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General Motors Cuts Jobs and Closes Plants

General Motors Cuts Jobs and Closes Plants

General Motors has recently announced plans to shut down the assembly plant located in Oshawa, Ontario, Canada.  The automaker claims this closure will help the company to focus on hybrid vehicles and zero emissions vehicles.  Of... 
Elliott Management and Veritas Capital Announce $5.7 Billion Acquisition of Health Care Software Developer Athenahealth

Elliott Management and Veritas Capital Announce $5.7 Billion Acquisition of Health Care Software Developer Athenahealth

Hedge fund managers Elliott Management is teaming up with the private-equity firm Veritas Capital to buy US healthcare software maker Athenahealth, this week.  The all-cash deal is reported to be around $5.7 billion and will value... 
CVS Sees Rise From Beating Third Quarter Revenue and Expectation

CVS Sees Rise From Beating Third Quarter Revenue and Expectation

It seems CVS Health is enjoying a healthy pharmacy retail industry as the company’s latest report indicates higher third-quarter earnings and revenue than they had originally expected.  Early this week, the company also said it... 
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... 
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... 
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... 
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...