Biz/Tech
Gogo's Next Generation In-flight Internet Technology Ready for Takeoff, Gets FAA Clearance
Xcel to Take Ownership of Geronimo's Wind Farm Project, North Dakota Regulators Granted Approval of the Transfer
Boeing to Layoff Hundreds in its Satellite Business, Due to Delays in Commercial Satellite Orders
Boeing Co., plans to cut several hundred jobs in its satellite business by the end of 2015, due to delays in commercial satellite orders, according to a report from Reuters.
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Sears Appoints Former J&J Exec to Turnaround Flagging Brands
Sears Holdings Corp. has created a new position to be occupied a former Johnson & Johnson executive, who is tasked to turn around several of the retailer's struggling brands, Reuters reported.
Belk Agrees to be 100% Purchased by Sycamore for about $3 Billion, Tim Belk to Remain CEO
Belk, Inc., has announced that it will be 100 percent owned by Sycamore Partners for a transaction that is valued at approximately $3 billion, according to a press release issued by Belk.
Netflix Partners with Softbank, for Japan Launch of TV Streaming Service
Netflix, Inc. has announced that it has partnered with SoftBank Corp., Japan’s leading mobile provider, to exclusively offer a fully integrated Netflix experience, including billing, according to a press release issued by Netflix.
Southern Co. to Buy AGL for $12 Billion, Create 2nd Largest Utility Company in the U.S.
Southern Company, the premier energy company will be acquiring AGL Resources for approximately $12 billion, including debt, according to a press release issued by AGL.
Pfizer Gets FTC Approval for Hospira Acquisition But Must Divest Seveal Sterile Injectible Assets
Pharmaceutical giant Pfizer Inc. said on Monday it has secured U.S. regulatory clearance to acquire smaller rival Hospira Inc., but must first sell several of its sterile injectable drugs business.
Apple CEO Assures Investors Business in China Remains Strong as Market Slows, Stock Drops
Apple Inc. Chief Executive Tim Cook gave a rare mid-quarter update on its business performance in China saying sales there strongly grew in July and August to assure investors that the company has not been affected by the slowing economy there.
Apple to Recall Some Iphone 6 Worldwide to Fix Cameras Taking Blurry Photos
Apple Inc. will implement a worldwide recall of iPhone 6 smartphones to fix for free back cameras found to be taking blurry photos.
'The Last Of Us 2' Release Date To Introduce All New Characters? Voice Actor Troy Baker Weighs In
'The Last Of Us 2' Release Date To Introduce All New Characters? Voice Actor Troy Baker Weighs In
China Market Crash, U.S. Dollar Retreat Send Shockwaves Across the Globe
Markets across the world swooned on Monday after the sharp fall of China's stock market combined with the slide of the U.S. dollar spooked investors across the globe to selling their holdings.
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