Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Unemployment hits lowest rate in nearly a century, Walmart gets the upper hand against Amazon, and other news

Check out http://lnkd.in/daily and https://lnkd.in/videos for more news. 

Unemployment
U.S. unemployment fell to 3.9% — nearly the lowest rate this century and one rarely seen since the 1970s. Economists expected a rate of 4%.
 
Flipkart
Walmart beat Amazon for a majority stake in Flipkart, Bloomberg reports, in a deal worth about $15B. If finalized, the retail giant will secure approximately 75% of the Indian e-commerce site, according to Bloomberg. Reports earlier in the week said Amazon made a $12B bid for 60% of Flipkart.
 
Twitter 
Twitter has urged all of its 336M users to change their passwords. A bug may have exposed passwords in plain text, leaving them vulnerable to hackers — although the glitch hasn’t resulted in a breach, according to the company.
 
Quote
“Walmart clearly doesn’t want to be left behind in the race as India is a critical piece.” Arvind Singhal, Technopak Advisors
 
Daily Top Headlines: 
Animation: Lucy Clinch 
Script: Katie Carroll, Lorraine K. Lee 
Art: Jacqueline Zaccor 
Producer: Florencia Iriondo

  • Login to see the comments

×