Archive for Lisa Kingston

Claire’s Latest Retailer To File For Bankruptcy

Claire’s jewelry chain is looking for help in bankruptcy court. The company has filed for Chapter 11 bankruptcy protection in Wilmington, Delaware. Claire’s chief executive Ron Marshall said in a statement, “We will complete this process as a healthier, more profitable company, which will position us to be an even stronger business partner for our […]

Match Group Launches Lawsuit Against Bumble

A war has begun between two popular dating app companies. Tinder’s parent company Match Group (NASDAQ: MTCH) has launched a lawsuit against Bumble for patent infringement and stealing trade secrets. The lawsuit claims that Bumble is virtually identical to Tinder and its only differentiating factor is that women make the first move. The lawsuit cites […]

Lead Exposure Linked To Cardiovascular Disease Deaths

A new study suggests that lead exposure may be a significant, overlooked risk factor for cardiovascular disease. It has been estimated that lead exposure may contribute to more than 400,000 deaths of adults each year in the United States. This would mean that lead exposure could be responsible for nearly 10 times more deaths nationwide […]

France’s National Front Tries Rebranding

France’s far-right National Front has rebranded with a new party name in a fresh start for the organization. National Front leader Marine Le Pen proposed the party should rename itself “Rassemblement National,” which translates to “National Rally.” Members now will vote on whether to confirm Rassemblement National as the party name. Marine Le Pen took […]

Trump’s Top Economic Adviser Announces Resignation

Gary D. Cohn, President Trump’s top economic adviser, has announced that he will be resigning from his post. He will join a string of recent departures by senior White House officials. He is expected to leave in the coming weeks. White House officials said that Cohn was leaving on cordial terms with the president. In […]

Reddit And Tumblr Caught Up In Russian Disinformation Campaign

The number of American tech companies involved in the Russian disinformation campaign prior to the 2016 U.S. presidential election keeps growing. Congressional investigators now plan to question Reddit and Tumblr over new reports that their sites may have helped spread disinformation from Russia. Last year, House and Senate lawmakers grilled the executives of Facebook, Google […]

Russian President Putin Reveals Development Of New Nuclear Weapons

Russian President Vladimir Putin has proudly declared that his country’s scientists have developed a new generation of nuclear weapons capable of bypassing any missile defense system. The new weapons detailed included a nuclear-powered, nuclear-armed cruise missile, an underwater drone, and a hypersonic missile. The news was delivered during Putin’s annual state of the nation speech […]

Dick’s Sporting Goods Changes Gun Policies

Dick’s Sporting Goods (NYSE: DKS), one of the nation’s largest sports retailers, has announced that it is immediately changing some of its policies related to gun sales. The company will no longer sell any gun to anyone under 21 years of age, regardless of local laws. The retailer also said that it would no longer […]

Citigroup Customers To Split $330M Refund

Citigroup Inc. (NYSE: C) has announced its intentions to refund about $330 million in credit card fees to its customers. The company disclosed the error in its annual report filed with the Securities and Exchange Commission at the end of last week. A spokeswoman for the company said, “We sincerely apologize to our customers and […]

Toys R Us Announces More Store Closures

Toys R Us Inc. has announced plans to close more stores and lay off a significant portion of its corporate staff. The company recently announced plans to close about 180 stores, which would affect approximately 4,500 workers. The number represents about 20 percent of its U.S. store fleet. People familiar with the matter say that […]

Swype Keyboard App Development Ends

Nuance Communications Inc. (NASDAQ: NUAN) has announced that it is ending the development of its Swype+Dragon dictation Android and iOS apps. Swype support is being discontinued immediately. The company’s announcement of the apps’ discontinuation came earlier this month, but the actual removal of the apps just recently occurred. On iOS, one version of Dragon appears […]

Autism Blood Test Is 90% Accurate

A team from the University of Warwick and the University of Bologna have created an experimental blood test that could help detect autism in children. The tests look for damage to certain proteins that have been shown to be higher in children with autism spectrum disorders. The new research was recently published in the journal […]

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 […]

Ubiquiti Networks (UBNT) Downgraded to “Sell” at Vetr

Vetr cut shares of Ubiquiti Networks (NASDAQ:UBNT) from a hold rating to a sell rating in a research note published on Thursday, January 4th. They currently have $71.07 price target on the Wireless communications provider’s stock. Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Ubiquiti Networks from […]

T. Rowe Price Group (TROW) Downgraded by Zacks Investment Research to “Hold”

T. Rowe Price Group (NASDAQ:TROW) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 5th. They currently have a $115.00 price objective on the asset manager’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 2.21% from […]

Tandem Diabetes Care (TNDM) Downgraded by Zacks Investment Research to Hold

Tandem Diabetes Care (NASDAQ:TNDM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, January 5th. According to Zacks, “Tandem Diabetes Care, Inc. is a medical device company. The Company designs, develops, and commercializes products for people with insulin-dependent diabetes. Its products […]

Markel (MKL) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Markel (NYSE:MKL) from a hold rating to a buy rating in a research note released on Friday, January 5th. Zacks Investment Research currently has $1,253.00 price target on the insurance provider’s stock. According to Zacks, “Shares of Markel have outperformed the industry in a year. It strives to grow […]

SEI Investments (SEIC) Raised to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of SEI Investments (NASDAQ:SEIC) from a hold rating to a strong-buy rating in a research note released on Friday, January 5th. Zacks Investment Research currently has $84.00 price target on the asset manager’s stock. According to Zacks, “SEI Investments’ shares have significantly outperformed the industry over the last six months. […]

Reviewing StoneCastle Financial (NASDAQ:BANX) and MFS Charter Income Trust (MCR)

StoneCastle Financial (NASDAQ: BANX) and MFS Charter Income Trust (NYSE:MCR) are both small-cap finance companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, analyst recommendations, risk, profitability, institutional ownership, valuation and earnings. Dividends StoneCastle Financial pays an annual dividend of $1.52 per share and […]

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 […]

Free Checking Accounts Ending At Bank of America

Bank of America (NYSE: BAC) is eliminating its free checking account offering. The change has apparently been in process since 2015. Bank of America is, by some accounts, the second largest bank in the United States. BOA’s eBanking account, introduced in 2010, didn’t charge a monthly maintenance fee to customers that received paperless statements and […]

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 […]

New Tariffs Added To Solar Panels, Washing Machines

New tariffs on residential washing machines and solar cells imported to the United States are in the works. The tariffs on solar panels and washing machines are among the first unilateral trade restrictions imposed by the Trump administration. The administration’s protectionist agenda has alarmed Asian trading partners that produce lower cost goods. President Donald Trump […]

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 […]

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 […]

Goldman Sachs Claims New U.S. Tax Law Will Cost It $5B

Goldman Sachs Group Inc. (NYSE: GS) said the new tax laws signed in the United States will cost it about $5 billion in fourth-quarter earnings. The charge will reduce an estimated $1.9 billion in earnings for the quarter to a likely loss of around $3 billion. The effect of the tax changes on Goldman Sachs […]

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 […]