Intel invested $60M to develop drones with Yuneec International
Intel, the semiconductor company invested $60M to China-based drone manufacturer, Yuneec International. The partnership aims to revolutionize the industry by using UAV to provide services.
Aug 28, 2015 7:59 AM EDT
1 billion people on a single day: Facebook sets new record
Facebook has set a new record in online users as it registered one billion people accdesing its website on a single day.
McDonald's rejects Burger King's McWhopper peace deal
McDonald's had declined the proposal of Burger King to team up for a cause. Burger King is hoping to unite the country's two favorites and best-loved burgers producing a hybrid peace-loving McWhopper even for just a day.
Accenture enhances parental benefits for US and Canadian parents
Accenture announces enhancements in their parental leave benefits. The enhanced parental benefits include giving both men and women the chance to work locally after the birth or adoption of their child.
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Sephora’s peace offering to disappointed customers: $50 gift code
Sephora hosted an event that left customers frustrated, resulting to mass returns of items. Previously, Sephora organized an Epic Rewards Day where their clients can exchange their rewards points for some really good stuff such as a trip to Lancome Paris.
Aug 28, 2015 5:03 AM EDT
Coursera raises $50M for expansion in China and India
Coursera raises funds for global expansion. Coursera, the world's leading online education provider, announced that it raised almost $50 million in funding for their expansion plans to China, the Americas and India.
Aug 28, 2015 5:01 AM EDT
Goldman Sachs is hiring in Poland
Goldman Sachs is hiring more people for its technology unit in Poland as the Eastern European country offers affordable business environemnt. The US bank will recruit several hundres of people over next three years.
Aug 28, 2015 4:33 AM EDT
Oshkosh wins $6.75B defense contract to build Humvee replacement
Oshkosh wins bid to manufacture JLTVs for $6.75B. The US Department of Defense has been looking for a replacement of the Humvee a short time after the war in Iraq became deadly in 2004.
Aug 28, 2015 4:30 AM EDT
Floyd Mayweather’s latest car costs only $4.8M
Floyd Mayweather, one of the flashiest athletes in the world, shows off his latest addition to his car collection.
Aug 28, 2015 4:26 AM EDT
Punch Taverns sells 158 pubs to NewRiver; Deal Closed at £53.5M
NewRiver acquires 158 non-core pubs of Pub Taverns for £53.5 million. Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.
Aug 28, 2015 4:25 AM EDT
Toms Shoes CEO takes 12-week paternity leave; applauded by employees
Blake Mycoskie of Toms Shoes set an example to employees by taking a 12-week parental leave. Toms Shoes provides their employees with parental leave of at least 8 weeks where they get full payment.
Aug 28, 2015 4:23 AM EDT
Class suit filed versus automakers for 'deadly' keyless ignitions
Ten major car brands are sued in a class act for allegedly concealing the dangers behind keyless ignition, which leads to carbon monoxide poisoning.
Aug 28, 2015 4:18 AM EDT
America Makes' $8M funding for commercialization of new technologies
America Makes (National Additive Manufacturing Innovation Institute, is supporting R&D projects in developing new technology applications in additive manufacturing. The institute has announced $8-million funding with a matching cost of $11mn to nine projects taken up by universities and corporate companies.
Aug 28, 2015 2:10 AM EDT
Rise in durable goods orders to push US Q3 GDP to 2.8%
The growth in durable goods orders in July has made many financial firms to revise growth forecasts on US GDP upwards for the third quarter.
Aug 27, 2015 5:35 AM EDT
Gasoline prices in the Midwest to Drop after BP Restarts Refinery, Gas Prices May Continue to Drop until Labor Day
BP restarted its refinery outside of Chicago, promising the gasoline prices to go back down, after it spiked when its distillation unit broke down on August 8.
Aug 27, 2015 5:27 AM EDT
Starkist class action settlement gives consumers refund in cash or tuna
Starkist Tuna settled a lawsuit accusing them of under-filling their five-ounce tuna cans by a few tenths of an ounce. Now they must pay consumers with cash or tuna.
Aug 27, 2015 2:29 AM EDT
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