Home » Business
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 »
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 »
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 »
Apple Seeing Growth in iPhones in China, But for How Long
When Apple posts its quarterly earnings late this week, it might have a bright spot that will surprise many – China. Estimates made by Canalys expect the smartphone shipments from Apple to China to increase to over 11 million units... 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 »
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 »
Uzbekistan Airways Select GE Engines For Its New Dreamliners
General Electric has bagged a contract worth $230 million to supply jet engines to an airline that has ordered 787 Dreamliners from Boeing. The airline, Uzbekistan Airways, has picked GEnx-1B engines for the four Boeing 787-8 aircraft... More of this article »
ABB To Acquire GE’s Industrial Solutions Unit
Swiss engineering firm ABB has announced that it is acquiring the industrial solutions business unit of General Electric at a price of $2.6 billion. Under the deal ABB will continue to use GE’s brand. ABB is betting that it can increase... More of this article »
Nestle Acquires Sweet Earth to Expand Plant-Based Offerings In Trendy Market
Even if you are not into the trend or have no interest in changing your diet, you cannot deny how quickly the plant-based food sector has grown over the past few years. As a matter of fact, this trend has been touted as the fastest... More of this article »
Russia And Exxon Mobil To Settle Tax Dispute Out-Of-Court
Reports indicate that Exxon Mobil and the government of Russia have reached an agreement to settle a Sakhalin-1 legal dispute out of court. The dispute involves a tax claim totalling over $600 million on the Sakhalin gas and oil project. “An... More of this article »
John Chambers To Retire As Chairman Of Cisco
Cisco has announced that John Chambers, who has been the executive chairman of the networking gear firm for over two decades, will not be standing for re-election later in the year. The company’s chief executive officer, Chuck Robbins,... More of this article »
AT&T Introduces New AT&T NetBond Feature
AT&T is leveraging its cloud networking solution known as AT&T NetBond with a view to smoothening connections among multiple cloud platforms in order to provide improved cloud services. The solution is expected to allow business... More of this article »