Mix Reactions over Amazon Retreat on Long Island City
Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.
Feb 15, 2019 10:33 AM EST
Wall Street heavyweights on Cortez's proposed 70% super-rich tax
One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez's proposed 70% marginal tax rate on all income above $10 million.
Does the presence of colleges and hospitals increase home prices?
Whether the presence of a college or hospital increases a home's value has to do with the institution's size and the ZIP code's population, says a new study by computer scientists at the University of California, Riverside.
The 2008 recession associated with greater decline in mortality in Europe
In recent decades, Europe has experienced a downward trend in the annual number of deaths. Not only was this trend not arrested by the economic recession that started in 2008, in fact, the rate of decline increased during the recession years.
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'Unclonable' tag combats counterfeiters
Discovering that your new designer handbag or gold watch is a fake is costly and annoying, and counterfeit medical devices or drugs could have even more serious consequences. But seemingly as soon as manufacturers develop a new method to ensure product authenticity, counterfeiters find a way to outsmart it. Now, researchers have created an "unclonable" tag that can never be replicated, even by the manufacturer. They report their results in ACS Applied Materials & Interfaces.
Feb 08, 2019 8:01 AM EST
When the insurance company monitors your driving in real time does it help?
The traditional model for setting auto insurance premiums has been to base rates on the motorist's driving history, age, gender and even marital status (in some states). Thanks to new technological options, insurance companies, and motorists have started to work together to give the insurance companies access to better data on an individual driver's risk level, and give the same driver a sense of greater control over how much he or she will pay in insurance premiums.
Feb 08, 2019 7:55 AM EST
Can machine learning deliver critical market insight on consumer needs faster and cheaper?
Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.
Feb 08, 2019 6:51 AM EST
Retailers can manipulate consumer regret to beat competitors
Retailers can manipulate consumer regret to beat competitors Markdown retailers can survive the entry of an everyday low price retailer into a highly competitive market by manipulating price, product availability, and the regret consumers feel when they pay too much or wait till a product is unavailable to buy it, according to a new study.
Nov 22, 2018 9:37 AM EST
LVMH takes control of Christian Dior in mammoth deal
The French luxury group gains full control of the 70-year-old Parisian fashion house Christian Dior in a mammoth deal worth around €12.1 billion.
May 01, 2017 6:39 PM EDT
Burberry posts ‘lackluster’ results
UK luxury fashion retailer Burberry posts lackluster set of results for its second half following an impressive result in the third quarter, a retail analyst stated.
Apr 30, 2017 9:56 PM EDT
North Korea's 'Lazarus' hackers attack global banks, stolen money to fund nuclear programs
What seemed like a perfect hacking operation turned out to be a failure as Kaspersky has spotted a mistake on the part of the Lazarus hackers. It found a brief connection that came from North Korea - proving their identity and origin.
Apr 04, 2017 6:56 PM EDT
Fox News, Ailes slapped with another sexual harassment lawsuit, advertisers pulling out from top-rated show
A lawsuit has been filed by a Democratic political consultant and Fox News contributor on Monday alleging, among others, that Roger Ailes denied her of a permanent hosting job after she turned down his sexual advances.
Apr 04, 2017 6:37 PM EDT
South African president sacks finance minister over alleged disloyalty; calls for midnight reshuffle
South African leader, Jacob Zuma, has sacked finance minister Pravin Gordhan in a move that drove the country's currency down five percent in value. The president calls for a midnight reshuffle in his Treasury members who he felt were disloyal to his political intentions.
Apr 03, 2017 7:02 PM EDT
Uniqlo to leave US if Trump insists the retailer makes all its clothes in America
The US president has long promoted a change on how foreign businesses should run their operations - and that is to revive American manufacturing. Uniqlo head showed he didn't like being given an ultimatum by Trump.
Apr 03, 2017 11:51 AM EDT
Mexico's largest cement company Cemex won't build Trump's border wall
Cemex, one of the world's largest cement producers, has not participated in the first round of bids that is currently underway but said it is open to providing quotes to supply the raw materials for Trump's promised border wall.
Mar 31, 2017 10:03 PM EDT
H&M to launch new brand Arket this year
Arket, which means 'sheet of paper' in Swedish, will cater to a modern-day market with products for men, women, children and the home.
Mar 31, 2017 10:00 PM EDT
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