Tech analyst notes key factors that could prevent Apple from becoming worth $1 trillion
The Cupertino-based company Apple's value is skyrocketing at the moment. With a valuation worth about three-quarters of a trillion dollars, the company is the best performer among tech companies. But a tech analyst notes three key factors that could prevent Apple from becoming worth $1 trillion.
Mar 27, 2017 12:26 PM EDT
More big brands pull ads from YouTube
The brands told reporters on Thursday that they were pulling either some or all of their ads from Google-partnered websites. This comes after they were being alerted that their ads were still appearing next to extremist videos even after when YouTube has apologized for the matter.
Uber suspends self-driving cars operations after Arizona crash
Uber Technologies Inc. is suspending its self-driving cars after one of its autonomous vehicles was involved in an accident in Tempe, Arizona. This is the latest incident from the company that is facing one controversy after the other.
Investors pull out from US stock funds
Wall Street has been put on defensive mode ever since Donald Trump became the president of the United States. This led to investors pulling out $8.9 billion from US stock funds that ended on March 22 according to a research conducted by EPFR Global.
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Samsung Electronics chief apologizes for scandal, rejects calls for company reform
Samsung Electronics chief says sorry for its involvement in the scandal that led to South Korea's president being impeached. It also announced it would not be changing its corporate structure to use a holding company.
Mar 27, 2017 12:43 AM EDT
Tiffany posts strong sales growth in China, appoints new directors
The jewelry retailer's results were consistent with its previously issued guidance for the 2016 fiscal year. Tiffany & Co. names Roger Farah, James Lillie and Francesco Trapani as directors effective last Mar. 6.
Mar 26, 2017 11:16 PM EDT
Toyota plans £240 million investment in Burnaston plant
Japanese automaker Toyota plans to invest £240 million in upgrading its car plant that makes the Auris and Aventis models.
Mar 26, 2017 10:50 PM EDT
Expedia gives board of directors seat to Chelsea Clinton
Travel site Expedia just named Hillary Clinton's daughter, Chelsea Clinton, as a member of its board on Thursday. Clinton will be paid in accordance with the company's standard compensation policies for board members.
Mar 26, 2017 10:45 PM EDT
Tech experts criticize electronic ban from cabins of some Middle Eastern, African flights to US
An airline official says that the electronic ban would affect some airlines flying into the US and would cover devices larger than a cell phone. This is due to a security concern regarding passengers boarding nonstop flights to the US from certain countries.
Mar 24, 2017 9:57 AM EDT
Gulf airlines worry about effects of electronics ban; UK follows new security measure
According to the new electronics ban, larger than smartphones such as iPads, Kindles and laptops will have to be checked in so that passengers could clear security and board their flight. The rules will be enforced come March 25.
Mar 24, 2017 9:39 AM EDT
Disney to give back wages to employees charged for their costumes
The US Department of Labor and two subsidiaries of The Walt Disney Co. have reached an agreement to give back $3.8 million in back wages according to a press release statement issued last Friday.
Mar 24, 2017 9:35 AM EDT
Sears admits plan to avoid bankruptcy by selling brands may prove difficult
Sears Holdings Corp. admits overnight its ongoing survival is unlikely and its plan to avoid bankruptcy by selling off or licensing brands may prove difficult.
Mar 23, 2017 8:47 PM EDT
Japanese minister agrees to contribute information on developments with Toshiba
The Westinghouse sale represents the latest in a series of steps Toshiba plans on undertaking to deal with the losses coming from the nuclear unit's ill-fated purchase of a US nuclear power plant construction company in 2015.
Mar 20, 2017 8:55 AM EDT
Renault denies reports it cheated on emissions tests for decades
Renault shares plummet more than five percent on Thursday even after the company refused to acknowledge reports that it cheated on emissions tests for decades.
Mar 20, 2017 8:52 AM EDT
Cathay Pacific posts $74 million annual loss due to overcapacity, intense competition
Shares of Hong Kong's flag carrier dipped almost seven percent following the profit loss of HK$575 million for 2016, which was down from an HK$6 billion profit from the previous year.
Mar 16, 2017 8:11 AM EDT
Audi, VW sites raided by German prosecutors in emissions-scandal probe
Buyers of some 80,000 V6 3.0-litre Audi and VW diesel cars that were sold in the US from 2009 to 2015 were unaware of the emissions scandal
Mar 16, 2017 8:10 AM EDT
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