Facebook introduced a stripped-down version of the social photo-sharing app Instagram, aimed at users in developing markets. Instagram Lite quietly appeared on the Google Play Store Wednesday for Android smartphones and the size of the app is just 574 kilobytes, substantially smaller than the roughly 90 megabytes required for the main Instagram app. The Lite […]

High-speed internet connections, artificial intelligence (AI), machine-learning — technology is driving change in all areas of life. One business among many looking to embrace this new era of innovation is Australia-headquartered mining giant BHP. BHP is using everything from autonomous drills at iron ore mines to “smart caps” to analyze brain waves and monitor worker […]

When Benson Wang discovered he could cut his business’ energy bills by 25 percent, switching providers felt like a no-brainer. Three months later, he’s saved 900 Singapore dollars (around $660) — money he’s pumped back into his tapas restaurant. Wang’s is one of about 500 Singaporean companies said to have saved a combined 1.5 million […]

Walmart is rolling out two new ways to shop home furnishings, with a focus on small living spaces, just in time for the back-to-school season when students are heading off to college and looking for dorm decor. The effort builds on Walmart’s previous investments in its website and promises more to come. The retailer just […]

Watch out FedEx, UPS, DHL and the U.S. Postal Service: Amazon’s building its own last-mile delivery service. The e-commerce behemoth announced Thursday Delivery Service Partners, a new program designed to let entrepreneurs run their own local delivery networks of up to 40 delivery vans emblazoned with Prime logos. Each delivery unit will start their day […]

Imax CEO Richard Gelfond said Wednesday that large-scale media mergers will lead to more blockbuster movies and TV shows. “The middle companies are going to compete with the streaming companies, companies like Lions Gate,” Gelfond said on CNBC’s “Closing Bell.” “And I wouldn’t be surprised to see some of them get sold as these streaming […]

A group of state regulatory agencies has laid out detailed new requirements for how Equifax must conduct business, but stopped short of imposing fines or penalties. A consent order released on Wednesday by several state regulatory bodies is a response to the massive data breach that Equifax revealed in September 2017, and focuses on board […]

Google has reissued its internal rules related to harassment, discrimination, and doxxing following months of employee criticism of its workplace culture. CEO Sundar Pichai announced the new policies in a company-wide email last week, writing that they’re meant to reinforce a respectful culture while continuing to encourage discussion and debate, according to a copy of […]

Apple and Samsung on Wednesday settled a year patent dispute over Apple’s allegations that Samsung violated its patents by “slavishly” copying the design of the iPhone. Terms of the settlement, filed in the U.S. District Court for the Northern District of California, were not available. In May, a U.S. jury awarded Apple $539 million, after […]

After a costly acquisition of Time Warner, AT&T may have found a new source of revenue. The telecommunications carrier quietly bumped customers’ fees by about $1.23 each since April, which could mean an estimated $800 million in additional revenue per year for the company. The company booked $160.5 billion in revenue last year. BTIG Research […]