. With the company's new policy, they will be able to provide high-quality customers with better loan terms.
Aug 06, 2015 2:52 AM EDT
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