Jean-Claude Arnobit
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Jaunt Raises $65 Million to make VR a Reality for Audiences Worldwide, Walt Disney among Investors
Jaunt, the leading company in pioneering cinematic virtual reality (VR) today, has announced in a press release that it has raised an additional $65 million from its series C funding.
Washington to Set Carbon Pollution Limits, Targets Largest Greenhouse Gas Emitters
The Washington Department of Ecology is writing a new rule that would reduce the greenhouse gasses being produced by the state’s biggest polluters, according to a press release issued by the Ecology Department.
Starwood Announces Merger with Colony American, Creates Best in Class Single-Family Rental Company
Starwood Waypoint Residential Trust has announced in a press release that it will be merging with Colony American Homes in a stock-for-stock transaction.
Macy's to Hire 85,000 Seasonal Associates, Fewer Compared to Last Year
Macy’s, Inc. is planning to hire approximately 85,000 seasonal associates for the upcoming holiday season at its Macy’s and Bloomingdale’s stores, call centers, distribution centers, online fulfillment centers nationwide, according to a press release issued by Macy’s.
Duke Energy Reaches Settlement with Key Consumer Groups in Indiana, Agree Not to Bill Consumers $85 Million
Duke Energy Corp. has announced in a press release that it has reached a settlement agreement with key Indiana consumer groups regarding its operating cost at its Edwardsport coal gasification power plant.
Volkswagen CEO Sorry for Deception, to Stop Sales of Vehicles Involved in Issue
Martin Winterkorn, the CEO of Volkswagen AG, apologized two days after U.S. authorities found out they deceived consumers with the emission testing result of its diesel vehicles, according to a report from Bloomberg.
Dialog Semi to Acquire Atmel for $4.6 Billion, Diversifies Customer Base
Dialog Semiconductor has announced in a press release that it will be acquiring Atmel Corporation in a cash and stock transaction valued at approximately $4.6 billion.
NRG Energy Aims to Transform Renewable Energy Business As Standalone Unit, Part of Reorganization
NRG Energy, Inc. has said that it would focus more on its traditional power-generation business and moving its solar-power business into a separate unit, according to a report from The Wall Street Journal.
Pinterest Achieves New Milestone, Reaches 100 Million Active Online Users
Pinterest, an online bookmarking site, has just achieved a major milestone on Wednesday, according to a report from CNET.
Gov. Rauner Fires Northstar Lottery Group, Saves Taxpayers $22 Million
Illinois Governor Bruce Rauner has reached a termination agreement with the state’s Lottery private manager Northstar Lottery Group LLC and its parents companies, according to a press release issued by Rauner’s Administration.
Nevada's Unemployment Insurance will Experience Interruption for 1 Week, New Computer System to be Installed
The Nevada Department of Employment, Training and Rehabilitation (DETR) said that the ability of claimants to file for benefits of the unemployment insurance will be interrupted for 1 week, according to a press release issued by the DETR.
GE is Moving Production and Jobs to Europe and Other Countries, Cites Lack of Export Financing in U.S.
General Electric (GE) has said in a press release that it will be moving the production and jobs for its turbines and generators to France, Hungary and China.
Qualcomm Slash more than 1,300 Jobs in San Diego and Hundreds more in Other States, Part of Business Revamp
Qualcomm Inc. is slashing more than 1,300 full-time jobs in San Diego and hundreds more jobs in other states, according to a report from The San Diego Union-Tribune.
Boeing to Build the Fuselage Panels of the 747 at its Macon, Georgia Facility, Company to Invest about $80 Million
The Boeing Company will be building the fuselage panel of its 747 at its facility in Macon, Georgia starting in 2018, according to a press release issued by Boeing.
Mercedes-Benz Invest $1.3 Billion in Alabama Plant, Expands SUV Production
Mercedes-Benz is investing $1.3 billion and adding 300 jobs in its U.S. plant in Tuscaloosa, Alabama, according to a press release issued by Mercedes-Benz.
American Senior Communities Fires CEO James Burkhart, Following FBI Search
The American Senior Communities, a company that operates nursing homes, has just fired James Burkhart, the company’s CEO, according to a report from The Indy Channel.
Lyft Announces Partnership with Didi Kuaidi, Helps Make Cities More Sustainable, Better for People
Lyft, a U.S. transportation network company, will be partnering with Didi Kauidi, China’s largest rideshare company, according to a blog post published in Lyft.
U.S. Justice Department Won't Block Expedia's Acquisition of Orbitz, Won't Lessen Competition and Harm Consumers
The U.S. Justice Department has announced in a press release that it won’t be challenging Expedia Inc.’s $1.3 billion acquisition of Orbitz Worldwide, Inc.
AB InBev Plans to Takeover SABMiller, Creates Super Brewery
Anheuser-Busch InBev (AB InBev), the world’s largest brewery by volume and the maker of Budweiser, is planning to acquire SABMiller Plc, the maker of Pilsner Urquell and Peroni, according to a report from CNN Money.
U.S. Justice Department Announces Deferred Prosecution Agreement with GM, includes $900 Million Forfeiture
The U.S. Justice Department has just announced in a press release the filing of criminal charges against General Motors Co. (GM) for concealing a potentially deadly safety defect from the National Highway Traffic Safety Administration (NHTSA).
Altice to Buy Cablevision, Becomes 4th Largest Cable Operator in U.S.
Altice N.V. will be acquiring Cablevision Systems Corporation for $34.90 in cash for each share of Cablevision stock, according to a press release issued by Altice.
Disney Hires Cindy Davis of Walmart, John Frelinghuysen of AOL to Executive Posts, Improves Its TV Division
Walt Disney Co. has announced that it will be hiring Cindy Davis and John Frelinghuysen to executive posts as it pushes its TV division, according to a report from The New York Times.
Dentsply to Combine with Sirona in "Merger of Equals," Create the World's Largest Dental Equipment Maker
DENTSPLY International Inc. has announced in a press release that it will be combining with Sirona Dental Systems, Inc. in an all-stock "merger of equals."
Motorola Solutions Moving Global Headquarters to Chicago, Returns to Where it Began
Motorola Solutions has announced that the company will be relocating its global headquarters from Schaumburg, Illinois to Chicago, according to a press release issued by Motorola Solutions.
Toys R Us to Hire 40,000 Seasonal Employees Nationwide for Holiday Season, Will Also Offer Opportunity for More Hours
Toys R Us has announced in a press release that it plans to hire 40,000 seasonal employees as it prepares for another busy holiday shopping season.
UAW, Fiat Chrysler Reach Tentative Agreement on Labor Pact, Covers 40,000 Workers
The United Auto Workers (UAW) and the Fiat Chrysler Automobiles have announced that they have reached a tentative agreement on a labor pact, according to a report from ABC News.
Taco Bell Redefines Fast Food Experience with New Urban Restaurant Concept, Expands into Urban Markets
Taco Bell Corp. is aiming to redefine the fast food experience with its new urban restaurant concept, as it drops the drive-thru, opens its kitchen and use technology, according to a press release issued by Taco Bell.
GE Creates GE Digital that Brings Together All of Company's Digital Capabilities, Takes on IBM in Race for IOT Dominance
General Electric Co. (GE) has announced creation of GE Digital, a move that will bring together the company’s digital capabilities, according to a press release issued by GE.
Ford, Alcoa Collaborate on New Aluminum for Vehicles, More Formable and Design Friendly
Ford Motor Company and Alcoa Inc. have partnered to produce the next-generation aluminum alloys for vehicles, according to a press release issued by Ford.
Deutsche Bank Plans to Cut 23,000 Jobs, Mainly in Technology from Spin Off of PostBank Division
Sources have told Reuters that Deutsche Bank AG plans to cut roughly 23,000 jobs or about one-quarter of the total staff.
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