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IB Times: Business

Lyft Buys Company Behind Citi Bike, Announces Lyft Bikes

Ride-sharing companies like Uber and Lyft have already grown to dominate urban commuting by car. On Monday, Lyft revealed it would throw its hat into another ring: Bike-sharing. Lyft announced Monday

EU Warns US Of Major Hit If Car Tariffs Imposed

The European Union has warned the United States that imposing import tariffs on cars and car parts would harm its own automotive industry and likely lead to counter-measures by its trading partners on

Halfway Through, 2018 Delivers Little To S&P 500 Investors

Halfway through 2018, investing in Wall Street's leading S&P 500stock index has been nothing to shout about. The index of about 500 of the largest U.S. corporations has risen 1.7 percent year to

Is Disney's 'Star Wars' Universe Imploding?

Walt Disney's (NYSE:DIS) Solo: A Star Wars Story is now destined to go down as a flop and the first Star Wars film to lose money at the box office. Following the picture's disappointing performance,

Tesla Hits Model 3 Manufacturing Milestone, Hours After Deadline: Factory Sources

Tesla Inc nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly line on Sunday morning, several hours after the midnight

AT&T Is Making A Big Bet On Targeted Ads

AT&T (NYSE:T) recently agreed to acquire digital ad exchange AppNexus for what is estimated to be $1.6 billion to $2 billion. The purchase will enable the telco to integrate AppNexus' network,

Will Snap Revive Snapchat With Augmented Reality Games?

Snap (NYSE:SNAP) is developing a hub of in-app games for Snapchat according to a recent report from The Information. The company is currently signing on game publishers for the platform, which will

'Buy American': Trump's Top Team To Close Arms Deals At Farnborough Airshow

The White House is sending a high-level delegation to this month's Farnborough Airshow to push the Trump administration's "Buy American" drive aimed at boosting exports of weapons and aircraft,

One Thing That Starbucks Is Doing Wrong

Starbucks (NASDAQ:SBUX) has struggled with same-store sales growth in the United States. That's part of the reason the chain has decided to close about 150 stores in its home country, and it's why the

BMW: Trump's Tariffs Threaten Jobs In Republican Trey Gowdy's South Carolina District

BERLIN - U.S. tariffs on imported cars could lead BMW to reduce investment and cut jobs in the United States due to the large number of cars it exports from its South Carolina plant, the German

Adidas Data Breach: 'A Few Million' Online Customers May Have Had Data Stolen

As major corporations collect data on their customers and store them on web servers, hackers will keep trying to get at that data. This week, Adidas became the latest company to suffer a large-scale

Kroger Partners With Driverless Car Company To Enhance Delivery Service

Kroger, one of the country's largest grocery retailers, looks to bring its grocery delivery service into the future with plans to utilize autonomous vehicles to send goods to customers, the company

Cryptocurrency Industry Must Roll Out The Red Carpet For Big-Money Players

Traditional institutions from hedge funds to family offices to investment banks are increasingly looking to enter the idiosyncratic space of cryptocurrencies. Some of the biggest names in finance from

Deutsche Bank Shares Rise After US Stress Test Failure

Deutsche Bank shares rose more than 3 percent on Friday, a day after its U.S. subsidiary failed a second part of the U.S. Federal Reserve's annual stress tests. The Fed, which regularly checks banks'

Embattled ZTE Expected To Unveil New Board In Push For US Ban Lift

Chinese telecoms giant ZTE Corp is expected to announce a radical management overhaul following a shareholder meeting on Friday, in line with conditions laid out in a $1.4 billion settlement deal to

Should Amazon's PillPack Acquisition Frighten Pharmacies?

In a move that allows it to deliver prescriptions to customer homes nationwide, Amazon (NASDAQ:AMZN) is acquiring PillPack for an undisclosed sum that TechCrunch reports approached $1 billion.

IBM's Competitive Advantage On Display In $320 Million Deal

Don't underestimate the value of a deep base of longtime customers. International Business Machines (NYSE:IBM), while nowhere near as dominant a company as it has been at times in the past, remains a

Walmart Launches 3D Virtual Tour Experience For Shoppers

Retail giant Walmart has added several new features, including a 3D virtual shopping tour, to its online store, the company announced Wednesday. The addition looks to make things easier for customers

Roku Is Expanding Its Advertising Reach

Roku (NASDAQ:ROKU) is getting into advertising in a big way. The company announced a new marketplace for OTT advertising this week, which utilizes Roku's unique viewer data to target advertisements.

Can Delta Air Lines And Its Pilots Achieve A Win-Win?

Last week, Delta Air Lines (NYSE:DAL) became the launch customer for an upgraded version of Bombardier's (NASDAQOTH:BDRBF) CRJ900 regional jet, ordering 20.