Archive for Lisa Kingston

Microsoft Under Investigation Over Potential Bribery In Hungary

Microsoft Corp. (NASDAQ: MSFT) is reportedly under investigation by US authorities over sales of its software in Hungary being potentially linked to bribery and corruption. According to people familiar with the matter, the Justice Department and the Securities and Exchange Commission are looking into how Microsoft sold software to middleman firms that then sold those […]

Study Says No Safe Level Of Alcohol Consumption

A new study published in the journal The Lancet is claiming that the harms of alcohol greatly outweigh any potential benefits from consumption. The authors of the study found that the risk of developing health issues steadily increased with the number of alcoholic drinks consumed each day. The researchers determined that considering the risks, there […]

PepsiCo Makes Deal For SodaStream

Food and beverage giant PepsiCo (NASDAQ: PEP) has made a deal to purchase Israeli fizzy drink-maker SodaStream for $3.2 billion. The plan calls for PepsiCo to pay $144 cash per SodaStream share using cash on hand. According to reports, the deal was unanimously approved by the boards of directors of both companies. The deal is […]

Administration Redirecting $200M Of Syria Stabilization Funds

The Trump administration has announced that it will be redirecting $200 million in funds slated for Syria stabilization efforts. That money would have had to have been returned to the Treasury Department at the end of this budget year on Sept. 30 if it had remained unspent. State Department spokesperson Heather Nauert said the decision […]

Facebook Accused Of Housing Discrimination

Federal regulators have accused Facebook of allowing landlords and real estate brokers to engage in housing discrimination. A formal complaint filed against the social media company says that it allows the use of targeted Facebook ads to discriminate on the basis of race, sex, religion, disability and other characteristics. In response, Facebook said that it […]

Famous Brazilian Plastic Surgeon Charged With Murder

Prominent Brazilian plastic surgeon Denis Cesar Barros Furtado, also known as “Dr. Bumbum,” has been charged with murder after a patient died following a butt enhancement procedure. Furtado is accused of giving Lilian Calixto a fatal injection of polymethylmethacrylate in his Rio de Janeiro apartment in July. Calixto, 46, fell ill during the procedure and […]

Foreigners Banned From Buying New Zealand Homes

A new law passed by New Zealand’s parliament bans many foreigners from buying most types of existing homes in the country. The Overseas Investment Amendment Bill, which prevents overseas investors from purchasing existing properties in New Zealand, was passed in a 63-57 vote. The new law must still receive royal assent, which is a formality, […]

Tinder Founders Launch $2 Billion Lawsuit Against Match Group, IAC

A group of 10 current and former Tinder employees have launched a lawsuit against InterActiveCorp and Match Group (NASDAQ: MTCH), the owners of Tinder, in New York State Supreme Court in Manhattan. The employees are suing for $2 billion, alleging that the defendants purposely undervalued Tinder before its tie-up with Match to devalue early employee […]

First Sprint 5G Smartphone Coming In 2019

Sprint (NYSE: S) is partnering with LG to release its first 5G smartphone in the US in 2019. William Cho, CEO of LG Electronics North America, said in the announcement, “LG has been working side by side with Sprint for nearly 20 years, and we are looking forward to expanding this partnership with 5G.” The […]

Uproar Erupts Over China’s Treatment Of Muslims

More than a million Muslims are being detained in a network of internment camps in western China for “reeducation”, according to a report from a United Nations human rights committee. Members of the Muslim Uighur community, as well as other Muslim groups, are reportedly being targeted and detained without trial in cases that are happening […]

Monsanto Ordered To Pay $289 million In Roundup Cancer Case

A San Francisco jury has ordered agribusiness giant Monsanto to pay $289 million in a case claiming that its popular Roundup weed killer causes cancer. School groundskeeper Dewayne Johnson was awarded $39 million in compensatory and $250 million in punitive damages. Monsanto, a unit of Bayer AG, faces more than 5,000 similar lawsuits across the […]

Papa John’s Records Big Sales Decline

Papa John’s (NASDAQ: PZZA) recorded a big drop in sales in the latest quarter, stunning investors and analysts. The pizza chain reported that its same-store sales in North America fell 10.5 percent in July and 6.1 percent for the quarter. That was steeper than Wall Street expected, and marked the third straight quarter of declines. […]

Rise Of ‘Snapchat Dysmorphia’ Alarming Medical Professionals

Medical professionals are expressing alarm at the rising number of people requesting surgical procedures to make them look more like their social media photos. The vast array of filters and editing options available today are helping people change their appearance to a more idealized version of themselves and then they want to also look that […]

Plan To Roll Back Fuel Economy Standards Proposed

Environmentalists are deeply concerned about the Trump administration’s proposed rollback of previously-established fuel efficiency and emissions standards. The EPA and the National Highway Traffic Safety Administration have released a new proposed rule that would freeze fuel economy standards for new vehicles at their 2020 levels for six years instead of allowing them to ratchet up […]

Suspected Russian Agent Found In US’s Moscow Embassy

A suspected agent for the Russian government has been found working in the US Embassy in Moscow. The unidentified Russian woman worked for the Secret Service as a liaison between the agency and Russia’s law enforcement and intelligence agencies. The suspect reportedly worked in the embassy for more than a decade. A routine investigation in […]

Some Kroger-owned Stores Banning Visa Credit Cards

Supermarket chain Kroger Co. (NYSE: KR) has announced that it is banning Visa credit cards at its Foods Co. stores in California starting August 14. The affected California stores are 21 Foods Co. supermarkets and five gas stations in San Francisco, Sacramento, Fresno and Bakersfield. The stores will still accept all debit cards, including Visa […]

US Weighing Further Increases In Tariffs On Chinese Goods

The proposed tariffs on $200 billion of Chinese goods may be raised from 10 percent to 25 percent, according to US President Donald Trump’s administration. The duties could take effect after the administration draws up its revised, final list of imports that will be affected by the tariffs. Hearings on the matter are scheduled for […]

New TSA Tracking Program Disclosed

The Transportation Security Administration (TSA) has been conducting a tracking program targeting ordinary Americans in airports since at least 2010, according to new reports. The program, called “Quiet Skies,” used small teams of air marshals to watch and record the actions of thousands of unsuspecting Americans before boarding and aboard flights. According to the reports, […]

‘Medicare for All’ Plan Estimated To Cost More Than $32 Trillion

A “Medicare for all” plan to provide universal health coverage to all Americans has been projected to cost the government $32.6 trillion over 10 years. The proposal has been studied by the Mercatus Center at George Mason University in Virginia, which released its analysis this week. However, some backers of the plan are suspicious of […]

Twitter Shares Make Steep Fall

Twitter shares fell 20.5 percent in a single-day drop during this week’s bloodbath for social media companies. It was the worst single day percentage drop since 2014 for the company, and the second worst in Twitter’s history. Before the steep decline, Twitter’s stock had risen 79 percent in 2018. The news comes just after Facebook […]

Doomsday Cult Members Executed Over Subway Attacks In Japan

Japan has executed six members of a Japanese doomsday cult over gas attacks and other crimes committed in the 1990s. The members were the last ones remaining on death row for the crimes. Thirteen members of the group had received death sentences. The first seven were executed about three weeks ago. Justice Minister Yoko Kamikawa […]

Generic Viagra Study Stopped After Eleven Babies Die

A study being conducted in the Netherlands has been halted after nearly a dozen babies succumbed to a serious lung ailment. Dutch doctors were trying to answer whether the active ingredient in the erectile dysfunction drug Viagra could be used to help a particular group of at-risk babies. The study was being headed by Amsterdam […]

Google Releasing New Titan Security Key

Alphabet’s Google (NASDAQ: GOOGL) is releasing a new security key, called the Titan Security Key, to help its customers increase the security of their online accounts. The security keys should work on any device with a USB port or a Bluetooth connection. The company says that the security keys will be available in Google’s online […]

Ryanair Profits Down 20% Amidst Crew Strikes

Ryanair (NASDAQ: RYAAY) reported that its first quarter profit was down 20 percent from the same period last year due to higher fuel costs, rising wages and strikes by some of its crew members. The company posted a profit of 319 million euros ($374.4 million) for the three months to June 30. That was higher […]

General Electric Power Division Profit Plunges

General Electric (NYSE: GE) is facing major issues in its power division. During the second quarter, profit at GE Power, the company’s largest division by revenue, plunged 58 percent year over year. The decline drove overall earnings down by 30 percent last quarter, offsetting strength in other areas of the business. GE CEO John Flannery […]

Bayer Ending Sales Of Essure Birth Control Device

Bayer said that it will stop selling the Essure birth control implant device in the U.S. at the end of the year due to weak sales. The United States was the only country where the device was still being sold. The company has already ended sales of the device in England, Brazil, Canada, France and […]

New York City’s Lawsuit Against Fossil Fuel Companies Thrown Out

A federal judge has rejected New York City’s lawsuit against fossil fuel companies over climate change. The suit brought by the city would have forced fossil fuel companies to pay for some costs of climate change. Similar cases brought by San Francisco and Oakland were thrown out last month. The cases brought by New York, […]

Starbucks Opening Its First Sign Language-Focused Store In US

Starbucks (NASDAQ: SBUX) has announced that it will be opening its first ever signing store in the United States. The company plans to hire 20 to 25 deaf, hard of hearing and hearing partners from across the country to work at the store. All employees of the location will be required to be proficient in […]

Sinclair’s Acquisition Of Tribune Media In Jeopardy

Sinclair Broadcast Group’s acquisition of Tribune Media Company will not be receiving the approval of Federal Communications Commission Chairman Ajit Pai as it’s currently structured, according to a statement released by the agency. The proposed $3.9 billion deal has been under regulatory review since May of 2017 and, until recently, was seen as likely to […]

Adidas Embraces Sustainability With Recycled Plastic Pledge

Adidas has made an announcement that it plans to only be using recycled plastics by 2024. Starting this year, the company will stop using virgin, or newly manufactured, plastic in its clothing, offices, retail outlets, warehouses and distribution centers. The move will save an estimated 40 tons of plastic annually, according to a statement from […]

Twitter Accounts Purge Causes Large Drops In Followers

Twitter’s (NYSE: TWTR) most recent accounts purge has taken a big bite out of the follower numbers of some of the biggest accounts on its site. The purge, undertaken as an effort to clean up the social media platform, was expected to impact many of the accounts on the platform as it went on through […]

More Than 100 Sickened By Honey Smacks Cereal

According to the US Centers for Disease Control and Prevention, more than 100 people have gotten sick from recalled Kellogg’s Honey Smacks cereal. The multistate outbreak of salmonella illness linked to the cereal has now reached 33 states. Florida and Colorado are the latest states to report illnesses as part of the outbreak. People have […]

Starbucks Phasing Out Plastic Straws By 2020

Global coffee giant Starbucks (NASDAQ: SBUX) has announced that it will be eliminating plastic straws from all of its stores by 2020. Instead of continuing to use its current flat lids with straws, the company is switching over to lids that have a raised lip you can drink from. The new lids will begin rolling […]

Samsung Opens World’s Largest Mobile Phone Factory in India

Samsung Electronics Co. (SSNLF) has created the world’s largest mobile phone factory in India. The factory was opened by Indian Prime Minister Narendra Modi and South Korean President Moon Jae-in in an elaborate inauguration event. Samsung India CEO HC Hong described the factory as a “symbol of Samsung’s strong commitment to India and a shining […]

Over 200 Sickened By Del Monte Vegetable Trays

Del Monte-branded pre-packaged vegetable trays have been linked to a parasite that has sickened more than 200 people across the Midwest. Those affected have been diagnosed with cyclosporiasis, an intestinal infection caused by the cyclospora parasite. The earliest reported symptoms in this outbreak began on May 14 and the outbreak was first tracked by the […]

Hawaii Bans Sunscreens Containing Coral Harming Chemicals

This week, Hawaii became the first state in the nation to ban the sale of sunscreens containing coral harming chemicals. Hawaii Gov. David Ige signed legislation, which state lawmakers passed in May, banning sunscreens with oxybenzone or octinoxate as ingredients. Gov. Ige said during the bill signing, “This bill is a small first step worldwide […]

Facebook Shutting Down Three Recently Purchased Apps

Facebook (NASDAQ: FB) has announced that it is shutting down three apps purchased by the company in recent years. One of the apps has only been in Facebook’s possession for eight months. The reason for closing all three apps was cited as “low usage.” One of the apps being shuttered is an anonymous social app […]

NSA Under Fire Over Illegal Call Records Collection

The National Security Agency (NSA) is under fire after a disclosure that the agency is in the process of destroying hundreds of millions of phone records it was not legally allowed to have. The purged records had been gathered from American telecommunications companies since 2015 through a system the agency created under the USA Freedom […]

Outdoor Air Pollution Linked To Increased Diabetes Risk

New research links outdoor air pollution to an increased risk of diabetes globally. The findings, published June 29 in The Lancet Planetary Health, examined the relationship between particulate matter and diabetes. The researchers found that air pollution was a major cause of as many as 3.2 million cases of diabetes a year. Diabetes is one […]

Verizon Go90 App Shutting Down

Verizon (NYSE: VZ) is shutting down its Go90 video app on July 31st. Go90 offered a mix of original short-form videos and licensed programming from official networks for free. Verizon spent more than $1.2 billion on the Go90 project. The Go90 team and its operations have been folded into Oath, Verizon’s new multimedia unit comprised […]

Harley-Davidson Say Tariffs Prompting Production Move

Harley-Davidson Inc. (NYSE: HOG) has announced that the production of motorcycles sold in Europe will move from U.S. factories to international facilities to avoid paying a recently enacted 25 percent tariff. In a regulatory filing, the company reported that EU tariffs on motorcycles exported from the U.S. have now jumped between 6 percent and 31 […]

Instagram Launches New Video App

Instagram has rolled out IGTV, a new app specifically for long-form, vertical video. Everyone who has an Instagram account can start uploading and watching videos right away. The new features can be accessed through the new app or by clicking a new IGTV icon on the existing Instagram app. According to Instagram CEO Kevin Systrom, […]

Senate Defense Spending Bill Kills ZTE Deal

New iOS Has Enhanced Emergency Features

Apple has announced that the newest version of its operating system for the iPhone and iPad will contain enhanced emergency features to make it easier for users to get help in a crisis. The new features will be part of iOS 12, the upcoming software update for Apple devices. Apple unveiled iOS 12 and detailed […]

Rare Case Of Plague Diagnosed In Idaho

Idaho state health officials have announced that a child in the state has a confirmed diagnosis of bubonic plague. The child became ill late last month and has now received antibiotic treatment and is recovering. The Central District Health Department did not reveal the child’s name, age or gender. Health officials say that this was […]

Ohio’s Voter Purges Found To Be Legal

A deeply divided Supreme Court has ruled 5-4 that Ohio’s plan to purge voters from the state’s election rolls does not violate established laws. Under the plan in Ohio, the state would be purging voters who failed to vote for six years and did not confirm their residency. Ohio currently has the strictest such law […]

DNC Rule Change Angers Bernie Sanders Supporters

The Democratic National Committee’s Rules and Bylaws Committee has approved a prospective rule change aimed at preventing non-Democrats from seeking the party’s 2020 presidential nomination. At a DNC meeting in Providence, R.I., the committee embraced a rule change that requires all candidates for the party’s nomination to “run and serve” as Democrats. DNC member Randi […]

Starbucks Coffee Just Increased In Price

The price of buying brewed coffee at Starbucks (NASDAQ: SBUX) has just increased without much fanfare. The coffee chain has raised its prices by anywhere from 10 cents to 20 cents at nearly 8,000 U.S. locations. A 12-ounce “tall” brewed coffee will now cost between $1.95 and $2.15, depending on location. The prices for other […]

Billionaire David Koch Retiring From Business And Political Empires

Reports have emerged that billionaire David Koch has decided to retire from his family’s conglomerate, Koch Industries. He has served as executive vice president of the company and a member of its board. He also held the titles of chairman and CEO of one its subsidiaries, Koch Chemical Technology Group. He also is stepping aside […]

Canada Pays Half As Much For Drugs As U.S., Get Similar Results

A new study is showing what many people in the United States already believed. Americans routinely pay more for health care than people in other countries, but the added costs don’t equal better outcomes. In fact, the new study shows that Americans paid twice as much as Canadians for cancer treatments, but lived for about […]