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Bipartisan Group Advocates For Changes In Federal Sentencing Laws

A bipartisan group of senators is pushing to revive legislation that would bring big changes to federal sentencing laws. The proposal would significantly reduce mandatory minimum sentences for nonviolent drug offenses. The bill will also create a new system for determining which offenders would be eligible for early release and new programs to better prepare […]

American Security Agencies Warn Against Using Huawei Phones

U.S. intelligence agencies have issued a warning to consumers that Chinese smartphone makers pose a security threat to American customers. They say that the Chinese government can use its smartphones and other products for intelligence gathering. The intelligence chiefs made the comments during a Senate Intelligence Committee hearing earlier this week. Top officials from the […]

4/20 Marijuana Holiday Puts Drivers At Increased Risk

A recently conducted study has found that U.S. drivers are 12 percent more likely to get into a fatal crash on April 20, even if they aren’t cannabis consumers. That date is the unofficial holiday devoted to celebrating marijuana. The researchers looked at data from the U.S. National Highway Traffic Safety Administration, specifically at 25 […]

Six Teens Running For Kansas Governor

Six Kansas teens are taking advantage of a loophole in state law to run for governor of the state. The teenagers have all submitted paperwork with the Kansas Governmental Ethics Commission to run in the November election for governor of Kansas. To stay in the race, they have to pay a filing fee by June […]

Twitter Announces First Quarterly Profit

Twitter Inc. (NYSE: TWTR) reported its first quarterly profit and better-than-expected revenue for the fourth quarter of its fiscal year. Revenue and adjusted profit both topped analysts’ targets. Twitter reported a net profit of $91.1 million, or 12 cents per share, compared to a loss of $167.1 million, or 23 cents per share, a year […]

Major Cyber Crime Ring Taken Down

The U.S. Justice Department has announced one of the largest-ever closures of a global cyber crime ring this week. The cyber crime ring trafficked in stolen identities and caused more than $530 million in losses to consumers. Deputy Assistant Attorney General David Rybicki said, “Today marks a significant step in the battle against transnational cyber […]

Facebook Reports Users Reducing Time On Site

People are using Facebook less often than before, according to a new report. Facebook Inc. (NASDAQ: FB) has reported a 5 percent drop in the total amount of time users spend on the social network. It is believed that the tweaks made to the content the network shows users are causing users to spend less […]

Fujifilm To Take Control Of Xerox

Japan’s Fujifilm Holdings Corp. is taking control of Xerox Corp. (NYSE: XRX) in a deal that creates an $18 billion company. The deal has been unanimously approved by the boards of both companies, but still needs shareholder approval. Fujifilm executives said they were confident all shareholders will approve the deal. Xerox will be subsumed into […]

Vaping May Be As Bad As Smoking For Your DNA

A new study is claiming that vaping can be just as bad for your health as picking up a real cigarette. The study, conducted by scientists at the University of Connecticut, concluded that the nicotine liquid-filled devices can cause as much damage to human DNA as standard tobacco products. Karteek Kadimisetty, a chemist at the […]

Qualcomm Fined $1.2B Over iPhone Chip Payments

Qualcomm (NASDAQ: QCOM) has been fined $1.2 billion by the European Commission for paying Apple billions to ensure Qualcomm chips were used in iPhones and iPads. The European Commission decided to fine Qualcomm the equivalent of 4.9 percent of its 2017 turnover for the anti-competitive behavior. The U.S. Federal Trade Commission is also investigating Qualcomm’s […]

Federal Government Shuts Down Over Spending Bill

Much of the federal government officially shut down early Saturday morning because Congress couldn’t come to an agreement on funding. Funding for the government was set to expire at midnight January 19. Shutdowns usually happen in times of divided government. This is the first time it’s happened with one party controlling both Congress and the […]

Italy’s Ferrero To Buy Nestle U.S. Candy Business

Italy’s Ferrero has agreed to buy the U.S. confectionery business of Swiss food group Nestle for $2.8 billion in an all-cash deal. The business has about $900 million in sales and represents roughly 3 percent of U.S. Nestle Group’s sales. The deal is expected to be completed near the end of the first quarter, Nestle […]

AT&T Not Selling Huawei Phones In Near Future

AT&T Inc. (NYSE: T) has reportedly canceled plans to sell smartphones made by Chinese electronics giant Huawei Technologies Co. The company was widely expected to announce that AT&T would partner to sell the device during its presentation at CES, one of the tech industry’s biggest shows. An anticipated deal between Huawei and Verizon is also […]

Macy’s Reports Strong Holiday Season

Macy’s Inc. (NYSE: M) said it had a “strong” holiday season and reported better-than-expected results for the period. Macy’s comparable sales rose 1 percent during the months of November and December compared with the same period last year. Top-selling items for the period included coats, sweaters, boots, and fragrances. Macy’s full-year sales are still expected […]

Verizon And Samsung To Partner In 5G Deployment

Samsung Electronics has been selected by Verizon Communications as an equipment supplier in the rollout of 5G services. This comes as the largest wireless carrier in the United States makes efforts to provide high speed internet on its network and follows an announcement by the wireless carrier that its 5G network will be rolled out […]

Spotify Sued For $1.6 Billion

Wixen Music Publishing has sued Spotify for allegedly using thousands of songs without license and compensation. The Wixen suit accuses Spotify of failure to “comply with the requirements of Section 115 of the Copyright Act” and of failing to obtain either a direct license or a compulsory license to use the songs in their catalogue. […]

YouTube Gone From Amazon Devices

Alphabet’s Google (NASDAQ: GOOGL) has followed through on its threat to block Amazon (NASDAQ: AMZN) devices from accessing YouTube. The Google action affects all Fire TV devices, as well as the Echo Show, Amazon’s smart speaker device with a screen. Some users lost access as early as last week. The spat that led to the […]

Apple Offers Explanation For iPhone Slowing

Frustrated iPhone owners have long accused Apple (NASDAQ: AAPL) of artificially slowing down older phones to drive new sales. After years of denials regarding the practice, Apple recently admitted that it was deliberately slowing down older iPhones. The practice only came to light after being discovered by a developer, instead of being clearly disclosed by […]

Benefits Of Calcium And Vitamin D Supplements Questionable

A new study has found that taking calcium and vitamin D supplements may not provide the health benefits expected. Researchers are saying that there is little evidence in the medical literature showing that the pills help prevent bone fractures. The researchers based their findings on clinical trials, systematic reviews and other reports published over the […]

OkCupid Under Fire For Plan To Enforce Real-name Rules

OKCupid recently released an open letter announcing that the company will begin rigorously enforcing rules that require users to use their real names before year’s end. The company’s letter says, “We want you, BigDaddyFlash916, to go by who you are, and not be hidden beneath another layer of mystique.” A test group of OKC members […]

New National Security Doctrine Calls Out China, Russia

A new 68-page national security doctrine published by the White House is under fire for describing Russia and China as “revisionist” powers for seeking a change in the American-led world order. The document acknowledges Russia’s hostile schemes, identifies long-term challenges with China, and builds on Trump’s “America first” rhetoric. The national security strategy provides Congress […]

UPS Places Order For 125 Tesla Semi-trucks

United Parcel Service Inc. (NYSE: UPS) has announced it has placed an order for 125 Tesla all-electric semi-trucks. UPS chief information and engineering officer Juan Perez called the trucks “groundbreaking.” The UPS order is the largest known order for the big rig so far, with an order valuation of about $25 million. Scott Phillippi, UPS […]

AOL Instant Messenger Ends 20-Year Run

AOL Instant Messenger (AIM) was officially shut down on Friday after 20 years in action. Verizon’s Oath previously announced in October that Dec. 15 would be the platform’s last day. The company had already removed third-party support in March, cutting off many access points. AOL was acquired by Verizon in June 2015 for $4.4 billion. […]

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 […]

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 […]