SFGate Google just made a big move to bring down the cost of self-driving cars (GOOG)SFGateWaymo. Google parent company Alphabet just made a big move to bring its self-driving car tech to market cheaper and faster. Alphabet-owned company Waymo has slashed the price of lidar, a key component of self-driving cars that helps them see […]
Fortune The Limited Is Closing All 250 of Its StoresFortuneWomen's apparel chain The Limited on Sunday began closing all 250 of its stores across the United States and is slashing 4,000 jobs, the latest casualty of shopping's move online and the growth of fast fashion chains. And just like Chico's, Ann Taylor …The Limited is […]
TechCrunch Uber debuts Movement, a new website offering access to its traffic dataTechCrunchUber is opening up in an area where it might make sense competitively for it to stay more closed off: The ride-hailing company's new Movement website will offer up access to its data around traffic flow in scores where it operates, intended for […]
Business Insider Inside Sears' death spiral: How an iconic American brand has been driven to the edge of bankruptcyBusiness InsiderOne morning in late 2015, on Sears' vast Illinois campus, more than a dozen employees huddled in a videoconference room on a floor dubbed "B6." There two mid-level employees were preparing a presentation for the CEO, […]
The Nation UPDATE 1-Ford plant turns 'cemetery' as Trump wrenches Mexican autosBusiness InsiderSAN LUIS POTOSI, Mexico, Jan 6 (Reuters) – Ford Motor Co's abrupt move to scrap a planned $1.6 billion car plant in central Mexico has spooked a network of suppliers who bet on a growing customer base and dramatized the risk that Donald […]
TechCrunch Tim Cook's compensation not spared as Apple misses performance goalsTechCrunchAs a result of Apple's performance based executive compensation packages, CEO Tim Cook and other leaders within the company will be taking pay cuts. Apple missed internal revenue and operating income targets for 2016 by 3.7 and 0.5 percent …Apple CEO Tim Cook's pay slumps along […]
Washington Post The Limited is closing all of its 250 storesWashington PostThe Limited has posted a message on its website saying it is closing all of its 250 stores nationwide, a move that would make the women's apparel chain the latest big-name retailer to be wounded by shoppers' growing preference for online shopping and …The […]
Wall Street Journal Theranos Slashes Staff, Voids More Test ResultsWall Street JournalTheranos Inc., facing a cash crunch, continues to cut staff and void unreliable blood-laboratory test results. The Silicon Valley company, which once promised to reshape the medical-testing industry, said it laid off 155 employees Friday. The cuts come …Theranos will shrink by almost half, […]
CNBC Dow comes within a whisker of hitting 20000; S&P, Nasdaq close at all-time highs as tech popsCNBCU.S. equities closed higher after hitting all-time highs on Friday as the technology sector led, while investors parsed through key employment data. The Dow Jones industrial average rose about 65 points, with Goldman Sachs and Walt Disney contributing […]
The Boston Globe Keurig, Budweiser team up for in-home booze machineThe Boston GlobeSign up for the Talking Points newsletter, a recap of the most important business news, delivered fresh each afternoon, Monday through Friday. Ever dream of brewing beer with the push of a button? If so, hang on to your pint, because the parent […]