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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 »
Kitson Shuttering All of Its Seventeen Stores
The boutique chain Kitson, based in Los Angeles once frequented by the rising stars of Hollywood will go out of business. The company announced late Thursday that it would close each one of its 17 stores located in California, Nevada... More of this article »
Yahoo Ends Spinoff Plans for Alibaba Stake
Yahoo Inc has ended its long anticipated spinoff of its stake in Alibaba Group Holdings amidst the mounting pressure from its investors that are concerned about the possible tax risks involved with the deal. Instead, the Internet portal... More of this article »
Dow Chemical, DuPont Discussing $130 Billion Merger
Merger talks are taking place between DuPont and Dow Chemical Co that would create a titan in the chemical industry, with a market value of over $130 billion. That helped to lift shares of Dow to a new record in trading on Wednesday... More of this article »
Snapchat Experiences Long Outage, Working to Find Fix
Multiple users of Snapchat, the photo based social network have used Twitter to express frustration over the long outage of the site that has stopped them form exchanging video and photos. The messaging service, that is image based... More of this article »
Anglo American Gives Business an Overhaul
Anglo American is selling more of its assets, suspending dividends until 2016 year-end and whittling down its divisions from six to three due to the severe commodity price drops, said the mining company Tuesday. The overhaul of the... More of this article »
Oil Price Touches Low of Post 2009, As Glut Expands
On Tuesday, oil prices continued declining with U.S. crude dropping below a per barrel price of $37 and Brent falling below $40 for just the first time since the early months of 2009. This came amidst new fears that the world is running... More of this article »
Qualcomm Accused by EU of Using Market Power to Advantage
Antitrust regulators with the European Union have charged U.S. based Qualcomm with abusing its market share power to thwart its rivals, putting the number one mobile chipmaker in the world at risk of receiving a large fine. The European... More of this article »
JAB Acquisition of Keurig Green Mountain Signal the Beginning of the End for the Coffee Industry?
Coffee is the most popular beverage in the world, consumed—in some form or another—by just about every culture on almost every continent of this planet. Of course, this means that coffee comes in many forms and for those in the... More of this article »
Antitrust Regulators Halt Two Major Mergers This Week
“We’re smack in the middle of a merger wave,” explains American Antitrust Institute president Diana Moss. “You have an environment where you have very few competitors in key markets.” On Monday, for example, two of these... More of this article »
121 Million Americans Expected To Shop Cyber Monday
Cyber Monday has quickly become one of the biggest shopping days of the year. This year, the tenth officially for Cyber Monday, more than 121 million Americans are expected to take to their computers to shop. The number of expected... More of this article »
Times Square Toys R Us Sees Final Black Friday
The iconic Toys R Us toy store located in Times Square is celebrating its last Black Friday in its current location. The company announced earlier this year that it would not be renewing its lease when it runs out in January 2016.... More of this article »