A year has gone by since the Rana Plaza factory collapsed, but the site remains a rubbish tip. Clothing labels still swirl around, remnants of burned trousers remain clamped between concrete blocks, and hooded sweaters lie covered in sand.
It’s rare when a bad habit gets a shot at redemption. In 2002, researchers published a huge meta-analysis that implied coffee could reduce your risk of getting type 2 diabetes. A new study adds strength to this idea, by showing that diabetes is responsive to coffee intake over a relatively short time period.
The numbers: Solid. Starbucks reported $427 million in profit during the second quarter, a 10% increase from the same period last year.
The numbers: Not as bad as feared. Sales declined 0.4% to $20.40 billion. Profits fell 6.6% to $5.66 billion. But the numbers were better than Wall Street analysts expected.
So much for belt-tightening at Barclays. After the bank told investors two years ago that it would keep excessive pay in check, its chairman, David Walker, appeared before angry shareholders at the bank’s annual meeting to explain why it went back on its word.
“The internet is creating a global community,” a thought leader probably said recently. But take a closer look at internet traffic data, and the theory that the web is turning the world into a borderless digital utopia doesn’t hold up.
It’s the end of net neutrality—at least, as we know it today. The US Federal Communications Commission is proposing new rules on internet access today, after its last effort was thrown out in January in a court challenge from US telecom Verizon.
After failing to convince the US government that it wasn’t being used by Beijing to spy on American businesses and citizens, Huawei Technologies, the Chinese equipment giant, said last year it was no longer interested in the US market.
One thing is clear from Facebook’s earnings report this week. The company is absolutely killing it in mobile.
Speed reading apps like Spritz are a nifty way to plow through text at a breakneck pace, but they’re not perfect.
Apple had a fantastic first quarter. So good, in fact, that the company surprised itself—in January it forecast revenues of between $42 billion and $44 billion.
Hope for the best but expect the worst. That seems to be the motto for German executives, who report brisk business at the moment but fear that the good times won’t last.
Apple is continuing its remarkably rapid transformation from the world’s premier growth story to the world’s top-value stock.
Cable companies aren’t terribly popular with their customers, and the size of their monthly bills goes a long way toward explaining why.
Even in evangelism, America’s flair for mass production is irrepressible. The US has more than 1,600 megachurches—meaning those with more than 2,000 weekly attendees—the most in the world.
The $7.2 billion sale of Nokia to Microsoft is expected to close tomorrow, bringing the phone-making chapter of a remarkably versatile, adaptive and admired company to a close—almost.
In the coming weeks, nearly 17,000 medical school students will graduate across the US and begin their career in medicine.
When it comes to fighting disease, your body’s defense system doesn’t like enlisting outside help. Overcoming this “locals only” attitude has been a huge handicap for scientists trying to make medical nanorobots, but now a team from Harvard thinks they’ve developed a disguise that will help the nanorobots sneak through and get to work fighting cancer.
For the first years of their existence, tech companies tend to be tiny. The recently acquired WhatsApp had only 55 employees when Facebook bought it for $19 billion.
What to watch for today The first earnings report from Microsoft’s new CEO. Satya Nadella, who took over after a long and tortuous leadership search, has a chance to burnish his image with good news about the company’s push into cloud computing.