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Hudson Yards just opened in New York, here's a look inside

It's finally here. A glittering one million square foot retailer opens onto the Hudson Yards development in New York on Friday and promises to offer both city and tourist a shopping experience, unlike your traditional city center. The stores – built by two of the world's major real estate developers, Related Cos. and the Oxford Properties Group – are intended …

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Volkswagen trial; Facebook execs out; Tesla's new SUV

In a statement late on Thursday, the secretary accused Volkswagen ( VLKAF ) two of their subsidiaries and former CEO Martin Winterkorn of "fetching billions of dollars" through markets through " a series of fraudulent claims "about the company's clean diesel-powered vehicles. "Volkswagen made false and misleading statements to investors and insurers on vehicle quality, environmental compliance and VW's financial …

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Facebook's News Feed era is now officially over

Last May, after a decade of unusual stability in their executive ranks, Mark Zuckerberg announced a series of dramatic changes. He moved two top managers to create a new blockchain division and installed new leaders on WhatsApp and News Feed. (He also appointed someone to run a new group that focused on privacy initiatives that were never heard again.) And …

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Venezuelan electricity crisis can disrupt the oil markets

LUIS ROBAYO | AFP | Getty Images An anti-government protester is standing next to a national flag during a protest against protests against the block by Francisco Fajardo in Caracas on May 27, 2017. A nationwide power outage in crisis-hit Venezuela can trigger "serious disturbances" in the oil market warned International Energy Agency (IEA) Friday, but OPEC Kingpin Saudi Arabia …

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S.E.C. Accuses Volkswagen or Fraud in Diesel Scandal

The top securities agency in the United States has accrued Volkswagen of undertaking a massive fraud and lying to investors, the latest in ongoing diesel emissions scandal that has prompted the German carmaker. The Securities and Exchange Commission said late Thursday that it was suing Volkswagen and Martin Winterkorn, its former chief executive, in a case related to a decade-long …

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Huawei's CFO would stop working shortly before the arrest, founder says

OTTAWA (Reuters) – Huawei Technologies Co plc's finance manager Meng Wanzhou had been looking for another job when she was arrested in Canada in December in the US for a US decision, the company's founder said in an interview that was released on Thursday. FILE PHOTO: Huawei Technologies Co Finance Director Meng Wanzhou returns home after his appearance in Vancouver, …

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Addressing Spotify's claims – Apple

We believe that technology achieves its true potential as we fill it with human creativity and ingenuity. From our first days, we have built our units, programs and services to help artists, musicians, creators and visionaries do what they do best. 16 years ago, we launched the iTunes Store with the idea that there should be a reliable place where …

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Mt. Gox CEO Mark Karpeles found himself guilty, considering a suspended sentence

Mark Karpeles, former CEO of Mt. The Gox cryptocurrency exchange, received a sentence of two years and six months, suspended for four years after being found obliged to manipulate the records of the Tokyo District Court. Karpeles did not find himself guilty of two accusations, embezzlement and violation of company law. The prosecutors sought a 10-year sentence but, according to …

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Tesla Model Y livestream: Here's what you missed

Teslas warmly awaited Model Y crossover SUV was just revealed at LA Design Studio in Hawthorne, CA. If you were not lucky enough to make a gold ticket to Elon Musk and Company's great disclosure and you lacked the first life stream, you will soon be able to see the embroidery on YouTube on Tesla's own channel with this link. …

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