JetBlue sets up VC unit to fund startups in travel, hospitality
(Reuters) – JetBlue Airways Corp said on Thursday it launched a venture capital unit that would invest in technology startups in the travel and hospitality industry.
Twitter disappoints investors as user growth hits wall
(Reuters) – Twitter Inc reported its first quarter with no growth in users since it went public, stoking fresh concerns on how long it will take for the company to reverse the trend.
Walgreens threatens to pull out of Theranos partnership: WSJ
(Reuters) – Walgreens Boots Alliance Inc , the largest U.S. drugstore chain, threatened to terminate its relationship with Theranos Inc unless the blood-testing company quickly fixes the problems found by federal inspectors at its laboratory in Califor…
Crowded insurance industry becomes latest casualty of oil slump
LONDON (Reuters) – The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded.
Mylan to buy Swedish drugmaker Meda in $7.2 billion deal
(Reuters) – Generic drugmaker Mylan NV said it would acquire Meda AB in a $7.2 billion cash-and-stock deal in its third attempt to buy the Swedish company.
Twitter’s CEO making big product changes, but users not wowed
SAN FRANCISCO (Reuters) – Since returning to Twitter Inc in July, Chief Executive, Jack Dorsey has made a handful of dramatic changes to the micro-blogging service – and promised more.
Tesla expects to become profitable in 2016, shares surge
(Reuters) – Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company’s shares up sharply despite a wider fourth-quarter loss.
Boeing says to cut commercial airplane jobs to reduce costs
SEATTLE (Reuters) – Boeing Co said on Wednesday it would cut jobs at its commercial airplane unit, addressing intense pressure to reduce costs and compete with Airbus even as the industry booms.
S&P 500 ends flat; Fed sees risks but unlikely to reverse course
(Reuters) – The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy.
Yahoo announces first round of layoffs as it trims 15 percent of workforce
SAN FRANCISCO (Reuters) – Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts.
