The Justice Department is in the early stages of examining Uber’s business for alleged violations of U.S. foreign bribery laws, unnamed sources told The Wall Street Journal in a report published on Tuesday. Uber confirmed to CNBC it is cooperating with the Justice Department on a preliminary probe, but did not specify the nature of […]
Read moreIn private and sometimes in public, Travis Kalanick was fond of describing Uber, the car-hailing service he co-founded and commanded absolutely, as the Amazon of the transportation business. The similarities were clear. Amazon began as an online bookstore, but it was never just about selling books; over two decades, Amazon’s founder, Jeff Bezos, methodically expanded […]
Read moreHealth insurer Aetna has hired Ben Wanamaker from Wal-Mart’s health division to lead its joint venture with Apple, according to sources familiar with the matter. At Wal-Mart, Wanamaker’s role involved leading business development and strategy for the company’s health, wellness and e-commerce businesses, with a focus on partnerships. Wanamaker’s LinkedIn page still lists Wanamaker as […]
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Ikea’s new augmented reality application, for example, lets users drag and drop a digital version of a chair, a bed, a coffee table or any other Ikea product right in your house. You’ll view it right through your iPhone or iPad as if it really exists, viewing it through the screen of your iPhone. Walk […]
Read moreInvestors should buy Micron Technology shares because new technology markets will generate more demand for its memory products, according to JPMorgan, which reiterated its overweight rating on the chipmaker. “We believe investors are underestimating the positive impact of new and broad-based demand drivers beyond PCs and smartphones in areas such as AI/Deep Learning and continued […]
Read moreChances are you’ve seen that Amazon meat logo from Whole Foods screaming across the internet. Here’s how it came about. First off, Amazon CEO Jeff Bezos didn’t commission an LA Whole Foods meat department to sculpt an Amazon logo out of ground beef to commemorate its $13.7 billion purchase of Whole Foods. That would have […]
Read moreRaymond James says regional banks with Texas exposure will face some short-term difficulties from the damage caused by Hurricane Harvey, but lending will pick up into next year because of the rebuilding efforts. There will be several “major areas of impact. The first being business interruption, several banks have closed branches and that can continue […]
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The combination of Hurricane Harvey and another round of geopolitical turmoil from North Korea has spurred fears of market and economic disruption. But one pro says both could be setting the stage for a big upsurge. Economists expect Harvey in particular to cause untold billions of dollars in damages, while Kim Jong Un’s latest missile […]
Read moreTarget is struggling mightily to compete with Amazon in retail, but it’s finding other ways to fight back. The discount retailer is scaling back its use of Amazon Web Services, according to sources familiar with the matter, as the company aims to take greater control over its infrastructure and stop financing its chief rival. Amazon’s […]
Read moreInternet users who believe their (real) lives in the physical world will be shielded from online behavior are mistaken, cybersecurity experts say. “The notion that there’s this world on the internet and then there’s real life, and that these are two separate things is simply not true anymore,” says Eva Galperin, director of cybersecurity at […]
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