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FCC Rescinds Obama-era Net Neutrality Rules

The Federal Communications Commission has voted to dismantle the rules that require internet providers to give consumers equal access to all content online. New regulations were passed by the Republican-controlled agency by a 3-2 vote. The replacement rules are slated to go into effect as soon as next month. The original rules were put into […]

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 […]

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 […]

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 […]

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 […]

Intel Reports Better Than Expected Results For Third Quarter

Intel Corp. (NASDAQ:INTC) beat analyst expectations for its third quarter earnings when it released results earlier this week. In its financial third quarter, Intel made $16.1 billion in revenue on earnings of 94 cents per share. The results were higher than Wall Street estimates of $15.73 billion in revenue on earnings of 80 cents per […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

Honda First Quarter Results Strong, Eyes Higher Profit for Year

Honda Motor Co. moved up its forecast for profit for the full year citing favorable exchange rates for currency, after posting a rise in its quarterly earnings thanks to a weaker yen and strong demand across Asia. The third largest automaker in Japan continues struggling in North America its largest overall market, that represents one […]

Wells Fargo Facing Difficult Questions As New Abuses Discovered

New revelations were made that Wells Fargo & Co. spent many years enrolling borrowers in expensive auto insurance without the customer’s knowledge or consent. The new discovered sales abuses have put Wells Fargo back under heavy pressure to answer for a scandal over its sales practices that was harmful to millions of people in the […]

Twitter Stock Plunges As Investors Disappointed Over User Growth

Twitter Inc. shares began the trading day on Thursday 10% lower after the social media microblogging platform disappointed its investors with flat monthly user growth during the just ended second quarter. Despite its ongoing appeal amongst public figures and celebrities, Twitter has been struggling to keep its user growth even as it added to available […]

McDonald’s Initiatives in U.S. Help Global Sales Top Expectations

McDonald’s Corp posted its largest rise in sales at same-restaurants worldwide in the past five years, driven by more traffic and successes in its U.S. initiatives that included promotions on beverages and the launching of its signature crafted sandwiches. Now two years into its turnaround under CEO Steve Easterbrook, the burger chain giant is attempting […]

Sears Selling Kenmore Appliances Through Amazon

Sears at one time was the store that sold everything, but that was then and now Amazon is the everything store. With its huge inventory of toys, tools and firearms, it toppled local retailers. With its catalog-type model and its delivery systems that was nationwide, Sears at one time promised to bring everything to people’s […]

Chipotle Shares Plunge Following Norovirus Report

Analysts have become split over whether investors should avoid or buy Chipotle after shares of the burrito maker plunged following news that customers became sick after eating in one of its restaurants. The burrito-chain’s stock has struggled to recover from outbreaks of food-borne illnesses during 2015. In premarket trading early Wednesday, share prices for the […]

Trian Wants Peltz on P&G Board, Starts Public Proxy Fight

Trian Fund Management announced on Monday that it was seeking to have a seat on the board of directors at Proctor & Gamble for its CEO, as it is looking to push P&G to take more dramatic steps trying to revive sales and profit. The announcement by Trian marks its official launch of its biggest […]

Uber Forms Partnership with Russian Rival Yandex

Uber loves to fight its competition. However, in a few of the countries the ride-hailing company is in business, it has taken a path that is more conciliatory. The most recent example of this is that on Thursday Uber announced that it formed a partnership with Russian Internet Yandex operator of a search giant and […]

Paris and Los Angeles Ready to Host Olympics

In all likelihood Paris and Los Angeles will get the 2024 and 2028 Summer Olympics. It is not clear however, which city will be given which year. On Tuesday, a vote is expected by the International Olympic Committee to break with its tradition and award two Olympic Games at the same time. Paris and Los […]

Jobs Growth in U.S. Accelerates During June

Job growth in the United States surged more than had been expected during June while employers increased the number of hours for their workers, signs of strengthening in the labor market that might keep the U.S. Federal Reserve on line for its third hike in the interest rate this year despite wage gains being sluggish. […]

Owner of QVC Taking Over Big Rival HSN for $2.1 Billion

Liberty Interactive is set to consolidate two powerhouses of home shopping with its CEO Greg Maffei calling the deal a way to enhance the position of QVC as the global leader of video e-commerce retail. Liberty Interactive, controlled by John Malone, already owns QVE a powerhouse in home shopping and has agreed in principle to […]

Worldpay Attracts Interest of Rival in U.S. and Banking Behemoth

On Tuesday, British payments processor company Worldpay Group said it received two different preliminary approaches from Vantiv its rival in the U.S. and JPMorgan Chase over the possibility of a takeover. The news helped send shares higher. The area of payments processing is much more fashionable of late as more payments continue to move online, […]

Keep Moving, Stay Healthy!

It’s now official: your desk is slowly killing you. Medical reports state that you should gt up and walk around or at least do some stretches once every hour to counteract the strain on the circulatory system that is caused by sitting. Many companies are becoming proactive in this area in order to cut down […]

Price of Gas on Fourth of July Sets Low of 12 Years

Gasoline prices have hit new lows for the Fourth of July as for the first time in the past 12 years the oil glut has held the price down. Consumers driving to their destination for the four-day weekend will be paying on average $2.21 a gallon, which is less than the $3.14 a gallon ten-year […]

Walgreens Drops Bid for Rite Aid, Will Buy Stores

Walgreens Boots Alliance has ended its bid to takeover Rite Aid Corp, and will instead buy a smaller part of its rival’s drugstore chain, as the original deal was blocked due to antitrust problems in the U.S. The new deal will end a saga that has dragged on over 18 months as the two companies […]

Sprint Shares Up After Talk of Wireless Partnerships

Sprint Corp shares were up 3% Tuesday morning after reports surfaced that the fourth-largest wireless service provider in the U.S. was holding talks with Comcast Corp and Charter Communications about a partnership. Sprint, which is controlled by Japan-based SoftBank Group, is in a period of two-months of exclusive talks with Comcast and Charter, while putting […]

Federal Probe at SeaWorld Related to Documentary “Blackfish”

On Friday, SeaWorld revealed through one of its public filings that a pair of federal agencies are investigating it for matters that are related to the documentary film “Blackfish” produced by CNN. SeaWorld said the probes are separate involving one with the Securities and Exchange Commission and the other with the Department of Justice. The […]

Deal Between Nike and Amazon Scares Sporting Goods Chains

Shares at several of the major sporting good chains fell to lows of 52 weeks after word that Nike might soon sell its products on e-commerce giant Amazon.com. On Wednesday, Goldman Sachs said it believed this deal would give Nike more exposure to the huge customer base and retail channel of Amazon, especially millennials. Products […]

Takata Shares Plunge on Reports of Bankruptcy

Takata might be getting nearer to its end. Shares of the auto parts business based in Japan plunged by 17% Monday following a number of reports that its scandal involving airbags that exploded might soon cause it to enter bankruptcy. On Friday, the stock was suspended due to the reports, which said the struggling company […]

CenturyLink Accused of Scheme Similar to Wells Fargo

A former employee at CenturyLink Inc. has claimed that she was fired because she blew the whistle on the telecommunication company’s sales culture of high-pressure that left its customers paying many millions of dollars for unrequested accounts, indicated a lawsuit in Arizona that was filed earlier this week. Shares at CenturyLink were down the most […]

Kroger Quarterly Earnings Help Push Stock Down

Kroger Co. stocks was slammed by investors during Thursday pre-market trading after the supermarket chain lowered its guidance for earnings significantly and started a new sales streak for same stores that is not nearly as positive as its previous one. Kroger, based in Cincinnati, Ohio, is the largest traditional supermarket operator in the country. On […]

Sears Cutting More Jobs, Online Head Stepping Down

Early Tuesday morning, Sears announced it was slashing 400 jobs for full time employees at corporate headquarters located in Hoffman, Illinois and for support functions. In addition, Stephan Zoll, online operations president at Sears will step down from that position on June 15, the retailer said on Tuesday in another 8-K filing with the U.S. […]

SoftBank Buying Alphabet Inc. Robotic Businesses

On Friday, SoftBank Group announced that it would acquire two companies from Alphabet Inc. the parent company of Google. The companies specialize in making walking robots.  This adds to the growing portfolio of artificial intelligence for the Japanese company. SoftBank announced it would acquire Schaft, based in Tokyo and Boston Dynamics. Both design as well […]

Banco Popular Rescued from Collapse by Santander

The largest bank in Spain Santander will acquire Banco Popular its struggling rival for just one euro after authorities in Europe determined that the lender was creeping closer to insolvency. Santander will be asking investors for close to €7 billion equal to $7.9 billion in fresh capital to help cover the cost to boost Popular, […]

Surge Pricing by Uber During Terror Attacks Causes Furor on Social Media

Uber, the ride-hailing service, faced furor on social media on Saturday after the company instituted surge pricing during the terror attack in England’s capital of London. A number of people used Twitter to express discontent over how the ride-hailing company delayed the turning off of surge prices in the affected areas of the capital following […]