Amazon played hardball with Whole Foods and won. Thomson Reuters Whole Foods courted seven separate potential deal partners. The company read a news story about Amazon’s interest and reached out after feeling the heat from activist investors. Amazon played hardball, demanding secrecy and nearly walking away after Whole Foods made a $45-per-share counteroffer. The day […]
United is apologizing once again after this time giving up the paid seat of a toddler to a passenger on standby. FG/Bauer-Griffin/GC Images hide caption toggle caption FG/Bauer-Griffin/GC Images United is apologizing once again after this time giving up the paid seat of a toddler to a passenger on standby. FG/Bauer-Griffin/GC Images United Airlines is […]
The job cuts come after Microsoft last week described a sweeping realignment of its sales and marketing arm, which employs about 50,000 people worldwide. Advertisement Continue reading the main story At the time, there were reports that “thousands” of jobs might be eliminated. CNBC reported on Thursday that “up to 3,000 jobs” would be cut […]
“Our customers are asking more and more about electric cars,” Hakan Samuelsson, the chief executive of Volvo, said in a telephone interview on Wednesday. While Volvo’s strategy has risks, Mr. Samuelsson acknowledged, “a much bigger risk would be to stick with internal combustion engines.” Advertisement Continue reading the main story Though based in Sweden, Volvo […]
A divided Federal Reserve policy committee couldn’t reach an agreement in June on the timing of when to begin shrinking its massive balance sheet, according to minutes of the meeting. “Several preferred to announce a start to the process within a couple of months,” the minutes of the June 13-14 meeting released on Wednesday in […]
Dave McClure of 500 Startups speaks onstage during TechCrunch Disrupt SF 2015 at Pier 70 on September 23, 2015 in San Francisco, California. (Credit: Steve Jennings/Getty Images for TechCrunch) Following a surge in allegations of sexual misconduct by tech VC Dave McClure, both McClure and business partner Elizabeth Yin have announced they’re parting ways with the firm, if […]
An appeals court Monday struck down the Environmental Protection Agency’s 90-day suspension of new emission standards on oil and gas wells, a decision that could set back the Trump administration’s broad legal strategy for rolling back Obama-era rules. In a 2-to-1 ruling, the U.S. Court of Appeals for the District of Columbia Circuit concluded that […]
Drivers will be able to get behind the wheel of Tesla’s new Model 3 at the end of the month, the company’s chief executive announced early Monday in a series of tweets. The long-awaited electric car that’s priced for the mass market is expected to roll off the factory floor on Friday, Elon Musk said. Musk […]
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The Department of Homeland Security has removed one city and airline from the electronics ban after Abu Dhabi International Airport and Etihad met the new elevated security standards that the department announced last week, CBS News transportation correspondent Kris Van Cleave reports. In a statement, the Department of Homeland Security said Etihad Airways has been “granted […]
