Every year, tens of thousands of Americans receive new organs, giving them a new lease on life when the ones they were born with start to fail. In 2016 there were more than 33,600 transplants, a number that has risen by 20 percent in the past five years. However, there are many more than that […]
Read moreAlibaba founder Jack Ma spent 800 hours traveling around the world last year and plans to increase that to 1,000 in 2017, evangelizing his burgeoning e-commerce platform, globalization and artificial intelligence. The billionaire Chinese businessman sat down with CNBC this week at the Gateway ’17 conference in Detroit for a wide-ranging interview on those topics […]
Read moreIDC said Wednesday the wearables market will nearly double by 2021, driven largely by increases in sales of smartwatches and smart clothing. Smartwatches, while more popular than ever, still haven’t become a must item for most people. Advances in health monitoring capabilities may help change that, IDC said. The market intelligence firm said it expects […]
Read moreToward the tail end of his 28-year career at Goldman Sachs, Don Duet was running the bank’s technology division and helping lead investments in emerging companies including Square, Docker and Barefoot Networks. Duet retired from Goldman earlier this year, but far from hitting the beach, the ex-banker has gone from investing in start-ups and deploying […]
Read moreThe European aerospace giant Airbus is to fix deployable flight recorders to its planes that will eject from the plane and float on water in the event of a crash into the sea. “The beacon on it will alert emergency services within minutes” said Charles Champion , Executive Vice President of Engineering at Airbus Commercial […]
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Retailers are still coming up short on winning shoppers over with in-store experiences. More than one-third of shoppers said they “feel nothing” when asked about their initial reaction after shopping in stores, GPShopper found in its latest report, “Reality of Retail: Consumer Connection.“ GPShopper’s study, which was conducted with research firm YouGov, asked roughly 1,200 […]
Read moreBain Capital plans to be the biggest investor in Toshiba’s chip unit, providing 850 billion yen ($7.7 billion) in equity as part of a consortium that also includes Japan government investors, three sources briefed on the matter said. The U.S. private-equity firm will, however, obtain around half that amount in financing from South Korean chipmaker […]
Read moreUber IPO prospects remain ‘extremely good’ despite CEO Travis Kalanick resigning, Deutsche Bank says
Uber’s prospect of executing an initial public offering (IPO) remains “extremely good” despite CEO Travis Kalanick resigning and management changes, a top Deutsche Bank corporate banking executive told CNBC on Wednesday. Kalanick resigned on Tuesday after investors demanded he step aside amid a number of controversies at the ride-hailing service. The outgoing CEO has consistently […]
Read moreUber board member and investor Bill Gurley said Travis Kalanick, the chief executive of the ride-hailing service who resigned on Tuesday, would have a “lasting impact on the world”, giving praise to the entrepreneur who has courted controversy. According to the New York Times, five of Uber’s major investors demanded Kalanick resign immediately. “Travis has […]
Read moreTravis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company. Mr. Kalanick’s exit came under pressure after hours of drama involving Uber’s investors, […]
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