U.S. Unemployment Rate Drops; Reactions Are Mixed

The U.S. unemployment rate dropped to a 5.3 percent seven-year low as employers provided 223,000 jobs in June. Wages, however, failed to increase and other economic indicators of the job market remain unpredictable.

US Unemployment Rate Drops, But Reactions Are Mixed

Aetna Inc. Acquires Humana Through $37B Deal; Other Health Insurance Companies May Soon Follow

Aetna Inc., an insurance company based in Hartford, CT, recently closed the deal with Humana. The deal amounting to $37 billion of cash and stocks is going to make Aetna a major player in the health insurance agency.

Aetna Merge with Humana

Southwest Airlines And Flight Attendants Arrive At A Consensus, Agreement To Run Until May 2019

Dallas-based Southwest Airlines has arrived at a provisional agreement with its almost 12,000 flight attendants. If approved, the agreement is anticipated to push thru until May 2019.

Southwest Airlines

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Jobs & Career News

'Not Payable' — Puerto Rico Appeals For Bankruptcy

Puerto Rico Appeals for Bankruptcy

Governor Alejandro Garcia Padilla of Puerto Rico declared that the US territory could not afford paying back its $US73 billion debt. He added that he intends to forge an agreement with creditors while convincing the US government to issue a decree that would permit the island to declare a special form of bankruptcy in order to dissolve some of its debts.

Asian Market Exorbitantly Slumps Amid Greece’s Austerity Plans Referendum Rejection; Global Market At Risk Of Banking Collapse?

Greece Crisis

International creditors such as International Monetary Fund, European Central Bank and European Commission have demanded Greece to establish further austerity measures in the nation’s banking systems. However, the Greeks have overwhelmingly rejected the European Union's offer. And because of the bailout program, the Asian and global markets have exorbitantly slumped.

Microsoft Repackages Xbox Music As Groove, But Does It Offer Something New?

Microsoft Repackages Xbox Music as Groove, But Is Does It Offer Something New?

Xbox Music is now called Groove. This is in conjunction with the release of Windows 10 later this month. Xbox Video on the other hand, will be simply known as Movies & TV to make it more identifiable to customers.

New GoPro Hero Camera Expected To Help Expand Its Market Base

New GoPro Hero Camera Expected To Help Expand Its Market Base

GoPro is known for its action cameras and it recently came up with a new addition to its line-up. Its new Hero4 Session is a next generation camera that is compact, light, and more action-friendly.

TerraForm Power, Sun Edison To Acquire 930 Megawatts Of Windpower From Invenergy for $2 Billion

TerraForm Power And Sun Edison Acquires 930 Megawatt Windpower From Invenergy for 2 Billion

SunEdison Inc. subsidiary TerraForm Power Inc. announced that it will buy 930 megawatts of wind power from farms in the United States and Canada for $2 billion from Invenergy Wind LLC.

Starbucks

Heads Up Caffeine Lovers: Starbucks Coffee Prices Are Climbing Up!

Starbucks coffee prices are climbing up an additional 10 cents for its brewed coffee.

Facebook COO Sheryl Sandberg

Facebook COO Sheryl Sandberg Joins SurveyMonkey As One Of Its Board Members

Facebook Chief Operating Officer (COO) Sheryl Sandberg, a former Google executive and a Harvard Business School graduate, has joined her late husband's company, SurveyMonkey, as one of its board members as well as another Facebook executive. Meanwhile, Hewlett-Packard executive Bill Veghte was appointed as the company’s next CEO, which will take effect on Aug. 3.

Intel President Renée J. James

Intel Corp. President Renée J. James And Other High-Ranking Execs TO RESIGN Amid Top Management Transition

Intel Corp. CEO Brian Krzanich announced Thursday that the company’s president, Renée J. James, will be resigning in January amid top management transition. The changes came as Intel Corp. has been hurt by declining sales of PCs that use its microprocessors. Its sales also prompted operational losses.

Facebook

Facebook Steps Up! Social Media Announces Sharing Video Ad Revenue

Facebook will begin sharing 55 percent of the revenue to video ad creators — a business move that will post a serious threat to YouTube.

PayPal

PayPal Eyes Money Transfer Service XOOM

Online digital payments giant PayPal is setting its course to acquire international money transfer service XOOM valued at $890 million.

Family Dollar

Federal Trade Commission Finally Approves Dollar Tree's Acquisition Of Family Dollar

Attorney General Herbert H. Siatery III made an announcement on Thursday, saying that the Federal Trade Commission finally approved the merging of Dollar Tree and Family Dollar.

Privately Owned Portraits By Francis Bacon Sold For £30 Million

Privately Owned Portraits By Francis Bacon Sold For £30 Million

Francis Bacon’s two self-portraits fetched a staggering £30 million at a Sotheby’s auction on Wednesday.

Accenture

Amadeus Buys Navitaire For $830M; Accenture Becomes A Strategic Partner

Amadeus is acquiring Accenture’s subsidiary, Navitaire, for $830 million in hopes of improving the connection among carriers in the same airline groups and their alliances.

Xiaomi Has Sold 35 Million Smartphones for 2015

Xiaomi Has Sold 35 Million Smartphones In Q1, Q2

Xiaomi has sold 34.7 million smartphones in the first half of 2015 which is a 33 percent increase compared to last year.

London Hosts Rolling Stones Exhibit

London To Host Rolling Stones Exhibit

The first ever Rolling Stones exhibit in London will be unveiled at the Saatchi Gallery next year.

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