Toshiba selling its PC business to Sharp in $36 million deal
Toshiba is selling its PC business to Sharp in a $36 million deal.
Under the agreement, Sharp, which was acquired by Foxconn in 2016 for...
Airlines face rising fuel and labour costs in 2018
Major airlines will see their profits affected by rising fuel and labour costs, said the International Air Transport Association (IATA).
IATA is a trade association...
Howard Schultz is stepping down as chairman of Starbucks
Howard Schultz, executive chairman of Starbucks, is stepping down from his role, effective June 26.
Schultz served as the coffee giant’s CEO from 1986-2000 and...
Australia’s Commonwealth Bank agrees to pay $700 million fine
Australia’s Commonwealth Bank has agreed to pay a A$700 million fine to settle money laundering charges.
Last year Australia's financial intelligence agency accused the bank...
Microsoft is reportedly acquiring GitHub
Microsoft has reportedly agreed to acquire the software development platform Github.
According to a report by Bloomberg, the deal could be announced as soon as...
Facebook losing popularity among US teenagers, Pew research reveals
According to new research from the Pew Research Center, the percentage of teenagers using Facebook has plunged over the past few years.
Only 51% of...
Bungie to self-publish new games after $100 million investment from NetEase
Bungie, the studio behind the video game franchises Halo and Destiny, announced a new partnership with the Chinese online gaming company NetEase.
According to The...
EU trade commissioner says US is playing a “dangerous game” with steel tariffs
The European Union's trade commissioner warned that the US is playing a “dangerous game” by slapping tariffs on European steel and aluminium.
Cecilia Malmström said that...
US unemployment rate drops to 18-year low of 3.8%
The US unemployment rate dropped to 3.8% in May, an 18-year low, as employers added 223,000 jobs.
The number of people unemployed dropped to 6.1 million.
The...
Sears announces 63 store closures after plunge in first quarter sales
Sears Holdings released a list of 63 stores that it will be closing after reporting a 31% drop in sales in the three months...