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No New CEO for Twitter until Labor Day; Co-Founder Among Top Candidates

Twitter’s board had a meeting Thursday to hopefully decide on a new CEO, but they didn’t name one yet. Reports claim that they will choose a new CEO after the Labor. Co-founder Jack Dorsey is the leading candidate for the position.

Sep 05, 2015 6:25 AM EDT

News

Sanofi's Genzyme pays $32.59M penalty for misbranding, unlawful usage of Seprafilm surgical implants

Genzyme Corporation agrees to settle on deferred prosecution agreement with the government to pay a penalty of $32.59M regarding the illegal use of Seprafilm with laparoscopic surgery.

News

$40 Oil Price and its Impact on U.S Economy

Sharp drop in oil price might be good for the U.S instead of bringing more bad effect. Commodities such as oil is slowly declining following the Black Monday selling pressure on 24th August raising concern among investors regarding current world economics.

News

Ex-Sony Pictures employees filed a class action lawsuit settlement over "The Interview" hacking

Former employees of Sony Pictures Entertainment proposed a class action lawsuit over the film company regarding the cyber attack incident divulging 50,000 personal records of Sony employees in 2014.

Strong fundamentals push Ashtead stock to lead Footsie-100

Ashtead was highest gainer among Footsie stocks on London Stock Exchange (LSE) as encouraging first quarter results buoyed the investors. The company has also assured the investors for strong revenue growth in the near future as well.

Sep 04, 2015 8:47 AM EDT

Google Gets a New Logo

Google just made the biggest redesign on their logo since 1999 a month after the company restructuring. Google new logo feature a softer color tone and is made of sans-serif typeface.

Sep 03, 2015 11:33 PM EDT

Reebok rebrands as a fitness center in the U.S. and Europe

Reebok, the shoe brand is turning into fitness centers. Its "Be More Human" campaign challenges people to test their physical strength in group sessions. Earlier on, it had launched in the U.S. This week, the campaign will roll out in Germany.

Sep 03, 2015 11:26 PM EDT

Seven tech companies formed an alliance to develop a new standard for open source video format

Netflix, Mozilla, Cisco, Intel, Amazon, Google and Microsoft made an alliance to come up with a new standard for open source, royalty free video format. Reports say this will end video plugins in the Web.

Sep 03, 2015 11:20 PM EDT

50% drop in Viacom stock wipes out $16B

Viacom's stock price dropped by over 50% during the past one year. The ratings drop, fall in advertising revenues, forthcoming talks with Dish Network are the major factors that impacted the share price in negative way.

Sep 03, 2015 11:15 PM EDT

Louis Vuitton hires former Apple executive as digital director

LVMH hires former Apple executive Ian Rogers as digital director. The company is planning to expand their online presence. Ian Rogers is founder of Apple's online radio and has been working with Apple for few years.

Sep 03, 2015 10:38 PM EDT

Tanium’s value doubles at $3.5B in just 5 months

Tanium just obtained a $120 million investment funds led by Institutional Venture Partners and private equity firm TPG.

Sep 03, 2015 9:33 AM EDT

Starting salaries for US workers to surge in 2016 - studies

Robert Half and Towers Watson agree that 2016 could be a good year for employees who are hoping to get a salary increase. But both studies reveal different salary increase rates.

Sep 03, 2015 9:28 AM EDT

Under capacity in UK industry leads to 19% rise in zero-hour contracts

The latest data from ONS indicates that 20 percent rise in number of workers on zero-hour contracts in the UK industry. Even after financial crissi in 2008, many industrial units are operating under capacities leaving the working conditions unfavorable for workers.

Sep 03, 2015 9:26 AM EDT