Home » Business

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,... 
Republican Failure to Repeal ACA Leads to Serious Concern in Stock Market

Republican Failure to Repeal ACA Leads to Serious Concern in Stock Market

Almost immediately after the opening bell, US stocks fell this morning. Many speculate this is largely the result of the Republican failure to repeal (and replace) Obamacare which sparked great concern over the Trump administration’s... 
CFPB Reports Experian Lied To Consumers About Credit Scores

CFPB Reports Experian Lied To Consumers About Credit Scores

Roughly two months ago, US regulators busted both Equifax and TransUnion credit reporting agencies for misrepresenting the credit scores they sell to consumers; and it looks like Experian is going to be the next to fall. According... 
Sales of Existing Homes Falls from Decade-Long High

Sales of Existing Homes Falls from Decade-Long High

The US housing market has had some trouble of late but resales fell in February—more than expected—even among a persistent shortage of properties. But that shortage is pushing prices up, and that could account for shy buyers. According... 
Average Wall Street Bonus Last Year Was Nearly $140,000

Average Wall Street Bonus Last Year Was Nearly $140,000

According to new data from the New York State Comptroller’s Office, the average Wall Street banker bonus registered just shy of $138,000 in 2016. To ascertain this number, the agency observed that major banks set aside $23.9... 
E. Coli Outbreak in A Dozen States Sparks Recall of Soy Nut Butter Brand

E. Coli Outbreak in A Dozen States Sparks Recall of Soy Nut Butter Brand

The United States Food and Drug Administration has just issued an alert about a potential E. coli outbreak in several states.  The FDA alert, of course, comes as the US Centers for Disease Control and Prevention reported at least... 
Wells Fargo Drops the Hammer on Top Execs As Result of Fraud Scandal

Wells Fargo Drops the Hammer on Top Execs As Result of Fraud Scandal

In an effort to cull favor among banking customers—and hopefully to quell corporate irresponsibility—Wells Fargo announced that CEO Tim Sloan and seven other top executives will not be receiving any cash bonuses for 2016. Obviously... 
Wall Street, Will House Tax Plan Save it?

Wall Street, Will House Tax Plan Save it?

Although US stocks were mixed at the close of market day, Thursday, Dow continued its longest recorded streak since its first 13 trading days, in 1987. This, of course, was the year of the notorious October stock market crash, so traders... 
Resounding Number of Business Executives Optimistic of President Trump’s New Policies

Resounding Number of Business Executives Optimistic of President Trump’s New Policies

While the apparent vocal minority in America continues to lament the choices and behavior of new President Donald Trump, it seems that the majority of middle- to large-sized businesses are quite pleased about his direction, at least... 
FTC Files Privacy Concern Suit over Hi-Tech Doll

FTC Files Privacy Concern Suit over Hi-Tech Doll

With its built-in microphone, Bluetooth connectivity, and web-based functions, the new My Friend Cayla doll from Genesis Toys might seem like a fun and interactive toy for children. Basically, children can ask the doll questions and... 
T-Mobile Stock Looking Steady, at Least for Now

T-Mobile Stock Looking Steady, at Least for Now

Shares of US mobile telecommunications carrier, T-Mobile US (Nasdaq: TMUS), rose early on Tuesday this week form backed by lower-than-normal trade volume after many analysts weighed in regarding the stock’s investing value. Its... 
Trump Negotiates Bigger Price Drops In Pentagon-Lockheed Martin F-35 Deal

Trump Negotiates Bigger Price Drops In Pentagon-Lockheed Martin F-35 Deal

It looks like President Donald Trump is staying true to his word to keep manufacturing jobs in the United States. At a time when many US companies outsource the building of just everything, President Trump has somehow managed to get... 
Microsoft Speaks for All Tech Industry Asking Trump Administration for Immigration Leniency

Microsoft Speaks for All Tech Industry Asking Trump Administration for Immigration Leniency

Microsoft Corporation is presently asking US officials to grant them exception for law-abiding, visa-holding workers and students from President Donald J. Trump’s recent immigration order. Of course, this effort probably represents... 
General Motors and Honda Announce Fuel Cell Expansion

General Motors and Honda Announce Fuel Cell Expansion

General Motors Co and Honda Motor Co Ltd have just announced a plan to equally invest $85 million in an effort to expand their fuel-cell partnership into a bigger manufacturing venture, located in Southeast Michigan. Fuel Cell System... 
Facebook To Launch “Startup Garage” Incubator in Paris, in the Spring

Facebook To Launch “Startup Garage” Incubator in Paris, in the Spring

Expansion is a fundamental business principle. You have to want to grow and evolve and get bigger. One obstacle that many companies encounter, though, is the inability to shift away from their primary focus once they reach their... 
Bitcoin Continues Slip Under Scrutiny from Chinese Regulators

Bitcoin Continues Slip Under Scrutiny from Chinese Regulators

Bitcoin has been surging since its initial introduction only a few years ago. The cryptocurrency was largely supported in 2015 by buyers in China who were looking for alternative assets they could hedge against the falling value of... 
Mars Inc Buys Pet Hospital Company VCA

Mars Inc Buys Pet Hospital Company VCA

Mars brands is a candy/confection and packaged food company that you might recognize better from its candy brands than its parent company name. Indeed, the company markets: Mars Bars (of course, or rather, used to market them), Milky... 
China to Fine General Motors $29M For Price Fixing

China to Fine General Motors $29M For Price Fixing

China has fined General Motors’ Chinese venture $29 million in accusations of monopolistic price fixing after many reports that the China has plans to crack down on a specific—though yet unnamed—US automaker. Citing the internal... 
Will FTC OK New Walgreens Rite Aid Merger Conditions?

Will FTC OK New Walgreens Rite Aid Merger Conditions?

Walgreens Boots Alliance has been on a spree lately, trying to expand and scoop up what other smaller companies it can. You may recall its merger with Alliance Boots only two years ago, for example. But they company has not had success... 
With J&J Exit, Actelion Now In Talks With Sanofi

With J&J Exit, Actelion Now In Talks With Sanofi

Swiss biotech firm Actelion Pharmaceuticals Ltd could be absorbed by French drug giant Sanofi SA in a bid that could be valued at roughly $30 billion USD. While it is not quite clear just how much Sanofi is willing to pay, what is... 
Is Delta Bringing Back Complimentary Meals?

Is Delta Bringing Back Complimentary Meals?

Do you remember the days when you would buy a plane ticket for a long flight across the country—say, Los Angeles to New York City or even from Portland to Honolulu—and the price of air fare included a meal? No just a snack, but... 
OPEC Agrees To Curtail Production to Cut Record Global Oil Glut

OPEC Agrees To Curtail Production to Cut Record Global Oil Glut

A government report released this week shows that US crude oil supply has had very little effort on the market. Of course, the market has been focused on a recent OPEC deal to slow the supply—a decision which has confused and befuddled... 
Will AIG Pull Headquarters Out of London?

Will AIG Pull Headquarters Out of London?

Insurance group AIG has just let it known that it is looking into a shift out of London, as a result of the Brexit vote. This move, of course, would backtrack its decision five years ago to actually place its European headquarters... 
Facebook and Google To Crack Down on Fake News Stories

Facebook and Google To Crack Down on Fake News Stories

The 2016 US election has contributed to an unstable America; people ripped at the seams over obviously polarizing issues.  At the center of all the controversy, though, the media has reveled in the shouting and the threats; easy pickings... 
Taco Bell Plans Massive Expansion by 2022

Taco Bell Plans Massive Expansion by 2022

During a time when it seems that most companies are closing their doors—even Wal-Mart is shutting down some stores—Taco Bell is planning a massive expansion. As a matter of fact, the fast food company has shared plans to more than... 
Will Netflix Soon Introduce an Offline Mode?

Will Netflix Soon Introduce an Offline Mode?

Netflix has let it be known it is currently working on a new feature that could allow you to watch movies even if you are not connected to the internet. Now, if this sounds like the best Netflix feature of all time, don’t start... 
Amazon Appears a Win-Win on both the Long and Short Game

Amazon Appears a Win-Win on both the Long and Short Game

Amazon.com may actually be in quite the actionable position right now. The company could be poised as a “buy” option for most analysts, but investors could greatly benefit from a “sell.” Investors might know, for example, that... 
Kaleo Pharma Could Possibly Be Big Competitor for Mylan

Kaleo Pharma Could Possibly Be Big Competitor for Mylan

You may recall that EpiPen maker Mylan recently raised the price of the allergy intervention to astronomical proportions but it looks like, perhaps, they may have just been trying to get ahead of the competition. Mylan also announced... 
British American Tobacco Bids to Fully Acquire Reynolds To Create Largest Tobacco Company in the World

British American Tobacco Bids to Fully Acquire Reynolds To Create Largest Tobacco Company in the World

British American Tobacco PLC just made a bid to take over approximately 58 percent of its American peer Reynolds American Inc. That is to say, that BAT wants to spend $47 billion to takeover more of the corporation that it does not... 
Facebook Expanding To Food Orders and Ticket Buying

Facebook Expanding To Food Orders and Ticket Buying

As if Facebook was not already a fundamental part of every day life, now the social network wants be a bigger part of your actual social life. Facebook is launching an initiative to become more involved with your day-to-day doings:... 
Johnson & Johnson Shares Up on Back of Strong Pharma Sales

Johnson & Johnson Shares Up on Back of Strong Pharma Sales

Johnson & Johnson is the largest manufacturer of healthcare products in the world and it looks they are not going to falter from that top spot any time soon. The company has reported third-quarter revenue and profit above Wall... 
Citigroup Posts Profits that Beat Analysts Estimates by 35 Percent

Citigroup Posts Profits that Beat Analysts Estimates by 35 Percent

Citigroup Inc posted its third-quarter profits this week, showing that they have actually beat analyst’s estimates, perhaps as a result of revenue surging 35 percent over the same period last year as well as healthy interest... 
US Unemployment At 43-Year Low; is the Economy Improving?

US Unemployment At 43-Year Low; is the Economy Improving?

And now for some good news: the number of Americans filing for unemployment benefits remains at a 43-year low (last week). Of course, this points to a sustained labor market strength, a strength which could be establishing a new path... 
OPEC Looks Outside For Help To Limit Oil Production and Get Profits Back on Track

OPEC Looks Outside For Help To Limit Oil Production and Get Profits Back on Track

It has been nearly ten years since the Organization of Petroleum Exporting Countries (commonly known as OPEC) realized they had the opportunity to affect the global price of crude oil. However, in the past two years, as the price continues... 
Walmart To Slow Store Openings and Focus More on Online Growth

Walmart To Slow Store Openings and Focus More on Online Growth

Walmart Stores, Inc reported a tempering of its profit forecast over the next two years, Thursday, as its online business investments and retail sales are slowing. As such, company shares fell in premarket trading, even as the company... 
Will Faltering Gold Prices Encourage Fed Rate Hike?

Will Faltering Gold Prices Encourage Fed Rate Hike?

For the first time in more than three months, gold has fallen below $1,300; this on the heels of growing concern in the Federal Reserve over the potential (or lack thereof) for raising interest rates.  Obviously, the US economy continues... 
Drug Prices Are Up, And That Might Be Why Consumer Commitment to Prescriptions is Way Down

Drug Prices Are Up, And That Might Be Why Consumer Commitment to Prescriptions is Way Down

Nonprofit The Kaiser Family Foundation recently conducted a survey shows that most Americans are in favor of government intervention to reduce prescription drug prices. No surprise there, right? Perhaps the only real shocker is that... 
US Commerce Department Reports Slip in Durable Goods, in August

US Commerce Department Reports Slip in Durable Goods, in August

Factory output in the United States is down, slightly, in August, with a fewer major manufactured goods. This is also largely due to a 21.9 percent slip in orders in the extremely volatile commercial aircraft industry. In addition,... 
Germany’s Lanxess to Buy US-based Chemtura for $2.1 Billion

Germany’s Lanxess to Buy US-based Chemtura for $2.1 Billion

This week, Germany-based Lanxess AG agreed to buy its US-based competitor Chemtura Corp at a value of approximatley $2.1 billion, in cash. This will more than double the size of the Cologne, Germany company’s additives business... 
US Consumer Price Index Ticks Up Just a Little In August, Fed To Wait on Rate Hike

US Consumer Price Index Ticks Up Just a Little In August, Fed To Wait on Rate Hike

Closing out the month of August, US consumer prices ticked up a measely 0.2 percent, led by a surge in medical care that helped to offset the rather flat movement in the food and energy sectors. While this note is rather a bland one,... 
MasterCard could Pay 14 Billion Pounds over Lawsuit Fees, in Britain

MasterCard could Pay 14 Billion Pounds over Lawsuit Fees, in Britain

MasterCard is currently being sued 14 billion pounds (approximately $18.6 billion USD) in Britain for allegedly charging customers excess fees on several million transactions over a period of 16 years. According to a report from the... 
Wells Fargo to Pay $185 Million in Consumer Fraud Case

Wells Fargo to Pay $185 Million in Consumer Fraud Case

Los Angeles city and federal officials have recently accepted a $185 million settlement with Wells Fargo in regards to allegations the bank’s employees regularly opened new accounts for customers without their knowledge.  The...