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May, 6, 2016

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Business > Company Focus
Intel to cut 12,000 jobs as it confronts decline in PC use
Intel is cutting 12,000 jobs -- about 11 percent of its workforce -- as it reorganizes to confront a decline in sales of personal computers.
 
Source: VW to pay $1B to diesel owners, buy back some cars
Volkswagen, the U.S. government and private lawyers have reached a deal for the automaker to buy back some of the nearly 600,000 diesel cars that cheat on emissions tests and spend just over $1 billion to compensate owners, according to a person briefed on the matter.
 
McDonald's testing bigger, smaller Big Macs in bid to diversify menu
McDonald's is testing bigger and smaller versions of its Big Mac as the world's biggest hamburger chain pushes to revive its business.
 
Airbnb adds feature allowing users to recommend rooms
Airbnb is adding recommendations to its online accommodations service, building on its knowledge of travelers' preferences, coupled with tips from locals.
 
The EU opened a new front against Google on Wednesday, slapping the U.S. giant with anti-trust charges alleging it had abused the dominance of its Android mobile phone operating system.
 
Yahoo may have hung out a "for sale" sign, but it hasn't done much to improve its curb appeal.
 
Canada's competition watchdog announced Tuesday it was closing its investigation into allegations Google abused its dominance in online search advertising to keep rivals down.
 
Lawyers representing thousands of people who own diesel Volkswagens that cheat on emissions tests are asking a judge to order repairs and compensation if the company and government regulators don't agree to a fix by Thursday.
 
Lexmark International on Tuesday announced it has inked a deal to sell the U.S. printer maker to a consortium of Asian investors for some US$3.6 billion.
 
Netflix out-HBOing HBO in exclusive shows
Look out, HBO. Netflix produced more original programming than cable's premium-network leader last year, according to numbers provided by the two rivals. The internet video service isn't slowing down, either, even if it risks losing subscribers to price increases that will help pay for more exclusive shows.
 
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