It’s been well-documented that Americans, on average, haven’t saved nearly enough for retirement. Some, though, are a lot better off than others. And that may have to do with a wide gap in access to a retirement savings plan at work. That disparity was described in detail in an analysis …
Read More »Theranos will stop operating labs and fire 40% of its workers, plans to sell devices instead
Embattled medical testing firm Theranos has made the decision to get out of the laboratory testing industry. This is a major reversal for the company, following government scrutiny that resulted in a 2-year ban on CEO Elizabeth Holmes running a laboratory. Instead of running labs, Theranos will try selling its …
Read More »Surgeon plans first human head transplant in 2017
Modern medical technology has granted doctors the ability to transplant many of the body’s organs, extending the life of people suffering from chronic diseases. But what about replacing all the organs at once along with the body they are in? That’s science fiction right now, but Italian neurosurgeon Sergio Canavero …
Read More »Zynga Pops On Q1 Revenue Beat, Plans To Fire Lots Of People
We’ve found the tech company that isn’t hiring. Zynga reported its first-quarter financial performance today following the bell, sending its shares skyrocketing as investors cheered its revenue beat and plans to cut around 18 percent of its workforce, or more than 300 people. Zynga had revenue of $183.3 million in …
Read More »As some shareholders call for split, Samsung will announce plans to boost value
Like just about everyone else, Samsung had a rough 2016 – though the South Korean company’s year was perhaps even tougher than most. There was that drawn out Galaxy Note incident, which entailed two recalls and a on-going apology parade, coupled with the subsequent recall of 2.8 million washing machines …
Read More »Groupon is buying LivingSocial, plans to downsize business to 15 markets from 27
Some significant consolidation is going down in the world of daily deals — going down being the operative phrase here. Today, Groupon announced it would acquire LivingSocial, its onetime big rival that was partly owned by Amazon, for an undisclosed sum. Lest you think that this is a power move made by companies …
Read More »Facebook plans to boost UK headcount by 50% as gov’t signals corporate tax rate cut
Facebook has followed Google’s lead by trumpeting plans to expand its presence in the UK — despite ongoing uncertainty over the impact of this summer’s Brexit vote for the country to leave the European Union. Speaking at the annual CBI conference in London today, Facebook’s Nicola Mendelsohn, VP EMEA, announced plans for the …
Read More »Optus updates BYO plans – introduces ‘month-to-month’ (to some plans only)
Today, Optus has announced it has updated its bring-your-own phone plans – reducing them to three plans, two of which are month-to-month plans (meaning that you are not tied to a contract); and now gives those on these plans access to its 4G network. The $20 Optus SIM Plan and …
Read More »Telstra introduces “no lock-in” mobile plans, data sharing plans coming soon
Telstra has announced some new changes to their mobile plans – with the addition of no-contract plans (following Optus’ move) with the same value as their contract plans, and the introduction of data sharing plans so you can share your data cap with multiple devices. The “No Lock-In Plans” will start …
Read More »Optus announces plans to reduce bill shock with a $10/day plan with a 30MB daily data cap
Image: williamcho/Flickr (Creative Commons) Optus has today announced that they will follow Vodafone’s plans in reducing global roaming charges – albeit in a different way. The company will merge its five roaming zones into two, and will introduce for post-paid plans “Travel Packs” which will set you back $10 a …
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