IBM developer Andy Trice popped by the TechCrunch New York offices to demo a hack he’s been working on in his spare time, utilizing the company’s cloud computing platform and off-the-shelf drone hardware from DJI. The system, which started as a pet project for Trice, is able to gather and transmit data in real-time, offering up such useful contextual information as precise… Read More
Restructuring iHeartMedia’s $21 billion in debt isn’t getting any easier for Chief Executive Bob Pittman. A senior lender to the country’s largest radio station owner told The Post on Wednesday he would prefer the San Antonio company goes bankrupt than take Pittman’s latest restructuring offer. The creditor, who is not typically seen as an activist,
Billionaire Elon Musk’s grip over Tesla Motors has grown too tight as he pursues a controversial merger of the company with solar-panel maker SolarCity, an investor group complained. CtW Investment Group, a manager of union-based pension funds that hold 200,000 Tesla shares, demanded in a letter that Tesla separate Musk’s chairman and CEO roles.
A Manhattan judge has barred Macy’s from detaining shoppers suspected of stealing and forcing them to pay a penalty before letting them go. The ruling came in Brooklyn resident Cinthia Orellana’s class-action suit against the retailer because its staffers locked her in a holding cell inside Macy’s Herald Square store for allegedly shoplifting discount shirts