Economy news

General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)

General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)

General Electric has announced the planned sale of its appliance unit to Chinese manufacturer Haier for $5.4 billion in cash. The deal also includes the 48.4 percent stake that GE Appliances owns in Mexican appliance company Mabe. The transaction is expected to close in mid-2018. The purchase must passes regulatory […]

Ashley Madison Rebounds with Millions of New Users

Ashley Madison Rebounds with Millions of New Users

They say that no publicity is bad publicity and for Ashley Madison, the site for men who want to have an affair that might very well be the case. A massive breach of data that exposed information of millions of spouses who were unfaithful apparently has not kept the site […]

GM Purchases Ride-Hailing Sidecar’s Assets

GM Purchases Ride-Hailing Sidecar’s Assets

General Motors has increased its expertise in the ride-sharing/hailing arena. The Detroit-based automaker hired some employees and purchased the assets of recently shuttered Sidecar Technologies, a ride-sharing/hailing company that closed last month. According to a company statement, GM has hired employees of Sidecar to integrate them into the urban mobility […]

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora and other free Internet radio services will be required to pay record companies more for the next five years. In a decision closely watched by the music industry and Wall Street, a panel of federal judges, the Copyright Royalty Board, increased the royalties that those companies must pay for […]

Macy’s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)

Macy’s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)

Macy’s executives are not happy with the way the 2015 holiday season went. The company reported that its stores suffered a significant sales decline during the holiday season. Sales at stores open at least a year fell 4.7 percent in November and December, compared with the totals reported during the […]

United Reintroducing Free Snacks for Economy Passengers

United Reintroducing Free Snacks for Economy Passengers

Months after it announced a new Chief Executive who promised to hear feedback from customers, United Airlines responded, it will reintroduce free snacks beginning in February. Breakfast snacks, which the airline calls a small piece of caramel heavy between crispy wafers, are amongst the free snacks that United will be […]

Tesla Going On A Hiring Spree

Tesla Going On A Hiring Spree

Tesla has announced that the company would be hiring thousands of new employees over the next few years. Many of these new hires will be based in California and employed on the company’s projects to build an autonomous car. The company currently has about 14,000 employees, more than 14 times […]

TAG Heuer Connected Has Production Increase Due to Demand

TAG Heuer Connected Has Production Increase Due to Demand

One month ago, when TAG Heuer Connected was first launched, there were some people wondering if there was a market for a luxury Android smartwatch that cost $1,500. Apparently, the answer is yes since TAG Heuer said it must increase its production for the watch to meet its demands.