United Auto Workers End General Motors Strike

The United Auto Workers (AUW) have agreed to a newly ratified four-year labor contract with General Motors (GM). This will bring their 40-day union strike, which has cost the automotive company over $2 billion, to an end. The union has about 48.000 members, many of which are expected to return to work soon, a clear […]
  • Vladimir Sumina
  • November 11, 2019
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Amgen Buys 20% Stake of BeiGene for $2.7 Billion

Amgen, a prominent biotechnology company, recently announced that it will be investing $2.7 billion into Chinese biotech company BeiGene. This way, they will buy out 20.5% of the company. Some of Amgen’s cancer drugs will be commercialized through BeiGene and will be sold on the Chinese market through them. 20 new cancer drugs are expected […]
  • Vladimir Sumina
  • November 2, 2019
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Birchbox CEO Looking Towards Next Phase of Growth

Founded in 2010, Birchbox is a flat monthly fee subscription service that offers its customers six specially selected curated beauty products. CEO Katia Beauchamp and co-founder Hayley Barna were initially having a lot of problems with convincing brands to join their program. Katia remembers how it was: “The story I always remember is going in […]
  • Vladimir Sumina
  • October 27, 2019
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Tesla Chairwoman Robyn Denholm Praises Elon Musk’s Plans

According to Tesla Chairwoman Robyn Denholm, the “audacious goals” that CEO Elon Musk has set forth have helped the success of the company. Denohlm recently said: “To achieve what Tesla has achieved over the last five years, over the last 10 years, you have to set audacious goals and big goals … and then have […]
  • Vladimir Sumina
  • October 26, 2019
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Vans and Tiffany Are Cautionate Because of Hong Kong Protests

Vans, a US-based sports brand, has removed what they say are a “small number” of submissions for their sneaker design competition because one of them gave a positive shout out to protests that are currently going on in Hong Kong. Companies are afraid of angering China. Case in point – Tiffany & Co. recently deleted […]
  • Vladimir Sumina
  • October 11, 2019
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Walmart Will Sell ModCloth to Go Global Retail

Walmart is planning on selling ModCloth, their online apparel store which they bought in March of 2017 for an undisclosed amount, to Go Global Retail. Go Global’s Jeff Streader said: “We believe that together with current management, ModCloth has the ability to become a stronger player in the premium fashion market, nationally as well as […]
  • Vladimir Sumina
  • October 11, 2019
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Former CEO of Uber Leads the Rise of Ghost Kitchens

Travis Kalanick, the former CEO of Uber, could very well wind up being more famous for his ghost kitchens than as his stint as Uber’s CEO. He has joined companies like GrubHub and DoorDash is making waves in the restaurant industry through third-party food preparation and delivery. Corey Manicone, the co-founder and CEO of Zuul […]
  • Vladimir Sumina
  • October 10, 2019
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Disney is Optimistic about the Future Payoff from the Fox Deal

Disney CFO Christine McCarthy said that their acquisition of Fox will continue to impact their earnings all the way through their fourth-quarter. Still, the company remains optimistic about its decision to buy Fox and all their intellectual properties. Disney is primed to release their own streaming platform, Disney+, this November, in an attempt to compete […]
  • Vladimir Sumina
  • August 8, 2019
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