News

Hawaii’s Kilauea Volcano Eruption Displaces Hundreds

The Kilauea volcano on Hawaii’s Big Island has erupted, displacing hundreds from their neighborhoods and putting their homes in danger. The eruption sent a massive spiral of ash wafting into the air and at one point, lava fountains were shooting 150 feet high. The lava continues to bubble from a 500-foot crack, flowing through a […]

Amazon Prime Membership Price Increasing For Everyone

Amazon.com Inc. (NASDAQ: AMZN) is increasing the price of its annual Prime membership program by $20, from $99 to $119. The price increase will take effect on May 11 for new subscribers and on June 16 for renewals of existing accounts. Amazon has charged $99 annually for Prime since 2014. Before that, the cost of […]

Sinclair Broadcast Group Criticized For Fake News Promos

Sinclair Broadcast Group (NASDAQ: SBGI) is receiving considerable criticism over its decision to air a series of promos about the prevalence of fake news. Sinclair issued a company-wide directive for its stations’ news anchors to warn viewers about unsubstantiated news reports spreading via social media. The company said that the promos were part of a […]

Remington Gun Manufacturer Files For Bankruptcy

Remington Outdoor Company has declared bankruptcy. The bankruptcy filing comes a day after hundreds of thousands of Americans took to the streets to demand tougher gun laws to prevent school shootings. The protests were sparked by the mass shooting in Parkland, Florida in February that left 17 dead. Remington has been one of America’s leading […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]