Sunday , 21 December 2014
Breaking News

You are here: Home » Business

In News: Business

Feed Subscription

Union Agreement Unlikely to Hit Profitability at Facebook (NASDAQ:FB) and Other Tech Companies

Union Agreement Unlikely to Hit Profitability at Facebook (NASDAQ:FB) and Other Tech Companies

NEW YORK – Could an agreement between Facebook (NASDAQ:FB) and the Teamsters change working conditions within the tech industry? That is the question that several analysts were asking after the company announced that they had struck a deal regarding shuttle drivers who ferry Facebook workers. Whilst the drivers are technically employed by a company contracted by Facebook, the agreement could ... Read More »

Wells Fargo and Discover Launch Private Student Loan Modifications

Wells Fargo and Discover Launch Private Student Loan Modifications

The two largest private lenders have announced they will relax repayment terms for struggling student loan borrowers. This week, Wells Fargo announced it will lower interest rates for eligible borrowers beginning in November while extending repayment periods starting in February. The bank, which as $11.9 billion in student loans, says the move will likely save borrowers thousands of dollars in ... Read More »

Arizona Sues General Motors for $3 Billion Over Recalls

Arizona Sues General Motors for $3 Billion Over Recalls

The state of Arizona has filed a lawsuit against General Motors Co, claiming the car manufacturer put the public at risk by hiding safety defects to avoid the cost of a major recall. Arizona seeks an estimated $3 billion from General Motors. Arizona Attorney General Tom Horne said civil penalties may go as high as $10,000 per violation, with hundreds ... Read More »

Netflix (NASDAQ:NFLX) set to Dominate TV as Viewership Reaches Mass Market Appeal

Netflix (NASDAQ:NFLX) set to Dominate TV as Viewership Reaches Mass Market Appeal

NEW YORK –  While analysts estimate that more than 40 percent of households in the United States receive all or part of their ‘television’ from streaming sites such as Netflix (NASDAQ:NFLX), it has been difficult to ascertain exact viewership figures.  However, that is about to change as Nielsen (NYSE:NLSN) announced on Tuesday that the company will begin measuring viewership of ... Read More »

An AOL-Yahoo Merger Might not Create Much Long-Term

An AOL-Yahoo Merger Might not Create Much Long-Term

NEW YORK – The push for AOL (NYSE:AOL) and Yahoo (NASDAQ:YHOO) to merge intensified last week as Starboard Value LP publically announced that the fund had urged both companies to merge. The announcement followed the release of a letter that Starboard sent to the boards of both companies in late-September. In the letter Starboard suggested that AOL would be the ... Read More »

Amazon (NASDAQ:AMZN) Ends Dispute with Book Publisher Hachette

Amazon (NASDAQ:AMZN) Ends Dispute with Book Publisher Hachette

NEW YORK – Amazon (NASDAQ:AMZN) and publisher Hachette announced on Thursday that their long-running dispute had been resolved as the companies reached an agreement over online and eBook sales. The dispute had been running since early-May when Amazon refused to give Hachette price control over the company’s eBooks on Amazon’s sites. Hachette criticized Amazon for ‘aggressive’ negotiating tactics which included ... Read More »

Verizon Wireless Will Give Out Freebies for “Connection Day”

Verizon Wireless Will Give Out Freebies for "Connection Day"

Verizon Wireless is dubbing the day before Thanksgiving “Connection Day” and it will give out free digital gifts to all wireless customers, not just Verizon Wireless customers. The day before Thanksgiving is known as one of the worst travel days of the year. Verizon has partnered with companies to make the travel experience a little easier with a mobile package ... Read More »

AT&T’s Stephenson Discusses Fiber Network and Mexican Expansion

AT&T’s Stephenson Discusses Fiber Network and Mexican Expansion

NEW YORK – The debate over net neutrality has created much confusion over the past six months with the high-stakes game pitting consumers and content providers against broadband network providers. On Wednesday, AT&T (NYSE:T) looked to up their ante as the company announced they would halt rollout of high-speed fiber optic service to 100 cities until the Federal Communications Commission ... Read More »

Scroll To Top