THE BIZNOB – Global Business & Financial News
The Spanish Data Protection Agency (AEPD) has fined Facebook €1.2 million (just under $1.44 million) for three violations of data protection laws, TechCrunch reports. The two less serious infractions carry fines of €300,000; the more serious one would cost the social networking giant €600,000. The AEPD’s investigation found that Facebook’s privacy policy contains “generic and...
IBM will spend $240 million to fund a Watson-branded AI research lab at MIT, CNBC reports. At the facility, MIT and IBM researchers will collaborate to create AI algorithms, optimize...
A recent study conducted by the RAND Corporation suggests that delaying the start of the school day until 8:30 a.m. could boost the U.S. economy by $83 billion over the...
Tuesday, Lego reported a decline in revenue for the first time in 13 years, The LA Times reports. Net profit also fell. The company’s revenue over the first half of...
Carpooling service Via just completed a funding round, the proceeds of which the company intends to use to expand its service in the U.S. and to establish a presence in...
Monday, the Chinese government banned the practice of creating and selling new cryptocurrencies, Reuters reports. With the rise of Blockchain technology, initial coin offerings (ICOs)—which give investors the opportunity to...
Friday, the U.S. Labor Department released hiring and unemployment data for August, The New York Times reports. Employers created 156,000 jobs last month—less than analysts expected. Employers added more than...
A number of organizations have released estimates of the costs of Harvey’s destruction, The Washington Post reports. If the figures are accurate, Harvey will rank among the costliest storms ever...
A photo taken at a Best Buy in Houston after Hurricane Harvey shows 12-packs of Smart Water listed for $29.98 and 24-packs of Dasani water advertised at $42.96. The photo...
As Uber takes steps to recover from a string of allegations that called its corporate ethics into question, competing ride-share service Lyft is anxious to establish itself as a viable...
Tuesday, Cummins, an Indiana-based manufacturer of diesel and natural gas engines for commercial trucks, unveiled a fully-operational, one-hundred-percent electric truck cab, forbes.com reports. The company plans to begin selling the...
