Amazon has pepped up interest level in its drone delivery plan for Cyber Monday with an exciting video starring none other than Top Gear’s former host Jeremy Clarkson. The unmanned 30-minute delivery service called Amazon Prime Air uses drone to deliver the goods.
A lawsuit filed by shareholders against Yelp Inc has been dismissed. The shareholders filed the case alleging that they have been misled by the company with regard to the genuineness and quality of its reviews. They have also claimed that Yelp has manipulated reviews for the benefit of paying advertisers.
The Federal Aviation Administration will soon mandate drone registration with an aim to maintain a track of operators. It is estimated that small-sized drones will be the hot pick as a gift this holiday season. Around 400,000 drones have been sold this holiday season, and the FAA wants to avoid seeing the skies flooded with drones.
This week, a federal task force has publicized its recommendations on the matter. It is expecting to start the registrations by the year end. The task force wants to curb aerial dangers like crash with airplanes and also, to regulate hobbyists.
Tradition of standing in line to grab the best deals on annual Black Friday sales remains strong, but another trend during the biggest shopping day of the year is creating a niche place for itself, which is online shopping.
Retailers and analysts have noticed a rise in the online shopping trend as Thursday wore in. In comparison to previous years, less number of people was standing in line and more preferred online medium. It does not mean that custom of reaching early for the annual Black Friday sales has ended, it was still going strong.
Pfizer Inc. and Allergan PLC could soon enter into a deal worth $150 billion giving birth to the world’s largest drugmaker of sales. It was expected that the boards of the companies would approve the deal by Sunday and the same will be publicized on Monday.
Along with some cash, the deal will include 11.3 Pfizer shares for every Allergen share. If the deal finalizes then it would be biggest ever merger in the health care. Another major thing is it would be the biggest inversion ever.
United States jobless claims fell more than expected last week and moving toward four-decade low, as per reports. It is the first time when claims for state unemployment benefits dropped by about 12,000 to a seasonally adjusted 260,000 in the week ended on November 21.
As per a report of the Labor Department released on Wednesday, jobless claims dropped the fewest in a month. It also reported that the claims reached to 255,000 in mid-July, which his lowest in last more than 42 years.
This seems to be important news for Wal-Mart shoppers that Cyber Monday will come several hours early this year on Sunday evening. As per the new statement by the company, the online deals bonanza for the world’s largest retailer will start at 8:00 p.m. Eastern Time on Nov. 29. Fernando Madeira, chief executive of Walmart.com, said the company is adapting its sale to better meet needs of the growing swath of shoppers.
In a new round of funding, internet high-flier Airbnb has raised over $100 million. A person familiar with the matter told USA TODAY that the San Francisco home-rental company was valued at $25.5 billion, the same as it was during the summer. The name of the person revealed the information on the condition of anonymity as he didn’t have the authority to disclose the funding publicly.
On Thursday, Tyson Foods Inc has announced that it will close its two prepared-food plants. Main reasons behind the closure of two quite old plants include extremely costly renovations and change in demand.
The decision of shutting down would affect around 800 workers. The workers – around 480 in Chicago and 400 in Jefferson- have been asked to apply for other opening within the company. Donnie King, Tyson's president of North American operations, said that it was their last resort.
The retail giant Amazon recently adopted a two-factor authentication as a login option for its Amazon users who have an Amazon account. The step was taken to improve the security to handle its customer’s credit card information.
When the new security option will be active signing in will become just a two-step process. At first, the users have just to sign-in with the password as usual and after that a user will have to enter a short code that is generated by a smartphone authenticator app or received in a text message.
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