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Profit at BHP Falls Amidst Rising Prices of Commodities
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... More of this article »
CIA, FBI and NSA: Do Not Use Phones Made by Huawei or ZTE
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... More of this article »
Barnes & Noble Makes Job Cuts Following Dismal Holiday Sales
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... More of this article »
Dunkin’ Donuts Will End Use of Foam Cups by 2020
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,... More of this article »
New Jersey Enacting Regulations for Net Neutrality of its Own
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... More of this article »
Phishing Scam Involving Netflix Provokes Warning by Police
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... More of this article »
AT&T Posts Earnings That Beat Expectations
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... More of this article »
Steve Wynn Calls Accusations of Sexual Misconduct Preposterous
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... More of this article »
Budweiser Falls Out of Top Three Favorite Beers in U.S.
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... More of this article »
Twitter Notifying Users Who Were Exposed to Propaganda from Russians
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... More of this article »
Apple Planning New Campus in U.S., Repatriating Cash
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... More of this article »
SoftBank Might Split to Focus on Tech
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... More of this article »
Live Nation Buys Assets of Ticketing Start Up After Settling
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... More of this article »
Samsung Comes Up Short on Profit
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... More of this article »
Sears Holdings to Close Another 103 Stores
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... More of this article »
El Al Airlines Will Begin Silicon Valley Flights
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... More of this article »
With a Widening Lineup, Apple’s Dependence on iPhone X Lessens
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... More of this article »
Apple Board Tells Tim Cook to Fly Private Jet
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... More of this article »
Amazon: Echo Dot Was Best-Selling of All Products
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... More of this article »
China’s Booming Market for Pets Creating Deals
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... More of this article »
Companies Using Facebook to Keep Older Workers from Seeing Job Ads
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... More of this article »
Catt Sadler Leaving E! Because of Pay Dispute
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... More of this article »
Spat Between Boeing and Bombardier Could Affect Trade Deals
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... More of this article »
Japan’s Amazon Planning Cell Phone Network of its Own
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... More of this article »
Leadership at Airbus Under Heavy Criticism
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... More of this article »
HSBC No Longer Under Threat of U.S. Prosecution
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.... More of this article »
Lego Wins Copyright Case in China Against Imitators
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... More of this article »
Discovery Buys Majority Stake of OWN
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,... More of this article »
Australia Investigating Influence of Google and Facebook
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... More of this article »
BMW Wants Partners to Help Develop Mini Electric Version
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... More of this article »
OPEC Backing Extension of Nine Months, Russia Not On Board Yet
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... More of this article »
Black Friday Strong Online, While Cyber Monday May Set Record
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%... More of this article »
Sales at Lowe’s Top Wall Street, Helped by Purchases Related to Hurricanes
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... More of this article »
Lack of Comfort Hurting Victoria’s Secret Sales
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,... More of this article »
Far-Right Twitter Accounts Lose Verified Tick
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... More of this article »
Reports: Amazon Ending Planned Bundled Video Service
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... More of this article »
Celebrity Claims He Almost Died from Eating Chipotle’s Food
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... More of this article »
Mercedes Becomes Biggest Rival for Tesla
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... More of this article »
Uber Ordered by Court to Give Drivers in UK More Rights
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... More of this article »
Marissa Mayer: Yahoo Does Not Know How It was Hacked
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... More of this article »
Notes Sewn Inside Clothing Being Found by Zara Customers
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... More of this article »
Twitter: Employee Leaving Company Deactivated President Trump’s Account
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... More of this article »
Blue Apron Beats the Street on Revenue, Shares Move Higher
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... More of this article »
Shares of MasterCard Jump As Results Top Expectations
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... More of this article »
Consumer Spending in U.S. Posts Biggest Gain in Eight Years
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... More of this article »
Federal Lawsuit Accuses LuLaRoe of Being Pyramid Scheme
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... More of this article »
FDA Approves Cancer Gene Therapy from Gilead Science
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... More of this article »
Goldman Sachs Results for Third Quarter Beat the Street
Goldman Sachs Group posted profit Tuesday for its third quarter that was down 3% compared to the same period one year ago, but its quarterly revenues were up 2%. Both its revenues and earnings per share beat Wall Street expectations.... More of this article »