Home » Business

Rickshaw Ride-Sharing Service Created for Refugees

Rickshaw Ride-Sharing Service Created for Refugees

For millions of refugees that live in camps, the ability to rebuild their lives is dependent upon transportation. Without transportation, families in the refugee camps are not able to reach hospitals, send their children to schools,... 
Self-Powered Wearable Sensor Acts as Body Glucose Monitor

Self-Powered Wearable Sensor Acts as Body Glucose Monitor

Scientists in New York have developed a new paper-based, self-powered wearable sensor that allows people with diabetes to measure their levels of glucose from sweat during their exercising. The most widespread current methods for self-testing... 
Northrop Acquiring Orbital ATK in $7.8 Billion Deal

Northrop Acquiring Orbital ATK in $7.8 Billion Deal

Defense specialist Northrop Grumman Corp has agreed to acquire Orbital ATK Inc. in a deal for $7.8 billion, which bolsters the space and missile businesses of one of the country’s biggest defense contractors. Shareholders of Orbital... 
Nestle Paying $425 Million to Acquire Coffee Company

Nestle Paying $425 Million to Acquire Coffee Company

Nestle SA will purchase Blue Bottle Coffee as the Switzerland based company looks to bolster its presence in the U.S. amidst growing demand for upscale coffee blends. Nestle is paying $425 million for a stake of 68% in the company,... 
Microgaming HQ Wins Major Environmental Award

Microgaming HQ Wins Major Environmental Award

Microgaming HQ wins major environmental award, and this is something that all businesses should consider, especially if they are competing with Microgaming. Lots of them are trying to figure out how they can gain an edge over Microgaming. At... 
Mophie and Belkin Already Offering Wireless Charging for new iPhones

Mophie and Belkin Already Offering Wireless Charging for new iPhones

The wireless charging pads for the new Apple iPhones will not be available until 2018, but Mophie and Belkin two big third-party providers said their products that are compatible are on sale already. As was highly anticipated and expected,... 
Nordstrom Opening Store With No Clothes but Serves Beer

Nordstrom Opening Store With No Clothes but Serves Beer

Nordstrom will try out a smaller store. The upscale department store announced on Monday that it would be opening a small store of 3,000 square feet, just a fraction of the size of one of its typical stores of over 140,000 square feet. The... 
Kroger Stock Drops On Fall in Profit

Kroger Stock Drops On Fall in Profit

Kroger Co. posted profit that was sharply lower as the largest supermarket chain in the country slashed prices while investing in technology to help it maintain pace with increased competition amongst grocers. The grocer, based in... 
Billionaire in China Sues Social Media for Malicious Rumors

Billionaire in China Sues Social Media for Malicious Rumors

One of the richest men in China has taken legal action against what he called rumor mongers that he accused of spreading fake news about his company and him. The huge Chinese conglomerate Dalian Wanda Group, has filed several lawsuits... 
Los Angeles Times-Chicago Tribune Group Buys New York Daily News

Los Angeles Times-Chicago Tribune Group Buys New York Daily News

The chain of newspapers led by Michael Ferro the software entrepreneur bought the tabloid New York Daily News, adding the largest media market in the nation to its mix of dailies that include the Chicago Tribune, Baltimore Sun and... 
European Union Approves Air Berlin Lifeline

European Union Approves Air Berlin Lifeline

The European Union’s European Commission has approved a bridge loan for Germany based Air Berlin that will maintain the insolvent airline flying while it attempts to find buyers for the company’s assets. Air Berlin, the second... 
Campbell Stock Dives As Poor Outlook Follows Buffett Blow

Campbell Stock Dives As Poor Outlook Follows Buffett Blow

Campbell Soup Co. saw its shares plunge after it posted earnings that disappointed. The packaged food conglomerate also delivered a forecast that was weaker than was expected, bringing additional evidence that a slump industry wide... 
Google Denies it Urged Firing by Think Tank of Critic

Google Denies it Urged Firing by Think Tank of Critic

Google has rejected the claims on Wednesday of a critic who said the search engine giant played a role in firing him from a prominent think tank following his open praise of the decision by the European Commission to fine the tech... 
Kik Raising $135 Million with Sale of Digital Currency

Kik Raising $135 Million with Sale of Digital Currency

Kik Interactive the messaging startup based in Canada will be receiving its largest to date cash infusion, but much of the injection of new cash will be from just regular people rather that from venture capitalists. The Ontario-based... 
Domino’s Pizza and Ford Motor Delivering Pizza in Self-Driving Vehicles

Domino’s Pizza and Ford Motor Delivering Pizza in Self-Driving Vehicles

Domino’s Pizza and Ford have teamed up for a research trial in which Ford vehicles equipped with technology for self-driving will be delivering pizzas to regular customers, in an attempt to determine how it will be accepted by everyday... 
Engineer at Volkswagen Sentenced to Prison for Diesel Case

Engineer at Volkswagen Sentenced to Prison for Diesel Case

An engineer with Volkswagen on Friday was sentenced to 40 months behind bars for the role he played in the German automaker’s scheme of 10 years to cheat emissions testing for vehicles with diesel motors sold in the U.S. James Liang... 
Qantas Profit Tops Estimates, Investors Given More Cash

Qantas Profit Tops Estimates, Investors Given More Cash

Qantas Airways Ltd. said it will offer its fourth buyback of shares in the past two years as the air carrier posted annual earnings that were better than had been expected, and marking an end of its turnaround of three years under... 
Dixons Carphone Shares Plummet on Mobile Slowdown Warning

Dixons Carphone Shares Plummet on Mobile Slowdown Warning

Shares of Dixons Carphone Plc plunged on Thursday after it forecast a drop in its earnings this year, which was unexpected. Shares fell by up to 32%, as more expensive phones and a lack of new, hot products deterred Brits from upgrading... 
CEO of Chevron Stepping Down

CEO of Chevron Stepping Down

Chevron Corp CEO John Watson announced he would step down by the end of September and his likely successor will be Mike Wirth the Vice Chairman, said a source, who is familiar with this ongoing matter. The shake-up, which was unexpected,... 
Great Wall in China Confirms Fiat Chrysler Interest

Great Wall in China Confirms Fiat Chrysler Interest

Great Wall Motor Co., based in China is interested in making a bid for Fiat Chrysler Automobiles, said a company official Monday, which confirmed the reports it was pursuing part of or all of the owner of Ram trucks and Jeep brands. Speculation... 
Apple Making Big Investment In Original Content

Apple Making Big Investment In Original Content

Apple Inc. (NASDAQ:AAPL) is planning to invest about $1 billion over the next year in acquiring and producing original TV shows. Apple is reportedly looking to match the high-quality content of networks like HBO. According to a source... 
J.C. Penney Earnings Report Shows Weakness In Apparel Business

J.C. Penney Earnings Report Shows Weakness In Apparel Business

In the second quarter ended July 29, J.C. Penney (NYSE:JCP) saw its net loss net loss widen to $62 million, or 20 cents per share, from $56 million, or 18 cents per share, in the same quarter of the previous year. So far this year,... 
Blue Apron Announces Its Plans For 2 New Jersey Facilities

Blue Apron Announces Its Plans For 2 New Jersey Facilities

Blue Apron Holdings Inc. (NYSE:APRN) has announced plans to close a New Jersey facility and move those jobs to a new facility opening in the state later this year. According to a public notice, 1,270 Blue Apron employees would be affected,... 
Investor Wants Barnes & Noble To Sell Itself

Investor Wants Barnes & Noble To Sell Itself

Activist investor Sandell Asset Management Corp. has written a letter to the Barnes & Noble (NYSE:BKS) board stating that the chain should try to sell itself. The investor believes that Barnes & Noble should be owned by investors... 
Microsoft Tops Estimates For Profit And Revenue

Microsoft Tops Estimates For Profit And Revenue

Microsoft Corp. (NASDAQ:MSFT) reported better-than-expected quarterly profit and revenue for the fourth quarter of its fiscal year, ended June 30. Microsoft reported net income of $7.7 billion, or 98 cents a share, on revenue of $24.7... 
Trump International Hotels Suffers Security Breach

Trump International Hotels Suffers Security Breach

Trump International Hotels Management has revealed that 14 of its properties have been compromised by a data breach. The affected properties included Trump Las Vegas, Trump Chicago, and the recently-opened Trump hotel in Washington,... 
Abercrombie & Fitch Shares Plunge After Termination Of Takeover Talks

Abercrombie & Fitch Shares Plunge After Termination Of Takeover Talks

Abercrombie & Fitch (NYSE:ANF) has announced that it has terminated talks over a potential sale of the business. In a press release, Abercrombie chairman Arthur Martinez said that the retailer “determined that the best path... 
US Consumer Spending Gain Only Slightly Despite Higher Incomes

US Consumer Spending Gain Only Slightly Despite Higher Incomes

Consumer spending in the United States jumped up in May, but only slightly, indicating that people would prefer to save as much money as possible, even in the face decelerating inflation that typically accelerates the value of what... 
Federal Investigations Into SeaWorld Revealed In SEC Filing

Federal Investigations Into SeaWorld Revealed In SEC Filing

SeaWorld Entertainment Inc. (NYSE:SEAS) has revealed that the company is the subject of multiple federal investigations. Two federal agencies are reportedly investigating SeaWorld over statements about the 2013 “Blackfish” documentary... 
Allegiant Launches Biggest Route Expansion Yet

Allegiant Launches Biggest Route Expansion Yet

Allegiant Air (NASDAQ:ALGT) is expanding to 28 new routes and three new destinations, according to a statement by the company. Allegiant began with one plane and one route in 1999. Now, the airline operates more than 80 aircraft and... 
Snap Inc. Reaches $100M Show Deal With Time Warner

Snap Inc. Reaches $100M Show Deal With Time Warner

Time Warner (NYSE:TWX) is reportedly planning to invest $100 million in shows and advertising on Snap Inc.’s (NYSE:SNAP) Snapchat over the next two years. The information comes from a person familiar with the matter who asked... 
Nestlé Seeking Buyer For Its U.S. Candy Business

Nestlé Seeking Buyer For Its U.S. Candy Business

Nestlé SA (NESN) has put its U.S. confectionery business up for sale. The U.S. confections business generated about $922 million in sales last year, representing 3 percent of its total U.S. sales. Based on analysts’ valuations... 
Housing Market Perfect Storm Makes It Hard To Buy, Even for the Most Qualified

Housing Market Perfect Storm Makes It Hard To Buy, Even for the Most Qualified

The number of homes available for purchase has been on the steady decline and that has resulted in price escalation throughout many large US metropolitan areas. Indeed, coast to coast, potential buyers are finding it harder and harder... 
Uber Hires Management Academic To Fix Leadership Shortcomings

Uber Hires Management Academic To Fix Leadership Shortcomings

The ride-hailing service Uber has recruited a Harvard Business School management professor, Frances Frei, to serve as the company’s first leadership and strategy senior vice president. This comes as the ride service company tries... 
Uber Comes Under Criticisms For Surge Pricing During London Attacks

Uber Comes Under Criticisms For Surge Pricing During London Attacks

Uber has come under heavy criticism after surge pricing was kept in place longer than it should have been following the London Bridge attacks when city residents and tourists who had panicked tried to get away from terrorists who had... 
Uber’s CFO Is Leaving For Another Startup

Uber’s CFO Is Leaving For Another Startup

The chief financial officer of Uber, Gautam Gupta, will be leaving the ride-hailing firm in July, in yet another high-profile executive departure. This is according to a report in the Wall Street Journal. It is understood that Gupta... 
China Credit Rating Downgraded By Moody’s

China Credit Rating Downgraded By Moody’s

The issuer ratings of China were downgraded by Moody’s Investor Services on grounds that the country’s financial strength will be eroded in the years to come. The downgrade means that now China has an A1 rating after falling one... 
Big Chemicals Groups—Huntsman and Clariant—Announce $14 Billion Merger

Big Chemicals Groups—Huntsman and Clariant—Announce $14 Billion Merger

On Monday, chemical manufacturing giants Huntsman and Clariant announced their plan to merge and create a new, larger manufacturing company with an estimated market value worth upwards of $14 billion. This would bring the aircraft... 
Concerns Raised Over Worker Safety At Tesla As Production Level Rises

Concerns Raised Over Worker Safety At Tesla As Production Level Rises

Reports indicate that workplace injuries at Tesla factories are on the rise as the electric carmaker sets new production goals that are highly aggressive. According to a report that appeared in The Guardian, since 2014 there have been... 
US Home Builder Confidence Up, But We Aren’t Out of the Water Yet

US Home Builder Confidence Up, But We Aren’t Out of the Water Yet

On Monday, Wells Fargo bank and the National Association of Home Builders both said their index for builder confidence on newly-built, single-family units more than doubled. From 68 points in April, the index increased by 70 points,... 
IBM Expecting Demand For Data Scientists To Grow By 28% By 2020

IBM Expecting Demand For Data Scientists To Grow By 28% By 2020

A new report by IBM indicates that by 2020, data savvy professionals will be in high demand given the huge investment by tech giants on data science and analytics. According to the firm openings for data savvy professionals is set... 
Aetna To Pull Final States From ACA Exchanges, Now Completely Out

Aetna To Pull Final States From ACA Exchanges, Now Completely Out

On Wednesday, health insurance provider Aetna (AET) announced plans to completely pull out of the ACA marketplace in 2018. According to Health and Human Services Secretary Tom Price, the move is probably a solid sign of steady instability... 
Democrats Call For Probe On Icahn For Financially Exploiting Informal Presidential Adviser Role

Democrats Call For Probe On Icahn For Financially Exploiting Informal Presidential Adviser Role

Eight United States Senators from the Democratic Party are demanding that Carl Icahn, the activist investor and Trump adviser, be investigated for possible violation of laws including insider trading. This is pertaining to his advice... 
Gander Mountain To Remain Open As New Owner Takes Charge

Gander Mountain To Remain Open As New Owner Takes Charge

Following reports that all the remaining stores belonging to Gander Mountain were being closed, the new owner of the outdoor chain store has come out to clarify that it is not the case. Marcus Lemonis, the new owner of Gander Mountain... 
American Airlines Announces Leg Room Cuts to Economy Cabin

American Airlines Announces Leg Room Cuts to Economy Cabin

On the heels of major customer service complaints throughout the airline industry, American Airlines is making some changes; but probably not in a way that you would expect. This week the popular air carrier has announced it is decreasing... 
Apple Said To Be Considering Launching A Money Transfer Service

Apple Said To Be Considering Launching A Money Transfer Service

Reports indicate that Apple is considering developing a money-transfer service. Sources say that the Cupertino, California-based tech giant has held talks with partners in the payments industry about such a move. With the money transfer... 
Under Armour Struggling, But Holding Strong

Under Armour Struggling, But Holding Strong

For a second there, it looked like things were going to start going badly for Under Armour Inc but investors found relief Thursday morning when the company posted that the loss they experienced was not as bad as the loss they had originally... 
Will Tradeoffs In The Next iPhone Boost Or Dampen Demand?

Will Tradeoffs In The Next iPhone Boost Or Dampen Demand?

As the world gears up for the launch of the next iPhone, reports indicate that some of the rumored changes and features suggest that the tradeoffs that are likely to be made in order to come up with a revolutionary product might not... 
Starbucks Launches The Unicorn Frappuccino For A Limited Period

Starbucks Launches The Unicorn Frappuccino For A Limited Period

Starbucks has unveiled a new Unicorn Frappuccino drink that will be available for just a few days. The drink has been described by the Seattle, Washington-based coffee giant as being pleasantly sour, fruity and sweet. Additionally,... 
Vertex Pharma Stock Up On Promise of Cystic Fibrosis Treatment

Vertex Pharma Stock Up On Promise of Cystic Fibrosis Treatment

Shares of Vertex Pharmaceuticals Incorporated jumped up nearly 19 percent in pre-market trading on the heels of the company announcing positive data from two phase III studies. These studies were intended to evaluate its lead drug,...