Andrew Mason, founder of Groupon, has a latest startup called Detour, where he is trying to build a new kind of GPS-based neighborhood walking tour.
A business unit of Citigroup will pay $5 million to settle civil charges that one of its private trading venues violated federal law by failing to protect its clients’ confidential trading data, U.S. regulators said Friday.
The world’s largest online social network posted sharply higher earnings Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. The company’s shares climbed nearly 4 percent in extended trading, signaling that they could hit a record high when the stock market opens Thursday.
Apple faces a class-action lawsuit brought by former Apple retail and corporate employees who claim they were denied rest periods and are owed back wages.
It was the first time since October 2012 that no respondents reported declining wages at their firms. The economists represented a broad spectrum of businesses, including goods-producing, transportation, finance and services industries.
GE reported $36.2 billion in second quarter revenue, up 3% from the prior-year period and falling roughly in line with what Wall Street analysts had expected. Net income came in at $3.5 billion, up 13% from the same time in 2013 and resulting in earnings of 35 cents per share on a GAAP basis. Excluding special items — like the effect of discontinued operations — GE reported an earnings-per-share figure of 39 cents, a result that falls in line with the analyst consensus.
Microsoft is planning to layoff more than 18000 employees,not only from their Nokia division but also from their Redmond campus in Washington state. Microsoft is also imposing a mandatory 6-month break after working for the company for 18-months for all of their “external employees”.