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Report Exposes Kids’ Products Promoting White Supremacy on Amazon
Consumers that want to buy products that show symbols for white supremacy, including necklaces with swastikas and infant wear that has a burning cross could visit Amazon.com for an array of choices. In what appears to be a violation... More of this article »
Trump Cites Security Concerns for Moving to Block China Mobile
The government of the U.S. moved to block telecommunications company China Mobile from offering its services to the telecommunications market in the U.S. recommending the application it submitted by rejected due to the firm posing... More of this article »
Kohl’s Hiring in June for the Holiday Shopping Season
On Wednesday, Kohl’s announced that it opened up the application process for its seasonal positions at over 300 of its more than 1,100 stores across the U.S. However, it is not looking for only workers for its holiday shopping season,... More of this article »
CEO at Assembler of iPhones Opposed to Overtime Caps in China
The billionaire CEO at Foxconn Technology group, the main assembler of Apple’s iPhones, argues that the unreasonable overtime hour restrictions in China hurt his employees and the competitiveness of the company. Terry Gou, the CEO... More of this article »
Solar Company Sued Second Time for Alleged Racist Clubhouse
A solar company was sued for the second time for alleged racial harassment at its warehouse in California. A Caucasian male, Jason Flick, who worked at the Natomas warehouse, has joined Teshawn Solomon in making claims of racial harassment... More of this article »
Foxconn: Investigating Work Conditions at Factory in China
Foxconn the Taiwan-based contract manufacturer announced on Sunday that it was investigating one of its plants in China where devices are made for Amazon.com, after a watchdog group in the U.S. criticized what it called harsh labor... More of this article »
Jack Daniels Maker Worried About Trade War Impact
Jack Daniels maker Brown-Forman says that tariffs are beginning to make it hard for the company to plan for its future. The company posted strong revenue as well as growth for its full fiscal year through April and is expecting to... More of this article »
Vermont Willing to Pay $10,000 for People to Move There
Vermont is calling remote workers with a deal for them. The state just passed a new law that that pays workers to move there to work remotely. On Wednesday, the new legislation was signed into law by Governor Phil Scott. Eligible workers... More of this article »
DOJ Approves Merger of Bayer-Monsanto
Department of Justice antitrust regulators granted agribusiness behemoths Bayer and Monsanto the right to merge after both companies agreed to a spinoff of $9 billion in assets, which is the largest such liquidation of corporate assets... More of this article »
Gas Prices Surge for Memorial Day Weekend
Prices of gas have soared in the U.S. with some areas hit worse than others. The sharpest spikes in price have been in the Midwest. Over the last month, the average price for a gallon of gas in the state of Michigan has increased 32... More of this article »
Former Uber Software Engineer Accuses Company of Degrading Conduct
A former software engineer at Uber has filed a lawsuit in a California Superior Court accusing the ride-hailing company of retaliating against her because she reported sexual discrimination and harassment. The complaint was filed by... More of this article »
Cisco Posts Earnings That Beat But Stock Drops
Cisco shares fell by over 4% in trading afterhours on Wednesday after reporting better than had been expected earnings for the fiscal third quarter that ended April 28. Cisco earnings reached 66 cents a share excluding special items... More of this article »
Gap Makes Apology to China for Shirt That Omitted Taiwan
Gap made an apology for one of its shirts featuring a map of China that upset China’s internet users. One user on Weibo posted photos of a Gap t-shirt saying it was in a Canada Gap store and that the map design did not include Taiwan... More of this article »
President Trump Urging Automakers to Make Cars in U.S.
On Friday, President Donald Trump pressured automakers in the U.S. to build more of their vehicles in the United States and launched another new attack on the North American Free Trade Agreement, which has been beneficial to automakers.... More of this article »
Kraft Heinz Sees Profit Boost Thanks to Price and Tax Change
Kraft Heinz Co. posted quarterly profit that beat Wall Street expectations as the maker of Tater Tots benefits from changes in the U.S. tax law and raised its prices to counter an increase in costs, sending its shares on Wednesday... More of this article »
Asda and Sainsbury’s Agree to Merger Deal in UK
Food retail in the UK is set to for a huge shake up as Walmart-owned Asda and J Sainsbury are planning to merge, which creates a new behemoth in the supermarket industry. The Asda and J Sainsbury deal is estimated to be worth £15... More of this article »
Report: Tencent Music Inching Toward IPO
Tencent Music is the music distribution division of the social media behemoth Tencent, which is based in China, and could have an initial public offering late in 2018. Over the weekend, a report was published that said Tencent is expected... More of this article »
Sky Posts Strong Quarter Prior to Takeover Battle Heating Up
Pay-TV group Sky, which is at the center of a takeover battle pitting Fox, Comcast and Disney against one another, reported a strong fiscal third quarter Thursday, underlining its appeal to rival entertainment groups in the U.S. wanting... More of this article »
Ola Wants One Million Electric Vehicles in India
The largest ride-hailing business in India has very ambitious plans of putting one million electric vehicles on the polluted streets of the country. Ola, the biggest rival to Uber in India, announced on Monday that its first step would... More of this article »
MSC Cruise Ship Smashes into Dock in Honduras
An investigation is being carried out by MSC Cruises as to why one of its large cruise ships deviated from course and tore apart a dock it hit on Tuesday of this week in Honduras. MSC Armonia, which is currently on a weeks-long cruise... More of this article »
Ups and Downs Warned About by CEO at Spotify Prior to IPO
Spotify the leader in streaming music appears to be readying itself for a potential bumpy ride on the stock market on its first trading day Tuesday, following a sell-off on Monday of tech stocks by Wall Street. In a letter released... More of this article »
Sources: Nissan and Renault Talking Merger
Renault SA and Nissan Motor are holding talks to merge and create a new entity that trades one stock, said sources close to the matter. A new deal would end an existing alliance between the two automakers and make them into one, said... More of this article »
Nissan Slowing Output Following Drop in Demand in U.S.
Nissan Motor Co. will slow production at several of its assembly plants in order to maintain the supply of vehicles on the dealers’ lots across the U.S. in check as weaker demand caught the carmaker off guard and bloated its supply. The... More of this article »
Billionaires Begin Seeing Openings to Enter German Soccer
A little known rule that has stopped big money from German soccer is losing its support, while club owners are finding ways to get around it. Over the last few years billionaires have invested large sums of money into international... More of this article »
Adidas Releases Lower Forecast for Growth in Sales and Profit
Sportswear maker Adidas has released its forecast for growth in sales and profit for 2018, but the numbers are less than those of 2017, as the Germany-based company posted sales for its fourth quarter that fell short of forecasts by... More of this article »
Walmart Expanding Grocery Deliveries to 800 Stores
Walmart is expanding its online delivery services for groceries to over 800 stores. The expansion will be completed by the end of 2018. Competition continues to increase in the online grocery industry. The expansion opens the retailer... More of this article »
Coca-Cola to Launch Alcoholic Drink
Coca-Cola, the soft drink maker, has plans to make an alcoholic drinking marking the first-ever time in its 125 years of being in business that it would produce a drink that contains alcohol. The alcopop-type product will be released... More of this article »
Foot Locker Hurt by Year End Losses
Foot Locker shares sank on Friday in trading after the retailer of athletic footwear and apparel posted mixed results and announced that sales would continue to drag starting 2018, which in turned spooked analysts and investors. Sales... More of this article »
AT&T Implementing 5G Service in a Dozen U.S. Cities in 2018
The first deployment of the 5G mobile service for AT&T will come to areas of Atlanta, Dallas and Waco, Texas before the end of this year, with nine additional cities in the U.S. to be announced over the upcoming months. AT&T... More of this article »
Amazon Giving Back 5% on Purchases at Whole Foods by Prime Members
With e-commerce giant Amazon expanding into the grocery business, its loyalty programs full of perks is following close behind. Members of Amazon Prime who uses the company’s Prime Rewards Visa card will now receive 5% back when... More of this article »
Software May Have Given Daimler Help in Passing Emissions Test
Investigators in the U.S. probing Daimler the maker of Mercedes Benz have found its cars were outfitted with software that might have helped them pass strict emissions tests for diesel engines, reported a German newspaper on Sunday.... More of this article »
Department of Insurance in California Opens Investigation of Aetna
California’s Department of Insurance has opened an investigation of insurance giant Aetna after a doctor, who was once employed by the company, admitted under oath that he never looked at the records of patients prior to deciding... More of this article »
CEO of Lululemon Resigns; Misconduct Cited
Effective immediately Laurent Potdevin the CEO at Lululemon Athletica has resigned from the yoga wear maker said the company in a prepared statement on Monday. Lululemon said that Potdevin had fallen short of conduct and standards... More of this article »
Tesla Solar Power Products Will Be Sold at Home Depot
In its effort to make solar power products much more visible to the mainstream customers, Tesla is going to set up a retail space of its own inside Home Depot locations across the United States in an effort to promote and sell its... More of this article »
Pork Demand in U.S. Strong, Trade Disputes Could Hurt Exports
Consumers across the U.S. are buying large amounts of inexpensive pork, but farmers in the U.S. have become worried that trade disputes with important export markets in Mexico, Canada and China could hurt a part of their business that... More of this article »
CEO at Volkswagen Shocked by Repulsive Fume Tests
Volkswagen’s CEO said the reports the carmaker sponsored tests exposing humans and monkeys to toxic fumes had “stunned” him. This came just two years after the automaker suffered through a cheating scandal involving emissions.... More of this article »
LG to Increase Prices of Washing Machines in United States
LG Electronics Inc. will increase its prices for most of the washing machines it sells in the United States, said the South Korea based company Wednesday, in response to the steep tariffs the White House administration placed on large... More of this article »
President Trump Approves Tariffs on Imported Washing Machines and Solar Panels
On Monday, in a pledge to defend businesses and workers in the U.S., President Donald Trump imposed new tariffs on imported large residential washing machines and components for solar panels. In a prepared statement, Robert Lightizer... More of this article »
OnePlus Phone Buyers May Have Suffered Credit Card Breach
For about 40,000 customers at OnePlus, things are not so good. The bad news is not related to the wait they may have before upgrading to OnePlus 6. It appears that the OnePlus website has been hacked, and that the hackers made off... More of this article »
Peugeot CEO Releases Ambitious Plan of Re-Entering U.S.
Peugeot CEO Carlos Tavares announced Wednesday that the French carmaker would use the know-how of former engineers of Opel acquired from GM to develop new vehicles to re-enter the United States auto market. He added that Peugeot would... More of this article »
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 »
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 »
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 »