A YEAR ago Dennis Muilenburg, the chief executive of Boeing, the American aerospace giant, had a big problem. Tweets written by Donald Trump, America’s newly elected president, were hitting Boeing’s share price. Their value was initially lifted by the new president’s promise of extra spending on defence. But in December last year Boeing’s shares fell […]
Read moreApple is explaining publicly why some people might notice their iPhones slowing down. The company confirmed to TechCrunch, in a story published on Wednesday, that it has algorithms in place to help keep an iPhone running at optimal performance — preventing it from shutting down entirely — if there is an older battery inside that […]
Read moreAT&T was quick to respond to news of U.S. tax reform, announcing it would give some employees bonuses once the law is official. The telecom giant said in a press release on Wednesday that it would give more than 200,000 U.S. union members a special bonus of $1,000. The company also increased its capital expenditures […]
Read moreAll signs point to the strongest holiday shopping season in years. There have been long lines at stores, record sales online, and the usual December lull — when shoppers typically disappear after Black Friday only to return in the final days before Christmas — hasn’t been as quiet. Retail consulting firm Customer Growth Partners raised […]
Read moreFacebook and Google’s dominance in online advertising continues to swell. New data suggests that the two tech giants accounted for 73% of all U.S. digital advertising, according to Pivotal’s Brian Wieser in a note to clients, up from 63% in the second quarter of 2015. That’s a significant leap and highlights why many see digital […]
Read moreAmazon has launched dozens of private label brands across apparel, electronics, and baby wipes in recent years. That effort is starting to show signs of growth. According to a new report by OneClickRetail, Amazon’s private label brands have generated roughly $450 million in sales in 2017. The majority of sales came from AmazonBasics, which sells […]
Read moreWhen Walmart paid $3 billion for Jet.com and its founder Marc Lore, the promise was that the entrepreneur would help the retailer appeal to new types of customers. Here’s the next step in that evolution. A new Walmart subsidiary, called Code Eight, has recently started testing a personal shopping service for “busy NYC moms,” according […]
Read moreWhen John Skipper made his unexpected announcement on Monday morning that he would be resigning from his post as President of ESPN, the speculation about who would succeed him began almost immediately. And why not? For 2.5 years now, the biggest overhang on Disney’s stock has been the narrative of “ESPN is dead” as it […]
Read moreThe current frenzy surrounding bitcoin feels familiar to billionaire entrepreneur Steve Case. Case lived the dot-com boom: He launched AOL in 1985, took it public in 1992 and merged the company with Time Warner in 2000 (the deal closed in 2001). Case delivered a 11,616% return to shareholders, according to his bio on the website […]
Read moreAfter a long search, Uber has finally named a chief operating officer. Barney Harford, former CEO of Orbitz, will join the company Jan. 2, Uber said on Wednesday. Harford has deep ties with Uber’s new CEO, Dara Khosrowshahi, who was previously the chief executive of Expedia. Harford has been an advisor to Uber since October, […]
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