Darden Restaurants isn’t afraid of tech giant Amazon. The restaurant company — whose brands include Olive Garden and LongHorn Steakhouse — doesn’t think Amazon’s planned acquisition of Whole Foods Market will put too much pressure on the restaurant industry. “We constantly sit around here thinking about how does Amazon have an impact on our business,” […]
Read more
ONE of the more unsavoury airline practices has now been outlawed. In 2015 flight attendants on El Al, Israel’s national carrier, asked Renee Rabinowitz, an 81-year-old holocaust survivor, to move seats after she boarded her flight in New Jersey. An ultra-orthodox Jewish male passenger had objected to having to sit next to her. Haredim, it […]
Read moreGoogle was hit with a massive $2.7 billion antitrust fine by the European Union on Tuesday, and it sounds like the company expects to pay it. In an 8-K filed with the United States Securities and Exchange Commission, Google said it will “review the formal decision, but expects that it will accrue the fine in […]
Read moreFacebook on Tuesday announced new ways it’s enhancing M, the virtual assistant inside the company’s Messenger messaging app. Now M will give you a few ways to wish happy birthday to your friends. It will also appear at the bottom of the chat window to help you do certain things within Messenger based on what’s […]
Read moreAlibaba shares, already among the market’s best performers, will surge as new marketing data services boost the e-commerce giant’s financial results, according to JPMorgan. Analyst Alex Yao resumed coverage on Alibaba with an overweight rating and a 12-month price target of $190, representing 33 percent upside from Monday’s close. “We believe Alibaba’s core commerce is […]
Read moreU.S. home prices rose slightly less than anticipated in April, according to the S&P/Case-Shiller U.S. National Home Price Index. The national home price index increased 5.5 percent in April, versus 5.8 percent in March. Analysts were expecting an increase of 5.9 percent for the month, according to Thomson Reuters consensus estimates. The widely tracked 20-city […]
Read moreSprint may have a new chance at success, and it doesn’t involve a T-Mobile merger, Wells Fargo senior analyst Jennifer Fritzsche told CNBC on Tuesday. Fritzsche spoke a day after The Wall Street Journal reported that Sprint has entered into exclusive talks with Charter and Comcast on a potential deal for the cable companies to […]
Read moreSalesforce Chief Executive Marc Benioff revealed on Tuesday that he has been at his most aggressive with President Donald Trump when advising him to implement apprenticeship schemes to help retrain swathes of U.S. workers. Benioff first raised hopes of introducing an extensive apprenticeship program at a White House meeting in March. He emphasized that the […]
Read more
In July 2016, the Commission fined MAN, Volvo/Renault, Daimler, Iveco, and DAF a total of 2.93 billion euros for forming a cartel and colluding on truck prices for 14 years. The largest individual fine was on Daimler for 1.008 billion euros. DAF was hit with a fine of 752 million euros, while Volvo/Renault was fined […]
Read moreAmazon‘s new Echo Show, which begins shipping to customers this week, has a really creepy feature. It’s called “drop in” and lets pre-approved users suddenly appear on your Amazon Echo for two-way video chats. You don’t answer the video call, your friends and family can just drop right into your home. Sounds like something out […]
Read more