Home » Author Archive

IBM Pays $34 Billion to Acquire Red Hat

IBM Pays $34 Billion to Acquire Red Hat

Red Hat, one of the main suppliers of software and technology, has been acquired by IBM. The two companies made public that the deal was closed for $34 billion Sunday.  IBM has agreed to purchase all shares from Red Hat at the amount... 
General Motors Wants Nationwide Electric-Vehicles Sales Program

General Motors Wants Nationwide Electric-Vehicles Sales Program

Two of the largest automakers have pushed back on the White House administration’s proposed pullback of fuel-economy standards in the United States. In filings that were due Friday, General Motors Co. was preparing to propose that... 
Uber Dealmaker Chief Resigns Following Sexual Misconduct Reports

Uber Dealmaker Chief Resigns Following Sexual Misconduct Reports

The CEO of Uber Dara Khosrowshahi has worked to clean the corporate culture of the ride-hailing company. A top executive recently resigned from Uber amidst allegations that included sexual harassment. Cameron Poetzscher, who was the... 
Shares of Proctor & Gamble Surge 8.8% on Sales Increase

Shares of Proctor & Gamble Surge 8.8% on Sales Increase

Share of consumer goods maker Proctor & Gamble surged higher on Friday following the company’s announcement of higher than had been expected growth in revenue and said its sales gains for the quarter were the strongest in five... 
Crimea Attack Kills At Least 19

Crimea Attack Kills At Least 19

At least 19 people were killed while dozens more were being treated for wounds following a shooting in the Russia-annexed Crimea at a technical college. Twelve have been listed in critical condition and three are said to be currently... 
Scientists: Climate Change Could Double Cost of Beer

Scientists: Climate Change Could Double Cost of Beer

It appears as if beer can now join wine, coffee and chocolate as some of the little pleasure’s in life that global warming will make costlier and scarcer, said scientists. Increasing waves of extreme heat added to drought will hurt... 
Facebook: Hackers Accessed Information from 29 Million Users

Facebook: Hackers Accessed Information from 29 Million Users

Facebook said on Friday that hackers had accessed the personal data of more than 29 million of its users from a breach at the leading social network worldwide that it disclosed late in September. The company originally said that as... 
Operator of Limo Company Charged with Homicide in Death of 20

Operator of Limo Company Charged with Homicide in Death of 20

The limousine company operator that owned the vehicle in which 20 people were killed in a horrific crash last Saturday in upstate New York has been charged with criminally negligent homicide, said court officials on Wednesday. Authorities... 
Marriott Workers Go On Strike Across Several U.S. Cities

Marriott Workers Go On Strike Across Several U.S. Cities

Thousands of workers at Marriott Hotel in eight cities in the U.S. have gone on strike demanding higher wages following months of negotiations that have failed. Workers in Maui and Oahu joined colleagues on Monday in Boston, Detroit,... 
Ford Cuts Salaried Workers, Tightens Operations

Ford Cuts Salaried Workers, Tightens Operations

Ford Motor Co. confirmed on Friday its plans of reorganizing its salaried workers worldwide, flatten business operations and make the company more efficient that would result in less overall jobs for white-collar workers. The largest... 
Amazon CEO Jeff Bezos Is Richest Person on Forbes 400

Amazon CEO Jeff Bezos Is Richest Person on Forbes 400

Amazon CEO and founder Jeff Bezos’ riches make him the world’s wealthiest person, ending a 24-year run by Bill Gates the co-founder of Microsoft atop the annual ranking released by Forbes of the 400 richest people in the world. Bezos... 
Primera Air Halts Operations Stranding Travelers Across Europe

Primera Air Halts Operations Stranding Travelers Across Europe

Budget air carrier Primera Air, which earlier in 2018 expanded into the U.S. and announced recently more flights for the summer of 2019, will go out of business. The budget carrier based in Europe said via a statement posted on its... 
Authorities Charge 17 in Apple Store Robbery Scheme of $1 Million

Authorities Charge 17 in Apple Store Robbery Scheme of $1 Million

Arrest warrants were issued for 17 people from an alleged robbery gang that uses snatch-and-grab tactics and targeted Apple stores across Northern California, said law enforcement authorities on Thursday. State Attorney General Xavier... 
Apple Accused by Qualcomm of Stealing Chip Secrets

Apple Accused by Qualcomm of Stealing Chip Secrets

Explosive charges by Qualcomm against Apple were unveiled as the chipmaker accused the iPhone maker of stealing wide swathes of confidential data and trade secrets in order to improve the performance of chips that rival Intel was providing... 
Studies Show iPhones Using Chips from Both Intel and Toshiba

Studies Show iPhones Using Chips from Both Intel and Toshiba

Apple Inc.’s new generation iPhones reached store shelves across the globe on Friday, featuring components manufactured by Toshiba and Intel amongst others, according to a pair of top companies that broke open the new Apple models. Supplying... 
Crimson Tide Remains Atop College Football Polls

Crimson Tide Remains Atop College Football Polls

Already football pundits are wondering if any team will come close to beating the Alabama Crimson Tide. Each week it is not about whether the Tide will win their game it is all about by how points they will win. Odds makers continue... 
Retail Sales in U.S. Slow, But Analysts See Underlying Strength

Retail Sales in U.S. Slow, But Analysts See Underlying Strength

Retail Sales in the U.S. posted their smallest increase in the last six months during August as consumers did not spend as much on purchases of clothing or motor vehicles. However, an upward revision for July data helped to keep expectations... 
Russians Accused of Poisoning Former Spy Allow Interview

Russians Accused of Poisoning Former Spy Allow Interview

RT the state-funded Russian television station is airing an interview Thursday of two Russians that have the same name as the men accused by British authorities of attempting to assassinate a former Russian spy as well as his daughter,... 
President’s Tweet Says Focus Can be U.S. Built, Ford Says No

President’s Tweet Says Focus Can be U.S. Built, Ford Says No

Ford is not going to move its production of its Focus hatchback to the U.S. from China, even though President Donald Trump claimed on Sunday that the taxes he imposed on imports from China mean the Focus Active is now able to be built... 
Odds Makers Like J.J. Watt to Win NFL Defensive Player of the Year

Odds Makers Like J.J. Watt to Win NFL Defensive Player of the Year

The NFL regular season has arrived. The Philadelphia Eagles opened the season on Thursday beating the Atlanta Falcons 18-12 and a full slate of games follow on Sunday with the week ending with Monday Night Football. Offensive skills... 
Areas of Sandoz U.S. Being Sold by Novartis to Aurobindo in India

Areas of Sandoz U.S. Being Sold by Novartis to Aurobindo in India

Novartis AG on Thursday announced that it was selling its generic U.S. oral solids and dermatology portfolios from Sandoz U.S. to Aurobindo Pharma based in India for the price of $900 million, as the drug maker, based in Switzerland,... 
Lego Sports Car and Dinosaurs Drive Recovery for Toymaker

Lego Sports Car and Dinosaurs Drive Recovery for Toymaker

Sales of Lego Bugatti sports cars and dinosaurs have helped stabilized revenue at the Danish toymaker during the first six months of 2018 following a drop in revenue for the first time in over 10 years during 2017. The company, which... 
Coca-Cola Buying Coffee Giant Costa Coffee

Coca-Cola Buying Coffee Giant Costa Coffee

Coca-Cola is adding coffee to its lineup. The soft-drinks and water giant agreed to acquire Costa Coffee the coffee chain from Whitbread the hotel and drinks group for a price of £3.9 billion equal to $5.1 billion. Costa has close... 
Alabama Tops List of Favorites to Win CFP National Championship

Alabama Tops List of Favorites to Win CFP National Championship

College football kicks off a full slate of games beginning Thursday August 30 through the weekend, as the 2018 college football regular season has arrived. Odds makers have released an updated futures listing for the winner of the... 
Casino Company Stock Plunges 50% After Chairman Disappears

Casino Company Stock Plunges 50% After Chairman Disappears

Stock in an Asian casino operator crashed after the chairman of the company disappeared. Landing International Development is the owner of one of the largest casinos in South Korea. Shares of Landing have plummeted by close to 50%... 
Eight Bodies Discovered in Popular Cancun, Mexico

Eight Bodies Discovered in Popular Cancun, Mexico

A level two travel advisory was issued by the State Department for Mexico on Wednesday after Mexican authorities found eight bodies in Cancun, the popular beach resort that attracts millions of tourists annually. An unknown number... 
Foreign Automakers Against NAFTA Plan by Trump

Foreign Automakers Against NAFTA Plan by Trump

Foreign automakers that have plants in the U.S. do not support President Trump’s administration rules to increase the amount of local content in vehicles that are made in North America, a group that represents the companies that... 
Report: Bill Quarterback AJ McCarron Goes Down with Fractured Collarbone

Report: Bill Quarterback AJ McCarron Goes Down with Fractured Collarbone

On Friday, Buffalo Bill quarterback AJ McCarron fractured his right collarbone during the team’s preseason game versus the Cleveland Browns, said reports from several sports news services. McCarron was the starter in the game and... 
Nordstrom Stock Surges 10% Following Earnings Beat

Nordstrom Stock Surges 10% Following Earnings Beat

On Thursday, Nordstrom posted sales and earnings for its second quarter that beat Wall Street expectations and the high-end department store chain raised its full year outlook, citing the momentum it has gained from it online business... 
GSK HIV Segment Receives Boost with Long-Acting Injection

GSK HIV Segment Receives Boost with Long-Acting Injection

A GlaxoSmithKline developed long-acting injection that is given once per month proved to be as effective as standard pills taken daily for controlling AIDS, which lifted the prospects for the drug maker’s key business related to... 
Buffalo Wild Wings May Add Sports Betting

Buffalo Wild Wings May Add Sports Betting

Buffalo Wild Wings has wings, beer and sports in its restaurants, and might be getting into the sports bookmaking market. The popular chain of sports bars that has locations in all 50 U.S. states as well as internationally, said it... 
Los Angeles Lakers Expected to Reach Postseason

Los Angeles Lakers Expected to Reach Postseason

The last 13 consecutive seasons LeBron James has played in the postseason, including eight straight appearances in the NBA Finals. Odds makers believe he will return for a 14th straight playoff appearance this season, which is the... 
Federal Appeals Court: Trump Order to Sanctuary Cities is Unconstitutional

Federal Appeals Court: Trump Order to Sanctuary Cities is Unconstitutional

On Wednesday, a federal appeals court ruled that President Donald Trump had exceeded his authority with his threats of withholding funds from the country’s sanctuary cities that do not cooperate with federal immigration authorities. In... 
Jets Sign Sam Darnold, QB Starts Practicing

Jets Sign Sam Darnold, QB Starts Practicing

It took the New York Jets longer than they expected or wanted, but they finally have signed their future quarterback Sam Darnold after he signed his rookie deal on Monday. Darnold tweeted a video after signing calling the moment very... 
Prisoners in Idaho Hacked Tablets to Give Themselves Credit

Prisoners in Idaho Hacked Tablets to Give Themselves Credit

Hundreds of inmates in Idaho exploited the vulnerability in the personal tablets they were using to give themselves credits worth thousands of dollars to download games and music as well as use email services, said officials on Friday. The... 
Ford Cuts Profit Forecast for 2018, Sales in China Down

Ford Cuts Profit Forecast for 2018, Sales in China Down

Ford Motor Co said on Wednesday that it lowered its earnings forecast for the full year due to dropping sales as well as trade tariffs in China and the continuance of struggles across Europe. The automaker said that ongoing plans for... 
Nike Increases Wages for 7,000 Workers

Nike Increases Wages for 7,000 Workers

Nike announced that it will raise the wages of 7,000 of its employees equal to about 10% of its overall global workforce. The sports apparel and footwear maker announced the increase in salaries on Monday through an internal company... 
Agios Pharmaceuticals Drug for Leukemia Receives U.S. Approval

Agios Pharmaceuticals Drug for Leukemia Receives U.S. Approval

On Friday, Agios Pharmaceuticals announced that the United State Food and Drug Administration had granted approval for its treatment for a specific form of leukemia, the first treatment that is targeted for patients that have a specific... 
Shares of Skechers Plunge After Miss on Earnings

Shares of Skechers Plunge After Miss on Earnings

Skechers USA posted its latest earnings for the just ended quarter after the closing bell on Thursday. The footwear and apparel maker posted earnings that were lower than had been expected helping send its shares plunging in afterhours... 
Red Sox with Best Overall Record, But Third in World Series Odds

Red Sox with Best Overall Record, But Third in World Series Odds

Through the first half of the 2018 Major League Baseball season, the Boston Red Sox have played exceptionally well and reached the All-Star Break with the best record in baseball at 68-30. Boston over the last week opened a 4 ½ game... 
Amazon Will Have Plenty of Competition on Prime Day

Amazon Will Have Plenty of Competition on Prime Day

Amazon Prime Day is a day where you can find the best deals online so customers do not need to wait for the official holiday shopping season to begin as they have a summer shopping day to enjoy. The competition that Amazon faces is... 
Oprah Winfrey Investing in the Restaurant Business

Oprah Winfrey Investing in the Restaurant Business

Oprah Winfrey has announced that she is interested in the restaurant business and has made an equity investment with True Food Kitchen located in Phoenix. Her new venture involves a restaurant that is a health conscious eatery and... 
Trump Harshly Criticizes Pfizer and Other Pharmaceuticals

Trump Harshly Criticizes Pfizer and Other Pharmaceuticals

On Monday, President Trump stated that Pfizer and many other pharmaceutical companies should respond to the government and feel embarrassed for raising drug prices. Pfizer has increased its prices on almost 100 drugs. Some of Trump´s... 
Report Exposes Kids’ Products Promoting White Supremacy on Amazon

Report Exposes Kids’ Products Promoting White Supremacy on Amazon

Consumers that want to buy products that show symbols for white supremacy, including necklaces with swastikas and infant wear that has a burning cross could visit Amazon.com for an array of choices. In what appears to be a violation... 
Trump Sharply Criticizes OPEC Through Tweets

Trump Sharply Criticizes OPEC Through Tweets

U.S. President Donald Trump aimed harsh criticism at members of OPEC the oil cartel Wednesday saying the group was doing very little to help with high prices of gas in the United States. In several tweets Trump said that if anything... 
American Referee Accused of Bias Towards England by Colombia’s Falcao

American Referee Accused of Bias Towards England by Colombia’s Falcao

Radamel Falcao the Colombian striker accused World Cup referee Mark Geiger, who is American, of bias in the round of 16 match the South Americans lost to England on Tuesday. Falcao told reporters following the match that “Geiger... 
Trump Cites Security Concerns for Moving to Block China Mobile

Trump Cites Security Concerns for Moving to Block China Mobile

The government of the U.S. moved to block telecommunications company China Mobile from offering its services to the telecommunications market in the U.S. recommending the application it submitted by rejected due to the firm posing... 
Lakers NBA Title Odds Slashed After LeBron James Signs with Team

Lakers NBA Title Odds Slashed After LeBron James Signs with Team

The Los Angeles Lakers have become one of the favorites to win the NBA Finals next season, according to online sportsbooks. After the news broke on Sunday evening that James had agreed to a deal with the Lakers, top sportsbooks made... 
Kohl’s Hiring in June for the Holiday Shopping Season

Kohl’s Hiring in June for the Holiday Shopping Season

On Wednesday, Kohl’s announced that it opened up the application process for its seasonal positions at over 300 of its more than 1,100 stores across the U.S. However, it is not looking for only workers for its holiday shopping season,... 
CEO at Assembler of iPhones Opposed to Overtime Caps in China

CEO at Assembler of iPhones Opposed to Overtime Caps in China

The billionaire CEO at Foxconn Technology group, the main assembler of Apple’s iPhones, argues that the unreasonable overtime hour restrictions in China hurt his employees and the competitiveness of the company. Terry Gou, the CEO...