BUSINESS DIGEST

#Debate summary: Hillary Clinton vs Donald Trump

#Debate summary: Hillary Clinton vs Donald Trump

News & Analysis

Debate summary: Melting pot of similar ideas What can be said about the historical first presidential debate between Republican presidential candidate Donald Trump and The U.S.  Secretary of State and Democratic...

Nintendo is getting into the movie business

Business Express Today

It’s not going down the live-action route. Instead, it will work on hand-drawn or 3D animated films, and seek partnerships with film companies for worldwide distribution.

Facebook releases employee guidelines amid accusations of political bias

Business Express Today

Gizmodo on Monday reported that a former Facebook employee said workers "routinely suppressed news stories of interest to conservative readers" while "artificially" adding other stories to the trending list. Facebook on...

Mitsubishi offices raided over fuel scandal

Business Express Today

Japan's Transport Ministry officials raided the headquarters of Mitsubishi Motors on Friday (May 13) to conduct an on-site inspection after the company admitted manipulation of fuel economy data. On Thursday (May...

In search for growth, Goldman turns to debt

Business Express Today

Goldman is searching for other sources of profit as strict regulations have pressured in its once lucrative bond trading unit and volatility has essentially frozen the market for initial public...

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Business Express Today

The move aligns Apple with Uber Technologies Inc's chief rival in China, as automakers and technology companies forge new alliances and make cross investments. The move aligns Apple with Uber Technologies...

Ubisoft CEO still opposes hostile Vivendi takeover

Business Express Today

“There is nothing new, Vivendi has a reputation of taking control of many companies."

Nvidia zooms by earnings targets thanks to graphics chip demand from cars and games

Business Express Today

“We are enjoying growth in all of our platforms — gaming, professional visualization, data center and auto. Accelerating our growth is deep learning, a new computing model that uses the...

Nvidia CEO says a holistic effort beyond graphics chips will make it dominant in PC gaming

Business Express Today

Nvidia chief executive Jen-Hsun Huang said that his company’s graphics chips are “further ahead [of the competition] than at any other time in our history.” “It’s about evolving all of the...

Mitsubishi Motors, Nissan agree to form capital alliance: source

Business Express Today

Mitsubishi Motors Corp (7211.T) has agreed to form a capital alliance with Nissan Motor Co (7201.T) at its board meeting on Thursday, a source familiar with the matter told Reuters.

Is this European grocer headed to Riverwalk?

Business Express Today

European discount supermarket Lidl is targeting the Carolinas.

Wells Fargo launches ‘fast-decision’ online loans for small businesses

Business Express Today

Wells Fargo has a new trick up its sleeve. The bank set a five-year $100 billion small business lending goal in 2014. Since then, Wells has loaned $40.7 billion to small...

Cambridge man who claims he invented email sues Gawker for $35M

Business Express Today

A Cambridge resident and MIT graduate who says he invented email in the late 1970s is suing Gawker Media for $35 million, saying the news and gossip website engaged in...

Microsoft tried to clone the Apple Store. It still hasn't worked.

Business Express Today

Microsoft doesn't shy away from the comparison, but resists the notion that it is a mere copycat.  The company is bringing new technology into stores — from unreleased Xbox games to...

WhatsApp just launched a new app — on desktop

Business Express Today

Facebook-owned WhatsApp, the mobile messaging service it paid $19 billion for two years ago, now has a desktop app, too.

Slack wants to help you sign in to all your other office apps

Business Express Today

Slack, the fast-growing office productivity and communications app, today made a case to be the only thing you sign in to during your work day.

Streaming music has become Warner Music's biggest business

Business Express Today

Another milestone in the music industry’s shift to streaming: Revenue from the streaming business has become Warner Music Group’s biggest business. The company announced that money from services like Spotify and...

Comcast buys French startup StickyAds to build out its digital video business

Business Express Today

It’s part of the cable giant’s move into “programmatic” TV ads. Comcast has acquired StickyAds.tv, a startup that specializes in TV ads that run on digital properties.

Carvana is building its 8-story car vending machine

Business Express Today

Looks like Orlando will be another city in the U.S. that will get a unique car vending machine.

Fiat Chrysler CEO to pursue deeper relationship with Google

Business Express Today

The partnership with the Mountain View company is "very, very focused," he said. "It has a very clear objective and a very clear timeline." General Motors said it was moving quickly...

Facebook wins China trademark case

Business Express Today

A Beijing court has ruled in favor of Facebook and against a Chinese company which had registered "face book" as a separate trademark.

Elon Musk spends his nights in a sleeping bag at Tesla’s factory

Business Express Today

“My desk is at the end of the production line,” Musk said during the call. “I have a sleeping bag in a conference room next to the production line that...

How Greats Brand Turned Social-Media Savvy Into Sneaker Sales

Business Express Today

Collaborating is more of an art than a science and when done correctly can be a powerful way to elevate the brand. In the direct-to-consumer world, the Greats Brand has found better fortune than...

Adidas sales jump 31 percent, announces plan to sell TaylorMade

Business Express Today

"I don’t think there’s much question,” he said. “It’s the coolest brand in sports right now. And we’re going to use that coolness in a more effective way than we...

BlackBerry brings video calling to Android and iPhone BBM users

Business Express Today

BlackBerry is trying to widen the appeal of BBM: last month it dropped a $1-a-month subscription fee for access to additional privacy and messaging control features. But this comes as...

IBM teams up with Bausch + Lomb to transform how surgeries are performed

Business Express Today

The 163-year-old supplier of eye health products is trying to transform how surgeries are performed, from planning to post-op follow up.

YouTube plans online TV service: Bloomberg

Business Express Today

YouTube has discussed these plans with most media companies, including Comcast Corp's NBCUniversal, Viacom Inc, Twenty-First Century Fox Inc and CBS Corp, but has yet to secure any rights, according...

Alibaba's revenue rises 39 percent as more shoppers buy online

Business Express Today

Alibaba Group Holding Ltd, China's biggest e-commerce company, said fourth-quarter revenue rose 39 percent, helped by growth in gross merchandise volume.

Avon's sales fall 16 percent

Business Express Today

Cosmetics maker Avon Products Inc (AVP.N) reported a 16 percent decline in quarterly sales as it struggled to boost demand in Brazil and China.

Periscope mimics FB Live by letting you permanently #Save replays

Business Express Today

Periscope added its biggest missing feature today in a move that could make it more palatable to brands and social stars, and help it compete with Facebook Live.

Remittance startup Azimo raises $15M from Viber owner, e-commerce giant Rakuten

Business Express Today

Asia is a big step up for the company: there are some 60 million migrants from the region and some $250 billion is transferred annually in the region, and today...

Disney wants to write a very big check to buy part of MLB’s video streaming company

Business Express Today

Industry sources believe Disney is looking to acquire as much as one-third of BAM Tech, at a valuation approaching $3 billion, with “path to control” that would eventually allow it...

Top Tesla Manufacturing Execs Will Leave After Production Snafus

Business Express Today

Self-described “hubris” apparently caught up with Tesla Motors TSLA -4.11% in another way this week, as the company confirmed that two of its top manufacturing executives — neither of whom...

Timbaland And Google Android Creator Set To Redefine How Fans Experience Music

Business Express Today

Merging the mechanics of crafting dynamic productions with the physical element of SubPac technology, the multiplatinum hit-maker believes this venture simply marks the beginning of a necessary shift within the industry.

Facebook Pays 10-Year-Old $10,000 for Hacking Instagram

Business Express Today

Jani, who is still too young to have a Facebook or Instagram account of his own, said he learned coding from Youtube videos and found a way to delete user...

IBM allow free access to quantum processor online

Business Express Today

IBM has made a functioning quantum processor available to the public over the internet. Quantum computing is widely seen as an evolution of computer technology, which may allow for much faster...

Apple loses trademark fight over 'iPhone' name in China

Business Express Today

Apple has lost a trademark fight in China, meaning a firm which sells handbags and other leather goods can continue to use the name "IPHONE". As a result Apple's iBooks and...

Amazon's business marketplace hits $1 billion in sales

Business Express Today

"We are continuing to grow at a rate of 20 percent month-on-month, and that highlights ... how strong the need is in this segment," Amazon.com Inc's business marketplace, which connects businesses...

Australia clears AB Inbev's $100 billion SABMiller buyout plan

Business Express Today

"The ACCC considers that the proposed acquisition is unlikely to result in higher beer prices for consumers," Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said. The green light from...

Tesla puts pedal to the metal, 500,000 cars planned in 2018

Business Express Today

The overwhelming demand for Model 3 confirms that compelling all-electric vehicles have mass-market appeal.

Tuesday, May 3 - restructuring debt, compensation damages, growth

Daily Digest

restructuring debt, compensation damages, growth In Focus: Twitter, Aeropostale, J&J, Reddit, Amazon and more

Twitter is going to have a hard time fixing its ad problem

Twitter is going to have a hard time fixing its ad problem

Business Express Today

Twitter now has an ad problem because of its user problem. It doesn’t have enough scale to compete with Facebook and Google. Twitter’s answer to all of this is the same...

Fox and Disney want to sell their own web TV bundle, via Hulu, for $40 a month

Fox and Disney want to sell their own web TV bundle, via Hulu, for $40 a month

Business Express Today

Disney and 21st Century Fox — which own two-thirds of Hulu and control its management* — want to sell a service that competes directly with the pay TV distributors who are their...

Reddit’s plan to become a real business could fall apart pretty easily

Reddit’s plan to become a real business could fall apart pretty easily

Business Express Today

The promise of Reddit’s business has always been that it brings in millions and millions of eyeballs, hosts content that other websites use for themselves and has a highly engaged community...

Google buys startup that coaches companies on Google apps to get more companies on Google apps

Google buys startup that coaches companies on Google apps to get more companies on Google apps

Business Express Today

Enterprise is an increasingly big deal for Google as the company searches for another business beyond ads. Google is adding to this arsenal, scooping up a small startup to help it...

Uber Expands a Big Partnership To Lure Chinese Customers

Uber Expands a Big Partnership To Lure Chinese Customers

Business Express Today

In a chase for Chinese customers, Uber is now going after their wallets—their digital wallets, that is. Uber is expanding its two-year-old partnership with a popular payments service. As part of...

The Company Behind 'American Idol' Just Filed for Chapter 11 Bankruptcy

The Company Behind 'American Idol' Just Filed for Chapter 11 Bankruptcy

Business Express Today

“Core Media Group remains firmly committed to our mission as a global content and management company producing award-winning programming,” the company said.

Aéropostale Set to Close 100 Stores, File for Bankruptcy Protection

Aéropostale Set to Close 100 Stores, File for Bankruptcy Protection

Business Express Today

Unable to shake off a long slide in sales, teen retailer Aéropostale is set to file for bankruptcy protection this week and close more than 100 of its stores, the...

Microsoft stops Google being used for Cortana searches

Microsoft stops Google being used for Cortana searches

Business Express Today

Microsoft is forcing people to use its Bing search engine with the Cortana digital assistant in Windows 10. Although Microsoft has had some success getting people to use the Bing search...

Johnson & Johnson ordered to pay $55 million in talc-powder trial

Johnson & Johnson ordered to pay $55 million in talc-powder trial

Business Express Today

is facing about 1,200 lawsuits accusing it of not adequately warning consumers about its talc-based products' cancer risks. Johnson & Johnson (JNJ.N) was ordered by a U.S. jury on Monday to...

Facebook’s new Seattle building to expand, could give social network even more room for growth

Facebook’s new Seattle building to expand, could give social network even more room for growth

Business Express Today

Real estate company Capstone Partners, developer of the building that will soon become Facebook’s new Seattle engineering center, has filed plans for another building with up to 165,000 square feet of...

Amazon’s Prime Now comes to the web, expanding beyond mobile app

Amazon’s Prime Now comes to the web, expanding beyond mobile app

Business Express Today

Amazon today launched a website for its Prime Now one- and two-hour delivery service, offering a new option for Amazon Prime users, who were previously only able to access the service...

Fullscreen’s new streaming service aims to be the MTV for the YouTube generation

Fullscreen’s new streaming service aims to be the MTV for the YouTube generation

Business Express Today

It’s not exactly a Netflix or YouTube rival, but AT&T-backed Fullscreen is hoping to carve out its own niche in the now-crowded subscription video market with its new service, launched this...

These former Google and Twitter engineers want to bring genetic testing for cancer to the masses

These former Google and Twitter engineers want to bring genetic testing for cancer to the masses

Business Express Today

Techies love tackling health. The medical industry offers a heap of intractable issues, big market potential and the always desirable scale.

Google CEO’s new letter lays out six-point company plan

Google CEO’s new letter lays out six-point company plan

Business Express Today

Now that Sundar Pichai is running Google, the company’s founders are letting him write their letter, too.

Fitbit wins big in trade ruling vs. Jawbone

Fitbit wins big in trade ruling vs. Jawbone

Business Express Today

Fitbit scored a victory in a trade dispute against Jawbone this morning, with a judge ruling that some of the Jawbone patents at the heart of the dispute were invalid...

VW executive committee balks at Qatar's push for seat: sources

VW executive committee balks at Qatar's push for seat: sources

Business Express Today

Frustrated with the pace of reform at Volkswagen, shareholder Qatar has asked the carmaker for a seat on the company's executive committee, a request that has met with substantial opposition...

HP and Google join forces for a souped-up metal Chromebook

HP and Google join forces for a souped-up metal Chromebook

Business Express Today

You know it’s not just any old Chromebook when Google and HP team up for the thing’s product launch.

Carl Icahn dumps Apple

Carl Icahn dumps Apple

Business Express Today

Carl Icahn, one of Apple’s biggest activist investors, told CNBC he has exited his position in the company.

Oracle buys construction software business for $663M

Oracle buys construction software business for $663M

Business Express Today

Oracle on Thursday said it is buying an Illinois-based company whose cloud services are used in the construction industry for contract and payment management.

Fiat Chrysler, Alphabet in technology partnership talks: WSJ

Fiat Chrysler, Alphabet in technology partnership talks: WSJ

Business Express Today

Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions.

Mitsubishi Motors says Japan orders halved; chief says no plans to resign

Mitsubishi Motors says Japan orders halved; chief says no plans to resign

Business Express Today

Mitsubishi Motors Corp (7211.T) said Japanese orders for its cars have halved since it revealed last week it cheated on fuel economy tests, intensifying concerns over its prospects given an...

Yahoo board shakeup ends standoff with vocal critic

Yahoo board shakeup ends standoff with vocal critic

Business Express Today

The effort to right the good ship Yahoo has taken a decided turn toward Starboard.

Xiaomi wants to redefine 'made in China'

Xiaomi wants to redefine 'made in China'

Business Express Today

If the label "made in China" conjures images of exploding "hoverboards" in your mind more often than quality craftsmanship, you're in good company.

DreamWorks Animation eyed by Comcast

DreamWorks Animation eyed by Comcast

Business Express Today

Comcast is in talks to buy DreamWorks Animation for $3 billion, which could put the media giant on the same level as The Walt Disney Co. in its entertainment vertical...

Tim Cook hints that Apple is ready to open the wallet to buy big companies

Tim Cook hints that Apple is ready to open the wallet to buy big companies

Business Express Today

During its conference call for the March quarter's disappointing earnings, Apple CEO Tim Cook confirmed again that Apple continues to be on the lookout for companies to buy.

Apple expected to shrink for the first time since the iPhone era began

Apple expected to shrink for the first time since the iPhone era began

Business Express Today

Apple warned investors in January that first quarter results may be a milestone for the company – and not in a good way.

Mitsubishi Corp to freeze resource assets growth for next three years: CEO

Mitsubishi Corp to freeze resource assets growth for next three years: CEO

Business Express Today

Mitsubishi Corp (8058.T) won't boost its natural resources assets on a net basis for the next three years after a commodity slump forced it to warn of its first ever...

Uber, Google and Ford form self-driving car coalition

Uber, Google and Ford form self-driving car coalition

Business Express Today

A fleet of auto companies are forming a self-driving car coalition, Reuters reports.

Mitsubishi cheated fuel economy tests for 25 years, report says

Mitsubishi cheated fuel economy tests for 25 years, report says

Business Express Today

Mitsubishi falsified fuel economy data on its cars since as far back as 1991, the BBC reports.

Exclusive: Landry's and Jefferies CEOs to launch acquisition company - sources

Exclusive: Landry's and Jefferies CEOs to launch acquisition company - sources

Business Express Today

Tilman Fertitta, the Texas billionaire CEO of Landry’s Inc and Richard Handler, the CEO of investment bank Jefferies Group LLC and its parent Leucadia National Corp (LUK.N), are launching a...

How Mark Zuckerberg plans to triple the size of Facebook

How Mark Zuckerberg plans to triple the size of Facebook

Business Express Today

CEO Mark Zuckerberg wants to triple the size of Facebook. How? By lowering Internet costs.

Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

Business Express Today

Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group, according to multiple sources close to the deal.

NBC is cutting the number of commercials during 'Saturday Night Live'

NBC is cutting the number of commercials during 'Saturday Night Live'

Business Express Today

NBC is cutting the commercial clutter during "Saturday Night Live."

This CEO banned his first employees from living more than 15 minutes from work

This CEO banned his first employees from living more than 15 minutes from work

Business Express Today

A new book on the Chinese ecommerce giant Alibaba has revealed that founder Jack Ma insisted that his first employees reside only minutes from work.

Google is creating a startup haven to prevent staff from leaving

Google is creating a startup haven to prevent staff from leaving

Business Express Today

The Area 120 incubator would let curious Googlers work on new ideas full-time.

The race for the first 3D printed shoe

The race for the first 3D printed shoe

Business Express Today

Today’s leading athletic footwear companies — including Nike, Adidas, Under Armour, and New Balance — have come to rely on 3D printing to speed up the process of designing and...

Apple to push for uniform pricing, iPhone may cost same - online or offline

Apple to push for uniform pricing, iPhone may cost same - online or offline

Business Express Today

Variations in the prices of iPhones sold in brick-and-mortar stores and online marketplaces in India may narrow as distributors move to a uniform pricing structure across the country.

Start-up Sirin to launch ultra high-tech phone for executives

Start-up Sirin to launch ultra high-tech phone for executives

Business Express Today

A British-Israeli start-up plans to sell a mobile phone from next month that will offer users unprecedented levels of technology and security -- and retail for close to $20,000.

Fiat Chrysler targets 'significant double-digit growth' China jeep sales growth in 2016

Fiat Chrysler targets 'significant double-digit growth' China jeep sales growth in 2016

Business Express Today

Fiat Chrysler Automobiles (FCHA.MI) (FCA) is targeting "significant double-digit growth" for jeep sales in China this year, said Mike Manley, Chief Operating Officer for the Asia-Pacific region, speaking at the...

Taking on Tesla: China's Jia Yueting aims to outmuscle Musk

Taking on Tesla: China's Jia Yueting aims to outmuscle Musk

Business Express Today

Tomorrow's cars will be all-electric, self-driving, connected to high-speed communications networks ... and free. And probably Chinese.

Toyota experimenting with 'pay how you drive' insurance

Toyota experimenting with 'pay how you drive' insurance

Business Express Today

Toyota and Aioi Nissay Dowa Insurance have established a joint venture telematics car insurance services company. The automaker’s new Plano-based in-car technology company will take the lead in developing products...

Citigroup quarterly profits plunge 27%

Citigroup quarterly profits plunge 27%

Business Express Today

US bank Citigroup has reported a 27% fall in first quarter profits compared with a year earlier. It came as Citi said it had set aside more cash to cover losses...

Jeweler Bulgari sees brighter prospects for second half of year

Jeweler Bulgari sees brighter prospects for second half of year

Business Express Today

Bulgari, the flagship jewelry brand of luxury industry leader LVMH (LVMH.PA), sees growth picking up in the second half of the year after sales suffered following the attacks in Paris...

Microsoft sues U.S. government

Microsoft sues U.S. government

Business Express Today

Microsoft sues U.S. government over law banning tech firms from telling customers about search warrants

Microsoft to open Minecraft education edition for all schools in June

Microsoft to open Minecraft education edition for all schools in June

Business Express Today

Beginning in June, any school will be able to access the new Minecraft, which is tailor-made for teaching kids things such as collaboration, navigation, social skills, and empathy.

Verizon counting on Armstrong as it prepares Yahoo bid

Verizon counting on Armstrong as it prepares Yahoo bid

Business Express Today

Verizon is the clear favorite in the upcoming bidding for Yahoo’s core Internet business, according to Wall Street analysts, in large part because the telecommunications company’s efforts to become a force...

Facebook just validated the bot movement for businesses

Facebook just validated the bot movement for businesses

Business Express Today

The battle for our attention has once again shifted to a new technological plane within the mobile space.

Twitter gears up for new push into China

Twitter gears up for new push into China

Business Express Today

With user growth remaining elusive, it appears Twitter is getting ready to make a run at the world’s largest population of Internet users.

GoPro poaches Apple designer Daniel Coster

GoPro poaches Apple designer Daniel Coster

Business Express Today

Extreme-action camera company GoPro saw its stock shoot up on Wednesday after it poached Apple executive Daniel Coster to serve as its vice president of design.

Legal battle erupts over $1B Cruise Automation sale to General Motors

Legal battle erupts over $1B Cruise Automation sale to General Motors

Business Express Today

There is apparently a dark cloud hovering around the jackpot $1 billion sale of Cruise Automation to General Motors last month.

Nike says farewell to Kobe Bryant

Nike says farewell to Kobe Bryant

Business Express Today

Nike on Wednesday released a commercial to coincide with NBA great Kobe Bryant's last game.

Microsoft makes a big push for schools with Windows 10

Microsoft makes a big push for schools with Windows 10

Business Express Today

Microsoft is unveiling a number of classroom-focus features for Windows 10 and Office today.

Daimler, parent of Mercedes-Benz, just created a new company to help you take more public transit

Daimler, parent of Mercedes-Benz, just created a new company to help you take more public transit

Business Express Today

A pair of transportation technology companies from two of the funkiest cities in the US are merging to form Moovel North America, a new company that will provide mobile ticketing...

Here are the world leaders and global organizations who are embracing Snapchat

Here are the world leaders and global organizations who are embracing Snapchat

Business Express Today

Snapchat may be one of the hottest social networks, but unlike rivals Twitter and Facebook, it can be a bit tougher to measure the success of any individual or organization on...

Mobile-first tutoring service MathCrunch becomes Yup, expands into science

Mobile-first tutoring service MathCrunch becomes Yup, expands into science

Business Express Today

MathCrunch, the mobile-first education startup that helps students find personal tutors, has announced a pivot as it changes its name to Yup and expands beyond math into chemistry and physics.

Theranos Founder Elizabeth Holmes Is Facing a Ban by Regulators

Theranos Founder Elizabeth Holmes Is Facing a Ban by Regulators

Business Express Today

The agency has yet to respond to Theranos’ rebuttal.

VW Board Agrees to Slash Bonuses

VW Board Agrees to Slash Bonuses

Business Express Today

The board says it’s time to send a signal on top management pay, starting with its chairman.

Amazon Kindle Oasis: Does the world want a £270 e-reader?

Amazon Kindle Oasis: Does the world want a £270 e-reader?

Business Express Today

It has a good claim to being the most daring and innovative technology company of the last 20 years.

Chipotle investor seeks board shakeup for more diversity

Chipotle investor seeks board shakeup for more diversity

Business Express Today

Chipotle Mexican Grill Inc (CMG.N) shareholder CtW Investment Group on Wednesday urged investors not to re-elect two long-time board members, saying the chain's recent food safety crisis shows the company...

How Tiffany Plans to Sell a Lot More Jewelry

How Tiffany Plans to Sell a Lot More Jewelry

Business Express Today

The New York-based jeweler announced on Tuesday that it would sell select Tiffany items on Net-A-Porter as of April 27. It’s the first time that Tiffany will sell its jewelry...

Alibaba Spends $1 Billion to Control E-Commerce Across Asia

Alibaba Spends $1 Billion to Control E-Commerce Across Asia

Business Express Today

The deal gives Alibaba an instant footprint across six countries.

Accel targets ‘unprecedented opportunity’ in Europe and Israel with fresh $500 million fund

Accel targets ‘unprecedented opportunity’ in Europe and Israel with fresh $500 million fund

Business Express Today

Venture capital firm Accel has announced a fresh $500 million as it looks target what it calls an “unprecedented opportunity” to back “the next generation of entrepreneurs” in Europe and...

Facebook and Microsoft confirm they have no gender pay gap

Facebook and Microsoft confirm they have no gender pay gap

Business Express Today

The firms join Amazon, Apple and Intel in claiming to pay men and women equally.

What I learned Working at Sephora for a Day

What I learned Working at Sephora for a Day

Business Express Today

When you spend eight hours with one of New York City’s top Sephora cast members, which is Sephora speak for sales clerk, you’ll probably wonder what possessed you to leave...

Daily Mail publisher considers bid for Yahoo

Daily Mail publisher considers bid for Yahoo

Business Express Today

The company is under intense pressure to revive its revenue growth and shareholders are calling for a change in leadership

Luxury retailer LVMH sees revenues rise

Luxury retailer LVMH sees revenues rise

Business Express Today

Luxury retailer LVMH saw a 4% gain in revenue for the first quarter this year, compared with last year.

EU to make big firms come clean on tax

EU to make big firms come clean on tax

Business Express Today

Plans to force the largest companies to disclose more about their tax affairs will be unveiled by the European Union on Tuesday.

Foreign Products Get More Expensive for Chinese Shoppers

Foreign Products Get More Expensive for Chinese Shoppers

Business Express Today

New taxes will test how much the country’s consumers are willing to pay for ‘quality’ imports .

Target managers face disciplinary action for 'mind-blowingly stupid' scheme

Target managers face disciplinary action for 'mind-blowingly stupid' scheme

Business Express Today

Wesfarmers says fewer than 10 people were involved in artificially boosting the retailer’s first-half earnings

Tesla to recall 2,700 Model X SUVs over seat issue

Tesla to recall 2,700 Model X SUVs over seat issue

Business Express Today

Tesla Motors Inc (TSLA.O) will recall 2,700 Model X sport utility vehicles in the United States due to a faulty locking hinge in the third-row seats that increases the risk...

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

Business Express Today

Goldman Sachs Group Inc (GS.N) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said...

Hypebeast on Pace to Smash Asia's 2016 IPO Record

Hypebeast on Pace to Smash Asia's 2016 IPO Record

Business Express Today

Hypebeast Ltd., the collection of fashion and entertainment blogs that started out as an online sneaker forum, is on track for the best debut of any Asian initial public offering...

Uber poaches a top Ford engineer to help build self-driving cars

Uber poaches a top Ford engineer to help build self-driving cars

Business Express Today

Add Ford to the list of companies that are being pillaged by Uber in its quest to excel in the hyper-competitive world of self-driving cars.

BMW will now rent you a car by the minute

BMW will now rent you a car by the minute

Business Express Today

BMW has launched a new car-sharing service in Seattle called ReachNow that uses a fleet of BMW 3 Series sedans, i3s, and Mini Coopers.

Barnes and Noble farms out some Nook tech services

Barnes and Noble farms out some Nook tech services

Business Express Today

The bookseller says it's still committed to the e-reader.

BMW uses the HTC Vive to design new vehicles

BMW uses the HTC Vive to design new vehicles

Business Express Today

A "mixed reality" setup means it can test prototypes in a virtual playground.

Bentley wants to put a holographic butler in your car

Bentley wants to put a holographic butler in your car

Business Express Today

"yet-to-be-invented connectivity and technologies... are integrated into the cabin will become ever more important"

Theranos just added a bunch of actual lab testing experts to its medical board

Theranos just added a bunch of actual lab testing experts to its medical board

Business Express Today

The move comes after the company's technology has been called into question. But, this isn't the first time that Theranos has made big changes to its advisory boards

Mercedes diesel owners file new lawsuit in United States

Mercedes diesel owners file new lawsuit in United States

Business Express Today

Owners of Mercedes diesel cars filed a new class-action lawsuit in the United States saying the vehicles likely contained a "defeat device" used to cheat emissions testing, an accusation that...

Uber pays $10m in driver vetting row

Uber pays $10m in driver vetting row

Business Express Today

Ride-sharing company Uber has agreed to pay $10m (£7m) to settle a dispute over its background checks for drivers.

Robots set to aid postal workers with deliveries in Germany

Robots set to aid postal workers with deliveries in Germany

Business Express Today

Germany's Deutsche Post is testing robots that could help postal workers cope with increasing numbers of parcels on their delivery rounds, a company manager said on Thursday.

Verizon plans bid for Yahoo and its Yahoo Japan stake: Bloomberg

Verizon plans bid for Yahoo and its Yahoo Japan stake: Bloomberg

Business Express Today

Verizon Communications Inc (VZ.N) is ready to make a bid for Yahoo's web business, and hopes to make a merger more successful by also making an offer for a stake...

San Francisco first U.S. city to require businesses to offer new parents paid leave

San Francisco first U.S. city to require businesses to offer new parents paid leave

Business Express Today

The measure, unanimously approved Tuesday by the city’s Board of Supervisors, comes as momentum grows nationwide for workplace policies that better support families. Twitter, this week became the latest company in...

New M&S boss says clothing sales remain ‘unsatisfactory’

New M&S boss says clothing sales remain ‘unsatisfactory’

Business Express Today

“Our priority is fixing clothing,” Steve Rowe said.  

Huawei may have beaten new iPhone to its biggest feature, again

Huawei may have beaten new iPhone to its biggest feature, again

Business Express Today

The P9's dual-camera technology, which is part of a collaboration with Leica, allows the phone to re-focus pictures after they’ve been taken

Sainsbury’s abandons ‘brand match’ scheme to cut prices on basics

Sainsbury’s abandons ‘brand match’ scheme to cut prices on basics

Business Express Today

Sainsbury’s will end its Brand Match promotion, introduced in 2011, in three weeks's time.

Twitch, FaceIt Launch eSports League Offering Teams Ownership Stakes

Twitch, FaceIt Launch eSports League Offering Teams Ownership Stakes

Business Express Today

Twitch and competitive-gaming platform startup FaceIt are shaking up the eSports world, joining forces to form a professional league that is offering teams co-ownership positions.

Samsung patents design for 'smart' augmented reality contact lenses

Samsung patents design for 'smart' augmented reality contact lenses

Business Express Today

The contact lenses would be controlled through eye movements and blinking

Mega deals morph into mega problems for Wall Street

Mega deals morph into mega problems for Wall Street

Business Express Today

If 2015 was a dream year for Wall Street's top dealmakers, 2016 is starting to take a nightmarish turn.

Verizon to Acquire 24.5% Stake in AwesomenessTV for $159 Million

Verizon to Acquire 24.5% Stake in AwesomenessTV for $159 Million

Business Express Today

DreamWorks Animation to remain majority owner, with Hearst holding remaining 24.5% stake

U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive

U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive

Business Express Today

The U.S. government filed a lawsuit on Wednesday to stop Halliburton Co (HAL.N) from buying Baker Hughes Inc (BHI.N), arguing the combination of the No. 2 and No. 3 oil...

Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

Pfizer, Allergan scrap $160 billion deal after U.S. tax rule change

Business Express Today

U.S. drugmaker Pfizer Inc (PFE.N) and Ireland-based Allergan Plc (AGN.N) walked away from their $160 billion merger on Wednesday, a major win for President Barack Obama, who has been pushing...

Twitter paid less than $10 million for entire 10 game NFL Thursday package

Twitter paid less than $10 million for entire 10 game NFL Thursday package

Business Express Today

Last year, Yahoo paid around $20 million to stream a single regular season game, an event the NFL described as a test.

Twitter to Give All New Parents 20 Weeks of Paid Leave

Twitter to Give All New Parents 20 Weeks of Paid Leave

Business Express Today

The social media site is the latest tech company to offer equal leave to moms and dads.

Starboard's Jeff Smith resigns as Darden chairman

Starboard's Jeff Smith resigns as Darden chairman

Business Express Today

Olive Garden owner Darden Restaurants Inc's (DRI.N) chairman, Jeffrey Smith, head of Starboard Value LP, has resigned 18 months after engineering the ouster of the company's board.

Twitter wins rights to show NFL games

Twitter wins rights to show NFL games

Business Express Today

Twitter has agreed a deal to broadcast Thursday night NFL games online across the world for free.

These are the most productive countries in Europe in low wage jobs

These are the most productive countries in Europe in low wage jobs

Business Express Today

Eight million people work in low-wage sectors in the UK, which equates to more than one in four UK jobs.

iPhone bug lets you talk Siri into showing you anyone’s photos

iPhone bug lets you talk Siri into showing you anyone’s photos

Business Express Today

A bug in the new version of iOS could offer anyone access to a phone’s photos and contacts. The slightly complicated trick uses an apparent glitch in the way that Siri...

Android Auto comes to 18 new countries including Brazil, India, and Russia

Android Auto comes to 18 new countries including Brazil, India, and Russia

Business Express Today

Google has nearly tripled the number of countries that can access Android Auto. The smart car interface now has functionality in 18 new countries plus the territory of Puerto Rico;

Barclays finally adds support for Apple Pay in the UK

Barclays finally adds support for Apple Pay in the UK

Business Express Today

Apple Pay launched in the UK last summer, and made relatively swift progress adding banks. However, there was one notable holdout: Barclays, the country's second biggest bank. Today, though, the...

Shake-up at Intel as veteran execs Davis and Skaugen leave

Shake-up at Intel as veteran execs Davis and Skaugen leave

Business Express Today

Chipmaker Intel just announced the departure plans of two longtime executives, one heading up its business devoted to personal computers, another heading up its Internet of Things efforts.

People Are Spending Lots of Time, Not Money, on Their Phones

People Are Spending Lots of Time, Not Money, on Their Phones

Business Express Today

There are still big questions about what benefits brick-and-mortar retailers get from letting their customers pay with phone-based payment services like Apple Pay and Android Pay.

Ikea turns kitchen remodeling into an HTC Vive VR game

Ikea turns kitchen remodeling into an HTC Vive VR game

Business Express Today

Today Ikea is launching a pilot virtual reality app called the Ikea VR Experience as the first HTC Vive headsets begin to ship. The app, built using the Unreal Engine 4...

Tesla Blames ‘Hubris’ for Failing to Deliver Enough Model Xs Last Quarter

Tesla Blames ‘Hubris’ for Failing to Deliver Enough Model Xs Last Quarter

Business Express Today

Tesla blamed its own "hubris" for stuffing its Model X crossover with too much technology, making it difficult to produce in volume, according to a Tesla statement.

Disney’s Heir Apparent Is Leaving the Company

Disney’s Heir Apparent Is Leaving the Company

Business Express Today

CEO Bob Iger's assumed successor will step down next month

Amazon’s New Gadget Turns Your Speaker System Into An Echo

Amazon’s New Gadget Turns Your Speaker System Into An Echo

Business Express Today

The Amazon Dot brings a voice assistant to your home theater

Amazon CEO: We’ve Got a New Kindle Coming

Amazon CEO: We’ve Got a New Kindle Coming

Business Express Today

There’s a new Kindle e-reader on the way, Amazon CEO Jeff Bezos said Monday.

Mattel Releases New Male Barbie To Inspire Girls To Imagine Holding Highest Leadership Positions

Business Express Today

In a continued effort to make its iconic line of dolls more representative of today’s culture, Mattel announced the release Friday of its first male Barbie, which it hopes will...

Sephora bets on messaging apps for e-commerce

Business Express Today

Sephora became the first beauty brand to make its debut on the messaging app Monday, aiming to drive sales by offering a one-to-one chat experience on mobile.

Turner Hopes Investment in Mashable Makes Them Ideal Partners for the Future of TV

Business Express Today

For years, the relationship between old and new media resembled that of awkward 13-year-olds at a middle school dance, standing on opposite sides of the gymnasium.

London Stock Exchange CEO Just Issued a Dire Warning About Brexit

Business Express Today

He says the U.S. would be forced to “put Humpty Dumpty back together again.”

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