In 1985, a humble group of programmers from Silicon Valley began exploring the concept of virtual reality from a tiny cottage in Palo Alto. This group would later be recognized as VPL Research, a small company founded by pioneer Jaron Lanier, the man credited for coining the buzzword “VR.”
The story of the year in hospitality, the announcement of the merger between Starwood and Marriott, has continued to make its reverberations felt throughout the industry, and Hilton Worldwide has felt the effects of the disruption more than any other. Hilton, which competes directly with Marriott in nearly every class, lost its position as the largest hotel company in the world by number of rooms in September when the merger finally closed. This revelation is a major threat to Hilton’s current market share and status as an industry leader
For the past forty years, France has relied primarily on nuclear power. But as the energy landscape continues to rapidly change, France’s nuclear sector is plagued with both financial and safety troubles. Can France maintain its status as renewable energy powerhouse, or will it have to integrate alternative sources of energy?
Early Christmas morning in 2014, the front door of the iconic Napa Valley restaurant French Laundry was greeted not by Saint Nick, but by an unknown masked man whose intrusion would only be discovered the following day. The burglar, however, was not after the cash in the vault nor the expensive décor of the restaurant.
Adorning the shelves of cafés on the Cornell campus is a new entrant, and what they’re selling is not just a scrumptious mix of healthy goodness: Cayuga Crunch is selling a story. Their story. A story of unassuming freshmen who found something they loved doing and decided to share a bite of their passion with fellow students. And so the story goes.
For the unsuspecting entrepreneur, the announcement of an “A+” regulation in the venture capital ecosystem may seem like remarkably good news. A closer examination of the terms, however, will leave many venture heads disappointed.
Since the summer of 2015, crude oil prices and the Dow Jones Industrial Average have been dancing a two-step tango. The pivot steps, marked by a sharp change in direction, are fully synchronized even when the music from the Fed signals no such turn. This is a sharp departure from the past five years when every turn of the stock market could be traced back to a change in key, orchestrated by the Fed.
The world has never seen anything like this before. These revolutionary machines have changed society’s preconceptions of innovation by lowering production costs and increasing mass customization. They surpass traditional manufacturing processes and have become applicable to any field ranging from medicine to fashion. The gamechangers: 3D Printers.
In 2007, in response to widespread discontent over Apple’s refusal to divulge any details about the company’s carbon footprint, Steve Jobs penned a letter promising greater transparency and a shift to more sustainable practices across the corporation.
Navigating the financial markets is all about predicting the future. Yet very few of the brightest minds in finance foresaw the precipitous crash in oil prices that began late last year. Not even Carl Icahn, one of the most respected fund managers in history.
The luxury hotel market is on the rise, creating increased competition that will generate a need for luxury hotel companies to refocus their business strategies according to its dynamic market preferences.
The price of crude oil, seemingly stabilized after a lengthy period of precipitous decline, dropped again to $43 a barrel last week as global production continued mostly unabated, prompting the International Energy Agency to issue a warning that current oil storage capacity is reaching its limit.
S&P Dow Jones Indices announced that Apple will join the Dow Jones Industrial Average on March 19, replacing telecommunications giant AT&T Inc. A planned stock split by Visa Inc. this month reduced the information technology-sector weighting of the Dow, clearing the way for Apple’s inclusion.