Amazon opens bookstore in Seattle based on data
Nov 04, 2015 07:52 am UTC| Business
After badly hitting businesses of several bookstores, Amazon has now opened its own brick and mortar bookshop in University Village, The Seattle Times reported. Christened as Amazon Books, the store is stocked with 5,000...
It’s Not Stars, It’s Hearts On Twitter
Nov 04, 2015 06:01 am UTC| Business
Twitter on Tuesday announced that it is changing its star icon for favorites to a heart and will be calling them likes. While this is not something new, as users are well accustomed to using them on Instagram and Facebook,...
Chipotle Shuts Restaurants Following E.Coli Outbreak
Nov 03, 2015 08:04 am UTC| Business
Over the last weekend, the Chipotle chain shut down 43 restaurants in Washington State and Oregon after Oregon Health Authority (OHA) started investigating an outbreak among people who became ill with Shiga toxinE....
China Debuts First Passenger Jet, Aviation Goals
Nov 02, 2015 17:41 pm UTC| Business
On Monday, Commercial Aircraft Corp. of China (COMAC) debuted its single-aisle C919 passenger jet to a crowd of several thousand from its manufacturing and assembly center in Pudong, Shanghai. Bloomberg said the aircraft...
Sprint To Cut USD2.5 Billion In Costs, Layoffs Could Reach Thousands
Nov 02, 2015 17:22 pm UTC| Business
On Sunday, US wireless carrier Sprint unveiled its plans to reduce its fiscal costs for 2016 by as much as USD2.5 billion. According to the company, the fiscal cost cuts, which will include measures like job layoffs and...
Estee Lauder Reports Strong Profit, Increases Quarterly Dividend
Nov 02, 2015 17:04 pm UTC| Business
Today, skincare and makeup company The Estée Lauder Companies Inc posted a better-than-expected quarterly earnings report, beating analysts expectations. According to Reuters, Sales from its makeup division...
Visa Buys Europe Unit Back For USD233 Billion
Nov 02, 2015 16:28 pm UTC| Business
On Monday, worlds biggest payments network Visa announced that it had reached an agreement to purchase Visa Europe Ltd, its former unit, for 21.2 billion euros or USD23.3 billion. The New York Times said the buyback...