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Added on the 16/10/2018 15:25:24 - Copyright : Wochit
After several tumultuous months, the quirky short-form video streaming service Quibi is calling it a day. Following earlier reports that Quibi had been courting potential buyers, company leadership appeared to be looking to offload the service onto someone else. Quibi bet big on its so-called Turnstyle technology that lets mobile users see two different perspectives depending on their phone’s orientation. But on Wednesday, Quibi founder Jeffrey Katzenberg notified investors that he was indeed shutting the service down mere months after launching in April. Gizmodo reports Katzenberg has repeatedly blamed the pandemic for Quibi’s failure to launch. However, Quibi failed to meet viewers where they preferred to watch--particularly after the launch of rival services like Peacock and HBO Max.
Walmart has been one of the few companies to do well in the pandemic. Digital sales have nearly doubled from a year ago, and same-store sales have increased 9%. But according to Business Insider, even Walmart CEO Doug McMillon knows that with such widespread unemployment, its a streak of luck can't last forever. Business Insider reports McMillon said on CNBC's 'Squawk Box' on Thursday that Congress needs to pass a second stimulus package--and do it quickly. Since passing the $2.2 trillion CARES Act in March, Congress has done nothing meaningful towards passing a second stimulus package. There are Americans...that don't really care about politics, aren't really tied up in this election and they just need some help. Doug McMillon, Walmart CEO Interview, CNBC's 'Squawk Box'
Spinning giant SoulCycle filed for an IPO the same year Melanie Whelan took the helm. But just four years later, she resigned. Or, to be exact, was pushed out. According to Business Insider, Whelan's 2019 corporate demise stemmed from her trying to expense on a company credit card two Christian Dior bags, totaling $5,100. One was a purse for herself, and the other was a backpack for one of her 'favorites,' Patrick Ryan-Southern, the head of international markets. Staffers say Whelan was repeatedly asked to produce receipts for the purchase, which she tried to pass off as one big gift for Ryan-Southern. Accused by SoulCycle staffers of running a toxic, 'mean girls' culture, Whelan now runs an investment firm.
Mexico City, Feb 13 (EFE) .- Mexican president Andrés Manuel López Obrador said Thursday that he is confident that a former chief executive officer of the state oil company Petroleos Mexicanos (Pemex) who was detained in Malaga, south of Spain, will be extradited to Mexico. The ex CEO, Emilio Lozoya, is wanted in his homeland on corruption charges.IMAGES HAND OUT BY THE MEXICAN GOVERNMENT.SOUNDBITES BY PRESIDENT ANDRES MANUEL LOPEZ OBRADOR.
Mexico City, Feb 13 (EFE) .- Mexican president Andrés Manuel López Obrador said Thursday that he is confident that a former chief executive officer of the state oil company Petroleos Mexicanos (Pemex) who was detained in Malaga, south of Spain, will be extradited to Mexico. The ex CEO, Emilio Lozoya, is wanted in his homeland on corruption charges.IMAGES HAND OUT BY THE MEXICAN GOVERNMENT.SOUNDBITES BY PRESIDENT ANDRES MANUEL LOPEZ OBRADOR.TRANSLATION"I think so because the Attorney General's Office is doing its job very well. I remind you that it's an autonomous institution, here is no specific order, if we talk about an order then what we want is to uproot corruption in Mexico, and this is being done within a legal framework, it is an accusation made with evidence, that is why this detention in Spain took place, and the details are already known, the crimes for which he is accused, which has to do with the case of Odebretch and also with the purchase of fertilizer plants. That is what is being investigated and what led to his apprehension. There is a real state of law, it is no longer as it was before when we suffered from an unlawful state, now we can talk about a state of law, there is no protection for anyone, anyone who commits a crime is punished"
A Japanese company is testing a prototype drone in Tokyo that they hope will help combat the country’s burgeoning overtime crisis. The developers say it will encourage employees to clock off early by blasting Auld Lang Syne – a song commonly used in Japan to indicate the closing time. But at a cost of ¥50,000 ($443) per month for service, some might hope for a choice in music or maybe even noise reduction headphones to dull the constant drone in the office.
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