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Hewlett-Packard Enterprise Sells Software Unit
Hewlett-Packard’s Enterprise’s software unit has officially been sold in an $8.8 billion deal. Micro Focus is the other party to the transaction. The new combined company will continue under the name Micro Focus. The transaction... More of this article »
Intel To Receive $3.1B For McAfee Deal
Intel (NASDAQ:INTC) is selling off a majority stake in its McAfee unit. Intel is receiving $3.1 billion in cash as part of the deal. Once the deal is complete, investment firm TPG will own a 51 percent stake in the new McAfee company.... More of this article »
Campbell Soup Misses Estimates For Fourth Quarter
Campbell Soup Co. (NYSE:CPB) reported a smaller-than-expected quarterly adjusted profit for its fiscal fourth quarter. The net loss attributable to Campbell Soup was $81 million in the quarter. The company earned $17 million a year... 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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Tesla Model 3 Pre-Orders Nearing 300,000, Stock Falls After The Market Close (TSLA)
Tesla Motors (NASDAQ:TSLA) continues it roll with the upside no where in sight, or is there? Shares of Tesla stock jumped Friday, gaining $7.82, or 3.4 percent, to close at $237.59, after the company introduced the long awaited “more... More of this article »
GDP Revised and Increases, Corporate Profits Down
Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, the Commerce Department said on Friday in its third GDP estimate. GDP growth was initially estimated to have risen at... More of this article »
Starbucks Teams up with Feeding America With Aim to Donate All of its Unused Food Within the Next Year
Let’s cut to the chase: Starbucks has just announced a plan to donate all of its leftover food to the hungry. On Tuesday, the company said it has set a goal to contribute all of its leftover food to the social advocacy program... More of this article »
Groups Move to Address Minimum Wage Increase In New York State
With less than a week and a half until its final agreement due date, advocacy groups in Albany have improved efforts to increase the Empire State’s minimum wage to $15 an hour as part of the budget. Of course, many nonprofit... More of this article »
Huntington Ingalls CEO Mike Petters To Donate Whole of Annual Salary to Education Fund
During a time when many are outwardly expressing concern over corporate irresponsibility, at least one CEO is making an effort to change the conversation; by changing his perspective. The president and Ceo of the shipbuilding company... More of this article »
Americans More Confident In Retirement Than Three Years Ago
According to the 2016 Retirement Confidence Survey, roughly one in five American workers feel “very confident” about having enough money to live comfortably in their retirement. Of course, this equates to roughly 20 percent of... More of this article »
Nike Continues to Stop Chinese Footwear Company from Selling Counterfeit Shoes
Athletic apparel company Nike has recently filed a lawsuit against a Chinese footwear manufacturer, alleging that that company has infringed upon several of its patents. In Nike’s lawsuit, which has been filed in the US District... More of this article »
Prescription Drug Spending Up, and There May be No End in Sight
There is no doubt that patients who suffer from chronic diseases—like cancer—should have a better outlook these days, as new treatments continue to make their way to market. With the advent of biopharmaceuticals, in particular,... More of this article »
Should Iran Be Held Equally Responsible for Oil Glut?
Movement in the oil market is usually a good predictor of economic across the globe, so when some of the biggest oil producers on the planet get together and agree to freeze their output—at January levels—in order to reign in what... More of this article »
Second Consecutive Day of Decline Marks Concern for Future of Community Health Systems
Shares of Community Health Systems Inc fell dramatically today, posting a sharp 24 percent decline in premarket trading. On Monday, America’s No 2 for-profit hospital posted its first surprising loss and today followed suit. ... More of this article »
Your Netflix Account Could be For Sale on the Black Market
Most people probably would never consider Netflix a luxury items. After all, it only costs less than $8 per month. But, apparently, there are some people in the world who are able to get access to streaming movies and hit television... More of this article »
Time Acquires Myspace Owner, Viant
The days of Myspace have come and gone but even if it seems like nobody is using it, the site is apparently large enough to be of interest to the likes of Time Inc, who just acquired the firm that owns the aged social network, Viant.... More of this article »
Barrington Cuts Regal Entertainment Group’s Price Target
In a note, Thursday morning, Barrington Research dropped the target price for Regal Entertainment Group (NYSE: RGC) from $24.00 to $21.00. Currently, the firm has rated the stock to outperform. Of course, Regal Entertainment Group... More of this article »
Retail Numbers Higher than Expected
Reports show numbers across the retail industry are on the rise, increasing more than expected last month despite several obstacles, including falling gas prices, the major snowstorm in the Northeast, and slow job growth. According... More of this article »
Investors Clamor As Victoria’s Secret CEO Suddenly Announcement Resignation
In a shocking surprise, this morning, Victoria’s Secret CEO Sharen Jester Turney suddenly announced her resignation after 16 years with the world’s most well known lingerie clothing line. She took over for CEO in 2006 after... More of this article »
Visa Discloses All of Its Stake in Mobile Payment Startup Square
Shares of Square Inc rallied on Friday after an announcement from Visa Inc which revealed how much the company has invested in the Jack Dorsey-owned mobile payments startup. In early morning trades, Friday, shares reached a high of... More of this article »