AT&T Launches Fake 5G Network. LafargeHolcim chief steps down after Syria investigation. Image copyright AFP.
Carlos Ghosn refocuses Nissan role. Image copyright Getty Images Carlos Ghosn is relinquishing his role as chief executive of Nissan, but will remain chairman of the Japanese car maker.
Burger King owner to buy Popeyes chicken chain for $1.8bn. Image copyright Getty Images Burger King owner Restaurant Brands is to expand its fast food empire by buying chicken chain Popeyes Louisiana Kitchen for $1.8bn (£1.45bn) in cash.
Popeyes, whose fans include pop singer Beyonce, began 45 years ago as a Southern-fried "Chicken on the Run" restaurant in a New Orleans suburb. The chain now has more that 2,600 outlets, mainly in the US. Restaurant Brands, which includes the Tim Hortons chain, has more than 20,000 outlets in more than 100 countries. Panera 2.0' Begins To Pay Off. Amazon to build $1.5bn US cargo hub. Image copyright Amazon.
Alibaba's Ant Financial buys MoneyGram for $880m. Image copyright Reuters Ant Financial, the digital payments arm of e-commerce giant Alibaba, is buying US-based MoneyGram for $880m (£700m).
MoneyGram has about 350,000 outlets in nearly 200 countries. Ant Financial has more than 630 million users. Young consumers 'expect better service' Image copyright Thinkstock Customer satisfaction is rising but experts say shoppers are having to work too hard to get complaints resolved.
A study by the Institute of Customer Service found that while businesses were improving, a half of consumers with problems had to complain more than twice to get them sorted out. The Institute also warned that empathy might be lacking when people raised problems through web chat services. Campaigners said staff training should be improved to solve customer gripes. Netflix Surges in 2016 — News, in Data. British American Tobacco takes control of Reynolds for $49bn. Image copyright Reuters British American Tobacco has agreed a $49.4bn (£40bn) deal to take control of US rival Reynolds, creating the world's largest listed tobacco firm.
The UK company has been in talks with Reynolds for months about buying the 57.8% stake it does not already own. The merger would bring together some of the tobacco industry's best-known brands, including Lucky Strike, Rothmans, Dunhill and Camel cigarettes. Choose: Unlimited or Pay-as-you-go. Day passes Single visits or bundles of visits to your chosen gym Average 20% discount to gym prices Best prices guaranteed No contracts, joining fees or inductions Cancel anytime Valid for minimum of 30 days Monthly +
Addressing Hoaxes and Fake News. By Adam Mosseri, VP, News Feed A few weeks ago we previewed some of the things we’re working on to address the issue of fake news and hoaxes.
We’re committed to doing our part and today we’d like to share some updates we’re testing and starting to roll out. We believe in giving people a voice and that we cannot become arbiters of truth ourselves, so we’re approaching this problem carefully. We’ve focused our efforts on the worst of the worst, on the clear hoaxes spread by spammers for their own gain, and on engaging both our community and third party organizations. HMRC claws back celebrities' tax profit on empty data centres. Amazon Uses Trucks to Drive Data Faster. Philip Morris could stop making conventional cigarettes.
Philip Morris has launched a new, less harmful cigarette in the UK which it says could mean halting sales of its conventional tobacco products.
The so called Iqos product heats tobacco rather than burning it. The tobacco giant claims this means smokers get the same nicotine hit, but 90% less of the nasty toxins that come with cigarette smoke. It says trials - not yet externally verified - found the new cigarette had the same impact as quitting smoking. The firm is not pushing that finding, saying only that the new product is likely to cause less harm. Advantage of a first-mover business may not last forever. Shares of Fitbit (NYSE:FIT) have lost about 83% of their value since they peaked shortly after the company's IPO last year.
GoPro (NASDAQ:GPRO) stock has fared even worse; it's down nearly 90% from the highs reached in late 2014. FIT data by YCharts. With Trips, AirBnB sets out its grandest plan yet. Image copyright Getty Images What started as literally an air bed on the floor in Brian Chesky's apartment has blossomed into a service that has more than three million locations listed around the world. Why Zuckerberg Won't Admit Facebook Is a Media Company. Facebook CEO Mark Zuckerberg published an essay this weekend to rebuff claims his company is somehow responsible for the outcome of the election, and insisted again that Facebook is not a media company.
The essay will anger critics who view Facebook as akin to the most powerful newspaper on earth, and who blame the social network for distributing fake news articles, and creating “filter bubbles” in which people only read and share articles they already agree with. For these people, Facebook FB -2.34% is like Fox News or MSNBC on steroids. Zuckerberg, however, is having none of this.
In his essay, he claims only a tiny percentage of news stories on Facebook are fake, and says the task of finding “truth” is complicated given how many stories amount to someone’s opinion. And in response to a reader comment, he writes it’s “odd” to even say Facebook is a media company in the first place: But remember that Facebook is mostly about helping people stay connected with friends and family.
Kellogg's cereal sales continue to slump. Image copyright Reuters Kellogg's has suffered its seventh successive drop in quarterly sales in the third quarter of 2016. The cereal manufacturer blamed the figures on poor demand for its products in the US and a challenging UK market. Netflix vs. Cable — Get Data. AT&T Time Warner Merger: Why It's a Mistake. In promoting its proposed $100-billion acquisition of Time Warner, AT&T argues that the merger of the two companies will produce all kinds of synergies between the content business and the telecom/distribution business.
But at least one prominent fund manager begs to differ. Mitch Zacks is the president of Zacks Investment Management, which manages $5 billion on behalf of high net-worth individuals. The Inside Story of Vine’s Demise. The intersection of Hollywood Boulevard and Vine Street in Los Angeles holds a historic place in the history of the film industry, dating back to the earliest days of the motion-picture business. Judge approves $15B Volkswagen settlement.
VW TO FIX 11 MILLION CARS AFTER EMISSIONS-RIGGING SCANDALVolkswagen outlines impact of emissions scandal | 1:21 German carmaker Volkswagen revealed its diesel emissions cheating cost it 16.2 billion euros for 2015 alone - and that is likely to be only a part of the total bill. SABMiller investors cheer $100 billion-plus AB InBev takeover. Bayer confirms $66bn Monsanto takeover. Image copyright Getty Images. HP buys Samsung's printer business for $1 billion. HP has a plan to offset its declining printer revenue: Buy the printing business of Samsung Electronics. ITT Technical Institutes shuts down after 50 years in operation. (Getty Images/iStockphoto) ITT Educational Services, one of the largest operators of for-profit technical schools, ended operations at all of its ITT Technical Institutes on Tuesday, citing government action to curtail the company’s access to millions of dollars in federal loans and grants, a critical source of revenue.
The move to shut down the chain of career schools after 50 years arrives two weeks after the Education Department said ITT would no longer be allowed to enroll new students who rely on federal loans and grants, award raises, pay bonuses or make severance payments to its executives without government approval. Fewer homes for rent, as landlords move flats onto Airbnb. Landlords are taking their flats off the open market, and advertising them instead on holiday websites like Airbnb, warns an industry report. WhatsApp to give Facebook more data. Image copyright AP WhatsApp says it will begin sharing more data with Facebook and will start letting some companies send messages to users.
Univision is one of the top Spanish-language media companies with a loyal following among Latinos in the U.S. Gawker to be sold this week, ending 14 years of independence - Aug. 15, 2016. Hulu Ends Free Streaming Service. Uber fled China. One Thing Amazon Must Do to Keep Its Cloud Mojo Going Strong. Gawker founder Nick Denton just confirmed that he will file for personal bankruptcy. Oracle buys cloud pioneer NetSuite for $9.3bn. Highest-Paid CEOs Actually Run Some of the Worst-Performing Companies. Ericsson ousts CEO as investors lose patience over returns.
PayPal Strikes Partnership With Visa. Amazon to enter student loan business. Shaving start-up firm bought by Unilever. Uruguay's Victory Over Philip Morris Will Change The World. What is ARM and why is it worth £24bn? ARM chip designer to be bought by Japan's Softbank. Herbalife settles pyramid scheme case with regulator, in blow to Pershing's Ackman.
McDonald’s to expand all-day breakfast menu. Oracle ordered to pay $3bn damages to HP. Alibaba’s Jack Ma: The problem with counterfeits is they’re “better quality” than authentic luxury goods — Quartz. How Netflix Became Hollywood’s Frenemy. Netflix and Amazon face quota on EU-made content. This Is the Only Company Spending More on R&D Than Alphabet. Stripe recruitment - BYOT - Bring Your Own Team.