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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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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%... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »