Reuters Amazon looks to new food technology for home deliveryReutersSAN FRANCISCO (Reuters) – Amazon.com Inc is exploring a technology first developed for the U.S. military to produce tasty prepared meals that do not need refrigeration, as it looks for new ways to muscle into the $700 billion U.S. grocery business.Amazon wants to send you pre-cooked […]
Bloomberg Google Cancels Staff Meeting to Address Diversity CrisisBloombergFormer Google Engineer James Damore has caused an uproar in Silicon Valley. This after he authored an internal 10-page memo asserting there are biological causes behind gender inequality in the tech industry. Damore, says he is 'exploring all possible …The alt-right is planning to protest Google's censorship with […]
Reuters Nvidia shares fall on data center revenue but chips ride cryptocurrency boomReuters(Reuters) – Nvidia Corp's quarterly revenue in its widely watched data center and automotive businesses missed estimates, dragging down the chipmaker's shares that have nearly tripled in value over the past 12 months. Nvidia shares were down 6.6 …Nvidia stock could pause as […]
Bloomberg Snap, Blue Apron Fall Flat as the Incumbents Smash the UpstartsBloombergSnap Inc. and Blue Apron Holdings Inc. are learning it's hard to make the case to public markets that you're the scrappy, young disrupter of large incumbents when your own user growth is slowing. The two companies reported disappointing earnings …It's over for tech start-ups […]
Fortune Applebee's Will Close at Least 105 Restaurants This YearFortuneDineEquity had previously expected to close 40 to 60 restaurants this year, making the new forecast a significant jump. The closures will be based on several criteria, including franchisee profitability, operational results and meeting the brand's …Up to 160 Applebee's and IHOP restaurants could close in […]
Business Insider Snap misses across the board for Q2 earnings, stock gets whackedBusiness InsiderSnapchat maker Snap Inc. missed Wall Street's expectations for its second quarter as a public company, sending its stock diving more than 16% in after-hours trading to an all-time low. The number of daily Snap users only increased by 7 million from […]
New York Times Questions Emerge Over What Wisconsin Must Give for Foxconn PlantNew York TimesIn Wisconsin, the Assembly Committee on Jobs and Economy met last week at the State Capitol in Madison to discuss the deal for Taiwan-based Foxconn. Credit Mark Hoffman/Milwaukee Journal-Sentinel, via Associated Press. PARIS, Wis. — When Gov.Editorial: R&D center great catch […]
TechCrunch Amazon could start selling event tickets in the USTechCrunchAmazon might get into event ticket sales, according to a new report from Reuters. The commerce giant has eyed the space, which is largely dominated by Live Nation's Ticketmaster in the U.S., and found it a space for plenty of potential opportunity …Amazon looks to challenge […]
New York Times Uber Investor Sues Travis Kalanick for FraudNew York TimesA lawsuit filed against Travis Kalanick, Uber's former chief executive, claimed that he failed to disclose a pattern of misbehavior and impropriety inside the company while he was its leader. Credit Wang K'aichicn/Visual China Group,via Getty Images.Benchmark is suing Travis Kalanick (and Uber) over […]
Fortune How Macy's Plans to Fix Its Beauty Products BusinessFortuneDespite a shallower drop in second-quarter comparable sales, Macy's (m) took a massive beating on Thursday on signs that the department store is still far from figuring its way out of the retail abyss it finds itself in. Shares were down 9% in mid …The big […]