Sam’s Club Opening Cash Register Free Stores

Posted by David Ancetti on Oct 30th, 2018

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

Posted by David Ancetti on Oct 27th, 2018

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...

Barclays Earnings Top Expectations

Posted by David Ancetti on Oct 24th, 2018

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

Posted by David Ancetti on Oct 22nd, 2018

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,...

Odds Makers Keep Rams at Top of Super Bowl Futures Board

Posted by David Ancetti on Oct 19th, 2018

It is hard to believe for most sports bettors that six weeks of the NFL regular season have already been played. That is also that case for many when it comes to what team is at the top of the futures board to win the Super Bowl. While...

Revenue at IBM Falls Short, Software and Server Sales Slow

Posted by David Ancetti on Oct 17th, 2018

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

Posted by David Ancetti on Oct 15th, 2018

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

Posted by David Ancetti on Oct 13th, 2018

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

Posted by David Ancetti on Oct 12th, 2018

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...

Alabama’s Tua Tagovailoa Leads Race for 2018 Heisman Trophy

Posted by David Ancetti on Oct 10th, 2018

College football’s Heisman Trophy race appears to be between two quarterbacks. Alabama Crimson Tide signal caller Tua Tagovailoa is the -150 favorite and continues to have an incredibly productive season even though he has not played...

Oil Exports in Iran Drop More Thanks to Trump Sanctions

Posted by David Ancetti on Oct 8th, 2018

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...

Sharks Trade for Erik Karlsson Shortens Stanley Cup Odds

Posted by David Ancetti on Oct 5th, 2018

Major League Baseball entered its postseason this week and both the NFL and college football seasons continue with their respective regular seasons, while the National Hockey League opened its regular season on Wednesday. Odds makers...

FDA Raids Juul Offices Seizing Documents from E-Cigarette Maker

Posted by David Ancetti on Oct 3rd, 2018

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...

First-Ever Human Rat Disease Case

Posted by David Ancetti on Oct 1st, 2018

For just the first time, a case involving rat hepatitis E was discovered in a human. The case was discovered in man in Hong Kong who is 56. The man was diagnosed with rat hepatitis E said researchers at Hong Kong University. Prior...

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

Posted by David Ancetti on Sep 27th, 2018

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...

Bills Upset of Vikings Biggest in Last 23 Seasons

Posted by David Ancetti on Sep 25th, 2018

The Buffalo Bills defeated the Minnesota Vikings 27-6 in Week 3 of the NFL regular season and in doing so pulled off the biggest upset in the NFL in 23 years Buffalo was winless entering Week 3 of the NFL regular season and closed...

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

Posted by David Ancetti on Sep 21st, 2018

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

Posted by David Ancetti on Sep 19th, 2018

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

Posted by David Ancetti on Sep 15th, 2018

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

Posted by David Ancetti on Sep 13th, 2018

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

Posted by David Ancetti on Sep 11th, 2018

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...

Mexican Officials Locate Massive Grave

Posted by David Ancetti on Sep 8th, 2018

Authorities in Mexico said they have found a huge grave that contains the remains of 166 or more people. The grave was located in the state of Veracruz and is the latest mass grave in an area marred by thousands of disappearances,...

NFL Regular Season Begins with Eagles Hosting Falcons

Posted by David Ancetti on Sep 6th, 2018

Are your ready for some football? That’s right, the NFL begins its 2018 regular season when the defending champion Philadelphia Eagles host the Atlanta Falcons on Thursday Night Football. Last season, the Eagles defeated the Falcons...

Starbucks Has New Partner in New Zealand While Struggles There Continue

Posted by David Ancetti on Sep 4th, 2018

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...

Walmart Increasing In-Store Toys by 30% for Holidays

Posted by David Ancetti on Aug 31st, 2018

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

Posted by David Ancetti on Aug 29th, 2018

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...

Former Head of CDC Tom Frieden Arrested for Forcibly Touching Woman

Posted by David Ancetti on Aug 25th, 2018

Dr. Thomas Frieden, the former Center for Disease Control director was arrested and charged on Friday with forcible touching, said a statement released by the New York Police Department. Authorities, according to an official in law...

Target Shares Soar on Earnings Beat and Growth in Traffic

Posted by David Ancetti on Aug 23rd, 2018

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

Posted by David Ancetti on Aug 21st, 2018

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...

College Football Playoff: Who Will Play in Football’s Final Four

Posted by David Ancetti on Aug 17th, 2018

In less than a week, the 2018 college football regular season kicks off and sportsbooks have released odds on whether team will reach the College Football Playoff in January of 2019. To no one’s surprise the defending national champion...

Sears CEO Offers to Buy Kenmore for $400 Million

Posted by David Ancetti on Aug 15th, 2018

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...

Mother and Daughter Returned to U.S. After Deportation Halted

Posted by David Ancetti on Aug 10th, 2018

In Washington on Thursday, a federal judge threatened to hold U.S. Attorney General Jeff Session in contempt after the judge halted the deporting of a mother and her daughter who had been sent back to El Salvador in the middle of appealing...

Rite Aid and Albertsons End Merger Plans

Posted by David Ancetti on Aug 9th, 2018

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

Posted by David Ancetti on Aug 7th, 2018

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...

New York Giants Saquon Barkley Leads in Rookie of the Year Polls

Posted by David Ancetti on Aug 2nd, 2018

The start of the 2018 NFL regular season is just over a month away and rookies are preparing to play in their first NFL preseason games this week. During the first round of the NFL draft, five quarterbacks were picked including the...

Harley-Davidson Rolling Out Smaller Bikes in Push Internationally

Posted by David Ancetti on Jul 31st, 2018

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

Posted by David Ancetti on Jul 28th, 2018

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

Posted by David Ancetti on Jul 26th, 2018

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...

New England Patriots Shopping Malcolm Mitchell

Posted by David Ancetti on Jul 24th, 2018

The New England Patriots have decided to seek a trade of their wide receiver Malcolm Mitchell. The third-year wide out is trying to return to play after missing all of the 2017 season due to a knee injury. Mitchell, who throughout...

FDA Says Almond and Soy Milk Are Not Milk

Posted by David Ancetti on Jul 21st, 2018

Almond and soy drinks that call themselves milk might be required to consider different language after the U.S. Food and Drug Administration suggested it might begin cracking down on the use of that term. The FDA signaled its plans...

Dallas Cowboys Named Forbes Most Valuable Sports Team

Posted by David Ancetti on Jul 19th, 2018

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

Posted by David Ancetti on Jul 17th, 2018

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,...

DeMarcus Lawrence Will Likely Be Wearing Franchise Tag All Season

Posted by David Ancetti on Jul 16th, 2018

It is unlikely that Dallas Cowboys defensive end DeMarcus Lawrence and the team will reach a deal by the deadline of July 16 at 4 p.m. ET of signing franchised players, said reports from a pair of unnamed NFL sources. If the Cowboys...

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

Posted by David Ancetti on Jul 11th, 2018

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...

Starbucks Announces Plastic Straws Will Become a Thing of the Past

Posted by David Ancetti on Jul 9th, 2018

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

Posted by David Ancetti on Jul 6th, 2018

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

Posted by David Ancetti on Jul 5th, 2018

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

Posted by David Ancetti on Jul 3rd, 2018

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...

Mexico Elects Leftist Manuel Lopez Obrador as Next President

Posted by David Ancetti on Jul 2nd, 2018

Manuel Lopez Obrador declared victory in Sunday’s presidential election in Mexico, as preliminary results indicated the leftist politician, who campaigned as an agent of change, won by a landslide. It was estimated that Obrador took...

Video Assistant Referee Impacting World Cup

Posted by David Ancetti on Jun 30th, 2018

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...

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