Wells Fargo and Fifth Third have announced that they're giving special year-end bonuses and/or implementing pay rises for hourly wage workers after Trump's tax reforms are passed into law.Fifth Third will give several employees a $1,000 year-end bonus, and...
For a while now Walmart has been playing the retail game by Amazon's rules, pre-empting the e-commerce giant's moves at every turn. The new development is two tests that Walmart is reportedly running for select customers.Cashier-less shopping is being...
Didi Chuxing, market leader in China's ride-hailing segment, has announced that it has raised $4 billion in an investment round for its deeper and wider push into overseas markets, and to help it implement more artificial intelligence technologies into...
The GOP's controversial tax plan may have already seen its first tangible positive effect on the public, with AT&T and Comcast announcing that the bill's passage will allow them to reward their employees with $1,000 bonuses.Nearly 200,000 employees at...
In a memo to employees, Disney CEO Bob Iger boasted that the deal to buy a majority of 21st Century Fox assets from the Murdoch family would be an "historic" one.In the memo, Iger underlined the deal's ability to...
Amazon has officially made a decision to once again start selling Apple TV and Chromecast devices on its site after a two-year period of muscle and tussle. The information was first given to CNET and later confirmed to The...
Apple has invested $390 million in Finisar, the company that makes components for the vertical-cavity surface-emitting lasers (VCSEL) used in iPhone X's TrueDepth camera.The investment is funded by Apple's $1 billion Advanced Manufacturing Fund and will be used by Finisar to build...
Jack Ma, one of the richest men in China, told off US companies by telling them to stop complaining about Chinese government policies that stifle growth of foreign companies in the country.While addressing the recent World Internet Conference in...
John Flannery, who took over the helm at General Electric (GE) from Jeffrey Immelt in August this year, wants to make GE more efficient. In line with that objective, the company intends to cut 12,000 jobs in its power...
https://youtu.be/BvVwRAFt_24Wal-Mart, the number one retailer in the world, has decided to drop “Stores” from its name and drop the hyphen as well.The retail giant announced Wednesday that it will shorten its legal name to Walmart Inc. from Wal-Mart Stores...
   https://youtu.be/aD7bMs22kdUApple was roundly criticized for having its CEO Tim Cook attend the State-run World Internet Conference in China.The event was organised by the Cyberspace Administration of China, well known for its censorship activities in the country. The agency was...
https://www.youtube.com/watch?v=odkpNyemxYAAfter seeing overwhelming shipment volumes far above expectations on Cyber Monday, transportation and logistics major United Parcel Service (UPS) said this Tuesday that the "bubble" at certain package centers has worked its way through the system for the most...
India-based IT major Infosys announced last week that Salil Parekh will be taking over as the company's CEO & MD on January 2, 2018.Mr. Parekh has been serving as Executive Director on Capgemini's Group Executive Board, and has been...
As Disney approaches what could be a landmark deal to acquire key assets of 21st Century Fox, the latter has announced that its veteran Chairman and CEO Uday Shankar of Star India has been promoted as President of Fox...
As early as next week, Disney may announce the acquisition of key assets of the Rupert Murdoch-controlled Twenty-First Century Fox.Comcast is also thought to be in talks with Fox, but has not progressed as far as Disney, say sources.Disney...