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Bill Ackman Ends Fight with Herbalife, Buys Shares of United Technologies

Bill Ackman Ends Fight with Herbalife, Buys Shares of United Technologies

Posted by on Mar 1st, 2018 // No Comments

William Ackman the billionaire activist investor wagered $1 billion six years ago that the stock price of Herbalife would plunge to zero after he publicly called the nutrition company nothing more than a fraud in a presentation for... 
New York Times Planning Television Program

New York Times Planning Television Program

Posted by on Feb 27th, 2018 // No Comments

The New York Times has podcasting perfected with “The Daily,” and now wants to break into television by having a weekly news program. The Times, according to a recent job listing, is looking to hire an executive producer for its... 
Sturm Ruger: Gun Sales Plummet

Sturm Ruger: Gun Sales Plummet

Posted by on Feb 22nd, 2018 // No Comments

On Wednesday, Sturm Ruger reported a drop in double-digits for gun sales as well as earnings for most the recent quarter and full year. Sturm Ruger is a major gun maker and said that its net sales dropped by 27% during its fourth quarter... 
Profit at BHP Falls Amidst Rising Prices of Commodities

Profit at BHP Falls Amidst Rising Prices of Commodities

Posted by on Feb 20th, 2018 // No Comments

BHP Billiton Ltd. reported a fall of 37% in its net profit for the first-half, but said its midyear dividend would be lifted by 38% following resurgent commodity prices that sharply increased company cash flow. BHP, which is the largest... 
CIA, FBI and NSA: Do Not Use Phones Made by Huawei or ZTE

CIA, FBI and NSA: Do Not Use Phones Made by Huawei or ZTE

Posted by on Feb 15th, 2018 // No Comments

Intelligence agencies in the U.S. issued stern warnings to U.S. citizens to not purchase smartphones that are made by Chinese phone makers ZTE or Huawei. Top CIA, FBI and NSA officials as well as those from the Defense Intelligence... 
Barnes & Noble Makes Job Cuts Following Dismal Holiday Sales

Barnes & Noble Makes Job Cuts Following Dismal Holiday Sales

Posted by on Feb 13th, 2018 // No Comments

Barnes & Noble will cut staff, as it lays off digital leads, lead cashiers and other workers with experience in a companywide cutting of staff The news arrived abruptly for most of the workers affected who arrived at work on Monday... 
Dunkin’ Donuts Will End Use of Foam Cups by 2020

Dunkin’ Donuts Will End Use of Foam Cups by 2020

Posted by on Feb 8th, 2018 // No Comments

Earlier this week, Dunkin’ Donuts announced that it would be ending its use of foam cups by 2020. The company added that it would replace the foam cups with a new paper cup with double walls. The coffee chain, based in New England,... 
New Jersey Enacting Regulations for Net Neutrality of its Own

New Jersey Enacting Regulations for Net Neutrality of its Own

Posted by on Feb 6th, 2018 // No Comments

ISPs wanting to conduct business with New Jersey must promise to treat all traffic on the internet equally. New Jersey, in doing this, becomes the most recent state to enact net neutrality regulations of its own following the dismantling... 
Phishing Scam Involving Netflix Provokes Warning by Police

Phishing Scam Involving Netflix Provokes Warning by Police

Posted by on Feb 3rd, 2018 // No Comments

A phishing scam over the past few months has been arriving in email inboxes of customer of Netflix. The scam attempts to trick people into releasing their personal data, such as credit card numbers. The fake notice in the email claims... 
AT&T Posts Earnings That Beat Expectations

AT&T Posts Earnings That Beat Expectations

Posted by on Feb 1st, 2018 // No Comments

On Wednesday, AT&T posted results for the fourth quarter that beat expectations on Wall Street. The company announced that it saw strong growth in wireless customers as well as fewer cancellations of subscribers than was projected... 
Steve Wynn Calls Accusations of Sexual Misconduct Preposterous

Steve Wynn Calls Accusations of Sexual Misconduct Preposterous

Posted by on Jan 27th, 2018 // No Comments

Steven Wynn the Las Vegas casino mogul routinely subjected women who were employed by him to unwanted sexual advances detailed dozens of present and past employees, said a report on Friday in the Wall Street Journal. However, the billionaire... 
Budweiser Falls Out of Top Three Favorite Beers in U.S.

Budweiser Falls Out of Top Three Favorite Beers in U.S.

Posted by on Jan 23rd, 2018 // No Comments

Budweiser is not amongst the three most popular brews in the U.S. any longer. Prior to 2001, Budweiser was the No. 1 selling U.S. beer, but relinquished its crown to Bud Light. In 2011, Budweiser was knocked down from second to third... 
Twitter Notifying Users Who Were Exposed to Propaganda from Russians

Twitter Notifying Users Who Were Exposed to Propaganda from Russians

Posted by on Jan 20th, 2018 // No Comments

Twitter Inc. is reviewing interference by Russians during the U.S. election in 2016 and said Friday that it would be notifying some users whether they had been exposed to content that a suspected propaganda service from Russia had... 
Apple Planning New Campus in U.S., Repatriating Cash

Apple Planning New Campus in U.S., Repatriating Cash

Posted by on Jan 18th, 2018 // No Comments

Apple Inc. will be opening a new campus that is part of its new five-year, U.S. investment plan of $30 billion. The tech giant also announced it would make one-off tax payments of approximately $38 billion on overseas cash, one of... 
SoftBank Might Split to Focus on Tech

SoftBank Might Split to Focus on Tech

Posted by on Jan 16th, 2018 // No Comments

Masayoshi Son becomes well known thanks to his big bets on companies such as Uber and Alibaba. However, the big move for the billionaire who founded SoftBank could be right in his own back yard. SoftBank, a telecom company based in... 
Live Nation Buys Assets of Ticketing Start Up After Settling

Live Nation Buys Assets of Ticketing Start Up After Settling

Posted by on Jan 13th, 2018 // No Comments

Songkick’s specialty was artist presales – selling large batches of tickets to fans in advance of a concert, often as much as 8% of the entire tickets for a particular show. Two years ago, the ticketing startup that operated from... 
Samsung Comes Up Short on Profit

Samsung Comes Up Short on Profit

Posted by on Jan 9th, 2018 // No Comments

Samsung Electronics Co. came up short of expectations on Wall Street for profit as the surging currency in South Korea and bonuses for the year-end outweighed its display orders from Apple Inc. for its new iPhone X. The electronics... 
Sears Holdings to Close Another 103 Stores

Sears Holdings to Close Another 103 Stores

Posted by on Jan 5th, 2018 // No Comments

Sears Holdings Corp announced it would be closing 103 more stores including 39 Sears and 64 Kmart stores that will be shuttered between March and April. Sears in its statement posted on its official website said it is continuing to... 
El Al Airlines Will Begin Silicon Valley Flights

El Al Airlines Will Begin Silicon Valley Flights

Posted by on Jan 3rd, 2018 // No Comments

El Al Airlines said Wednesday it would start nonstop flights from Tel Aviv to San Francisco during the fourth quarter, with its continued expansion into North America. The flag carrier of Israel is facing more competition for discount... 
With a Widening Lineup, Apple’s Dependence on iPhone X Lessens

With a Widening Lineup, Apple’s Dependence on iPhone X Lessens

Posted by on Dec 29th, 2017 // No Comments

In prior years, demand for the latest flagship iPhone handset was critical to the results of the company over the holiday season shopping quarter. However, it appears that dynamic may be changing as Apple’s lineup is widening of... 
Apple Board Tells Tim Cook to Fly Private Jet

Apple Board Tells Tim Cook to Fly Private Jet

Posted by on Dec 28th, 2017 // No Comments

The board of directors of Apple Inc. has told their CEO Tim Cook that he must fly a private jet when traveling, whether it is for work or pleasure. The new policy was first implemented recently in the interest of efficiency and security... 
Amazon: Echo Dot Was Best-Selling of All Products

Amazon: Echo Dot Was Best-Selling of All Products

Posted by on Dec 27th, 2017 // No Comments

The 2017 holiday shopping season has concluded which means that Amazon has released some of its data related to shopping online since the beginning of November. The Echo Dot, an Amazon branded product, was the top-selling Amazon device... 
China’s Booming Market for Pets Creating Deals

China’s Booming Market for Pets Creating Deals

Posted by on Dec 24th, 2017 // No Comments

The pet industry in China is booming. With an increase in the size of the middle class, a big move to urbanization and other changes in demographics such as increasing numbers of elderly, as well as people marrying and raising families... 
Companies Using Facebook to Keep Older Workers from Seeing Job Ads

Companies Using Facebook to Keep Older Workers from Seeing Job Ads

Posted by on Dec 21st, 2017 // No Comments

Verizon placed a Facebook ad a few weeks ago to recruit applicants for its unit that focuses on financial analysis and planning. The ad included a millennial-aged, smiling woman who was seated at her computer and promised new hires... 
Catt Sadler Leaving E! Because of Pay Dispute

Catt Sadler Leaving E! Because of Pay Dispute

Posted by on Dec 20th, 2017 // No Comments

Catt Sadler the longtime host on the E! channel said she will leave the company because of a huge pay disparity. In a blog post Tuesday night, Sadler wrote that she wanted to remain at E! but the channel would not pay. She added that... 
Spat Between Boeing and Bombardier Could Affect Trade Deals

Spat Between Boeing and Bombardier Could Affect Trade Deals

Posted by on Dec 19th, 2017 // No Comments

On Monday, Boeing and Bombardier traded barbs over the U.S. plane maker’s claim that its rival in Canada benefited from illegal government subsidies in the billions of dollars and sold its most recent airliner in the U.S. at less... 
Japan’s Amazon Planning Cell Phone Network of its Own

Japan’s Amazon Planning Cell Phone Network of its Own

Posted by on Dec 14th, 2017 // No Comments

Rakuten said on Thursday in a prepared statement it is planning to build a mobile network and hopes to launch services during 2010 and eventually have a minimum of 15 million subscribers. It is a big bold move by a company that began... 
Leadership at Airbus Under Heavy Criticism

Leadership at Airbus Under Heavy Criticism

Posted by on Dec 13th, 2017 // No Comments

Much speculation swirls around Airbus and the future of its senior management as probes over corruption have shaken the aerospace company and added fuel to the clash of egos between those at that top, said those familiar with this... 
HSBC No Longer Under Threat of U.S. Prosecution

HSBC No Longer Under Threat of U.S. Prosecution

Posted by on Dec 11th, 2017 // No Comments

HSBC has had its prosecution threat lifted in the United States over the allegation of money laundering across Mexico. The bank signed a document known as the deferred prosecution agreement or DPA that is considered a type of probation.... 
Lego Wins Copyright Case in China Against Imitators

Lego Wins Copyright Case in China Against Imitators

Posted by on Dec 7th, 2017 // No Comments

Lego won a landmark case against a pair of companies in China that made and sold toys nearly identical to the LEGO Friends range but using the brand Bela, said the Danish toymaker. This is the first time Lego succeeded in a copyright... 
Discovery Buys Majority Stake of OWN

Discovery Buys Majority Stake of OWN

Posted by on Dec 5th, 2017 // No Comments

Discovery Communications will pay $70 million to take the majority stake in OWN the Oprah Winfrey Network. Up to now, OWN was a 50/50 joint venture between Winfrey, the television star, and the giant in cable programming. This deal,... 
Australia Investigating Influence of Google and Facebook

Australia Investigating Influence of Google and Facebook

Posted by on Dec 4th, 2017 // No Comments

The impact of Google and Facebook across the media industry is being scrutinized in Australia. The competition regulator in Australia said on Monday that it was directed by the country’s federal government to investigate if internet... 
BMW Wants Partners to Help Develop Mini Electric Version

BMW Wants Partners to Help Develop Mini Electric Version

Posted by on Nov 29th, 2017 // No Comments

Germany’s BMW is talking with other carmakers across the globe in an attempt to find partners as a way of lowering costs of developing small electric cars, said Peter Schwarzenbauer one of the company’s management board members. He... 
OPEC Backing Extension of Nine Months, Russia Not On Board Yet

OPEC Backing Extension of Nine Months, Russia Not On Board Yet

Posted by on Nov 28th, 2017 // No Comments

All members of OPEC support the extension of their production cuts in oil through the end of 2018. However, Russia has not yet made that commitment leading up to Thursday’s meeting that will be held in Vienna, said people who are... 
Black Friday Strong Online, While Cyber Monday May Set Record

Black Friday Strong Online, While Cyber Monday May Set Record

Posted by on Nov 27th, 2017 // No Comments

Black Friday turned out to be hugely successful for online shopping, but experts predict Cyber Monday may be bigger. Adobe Digital Insights is projecting Cyber Monday to take in up to $6.6 billion in online sales, an increase of 16.5%... 
Sales at Lowe’s Top Wall Street, Helped by Purchases Related to Hurricanes

Sales at Lowe’s Top Wall Street, Helped by Purchases Related to Hurricanes

Posted by on Nov 21st, 2017 // No Comments

Lowe’s posted sales and earnings for the third quarter that beat the Street, as more consumers arrived at stores for emergency supplies prior to and repairs following the devastating wildfires and hurricanes. Shares of the home improvement... 
Lack of Comfort Hurting Victoria’s Secret Sales

Lack of Comfort Hurting Victoria’s Secret Sales

Posted by on Nov 18th, 2017 // No Comments

When one thinks about Victoria’s Secret what comes to mind is sexy lingerie, Miracle Bras and push-ups. However, the problem that Victoria’s Secret is facing today is women do not want all those things any longer. Early last year,... 
Far-Right Twitter Accounts Lose Verified Tick

Far-Right Twitter Accounts Lose Verified Tick

Posted by on Nov 16th, 2017 // No Comments

The microblogging social media platform Twitter has stripped many far-right accounts of the “verified badge” following a change to its policy. Amongst the accounts stripped of their tick is Jason Kessler, who took part in the organization... 
Reports: Amazon Ending Planned Bundled Video Service

Reports: Amazon Ending Planned Bundled Video Service

Posted by on Nov 15th, 2017 // No Comments

Amazon.com has ended its plans of launching a streaming service online that would bundle popular broadcast and cable networks in the U.S. because of its belief that it cannot earn sufficient money on that type of service, said those... 
Celebrity Claims He Almost Died from Eating Chipotle’s Food

Celebrity Claims He Almost Died from Eating Chipotle’s Food

Posted by on Nov 14th, 2017 // No Comments

Chipotle, the embattled restaurant chain has been hit again with another claim of foodborne illness. This time the claim is by an actor in Hollywood. Jeremy Jordan of Supergirl fame posted a story on Instagram alleging the food from... 
Mercedes Becomes Biggest Rival for Tesla

Mercedes Becomes Biggest Rival for Tesla

Posted by on Nov 13th, 2017 // No Comments

Tesla has seen itself have a meteoric rise to the top of the electric vehicle field, but the upcoming five years could be the biggest challenge it has faced to date. The small, underdog electric vehicle maker will soon face major automakers... 
Uber Ordered by Court to Give Drivers in UK More Rights

Uber Ordered by Court to Give Drivers in UK More Rights

Posted by on Nov 10th, 2017 // No Comments

Uber was dealt another setback in Britain when an employment court affirmed on Friday that Uber drivers should be considered workers and not treated as contractors. The ride-hailing company was seeking to overturn a 2016 court decision... 
Marissa Mayer: Yahoo Does Not Know How It was Hacked

Marissa Mayer: Yahoo Does Not Know How It was Hacked

Posted by on Nov 9th, 2017 // No Comments

Former CEO at Yahoo Marissa Mayer admitted to a congressional committee on Wednesday that Yahoo still does not know how computer hackers were able to compromise information of billions of users on the Internet pioneer’s site. In... 
Notes Sewn Inside Clothing Being Found by Zara Customers

Notes Sewn Inside Clothing Being Found by Zara Customers

Posted by on Nov 6th, 2017 // No Comments

Popular fashion retailer Zara has found controversy again. However, this time it does not involve alt-right skirts, anti-Semitic shirts or the use of thin models in one of its campaigns. Instead, the retailer, based in Spain, is accused... 
Twitter: Employee Leaving Company Deactivated President Trump’s Account

Twitter: Employee Leaving Company Deactivated President Trump’s Account

Posted by on Nov 3rd, 2017 // No Comments

The official Twitter account of President Donald Trump or @realdonaldtrump was deactivated by an employee at Twitter who was leaving the company Thursday and was off line for 11 minutes prior to being restored, said the social media... 
Blue Apron Beats the Street on Revenue, Shares Move Higher

Blue Apron Beats the Street on Revenue, Shares Move Higher

Posted by on Nov 2nd, 2017 // No Comments

Blue Apron Holdings beat estimates by analysts on Wall Street for revenue during its third quarter, which reflects on its effort to get customers to buy more money and sent shares higher during early Thursday trading. However, the... 
Shares of MasterCard Jump As Results Top Expectations

Shares of MasterCard Jump As Results Top Expectations

Posted by on Oct 31st, 2017 // No Comments

On Tuesday, MasterCard posted revenue and earnings for the quarter that beat Wall Street expectations. The payments processing company posted earnings per share of $1.34 compared to expectations of $1.23. Revenue at the company reached... 
Consumer Spending in U.S. Posts Biggest Gain in Eight Years

Consumer Spending in U.S. Posts Biggest Gain in Eight Years

Posted by on Oct 30th, 2017 // No Comments

Consumer spending in the United States recorded its largest increase in over eight years during September, likely as Florida and Texas household began replacing motor vehicles damaged from hurricane flooding, but an underlying inflation... 
Federal Lawsuit Accuses LuLaRoe of Being Pyramid Scheme

Federal Lawsuit Accuses LuLaRoe of Being Pyramid Scheme

Posted by on Oct 27th, 2017 // No Comments

Multilevel marketer LuLaRoe has come under much fire for the business practices it uses and the quality of its women’s leggings. It is now facing a California federal lawsuit. The company has been accused of being nothing more than... 
FDA Approves Cancer Gene Therapy from Gilead Science

FDA Approves Cancer Gene Therapy from Gilead Science

Posted by on Oct 19th, 2017 // No Comments

The United States Food and Drug Administration gave its approval on Wednesday to a new gene therapy for a specific form of lymphoma, which Kite Pharma a subsidiary of Gilead Science developed, marking the regulator’s second approval... 
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