Archive for Lisa Kingston

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 […]

Amazon Ordered Pay Back Taxes To Luxembourg

Amazon (NASDAQ:AMZN) has been ordered to pay back taxes to Luxembourg to the tune of 250 million euros ($295 million). According to the EU commission, Luxembourg gave illegal tax benefits to Amazon and as a result, almost three quarters of Amazon’s profits were not taxed. Amazon recorded only $2.4 billion profit on global revenues of […]

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.” […]

Data On 143 Million Americans Exposed In Equifax Hack

A major cybersecurity breach at credit reporting agency Equifax (NYSE:EFX) has exposed the sensitive personal data of up to 143 million Americans. The compromised information included Social Security numbers, birth dates driver’s licenses, and home addresses. The credit card numbers for 209,000 consumers and credit dispute documents for 182,000 others were also exposed in the […]

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 […]

United Technologies Announces Intention To Acquire Rockwell Collins

United Technologies Corp. has announced its intentions to buy aviation communications and electronics supplier Rockwell Collins Inc. for $23 billion in cash and stock. The acquisition, including debt, is valued at $30 billion. The acquisition would be the largest in aerospace history. UTC Chief Executive Gregory Hayes said, “The combination of Collins with our Aerospace […]

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 […]

Walgreens Beats 2Q Estimates With Cost Cutting (WBA.O)

Walgreens Boots Alliance Inc. reported a better-than-expected quarterly profit for the second quarter of fiscal year 2016. Net income fell to $930 million, or 85 cents per share, in the quarter, from $2.04 billion, or $1.93 per share, a year earlier. However, the year-ago quarter included a non-cash gain of $814 million. Adjusted earnings per […]