Business news

Microsoft cuts 7,800 jobs, reorganizes phone unit

Microsoft announced plans Wednesday to cut 7,800 jobs and write down the value of its struggling mobile phone division acquired last year from Nokia by some $7.6 billion—fresh evidence of its woes in the global smartphone ...

dateJul 08, 2015 in Business
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China's Uber-style taxi app raises $2 bn

China's top taxi hailing app Didi Kuaidi announced Wednesday it raised $2.0 billion in two weeks, after reports said US rival Uber planned to invest $1.1 billion in the country this year.

dateJul 08, 2015 in Business
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Mexico City proposes regulations for Uber

Mexico City is proposing regulations that would allow Uber and other smartphone-based ride-sharing apps to operate, while requiring drivers and cars to be registered, the city's Office of Legal and Legislative Studies said ...

dateJul 04, 2015 in Business
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Shyp reclassifies contract couriers as employees

Shyp, the quickly growing startup that provides on-demand courier services, said Wednesday it would reclassify its contract workers as employees, becoming the latest high-profile tech company to change how it compensates ...

dateJul 03, 2015 in Business
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