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Business News

Location American Business News for 27 April 2016
PayPal Reports Sales Up 19%, CEO Calls It His 'Best Quarter Ever' PayPal reported first quarter earnings for 2016 on Wednesday and continued to show growth in its core payments business.
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An abandoned railroad bridge in Washington has become a popular -- but dangerous -- destination for hikers The Vance Creek Bridge is an abandoned structure in Washington. It's off-limits to the public, but some daredevils risk getting a fine to capture the stunning view. Story and editing by Jeremy Dreyfuss Follow INSIDER Tra...
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If Prince Truly Died Without A Will, Expect Trouble For His Estate While no one can dispute Prince's artist and creative greatness, one thing that is often overlooked about the famed singer was his business smarts.  Prince closely maintained and guarded ownership and control over the r...
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Apple's iPhone-driven bull run may be over

USA Today - 27 Apr 2016 07:04
Apple's iPhone-driven bull run may be over Apple's iPhone-driven growth era looks over. Its passing may also end its shares' decade-long bull run.          
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The Story Of An Indian Sock Empire Built By Two Women If you're a patterned sock aficionado anywhere in the world, there's a good chance you have a pair of socks manufactured by India's Mustang Socks sitting in your sock drawer - after all, it's a real sock empire - and the...
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Apple employee found dead at HQ

CNN - 27 Apr 2016 23:31
Apple employee found dead at HQ Police found a the body of a dead male Apple employee inside one of the company's conference rooms on Wednesday morning.
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SAN FRANCISCO (AP) -- Details of a second batch of racist and homophobic text messages sent by a San Francisco police officer seem at odds with the image of a rainbow-flagged city that prides itself on diversity.
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Samsung planning $9 billion down payment on iPhone displays Samsung is said to be in talks with Apple to be the exclusive supplier of displays for iPhone models scheduled for release next year
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Aurobindo Pharma gets USFDA nod for two drugs

livemint.com - 27 Apr 2016 16:25
Aurobindo Pharma gets USFDA nod for two drugs Aurobindo granted approval to manufacture and market generic version of heartburn relief medicine Famotidine tablets
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SAN FRANCISCO
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Comcast in Talks to Buy DreamWorks Animation for $3 Billion The move comes after CEO Jeffrey Katzenberg has tried for years to sell the company
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China's Steel Industry is Dominating the Global Market -- But Will it Last? Steel is essential to the modern world. It’s used to build buildings, roads, railways, and other infrastructure. For a developing country, steel is also essential for economic growth.
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These gloves can convert sign language into spoken English

Business Insider - 27 Apr 2016 23:45
These gloves can convert sign language into spoken English Two students from the University of Washington have invented gloves that can translate sign language into text or speech. Their invention has earned them a $10,000 Lemelson-MIT Student Prize. Produced by Will Wei. Video ...
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PayPal revenue jumps 19% as it adds users, processes more payments PayPal's quarterly revenue rose 19 percent as the company added customers and processed more digital payments on its network.
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Will Ferrell is set to play Ronald Reagan in a new movie

Business Insider - 27 Apr 2016 22:39
Will Ferrell is set to play Ronald Reagan in a new movie Saturday Night Live/screenshot Will Ferrell is taking on another political impression. The comedy star, who's known for his George W. Bush from "Saturday Night Live," is now set to play Ronald Reagan for a movie, accord...
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Zuck says Facebook's proposed Class C stock would help him 'fund important work sooner' In disclosing its earnings for the first quarter of 2016 today, Facebook had a big announcement to make: The company is proposing a new non-voting Class C stock. The goal is twofold: keep cofounder and chief executive Ma...
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Facebook passes 1.65 billion monthly active users, 54% access the service only on mobile In its first quarter 2016 earnings announcement today, Facebook revealed it now has 1.65 billion monthly active users (up 15 percent year over year) and 1.51 billion mobile users (up 21 percent year over year). The compa...
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Facebook reports $5.38 billion in revenue, 79% from mobile advertising Facebook has reported its first quarter 2016 earnings with $5.38 billion in revenue and earnings per share of $0.52. Much of the revenue ($5.2 billion) came from advertising — a 57 percent annual increase — of which ...
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The Theranos Crisis: Where Was The Board?

Forbes - 27 Apr 2016 21:57
In October 2015, a Wall Street Journal investigation exposed Silicon Valley startup Theranos for making fraudulent claims about its “breakthrough advancements” in blood-testing technologies. Theranos—a privately he...
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Five Tips To Help You Handle Criticism And Become A Better Professional Handling criticism appropriately can be difficult for young professionals and entrepreneurs, yet it is critical to professional maturity. These five tips will help millennials handle criticism with tact to take advantage...
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Marvel Puzzle Quest is getting in on the Civil War (the superhero one, not the U.S. one) Mobile spenders, assemble! D3 Go today announced an event for its mobile game Marvel Puzzle Quest based off of the upcoming film Captain America: Civil War. New content like this can keep players engaged and more likely ...
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OpenAI launches Gym, a toolkit for testing and comparing reinforcement learning algorithms OpenAI, the nonprofit artificial intelligence research company established last year with backing from several Silicon Valley figures, today announced its first product: a proving ground for algorithms for reinforcement ...
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