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U.S. Astronauts Going Back To Moon Under Trump Directive

President Donald Trump has signed a directive to begin the process to return Americans to the moon. The directive, titled “Space Policy Directive 1”, creates a foundation for a future mission to the moon. The directive also establishes a foundation for an eventual mission to Mars and beyond. The directive would have NASA put people […]

Ford Announces Plan To Build Electric Cars in Mexico

Ford Motor Company (NYSE:F) has stated its plans to assemble new battery-powered cars in Mexico. Sherif Marakby, Ford’s vice president for autonomous vehicles and electrification, said that producing the electric cars in Mexico will allow Ford to improve the “fitness” of that business and take advantage of lower labor costs. In 2020, the company will […]

Trump Administration Decision On Jerusalem Roils Middle East

President Donald Trump has roiled the Middle East with the announcement that the United States would formally recognize Jerusalem as Israel’s capital. Mr. Trump argued that acknowledging Jerusalem as the seat of Israel’s government was “the right thing to do” and “a long overdue step to advance the peace process.” The move drew a storm […]

CVS Makes $69 Billion Bid For Aetna

CVS Health (NYSE:CVS) has announced it has reached a deal to purchase Aetna (NYSE:AET) for about $69 billion. Under the terms of the deal, CVS will pay about $207 a share for the insurer. Roughly $145 a share of that would be in cash, with the remainder in newly issued CVS stock. Aetna stockholders will […]

Volvo’s New Subscription Service Includes Insurance

Volvo is launching a new Care By Volvo program that is basically a subscription service for SUVs. The Swedish automaker announced details of the program at Wednesday’s Los Angeles Auto Show. Care By Volvo will be rolling out nationally. Pricing for Care By Volvo’s subscription plan starts at $600 a month (exclusive of tax and […]

Time Inc. Sold To Meredith Corp.

The Meredith Corporation (NYSE:MDP) has purchased Time Inc. (NYSE:TIME) for nearly $3 billion in an all-cash transaction. Under the terms of the deal, Meredith will pay $18.50 a share for the publisher. The boards of both companies have already finalized the deal. The deal is expected to close in the first quarter of 2018. In […]

Black Friday Strikes Hit Amazon In Germany, Italy

Some of Amazon’s (NASDAQ:AMZN) workers in Europe chose one of the biggest shopping days of the year to protest the company’s practices. Black Friday is a US tradition that has been embraced by Europeans in recent years. Retailers like Amazon offer large discounts on clothing, electronics and toys during the shopping holiday. Amazon employees were […]

Trump Expresses Disdain For AT&T-Time Warner Deal

AT&T Inc.’s (NYSE:T) merger with Time Warner Inc. is under fire after negative comments from the White House. President Donald Trump said the merger between the companies would be “not good for the country.” Trump made the comment as he departed the White House for his Mar-a-Lago resort in Palm Beach, Florida. Earlier this week, […]

Children’s Smartwatches Now Banned In Germany

Germany has taken action to protect children by banning the sale of smartwatches aimed at them. Telecoms regulator the Federal Network Agency implemented the ban to prevent companies from obtaining data on German children. The German regulator said the devices violated Germany’s strict surveillance laws. A large number of providers in Germany currently sell smartwatches […]

FCC Relaxes Rules On Media Company Mergers

The Federal Communications Commission has voted to eliminate some regulations regarding the mergers of media companies. FCC Chairman Ajit Pai said that the rules were harmful to traditional media outlets in today’s media world. The regulations were eliminated in a 3-to-2 vote. The rules that federal regulators rolled back are decades old. They were first […]

Wal-Mart Adding Lord & Taylor Products To Lineup

Wal-Mart Stores Inc. (NYSE:WMT) has announced plans to add products from Lord & Taylor to its website. The companies are currently working through terms of a partnership that would make Lord & Taylor the “exclusive premium department-store partner” of Wal-Mart. Rumors of a proposed deal emerged last October. Lord & Taylor products will be available […]

Toxic New Delhi Air Prompts United Airlines Flight Cancellations

United Airlines (NYSE:UAL) has canceled flights to New Delhi until further notice citing the toxic smog surrounding the city. Travel to New Delhi is suspended through at least Tuesday (Nov. 14), according to an advisory posted on United’s website. The company’s statement said, “United has temporarily suspended our Newark-Delhi flights due to poor air quality […]

Uber Expanding Its Flying Taxi Plans

Jeff Holden, head of projects for Uber, has announced that the company intends to add to its growing list of pilot cities for flying taxis. By 2020, the company hopes to launch the service in Dubai, Dallas-Fort Worth, and now Los Angeles. The updated plans were revealed during a speech at the Web Summit, held […]

Starbucks Opening New Bakeries In Reserve Roastery Locations

The newest menu items at Starbucks’ (NASDAQ:SBUX) Seattle Reserve Roastery location is freshly baked bread and focaccia sandwiches. Starbucks opened a high-end Italian Princi Bakery inside the location on Tuesday. The new offerings from the bakery include more than 100 menu items made from ingredients imported from Italy. Rocco Princi, founder of the bakery, opened […]

Square Announces New $999 Point-of-sale Device

Square Inc. (NYSE:SQ) has announced a new addition to its hardware lineup: a new point-of-sale device called the Square Register. The Register is meant for larger sellers using Square or considering using it. Square’s Head of Software Jesse Dorogusker said that the ultimate goal is for the Register to replace “the giant beige and gray […]

Twitter To Increase Transparency For Ads On Its Platform

Twitter (NYSE:TWTR) has announced it is changing its advertising policies to provide more information about the ads running on its site. An advertising transparency center created by the company will reveal details about all ads running on the platform. Twitter said it would disclose who had paid for the advertisement and allow users to find […]

Sears Ends Partnership With Whirlpool

Sears Holdings Corp. (NASDAQ:SHLD) has announced that it will no longer be selling Whirlpool appliances. Sears told employees in a memo sent to stores last week. Sears is also pulling Whirlpool-made KitchenAid, Maytag and Jenn-Air products from its floor. The end of the Sears-Whirlpool partnership is effective immediately. The move comes after a pricing dispute […]

Anthem Moves To Create Own Pharmacy Benefit Manager

Anthem Inc. (NYSE:ANTM) has announced a partnership with CVS Health Corp. to launch a new pharmacy benefit management company called IngenioRx. According to a statement regarding the new initiative, the partnership involves a five-year agreement to “combine its member and provider engagement initiatives and market leading pricing.” IngenioRx will handle “sales, marketing, account management, and […]

Hundreds Of Tesla Workers Let Go

Palo Alto, Calif.-based Tesla (NASDAQ:TSLA) has reportedly fired hundreds of employees after what the company described as “an annual performance review” of its more than 33,000 employees. The firings reportedly included engineers, managers, salespeople and factory employees. According to reports, an estimated 400 to 700 people were dismissed this week, representing between 1 percent and […]

Google Launches New Tech Training Programs

Google announced a new $1 billion investment in nonprofit organizations to boost tech training programs over the next five years. The investment is being made under the “Grow With Google” initiative. According to company executives, the goal is to allow anyone with an internet connection to become proficient with technology. Google CEO Sundar Pichai believes […]

Coach Inc. Becomes Tapestry Inc. October 31

Iconic luxury handbag maker Coach Inc. (NYSE:COH) will be changing its corporate name to Tapestry Inc, at the end of October. When the name change goes into effect, the company will start trading under the ticker symbol “TPR” on the New York Stock Exchange. Its new website, tapestry.com, is already live. Tapestry will be the […]

Trump Reveals Harsh Conditions For DACA Deal

President Trump is demanding a long list of line immigration measures that in exchange for any deal to protect the young undocumented immigrants known as Dreamers. The Dreamers are comprised of roughly 800,000 young immigrants brought here illegally as children. The demands represented terms that hard-line conservatives have been pursuing for decades. Administration officials say […]

Get Ready For Flu Season With An Annual Flu Shot

Some health experts are predicting a bad flu season ahead. Cases of the flu are already being diagnosed across the country. Last year’s flu season peaked in December and then again in February. This year’s flu season appears to be starting even earlier. One of the best ways to avoid contracting the flu is to […]

Analysts Anticipate The Advisory Board Company (ABCO) to Announce $0.48 Earnings Per Share

Equities research analysts forecast that The Advisory Board Company (NASDAQ:ABCO) will report earnings per share (EPS) of $0.48 for the current fiscal quarter, Zacks reports. Nine analysts have provided estimates for The Advisory Board’s earnings. The lowest EPS estimate is $0.42 and the highest is $0.54. The Advisory Board posted earnings per share of $0.28 […]

Tesla’s Model 3 Production Misses Target

Tesla (NASDAQ:TSLA) has reported missing its production goal for the new Model 3 by a wide margin. The company only produced 260 Model 3 cars from late July through September 30. The company had set a goal of producing 1,500 units during the period. The Palo Alto, California-based company delivered just 220 Model 3 sedans […]

Ford Partners With Lyft On Self-Driving Service

Ford Motor Company (NYSE:F) has entered a partnership with Lyft to eventually use self-driving cars as a paid transportation service. Ford announced the partnership in a blog post. Sherif Marakby, Ford’s vice president for autonomous vehicles and electrification, said in the post that the service would be “capable of quickly dispatching a self-driving vehicle so […]

Ryanair Announces More Flight Cancellations

Ryanair (NASDAQ:RYAAY) has canceled flights for hundreds of thousands more customers due to a shortage of pilots. The company said it will cancel 18,000 flights scheduled between November and March. Ryanair previously said that it would cancel 40 to 50 flights a day up until the end of October. It also said it would temporarily […]

Uber May Lose London Operating License

Uber may not be allowed to operate in London in the future after its license renewal request was denied on Friday. The company’s license to operate in the British capital expires on Sept. 30. The company has called for talks with London’s transport regulator Transport for London to find a solution to the matter. Uber […]

Verizon Ending Service For Thousands Of Rural Customers

Verizon Communications (NYSE:VZ) is terminating the plans of 8,500 rural customers in 13 states over data usage. The customers are spread across Alaska, Idaho, Iowa, Indiana, Kentucky, Maine, Michigan, Missouri, Montana, North Carolina, Oklahoma, Utah, and Wisconsin. A Verizon spokesman said that seven of the states have less than 500 customers, while four states have […]

Equifax Under Fire For Linking To Fake Site

Equifax Inc. (NYSE:EFX) is under fire after it was found to be linking to a fake website as part of its efforts to inform consumers about a cyberattack the company disclosed in early September. As many as eight public tweets has sent potential victims to the same false address since September 9th. The tweets were […]

Northrop Grumman Announces Bid For Orbital ATK

U.S. defense contractor Northrop Grumman (NYSE:NOC) has announced plans to buy missile and rocket maker Orbital ATK (NYSE:OA) for about $7.8 billion in cash. Northrop will also assume $1.4 billion in Orbital’s net debt. Orbital ATK shareholders will receive $134.50 per share, a 22 percent premium to the company’s Friday closing price of $110.04. Orbital […]

Senator Warren Launches Bill Aimed At Equifax

U.S. Senator Elizabeth Warren, along with 11 other Democratic senators, has introduced a bill to allow consumers to freeze their credit for free after a massive data breach at Equifax. The proposed bill would stop companies like Equifax from charging consumers to freeze their credit files. However, with a Republican-controlled Congress, it will be a […]

Olive Garden Pasta Pass Is Back With New Twist

Darden Restaurant’s (NYSE:DRI) Olive Garden is once again selling its unlimited Pasta Passes. The Pasta Pass lets pasta lovers indulge in Never Ending Pasta Bowls for eight weeks for $100. Pasta Pass holders will have from Sept. 25 through Nov. 19 to eat unlimited pasta, soup, salad and breadsticks. The Pasta Pass will be sold […]

Target Enters Price War With Amazon and Walmart

Earlier this year, Target (NYSE:TGT) announced to investors that it planned to lower prices to better compete with Walmart and Amazon. That plan is now in effect. In its blog post, Target said it has “lowered our prices on thousands of items, from cereal and paper towels to baby formula, razors, bath tissue and more.” […]

Nissan Shows Off New 2018 Leaf

Nissan just revealed its new Leaf model at extravagant ceremonies held in Tokyo and Las Vegas. The car goes on sale in early 2018. Nissan showed off red, white, and blue models during the events. The global unveiling was live streamed from Japan on a huge screen. The original Leaf was groundbreaking as a mass-market […]

Time Inc Increases Investment In Video As Print Declines

Magazines publisher Time Inc is increasingly shifting towards video content in a bid to bolster revenues as a result of a decline in print advertising. Some of the magazines that Time Inc publishes include Sports Illustrated, People, Time and Fortune. The digital video executive director of Time Inc, David Flumenbaum, revealed that a new cooking-competition […]

Lyft Now Available Across 40 States

Lyft has expanded its ride-hailing service into 160 more cities, including hard-to-reach rural areas, bringing its total to about 350 served. The company now has statewide coverage in 40 states. The company said it will even offer rides in the most rural expanses of Alaska and the far reaches of Michigan’s Upper Peninsula. Lyft now […]

Best Buy Beats Estimates For Earnings And Sales

Best Buy Co. Inc. (NYSE:BBY) reported better-than-expected quarterly earnings and sales for the second quarter of its fiscal year. Best Buy earned $209 million in the quarter ended July 29, up 6 percent from $198 million in the same quarter of last year. On an adjusted basis, the company earned 69 cents per share in […]

New Drug Found For Fight Against Cardiovascular Disease

A drug that fights inflammation called canakinumab has been found in a study to reduce the risk of heart attacks and strokes in people who have already had one. Canakinumab is already marketed under the brand name Ilaris and has been approved to treat a type of juvenile rheumatoid arthritis and other rare disorders. The […]

Sears Trimming Its Store List Even Further

U.S. retailer Sears Holdings Corp. (NASDAQ:SHLD) is embarking on another round of store closures. The company announced it would close another 28 Kmart stores later this year. This is in addition to the 150 Sears and Kmart stores it already announced it was closing by the end of its third quarter. All of the stores […]

No U.S. County Will Be Without An ACA Insurer In 2018

It is official that Affordable Care Act plans will be sold in every part of the U.S. next year. About 20 Ohio counties could have been left without ACA coverage in 2018, according to the state, causing about 11,000 people to lose their coverage. The state’s insurance regulators have now found insurers to cover every […]

Mountaintop Mining Health Risk Review Halted By Interior Department

A scientific study into the public health risks of mountaintop-removal coal mining has been halted by the Interior Department. Officials in West Virginia asked the Obama administration to look into the health effects of mountaintop mining last year. Mountaintop mining has occurred on at least 500 Appalachian mountains. Mountaintop mining is a technique used to […]

Retailers of Footwear Run Over By Price Wars

Stock for sporting goods retailers plunged on Friday as quarterly results that were poor posted by Foot Locker and Hibbett increased concerns by investors about a glut in supply that could intensify price wars across the industry. The most recent results followed those of Dick’s Sporting Goods a larger rival, which warned earlier in the […]

President Trump Rips Into Amazon Over Taxes

U.S. President Donald Trump ripped into Amazon via social media on Wednesday, saying the giant in e-commerce was hurting retailers and causing job losses in the U.S. Shares of Amazon were down 1% in trading before the opening bell following Trump’s blasting tweet. Amazon stock was down 0.5% at the close of business Wednesday. A […]

Target Buying Facilitator of Quick Deliveries

Target Corp. is increasingly more aware shoppers want their purchases online to be delivered promptly. To maintain as quick a delivery time as possibly, Target is acquiring a transportation technology company based in San Francisco that facilitates same-day deliveries. The retailer announced on Monday it agreed to purchase Grand Junction a tech startup whose software […]

Facebook Attempts to Enter China Unnoticed

In an attempt to explore the ultra-high potential of the online market in China, Facebook authorized the release this week of a new app that does not use its name. The app is Colorful Balloons and is for photo-sharing. It shares the look, function as well as feel of the Moments app from Facebook, showed […]

ESPN New Streaming Service Will Fill a Void, But More is Needed

It has been known ESPN was in the midst of developing its own streaming service since last year, when Disney, its parent company, acquired a share of 33% in BAMtech, a company specializing in streaming video that was created in 2015 by Major League Baseball. Disney on Tuesday announced it will exercised the option it […]

Netflix Acquires Millarworld for its TV and Film Content

Netflix Inc. announced Monday that he acquired Millarworld the comics publisher that brings aboard a renowned comic book writer in Mark Millar and a host of different character franchises that it can use for its television shows and movies. This is Netflix’s first acquisition in the 20 years it has been the pioneer for streaming […]

Ex-Official with Volkswagen Admits to Role in Emissions Scandal

A former compliance executive at Germany-based Volkswagen AG pleaded guilty this week to criminal charges that stem from the role he played in the automaker’s emissions cheating scandal. Germany citizen Oliver Schmidt, who for a number of years headed the engineering and environment offices for Volkswagen in Michigan, filed a guilty plea in a federal […]

Fitbit Beats on Revenue, Smartwatch Ready for Holiday Season

Fitbit the maker of wearable devices posted a drop in revenue for the quarter that was less than expected, and said everything was on track for the launch of its much-anticipated smartwatch for the upcoming holiday season. Fitbit, which sells wristbands in an array of colors that monitor heartrate, tracks steps count, calories and sleep […]