Twitter's much-anticipated Project Lightning has reportedly evolved into Moments, a service that culls videos, images and tweets around events much like Snapchat Stories. Unlike Snapchat, Twitter will combine user submissions with content from mainstream outlets and allow media companies to create their own packages.
Companies that brag publicly about their success increase their employees' value in the labor market, which means they might lose good people, writes Ithai Stern. "This doesn't mean firms should stop communicating with the media, but it does mean firms need to better understand the tradeoffs of voluntary public disclosures," Stern writes.
In outgoing Education Secretary Arne Duncan's seven-year tenure, he leaves behind five primary legacies, Frederick Hess, director of education policy studies at the American Enterprise Institute, writes in this commentary. The legacies include ushering in several federal-education initiatives, including investments in prekindergarten and free community college.
The Organization for Economic Cooperation and Development has published an overhaul of corporate tax rules meant to stop companies from using a technique known as "profit shifting" to move profits to low-tax jurisdictions. The rules are expected to help governments recoup as much as $240 billion in lost revenue annually.
Several Associated Food Stores have partnered with Robinson Fresh to launch a produce program that offers a discount variety of "ugly" seasonal fruits and vegetables. The Misfit program aims to raise awareness and encourage the reduction of food waste, and offers a treasure hunt experience for customers, the companies said.
People may need to do moderate exercise for two to four times the recommended 150-minute per week minimum to significantly lower their risk of heart failure, according to researchers who analyzed 12 studies that tracked 370,000 people for an average of 15 years. The study in the journal Circulation linked exercising two times the recommended minimum level to a 20% lower risk of heart failure and four times the minimum to a 35% reduced risk.
Online retail startup Jet has been spending $5 million a week on a national, multi-channel ad campaign that helped send it to fourth place on ChannelAdvisor's list of most popular marketplaces less than a month after its launch. The company will spend about $100 million on old-school advertising over the next year, CEO Marc Lore said, as it competes with Amazon and other established players by expanding the pool of online shoppers.
Philips Hue and Apple have teamed up to let iPhone users control their Philips Hue smart lights through Siri voice commands. The lighting company announced integration with Apple's Homekit in June, and the Hue Bridge 2.0, which makes the connection possible, goes on sale today.
Xoma has agreed to license its anti-transforming growth factor-beta antibody program to Novartis in a deal worth over $500 million. Xoma's anti-transforming growth factor-beta, an immune suppressive cytokine, is involved in suppression of the immune system, cell growth inhibition and other cellular processes. Under the terms of the agreement, Xoma is entitled to an upfront payment of $37 million and as much as $480 million in milestone fees.
HTC's smartphone woes continued in its latest earnings report, as the Taiwanese vendor's revenues dropped by nearly half compared with the same period in 2014. The company reported a net loss of about $138 million in the quarter after posting a slim profit a year ago. By some estimates, HTC's global market share has dropped to about 2% after disappointing sales from its latest flagship phone, the One M9.
Rolls Royce plans to invest nearly $600 million to renovate and upgrade its manufacturing facility in Indianapolis. Work on the project has already started and will take about five years. State and city incentives worth $35 million will cover part of the cost.
New coal-fired power plants would emit approximately 92% to 106% more greenhouse gases than a comparable liquefied natural gas plant, even if the plant was to use LNG shipped from the US, according to a study conducted by Pace Global for the Center for Liquefied Natural Gas. "Even under the most extreme scenario, power produced from coal in these markets gives off almost twice the emissions as US-produced LNG," said Center for Liquefied Natural Gas spokesman Casey O'Shea.
Marathon season is approaching, and hoteliers should move to accommodate the large number of participants and enthusiasts that will be coming this fall and winter. Marathoners stay for multiple nights and often seek to return to places they found relaxing when they're ready for nonmarathon vacations. "Don't have a marathon where your hotel is? Then organize one," Terence Baker writes.