Home » Business

Nissan Introduces New Car Subscription Service

Nissan Introduces New Car Subscription Service

Nissan Motor Co. has become the latest automaker to test the waters with a subscription service. The company has announced the launch of a new two-tier subscription service for its vehicles that allows drivers to switch to a different... 
Huawei Facing New Federal Charges

Huawei Facing New Federal Charges

Chinese telecom giant Huawei, its U.S. subsidiaries, and its chief financial officer are facing new charges from federal prosecutors in the U.S. Authorities have accused the company and its associated entities of racketeering... 
Netflix Reveals Titles Pulled At Foreign Governments’ Request

Netflix Reveals Titles Pulled At Foreign Governments’ Request

As part of an effort to become more transparent, Netflix Inc. (NASDAQ: NFLX) has disclosed all of the times it has removed content from its platform due to requests from national governments. In its annual Environmental, Social... 
Delta Sued After Fuel Dump Over School

Delta Sued After Fuel Dump Over School

Four teachers at an elementary school in Los Angeles, California are suing Delta Air Lines Inc. (NYSE: DAL) after a China-bound Boeing 777 aircraft dumped fuel over playgrounds and schools during an emergency landing. The teachers,... 
Tesla Most Valuable Automaker In U.S. History

Tesla Most Valuable Automaker In U.S. History

Tesla Inc.’s (NASDAQ: TSLA) recent rally has made it the highest-valued U.S. automaker of all time. The latest surge in Tesla’s stock price pushed its market value to nearly $85 billion, higher than Ford’s previous record... 
DieHard Sold To Advance Auto Parts For $200 Million

DieHard Sold To Advance Auto Parts For $200 Million

Transformco, the owner of Sears and Kmart stores, has sold the DieHard brand to Advance Auto Parts Inc. (NYSE: AAP) for $200 million. Under the announced all-cash transaction, Transformco will still have rights to sell DieHard... 
Britain Puts Brakes On Amazon’s Deliveroo Deal

Britain Puts Brakes On Amazon’s Deliveroo Deal

Britain’s competition regulator is saying that Amazon.com Inc.’s (NASDAQ: AMZN) purchase of a stake in online food delivery group Deliveroo requires an in-depth investigation due to “serious competition concerns.” The... 
Peloton Under Fire For ‘Sexist’ Holiday Ad

Peloton Under Fire For ‘Sexist’ Holiday Ad

Peloton Interactive Inc. (NASDAQ: PTON) has come under fire for a controversial new ad pushing its bike as a great Christmas gift for wives. The commercial, set to Tal Bachman’s 1999 one-hit wonder “She’s So High,” took... 
Twitter Banning Most Political Ads

Twitter Banning Most Political Ads

Twitter Inc. (NYSE: TWTR) will ban campaign advertising globally under a new policy being implemented next week. Under the policy, ads of any type from political figures and groups are not allowed and strict limits will apply... 
AT&T Increases Data Limits And Prices

AT&T Increases Data Limits And Prices

AT&T Inc. (NYSE: T) has a gift for wireless subscribers on many of its old Mobile Share Value data plans, but it’s going to cost them. AT&T has been emailing customers to inform them that they are getting an additional 15GB... 
Macy’s To End Fur Sales

Macy’s To End Fur Sales

Macy’s Inc. (NYSE: M) department stores and subsidiaries will stop selling animal fur products by early 2021. Fur will no longer be sold in any Macy’s and Bloomingdale’s department stores or its off-price stores, including... 
AT&T Announces Asset Sale To Liberty Latin America

AT&T Announces Asset Sale To Liberty Latin America

AT&T Inc. (NYSE: T) has announced it has reached an agreement to sell its operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America Ltd. (NASDAQ: LILA) for $1.95 billion in cash. According to the announcement,... 
Uber Announces New Redesign For App

Uber Announces New Redesign For App

Uber Technologies Inc. (NYSE: UBER) is making big changes to its app with a huge redesign. The company announced a slew of new features that will be added to its app at an event in San Francisco. Uber CEO Dara Khosrowshahi called... 
Wendy’s To Offer Breakfast Nationwide Next Year

Wendy’s To Offer Breakfast Nationwide Next Year

Wendy’s Co. (NASDAQ: WEN) has been a holdout in the breakfast area among major national chains but is now ready to tackle its competitors head-on. The burger chain has announced that it will be launching its breakfast menu nationwide... 
Apple Admits Breaking Chinese Labor Law

Apple Admits Breaking Chinese Labor Law

Apple Inc. (NASDAQ: AAPL) has admitted to violating a Chinese labor rule following a report on the matter by non-profit advocacy group China Labor Watch (CLW). The group was founded in 2000 as a 501(c)(3) organization to investigate... 
Thousands Of Unsafe Products Found On Amazon’s Website

Thousands Of Unsafe Products Found On Amazon’s Website

More than 4,000 products declared unsafe by federal agencies have been found for sale on Amazon.com Inc.’s (NASDAQ: AMZN) digital storefront. Nearly half the problematic items were listed as shipping from an Amazon warehouse.... 
FANG Stocks Slip on Regulator Scrutiny over Big Tech Antitrust Security Concerns

FANG Stocks Slip on Regulator Scrutiny over Big Tech Antitrust Security Concerns

Big time tech companies Apple and Facebook are under major government scrutiny, this week, as government regulators have decided to oversee antitrust complaints about the two firms.  The United States Department of Justice... 
California Regulators Fine Pacific Gas & Electric For Falsifying Safety Records

California Regulators Fine Pacific Gas & Electric For Falsifying Safety Records

On Friday, regulators accused one of the biggest utility providers in California of falsifying safety documents related to natural gas pipelines for several years.  This is only the most recent trouble to surface as it comes after... 
General Motors Cuts Jobs and Closes Plants

General Motors Cuts Jobs and Closes Plants

General Motors has recently announced plans to shut down the assembly plant located in Oshawa, Ontario, Canada.  The automaker claims this closure will help the company to focus on hybrid vehicles and zero emissions vehicles.  Of... 
Elliott Management and Veritas Capital Announce $5.7 Billion Acquisition of Health Care Software Developer Athenahealth

Elliott Management and Veritas Capital Announce $5.7 Billion Acquisition of Health Care Software Developer Athenahealth

Hedge fund managers Elliott Management is teaming up with the private-equity firm Veritas Capital to buy US healthcare software maker Athenahealth, this week.  The all-cash deal is reported to be around $5.7 billion and will value... 
CVS Sees Rise From Beating Third Quarter Revenue and Expectation

CVS Sees Rise From Beating Third Quarter Revenue and Expectation

It seems CVS Health is enjoying a healthy pharmacy retail industry as the company’s latest report indicates higher third-quarter earnings and revenue than they had originally expected.  Early this week, the company also said it... 
IBM Pays $34 Billion to Acquire Red Hat

IBM Pays $34 Billion to Acquire Red Hat

Red Hat, one of the main suppliers of software and technology, has been acquired by IBM. The two companies made public that the deal was closed for $34 billion Sunday.  IBM has agreed to purchase all shares from Red Hat at the amount... 
General Motors Wants Nationwide Electric-Vehicles Sales Program

General Motors Wants Nationwide Electric-Vehicles Sales Program

Two of the largest automakers have pushed back on the White House administration’s proposed pullback of fuel-economy standards in the United States. In filings that were due Friday, General Motors Co. was preparing to propose that... 
Uber Dealmaker Chief Resigns Following Sexual Misconduct Reports

Uber Dealmaker Chief Resigns Following Sexual Misconduct Reports

The CEO of Uber Dara Khosrowshahi has worked to clean the corporate culture of the ride-hailing company. A top executive recently resigned from Uber amidst allegations that included sexual harassment. Cameron Poetzscher, who was the... 
Shares of Proctor & Gamble Surge 8.8% on Sales Increase

Shares of Proctor & Gamble Surge 8.8% on Sales Increase

Share of consumer goods maker Proctor & Gamble surged higher on Friday following the company’s announcement of higher than had been expected growth in revenue and said its sales gains for the quarter were the strongest in five... 
Scientists: Climate Change Could Double Cost of Beer

Scientists: Climate Change Could Double Cost of Beer

It appears as if beer can now join wine, coffee and chocolate as some of the little pleasure’s in life that global warming will make costlier and scarcer, said scientists. Increasing waves of extreme heat added to drought will hurt... 
Facebook: Hackers Accessed Information from 29 Million Users

Facebook: Hackers Accessed Information from 29 Million Users

Facebook said on Friday that hackers had accessed the personal data of more than 29 million of its users from a breach at the leading social network worldwide that it disclosed late in September. The company originally said that as... 
Marriott Workers Go On Strike Across Several U.S. Cities

Marriott Workers Go On Strike Across Several U.S. Cities

Thousands of workers at Marriott Hotel in eight cities in the U.S. have gone on strike demanding higher wages following months of negotiations that have failed. Workers in Maui and Oahu joined colleagues on Monday in Boston, Detroit,... 
Ford Cuts Salaried Workers, Tightens Operations

Ford Cuts Salaried Workers, Tightens Operations

Ford Motor Co. confirmed on Friday its plans of reorganizing its salaried workers worldwide, flatten business operations and make the company more efficient that would result in less overall jobs for white-collar workers. The largest... 
Amazon CEO Jeff Bezos Is Richest Person on Forbes 400

Amazon CEO Jeff Bezos Is Richest Person on Forbes 400

Amazon CEO and founder Jeff Bezos’ riches make him the world’s wealthiest person, ending a 24-year run by Bill Gates the co-founder of Microsoft atop the annual ranking released by Forbes of the 400 richest people in the world. Bezos... 
Primera Air Halts Operations Stranding Travelers Across Europe

Primera Air Halts Operations Stranding Travelers Across Europe

Budget air carrier Primera Air, which earlier in 2018 expanded into the U.S. and announced recently more flights for the summer of 2019, will go out of business. The budget carrier based in Europe said via a statement posted on its... 
Authorities Charge 17 in Apple Store Robbery Scheme of $1 Million

Authorities Charge 17 in Apple Store Robbery Scheme of $1 Million

Arrest warrants were issued for 17 people from an alleged robbery gang that uses snatch-and-grab tactics and targeted Apple stores across Northern California, said law enforcement authorities on Thursday. State Attorney General Xavier... 
Apple Accused by Qualcomm of Stealing Chip Secrets

Apple Accused by Qualcomm of Stealing Chip Secrets

Explosive charges by Qualcomm against Apple were unveiled as the chipmaker accused the iPhone maker of stealing wide swathes of confidential data and trade secrets in order to improve the performance of chips that rival Intel was providing... 
Studies Show iPhones Using Chips from Both Intel and Toshiba

Studies Show iPhones Using Chips from Both Intel and Toshiba

Apple Inc.’s new generation iPhones reached store shelves across the globe on Friday, featuring components manufactured by Toshiba and Intel amongst others, according to a pair of top companies that broke open the new Apple models. Supplying... 
Retail Sales in U.S. Slow, But Analysts See Underlying Strength

Retail Sales in U.S. Slow, But Analysts See Underlying Strength

Retail Sales in the U.S. posted their smallest increase in the last six months during August as consumers did not spend as much on purchases of clothing or motor vehicles. However, an upward revision for July data helped to keep expectations... 
President’s Tweet Says Focus Can be U.S. Built, Ford Says No

President’s Tweet Says Focus Can be U.S. Built, Ford Says No

Ford is not going to move its production of its Focus hatchback to the U.S. from China, even though President Donald Trump claimed on Sunday that the taxes he imposed on imports from China mean the Focus Active is now able to be built... 
Areas of Sandoz U.S. Being Sold by Novartis to Aurobindo in India

Areas of Sandoz U.S. Being Sold by Novartis to Aurobindo in India

Novartis AG on Thursday announced that it was selling its generic U.S. oral solids and dermatology portfolios from Sandoz U.S. to Aurobindo Pharma based in India for the price of $900 million, as the drug maker, based in Switzerland,... 
Lego Sports Car and Dinosaurs Drive Recovery for Toymaker

Lego Sports Car and Dinosaurs Drive Recovery for Toymaker

Sales of Lego Bugatti sports cars and dinosaurs have helped stabilized revenue at the Danish toymaker during the first six months of 2018 following a drop in revenue for the first time in over 10 years during 2017. The company, which... 
Coca-Cola Buying Coffee Giant Costa Coffee

Coca-Cola Buying Coffee Giant Costa Coffee

Coca-Cola is adding coffee to its lineup. The soft-drinks and water giant agreed to acquire Costa Coffee the coffee chain from Whitbread the hotel and drinks group for a price of £3.9 billion equal to $5.1 billion. Costa has close... 
Casino Company Stock Plunges 50% After Chairman Disappears

Casino Company Stock Plunges 50% After Chairman Disappears

Stock in an Asian casino operator crashed after the chairman of the company disappeared. Landing International Development is the owner of one of the largest casinos in South Korea. Shares of Landing have plummeted by close to 50%... 
Foreign Automakers Against NAFTA Plan by Trump

Foreign Automakers Against NAFTA Plan by Trump

Foreign automakers that have plants in the U.S. do not support President Trump’s administration rules to increase the amount of local content in vehicles that are made in North America, a group that represents the companies that... 
Nordstrom Stock Surges 10% Following Earnings Beat

Nordstrom Stock Surges 10% Following Earnings Beat

On Thursday, Nordstrom posted sales and earnings for its second quarter that beat Wall Street expectations and the high-end department store chain raised its full year outlook, citing the momentum it has gained from it online business... 
Buffalo Wild Wings May Add Sports Betting

Buffalo Wild Wings May Add Sports Betting

Buffalo Wild Wings has wings, beer and sports in its restaurants, and might be getting into the sports bookmaking market. The popular chain of sports bars that has locations in all 50 U.S. states as well as internationally, said it... 
Prisoners in Idaho Hacked Tablets to Give Themselves Credit

Prisoners in Idaho Hacked Tablets to Give Themselves Credit

Hundreds of inmates in Idaho exploited the vulnerability in the personal tablets they were using to give themselves credits worth thousands of dollars to download games and music as well as use email services, said officials on Friday. The... 
Ford Cuts Profit Forecast for 2018, Sales in China Down

Ford Cuts Profit Forecast for 2018, Sales in China Down

Ford Motor Co said on Wednesday that it lowered its earnings forecast for the full year due to dropping sales as well as trade tariffs in China and the continuance of struggles across Europe. The automaker said that ongoing plans for... 
Nike Increases Wages for 7,000 Workers

Nike Increases Wages for 7,000 Workers

Nike announced that it will raise the wages of 7,000 of its employees equal to about 10% of its overall global workforce. The sports apparel and footwear maker announced the increase in salaries on Monday through an internal company... 
Agios Pharmaceuticals Drug for Leukemia Receives U.S. Approval

Agios Pharmaceuticals Drug for Leukemia Receives U.S. Approval

On Friday, Agios Pharmaceuticals announced that the United State Food and Drug Administration had granted approval for its treatment for a specific form of leukemia, the first treatment that is targeted for patients that have a specific... 
Shares of Skechers Plunge After Miss on Earnings

Shares of Skechers Plunge After Miss on Earnings

Skechers USA posted its latest earnings for the just ended quarter after the closing bell on Thursday. The footwear and apparel maker posted earnings that were lower than had been expected helping send its shares plunging in afterhours... 
Amazon Will Have Plenty of Competition on Prime Day

Amazon Will Have Plenty of Competition on Prime Day

Amazon Prime Day is a day where you can find the best deals online so customers do not need to wait for the official holiday shopping season to begin as they have a summer shopping day to enjoy. The competition that Amazon faces is... 
Oprah Winfrey Investing in the Restaurant Business

Oprah Winfrey Investing in the Restaurant Business

Oprah Winfrey has announced that she is interested in the restaurant business and has made an equity investment with True Food Kitchen located in Phoenix. Her new venture involves a restaurant that is a health conscious eatery and...