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Wal-Mart Buys Online Retailer ModCloth
Wal-Mart (NYSE:WMT) has purchased online women’s fashion retailer Modcloth for an undisclosed amount, although Wal-Mart did say it was an all-cash acquisition. The deal included both assets and operations. The company announced... More of this article »
McDonald’s Launches Mobile Ordering Beta Test
McDonald’s Corp. (NYSE:MCD) is beta testing mobile ordering at 29 restaurants in Monterey and Salinas, Calif., this week. Next week, the testing will expand to 51 more restaurants in Spokane, Wash. The local pilot tests are designed... More of this article »
New Novartis Breast Cancer Drug Approved By FDA
Swiss drugmaker Novartis AG (NYSE:NVS) has received approval from the U.S. Food and Drug Administration for a new breast cancer drug called Kisqali, known chemically as ribociclib. Novartis developed Kisqali along with Astex Pharmaceuticals,... More of this article »
Google Releases New CAPTCHA Version To Developers
Alphabet’s (NASDAQ:GOOG) Google has released a new version of the CAPTCHA test that will be less intrusive to internet users. The new Invisible reCAPTCHA feature is a free service is designed to protect sites and apps from spam and... More of this article »
American Express Adds More Perks To Platinum Cards
American Express (NYSE:AXP) has announced a number of new perks that will be added to the list for customers holding American Express Platinum cards. All existing benefits will also continue, according to a statement by the company.... More of this article »
Security Breach Costs Yahoo CEO Millions
Yahoo’s (NASDAQ:YHOO) chief executive, Marissa Mayer, has lost her 2016 bonus as a result of the 2014 theft of information from more than 500 million Yahoo accounts. Ms. Mayer said in her statement that she was unaware of the breach... More of this article »
Target To Invest $7B In Upgrades
Target Corp. (NYSE:TGT) has announced plans to invest $7 billion in upgrades to the business over the next three years. Target expects fiscal 2017 and 2018 to be investment years as a result of these initiatives, with the company returning... More of this article »
United Airlines Adding New Routes And Aircraft In Expansion
United Airlines, a unit of United Continental Holdings (NYSE: UAL), has announced a major expansion that includes 4 new cities and 31 new routes. United president Scott Kirby said, “Starting this summer we ‘re offering more... More of this article »
Bitcoin Value Surpasses Previous Peak
The value of Bitcoin is at all-time high, surpassing its previous peak established in November 2013. The digital currency’s value hit $1,206.60 per coin Friday, according to the CoinDesk Bitcoin Price Index. At its prior peak, the... More of this article »
Restaurant Brands International Adding Popeyes To Portfolio
Restaurant Brands International (NYSE:QSR), owner of Burger King and Tim Hortons, has announced that it will be adding Popeyes Louisiana Kitchen (NASDAQ:PLKI) to its portfolio of brands. Restaurant Brands International CEO Daniel Schwartz... More of this article »
Google Takes Steps Against Piracy In The U.K.
Alphabet’s (NASDAQ:GOOG) Google has agreed to demote piracy sites in its search results in the U.K. The company has agreed to a voluntary code of practice with the British Phonographic Industry (BPI) and Motion Picture Association.... More of this article »
Kraft Heinz Bids $143B For Unilever, Is Rebuffed
Kraft Heinz (NASDAQ:KHC) has offered to buy Unilever (NYSE:UL) in a $143 billion deal that would potentially combine some of the world’s best known consumer brands. Unilever said that Kraft Heinz offered to pay $50 a share for the... More of this article »
Kate Spade Seeking Buyer
Kate Spade (NYSE:KATE) is reportedly seeking a buyer for its business. The company confirmed that it is examining “strategic alternatives” for the business. CEO Craig Leavitt stated that the company was “exploring... More of this article »
Time Warner Shareholders Approve AT&T Deal
Time Warner Inc. (NYSE:TWX) shareholders have voted to sell the company to AT&T (NYSE:T) for $85.4-billion. According to a preliminary count of the votes, stockholders representing about 79 percent of the outstanding shares of... More of this article »
Aetna Merger With Humana Canceled
The planned merger between Aetna Inc. (NYSE:AET) and Humana Inc. (NYSE:HUM) has been officially called off. Aetna also terminated its plan to sell some Medicare Advantage assets to Molina Healthcare Inc., which was seen as a way to... More of this article »
Marathon Pharmaceuticals Taking Heat Over Drug Pricing
Marathon Pharmaceuticals has frozen the rollout of muscular dystrophy drug Emflaza, its brand name for deflazacort, after taking significant criticism over its pricing plan for the drug. Emflaza received regulatory approval for U.S.... More of this article »
Honda Partners With Hitachi On Electric Car Venture
Honda Motor Co. (HMC) plans to partner with Hitachi Automotive Systems Ltd., a wholly owned subsidiary of Hitachi Ltd. (HTHIY), in a joint venture to develop, produce and sell motors for electric vehicles. The joint venture, which... More of this article »
Fewer People Signed Up For Affordable Care Act Coverage In 2017
Preliminary enrollment numbers for the Affordable Care Act (ACA) show that fewer people signed up for coverage this year than last year. According to a report released on the figures, 9.2 million people signed up for insurance through... More of this article »
Apple Weighs Legal Options Against President’s Travel Ban
Apple (NASDAQ:AAPL) is reportedly considering joining the legal fight against the Trump administration’s executive order on immigration. The order suspends entry of all refugees to the United States for 120 days. It also blocks citizens... More of this article »
Exxon Mobil Beats Earnings Forecasts
Exxon Mobil (NYSE:XOM) beat forecasts on earnings for the fourth quarter of its fiscal year. Exxon reported a fourth-quarter adjusted profit of 90 cents a share, higher than Wall Street analysts’ estimates of 70 cents a share. In... More of this article »
President Trump Turns Attention To Drug Manufacturing
At a White House meeting surrounded by aides, President Donald Trump talked to eight pharmaceutical company executives about ways to make the American drug manufacturing industry more competitive. The message to the pharmaceutical... More of this article »
Chinese Firm Seeks To Buy MoneyGram
Ant Financial Services Group, the payment affiliate of Chinese e-commerce giant Alibaba Group Holding, wants to buy money-transfer company MoneyGram International (NASDAQ:MGI) and is apparently willing to pay about $880 million for... More of this article »
Aetna Accused Of Falsifying Reasons For Exiting Health Exchanges
U.S. District Judge John Bates issued a 158-page ruling on Monday blocking Aetna’s (NYSE:AET) merger with Humana (NYSE:HUM) due to anti-competitive concerns. The Department of Justice sued to block the merger in July of last... More of this article »
Deal Between Verizon And Yahoo Delayed
Verizon Communications Inc. (NYSE:VZ) has pushed back the expected closing date for its purchase of Yahoo Inc.’s (NASDAQ:YHOO) main business. Verizon cited “work required to meet closing conditions” as the reason for the delayed... More of this article »
EpiPen Rival Coming In February
A competitor to Mylan’s EpiPen is set to return to the market starting in February. The Auvi-Q is an epinephrine auto-injector sold by Virginia-based manufacturer Kaleo. The auto-injection adrenaline system is a lifesaving product... More of this article »
Western Union Reaches Settlement On Fraud Charges
Western Union Co. (NYSE:WU) has reached a settlement with U.S. regulators over charges that the bank failed to stop money laundering and wire fraud. The bank agreed to pay $586 million as part of the settlement. The penalty was imposed... More of this article »
China Moves To Regulate App Stores
The Cyberspace Administration of China says that app stores will now be officially regulated. In a notice posted to its website, the Cyberspace Administration announced mobile app stores will now required to register with its offices.... More of this article »
President-Elect’s Plan For Health Insurance Light On Details
President-elect Donald J. Trump has announced nearing completion on a plan to replace President Obama’s Affordable Care Act. He said that his plan would be unveiled soon after the confirmation of Representative Tom Price, Republican... More of this article »
Wells Fargo Fourth Quarter Income Results Miss Estimates
Wells Fargo & Co. (NYSE:WFC) has released the results for the fourth quarter of its fiscal year. The company reports that net income fell 5.4 percent to $5.27 billion, or 96 cents a share, from $5.58 billion, or $1, a year earlier.... More of this article »
Fiat Chrysler Accused Of Cheating On Emissions Tests
The Environmental Protection Agency has accused Fiat Chrysler (NYSE:FCAU) of cheating on emissions test by using specialized software. The EPA says that the company installed software on certain diesel trucks that allowed them to emit... More of this article »
UnitedHealth Announces Plan To Buy Surgical Care Affiliates
UnitedHealth Group (NYSE:UNH) has announced its intentions to acquire Surgical Care Affiliates (NASDAQ:SCAI), a chain of outpatient surgery centers. UnitedHealth agreed to pay about $2.3 billion for the purchase of Surgical Care Affiliates’... More of this article »
Uber Movement Gives Traffic Data To Cities
Uber has developed a new website called Movement that will give cities access to the company’s traffic flow data. The new Movement website is intended for use by those interested in improving urban mobility. In a blog post written... More of this article »
Mars Inc. Purchasing VCA Inc. For $7.7 Billion
Mars Inc. has agreed to acquire veterinary services company VCA Inc. (NASDAQ:WOOF) for $7.7 billion, or $93 a share, in an all-cash transaction. Including debt, the deal is valued at $9.1 billion. The statement from the companies said... More of this article »
T-Mobile Launches New Initiatives That Benefit Customers
T-Mobile (NYSE:PCS) is continuing on its path to disrupt the wireless industry. The company recently announced a number of new initiatives that are designed to increase transparency and make things easier for their customers. Beginning... More of this article »
Gates Foundation Making Big Investment In HIV Prevention
A tiny implantable drug pump designed to prevent infection by the human immunodeficiency virus (HIV) is getting a big boost from the Bill and Melinda Gates Foundation. The Gates Foundation is investing $140 million to help Intarcia... More of this article »
Fiat Chrysler Partners With Google On Infotainment System
Fiat Chrysler (NYSE:FCAU) has partnered with Alphabet’s Google (NASDAQ:GOOG) to build a new in-car infotainment system. The companies announced the partnership just ahead of the beginning of CES, the annual consumer electronics show... More of this article »
Disease Detecting Breathalyzer Can Diagnose 17 Conditions
Researchers from the Israel Institute of Technology are expressing enthusiasm for what appears to be a breakthrough in disease detection. A way has been discovered to test for 17 different diseases using a single breath from a patient.... More of this article »
Amazon Secures Patent For ‘Airborne Fulfillment Center’
Amazon (NASDAQ:AMZN) has been awarded a patent for a logistics technology described as an “airborne fulfillment center (AFC).” Amazon originally filed for the patent in 2014. It was awarded in April, but wasn’t discovered... More of this article »
Samsung To Sell Voice Controlled Robot Vacuum
Samsung is launching a new robot vacuum that you can control with your voice called the POWERbot VR7000. Details are still pretty scarce at the moment and there’s no word yet on pricing or availability. Samsung has announced... More of this article »
Merck: Ebola Vaccine 100% Protective
A vaccine for Ebola now licensed to Merck & Co., Inc. (NYSE:MRK) is being hailed as a success after being shown to provide 100 percent protection against the lethal disease. The vaccine, known as rVSV-ZEBOV, provides a faster,... More of this article »
Praxair And Linde Announce Merger Intentions
Praxair Inc. (NYSE:PX) and Linde AG (FRA:LIN) have announced their intentions to join forces to create the industrial-gas industry’s biggest player. Praxair and Linde make gases used in all sorts of industrial applications, as well... More of this article »
Twitter To Relaunch Vine As Vine Camera
Twitter (NYSE:TWTR) recently announced that the mobile app Vine will be relaunched as Vine Camera in January 2017. A blog post by the Vine team said, “In January, we are transitioning the Vine app to a pared-down Vine Camera. With... More of this article »
BlackBerry Investing Heavily In Smart Car Technology
BlackBerry (NASDAQ:BBRY) is opening an autonomous driving research center to develop advanced driver assistance and autonomous vehicle technology. Prime Minister Justin Trudeau will attend the launch by the Waterloo, Ontario-based... More of this article »
Mylan Ready To Release Generic EpiPen
Mylan (NASDAQ:MYL) CEO Heather Bresch has announced that the “authorized generic” EpiPen will be available next week. The company is introducing the generic at a price of $300 for a two-pack, half the cost of its brand-name cousin.... More of this article »
Alaska Airlines And Virgin America Begin Process Of Merging
Alaska Air Group (NYSE:ALK) has formally begun the process of merging with San Francisco-based Virgin America after officially closing on the acquisition. The merger has created what is now the fifth largest U.S. airline. The combined... More of this article »
Disney Sued Over Worker Discrimination Allegations
A group of information technology workers have sued Walt Disney Parks and Resorts (NYSE:DIS) over alleged workplace discrimination violations. The 30 laid off IT workers says they were fired and replaced by contractors from India,... More of this article »
Johnson & Johnson Ends Bid For Actelion
Johnson & Johnson (NYSE:JNJ) has ended its bid to buy Swiss drug company Actelion Pharmaceuticals Ltd. The pursuit of a deal was announced by the companies last month. Actelion shares have risen in recent weeks on expectations... More of this article »
Boeing Seals $16.6B Deal With Iran
Boeing Co. (NYSE:BA) has completed the first major agreement between a U.S. company and Iran by clinching a deal to sell 80 jetliners to the Islamic Republic. The Boeing deal, first announced in June, is valued at $16.6 billion. U.S.... More of this article »