Home » Business

Delta Reducing The Amount Its Seats Can Recline

Delta Reducing The Amount Its Seats Can Recline

Delta Air Lines (NYSE: DAL) has announced that it will be reducing the amount that some of their seats recline on some their planes. The move appears to be part of a plan to improve the comfort of the airline’s passengers. The... 
Anti-stall System Examined As Factor In Boeing 737 Max Crashes

Anti-stall System Examined As Factor In Boeing 737 Max Crashes

Investigations have pinpointed an anti-stall system installed in Boeing 737 Max aircraft as a potential factor in the crashes of two of the jets in the past five months. In both the March crash in Ethiopia and an earlier one in... 
Facebook Sued Over Fair Housing Act Violations

Facebook Sued Over Fair Housing Act Violations

The U.S. Department of Housing and Urban Development is suing social media giant Facebook Inc. (NASDAQ: FB) over selling targeted advertising that violated the U.S. Fair Housing Act. Under the 1968 Fair Housing Act, it is illegal... 
Uber Settles Independent Contractor Lawsuit

Uber Settles Independent Contractor Lawsuit

A long-running legal battle between Uber Technologies Inc. and some of its drivers has been settled. Under the terms of the settlement, Uber has agreed to pay the drivers $20 million. The settlement covers drivers in California... 
Ford Taurus Sedan Reaches End Of Era

Ford Taurus Sedan Reaches End Of Era

After a nearly-constant 34-year production run, the era of the Ford Taurus sedan has come to an end. Ford Motor Company’s (NYSE: F) final Taurus full-size sedan has rolled off the line at its assembly plant in Chicago. Over... 
Weight Watchers Disappoints Investors With Results, Guidance

Weight Watchers Disappoints Investors With Results, Guidance

Investors are not happy with Weight Watchers International Inc. (NASDAQ: WTW) after the company posted disappointing results for the fourth quarter. The company reported adjusted fourth-quarter earnings of 46 cents per share.... 
Kraft Heinz Reports Disappointing Quarterly Results

Kraft Heinz Reports Disappointing Quarterly Results

Kraft Heinz Co. (NASDAQ: KHC) released a fourth-quarter earnings report that deeply disappointed investors. The food giant, known for its boxed macaroni and cheese and its ketchup, reported a net loss of $12.61 billion for the... 
Apple Buying Voice App Builder Pullstring

Apple Buying Voice App Builder Pullstring

Published reports are indicating that Apple Inc. (NASDAQ: AAPL) has agreed to buy Pullstring, a startup that helps customers publish voice apps, for an undisclosed amount. The startup, founded in 2011 by former Pixar executives,... 
Apple And Google Slammed Over Tracking App

Apple And Google Slammed Over Tracking App

Apple Inc. (NASDAQ: AAPL) and Alphabet’s Google Inc. (NASDAQ: GOOGL) are being harshly criticized for hosting an app that allows men in Saudi Arabia to track and control the movement of women. The app is called Absher and was... 
Toys R Us Store Closures Negatively Impact Hasbro’s Profit

Toys R Us Store Closures Negatively Impact Hasbro’s Profit

The closure of Toys R Us stores across the U.S. hurt Hasbro Inc. (NASDAQ: HAS) more than expected in the fourth quarter of its fiscal year. In a statement, Hasbro CEO Brian Goldner said that “the effect of its liquidated inventory... 
Wells Fargo Making Slow Progress Towards Asset Cap Removal

Wells Fargo Making Slow Progress Towards Asset Cap Removal

Wells Fargo & Co. (NYSE: WFC) will be operating under a Federal Reserve asset cap through the end of 2019, according to an announcement by the company. Chief Executive Officer Tim Sloan said on an earnings call, “To have... 
Michael Kors Holdings Finalizes Acquisition And Name Change

Michael Kors Holdings Finalizes Acquisition And Name Change

Luxury group Michal Kors Holdings (NYSE: KORS) has finalized its acquisition of the Versace fashion house and changed the group’s name to Capri Holdings Limited. The company is publicly listed on the New York Stock Exchange under... 
Altria Invests Nearly $13 Billion In Juul

Altria Invests Nearly $13 Billion In Juul

Altria Group Inc. (NYSE: MO) has bought a 35 percent stake in Juul Labs Inc. for $12.8 billion. The deal values Juul at $38 billion, more than double its value since a previous investment in July. According to the terms of the deal,... 
Sears Holdings To Pay Bonuses In Bankruptcy

Sears Holdings To Pay Bonuses In Bankruptcy

Sears Holdings Corp. has reportedly received approval to pay as much as $25.3 million in bonuses to the company’s top executives and high-ranking employees. According to published reports, Sears’s request has been approved a U.S.... 
Instacart Ending Partnership With Whole Foods

Instacart Ending Partnership With Whole Foods

Instacart has ended its delivery partnership with Amazon-owned grocery chain Whole Foods. Instacart CEO Apoorva Mehta announced the decision in a blog post. He wrote: “We expect to ramp down all remaining Whole Foods in-store... 
AT&T To Launch Three-tiered Streaming Service

AT&T To Launch Three-tiered Streaming Service

AT&T Inc. (NYSE: T) has announced that it will be rolling out three streaming video services by late 2019. The company unveiled plans for the unnamed service during a presentation to investors in New York. This will make AT&T... 
General Motors Announces End Of 6 Models

General Motors Announces End Of 6 Models

General Motors Co. (NYSE: GM) has announced that it will be ending the production of six of its models amid planned factory closures. The company is shifting away from sedans in favor of pickup trucks, cross-overs, and SUVs. GM said... 
Minnesota-Based Schwan’s Sells Controlling Stake to South Korea’s CJCJ

Minnesota-Based Schwan’s Sells Controlling Stake to South Korea’s CJCJ

A Minneapolis-based food distribution company has just been sold to the largest food company in South Korea.  The Schwan’s Company is a very popular home delivery service, known for their gold delivery trucks. On Thursday, the company... 
Juul E-Cigarette Flavors To Be Removed From Stores

Juul E-Cigarette Flavors To Be Removed From Stores

Juul Labs has announced that retail sales of most of its flavored e-cigarette pods will be suspended for the foreseeable future. The mango, fruit, crème and cucumber Juul pods will be pulled from the shelves of retail stores contracted... 
Amazon Announces Free Holiday Shipping With No Purchase Minimum

Amazon Announces Free Holiday Shipping With No Purchase Minimum

E-commerce giant Amazon has revealed their new strategy to boost sales this holiday season:  free shipping to all customers.  In the continued fight between traditional brick-and-mortar stores and online retailers, Amazon has not... 
Lowe’s Is Closing More Than 50 Stores Across North America

Lowe’s Is Closing More Than 50 Stores Across North America

Home improvement retail chain Lowe’s has announced the closure of 20 stores in the United States and 31 Canada as a part of a restructuring program.  These stores are not performing at an acceptable rate, which has contributed to... 
Wall Street Looking to Recover in November

Wall Street Looking to Recover in November

October was quite a tough month for Wall Street, but things are already starting to turn around.  In fact, approaching the end of the month, it was quite apparent that this was the worst month for equity markets in the past two years... 
US Auto Sales Pinched From Higher Interest Rates and Lower Consumer Confidence

US Auto Sales Pinched From Higher Interest Rates and Lower Consumer Confidence

The latest numbers show that US auto sales rose a little in October, with growth slowed from higher interest rates and higher vehicle prices.  But this growth may come to an end soon, as Ford Motor Co warns that consumer confidence... 
China Stocks Down, but Hong Kong Housing Market Holding Strong

China Stocks Down, but Hong Kong Housing Market Holding Strong

Led by quick declines in Chinese stocks on the heels of concern of US-China trade relations, the Asian markets lost steam early on Monday. The fall also comes at a time when tech stocks certainty is low, as well.  Overall, the Shanghai... 
Sam’s Club Opening Cash Register Free Stores

Sam’s Club Opening Cash Register Free Stores

Sam´s Club, a Walmart warehouse club, will open a new store in the Dallas area later this week. This opening will work as a test in selling technology. The store will use technology similar to that of the Amazon Go stores where there... 
Record Drop in Sales for Great Wall Motors as Car Market in China Stalls

Record Drop in Sales for Great Wall Motors as Car Market in China Stalls

Chinese automaker Great Wall Motors reported a record sales drop for a quarter and a plunge in profit on Friday, amidst a sharp drop in demand in the largest automobile market in the world that has spooked both automakers and dealerships. Revenue... 
Snap Inc. Beats Estimates For Revenue, Earnings

Snap Inc. Beats Estimates For Revenue, Earnings

Snap Inc. managed to beat Wall Street’s expectations for revenue and earnings despite its user count continuing to drop. Snap lost $325 million this quarter compared to $353 million in the last quarter. The company reported a loss... 
Barclays Earnings Top Expectations

Barclays Earnings Top Expectations

Barclays posted stronger than had been expected earnings Wednesday despite challenging conditions in the market and lingering worries over Brexit. The bank, based in the UK, posted net income of £1 billion equal to $1.29 billion for... 
Man’s Racist Rant Caught on Video on Ryanair

Man’s Racist Rant Caught on Video on Ryanair

European airline Ryanair has been criticized after one of its passengers made racist comments about one of his fellow passengers that were videotaped. A member of the Ryanair crew on the flight to London from Barcelona intervened,... 
Revenue at IBM Falls Short, Software and Server Sales Slow

Revenue at IBM Falls Short, Software and Server Sales Slow

IBM Corp posted a revenue drop that was bigger than had been expected Tuesday, as it was hit by slowing sales for software and less demand for its mainframe servers, which points to a tough recovery for the giant of technology services... 
Sears Files for Bankruptcy Amidst Plummeting Sales and Huge Debt

Sears Files for Bankruptcy Amidst Plummeting Sales and Huge Debt

On Monday, Sears filled Chapter 11 bankruptcy as massive debt and huge losses became too much. The big question is if the smaller version of the business, that at one time dominated the retail landscape of the U.S. can remain a viable... 
Revenue for Third Quarter at Wells Fargo Beats Expectations

Revenue for Third Quarter at Wells Fargo Beats Expectations

Wells Fargo & Co. posted revenue for its third quarter that topped Wall Street expectations as the bank revamps operations for today’s digital banking age. However, it came up short on its profit forecasts. Revenue ended the... 
Sears Shares Plummet 30% Following Report It Is Not Paying Vendors

Sears Shares Plummet 30% Following Report It Is Not Paying Vendors

Sears stock plummeted sharply Thursday after several reports said the retailer has stopped paying vendors for products. Three companies that that sell products in Sears have reportedly said the retailer missed payments that were due... 
Oil Exports in Iran Drop More Thanks to Trump Sanctions

Oil Exports in Iran Drop More Thanks to Trump Sanctions

The crude exports out of Iran fell further during the first few days of October showed tanker data, taking a big turn from sanctions placed by the U.S. and throwing up a big challenge for OPEC crude producers as they look to cover... 
FDA Raids Juul Offices Seizing Documents from E-Cigarette Maker

FDA Raids Juul Offices Seizing Documents from E-Cigarette Maker

Last week, the United States Food and Drug Administration seized reams of documents from the San Francisco headquarters of e-cigarette maker Juul. The federal agency announced on Tuesday. The FDA has been looking at the marketing practices... 
Amazon Raising Wage Floor To $15

Amazon Raising Wage Floor To $15

Amazon (NASDAQ: AMZN) has announced it is raising its minimum wage to $15 an hour for its employees. With the move, Amazon will now be paying its lowest paid employees more than double the federal minimum wage. The federal minimum... 
Sears Shares Now Worth Less Than $1

Sears Shares Now Worth Less Than $1

Shares of Sears Holdings (NASDAQ: SHLD) fell to an all-time low of $0.92 per share, marking the first time in the company’s history that its stock has fallen below $1. The department store chain’s shares have fallen more than... 
Ford Motor Co.: Metal Tariffs to Cost $1 Billion in Profits

Ford Motor Co.: Metal Tariffs to Cost $1 Billion in Profits

Aluminum and steel tariffs that the White House administration imposed earlier this year will cost carmaker Ford Motor Co. $1 billion in profits, said its CEO Wednesday, while Japanese carmaker Honda Motor said that higher prices of... 
Sonic Bought By Arby’s Parent Company

Sonic Bought By Arby’s Parent Company

Arby’s parent company Inspire Brands has agreed to buy drive-in burger chain Sonic (NASDAQ: SONC) in a deal valued at $2.3 billion. The price represents a premium of roughly 19 percent to the chain’s closing stock price... 
Delta Air Lines: First Biometric Terminal will be at Atlanta Airport

Delta Air Lines: First Biometric Terminal will be at Atlanta Airport

Delta Air Lines will introduce what it describes as the first U.S.-based biometric terminal. The air carrier said it was equipping Terminal F, the international terminal, at the Atlanta airport with new face-screening technology that... 
Ferrari Plans 15 New Models in Next Four Years

Ferrari Plans 15 New Models in Next Four Years

Ferrari the sports car maker based in Italy said that it would launch as many as 15 new models over the next four years, as it begins a new strategy of five years under its new CEO. The automaker is also intending to launch a SUV for... 
Big Tobacco Could Benefit from Crackdown by FDA on E-Cigarettes

Big Tobacco Could Benefit from Crackdown by FDA on E-Cigarettes

A crackdown by the U.S. Food and Drug Administration on e-cigarettes could give a boost to big tobacco, said an analyst this week. If the crackdown were to reduce the number of overall smokers shifting to e-cigarettes, it would not... 
Naomi Osaka Signs with Nissan as Carmaker’s Brand Ambassador

Naomi Osaka Signs with Nissan as Carmaker’s Brand Ambassador

Japanese carmaker Nissan Motor announced on Thursday that it has signed Naomi Osaka, the just crowned U.S. Open champion as its new brand ambassador, tapping the drive, youth and Japanese roots of the tennis star to appeal to younger... 
Sonos Stock Plunges Following First Earnings as Public Entity

Sonos Stock Plunges Following First Earnings as Public Entity

Shares of Sonos plunged by 15% in afterhours trading Monday, which erased a gain during the trading day of 13%, after the company posted earnings for its third quarter of fiscal year 2018. Sonos posted 45 cents per share loss in earnings... 
Starbucks Has New Partner in New Zealand While Struggles There Continue

Starbucks Has New Partner in New Zealand While Struggles There Continue

Starbucks Corp is preparing for a new partner in its New Zealand market after the current license holder announced it would not be renewing its deal of two decades across the region where a coffee culture that is very entrenched has... 
Campbell Soup To Sell Fresh, International Units

Campbell Soup To Sell Fresh, International Units

Campbell Soup (NYSE: CPB) is planning to sell its international division and its Campbell Fresh unit. The two businesses currently bring in about $2.1 billion in annual sales, about a quarter of Campbell’s overall revenue. The company... 
Walmart Increasing In-Store Toys by 30% for Holidays

Walmart Increasing In-Store Toys by 30% for Holidays

On Thursday, Walmart said it will expand the assortment of toys it has at all its brick and mortar locations by 30% during the 2018 holiday shopping season. The retailer will offer 40% more toys on its e-commerce site Walmart.com. At... 
Yum China Rebuffs Offer of $17.6 Billion by Hillhouse-Led Group

Yum China Rebuffs Offer of $17.6 Billion by Hillhouse-Led Group

Yum China Holdings the operator of fast-food chains rejected a buyout offer of $17.6 billion by a Hillhouse Capital Group led consortium. The rejection of the Chinese investment firm’s offer quashed what potentially would have been... 
Target Shares Soar on Earnings Beat and Growth in Traffic

Target Shares Soar on Earnings Beat and Growth in Traffic

On Wednesday, Target stock surged after the giant retailer posted unprecedented growth in its foot traffic at stores, along with revenue, profit and sales at comparable stores during the second quarter that surpassed expectations of... 
ConocoPhillips Reaches Settlement with Venezuela’s PDVSA

ConocoPhillips Reaches Settlement with Venezuela’s PDVSA

U.S. oil producer ConocoPhillips and PDVSA in Venezuela reached a settlement of more than $2 billion, the two companies said Monday, suspending a disagreement that blocked the oil company, which is state-run, from exporting oil from...