Michael Smith
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Apple's New Command Center In Arizona Promises $2 Billion Investment Over Next 30 Years
Apple has announced that it will construct a global operations command center based in Mesa, Ariz. that promises a $2 billion investment over the course of 30 years, USA Today reports.
Gap Removes Creative Director Role In E-Commerce And Marketing Restructuring
Gap Inc. has removed its chief marketing officer positions for the Gap and Banana Republic brands, Bidness ETC reports.
AOL Plans To Fire 150 Workers And Combine Two Websites
AOL Inc. is planning to fire about 150 workers and combine two of its websites into the tech homepage Engadget, a source close to the company disclosed to Bloomberg News.
Time Warner Cable Loses 38,000 Residential Video Customers In Fourth Quarter
Time Warner Cable lost 38,000 residential video customers in the fourth quarter of financial year 2014, Reuters reports, reporting low revenue rates in an increasingly competitive media market.
Shell Announces Plans To Make ‘Enormous’ Spending Cuts
Royal Dutch Shell has announced that it plans on slashing spending by scaling back its planned capital investment by $15 billion over the next three years, CNN reports.
Facebook Executives Announce E-Commerce Market And Mobile Strategies Prospects
Facebook executives recently revealed plans to boost the company's e-commerce market and mobile strategies partnerships, with an emphasis on increasing value for businesses on both regional and global levels.
McDonald’s President And CEO Don Thompson Steps Down Amid Financial Woes
McDonald's announced on Wednesday that Don Thompson will step down as president and chief executive officer of the company and will be replaced by Steve Easterbrook, the franchise's current chief brand officer.
IBM Dispels Rumors Of Mass Layoffs Affecting 26 Percent Of Workforce
IBM dispelled rumors on Monday mentioning that the technology company is preparing for a mass layoff affecting 26 percent of its workforce.
Uber Announces Increased Fares And Wait Times In New York City Throughout Snowstorm
Uber has announced that commuters should expect increased fares and wait times in New York City as the ongoing winter snowstorm persists along the East Coast of the United States.
Online Storage Company Box Inc. Begins Trading On New York Stock Exchange
The online file sharing star-up company Box begins trading on the New York Stock Exchange on Friday, with shares priced at $14.
Sharp Corporation Shares Drop After Report Predicts Unfavorable Earnings
The Japan-based Sharp Corporation experienced a drop in shares on Monday following the publication of a report mentioning that the company will receive unfavorable earnings in the fiscal year ending in March, the Financial Times reports.
Uber Promises 50,000 New Jobs In Upcoming Partnerships With European Cities
Uber Chief Executive Officer Travis Kalanick recently announced at a conference in Munich that the company could create 50,000 jobs in a new partnership with European Cities, Pulse reports.
Ten Media Corporations Form Coalition To Test Drones For News Gathering
Ten United States-based media organizations announced on Thursday that they will form a coalition aimed at testing drones for news gathering in a partnership with Virginia Tech University.
Target Closes 133 Store Locations In Canada After Losing Over $2 Billion In Expansion Plans
Target announced on Thursday that it will close its 133 store locations in Canada due to an unfavorable market environment exacerbated by misguided pricing strategies and unreliable distribution networks.
Chipotle Mexican Grill Shares Fall Following Announcement To Stop Serving Pork
Chipotle Mexican Grill announced earlier this week that it would stop purchases from a pork producer accused of violating animal welfare regulations and has since suspended the sale of pork-based products.
Bank Of America And Citigroup Likely To Face Breakup Probe After Earnings Report
Bank of America and Citigroup are likely to face questions about whether they would be better off if they were to both split into smaller pieces.
RadioShack Receives $500 Million Debtor-In-Possession Loan Offer
Salus Capital Partners is willing to provide financially-troubled Radio Shack with $500 million in a debtor-in-possession loan, the Wall Street Journal reports.
United Airlines Outsourcing Plans Place 2,000 Jobs At Risk
United Airlines has announced that is in the process of assessing whether to outsource approximately 2,000 jobs at airports around the United States.
Uber Announces Fare Cuts In 48 U.S. Cities, Promises Drivers Higher Earnings
Uber has announced that it will be reduce ride fares across 48 cities in the United States, the New York Times reports, promising to boost pay for drivers with the initiative.
Online File Sharing Start-Up Box Announces Share Pricing For Initial Public Offering
The online file sharing star-up company Box has announced its share pricing for its upcoming initial public offering (IPO): a proposed range of $11 to $13 per share is expected, according to Tech Crunch.
Mercedes Will Move Headquarters From New Jersey To Georgia Due To High Taxes
Mercedes has announced that it will move its headquarters from New Jersey to Georgia, citing high business and personal income taxes as a major contributor to its financial woes.
Samsung Releases Fourth-Quarter Earnings, Revealing Strong Memory Chip Sales
Samsung has released figures for its 2014 fourth-quarter performance, revealing a strong demand for high-margin memory chips and overall earnings that exceeded the expectations of financial analysts.
Royal Dutch Shell Will Pay $83 Million To Compensate For Nigeria Oil Spills
Royal Dutch Shell is expected to pay just over $83 million in compensation fees for two oil spills that occurred in Nigeria in 2008, benefitting the environmental disaster-stricken communities of the African country.
Luxury Fashion Company Coach To Purchase Footwear Brand Stuart Weitzman
Coach, the New York-based luxury fashion company that experienced declining sales in fiscal year 2014, announced on Tuesday that it plans to purchase footwear brand Stuart Weitzman.
Chase To Pay $100 Million To Settle Anti-Trust Lawsuit Case
JPMorgan Chase is expected to pay close to $100 million to settling an ongoing US anti-trust lawsuit case related to alleged fraudulent activity in the foreign exchange market.
Verizon Will Likely Takeover Or Form A Venture With AOL In Bid For Advertising Technology
Verizon allegedly approached AOL about either acquiring it or forming a joint venture in an effort to enhance its digital advertising technology, Bloomberg Businessweek reports.
Snapchat Poised To Expand User Membership To 200 Million
Snapchat, the photo messaging application released in 2011, is poised to reach a user membership of 200 million, an investigation conducted by Business Insider reveals.
Massachusetts Legally Recognizes Uber And Other Ridesharing Companies
Massachusetts lawmakers filed a formal list of regulations on Saturday that grant ridesharing companies among the ranks of Uber and Lyft official recognition as legitimate modes of transportation within the state.
Courier Company CityLink Announces 2,356 Layoffs Amidst Failed Sale Bid
City Link, a Coventry, United Kingdom-based courier company, has announced that it will lay off 2,356 employees currently working for the organization.
Cheap-Flight Site ‘SkipLagged’ Remains In Operation Despite Law Suit
Aktarer Zaman, the 22-year-old founder of SkipLagged.com, is still running his cheap-flight internet business, despite receiving a lawsuit last month from United Airlines and Orbitz.
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