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By 2022 Ford Plans Investment of $11 Billion and 40 Electric Vehicles

By 2022 Ford Plans Investment of $11 Billion and 40 Electric Vehicles

Ford Motor Co. announced that it would significantly increase its investments in electric vehicles by 2022 to over $11 billion and would have 40 hybrid and fully EVs in its lineup. This announcement was made on Sunday by Ford’s chairman... 
China Shuts Down Marriot Website Over Taiwan and Tibet Error

China Shuts Down Marriot Website Over Taiwan and Tibet Error

China shuttered the websites in Chinese of Marriot International for one week, after the company listed Taiwan, Tibet and other territories as separate countries. Apologies were made by the hotel group for its error and said it did... 
Microsoft: Security Patches Slowing PCs and Servers Down

Microsoft: Security Patches Slowing PCs and Servers Down

On Tuesday, Microsoft Corp. announced that its software patches it released to guard against the security threats in microchips slowed down servers and personal computers, with systems that run on older Intel Corp. processors having... 
Coal Sees Far More Mining Deals that Battery Metals

Coal Sees Far More Mining Deals that Battery Metals

Coal and iron dominated 2017 mining takeovers, show data released earlier this week, with buyers favoring the polluting energy maker they are familiar with over uncertainties of a future that is battery powered. While the largest of... 
China Messaging Giant WeChat Denies It Stores User Chats

China Messaging Giant WeChat Denies It Stores User Chats

Tencent Holdings, whose messaging app WeChat has over 1 billion users across the globe, denies that it stores any of the chat histories of his users, after Li Shufu an automotive industry tycoon from China reportedly claimed the company... 
Fiat Chrysler Announces Recall of Ram Pickups

Fiat Chrysler Announces Recall of Ram Pickups

The gear shifters in over 1.8 million Ram pickup trucks may accidently shift out of park and cause a rollaway, which has triggered Fiat Chrysler to announce a recall. The automaker announced on Friday that it was recalling the vehicles,... 
Pay Increases or Bonuses Promised When Tax Bill Passed

Pay Increases or Bonuses Promised When Tax Bill Passed

A few U.S. companies have already promised to pay a one-time bonus to employees or increase hourly wages if the new tax bill passed in Congress is signed by President Donald Trump. AT&T led the way by saying it is planning to use... 
Huge Profit to be Turned by Jerry Richardson in Selling Carolina Panthers

Huge Profit to be Turned by Jerry Richardson in Selling Carolina Panthers

Carolina Panthers owner Jerry Richardson will walk away with a huge profit when he sells the NFL franchise. On Sunday, he announced his plans to sell his principle share of the team after it was announced he was being investigated... 
Sanderson Farms: NFL Player Protests Hurting Sales

Sanderson Farms: NFL Player Protests Hurting Sales

First a pizza maker complained and now the NFL is hearing about poor sales from another favorite during football games – chicken wings. A drop in prices of chicken wings has Sanderson Farms, Inc. one of the biggest producers of poultry... 
Online TV Service to be Launched by T-Mobile in 2018

Online TV Service to be Launched by T-Mobile in 2018

Helped by its acquisition of Layer3 TV a television startup, T-Mobile plans to expand its momentum in wireless to providing TV service. The wireless carrier, which has seen steady growth in customer base for the past four years, announced... 
Unibail-Rodamco Acquires Westfield in $16 Billion Deal

Unibail-Rodamco Acquires Westfield in $16 Billion Deal

Unibail-Rodamco SE, the largest commercial landlord in Europe, has agreed to acquire Westfield Corp based in Australia for A$21 billion, equal to $15.8 billion, in the largest property acquisition in the last four years as dropping... 
Largest Ever Starbucks Opening in Shanghai

Largest Ever Starbucks Opening in Shanghai

Starbucks Corps views China as passing the United States as its biggest market within the next ten years as it believes the growing number of affluent consumers in the country will offset sluggish growth across the rest of the globe. Ratcheting... 
Waffle House Patron Cooked His Meal While Staff Slept

Waffle House Patron Cooked His Meal While Staff Slept

An inebriated and very hungry man knew what he had to do after stopping at a Waffle House in South Carolina in the early morning hours of Thursday. When the man arrived after spending the previous night drinking, he found the staff... 
State of California Sues Ashford University for Ripping Students Off

State of California Sues Ashford University for Ripping Students Off

As the White House administration backs away from the efforts of the Obama administration to crack down on for-profit universities, California has taken a step into that regulatory void. This week Xavier Becerra the California Attorney... 
Major Advertisers Suspend Campaigns on YouTube

Major Advertisers Suspend Campaigns on YouTube

Several large companies have suspended their ad campaigns on YouTube since last Friday after learning their advertisements had been displayed on videos that appear to sexualize children. By distancing themselves with YouTube, the companies... 
Macy’s Sales on Black Friday Hurt by Problem with Processing Credit Cards

Macy’s Sales on Black Friday Hurt by Problem with Processing Credit Cards

A massive slowdown in credit card and gift card processing was experienced by Macy’s on Black Friday, creating a setback that might hurt sales significantly and could cause the chain of department stores to lose large sums of money... 
Controversy Growing Again Over Annual Holiday Cups at Starbucks

Controversy Growing Again Over Annual Holiday Cups at Starbucks

Every year, without fail Starbucks is hit with significant amounts of criticism related to its holiday cups. The coffee chain that spans the globe regularly receives this backlash because of its ever-changing cups and the lack of traditional... 
Foot Lock Traction Slips During Latest Quarter

Foot Lock Traction Slips During Latest Quarter

Foot Locker continues its struggle getting back to its feet. Same-store sales or sales at stores open a minimum of one year ended the most recent quarter sluggish, and the chain of sneaker stores saw overall net income drop. However,... 
Former Tesla Employee Sues Carmaker for Racist Behavior

Former Tesla Employee Sues Carmaker for Racist Behavior

A former employee with Tesla has filed a harassment complaint against Tesla, calling the electric carmaker’s production floor nothing more than a “hotbed for racist behavior.” The worker sued the company, claiming he had been... 
Source: Toymaker Hasbro Approaches Mattel with Takeover Offer

Source: Toymaker Hasbro Approaches Mattel with Takeover Offer

Hasbro Inc. has approached rival Mattel Inc. with a takeover offer, said a source close to the situation on Friday, the most recent attempt to bring together the two largest toymakers in the U.S. If a deal were reached, it would create... 
New Feature on TripAdvisor Flags Concerns for Sexual Assault

New Feature on TripAdvisor Flags Concerns for Sexual Assault

TripAdvisor has made it easier for its users to see if safety concerns have been stated about hotels they research. The online travel site added another new warning message for companies where sexual assault or other safety incidents... 
Sky Drops as Talks Between Disney and Fox Hurt Possible Deal

Sky Drops as Talks Between Disney and Fox Hurt Possible Deal

A report that talks were held by Rupert Murdoch about selling television and film assets to Walt Disney added one more layer of uncertainty to his bid of $14.5 billion to acquire all of Sky in Britain. Recently Disney discussed acquiring... 
Papa John’s Might End its Sponsorship of the NFL

Papa John’s Might End its Sponsorship of the NFL

Papa John’s, the pizza chain, said it was reevaluation its sponsorship of the NFL after the controversy involving protests by players during the playing of the national anthem engulfed the pizza maker. COO and President of Papa John’s... 
Facebook Profit Surges, Russian Scandal Does Not Make Impact

Facebook Profit Surges, Russian Scandal Does Not Make Impact

Facebook Inc. came under heavy criticism on Capitol Hill Wednesday over a failure to prevent operatives from Russia from using its social media platform for meddling in the election, but its earnings report issued just a few hours... 
Apple Seeing Growth in iPhones in China, But for How Long

Apple Seeing Growth in iPhones in China, But for How Long

When Apple posts its quarterly earnings late this week, it might have a bright spot that will surprise many – China. Estimates made by Canalys expect the smartphone shipments from Apple to China to increase to over 11 million units... 
Media Rule Rollback by FCC Could Mean Buying Spree for TV Stations

Media Rule Rollback by FCC Could Mean Buying Spree for TV Stations

The Federal Communications Commission that is led by Republicans is moving quickly to undo the roadblocks to more consolidation amongst media companies, which potentially could unleash a number of deals amongst newspaper, television... 
Twitter Showing Signs of Renewed Life as Sales and User Growth Increase

Twitter Showing Signs of Renewed Life as Sales and User Growth Increase

Twitter Inc. posted sales that beat estimates and added more new monthly users indicating the social network could be in a revival mode after struggling for so long trying to attract new users and advertisers. Shares of the social... 
Caterpillar Posts Sales That Beat Expectations

Caterpillar Posts Sales That Beat Expectations

Caterpillar Inc. continues to increase expectations for its sales and earnings and the maker of machinery keeps surpassing them. The company, based in Deerfield, Illinois, projected sales for 2017 of $44 billion, marking the third... 
Hurricanes Created Problems for Quarterly Earnings

Hurricanes Created Problems for Quarterly Earnings

After causing death and destruction over the southern part of the U.S. and on the Caribbean island of Puerto Rico, hurricanes Harvey, Irma and Maria are dampening corporate quarterly profits in the U.S. While the powerful storms during... 
Nestle Sales Growth Remains Lukewarm, Restructuring Increases

Nestle Sales Growth Remains Lukewarm, Restructuring Increases

Nestle, the food giant based in Switzerland is expecting its growth in organic sales to remain somewhat muted during the final quarter of 2017 and is increasing its speed in its restructuring plan as it looks to improve its profit... 
Airbus Takes Over Jet from Bombardier That Boeing Wanted Killed

Airbus Takes Over Jet from Bombardier That Boeing Wanted Killed

On Monday, Airbus announced that it would take control of the embattled C-Series aircraft program from rival Bombardier, building a strong transatlantic alliance in a bitter feud with Boeing. Bombardier’s C Series has come under... 
Lufthansa Signing Deal for Air Berlin

Lufthansa Signing Deal for Air Berlin

Lufthansa will sign an agreement Thursday to buy a large part of smaller, insolvent German air carrier rival Air Berlin, said Lufthansa CEO Carsten Spohr. The CEO said that a milestone in Lufthansa’s history will be seen in Berlin... 
Trump’s Businesses Taking it on the Chin in Scotland

Trump’s Businesses Taking it on the Chin in Scotland

President Donald Trump’s businesses located in Scotland are losing large sums of money. Trump has a pair of golf resorts there, with one at Turnberry and one close to Aberdeen. The combined losses for the two almost doubled in 2016... 
Costco Begins Same-Day Delivery Service for Groceries

Costco Begins Same-Day Delivery Service for Groceries

Costco Wholesale Corp, the huge warehouse chain that is known for its large store format, stations with food samples, and inexpensive pizza and hot dogs, has started a same-day delivery service for groceries using Instacart in hopes... 
Uzbekistan Airways Select GE Engines For Its New Dreamliners

Uzbekistan Airways Select GE Engines For Its New Dreamliners

General Electric has bagged a contract worth $230 million to supply jet engines to an airline that has ordered 787 Dreamliners from Boeing. The airline, Uzbekistan Airways, has picked GEnx-1B engines for the four Boeing 787-8 aircraft... 
ABB To Acquire GE’s Industrial Solutions Unit

ABB To Acquire GE’s Industrial Solutions Unit

Swiss engineering firm ABB has announced that it is acquiring the industrial solutions business unit of General Electric at a price of $2.6 billion. Under the deal ABB will continue to use GE’s brand. ABB is betting that it can increase... 
Nestle Acquires Sweet Earth to Expand Plant-Based Offerings In Trendy Market

Nestle Acquires Sweet Earth to Expand Plant-Based Offerings In Trendy Market

Even if you are not into the trend or have no interest in changing your diet, you cannot deny how quickly the plant-based food sector has grown over the past few years.  As a matter of fact, this trend has been touted as the fastest... 
Russia And Exxon Mobil To Settle Tax Dispute Out-Of-Court

Russia And Exxon Mobil To Settle Tax Dispute Out-Of-Court

Reports indicate that Exxon Mobil and the government of Russia have reached an agreement to settle a Sakhalin-1 legal dispute out of court. The dispute involves a tax claim totalling over $600 million on the Sakhalin gas and oil project. “An... 
John Chambers To Retire As Chairman Of Cisco

John Chambers To Retire As Chairman Of Cisco

Cisco has announced that John Chambers, who has been the executive chairman of the networking gear firm for over two decades, will not be standing for re-election later in the year. The company’s chief executive officer, Chuck Robbins,... 
AT&T Introduces New AT&T NetBond Feature

AT&T Introduces New AT&T NetBond Feature

AT&T is leveraging its cloud networking solution known as AT&T NetBond with a view to smoothening connections among multiple cloud platforms in order to provide improved cloud services. The solution is expected to allow business... 
100,000 Workers To Be Hired This Year By Target During The Holidays

100,000 Workers To Be Hired This Year By Target During The Holidays

Target has announced that during this year’s holiday shopping season it will hire seasonal workers numbering around 100,000. This is an increase of 40% compared to the number of seasonal workers the retailer hired in 2016. Last year...