News and Trends

Report: Robots Will Cause the Loss of 5 Million Jobs by 2020
Robots

Report: Robots Will Cause the Loss of 5 Million Jobs by 2020

Women will be the biggest losers as their jobs are often concentrated in low-growth or declining areas such as sales, office and administrative roles, the report said.
This New Crowdfunding Platform Lets Fans Invest in Music Artists' Success
Ready To Launch

This New Crowdfunding Platform Lets Fans Invest in Music Artists' Success

TapTape bets on fans to be the most knowledgeable and passionate investors.
Alice Guilhamon
Drunken Exec Who Punched Uber Driver in Viral Video Is Suing the Driver for $5 Million
Lawsuits

Drunken Exec Who Punched Uber Driver in Viral Video Is Suing the Driver for $5 Million

The former Taco Bell exec who became infamous for assaulting his driver says it isn't his fault and the driver has to pay.
Ray Hennessey
Chipotle to Close All Stores for One Day in February
Chipotle

Chipotle to Close All Stores for One Day in February

The company's sales plunged 30 percent in December, following at least six outbreaks tied to Chipotle in the last year, including norovirus, E. coli and salmonella.
Wal-Mart Pulls Plug on Smallest Store Format, Shuts 269 Stores
Wal-Mart

Wal-Mart Pulls Plug on Smallest Store Format, Shuts 269 Stores

The move comes three months after Chief Executive Officer Doug McMillon disclosed plans to review the retailer's global operations and shut underperforming stores.
This Robot Is Like a Chauffeur for Slow Sperm
Business Accelerated

This Robot Is Like a Chauffeur for Slow Sperm

This new method of fertilization is the latest discovery in a rapidly expanding field of microrobots being built for navigating the human body.
GE to Sell Appliances Business to China's Haier for $5.4 Billion
General Electric

GE to Sell Appliances Business to China's Haier for $5.4 Billion

The giant's $3.3 billion-proposed deal with Electrolux fell through following months of opposition from U.S. antitrust regulators.
American Apparel Rejects Takeover Bid Led by Fired Founder
American Apparel

American Apparel Rejects Takeover Bid Led by Fired Founder

Earlier this week, the Los Angeles-based company received a $300 million bid from a group of investors who are backing the return of Dov Charney.
Amazon Expands Logistics Reach With Move Into Ocean Shipping
Amazon

Amazon Expands Logistics Reach With Move Into Ocean Shipping

Its new status as a freight forwarder, or "non-vessel operating common carrier," gives Amazon, the world's largest online retailer, a foothold in the $350 billion a year ocean freight business.
Prominent Bitcoin Developer Declares the Digital Currency a Failure
Bitcoin

Prominent Bitcoin Developer Declares the Digital Currency a Failure

'The fundamentals are broken and whatever happens to the price in the short term, the long-term trend should probably be downwards,' developer wrote.
Kia Kokalitcheva
Uber's Fight to Win China
Weekly News Roundup

Uber's Fight to Win China

This quick news recap will keep you "in the know" this weekend.
Catherine Clifford
4 Valuable Takeaways From the Sale of 'Barstool Sports'
Selling a Business

4 Valuable Takeaways From the Sale of 'Barstool Sports'

Yes, this Beantown icon has moved to Manhattan. Yes, it's been sold. But the founder earned millions. So, stop complainin', Stoolies.
Jonathan Long
A Startup That Aims to Get Teens Talking on the Phone Raised $2.2 Million
Tech Startups

A Startup That Aims to Get Teens Talking on the Phone Raised $2.2 Million

All calls on Unmute are broadcasted live, so anyone can tune in and listen to the call via the iPhone app or the web.
Google's Eric Schmidt Has Just 15 Minutes With the Pope This Friday
Google

Google's Eric Schmidt Has Just 15 Minutes With the Pope This Friday

We don't know what they will be discussing, but the Vatican has been increasingly tech-savvy during Francis's tenure.
Nina Zipkin