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By 2022 Ford Plans Investment of $11 Billion and 40 Electric Vehicles
Ford Motor Co. announced that it would significantly increase its investments in electric vehicles by 2022 to over $11 billion and would have 40 hybrid and fully EVs in its lineup. This announcement was made on Sunday by Ford’s chairman... More of this article »
China Shuts Down Marriot Website Over Taiwan and Tibet Error
China shuttered the websites in Chinese of Marriot International for one week, after the company listed Taiwan, Tibet and other territories as separate countries. Apologies were made by the hotel group for its error and said it did... More of this article »
Microsoft: Security Patches Slowing PCs and Servers Down
On Tuesday, Microsoft Corp. announced that its software patches it released to guard against the security threats in microchips slowed down servers and personal computers, with systems that run on older Intel Corp. processors having... More of this article »
Coal Sees Far More Mining Deals that Battery Metals
Coal and iron dominated 2017 mining takeovers, show data released earlier this week, with buyers favoring the polluting energy maker they are familiar with over uncertainties of a future that is battery powered. While the largest of... More of this article »
Green Bay Overhauling Coaching Staff
The Green Bay Packers have made changes to their coaching staff that were not limited to just the defense. After the team decided to fire Dom Capers its defensive coordinator, Scott McCurley its inside linebacker coach and Mike Trgovac... More of this article »
China Messaging Giant WeChat Denies It Stores User Chats
Tencent Holdings, whose messaging app WeChat has over 1 billion users across the globe, denies that it stores any of the chat histories of his users, after Li Shufu an automotive industry tycoon from China reportedly claimed the company... More of this article »
United States Warns the World is Watching Iranian Protests
The White House urged Iran to respect its citizen’s rights as the people of Iran are taking to the street in protect the past two days. The White House warned the world is watching. On Thursday, demonstrations in Mashhad a city in... More of this article »
Patrick Mahomes Starting For Chiefs Against Denver
Earlier this year, the Kansas City Chiefs broke a streak of 34 years in which they did not draft a quarterback during the first round of the NFL draft, when they traded up to select Patrick Mahomes II as the No. 10 overall pick. Mahomes... More of this article »
Regulator in Israel Wants Bitcoin Companies Banned from Exchange
The markets regulator in Israel is set to propose a new regulation that would ban businesses that are based on bitcoin and other virtual currencies from trading on Tel Aviv’s stock exchange said the regulator on Monday. Chairman... More of this article »
Fiat Chrysler Announces Recall of Ram Pickups
The gear shifters in over 1.8 million Ram pickup trucks may accidently shift out of park and cause a rollaway, which has triggered Fiat Chrysler to announce a recall. The automaker announced on Friday that it was recalling the vehicles,... More of this article »
Pay Increases or Bonuses Promised When Tax Bill Passed
A few U.S. companies have already promised to pay a one-time bonus to employees or increase hourly wages if the new tax bill passed in Congress is signed by President Donald Trump. AT&T led the way by saying it is planning to use... More of this article »
Huge Profit to be Turned by Jerry Richardson in Selling Carolina Panthers
Carolina Panthers owner Jerry Richardson will walk away with a huge profit when he sells the NFL franchise. On Sunday, he announced his plans to sell his principle share of the team after it was announced he was being investigated... More of this article »
Sanderson Farms: NFL Player Protests Hurting Sales
First a pizza maker complained and now the NFL is hearing about poor sales from another favorite during football games – chicken wings. A drop in prices of chicken wings has Sanderson Farms, Inc. one of the biggest producers of poultry... More of this article »
Online TV Service to be Launched by T-Mobile in 2018
Helped by its acquisition of Layer3 TV a television startup, T-Mobile plans to expand its momentum in wireless to providing TV service. The wireless carrier, which has seen steady growth in customer base for the past four years, announced... More of this article »
Unibail-Rodamco Acquires Westfield in $16 Billion Deal
Unibail-Rodamco SE, the largest commercial landlord in Europe, has agreed to acquire Westfield Corp based in Australia for A$21 billion, equal to $15.8 billion, in the largest property acquisition in the last four years as dropping... More of this article »
Viagra Will Become Generic, Less Expensive and Readily Available
Beginning Monday, Pfizer’s Viagra will face much more competition. The Pfizer brand name for sildenafil, the drug for erectile dysfunction, first hit the market during 1998 and become a bestseller, as in more than $1.5 billion in... More of this article »
Eli Manning Reinstated As Giants Starting Quarterback
It did not take long. After being benched for one NFL game, Eli Manning was officially reinstated as the starting quarterback for the New York Giants. Steve Spagnuolo the interim head coach for the Giants made the announcement after... More of this article »
Largest Ever Starbucks Opening in Shanghai
Starbucks Corps views China as passing the United States as its biggest market within the next ten years as it believes the growing number of affluent consumers in the country will offset sluggish growth across the rest of the globe. Ratcheting... More of this article »
Waffle House Patron Cooked His Meal While Staff Slept
An inebriated and very hungry man knew what he had to do after stopping at a Waffle House in South Carolina in the early morning hours of Thursday. When the man arrived after spending the previous night drinking, he found the staff... More of this article »
State of California Sues Ashford University for Ripping Students Off
As the White House administration backs away from the efforts of the Obama administration to crack down on for-profit universities, California has taken a step into that regulatory void. This week Xavier Becerra the California Attorney... More of this article »
Major Advertisers Suspend Campaigns on YouTube
Several large companies have suspended their ad campaigns on YouTube since last Friday after learning their advertisements had been displayed on videos that appear to sexualize children. By distancing themselves with YouTube, the companies... More of this article »
Macy’s Sales on Black Friday Hurt by Problem with Processing Credit Cards
A massive slowdown in credit card and gift card processing was experienced by Macy’s on Black Friday, creating a setback that might hurt sales significantly and could cause the chain of department stores to lose large sums of money... More of this article »
Controversy Growing Again Over Annual Holiday Cups at Starbucks
Every year, without fail Starbucks is hit with significant amounts of criticism related to its holiday cups. The coffee chain that spans the globe regularly receives this backlash because of its ever-changing cups and the lack of traditional... More of this article »
Foot Lock Traction Slips During Latest Quarter
Foot Locker continues its struggle getting back to its feet. Same-store sales or sales at stores open a minimum of one year ended the most recent quarter sluggish, and the chain of sneaker stores saw overall net income drop. However,... More of this article »
Mexico Upset with Proposal by U.S. Benefitting AT&T
Mexico has shot down a U.S. proposal to include provisions that would be beneficial to AT&T in the North America Free Trade Agreement, said the Economy Minister of Mexico Ildefonso Guajardo. Guajardo said that North American based... More of this article »
Former Tesla Employee Sues Carmaker for Racist Behavior
A former employee with Tesla has filed a harassment complaint against Tesla, calling the electric carmaker’s production floor nothing more than a “hotbed for racist behavior.” The worker sued the company, claiming he had been... More of this article »
Source: Toymaker Hasbro Approaches Mattel with Takeover Offer
Hasbro Inc. has approached rival Mattel Inc. with a takeover offer, said a source close to the situation on Friday, the most recent attempt to bring together the two largest toymakers in the U.S. If a deal were reached, it would create... More of this article »
New Feature on TripAdvisor Flags Concerns for Sexual Assault
TripAdvisor has made it easier for its users to see if safety concerns have been stated about hotels they research. The online travel site added another new warning message for companies where sexual assault or other safety incidents... More of this article »
Sky Drops as Talks Between Disney and Fox Hurt Possible Deal
A report that talks were held by Rupert Murdoch about selling television and film assets to Walt Disney added one more layer of uncertainty to his bid of $14.5 billion to acquire all of Sky in Britain. Recently Disney discussed acquiring... More of this article »
Papa John’s Might End its Sponsorship of the NFL
Papa John’s, the pizza chain, said it was reevaluation its sponsorship of the NFL after the controversy involving protests by players during the playing of the national anthem engulfed the pizza maker. COO and President of Papa John’s... More of this article »
Facebook Profit Surges, Russian Scandal Does Not Make Impact
Facebook Inc. came under heavy criticism on Capitol Hill Wednesday over a failure to prevent operatives from Russia from using its social media platform for meddling in the election, but its earnings report issued just a few hours... More of this article »
Media Rule Rollback by FCC Could Mean Buying Spree for TV Stations
The Federal Communications Commission that is led by Republicans is moving quickly to undo the roadblocks to more consolidation amongst media companies, which potentially could unleash a number of deals amongst newspaper, television... More of this article »
Twitter Showing Signs of Renewed Life as Sales and User Growth Increase
Twitter Inc. posted sales that beat estimates and added more new monthly users indicating the social network could be in a revival mode after struggling for so long trying to attract new users and advertisers. Shares of the social... More of this article »
Caterpillar Posts Sales That Beat Expectations
Caterpillar Inc. continues to increase expectations for its sales and earnings and the maker of machinery keeps surpassing them. The company, based in Deerfield, Illinois, projected sales for 2017 of $44 billion, marking the third... More of this article »
Hurricanes Created Problems for Quarterly Earnings
After causing death and destruction over the southern part of the U.S. and on the Caribbean island of Puerto Rico, hurricanes Harvey, Irma and Maria are dampening corporate quarterly profits in the U.S. While the powerful storms during... More of this article »
Nestle Sales Growth Remains Lukewarm, Restructuring Increases
Nestle, the food giant based in Switzerland is expecting its growth in organic sales to remain somewhat muted during the final quarter of 2017 and is increasing its speed in its restructuring plan as it looks to improve its profit... More of this article »
Airbus Takes Over Jet from Bombardier That Boeing Wanted Killed
On Monday, Airbus announced that it would take control of the embattled C-Series aircraft program from rival Bombardier, building a strong transatlantic alliance in a bitter feud with Boeing. Bombardier’s C Series has come under... More of this article »
EPA And Herbicide Makers Reach Agreement on Dicamba Limits for Use
The White House administration reached a new deal with three of the major agribusiness companies for labeling requirements, which remain voluntary, for the controversial herbicide dicamba that has been blamed for hurting crops. On... More of this article »
Lufthansa Signing Deal for Air Berlin
Lufthansa will sign an agreement Thursday to buy a large part of smaller, insolvent German air carrier rival Air Berlin, said Lufthansa CEO Carsten Spohr. The CEO said that a milestone in Lufthansa’s history will be seen in Berlin... More of this article »
Trump’s Businesses Taking it on the Chin in Scotland
President Donald Trump’s businesses located in Scotland are losing large sums of money. Trump has a pair of golf resorts there, with one at Turnberry and one close to Aberdeen. The combined losses for the two almost doubled in 2016... More of this article »
Costco Begins Same-Day Delivery Service for Groceries
Costco Wholesale Corp, the huge warehouse chain that is known for its large store format, stations with food samples, and inexpensive pizza and hot dogs, has started a same-day delivery service for groceries using Instacart in hopes... More of this article »
Following Female Reporter’s Question Cam Newton Laughs at Her
Cam Newton the star quarterback for the Carolina Panthers laughed at a female reporter who had asked about one of Newton’s teammates saying it had been funny to hear a woman ask the question. Jourdan Rodrigue a beat reporter for... More of this article »