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Facebook Dismisses Concerns It’s Becoming A Media Company
Facebook Inc. (NASDAQ:FB) is denying that it will ever become a media company, despite its recent forays into the media industry. CEO Mark Zuckerberg said that the firm would remain a technology platform and had no ambitions to become... More of this article »
Chipotle Using Free Food To Draw In Customers
Chipotle Mexican Grill Inc. (NYSE:CMG) is hoping that the allure of free food will bring customers back into its stores. The chain has given away millions of free burritos so far this year. From February to May, the company gave away... More of this article »
Cheaper Version Of EpiPen Coming From Mylan
After a huge backlash against Mylan (NASDAQ:MYL) over hiking the price of the lifesaving EpiPen, the company has announced that it will soon be releasing a cheaper generic version of the device. The EpiPen provides a rapid injection... More of this article »
Anheuser-Busch InBev To Slash Jobs After Merger
Anheuser-Busch InBev has announced that roughly 3 percent of its combined workforce will be cut after the acquisition of rival SABMiller is completed. That would total about 5,500 jobs, based on both companies’ current workforce... More of this article »
Disney Movies Coming Exclusively To Netflix
Netflix, Inc. (NASDAQ:NFLX) has inked an agreement with Walt Disney Co (NYSE: DIS) to put Disney’s content on the streaming platform next month. The deal gives Netflix exclusive access to stream Disney’s theatrical releases,... More of this article »
Mylan’s EpiPen Price Hike Sparks Widespread Anger
Mylan NV’s (NASDAQ:MYL) 400 percent price hike for the EpiPen has raised the ire of consumers that depend on the product’s life-saving capabilities. The company’s EpiPen is a mainstream drug used to treat life-threatening allergic... More of this article »
Anheuser-Busch Extends Partnership With Craft Brew Alliance
Anheuser-Busch InBev (NYSE:BUD) has renewed its business agreement with Craft Brew Alliance (NASDAQ:BREW) for another ten years. The agreement maintains a distribution agreement and lay out plans for future expansion. The agreement... More of this article »
Pfizer Inks Deal For Medivation Acquisition
Pfizer Inc. (NYSE:PFE) reports that it has reached an agreement to buy biotech company Medivation Inc. for about $14 billion. According to the terms of the deal, Pfizer will pay $81.50 a share for the company, a 21 percent premium... More of this article »
Deere & Co. Surprises Many With 3rd Quarter Profit
Deere & Co. (NYSE:DE) reported a better-than-expected fiscal third-quarter profit, surprising investors and analysts alike. The company reported that net income rose to $1.55 cents a share in the three months through June, up... More of this article »
Staples’ Sales Slide Continues
Slowing sales are continuing to affect Staples’ (NASDAQ:SPLS) bottom line. Staples posted a loss of $766 million, or $1.18 per share, for the second quarter of its fiscal year. In the same period a year ago, the company posted net... More of this article »
Aetna Exiting Most Affordable Care Act Exchanges
Aetna Inc. (NYSE:AET) has announced plans to reduce its presence in the Affordable Care Act exchanges and cancel a planned expansion. On Monday, the company announced that it will withdraw from 11 of the 15 state exchanges where it... More of this article »
Delta Introduces All-Suite Business Class
Delta Air Lines (NYSE:DAL) has introduced the new all-suite Delta One business class for long-haul flights. The suites will not be an additional category on top of Delta One business class, but a replacement for it entirely for some... More of this article »
New Google Operating System Possibly On Horizon
It looks like Google (NASDAQ:GOOG) is creating a completely new operating system. The tech blog Android Police was one of the first to report on the existence of the OS. The project’s name is Fuchsia, but no one knows quite what... More of this article »
JCPenney Beats Second Quarter Estimates
JCPenney (NYSE:JCP) reported better-than-expected earnings for the second quarter of its fiscal year. The department store chain reported a 5 cent per-share loss on an adjusted basis. This translated to a loss of about $56 million... More of this article »
Wendy’s Sales Slow In Second Quarter
The Wendy’s Co. (NASDAQ:WEN) appears to be struggling with slowing sales growth. The company reported on Wednesday that same-store sales rose 0.4 percent in the second quarter. Analysts had expected 1.9 percent growth. Same-store... More of this article »
Amazon Offices In Japan Raided By Authorities
The offices of Amazon.com Inc. (NASDAQ:AMZN) were raided recently by Japanese antitrust regulators on suspicion of antitrust activity. Amazon Japan had allegedly gained an advantage over rival e-commerce sites by forcing retailers... More of this article »
Delta Air Lines Outage Delays Flights Worldwide
Delta Air Lines (NYSE:DAL) reported flights were grounded Monday after a system outage at the company’s Atlanta hub. Delta stopped worldwide departures about 3 a.m. ET, a period that would have typically had 192 departures. Delta... More of this article »
Businesses Can Book Employee, Client Travel Through UberCentral
Uber has unveiled a new dashboard called UberCentral that lets businesses secure multiple Ubers at the same time. The dashboard is designed for both small business owners and those in charge of travel arrangements at larger companies.... More of this article »
Amazon Announces Most Profitable Quarter To Date
Amazon.com Inc. (NASDAQ:AMZN) reported in its third consecutive record profit and its most profitable quarter to date on Thursday. Overall, Amazon posted a profit of 857 million, or $1.78 a share, for the second quarter. This compared... More of this article »
Caterpillar Beats Expectations With Q2 Earnings
Caterpillar Inc. (NYSE:CAT) reported second quarter earnings that were better than expected on Tuesday. Caterpillar reported second-quarter net profit of $550 million, down from a revised $802 million a year earlier. The heavy machinery... More of this article »
AB InBev Raises Bid For SABMiller
Anheuser-Busch InBev (NYSE:BUD) raised its bid for rival brewer SABMiller in an attempt to quash investor dissent. In the light of exchange rate volatility and market movements, the company raised its bid to 45 pounds a share, up from... More of this article »
Sprint Beats Expectations For Second Quarter
For the second quarter, ended June 30, Sprint Corp. (NYSE:S) posted a loss of $302 million, or 8 cents a share. Last year in the same quarter, the company lost $20 million, or a penny a share. Sprint’s revenue slid less than expected... More of this article »
Microsoft Offering New Service For Booking Appointments
Microsoft (NASDAQ:MSFT) is launching a new self-service appointment booking service for its Office 365 Business Premium users. The new service, called Bookings, lets business owners to create their own scheduling page, and then let... More of this article »
Fiat Chrysler Facing Investigations Into Its Sales Reporting
Fiat Chrysler Automobiles NV (NYSE:FCAU) announced in a statement that federal investigators are examining its U.S. sales reporting practices. The automaker said in its statement that it is “cooperating with an (U.S. Securities and... More of this article »
Warner Bros. Video Game Review Scandal Settled With FTC
Warner Bros. (NYSE:TWX) recently agreed to settle charges from the Federal Trade Commission that accused the company of failing to disclose paying prominent YouTubers for positive coverage of one of its video games. The Federal Trade... More of this article »
Tesla Crashes Spark Investigation Into Autopilot
The first fatality occurring in a semi-automated car was reported this summer. At the end of June, Tesla Motors Inc. (NASDAQ:TSLA) revealed in a blog post that the National Highway Traffic Safety Administration had begun an investigation... More of this article »
Amazon Prime Day 2016 Launches At Midnight Tonight
The second annual Amazon Prime Day begins at midnight tonight for the millions of Amazon Prime members around the world. In addition to the U.S., shoppers in Spain, Japan, France, Canada and the U.K. can participate. The company said... More of this article »
More Than 1000 Restaurants Hit In Wendy’s Hack
The Wendy’s Co. (NASDAQ:WEN) revealed Thursday that a recent hack attack was much wider than initially believed. A year-long attack on point-of-sale systems at franchisee-owned Wendy’s is now suspected of affecting 1,025 locations... More of this article »
Kylie Jenner Cosmetics Company ‘F’ Rating Removed By BBB
Kylie Jenner‘s Kylie Cosmetics recently received an ‘F’ rating from the Better Business Bureau due to the large number of customer complaints received by the bureau. Earlier this week, the BBB announced the company had received... More of this article »
Get Ready To Pay More For Your Starbucks…Again
Starbucks Corp. (NASDAQ:SBUX) fans are getting ready to pay more for their coffee drinks. Starbucks has announced on the company website that it will be implementing “a small price increase on select beverages” that will... More of this article »
Layoffs Coming To Murray Energy Corp. This Fall
The St. Clairsville, Ohio-based Murray Energy Corporation is planning for a massive number of layoffs to occur in September. The company says it issued the notices for its operations in Ohio, West Virginia, Illinois, Kentucky, Utah... More of this article »
Nearly 200 LendingClub Employees To Lose Jobs
Online lending company LendingClub (NYSE:LC) has announced that it will lay off 179 employees, or 12 percent of its workforce, as a response to difficult market conditions. The lender reported the layoffs in a securities filing early... More of this article »
Medtronic Announces Deal For HeartWare
Medtronic Plc. (NYSE:MDT) has announced its intentions to buy HeartWare International Inc. (NASDAQ:HTWR) for about $1.1 billion. Medtronic will pay $58 a share in an all-cash transaction, according to a statement made on Monday. Both... More of this article »
Uber Surge Pricing Notifications Going Away
Uber has announced that it is implementing a new upfront pricing policy to mitigate the effects of surge pricing on the business. Uber’s product team has been testing the idea in select cities throughout the U.S. and India since... More of this article »
Customers Unhappy With Costco Visa Card Rollout
Last year, Costco Wholesale Corporation (NASDAQ:COST), the world’s largest wholesale club, announced it would be ending its 16-year relationship with American Express. A dispute over card fees was at the heart of the matter. Costco... More of this article »
Wellness Benefits Disappearing From Workplaces
A survey from the Society for Human Resource Management shows that a number of wellness benefits have been slowly disappearing from the workplace landscape. Now in its 20th year, the SHRM survey polled 3,490 H.R. professionals at companies... More of this article »
Wal-Mart Selling Chinese Online Business To JD.com
Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal,... More of this article »
Samsung Announces Acquisition Of Joyent For Undisclosed Sum
Samsung (SSNLF) has announced that it will purchase Joyent, an 11-year-old company that is a cloud provider and container pioneer. According to a statement from the companies, Joyent will operate as an independent subsidiary within... More of this article »
More Staff Cuts Hit Bank Of America Consumer Banking Division
Bank of America (NYSE:BAC) has announced its intentions to cut thousands of additional employees from its consumer banking workforce. Since 2009, the bank has reduced the number of employees in that division nearly 40 percent, with... More of this article »
Alibaba Moves To Alleviate Investor Concerns
Today marked the first time that Alibaba Group Holding Ltd. (NYSE:BABA) has released an annual revenue forecast. The company projected a 48 percent increase in revenue for the fiscal year ending in March. Excluding recently acquired... More of this article »
Microsoft LinkedIn Deal Worth $26.2B Announced
In a joint statement, Microsoft (NASDAQ:MSFT) and LinkedIn (NYSE:LNKD) announced that the networking site would be acquired by the tech titan in an all cash deal worth $26.2 billion. The terms of the deal value LinkedIn at $196 per... More of this article »
Millions Of Twitter Account Logins Exposed By Hackers
Twitter has confirmed that millions of Twitter account logins have been exposed by hackers on the dark web. More than 32 million Twitter account details have appeared on the website LeakedSource, a search engine that contains nearly... More of this article »
Tesla Under Fire For Suspension Issues
The National Highway Traffic Safety Administration’s is reportedly investigating Tesla (NASDAQ:TSLA) over a potential safety issue in the company’s Model S sedans. The safety regulator is examining the Model S suspension system... More of this article »
Wendy’s Cyber Attack Hit More Restaurants Than Previously Disclosed
The Wendy’s Co. (NASDAQ:WEN) has revealed that recently discovered malicious malware has infected considerably more than the 300 locations previously disclosed as being breached. The malware was initially discovered on the point... More of this article »
Fiat Chrysler Reportedly In Talks To Partner With Uber
Fiat Chrysler Automobiles NV (NYSE:FCAU) is reportedly in talks with Uber Technologies Inc. to form a partnership to build self-driving cars for the ride-hailing startup. Reports have emerged that the talks are at a preliminary stage,... More of this article »
Valeant Shares Slide After Company Forecasts Cut
Valeant Pharmaceuticals International Inc. (NYSE:VRX) shares plummeted Tuesday as new Chief Executive Officer Joseph Papa reduced the company’s 2016 earnings and sales forecasts. The earnings forecast for this year has been reduced... More of this article »
Airbnb Tackles Negative Press With Diversity Push
Airbnb has been in the news a lot in the past few months and little of it has been good news. Last week, the company was in the news when an Airbnb host in North Carolina used racist language to tell a woman who had just booked a room... More of this article »
Wal-Mart Takes On Amazon With Grocery Delivery Service
Wal-Mart Stores Inc. (NYSE:WMT) has decided to directly challenge Amazon (NASDAQ:AMZN) in the grocery arena by adding store to door delivery service in select areas of the country. Before the start of its annual meeting on Friday,... More of this article »