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... 
Safety Tips For Viewing The Solar Eclipse

Safety Tips For Viewing The Solar Eclipse

A solar eclipse is one of nature’s grandest spectacles and one is scheduled to cross the U.S. on Aug. 21. For a few minutes, the sun will go dark with a halo of light around it, the temperature will fall, and beautiful sunset colors... 
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,... 
Oprah Winfrey Launches Line Of Refrigerated Products

Oprah Winfrey Launches Line Of Refrigerated Products

Oprah Winfrey is branching out into food branded under her own name. She partnered with Kraft Heinz Co. (NYSE:HNZ) on her new line of refrigerated soups and side dishes. The products, branded “O, That’s Good”, start... 
Anthem Pulling Out Of More ACA Exchanges

Anthem Pulling Out Of More ACA Exchanges

Anthem Inc. (NYSE:ANTM) has announced that it is exiting more Affordable Care Act markets. The company has already announced it is withdrawing from Ohio, Indiana, Wisconsin, and much of California. Anthem is providing Affordable Care... 
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,... 
Tesla Reports Wider Loss For Q2

Tesla Reports Wider Loss For Q2

Tesla (NASDAQ:TSLA) announced its second-quarter earnings Wednesday. Tesla reported losing $401.4 million in the quarter that ended June 30, compared with a loss of $293.2 million in the same quarter of last year. Its net loss grew... 
Privacy Concerns Arise Over Google’s New Tracking Tool

Privacy Concerns Arise Over Google’s New Tracking Tool

The Electronic Privacy and Information Center (EPIC) is requesting that the Federal Trade Commission investigate Alphabet’s (NASDAQ:GOOG) Google over its new tool to track in-store shopping. The privacy advocacy group wants the FTC... 
U.S. Travelers To Mexico Warned About Counterfeit Alcohol

U.S. Travelers To Mexico Warned About Counterfeit Alcohol

The U.S. State Department has issued a warning to tourists to be careful what they drink while visiting Mexico. The agency updated the Safety and Security section of its Mexico country page with a warning to travelers that there have... 
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...