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Sears CEO Offers to Buy Kenmore for $400 Million

Sears CEO Offers to Buy Kenmore for $400 Million

Eddie Lampert the majority shareholder and CEO of Sears, has said that he is willing to pay as much $400 million to buy the company’s Kenmore appliance brand. Sears Holdings, a retailer that has become cash starved and owns the Sears... 
Rite Aid and Albertsons End Merger Plans

Rite Aid and Albertsons End Merger Plans

Rite and Albertsons have called an abrupt end to their planned merger. Late Wednesday the two retailers announced they would call of the deal because of the pushback that has been received from shareholders that have complained it... 
Uber Rival Heading to Europe with Launch Set for the UK

Uber Rival Heading to Europe with Launch Set for the UK

There soon will be an alternative in the UK for Uber after Ola, the ride-hailing company based in India announced its plans to launch its business in the country, establishing its first market in Europe. In 2010 Ola was founded and... 
Facebook Unveils New Time Management Features

Facebook Unveils New Time Management Features

Facebook Inc. (NASDAQ: FB) has created several new features for the Facebook and Instagram apps that will help users manage and limit the amount of time they spend on them. Facebook wrote in a blog post: “We developed these tools... 
Tesla Reports Biggest Loss Ever

Tesla Reports Biggest Loss Ever

Tesla (NASDAQ: TSLA) just reported its largest quarterly loss in its history. In the quarter ended June 30, the electric car company had a net loss of $717.5 million, or $4.22 per share. Tesla recorded a loss of $336.4 million, or... 
Harley-Davidson Rolling Out Smaller Bikes in Push Internationally

Harley-Davidson Rolling Out Smaller Bikes in Push Internationally

CEO of Harley-Davidson Matt Levatich outlined an aggressive growth plan for the motorcycle maker that includes a new bigger lineup of lighter motorcycles, small retail stores in urban areas, a new online strategy and a bigger push... 
Twitter Shares Plunge 15% After Purging Accounts

Twitter Shares Plunge 15% After Purging Accounts

The number of users on Twitter dropped during the quarter that ended in June as the microblogging platform attempted to clean out fake accounts and comply with Europe’s new regulations about users’ privacy. On Friday, the social... 
Shares of Facebook Plunge As Revenue Misses and Slowdown Projected

Shares of Facebook Plunge As Revenue Misses and Slowdown Projected

Facebook fell short of projections for its global revenue and daily active users during the most recent quarter, after it struggled with scandals over fake news and data leaks. The social media giant posted earnings for the second... 
Papa John’s Board Moves To Prevent Founder Takeover

Papa John’s Board Moves To Prevent Founder Takeover

The Papa John’s (NASDAQ: PZZA) board of directors is taking action to prevent the company’s founder, John Schnatter, from taking control of the company. The board has created a limited-duration stockholder rights plan it... 
Dallas Cowboys Named Forbes Most Valuable Sports Team

Dallas Cowboys Named Forbes Most Valuable Sports Team

The Dallas Cowboys are back at the top. Forbes Magazine has once again named the NFL team the most valuable team in the world. The Cowboys topped the list in 2017 as well. On Wednesday, Forbes published their list of most valuable... 
Uber Facing Gender Discrimination Federal Investigation

Uber Facing Gender Discrimination Federal Investigation

Uber is being investigated by the U.S. Equal Employment Opportunity Commission (EEOC) said a source close to the matter. The EEOC investigation is focused on gender discrimination. The investigation by the EEOC into Uber’s wages,... 
Global Stocks Slide as Trade War Stepped Up by U.S.

Global Stocks Slide as Trade War Stepped Up by U.S.

The White House administration’s most recent volley in its trade war with Beijing sent shudders across the worldwide financial markets on Wednesday. The United States government announced it was preparing to put new 10% tariffs on... 
Nissan Admits Emissions Tests Falsified

Nissan Admits Emissions Tests Falsified

Nissan Motor has admitted that its employees have been found to be falsifying product-quality data for 19 vehicle models sold in Japan. According to currently available data, the tampering incidents date back to 2013 and have involved... 
Starbucks Announces Plastic Straws Will Become a Thing of the Past

Starbucks Announces Plastic Straws Will Become a Thing of the Past

The coffeehouse chain Starbucks announced Monday that by the 2020 all stores will eliminate the use of plastic straws. By doing this, the company will eliminate the use of more than one billion plastic straws annually. The use of plastic... 
Lyft and Uber Held Acquisition Talks with Skedaddle

Lyft and Uber Held Acquisition Talks with Skedaddle

It appears that Uber as well as Lyft are pursuing Skedaddle the crowdsourced bus startup. This is the most recent indication that the two ride-hailing businesses want to increase their companies to include every mode of transportation... 
Twenty-Two Arrested in Brazil Including GE CEO of Latin America

Twenty-Two Arrested in Brazil Including GE CEO of Latin America

Police in Brazil have arrested General Electric Latin American CEO Daurio Speranzini Jr. Wednesday in a probe of suspected fraud and corruption by international companies in the health system of the state of Rio de Janeiro. Speranzini... 
Nestle Eyeing Champion Petfoods in a Deal for More Than $2 Billion

Nestle Eyeing Champion Petfoods in a Deal for More Than $2 Billion

Nestle SA, which has come under pressure by investors to deliver growth at a faster rate, is looking to one of the most successful Canada-based consumer-products companies to help according to a just released report. Nestle is holding... 
Video Assistant Referee Impacting World Cup

Video Assistant Referee Impacting World Cup

There has yet to be one player during the group stages of the World Cup to put his stamp on the 2018 World Cup in Russia, but there is no question the biggest impact yet on the tournament has been the VAR or Video Assistant Referee. The... 
Amazon To Acquire Online Pharmacy PillPack

Amazon To Acquire Online Pharmacy PillPack

Amazon (NASDAQ: AMZN) has announced it will be acquiring pharmaceutical startup PillPack. The companies said they expect to close the deal in the second half of 2018. The terms of the deal have yet to be disclosed. Amazon’s CEO of... 
Fujifilm Sues Xerox for $1 Billion Over Merger Gone Bad

Fujifilm Sues Xerox for $1 Billion Over Merger Gone Bad

Fujifilm has asked the court to force Xerox to pay $1 billion for pulling out of the planned merger between the companies. Fujifilm, based in Japan, filed its lawsuit in New York district court Monday seeking punitive damages due to... 
Comcast Offers More Than Disney For Fox

Comcast Offers More Than Disney For Fox

Comcast (NASDAQ: CMCSA) has formalized a $65 billion all-cash bid for most of 21st Century Fox (NASDAQ: FOX), topping Disney’s (NYSE: DIS) $52.4 billion bid for the same film and TV assets. Comcast also said it would cover the $1.5... 
Walgreens Sued by Kentucky for Dual Role in Opioid Crisis

Walgreens Sued by Kentucky for Dual Role in Opioid Crisis

The Attorney General of Kentucky announced Thursday that the state was filing suit against the Walgreens pharmacy chain for the alleged exacerbating of the opioid crisis, the suit calls “man-made,” through playing a dual role in... 
Tesla Eliminates 9% of Workforce As It Searches for Profit

Tesla Eliminates 9% of Workforce As It Searches for Profit

Electric vehicle maker Tesla Inc. will cut thousands of jobs in the company as it attempts to lower costs and become profitable while not endangering its important production increase for its latest Model 3 sedan. On Tuesday, CEO Elon... 
SoftBank Makes Large Investment In Cohesity Startup

SoftBank Makes Large Investment In Cohesity Startup

Cohesity has reportedly raised $250 million in a series D round of funding led by SoftBank’s Vision Fund. Other funding round participants included Sequoia Capital, Cisco Investments, Hewlett Packard Enterprise (HPE), Morgan Stanley... 
Uber and Lyft Eyeing Electric Scooters

Uber and Lyft Eyeing Electric Scooters

Uber and Lyft along with other companies are vying for permits that authorize electric scooter use in San Francisco as the two ride-hailing business look to move beyond their roots for autos. San Francisco temporarily stopped all use... 
Lawmakers in Honolulu Pass Ride-Hailing Surge Pricing Cap

Lawmakers in Honolulu Pass Ride-Hailing Surge Pricing Cap

Honolulu is set to become the first city in the U.S. to limit fares that ride-hailing businesses are able to charge when there is a spike in demand. This came following vote by the city council on Wednesday. Companies that specialize... 
Mexico Threats of Pork Tariffs Pushing Losses in Iowa Higher

Mexico Threats of Pork Tariffs Pushing Losses in Iowa Higher

Iowa producers of pork that are already dealing with a tariff of 25% on pork exports from the U.S. to China could be facing another big hit with Mexico considering a tariff of 20% on pork shoulders and ham. Growing worries over trade... 
Sears Closing Dozens of More Stores

Sears Closing Dozens of More Stores

Sears Holdings announced that it would be closing dozens of more stores as sales drop and losses increase. The beleaguered retailer operates both Sears and Kmart stores and said it identified approximately 100 stores that no longer... 
De Beers Will Start Selling Man-Made Diamonds

De Beers Will Start Selling Man-Made Diamonds

Diamond giant De Beers for years promoted gemstones as precious and pricey, but this week said it would start selling diamonds made in the lab that cost less than a tenth of what a mined gem costs. This new line of blue, pink and white... 
Investors Not Hungry for Consumer Staples

Investors Not Hungry for Consumer Staples

  The U.S. consumer staples index or .SPLRCS, which is the biggest laggard in 2018 on the S&P 500, could fall even further and might even become less appealing as a defensive maneuver if the economy were to turn sour. This... 
Kroger Buys Stake in Online UK Grocer Ocado

Kroger Buys Stake in Online UK Grocer Ocado

Kroger Co. has signed an agreement with UK-based Ocado Group Plc to bring that grocer’s platform of home delivery into the U.S., the two companies jointly announced on Thursday. KR shares were up just under 1% in trading that was... 
Xerox Cancels Fujifilm Deal

Xerox Cancels Fujifilm Deal

Xerox Corp. (NYSE: XRX) has canceled a $6.1 billion takeover by Fujifilm Holdings Corp. The transaction would have ceded control of Xerox to the Japanese company. In its statement, Xerox cited Fujifilm’s failure to provide audited... 
Publicis CEO: Data Scandal at Facebook Not Scaring Off Advertisers

Publicis CEO: Data Scandal at Facebook Not Scaring Off Advertisers

The data privacy scandal that rocked Facebook has not scared off the social media giant’s advertisers, according to the CEO at one of the world’s major advertising firms. CEO of Publicis Media Steven King said that Facebook experienced... 
CEO of GameStop Abruptly Resigns After Only Three Months

CEO of GameStop Abruptly Resigns After Only Three Months

CEO of GameStop Corp Michael Mauler stepped down abruptly after only three months at the helm, bringing about new upheaval to the retailer that is already struggling to jumpstart its growth. Daniel DeMatteo, who is the co-founder of... 
California First State Mandating New Homes Have Solar Panels

California First State Mandating New Homes Have Solar Panels

For the last seven years some homebuilders in California offered home buyers a solar option if they were willing to pay the extra cash. Now California is set to begin making solar a standard items on almost every new home to be built... 
Amazon Halts Seattle Expansion Over Proposed Tax

Amazon Halts Seattle Expansion Over Proposed Tax

Amazon (NASDAQ: AMZN) has announced a halt to its expansion plans in Seattle over a tax being considered by the City Council. The company said it would halt construction of a new building, known as Block 18, it was planning to erect... 
Yum Brands Shares Fall After Quarterly Results are Mixed

Yum Brands Shares Fall After Quarterly Results are Mixed

Yum Brands, Inc. posted mixed numbers for its first quarter Wednesday sending shares down by 4%. Yum’s strong revenue as well as earnings for the first quarter were positives for its investors, but sales growth in same-restaurants... 
Boeing Buying Parts Supplier KLX for $4.25 Billion

Boeing Buying Parts Supplier KLX for $4.25 Billion

Boeing Co. has announced it will spend $4.25 billion in cash to purchase KLX Inc. a plane parts supplier that includes debt of $1 billion, as the largest maker of planes in the world gives a big boost to its fast-growing new division... 
Square Acquiring Weebly the Website Builder

Square Acquiring Weebly the Website Builder

Square, the payment software and hardware maker has announced that it agreed to purchase Weebly for $365 million in a cash and stock deal. While software and hardware for payments is what Square is best known for, it has also expanded... 
Safety at Tesla Factory Being Scrutinized Following Injury to Worker

Safety at Tesla Factory Being Scrutinized Following Injury to Worker

Tesla has already come under much scrutiny due to an uncertain financial outlook as well as troubles in production of its new model along with questions about safety with its driver-assistance technology. However, another new problem... 
Volume Growth Increases as Nestle Confirms Outlook

Volume Growth Increases as Nestle Confirms Outlook

Food giant Nestle has confirmed its guidance for the full year after its organic sales growth increased to over 2.8% during its 2018 first quarter, helped by increased volumes. Nestle is amongst the packaged food businesses taking... 
Walmart Website Has New Look in Latest Push into E-Commerce

Walmart Website Has New Look in Latest Push into E-Commerce

Walmart Inc., the largest brick and mortar retailer in the world, said Tuesday that it has made several changes to its online site, as it bets that a clean and more modern website will help to take away market share for its biggest... 
Toy Mogul Bids for Toys R Us Stores

Toy Mogul Bids for Toys R Us Stores

Isaac Larian the toy mogul from California submitted a bid on Friday of $675 million to purchase 274 U.S. based Toys R Us stores and another bid of $215 million to buy 82 stores located in Canada. The bid arrived just over three weeks... 
Offices in Investigation of Sports Broadcasting Raided by EC

Offices in Investigation of Sports Broadcasting Raided by EC

On Tuesday, the European Commission raided offices of several companies, including a Fox unit of Rupert Murdoch, involved in sports broadcasting rights, as part of possible cartel investigation. In Europe, sports broadcasting has become... 
Nearly All Theranos Employees Laid Off

Nearly All Theranos Employees Laid Off

Blood-testing startup Theranos has reportedly laid off the bulk of its remaining employees in a bid to avoid bankruptcy. CEO Elizabeth Holmes announced the layoffs to staff at an all-hands meeting at the company’s Newark, Calif.... 
Trump Administration Considers Tougher Imported Car Rules

Trump Administration Considers Tougher Imported Car Rules

The White House administration is contemplating ways it can require imported vehicles to meet stricter standards for the environment as a way to protect carmakers in the U.S., according to sources who are familiar with the thinking... 
Elon Musk Turns Focus To Tesla Model 3 Production

Elon Musk Turns Focus To Tesla Model 3 Production

Tesla founder Elon Musk has reportedly taken charge of Model 3 production after several missed production deadlines, calling it the “highest priority”. A Tesla spokesman said Musk had asked engineering chief Doug Field to manage... 
Tesla: Driver’s Hands Not on Wheel When Accident Occurred

Tesla: Driver’s Hands Not on Wheel When Accident Occurred

On Friday, Tesla Inc. announced that the computer logs from the Model X vehicle that was involved in a fatal accident last week showed that the driver of the vehicle did not have his hands on the vehicle’s steering wheel for the... 
Sales of SUVS Cause Automakers to Inundate Market with New Models

Sales of SUVS Cause Automakers to Inundate Market with New Models

Demand for SUVs across the U.S. is strong but the selection of new models attempting to grab a share of that sector is even stronger threatening big profits that automakers have been enjoying. At this week’s New York Auto Show, automakers... 
Uber Pulling Out Of Southeast Asia Market

Uber Pulling Out Of Southeast Asia Market

Uber Technologies Inc. has agreed to sell its Southeast Asian business to regional rival Grab. The agreement includes all of Uber’s operations in Southeast Asia as well as Uber Eats in the region, according to people familiar with...