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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... 
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... 
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... 
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... 
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%... 
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... 
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... 
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... 
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... 
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 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... 
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... 
Solar Company Sued Second Time for Alleged Racist Clubhouse

Solar Company Sued Second Time for Alleged Racist Clubhouse

A solar company was sued for the second time for alleged racial harassment at its warehouse in California. A Caucasian male, Jason Flick, who worked at the Natomas warehouse, has joined Teshawn Solomon in making claims of racial harassment... 
Foxconn: Investigating Work Conditions at Factory in China

Foxconn: Investigating Work Conditions at Factory in China

Foxconn the Taiwan-based contract manufacturer announced on Sunday that it was investigating one of its plants in China where devices are made for Amazon.com, after a watchdog group in the U.S. criticized what it called harsh labor... 
Jack Daniels Maker Worried About Trade War Impact

Jack Daniels Maker Worried About Trade War Impact

Jack Daniels maker Brown-Forman says that tariffs are beginning to make it hard for the company to plan for its future. The company posted strong revenue as well as growth for its full fiscal year through April and is expecting to... 
Vermont Willing to Pay $10,000 for People to Move There

Vermont Willing to Pay $10,000 for People to Move There

Vermont is calling remote workers with a deal for them. The state just passed a new law that that pays workers to move there to work remotely. On Wednesday, the new legislation was signed into law by Governor Phil Scott. Eligible workers... 
DOJ Approves Merger of Bayer-Monsanto

DOJ Approves Merger of Bayer-Monsanto

Department of Justice antitrust regulators granted agribusiness behemoths Bayer and Monsanto the right to merge after both companies agreed to a spinoff of $9 billion in assets, which is the largest such liquidation of corporate assets... 
Gas Prices Surge for Memorial Day Weekend

Gas Prices Surge for Memorial Day Weekend

Prices of gas have soared in the U.S. with some areas hit worse than others. The sharpest spikes in price have been in the Midwest. Over the last month, the average price for a gallon of gas in the state of Michigan has increased 32... 
Former Uber Software Engineer Accuses Company of Degrading Conduct

Former Uber Software Engineer Accuses Company of Degrading Conduct

A former software engineer at Uber has filed a lawsuit in a California Superior Court accusing the ride-hailing company of retaliating against her because she reported sexual discrimination and harassment. The complaint was filed by... 
Cisco Posts Earnings That Beat But Stock Drops

Cisco Posts Earnings That Beat But Stock Drops

Cisco shares fell by over 4% in trading afterhours on Wednesday after reporting better than had been expected earnings for the fiscal third quarter that ended April 28. Cisco earnings reached 66 cents a share excluding special items... 
Gap Makes Apology to China for Shirt That Omitted Taiwan

Gap Makes Apology to China for Shirt That Omitted Taiwan

Gap made an apology for one of its shirts featuring a map of China that upset China’s internet users. One user on Weibo posted photos of a Gap t-shirt saying it was in a Canada Gap store and that the map design did not include Taiwan... 
President Trump Urging Automakers to Make Cars in U.S.

President Trump Urging Automakers to Make Cars in U.S.

On Friday, President Donald Trump pressured automakers in the U.S. to build more of their vehicles in the United States and launched another new attack on the North American Free Trade Agreement, which has been beneficial to automakers.... 
Kraft Heinz Sees Profit Boost Thanks to Price and Tax Change

Kraft Heinz Sees Profit Boost Thanks to Price and Tax Change

Kraft Heinz Co. posted quarterly profit that beat Wall Street expectations as the maker of Tater Tots benefits from changes in the U.S. tax law and raised its prices to counter an increase in costs, sending its shares on Wednesday... 
Asda and Sainsbury’s Agree to Merger Deal in UK

Asda and Sainsbury’s Agree to Merger Deal in UK

Food retail in the UK is set to for a huge shake up as Walmart-owned Asda and J Sainsbury are planning to merge, which creates a new behemoth in the supermarket industry. The Asda and J Sainsbury deal is estimated to be worth £15... 
Report: Tencent Music Inching Toward IPO

Report: Tencent Music Inching Toward IPO

Tencent Music is the music distribution division of the social media behemoth Tencent, which is based in China, and could have an initial public offering late in 2018. Over the weekend, a report was published that said Tencent is expected... 
Sky Posts Strong Quarter Prior to Takeover Battle Heating Up

Sky Posts Strong Quarter Prior to Takeover Battle Heating Up

Pay-TV group Sky, which is at the center of a takeover battle pitting Fox, Comcast and Disney against one another, reported a strong fiscal third quarter Thursday, underlining its appeal to rival entertainment groups in the U.S. wanting... 
Ola Wants One Million Electric Vehicles in India

Ola Wants One Million Electric Vehicles in India

The largest ride-hailing business in India has very ambitious plans of putting one million electric vehicles on the polluted streets of the country. Ola, the biggest rival to Uber in India, announced on Monday that its first step would... 
MSC Cruise Ship Smashes into Dock in Honduras

MSC Cruise Ship Smashes into Dock in Honduras

An investigation is being carried out by MSC Cruises as to why one of its large cruise ships deviated from course and tore apart a dock it hit on Tuesday of this week in Honduras. MSC Armonia, which is currently on a weeks-long cruise... 
Ups and Downs Warned About by CEO at Spotify Prior to IPO

Ups and Downs Warned About by CEO at Spotify Prior to IPO

Spotify the leader in streaming music appears to be readying itself for a potential bumpy ride on the stock market on its first trading day Tuesday, following a sell-off on Monday of tech stocks by Wall Street. In a letter released... 
Sources: Nissan and Renault Talking Merger

Sources: Nissan and Renault Talking Merger

Renault SA and Nissan Motor are holding talks to merge and create a new entity that trades one stock, said sources close to the matter. A new deal would end an existing alliance between the two automakers and make them into one, said... 
Nissan Slowing Output Following Drop in Demand in U.S.

Nissan Slowing Output Following Drop in Demand in U.S.

Nissan Motor Co. will slow production at several of its assembly plants in order to maintain the supply of vehicles on the dealers’ lots across the U.S. in check as weaker demand caught the carmaker off guard and bloated its supply. The... 
Billionaires Begin Seeing Openings to Enter German Soccer

Billionaires Begin Seeing Openings to Enter German Soccer

A little known rule that has stopped big money from German soccer is losing its support, while club owners are finding ways to get around it. Over the last few years billionaires have invested large sums of money into international... 
Adidas Releases Lower Forecast for Growth in Sales and Profit

Adidas Releases Lower Forecast for Growth in Sales and Profit

Sportswear maker Adidas has released its forecast for growth in sales and profit for 2018, but the numbers are less than those of 2017, as the Germany-based company posted sales for its fourth quarter that fell short of forecasts by... 
Walmart Expanding Grocery Deliveries to 800 Stores

Walmart Expanding Grocery Deliveries to 800 Stores

Walmart is expanding its online delivery services for groceries to over 800 stores. The expansion will be completed by the end of 2018. Competition continues to increase in the online grocery industry. The expansion opens the retailer... 
Coca-Cola to Launch Alcoholic Drink

Coca-Cola to Launch Alcoholic Drink

Coca-Cola, the soft drink maker, has plans to make an alcoholic drinking marking the first-ever time in its 125 years of being in business that it would produce a drink that contains alcohol. The alcopop-type product will be released... 
Foot Locker Hurt by Year End Losses

Foot Locker Hurt by Year End Losses

Foot Locker shares sank on Friday in trading after the retailer of athletic footwear and apparel posted mixed results and announced that sales would continue to drag starting 2018, which in turned spooked analysts and investors. Sales... 
AT&T Implementing 5G Service in a Dozen U.S. Cities in 2018

AT&T Implementing 5G Service in a Dozen U.S. Cities in 2018

The first deployment of the 5G mobile service for AT&T will come to areas of Atlanta, Dallas and Waco, Texas before the end of this year, with nine additional cities in the U.S. to be announced over the upcoming months. AT&T... 
Amazon Giving Back 5% on Purchases at Whole Foods by Prime Members

Amazon Giving Back 5% on Purchases at Whole Foods by Prime Members

With e-commerce giant Amazon expanding into the grocery business, its loyalty programs full of perks is following close behind. Members of Amazon Prime who uses the company’s Prime Rewards Visa card will now receive 5% back when... 
Software May Have Given Daimler Help in Passing Emissions Test

Software May Have Given Daimler Help in Passing Emissions Test

Investigators in the U.S. probing Daimler the maker of Mercedes Benz have found its cars were outfitted with software that might have helped them pass strict emissions tests for diesel engines, reported a German newspaper on Sunday.... 
Department of Insurance in California Opens Investigation of Aetna

Department of Insurance in California Opens Investigation of Aetna

California’s Department of Insurance has opened an investigation of insurance giant Aetna after a doctor, who was once employed by the company, admitted under oath that he never looked at the records of patients prior to deciding...