Markets

Uber Technologies Inc (NYSE:UBER), And Lyft Inc (NASDAQ:LYFT) Opts Ballot Measure With $90 Million Gig Workers Bill To Exempt From Gig Workers Bill

Protect App Based Drivers and Services is formed by a group of couriers and drivers for DoorDash, Uber Technologies Inc (NYSE:UBER), and Lyft Inc (NASDAQ:LYFT) to get an exemption from California Gig Workers Bill. The companies would support the group to implement Ballot Measure with a funding of $90 million and hopes to pass the […]

International Auto Makers Coalition Support Trump Administration Fight Against The Right Of California Set Fuel Standards

Prominent automakers such as Fiat Chrysler Automobiles NV (NYSE:FCAU), Toyota Motor Corp (NYSE:TM), General Motors Company, and Hyundai Mtr Co are supporting Trump Administration in its fight against the right of California to set the fuel standards. The move creates a split in the automakers. Ford and Honda supports California Industry giants Volkswagen, Honda, and […]

Analysts Point Finger At Trump’s Role, But Expertise In Legacy IT Environment Helped Microsoft Corporation (NASDAQ:MSFT) Win $10 Billion JEDI Contract

Microsoft Corporation (NASDAQ:MSFT) has experience in executing several defense projects. The company can modernize the IT infrastructure using its Azure Cloud Platform. The Department of Defense favored Microsoft for the $10 billion JEDI deal over Amazon AWS because of the capability of Microsoft rationalize and manage legacy footprint. Microsoft has put in significant efforts to […]

Southwest Airlines Co (NYSE:LUV) Increases Flight Simulators To Eighteen And Will Complete Pilot Training And Briefing Rooms In Fall 2020

Southwest Airlines Co (NYSE:LUV) has completed a project, which sits on an area of 414,000 Sq. Ft., that housed pilot training facilities and a new flight operations center in 2018 with an investment of $250 million. The last year’s expansion holds two buildings: the Wings Building, and the Leadership and Air Crew Building (LACB). Southwest […]

AT&T Inc. (NYSE:T) Divests Central Media Enterprises Media Ltd To PPF Group NV For A Cash Of $1.1 Billion

AT&T Inc. (NYSE:T) is sitting on a debt pile of $166 billion at the beginning of 2019. The company initiated several measures to clear part of the debt. It has announced the sale of Central European Media Enterprises Ltd. of Warner Group to PPF Group NV, an investment firm based in the Czech Republic. The […]

Rep. Ocasio Attacks CEO Of Facebook, Inc. (NASDAQ:FB) For Allowing Misleading Political Ads: Facebook Removes A Stunt Ad

Facebook, Inc. (NASDAQ:FB) taken down an ad of a political group that falsely claims the support of Lindsay Graham, a Republican senator, for democrats proposed Green New Deal. According to a communiqué from Facebook, the ad qualifies for truth checking because it comes from a political group and not from a politician. It exhibits the […]

Tesla Inc (NASDAQ:TSLA) Begins Selling Model 3 With Autopilot In China: Tesla Races To Reach Annual Production Of 500,000 Vehicles

Tesla Inc (NASDAQ:TSLA) started selling Model 3 vehicle with an autopilot function in China from Friday. The autopilot equipped model 3 is priced at $50,310. It has discontinued the sale of Model 3 without autopilot ($46,389), the cheapest model, on its website in the country. Shares edged higher on improved quarterly profits The shares of […]

Microsoft Corporation (NASDAQ:MSFT) Wins $10 Billion Joint Enterprise Defense Infrastructure Project From Pentagon

Microsoft Corporation (NASDAQ:MSFT) has outpaced Amazon to win the $10 billion Joint Enterprise Defense Infrastructure (JEDI) Project from Pentagon. Donald Trump, the US president, and other rivals criticized the competitive bid of Amazon. Who bids on the JEDI Project? Tech giants such as IBM, Oracle, Microsoft, and Amazon have submitted their competitive bids to win […]

FDA finds Asbestos in Johnson & Johnson (NYSE:JNJ) Baby Powder Days After CEO’s Deposition

Early this month Johnson & Johnson (NYSE:JNJ) CEO Alex Gorsky said that the company’s iconic baby powder and talc did not have asbestos. Grosky was testifying in a deposition on October 3 in a case in which an Indian college retired professor claimed that the powder caused cancer. FDA finds asbestos contamination in Johnson & […]

Amazon.com, Inc. (NASDAQ:AMZN) Strikes A Deal With Health Mart, GNC, And State Stores To Expand Counter Pick Up Network In The US

Amazon.com, Inc. (NASDAQ:AMZN) has signed deals with GNC, Health Mart and State Stores to expand the Counter Pick Up network to more locations across the US. The company introduced Counter service in 100 Rite Stores in the US in June 2019 after the initial launch in Europe in May this year. Amazon is planning to […]