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Boeing Bags Commercial And Military Deals From The Saudis
Boeing has emerged as one of the high-profile winners during the visit by the President of the United States to Saudi Arabia. This is after the aircraft maker inked a couple of commercial and defense deals with the kingdom that will... More of this article »
Could Amazon Crack Open the Pharmacy Space with new Business?
Bessemer Venture Partners health investor Steve Kraus remarked on a move by Amazon today, explaining that the company is looking to break into the pharmacy industry. The move into the pharmacy space, he says, is actually not very surprising... More of this article »
Macy’s Sales Down, Retailer Scrambles to Restructure
Shares of popular retailer Macy’s were down 10 percent in premarket trading on Thursday after the department store operator reported yet another in a trend of dismal results that appear to demonstrate the company is failing to... More of this article »
Accenture Awarded For Its Contribution In Deploying SAP Enterprise Software
Three SAP Pinnacle Awards have been given to Accenture. These include SuccessFactors Partner of the Year for big enterprise firms, Ariba Partner of the Year, and Hybris Partner of the Year for big enterprise firms. Receiving any of... More of this article »
Coach Buys Up Kate Spade
Investors in the Coach brand of luxury handbags think they are getting quite a bargain out of a recent acquisition. Coach Inc just spent $2.4 billion to acquire competitor Kate Spade & Co, sending Coach on one of its biggest stock... More of this article »
AT&T Might Turn To Debt Markets To Finance Time Warner Purchase
Reports indicate that AT&T will turn to the bond market in Europe in order to finance its purchase of Time Warner. The acquisition will cost AT&T $85.4 billion. In that regard, AT&T is said to be holding meetings in Europe... More of this article »
Caterpillar Shares Jump Even as the Company Cuts 2017 Earnings Guidance
On Tuesday, heavy industrial equipment maker Caterpillar reported stocks are up more than 6 percent in premarket trading, though they may have to cut full year forecasts on earnings per share due to higher than expected restructuring... More of this article »
Facebook To Have An Ethics Board For Its Brain-Computer Interface Technology
An ethics board will be assembled by Facebook in order to monitor the development of technology aimed at interfacing the brain with the computer to prevent ethics violations. This was disclosed during Facebook’s F8 conference. Plans... More of this article »
Elliott Management Calls Foul When Arconic CEO Quits Via Letter
Shares of Arconic Inc rose nearly 10 points on Monday to reach $28.44 in early trading after chief executive Klaus Kleinfeld resigned from the US-based specialty metals maker, amid great attempts by the Elliott Management hedge fund... More of this article »
Passenger Who Was Forcibly Removed From A United Airlines Flight To Sue
Attorneys of David Dao, the United Airlines passenger who was forcibly dragged out of a plane, have gone to court seeking to have the carrier preserve all the evidence that relates to the incident that occurred in Chicago, Illinois.... More of this article »
Major Ski Resort Companies To Merge In $1.5 Billion Deal
Aspen Skiing Company LLC is teaming up with KSL Capital Partners LLC to buy up Intrawest Resorts Holdings Inc, a company that owns six ski resorts across the whole of North America. The deal is reported to be worth approximately $1.5... More of this article »
Will Philly’s New “Soda Tax” Effectively Discourage Sugary-Drinks?
Beverage giant PepsiCo has just announced plans to cease sales of its six-pack cans and two-liter bottles in the city of Philadelphia, thanks to the city’s new—and controversial—“soda tax.” At the beginning of the year,... More of this article »
Just How Many Jobs Are At Risk to Automation In the Coming Decades
blood sample Over the past decade (or three)–and, actually, since the days of Romantic literature—the fear of technology getting out of hand has long been an awareness but maybe never a reality. Well, we are not quite there... More of this article »
Absent Comma Sets Off $10 Million Overtime Pay Lawsuit
Grammar snobs have something to rejoice about today, though the reason is not a pleasant one for those on the short end of a new punctuation snafu. Apparently, a single missing comma means that route delivery drivers for the Oakhurst... More of this article »
General Motors Corp To Add and/or Retain a Total of 900 Jobs
On Wednesday, General Motors Co announced a plan to add roughly another 220 jobs and to hold onto another 680 jobs at its Michigan facilities within the next year. The company makes this resounding pledge as President Donald J. Trump... More of this article »
Planned Parenthood Supporters Rally, Saturday, To Protest Pending Federal Funding Cut
Health care providers from Planned Parenthood, along with patients, supporters, and even elected officials are meeting up for a rally in the Boston Common, Saturday, to protest against the congressional attempts to cut funding for... More of this article »
Bridgewater Associates CEO To Execute Corporate Leadership Transition
Wall Street The founder of Bridgewater Associates, Ray Dalio, began his exit strategy 7 years ago. Upon turning 60, the high-flying hedge fund investor realized that, perhaps, retirement was nearing and began to work on a succession... More of this article »
Family Christian Retail Store Chain To Close All of Its Stores
Christian retail store chain Family Christian has just announced a plan to close all of its stores. After 85 years in business, the self-proclaimed (and it is probably true) “world’s largest retailer of Christian-themed merchandise”... More of this article »
Macy’s Profits Beats Estimates, but Sales Still in Decline
The department store chain, Macy’s Inc, has a long history of success in the United States but despite higher-than-expected quarterly profit the company continues to struggle. Indeed, perhaps the only reason the company managed... More of this article »
Humana Pulls Out of HealthCare Exchange; Will They Start a Trend?
Insurance provider Humana has chosen to leave the ObamaCare health care exchanges by the end of this year, a decision which industry experts warn could be somewhat devastating for a massive population of Americans come 2018. Of course,... More of this article »
Hologic Inc to Snatch Up Cynosure in New $1.65B Acquisition
Hologic, Inc (Nasdaq: HOLX) may be typically best known for its breast imaging devices and diagnostic products but this week they are making waves with the announcement to sign an agreement with leading medical aesthetics systems company,... More of this article »
Facebook Adds new Community Help Tool To Existing Safety Check Feature
Social media has become a place not only of community of safety. These days, everyone checks into apps like Facebook to check in on people and let others know we are safe in addition to talking about common interests. Typically, though,... More of this article »
Starbucks (and Others) Announce Plans to Hire or Assist Refugees Affected by US Muslim Ban
Starbucks is only one of a handful of notable American companies that has just announced plans to hire—and even house and support—people who have been affected by President Trump’s sweeping immigration ban. The plan is to... More of this article »
Wells Fargo Looks Forward To Recovering From A Tough Year
Towards the close of 2016, Wells Fargo faced an unprecedented scandal when an investigation determined that bank employees created millions of unauthorized—fake–bank accounts in the names of customers in order to reap various... More of this article »
Banks and Oil Stocks Hold Dow Industrial Average Just Shy of 20,000 Benchmark
The Dow Jones Industrial Average may have come closer than ever to clearing the historic 20,000 benchmark—within only a single point, on Friday—but even though investors were looking forward to moving on from this expectation and... More of this article »
Run-DMC Sues Amazon and Wal-Mart Over In Trademark Dispute
Hip-hop pioneers and moguls Run-DMC have filed a $50 million lawsuit in New York, on Thursday, which accuses several retailers of selling products under the group’s trademarked name. More specifically, the lawsuit alleges that... More of this article »
Frontier Airlines Suffering Perfect Storm of Poor Performance Stranding Fliers in Denver, this Week
Long lines at crowded airports are common in December, as busy working families head across the country to spend the holiday season with loved ones. But things at Denver International Airport got a little out of hand this week when... More of this article »
Bill Gates Leads Clean Energy Transformation Fund
Microsoft founder Bill Gates is heading the charge of a $1 billion fund aimed at fighting climate change through clean energy innovation investments. Gates leads a veritable all-star cast of investors who plan to announce, today, the... More of this article »
Amazon Partners with Intel On Smart Speaker Reference Design for Smart Home Tech
The race to the top of the Internet-of-Things (IoT) world has begun and, as could be expected, Apple and Google are leading the charge on the mobile front, though Microsoft should not be discounted. However, we should not count out... More of this article »
Obama Administration Issues new Rules on Methane Waste
America may have elected a new president but Mr. Trump will not take office until next year. Until that time, then, the Obama Administration still has a few loose ends he is trying to tie up. For one, the Department of the Interior... More of this article »
Analysts Slash Guidance for CVS as Prescription Growth Slows
Shares of CVS Health dropped more than 11 percent in premarket trading, on Tuesday, after the drugstore retailer revealed it missed revenue projections. Citing slowing prescription growth and a loss of contracts to industry rivals,... More of this article »
Humana Beats Profit Expectations On Medicare Business
While the Affordable Care Act has seen many players in the medical industry struggling, health insurer Humana appears to doing quite well. The company has just reported, on Friday, quarterly profit higher than they originally expected.... More of this article »
Burger King Sales Slowing, Parent Shares Fall Slightly
Burger King parent company Restaurant Brands International has reported that same-store sales in the United States have fallen 0.5 percent through the third quarter (ending September 30). Company CEO Danial Schwartz said, during the... More of this article »
US Factory Production Continues to Rise
US manufacturing output continues to rise—now the third time in four months—on the back rising sales of consumer goods and construction materials. Experts are now saying that this is a major sign that the industry is recovering—albeit... More of this article »
Tech and Energy Stocks Drag Wall Street
Both the Dow and the Standard & Poors 500 showed losses, on Wednesday, as financial stocks rose in anticipation of the soon-to-come minutes from the September Federal Reserve policy meeting. Five of the eleven major S&P indexes... More of this article »
Shares of Bristol-Myers Fall to 2-Year Low After Cancer Drug Trial Fails to Reach Endpoint
Shares of Bristol-Myers Squibb Co fell to its lowest mark in roughly two years on the heels of its immune-based therapy Opdivo failing to surpass expectations in a recent study. This of course, has introduced questions over whether... More of this article »
CFPB Approves New Prepaid Debit Card Regulations
Lots of people depend on prepaid debit cards to maneuver through this complicated age of digital money. And its not only people who have had trouble with credit or banking in general. According to Pew Charitable Trusts director of... More of this article »
Bass Pro Shops To Buy Cabla for $5.5 Billion
Bass Pro Shops announced, on Monday, they have reached an agreement with Cabela to acquire the competitor. The private company deal has been valued at $5.5 billion, a conclusion to roughly 10 months of negotiations since Sidney, Nebraska-based... More of this article »
Goldman Sachs is Slashing Investment Banking Numbers in Asia
Goldman Sachs Groups Inc has just announced plans to lay off at least 25 percent of its investment bankers in Asia in the midst of a massive slowdown in activity throughout the region. These layoffs, as probably could have been expected,... More of this article »
Oracle Acquires Palerra, Boost Cloud Services Security
Software maker Oracle has just finalized its agreement to acquire Palerra. Experts expect this move to help solidify the company’s place and expand its Identity Cloud Service, a program touted to be the next generation security... More of this article »
Are Physical Pop-Up Stores the Secret to Amazon’s Success?
Within the last two decades, Amazon.com has singlehandedly changed not only the way people buy—and read—books, but the massive online retailer has helped to shape e-commerce as a whole. As the company grew in popularity—and success—it... More of this article »
Corona Issues Recall Over Concern of Glass in Bottles
Corona Extra beer parent company Constellation Brands Beer Division has just announced a voluntary recall after the discovery of glass particles in some bottles. The voluntary recall affects 12- and 18-packs of Corona Extra distributed... More of this article »
Kohl’s Says Sales Might Fall in 2016
Kohl’s Corp the operator of a department store chain in the U.S. warned that its sales might fall in 2016 and said it would likely not meet its target for 2017 of sales of $21 billion due to a weak economy and a consumer spending... More of this article »
Sears Loss Widens During 4Q on Poor Holiday Sales
A fourth quarter loss for Sears widened despite the retailer making deep cost cuts after the retailer, which has struggled for numerous quarters, limped through its important holiday shopping season. The company promised investors... More of this article »
Mars Candy Bars Recalled After Plastic Found
On Tuesday, Mars, the chocolate maker based in the United States announced that it would recall candy bars along with other items in 55 European countries as well as elsewhere after plastic was discovered in one product. Roel Govers,... More of this article »
Lumber Liquidators Shares Tumble After CDC Elevates Cancer Risk of Laminate Flooring
Shares of Lumber Liquidators slipped 19 percent in early trading Monday morning, falling to $11.51. This is in addition to the stock plummeting more than 70 percent after a “60 minutes” story aired, alleging the company’s... More of this article »
Apple Takes on the FBI in Unprecedented User Security Case
Apple has taken on many major players over the years. First, of course, they vied for position against Microsoft in the home computer market. They went up against RIM (Blackberry) and Google’s Android operating systems in the... More of this article »
Dr. Pepper Snapple Posts Promising 4Q Report
At a time when many companies in the beverage industry are struggling, it appears that Dr. Pepper Snapple’s Group posted a fourth quarter revenue that beat analysts expectations. Year over year, the company has posted sales reports... More of this article »