Month: November 2018
Facebook says UK data was not shared; appeals fine in Cambridge Analytica case
The infamous Cambridge Analytica data-breach case took a new turn this week after Facebook (FB) defended the charges leveled by…
Trouble in Toyland could mean trouble for retailers
The retail industry is counting on the holiday season to boost their sales and rake in profits. Toys are a…
Analysis: Will the stock market be fair to Square?
Payment solutions firm Square (SQ) posted its third-quarter results earlier this month, but weak guidance for the upcoming period pushed…
Apple supplier Foxconn looks to cut costs and jobs in preparation for tough year
Foxconn Technology Group, the major supplier to Apple Inc. (AAPL), is planning to cut down costs significantly in preparation for…
GameStop (NYSE: GME) to divest its Spring Mobile unit for $700 million
GameStop (GME) to sell its Spring Mobile division for $700 million to the Sugar Land, Texas-based Prime Communications. Spring Mobile…
Data security slip-up casts shadow over Amazon’s holiday sales
The social media was abuzz with messages shared by Amazon (AMZN) customers about the exposure of their personal information on…
Retail sector may be heading to a dry holiday season
The run-up to the holiday season has never been so disappointing for the retail industry, with lackluster financial performance and…
SoftBank to invest $2 billion in online retailer Coupang
SoftBank Group Corp. is planning to invest $2 billion through its Vision Fund in South Korean online retailer Coupang. This…
IKEA Group to cut 7,500 jobs
IKEA Group looks to cut 7,500 jobs in the next couple of years, according to the company. The furniture giant…