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Amazon plans revamp of Alexa with monthly fee, AI features

Amazon plans to overhaul its decade-old, money-losing Alexa service by introducing a generative conversational AI with a two-tiered service, with access to the higher version costing around $5 a month, according to people with direct knowledge of the company’s plans. The project, known internally as “Banyan” after the sprawling fig tree, marks the first major […]

Ex-Starbucks CEO Howard Schultz demands coffee chain revamp

Former Starbucks CEO Howard Schultz posted a lengthy essay on LinkedIn urging the coffee chain to rethink its U.S. operations after the company reported disappointing quarterly results. Mr. Schultz, who resigned from the board last fall after becoming the public face of the company’s pushback against employee unionization efforts, said that Starbucks was “enthusiastically focused […]

Snap Signals Ad Revamp Is Finding an Audience; Shares Surge – Yahoo Finance

(Bloomberg) — Snap Inc. is gaining popularity among marketers for its efforts to shake up its digital advertising business, boosting revenue and increasing competition from powerhouses Google and Metaplatforms Inc. It showed a bright sign. Shares soared 26% premarket. transaction. Most Read Articles on Bloomberg The company said in a statement Thursday that sales for […]

Billionaire Texas Oilman Inks Deal to Revamp Venezuela’s Onshore Oil Fields

LNG Energy Group, a Canadian-based company owned by billionaire Texas businessman Rodney Lewis, has signed a deal with Venezuela’s state oil company PDVSA to rehabilitate five onshore oil fields, according to the Associated Press. mediated. report Wednesday. The deal was announced days after US President Joe Biden took office. returned Oil and gas sanctions against […]

Barry Diller teams up with media moguls to revamp Daily Beast

Barry Diller wants to turn around the struggling online tabloid The Daily Beast with the help of veteran media moguls Ben Sherwood and Joanna Coles. Mr. Sherwood, a former Disney executive, and Mr. Coles, a former content chief at Hearst, are both looking to get back into the media game, and Mr. Diller tried unsuccessfully […]

Boston Properties wrapping up $100M revamp of 360 Park Avenue South

No, the world hasn’t ended. That’s not the end of 360 Park Avenue South, the prewar office tower on East 26th Street that Boston Properties is completing over $100 million in relocation and renovation. Last week, the Canada Pension Plan Investment Board unloaded its 29% stake in Tower for just $1. The lucky payer of […]

Rangers considering significant revamp of stale power play

The Rangers’ power play has fallen into a rut, so head coach Peter Laviolette has made some major personnel changes to refresh the team. Laviolette will try to take a more balanced approach to the two power play groups, given the fact that this season’s mostly intact top unit has slumped to 0-of-14 over the […]

CVS to revamp its drug-pricing model

Pharmacy giant CVS Health on Tuesday announced an overhaul of its drug pricing model to increase transparency amid scrutiny over soaring drug prices. The new system, called CVS CostVantage, moves reimbursement from pharmacy benefit managers and insurance companies to a fixed fee. announcementPreviously reported by. Wall Street Journal. Out-of-pocket drug prices in the United States […]

McDonald’s to revamp burger patties in major fast food overhaul

Mike Binger, president of Gradient Investments, explained on “The Craman Countdown” why he added McDonald’s and Ulta Beauty to his portfolio. Although the menu looks the same, McDonald’s plans to make major changes to the most popular item on the menu, the burger, the Wall Street Journal reported Thursday. Golden Arches said the new and […]