Michael Smith
Latest News
Apple's New Command Center In Arizona Promises $2 Billion Investment Over Next 30 Years
Apple has announced that it will construct a global operations command center based in Mesa, Ariz. that promises a $2 billion investment over the course of 30 years, USA Today reports.
Gap Removes Creative Director Role In E-Commerce And Marketing Restructuring
Gap Inc. has removed its chief marketing officer positions for the Gap and Banana Republic brands, Bidness ETC reports.
AOL Plans To Fire 150 Workers And Combine Two Websites
AOL Inc. is planning to fire about 150 workers and combine two of its websites into the tech homepage Engadget, a source close to the company disclosed to Bloomberg News.
Time Warner Cable Loses 38,000 Residential Video Customers In Fourth Quarter
Time Warner Cable lost 38,000 residential video customers in the fourth quarter of financial year 2014, Reuters reports, reporting low revenue rates in an increasingly competitive media market.
Shell Announces Plans To Make ‘Enormous’ Spending Cuts
Royal Dutch Shell has announced that it plans on slashing spending by scaling back its planned capital investment by $15 billion over the next three years, CNN reports.
Facebook Executives Announce E-Commerce Market And Mobile Strategies Prospects
Facebook executives recently revealed plans to boost the company's e-commerce market and mobile strategies partnerships, with an emphasis on increasing value for businesses on both regional and global levels.
McDonald’s President And CEO Don Thompson Steps Down Amid Financial Woes
McDonald's announced on Wednesday that Don Thompson will step down as president and chief executive officer of the company and will be replaced by Steve Easterbrook, the franchise's current chief brand officer.
IBM Dispels Rumors Of Mass Layoffs Affecting 26 Percent Of Workforce
IBM dispelled rumors on Monday mentioning that the technology company is preparing for a mass layoff affecting 26 percent of its workforce.
Uber Announces Increased Fares And Wait Times In New York City Throughout Snowstorm
Uber has announced that commuters should expect increased fares and wait times in New York City as the ongoing winter snowstorm persists along the East Coast of the United States.
Online Storage Company Box Inc. Begins Trading On New York Stock Exchange
The online file sharing star-up company Box begins trading on the New York Stock Exchange on Friday, with shares priced at $14.
Sharp Corporation Shares Drop After Report Predicts Unfavorable Earnings
The Japan-based Sharp Corporation experienced a drop in shares on Monday following the publication of a report mentioning that the company will receive unfavorable earnings in the fiscal year ending in March, the Financial Times reports.
Uber Promises 50,000 New Jobs In Upcoming Partnerships With European Cities
Uber Chief Executive Officer Travis Kalanick recently announced at a conference in Munich that the company could create 50,000 jobs in a new partnership with European Cities, Pulse reports.
Ten Media Corporations Form Coalition To Test Drones For News Gathering
Ten United States-based media organizations announced on Thursday that they will form a coalition aimed at testing drones for news gathering in a partnership with Virginia Tech University.
Target Closes 133 Store Locations In Canada After Losing Over $2 Billion In Expansion Plans
Target announced on Thursday that it will close its 133 store locations in Canada due to an unfavorable market environment exacerbated by misguided pricing strategies and unreliable distribution networks.
Chipotle Mexican Grill Shares Fall Following Announcement To Stop Serving Pork
Chipotle Mexican Grill announced earlier this week that it would stop purchases from a pork producer accused of violating animal welfare regulations and has since suspended the sale of pork-based products.