Biz/Tech
PBF Energy to Acquire Torrance Refinery for $537.5 Million, Increases its Total Througput Capacity
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.
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Exelon, Pepco Asked Regulators to Reconsider Merger, Working with District of Columbia Government to Reach Settlement
Exelon Corporation and Pepco Holdings, Inc. have filed a request for the Public Service Commission (PSC) of the District of Columbia to reconsider their merger, according to a press release issued by Exelon. Both companies are working with the District of Columbia government to reach a settlement agreement.
Amazon to Expand Office Space in Detroit, Build Technology Hub, Hire New Employees
Amazon.com, Inc. is planning to expand its office space and build a technology hub in Detroit, according to a report from The Detroit News. The online retail giant will also be hiring full-time, high-tech employees to fill the position that will be opened by the new office.
NBCUniversal Buys 51% Stake in Universal Studios Japan for $1.5 Billion, Part of Strategy to Expand Theme Park Business
Comcast NBCUniversal has announced in a press release that they are purchasing a 51 percent ownership in Universal Studios Japan in a recapitalization transaction valued at ¥183 billion or $1.5 billion.
Facebook Introduces New Updates to Help Advertisers, Showcases Strength in Mobile
Facebook, Inc. has announced in a news release that it is offering new updates for businesses who want to advertise on the social network.
Boeing, U.S. Air Force Complete First Test of KC-46A Tanker, To Pave Way for Aerial Refueling, Milestone C Testing
The Boeing Co. and the U.S. Air Force (USAF) have successfully completed the first flight of the KC-46A Tanker aircraft, according to a press release issued by Boeing.
Possible Card Breach at Hilton Hotels, Company Investigating The Claims
A possible card breach may have occurred at several gift shops and restaurants at a large number of hotels and franchises owned by Hilton Worldwide Holdings, multiple sources in the banking industry have told Brian Krebs, a cyber-security blogger.
Blackberry Confirms New Android-Powered Smartphone, Also Anticipates Modest Growth in Revenue for Remaining Fiscal 2016
Blackberry Limited, a global leader in mobile communications, has confirmed in a press release that the company will be launching an Android device called Priv.
AB InBev to Acquire Golden Road Brewing, Enhances Craft Portfolio
Anheuser-Busch InBev (AB InBev) has announced in a press release that it will be acquiring Golden Road Brewing, a Los Angeles-based craft brewer.
Uber Launches Carpooling Service uberCOMMUTE in China, First Time to Launch Outside the U.S.
Uber has announced in a news release that it has launched its carpooling service uberCOMMUTE in Chengdu, China.
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