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December, 8, 2016

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Business > Company Focus
Uber announced Monday it was buying the artificial intelligence group Geometric Intelligence, to form the core of the ride-sharing giant's own research center.
 
Virgin Galactic's new spaceship successfully completed its first free flight with a glide test over the Mojave Desert, the company said.
 
Shares of Taiwan-based Largan Precision Co. (大立光), a smartphone camera lens supplier to Apple Inc., climbed Tuesday on its November sales data and upbeat outlook for December, dealers said.
 
Amazon on Monday unveiled a new kind of retail store, with no cashiers.
 
Ikea's U.S. division is offering longer parental leave to employees who are new parents, following similar overtures from tech companies like Netflix as it strives to keep good workers in an improving job market.
 
McDonald's is still planning another US expansion: CEO
Artisan burger buns, cage-free eggs and table service are some of the changes McDonald's is promising in the U.S. as it scrambles to update its image and win back customers.
 
Malaysia Airlines Bhd (MAS) has benefitted from a combination of an aggressive marketing strategy and the adjustment in passenger service charges (PSC) for flights within the ASEAN (Association of Southeast Asian Nations) region.
 
Nissan Motor Co. is testing self-driving cars at one of its plants in Japan that can tow vehicles on a trailer to the wharf for loading on transport ships.
 
Apple has revealed it is investing heavily in autonomous vehicles in a letter asking the government to make it easier to develop self-driving cars.
 
Starbucks' Schultz to step down as CEO
Starbucks Chairman Howard Schultz is stepping down as CEO of the coffee chain he joined more than 30 years ago and transformed into a global brand.
 
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