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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... 
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...