Business News


Apple upstages Amazon in selecting new tech hub locations

One tech giant strung dozens of North American cities through a circus-like contest that led mayors and governors to desperately pitch their regions—and offer huge sums of public money—in hopes ...

16 hours ago from Phys.org

Other sources: Phys.org (3), Arstechnica, Techspot, HotHardware, Ubergizmo show all (15) »

IMAX is pulling out of the VR industry amid waning consumer interest

In a recent filing with the Securities and Exchange Commission, movie company IMAX announced its exit from the virtual reality industry.

6 hours ago from Techspot

Other sources: Techspot, Engadget, The Verge, TechCrunch show all (5) »

Amazon-owned Whole Foods ends partnership with Instacart

The move comes a little over a year after Amazon acquired Whole Foods for $13.7 billion. Amazon has its own delivery service called AmazonFresh.        

8 hours ago from USA today

Other sources: USA today, CNET Cutting Edge, The Verge, TechCrunch show all (5) »

Robinhood said to not be properly insured to offer checking & savings

Robinhood’s new high-interest, zero-fee checking and savings feature seems to be too good to be true. Users’ money may not be fully protected. The CEO of the Securities Investor ...

4 hours ago from TechCrunch

Other sources: Reuters Technology (2), TechCrunch (2) show all (3) »

NY sues Walmart, Target for selling toys with high lead levels

New York state authorities on Thursday announced a lawsuit against retail giants Walmart and Target for selling Chinese-made toys that had up to 10 times the legal limit of lead.

23 hours ago from Phys.org

Other sources: Phys.org, Reuters (2) show all (3) »

Half Of Switch Owners Have Bought Zelda, Mario Kart, & Super Mario Odyssey

Nintendo has a stable of classic franchises that are almost always guaranteed to do well whenever they launch. This is why it doesn’t really come as a surprise to learn that half of Nintendo ...

21 hours ago from Ubergizmo

Other sources: Ubergizmo show all (2) »

Johnson & Johnson shares plunge after report on asbestos in baby powder

US pharmaceutical and cosmetics group Johnson & Johnson saw its shares plunge Friday after a media report alleged the group had deliberately concealed for decades that its baby powder sometimes ...

2 hours ago from Medical Xpress

Other sources: Medical Xpress, FOXNews, Reuters (2), Fastcompany Tech show all (5) »

Verizon takes $4.6B charge on internet ventures

Shares of Verizon slipped before the opening bell Wednesday with the company taking a $4.6 billion hit on what's become an expensive internet foray that's never panned out.

Wed 12 Dec 18 from Phys.org

Other sources: The Washington Post, Phys.org (2), Arstechnica, Techspot, CNET Cutting Edge show all (7) »

Amazon has a big target on its back going into 2019 - CNET

Sure, everyone shops there, especially at this time of year. But critics are finding plenty to complain about.

Thu 13 Dec 18 from CNET

Other sources: CNET, TechCrunch, The Verge show all (4) »

ITC To Review Import Ban On Apple iPhones And Its Impact On U.S. Interests

Apple and Qualcomm have a very long-running legal battle that has seen the two fighting in court over patent infringement and chip royalties. Qualcomm was also granted an import ban on some ...

Thu 13 Dec 18 from HotHardware

Other sources: HotHardware show all (2) »