Category: Business
SmugMug Buys Flickr Vowing to Revitalize Photo Service
0Flickr was purchased by SmugMug the photo-sharing and storage Silicon Valley company. CEO at SmugMug Don MacAskill says he is committed to putting new life into the social ...
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P&G Buying Consumer Health Business from Merck
0Proctor & Gamble Co. has agreed to acquire Merck’s consumer healthcare business for €3.4 billion equal to approximately $4.2 billion, giving the consumer products maker ...
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Netflix Stock Surges Following Addition of Two Million Subscribers
0Netflix was able to add many more subscribers than was expected during the first quarter of 2018 and posted earnings for the quarter that were in line with Wall Street ...
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General Motors Cuts Hundreds of Jobs at Plant in Ohio
0General Motors has started to cut hundreds of job at its Lordstown, Ohio plant as the carmaker makes adjustments to much slower demands for new vehicles. The auto plant, which has ...
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Several Bids of $1 Billion Offered for Asia Toys R Us Unit
0Prospective buyers have submitted several bids in excess of $1 billion to Toys R Us for the bankrupt company’s majority stake in its Asia business, said a lawyer representing the ...
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Tesco Domestic Market Helps It Beat Profit Forecast
0On Wednesday, the announced 28% increase in profit for the full year at Tesco surpassed expectations helped from a strong end to its year at home, underlying the recovery for the ...
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Shares of Bayer Surge As Report Says Antitrust Deal Reached
0Shares of Bayer were up over 5% on Tuesday after a report was published that said the U.S. Department of Justice would allow Bayer, the drugs and pesticides company based in ...
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Trade War Between U.S.-China Could Hurt Carmakers in Germany, Tesla and Ford
0As trade tensions escalate between the U.S. and China many companies could be hit with production declines such as luxury SUV makers from Germany that make vehicles in the U.S. ...
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General Motors Stopping Monthly Sales Reports
0General Motors said it would start reporting its sales for the U.S. at the end of each quarter rather than the end of every month and March’s monthly sales report would be its ...
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Airbnb Handing Over Guest Information to Authorities in China
0Airbnb will begin sending the government of China information about its customers that book accommodations in that country. The data Airbnb will share with Chinese authorities ...
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