King of the US streaming video market , Netflix, wants to get a comfortable place increasing the budget of its own shows. In essence, the streaming is able to replace television in almost any niche. But Netflix’s managers admit that traditional broadcast still has advantages. Director of Netflix content acquisition Ted Sarandos tells about the pros and cons of traditional linear broadcast. The...

American automobile maker General Motors has planned to invest $1 billion in its Warren research and development campus in suburban Detroit.   The company has long been fighting it out with new technology and Internet companies to hire and retain talent, Forbes reported. Engineers and designers are making a cue to the Silicon Valley, thanks to the open office culture and room for...

Aggressive pricing competition and weaker demand in the emerging markets are forcing the Canadian aircraft manufacturer Bombardier to reduce the rate of production of the Global 5000 and 6000 models. This was stated by the company’s executives at a press conference on the results of the first quarter of 2015. In 2013, the manufacturer responded to the growing demand with increase of production...

Japanese video gaming company Nintendo entertainment plans to host Nintendo World Championships after a hiatus of 25 years.   The company is looking at the championships as a publicity stunt before next month’s Electronic Entertainment Expo which is the world’s biggest showcase for all the big consumer games coming out in the next year. Nintendo hosted the last Nintendo World Championships...

American wireless carrier company AT&T has announced a partnership with video streaming service Hulu.   The company announced that its users will be able to access the Hulu streaming video service on its website and mobile app starting later this year. The service will be currently available only to AT&T customers who subscribe to Hulu. Besides viewing their favorite content with...

Today, Japanese automakers Toyota and Nissan announced the recall of 6.5 million additional vehicles because of problems with airbags. This is a new wave of recalls of cars with explosive airbags produced by the Japanese company Takata. In total, more than two dozen million cars from different manufacturers was withdrawn because of this defect since 2008. Today it became known that Toyota and...

Taiwanese contract manufacturer Foxconn has made an investment in mobile software maker Cyanogen.   The latest pumping of money had brought a close to the Android OS maker’s $80 million Series C investment round and according to the company, it is “leveraging the investment to accelerate talent hiring and the development of its open OS platform.” Foxxcon is known in the smartphone industry...

India-based E-commerce company Jabong has announced that it would not wind down its website in response to such a move by its rivals.   The company co-founder and managing director Praveen Sinha said, "Today is not the time to make any such move. The main aim of online retail is to provide choice to customers." Any such move would amount to killing the customer base, he further noted,...

Britain-based department store chain Tesco has announced that it would close the remaining six Homeplus stores in the country.   The closure is expected to happen in the cities of Bristol, Bracknell, Nottingham, Denton, Bromborough and Preston by next month. The stores which sold clothing, electrical goods and furniture were included in 43 store closures Tesco revealed in January.  ...