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Boeing Expected to Win Wide-Body Jetliner Order from American

Boeing Expected to Win Wide-Body Jetliner Order from American

Sources have said that Boeing Co. is near to winning a big contest to supply American Airlines with 787 Dreamliner jets, beating out Airbus its European rival. The deal, which is not yet finalized, also is a big win for General Electric,... 
Over Half of Homes in U.S. Subscribe to Streaming Services

Over Half of Homes in U.S. Subscribe to Streaming Services

The 12th annual survey by Deloitte of digital media trends found that the percentage of households in the U.S. subscribing to streaming services has increased to 55%. In 2017, the company said that 49% of households in the U.S. said... 
Toys R Us Closing Stores Worldwide

Toys R Us Closing Stores Worldwide

Toy store chain Toys R Us has announced plans to sell or close all 800 of its U.S. stores. The company also announced it would close all 100 of its U.K. stores as well as its stores in Canada. The retailer is also likely to liquidate... 
Trump Eyeing More Tariffs on Goods Such as Apparel, Telecoms and Tech

Trump Eyeing More Tariffs on Goods Such as Apparel, Telecoms and Tech

United States President Donald Trump will seek to place tariffs on over $60 billion of imports from China and target the telecommunications and technology sectors, said two people that have discussed this issued with the White House... 
Apple Buying Magazine Subscription App

Apple Buying Magazine Subscription App

Apple Inc. (NASDAQ: AAPL) has announced its intentions to buy Texture, a digital magazine subscription app, from Next Issue Media LLC. Eddy Cue, Apple’s senior vice president of Internet Software and Services, said, “We’re excited... 
Reports: Toys R Us Preparing to Liquidate U.S. Operations

Reports: Toys R Us Preparing to Liquidate U.S. Operations

Bloomberg has reported that Toys R Us is planning a complete liquidation of its U.S. operations that are now under bankrupt protection as it has not located a buyer or reached a restructuring deal for its debt with lenders. Because... 
3,700 Jobs At Risk At Airbus

3,700 Jobs At Risk At Airbus

Reduced demand for some aircraft is now threatening thousands of jobs at European plane maker Airbus (EPA: AIR). The reductions would affect about 3,700 jobs in Germany, France, Spain and the U.K. Airbus said about 10 sites in Europe... 
Tariffs Imposed by Trump Would Barely Increase Boeing Prices

Tariffs Imposed by Trump Would Barely Increase Boeing Prices

The plan by President Donald Trump to add tariffs to imported aluminum and steel would barely move the price of a jetliner made by Boeing or even a fighter jet, defying the fears some have of a large blow to industry in the U.S., say... 
DoorDash Receives $535 Million in Funding

DoorDash Receives $535 Million in Funding

DoorDash has added over $535 million in capital as the food delivery war begins to increase in intensity. The large amount of new money comes from SoftBank, the Japanese tech giant, which has been sowing a reputation in Silicon Valley... 
Fiat Chrysler Might Stop Making Diesels in Car Lineup

Fiat Chrysler Might Stop Making Diesels in Car Lineup

A recently published report says that by 2022 Fiat Chrysler Automobiles are no longer going to produce diesel powered passenger cars, but could continue making trucks with diesel engines. The plan, which was first reported by the Financial... 
Walmart Sales Strong During Holidays, But Growth Shrinks

Walmart Sales Strong During Holidays, But Growth Shrinks

Walmart Inc., which during the last year has made big strides in its online operations in a battle with e-commerce giant Amazon.com, stumbled during the fourth quarter following a misjudgment with its inventory online for the holiday... 
Black Panther Setting Records at the Box Office

Black Panther Setting Records at the Box Office

Black Panther, the first film from Marvel with an African American director earned nearly $200 million for its debut of three days this weekend across North America, which would make it the fifth largest opening since records have... 
Several Dog Food Brands Recalled Due to Euthanasia Drug

Several Dog Food Brands Recalled Due to Euthanasia Drug

JM Smucker Co. voluntarily withdrew some shipments of 27 pet food products after media reports of pentobarbital contamination was found in some of its dog food brand Gravy Train. Pentobarbital is a tranquilizer used often times as... 
Sam’s Club Announces Free Shipping to Compete with Amazon and Costco

Sam’s Club Announces Free Shipping to Compete with Amazon and Costco

In its attempt to compete better against its arch rival Costco Wholesale and online giant Amazon.com, Sam’s Club announced early Wednesday that it will now offer free shipping on many items to premium members as it restructures its... 
Ford Planning Increased Production of SUVs Due to Demand

Ford Planning Increased Production of SUVs Due to Demand

As the demand for Ford’s redesigned full-size SUVs surges, the automaker announced that it was expanding the production of it Expedition and Lincoln Navigator. The Detroit based automaker is increasing the production of both SUVs... 
Bon-Ton Stores Is Latest Bankruptcy Casualty

Bon-Ton Stores Is Latest Bankruptcy Casualty

Bon-Ton Stores has filed for Chapter 11 bankruptcy protection after recently announcing plans to close nearly 50 of its stores. Bon-Ton asked a federal bankruptcy judge to approve procedures for a potential sale of its assets or external... 
Tesco Facing Record Equal Pay Claim of $5.6 Billion

Tesco Facing Record Equal Pay Claim of $5.6 Billion

Tesco, the Britain-based supermarket group, faces a potential £4 billion equal to $5.6 billion bill to bring wages of female employees into line with those of males, according to a law firm that is pursuing the largest claim in Britain... 
Samsung Heir Jay Y. Lee Freed After Jail Sentence Suspended

Samsung Heir Jay Y. Lee Freed After Jail Sentence Suspended

On Monday an appeals court in South Korea suspended the jail sentence of Jay Y. Le the heir to the Samsung Group fortune. The decision set Lee free following a yearlong detention amidst a corruption scandal, which brought the former... 
Facebook Banning Ads That Promote Cryptocurrencies

Facebook Banning Ads That Promote Cryptocurrencies

On Tuesday, in one of its blog posts, Facebook outlined its new policy that prohibits ads that promote financial services or products that are associated frequently with deceptive or misleading promotional practices. This said the... 
Oil Falls as Output Surges in North America

Oil Falls as Output Surges in North America

On Monday, the price of oil dropped as soaring production in North America was seen as undermining the efforts to tighten the supply that OPEC and Russia are leading. Despite that, traders are saying that the overall market conditions... 
Starbucks Disappoints Following Poor Sales of Holiday Drinks

Starbucks Disappoints Following Poor Sales of Holiday Drinks

On Thursday, coffee house chain Starbucks Corp. warned its global sales growth in 2018 would be at its low end of the forecast it released earlier, after its holiday drinks failed to attract interest with customers in the U.S. during... 
Proctor & Gamble Sales Gain Momentum, Pricing Remains Issue

Proctor & Gamble Sales Gain Momentum, Pricing Remains Issue

On Tuesday, Proctor & Gamble posted quarterly results that beat the street on both top and bottom lines for its 2018 fiscal second quarter, showing a recovery after its organic sales had lost steam during the previous three-month... 
Owner of LA Times Investigating Publisher Following Misconduct Claims

Owner of LA Times Investigating Publisher Following Misconduct Claims

The Los Angeles Times aggressively has been covering the sexual harassment allegations against powerful Hollywood figures. Now, the owner of the newspaper has started its own investigations of its CEO and publisher, Ross Levinsohn,... 
Nestle Selling Candy Business in U.S. for $2.8 Billion

Nestle Selling Candy Business in U.S. for $2.8 Billion

Nestle will sell its confectionery business in the U.S. to Ferrero the Italian chocolate and candy maker for what is estimated to by more than $2.8 billion, said officials from the company on Tuesday. Nestles’ sweets in the U.S.... 
CVS To End Photo Manipulation In Its Marketing

CVS To End Photo Manipulation In Its Marketing

CVS Health said it will no longer allow photo manipulation on imagery for their store brand makeup marketing, social media posts, and promotional displays. The statement from CVS says, “We will not digitally alter or change a... 
Carillion Collapses as Loans Dry Up

Carillion Collapses as Loans Dry Up

The second largest construction company in the UK has collapsed. Many questions have started to arise as to what will happen with its ongoing projects and employees. Carillion collapsed due to the weight of more than £1.5 billion... 
Tesla Gigafactory Starts Production of Solar Roofs

Tesla Gigafactory Starts Production of Solar Roofs

Tesla Inc. kicked off the production of its long-anticipated shingles that produce electricity and CEO Elon Musk claims will be a transformation in the rooftop solar industry. The manufacturing of photovoltaic glass tiles started in... 
Nintendo Sees Success With Nintendo Switch

Nintendo Sees Success With Nintendo Switch

The Nintendo Switch was the hottest gadget of 2017 and the only unambiguously successful new product of the year. Nintendo (NTDOY) has sold at least 10 million units over the past 9 months. The company has now increased its internal... 
John Schnatter Ends Tenure As Papa John’s CEO

John Schnatter Ends Tenure As Papa John’s CEO

Papa John’s (NASDAQ: PZZA) CEO John Schnatter has announced that he will be stepping down from the role as of January 1. No immediate reason was given for his decision. A press release from the company said he would “pursue... 
Amazon To Resume Sales Of Apple TV, Google Chromecast

Amazon To Resume Sales Of Apple TV, Google Chromecast

In a reversal of policies, Amazon.com (NASDAQ:AMZN) has announced that it will soon begin selling the Apple TV set-top box and Google Chromecast on its popular online site again. Both the Apple TV and Chromecast were pulled from Amazon... 
Arby’s Restaurant Group Buying Buffalo Wild Wings

Arby’s Restaurant Group Buying Buffalo Wild Wings

Fast-food chain Arby’s Restaurant Group has secured an agreement to purchase Buffalo Wild Wings (NASDAQ:BWLD) for $2.4 billion in cash. Under the terms of the agreement, Arby’s will pay $157 per share in Buffalo Wild Wings... 
Uber Making Big Investment In Self-driving Car Fleet

Uber Making Big Investment In Self-driving Car Fleet

Uber has announced its intentions to purchase thousands of Volvo XC90 SUVs that will be specifically modified for autonomous driving. The company is estimating that it will purchase around 24,000 vehicles at a cost of more than $1.9... 
Macy’s Misses On Sales Estimates

Macy’s Misses On Sales Estimates

Macy’s Inc. (NYSE:M) posted disappointing sales results in the latest quarter. Total same-store sales fell 3.6 percent in the third quarter, more than the 2.5 percent drop analysts were expecting. Revenue dropped 6.1 percent to $5.28... 
New Email Scam Targets Netflix Subscribers

New Email Scam Targets Netflix Subscribers

Netflix (NASDAQ:NFLX) subscribers are the target of a new email scam making the rounds. More than 10 million subscribers have reportedly been targeted by the scam so far. The new scam was flagged late last week by Mailguard. The new... 
Amazon Launches Business Prime Shipping

Amazon Launches Business Prime Shipping

Amazon Inc. (NASDAQ:AMZN) has announced the launch of a new paid membership program aimed at multi-user businesses in the U.S. and Germany. The program, called Business Prime Shipping, extends Prime’s free, two-day shipping benefits... 
General Electric Misses On Earnings By Wide Margin

General Electric Misses On Earnings By Wide Margin

General Electric (NYSE:GE) missed Wall Street’s expectations on earnings in the quarter that ended Sept. 30. The company said that profits were weighed down by restructuring costs and weak performance at its power and oil and... 
Delta Balks At Bombardier CSeries Jet Tariffs

Delta Balks At Bombardier CSeries Jet Tariffs

Delta Air Lines Inc. (NYSE:DAL) has announced that it has no intentions of paying the new tariffs levied on some jets it is contracted to buy. The U.S. Commerce Department wants to impose a 300 percent tariff on Canadian-built Bombardier... 
Walmart Makes New Acquisition To Shorten Delivery Times

Walmart Makes New Acquisition To Shorten Delivery Times

Walmart (NYSE:WMT) acquired Brooklyn-based logistics startup Parcel last week for an undisclosed amount. The acquisition will help the company offer New Yorkers same-day delivery on purchases. New York City is a market of 8.5 million... 
General Electric Selling Industrial Solutions Business To ABB

General Electric Selling Industrial Solutions Business To ABB

General Electric (NYSE:GE) is selling its industrial solutions business to power grids maker ABB (NYSE:ABB) for $2.6 billion. The Zurich-based engineering company announced the sale on Monday. ABB said it would finance the deal with... 
Equifax Discloses Previous March Hack

Equifax Discloses Previous March Hack

Equifax Inc. (NYSE:EFX) has disclosed that it suffered a major breach of its computer systems in March. This breach occurred almost five months before the most recently disclosed breach that affected roughly 143 million consumers.... 
Nestlé Buying Majority Stake in Blue Bottle

Nestlé Buying Majority Stake in Blue Bottle

Blue Bottle Coffee is selling a majority stake in the company to Swiss food giant Nestlé. Under the terms of the deal, Nestlé will pay up to $500 million for 68 percent of Blue Bottle. Neither side would confirm further details of... 
Fiat Chrysler Automobiles Looking To Spin Off Components Business

Fiat Chrysler Automobiles Looking To Spin Off Components Business

Fiat Chrysler Automobiles has revealed that it will be spinning off its components business. The automaker, however, said that there have been no solid offers yet. This was revealed by Sergio Marchionne, the chief executive officer...