Tesla is interested in opening a factory in China to begin building its all-electric vehicles in the country, the company revealed this week. But before fans of American manufacturing start getting worried, know that this isn't about Tesla looking for a cheaper workforce or anything like that. Instead the car maker is looking to improve its appeal among buyers by making the vehicles more affordable for the local market.
Comcast, one of the most hated companies in America, is at the heart of a new controversy after one small Texas telecom accused it of using sabotage methods to drive the company out of business. Comcast and some of its contractors were recently sued by Telecom Cable owner Anthony Luna, according to Courthouse News, alleging that Comcast cut Telecom's underground cables. Per the lawsuit's allegations, Comcast is said to have cut the cables faster than Telecom was able to repair them, and a mere 6 weeks later the company was forced to close up shop.
The writing has been on the wall for months now, so it should really surprise no one that Uber's controversial CEO is stepping down. Of course, that doesn't mean he's completely out of picture, as he still serves on the company's board. It, however, also doesn't translate to an immediate recovery for the embattled ride hailing service, whose woes, not to mention lawsuits, will proceed even without Kalanick at the helm.
Microsoft has teamed up with Accenture to provide legal digital identification to more than a billion people throughout the world who do not have any official documentation. During the second ID2020 summit in New York yesterday, both companies showed off a prototype version of this digital ID network, helping further the UN's plan to get legal ID in place for everyone around the globe.
An Apple internal briefing titled 'Stopping Leakers - Keeping Confidential at Apple' has leaked, revealing the company's efforts to stop employees and others in the know from revealing the company's secrets to the public. The briefing was leaked in the form of a recording, according to the company that acquired it, and it is an hour in length. The recording details the means by which Apple attempts to stop leaks before they happen, as well as how it tries to root out leakers who give company information away to competitors and press.
Today Amazon confirmed that it intends to acquire grocery chain Whole Foods. This news comes just hours after Whole Foods' CEO John Mackey indicated that he would resist such a buyout. Amazon is prepared to pay a ton of money to make Whole Foods part of its portfolio, which may have had a hand in changing Mackey's mind.
It looks like cloud storage provider Box wants to take the fight to companies like Microsoft and Google. Today the company announced the launch of Box Drive, putting it a better position to compete with other services like OneDrive and Google Drive. If you're familiar with either of those, then you already have a good understanding of what Box Drive will do.
In early April, it was revealed that GameStop's website may have fallen prey to hackers, and now the company has confirmed the report. Some GameStop customers are receiving notices from the company advising them of a 'security incident' that affected its website. Customers may have been affected by this security breach, assuming they placed orders on the website during the vulnerable period of time.
Yahoo's shareholders approved the long-standing buyout offer from Verizon today, so before long, we'll see Yahoo's core business absorbed into the wireless giant. What's the first move once Yahoo is under Verizon's umbrella? Layoffs. New reports today are claiming that we could see thousands of people laid off once the acquisition is complete.
Back in February, we heard word that Samsung was considering building an appliance factory in the United States, something reportedly planned in light of worries about import taxes being implemented by the Trump administration. A short while later, sources cropped up claiming that the appliance factory would likely be in either Alabama or South Carolina, and now an update on that has surfaced, with new sources stating that the Korean company has chosen South Carolina.
Walmart just made a surprise announcement -- it has launched a drive-up 'kiosk' in Oklahoma City, one where customers are given their groceries in a pre-assembled package via an automated system. The actual shopping part of the buying arrangement is completed ahead of time via the company's website in the comfort of your home or office. If all this sounds familiar, that's because it is: Amazon is working on something similar, having just launched its own drive-up grocery store in Seattle.
As the world's largest online retailer, Amazon has already managed to find success outside of North America, including countries like the UK, Germany, and Japan. But now it seems the company's next target is Australia, a country that has yet to fully embrace online shopping, and where physical retail stores still dominate consumers' shopping habits.
