Business

Aug10, 2017

Disney’s quarterly report provides information on ABC-BPI settlement

In September 2012, South Dakota meat processor Beef Products, Inc. (BPI) sued ABC for defamation over the news agency’s reports concerning a meat additive called Lean Finely Textured Beef (LFTB), which became widely known as “pink slime” following ABC’s story. The…
Aug10, 2017

Tesla’s semi-truck will be electric, Autonomous

Tesla will meet with the California and Nevada Departments of Motor Vehicles to talk about testing a semi-truck in those states, Bloomberg reported Wednesday.  In April, CEO Elon Musk tweeted that the company planned to “unveil” an electric semi-truck in…
Aug10, 2017

ASOS to build $40 million warehouse in Atlanta, GA

ASOS, a British online fashion and beauty store, released a statement announcing plans to build a new warehouse in the United States on Tuesday, August 8, Business Insider reports. The giant e-commerce fulfillment center will be located in Union City,…
Aug09, 2017

Disney and Netflix are about to fight over the kids

Over the past few years, Netflix has invested heavily in original movies and TV shows which are available exclusively on Netflix. This content works to attract new customers who want to find out what the House of Cards hype is all about. And it makes existing…
Aug09, 2017

CVS, Walgreens sued over inflated copays

Megan Schultz of California sued CVS Health Corporation, the US’s largest pharmacy chain, Monday, accusing the company of charging excessive copayments for certain medicines, The Boston Globe reports. Schultz says she paid a $166 copay for a drug for which she…
Aug09, 2017

Investors bought exclusive community in San Francisco–and residents didn’t even know

The 35 mega-mansions on Presidio Terrace in San Francisco each cost many millions of dollars. They have been homes to some of Washington’s political elite, including House Democratic leader Nancy Pelosi and California senator Dianne Feinstein. In 2015, Michael Cheng…
Aug08, 2017

SoftBank Looks to Make Inroads Into US Ride-Hailing Sector

SoftBank CEO Masayoshi Son has indicated intentions to make inroads into the US ride-hailing market with a multi-billion dollar investment in Uber or Lyft, CNN’s Sherisse Pham reports. At a news conference Monday, Son said his company was “definitely interested”…
Aug08, 2017

Pilotless Planes on the Horizon; Airlines Eye Huge Savings

The technology needed for planes to fly 100 percent autonomously, with no input from a human pilot, could be viable as early as 2025, Ivana Kottasova of CNN reports. Taking pilots off of the payroll could save the airline industry…
Aug07, 2017

Cannabis Company Purchases an Entire Town in Eastern CA

According to an Associated Press report published by Business Insider, cannabis company American Green, Inc. announced Thursday that it is in the process of purchasing the entire town of Nipton, CA, which spans 80 acres and is home to less…
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