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'.
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.
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.
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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
H&H Group acquired John Swan & Sons for £8.2M; shares soar by 15%
John Swan & Sons' shares went up by 15% when H&H Group officially announced they are purchasing the livestock services.
Aug 02, 2015 10:19 PM EDT
Tinder all set for an IPO in late 2015, says parent company IAC; Joey Levin named as IAC's new CEO
Dating app Tinder as well as other brands under the Match Group banner are headed for an IPO, according to parent company InterActiveCorp.
Aug 02, 2015 10:08 PM EDT
Falling world oil prices result in job cuts
Energy giants take a hit as oil prices collapse. A number of companies, including Shell and Centrica in Britain, are cutting thousands of jobs to cope with losses.
Jul 31, 2015 8:21 AM EDT
US tech companies lead the $100B market capitalization list
The US technology and internet companies' market capitalization has soared significantly. Among the top 100 global companies by market capitalization, technology companies lead the pack as they grew since 2009 after the global economy recession.
Jul 31, 2015 2:42 AM EDT
3D sensor maker Occipital gets $13 Million in Series B funding
Occipital, maker of the Structure 3D sensor and software kit for iOS, gets $13 million in funding from a group of investors
Jul 30, 2015 11:35 PM EDT
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