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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... 
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...