Video: Peoria City Council 2-24

February 25, 2015 in business by Business

Council discusses food trucks, CodeRed Emergency Notification System, and Bloomberg Philanthropies grant
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Video: Everyone Chill ? the Apple Car Isn’t Coming Any Time Soon,

February 20, 2015 in business by Business

Apple is a company with a long, long history of extremely tightly-controlled media access. It doesn't want to engage, and doesn't need to, unless we're all getting the wrong impression about something. Say, for example, whether or not it's time to get excited about an Apple Car. So the Bloomberg story that dropped late Thursday ? warning us that it would be at least 5 years until we see an Apple Car rolling off a production line ? had many of the hallmarks of a strategic Apple leak.
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Video: Snapchat Reportedly Raising More Funding at Valuation of up to

February 17, 2015 in business by Business

It's Deja vu all over again. According to a Bloomberg report on Tuesday, citing a source familiar with the matter, Snapchat is looking to raise as much as $500 million in a new funding round at a valuation of up to $19 billion.If that valuation sounds oddly familiar, it's probably because that's the amount Facebook originally agreed to pay for WhatsApp one year ago this week. Snapchat famously turned down a $3 billion acquisition offer from Facebook in late 2013 and was said to be valued at $10 billion in an investment last year.??
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Video: Bloomberg: American Express and JetBlue Ending Card Partnership

February 13, 2015 in business by Business

According to a published report, one day after American Express said that its credit card partnership with Costco Wholesale Corp would end next year, Amex is also ending its co-branded card deal with JetBlue. Bloomberg cited people with knowledge of the matter, saying on Friday that JetBlue has reached a new deal with Barclays and Mastercard. Representatives of American Express, Jet Blue and Barclays declined to comment on the report.??
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Video: Ginsburg: America More Accepting of Gay Marriage

February 12, 2015 in business by Business

Following tense battles in Alabama this week over same-sex marriage, Supreme Court Justice Ruth Bader Ginsburg said the country is moving and growing more accepting of gay couples marrying. Ginsburg told Bloomberg News ?I think that as more and more people came out and said that ?this is who I am,? the rest of us recognized that they are one of us.? Ginsburg added that it ?would not take a large adjustment? for Americans to support same-sex marriages if the court were to rule in favor of it.??
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Video: Tesla Plans to Offer Its Batteries to Power Homes

February 12, 2015 in business by Business

Tesla, which has disrupted the auto industry, is now looking to disrupt the utilities business. Confirming previous reports, Tesla CEO Elon Musk told analysts on Wednesday during the company's fourth-quarter earnings call that it plans to offer batteries for homes and businesses. Musk told Bloomberg, ?We are going to unveil the Tesla home battery, the consumer battery that would be for use in people?s houses or businesses fairly soon.
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Video: Harvard Bans Sex Between Professors and Undergrad Students

February 7, 2015 in business by Business

Harvard University has banned its faculty members from having sex with undergraduates, revising a conduct policy that school officials decided did not sufficiently recognize the "unequal status" between professors and students. According to a statement released to NBC News, the change, which was first reported by Bloomberg on Thursday, came about as part of a review of the Ivy League institution's Title 9 policy on sexual and gender-based harassment.
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Video: Tesla Really Likes Poaching Employees From Apple

February 6, 2015 in business by Business

If Elon Musk is your dream boss, here's a career move that might help: work for Apple . According to a Bloomberg report, Tesla has a thing for Apple employees. The electric car manufacturer has hired around 150 Apple staffers. On the other hand, the company's CEO who is also the founder of SpaceX ? said in the report that Apple has been trying to attract Tesla employees, going so far as to offer $250,000 sign-on bonuses and 60% raises. Musk said, quote: "Apple tries very hard to recruit from Tesla."??
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Video: Report: Amazon May Scoop up Some Closing RadioShack Stores

February 3, 2015 in business by Business

A report says Amazon is in talks to buy some of RadioShack's soon-to-be-closed stores. According to Bloomberg, the online giant would be interested in using the stores if and when RadioShack filed for bankruptcy, Amazon would use the locations to display its hardware and provide pickup and drop-off centers for online customers. Amazon reps could not be reached for comment on the report.
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Video: Amazon, Sprint May Buy Some Radioshack Stores

February 3, 2015 in business by Business

Bloomberg reports that Amazon has considered using the RadioShack stores as showcases for the Seattle-based company's hardware, as well as potential pickup and drop-off centers for online customers. Citing two sources, Bloomberg reported Monday that Sprint and RadioShack have had talks about co-branding some of the stores. The rest of the stores would close down.
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