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Uber New York Faces Push Back from Upstate

Localities banned Uber New York and Lyft outside the New York City area. Alaska and New York remain the only places without statewide ride-hailing...
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Walmart Bought ModCloth in $50 million Plus Deal

Wal-Mart Stores Inc NYSE: WMT Walmart bought ModCloth, a clothing retailer. The physical retail giant wants to buy smaller online brands to combat Amazon.  Walmart did...
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Standard and Poor’s Cuts Toshiba Credit Rating

Toshiba Corp TYO: 6502 Standard and Poor's cut Toshiba's credit rating today. Standard and Poor's expressed caution regarding the company's money. Toshiba's stockpiles are going down the...
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Lyft Drivers Settles Lawsuit With Company

Lyft will pay $27 million to resolve a class action lawsuit filed by Lyft drivers in California. The ride-share company wanted to pay only...
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Amazon Prime Air Closer to Take Off in U.S.

Amazon conducted a test of Amazon Prime Air in the U.S. The online retail giant delivered a small box of sunscreen bottles to a...
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Tesla Inc Shares Bought by Tencent for $1.78B

Tencent Holdings Ltd, a Chinese company, purchased nearly $2 billion of Tesla Inc shares. This represents nearly 5 percent of company. This marks the...
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Sears Holdings Corp Downplays Financial Woes

A Sears Holdings Corp official said predictions of the company's meltdown are based on an incomplete picture. The statement came from Howard Riefs, Sears...
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Toshiba Westinghouse Bankruptcy Moves Forward

Toshiba Westinghouse decided to declare Chapter 11 bankruptcy for its Westinghouse unit recently.  The bankruptcy will take place on March 31. Different sources reported the company...
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Samsung Electronics Will Not Change Structure

Samsung Electronics Co Ltd will not change its organizational structure to that of a holding company for now. U.S. activist hedge fund Elliot Management...
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POSaBIT: Bitcoin Can Now Buy Legal Cannabis

Bitcoin has come a long way since it was announced in 2009. We have seen the number of users, price and value grow significantly in...