Biz/Tech
Twitter Planning Company-Wide Layoffs, Comes at the Same Time the Company Plans to Restructure Engineering Organization
Blackstone to Acquire BioMed Realty for about $8 Billion, Believes in Long-Term Potential of Sector
Netflix Increases Most Popular Plan by $1, Cover the Cost of Licensing Shows and Funding Original Programs
The price of Netflix Inc.’s most popular streaming subscription plan has been raised by $1 to $9.99 a month, according to a report from Bloomberg. The price increase is for Netflix to cover the costs of licensing shows and funding its original programs, which is growing in numbers.
Latest News
Jet.com Drops 50 Annual Membership Fee Due to High Adoption Rate of Smart Cart
Marc Lore, the CEO and founder of Jet.com, an online marketplace that is trying to rival Amazon and Costco, said in a blog post that they will be dropping the $50 annual membership fee that they are supposed to charge customers once the free-trial ends. The reason for the change was due to the high adoption rate of its Smart Cart, a feature that lowers prices for each items added.
Diageo and Heineken Swap Assets, Brings Increased Focus to their Respective Beer Businesses
Diageo has sold its shares in Desnoes & Geddes Limited and in Guinness Anchor Berhad to Heineken while also acquiring Heineken’s shares in Guinness Ghana Breweries Limited, according to a press release issued by Diageo. The transaction brings increased focus to each company’s respective beer businesses in Jamaica, Malaysia, Singapore and Ghana.
Rolls-Royce Invests Nearly $600 Million in Facilities in Indianapolis, Modernize Manufacturing, Conduct Technology Research
Rolls-Royce Holdings Plc is investing close to $600 million in the company’s facilities in Indianapolis to ensure that Indiana remains a leader in the aerospace industry for decades to come, according to a press release issued by Rolls-Royce. The investment is for the modernization of the manufacturing operations and to conduct technology research.
AmerisourceBergen to Acquire PharMEDium for $2.575 Billion, Expands Company's Service Offerings for Health Systems
AmerisourceBergen Corp. announced in a press release that it will be acquiring PharMEDium Healthcare Holdings, Inc. for $2.575 billion in cash from Clayton, Dubilier & Rice. The acquisition will expand AmerisourceBergen’s service offerings for health systems.
Skyworks to Buy PMC-Sierra for $2 Billion, Expands Product Portfolio, Customer Base, End Market Applications
Skyworks Solutions, Inc., an innovator of high performance analog semiconductors connecting people, places and things has announced in a press release that they will be acquiring PMC-Sierra, Inc. for $10.50 per share, or approximately $2 billion in cash. The acquisition will expand Skyworks’ product portfolio, customer base, and end market application.
Staples to Close Stores on Thanksgiving Day, Will Feature Amazing Deals Online
Staples, Inc. will be closing its stores on Thanksgiving Day while offering amazing deals on Staples.com, allowing customers to still shop at the convenience of their own homes, according to a press release issued by Staples.
Sprint to Cut Jobs, Part of Cost-Cutting Effort to Reduce Expense by $2.5 Billion in the Next Six Months
Sprint Corporation will be reducing jobs as part of its cost-cutting efforts to reduce its expense in the next six months, according to a report from The Wall Street Journal.
Apple Adds James Bell in its Board of Directors, Puts Diversity Program into Action
Apple Inc. will be adding James A. Bell, a former CFO and corporate president of The Boeing Company, to its board of directors, according to a press release issued by Apple. The addition of Bell puts Apple’s diversity program into action.
AMD to Cut about 5% of Total Workforce, Part of Restructuring Plan
Advanced Micro Devices, Inc. (AMD) will cut approximately 5 percent of its total global workforce as part of its restructuring plan, according to a regulatory filing by the company.
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