Biz/Tech
Blackberry to End Losing Streak by End of 2016 Fiscal Year
An analyst has estimated that Blackberry's recent cost cutting measures will yield results only by end of Fiscal 2016.
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Lufthansa Pilots Strike Cancels 3,800 Flights Wednesday, Thursday, Friday
Lufthansa pilots are upset over modifications to pension and retirement benefits. You may want to change your travel arrangements after Lufthansa Airlines canceled 3,800 because of upcoming protests from company pilots towards the end of the week.
Italian Prime Minister Matteo Renzi Auctions 151 Luxury Cars on eBay
To cut government costs, Italian PM Matteo Renzi put up luxury cars including Jaguars and Maseratis on ebay.
Fullscreen Buys Videogame Media Company ScrewAttack
Fullscreen, one of YouTube’s largest multichannel networks (MCN), has bought videogame media company ScrewAttack. The acquisition is the first time that Fullscreen has ever bought a content creator.
BMW to Spend $1 Billion on Expanding South Carolina Factory
BMW said Friday that it will be investing $1 billion on production at its plant in Spartanburg, S.C. over the next two years. The money will be spent on production of two of BMW’s X-series vehicles.
Toyota Announces Recall of 125000 Cars Worldwide
After discovering a fault in the electric circuit deploying airbags in its Avalon Sedans made in 2003-2004, Toyota announced the recall.
Movie Theaters to Possibly Bring Down Ticket Prices
The National Association of Theater Owners (NATO) announced they will test discounted ticket prices in order to increase attendance at movie theaters. The Motion Picture Association of America (MPAA) released a report Tuesday that said domestic movie box-offices sales grew from $10.8 billion in 2012 to $10.9 billion in 2013. However, the increase was not because attendance, but because of higher ticket prices.
Blackberry Revenue: CEO Slashes Cost Base For Stable Finances in March 2015
Blackberry's CEO John Chen cut its cost base 64 percent Friday. Blackberry CEO John Chen trimmed down costs Friday resulting in the company's tallying losses that were less than predicted at 64 percent Reuters reported.
Amazon Streaming Service: Online Retailer Not Unveiling Program, Further Developing Other Components
Amazon is not releasing a streaming program. Amazon has no plans to unveil a streaming service according to information from the online retailer The Wall Street Journal reported Friday.
Facebook to Build Drones and Satellites for Global Internet
Facebook, Inc. announced Thursday that it looks to bring internet connection to people around the world through drones, satellites and lasers. Facebook CEO Mark Zuckerberg said the technology will be developed by a team called the Facebook Connectivity Lab.
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