Wednesday, November 13, 2019
Macy's, the largest U.S. department store operator, has lost nearly 60% of its stock market value this year.The Cincinnati, Ohio-based retailer's stock declined as much as 18% on Wednesday, after cutting its 2019 adjusted profit in addition to huge markdowns...
Verizon is finally ‘offloading its unprofitable’ blogging site Tumblr to WordPress owner Automattic Inc, the company announced on Monday.Verizon had reportedly been looking for a buyer the past three months as part of ongoing restructuring of its media businesses...
Facebook is currently in talks with some news publishers, offering them “millions of dollars” to obtain rights to publish their material on its site, according to multiple media sources.The recent move comes after years of criticisms over Facebook’s monopolization...
Former head of the UK civil service, Lord Kerslake, has warned that British pound will continue to fall in value and could reach parity with the dollar for the first time in history if there is no Brexit deal.Lord...
Anti-monopoly watchdog in Russia Thursday announced they are investigating Apple following a complaint from cybersecurity company Kaspersky Lab which alleged that Apple is abusing its dominant market position.The Anti-monopoly watchdog said they are investigating to know why a new...
Against expectations of many analysts, American multinational transportation network, Uber on Thursday reported a very disappointing second-quarter loss. Following the announcement, the stock went down as much as 12%, or $5.33, in after-hours trading.Below are some figures reported.Revenue: $3.17...
Amazon announced on Wednesday that the company will be delivering packages to its customers via drones in just “within months.”Amazon said the new drone will operate like a helicopter. It will take off and land vertically and is more stable...
Tech giant, Huawei Technologies has been badly hit by sanctions imposed on some Chinese companies by Trump’s administration.Huawei founder and CEO Ren Zhengfei revealed this during an event on Monday that the stringent ban on its products and services...
FedEx has taken the US Department of Commerce to court for requiring it to enforce export bans with extra screening efforts.The delivery company issued a statement June 24, complaining of an unfair and “impossible burden” of liability. “FedEx is a...
The model is talking about booking her latest gig, modeling WordPress underwear in the brand latest Perfectly Fit campaign, which was shot by Lachian Bailey. It was such a surreal moment cried she admitted. The main thing that you have...

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