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business news

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Business & Lifestyle

After nearly seven months, Quibi to cease operations

LOS ANGELES -- Quibi, a short-form entertainment content streaming service, announced Wednesday that they will be shutting down some seven months after its public launch. A Wall Street Journal report states that amid mounting problems, the service has opted to shut itself down. Thus ends a year full of high-flying expectations for the entertainment start-up that raised $1.75 billion in capital. Founders Jeffrey Katzenberg, a film producer, and former Hewlett Packard CEO Meg Whitman, issued a public statement that the […]

todayOctober 22, 2020

Business & Lifestyle

Warning signs gamers should seek in Microsoft buying Bethesda in recent deal

What would you do when you have $7.5 billion in your bank account? Would you build an exclusive beach house after acquiring a private island in the Pacific? How about renting out a snowy resort in the Alps so you can hit the slopes with your reliable Giro ski helmet and Burton snowboards? With that amount of money, most people won't need to work a day in their lives. They would enjoy what the world has to offer and fulfill whatever activity […]

todaySeptember 22, 2020

Business & Lifestyle

GameStop reveals plans to close 450 stores

GRAVEVINE, Tex. -- GameStop reveals in a recent investor call that they will be closing more stores than in their initial plan. Company executives did reveal that they will close an additional 100 stores than in their current restructuring plan. Per the restructuring plan, the company had plans to close 300 underperforming stores permanently. However, this number is increasing since the investor brief in March. Store closures to continue through 2021 When asked regarding a timeframe for these additional store […]

todaySeptember 13, 2020

Business & Lifestyle

Spotify, Riot Games team up for ‘League of Legends’ podcasts

STOCKHOLM, Sweden/LOS ANGELES (UPI) -- Spotify announced on Monday that it has entered into a multiyear partnership with Riot Games, the video game developer behind League of Legends. Spotify has become the offical and exclusive streaming partner for League of Legends global events and has created an esports hub for the game. The hub features official playlists inspired by the gaming community with more content set to arrive soon. Spotify and Riot Games are also working together to create and […]

todayAugust 24, 2020

Business & Lifestyle

END OF AN ERA: Microsoft to shut down Mixer next month

REDMOND, Wash. -- An end of an era for one of Microsoft's divisions will come roughly one month from now. Microsoft made an announcement Monday that they will be shutting down their Mixer streaming platform on July 22. This is a contingency plan as they will partner with Facebook Gaming as a new home for streamers and viewers. Xbox head Phil Spencer made the following statement: Ultimately, the success of Partners and streamers on Mixer is dependent on our ability to […]

todayJune 22, 2020

Business & Lifestyle

OPEC decides to keep production cuts

VIENNA, Austria (UPI) -- OPEC and its allies have agreed to extend the group's cuts on oil production through July. During a Saturday video-conference meeting Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said there are grounds to be "cautiously optimistic about the future," but there are still economic challenges ahead for oil producers and encouraged a swift decision to stabilize oil markets and keep oil prices high. "Together we are stronger, together we can restore stability to oil markets […]

todayJune 6, 2020

Business & Lifestyle

Three ways to lower construction costs while meeting customer needs

The smallest construction companies have numerous moving parts. Between marketing, project cost estimations, ordering materials, making blueprints, managing employees, and physically building, construction is a multi-faceted business. The more steps a project involves, the potential for errors is much higher. Lengthy, multi-step projects can also incur a lot of expenses. If you own or manage a construction business, consider the following tips for lowering construction costs. Use cost estimating software for construction Construction appraising has relied on manual searches for […]

todayMay 22, 2020

Business & Lifestyle

Microsoft announces agreement to acquire Metaswitch Networks

REDMOND, Wash./LONDON (UPI) -- Microsoft said Thursday it has agreed to acquire Metaswitch Networks to expand its cloud-based telecom offerings. The announcement follows the acquisition last month of fifth-generation technology for cellular networks specialist Affirmed Networks. The goal is to leverage the technology of both organizations to extend the Microsoft Azure cloud computing service platform to expand telecommunication industry offerings. "The convergence of cloud and communication networks presents a unique opportunity for Microsoft to serve operators globally via continued investment […]

todayMay 14, 2020

Business & Lifestyle

Pritzker says reopening guidance for Illinois businesses weeks away

SPRINGFIELD (The Center Square) – Businesses looking to partially reopen in Illinois later this month per Gov. J.B. Pritzker’s reopening plan amid COVID-19 concerns may not get the guidance they need to be in time to be in compliance if their region enters the next phase of the governor's reopening plan. Pritzker’s five-phase plan to reopen the state’s economy has the state in Phase 2. Phase 3 could be possible at the end of the month with more businesses allowed […]

todayMay 14, 2020

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