MakerBot lays off 20 percent of its staff


On Friday, Motherboard reported that 3D printing company MakerBot laid off 20 percent of its staff today, estimating that approximately 100 people from the 500-person company had their positions cut. MakerBot has been the friendly face of 3D printing for about six years, marketing to a “prosumer” audience rather than business-class customers with more intensive rapid prototyping needs. In 2013, MakerBot was purchased by a seasoned rapid prototyping and 3D printing company called Stratasys, Read more [...]

ExxonMobil 2014 Reserves Replacement Totals 104 Percent


Dateline City: IRVING, Texas Reserves replacement exceeds 100 percent for 21st consecutive year Reserves additions totaled 1.5 billion oil-equivalent barrels Liquids replaced at a ratio of 162 percent, bringing total proved reserves base to 54 percent liquids IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Read more [...]

Eighty Percent of Chinese Drivers Seek Improved Fuel Economy For Next Vehicle


Results of an online survey conducted by Honeywell Turbo Technologies in China reveal only one-third of respondents are satisfied with their current vehicle’s fuel economy, and an overwhelming 80 percent seek fuel economy savings of at least 10 percent to be satisfied with their next vehicle purchase. Click to watch a video about the appeal of turbocharging to Chinese drivers. “The Chinese market continues to grow more sophisticated as increasing demand for fuel economy is coupled with Read more [...]

Merrill Lynch Study Finds 72 Percent of People Over the Age of 50 Want to Work in Retirement


Dateline City: NEW YORK Americans Find Later Life Without Work to be Impractical and Undesirable A new landmark study from Merrill Lynch, conducted in partnership with Age Wave, finds that nearly three out of four (72 percent) pre-retirees over the age of 50 say their ideal retirement will include working – often in new, more flexible Read more [...]

Julie Delpy: “90 Percent of Movies Made in Hollywood are Crap”


Just moments away from the 86th Academy Awards, Julie Delpy decided it was time to sound off her opinion on the men behind the screen and the state of independent films. During an interview with So Film at the Spirit Awards this evening (March 1), the "Before Midnight" star said, "We have the Golden Globes. If you could see it, you wouldn't believe that there's anything good about it. The same goes for the Oscars." "It's 90 percent white men over 70 who need money because they haven't done anything Read more [...]

Verizon Completes Acquisition of Vodafone’s 45 Percent Indirect Interest in Verizon Wireless


NEW YORK – Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced that it has completed its acquisition of Vodafone Group Plc’s (London, Nasdaq: VOD) 45 percent indirect interest in Verizon Wireless in a transaction valued at approximately $ 130 billion. As previously announced, the transaction is immediately accretive to Verizon’s earnings per share by approximately 10 percent, excluding any non-operational adjustments. “This is a great day for Verizon,” said Lowell McAdam, Read more [...]

Exxon Mobil Corporation Announces 2013 Reserves Replacement Totaled 103 Percent


Dateline City: IRVING, Texas Reserves replacement exceeded 100 percent for 20th consecutive year Reserves additions totaled 1.6 billion oil-equivalent barrels Liquids replaced at a ratio of 153 percent, bringing total proved reserves base to 53 percent liquids IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today it replaced 103 percent of its 2013 production by adding proved oil and gas reserves totaling 1.6 billion oil-equivalent barrels, Read more [...]