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.

Intel President Renée J. James

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.

Facebook

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.

PayPal

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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.

Duke Energy CEO Gets More Than $1.2M Pay Raise A Year After Spill

Lynn Good

Duke Energy Corporation CEO Lynn Good received an increase in pay of more than $1.2 million a year after the coal ash spill because of her exemplary performance and leadership.

Obama Discusses Greek Crisis With French President Francois Hollande

President Obama

By now, the news of Greece's failure to repay the International Monetary Fund (IMF) is making waves in the financial world. Everyone is holding on to their seats, bracing themselves for what is going to happen

Oregon Growers Look Forward To Boost Marijuana Retail

Medical Marijuana

Each third Thursday of the month, old-timer and aspiring newbie growers of medical marijuana gather at the aged Williams Grange hall in a tiny rural valley in Oregon, long known for producing some of the finest cannabis.

Samsung Spearheads Longer Battery Life Technology

Samsung Spearheads Longer Battery Life Technology

Say goodbye to short smartphone battery life as Samsung takes another quantum step by doubling the life of your phone according to the new developments from Samsung’s creative team of researchers.

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.

Phil Knight

Nike's Co-Founder and Chairman To Step Down Next Year, Nominates Mark Parker His Successor

Phil Knight announced his intention to step down as Nike’s chairman and he wants current CEO Mark Parker to take over his position. Knight’s son, Travis Knight, a film executive and an animator, was recently placed as one of Nike’s board of directors.

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.

Apple

Court Of Appeals’ Verdict Over Price-Fixing Case -- Apple To Pay $450M

The Second U.S. Circuit Court of Appeals found Apple accountable for conspiring with some publishers in price-fixing e-books to eliminate market competition. The company was ordered to pay $450 million.

World Bank

Why World Bank Castigates China Over Extensive Interference In Financial System

On Wednesday, the World Bank censured China for the its extensive interference in the financial system. According to the bank, the state-dominated financial system could stoke potential instability unless Beijing undertakes urgent reforms to eliminate distortions in the broader economy.

White House Orders GMO Regulators To Review Their Rules

White House Orders GMO Regulators To Review Their Rules

As the 30-year-old regulations on genetically modified crops and biotechnology products were becoming obsolete and fall short of gaining public confidence, the Obama administration said Thursday that it would update GMO laws.

Price Hike in Electricity

Residents In California Brace For Possible Price Hike In Electricity As Regulators Approve Changes After 15 Years

California's Public Utilities Commission (PUC) voted to increase the price of electricity. This is the first change after the rates were frozen back in 2001.

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