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Japan-based Takeda Increases Offer to Shire

Japan-based Takeda Increases Offer to Shire

Takeda Pharmaceutical, based in Japan, has boosted its offer to acquire Shire to £44.3 billion or $62 billion on Friday in an attempt to persuade the specialist of rare-disease treatments into negotiations after being rejected on... 
Jeff Bezos: Amazon Prime Has 100 Million Members

Jeff Bezos: Amazon Prime Has 100 Million Members

An annual letter to shareholders has been released by Jeff Bezos the CEO at Amazon. In his letter, Bezos was quick to stress how important it is to have high standards when running a business, as with setting high standards, businesses... 
Johnson & Johnson Beats on Earnings Thanks to Pharma

Johnson & Johnson Beats on Earnings Thanks to Pharma

Johnson & Johnson was able to top revenue and earnings expectations during the first quarter boosted by strong growth in pharmaceuticals. The company posted $2.06 adjusted earnings per share on revenue that exceeded $20 billion.... 
Judge in U.S. Says Drivers for Uber Are Not Company Employees

Judge in U.S. Says Drivers for Uber Are Not Company Employees

A Philadelphia judge ruled this week that limousine drivers at Uber Technologies are not employees but independent contractors under federal law, which is the first ruling of this kind on an important issue for the company. The judge... 
Uber Acquiring Electric Bike Sharing Company Jump Bikes

Uber Acquiring Electric Bike Sharing Company Jump Bikes

Ride-hailing behemoth Uber is acquiring electric-bike startup Jump Bikes, as it diversifies its transportation options. Uber CEO Dara Khosrowshahi on Monday announced that the company reached an agreement to buy Jump, which operates... 
Nine West Files Bankruptcy, Planning to Reorganize Sell Shoe Brand

Nine West Files Bankruptcy, Planning to Reorganize Sell Shoe Brand

On Friday, Nine West Holdings filed for bankruptcy protection. The company is planning to sell some of its existing assets while reorganize others as excessive debt defeated the clothing and shoe company that Sycamore Partners controls. The... 
Uber Suspending Greece Service Following New Legislation

Uber Suspending Greece Service Following New Legislation

Uber Technologies, the world’s largest ride-hailing service said Thursday that it would be suspending its service across Greece after local legislation was approved that imposes stricter regulation within the sector. Uber, which... 
McDonald’s Increases Tuition Benefits Following Tax Windfall

McDonald’s Increases Tuition Benefits Following Tax Windfall

McDonald’s Corp is planning to inject $150 million into its tuition assistance programs for its employees in the U.S., becoming the most recent corporate behemoth to use the overhaul of corporate taxes to increase benefits. This... 
Milkybar From Nestle Targeting Healthy Sweet Lovers Using New Sugar

Milkybar From Nestle Targeting Healthy Sweet Lovers Using New Sugar

Nestle will launch its new lower-sugar candy bar Milkybar that is made with a new version of sugar that could help ease the confectionery industry’s growing headache over public health. The confectionery industry is thought to be... 
President Trump’s Tariffs on Imports from China Could Increase U.S. Prices

President Trump’s Tariffs on Imports from China Could Increase U.S. Prices

The move by President Donald Trump to impose big tariffs on imports from China and the threats of retaliation by China set of new worries on Friday over higher prices for consumers in the U.S. and steep losses of sales for businesses... 
Whole Foods Calls Summit of Suppliers Amidst Worry Over Amazon

Whole Foods Calls Summit of Suppliers Amidst Worry Over Amazon

Whole Foods on Tuesday will hold a summit for as many as 200 of its different suppliers amidst worry over how its business revamp is going to play out with Amazon.com its new owner. Amazon’s purchase for $13.7 billion of the supermarket... 
KFC Goes to Former Supplier for Help with Menu Problems

KFC Goes to Former Supplier for Help with Menu Problems

KFC cannot seem to fix its problems with its menu in the UK, which has created quite an image problem for the chain. The chain of chicken restaurants announced on Friday that it would be switching hundreds of its restaurants in the... 
German Automakers Outsell GM in South Korea

German Automakers Outsell GM in South Korea

BMW and Mercedes both sold more vehicles than did General Motors in South Koreas for just the first time, during February. Sales were helped by the increasing popularity of the premium brands from Germany as consumers shift away from... 
IEA: Output in U.S Oil to Jump in Upcoming Five Years

IEA: Output in U.S Oil to Jump in Upcoming Five Years

Output of shale oil in the U.S. is ready to make a surge over the upcoming five years as drillers have recovered rapidly from a slump of three years, said the International Energy Agency on Monday. It sharply upgraded its previous... 
Shares Plummet for Firearms Maker

Shares Plummet for Firearms Maker

American Outdoor Brands Corp., which makes Smith & Wesson firearms, plummeted following a warning of a long sales slump. Demand by consumers for firearms has fallen to new low levels that might continue for an extended period,... 
Jane Replacing Johnnie Walker on Some Scotch Bottles

Jane Replacing Johnnie Walker on Some Scotch Bottles

For just the first time, the man in a top hat who appears on Johnnie Walker whiskey bottles will be replaced with a woman. Diageo, the owner of Johnnie Walker and a giant in the liquor industry, said this week that it would be launching... 
Cattle Ranchers Fighting Back Against Fake Meat

Cattle Ranchers Fighting Back Against Fake Meat

Businesses such as Beyond Meat and Impossible Foods have combined science with ingredients that are plant-based to create what are being called “fake meat” burgers as well as other products that taste similar to real meat. Now,... 
Beijing Takes Control of Anbang, Owner of Waldorf Astoria

Beijing Takes Control of Anbang, Owner of Waldorf Astoria

The government of China announced on Friday it has taken control of Anbang Insurance Group, a troubled company in China that is owner of New York City’s Waldorf Astoria hotel as well as other well-known properties across the globe,... 
Employee at Taco Bell Fired following Derogatory Slur on Receipt

Employee at Taco Bell Fired following Derogatory Slur on Receipt

Following a night out with friends, In Young Lee, a Ph.D student in his first year at Penn Medicine, visited a Philadelphia Taco Bell at approximately 1:40 AM. According to Lee, when he arrived to order food he gave the fake name of... 
Lego Enters China Classrooms as Other Markets Slow

Lego Enters China Classrooms as Other Markets Slow

Toymaker Lego hopes to build a following with parents in China through promoting its place in Chinese classrooms as well as in children’s toy boxes. The Danish toymaker, famous for its building blocks made in bright colors, has been... 
Avis Under Heavy Pressure to Shuffle Its Board

Avis Under Heavy Pressure to Shuffle Its Board

Avis Budget Group’s top shareholder has started a proxy battle with the board of directors at the rental car business, citing a failure to reach financial targets and prepare the business for the auto industry’s transformation. SRS... 
Quarterly Sales at Uber Rose by 61% Amidst Big Loss

Quarterly Sales at Uber Rose by 61% Amidst Big Loss

Uber Technologies Inc. suffered through a difficult 2017, but its business was able to grow nevertheless. Uber’s adjusted net revenue for its just ended quarter grew 61% to end the three-month period at $2.22 billion compared to... 
Maker of Marmite Threatens to Stop Ads on Google and Facebook

Maker of Marmite Threatens to Stop Ads on Google and Facebook

Unilever, the maker of consumer goods, is threatening to end its advertising with online giants such as Google and Facebook if they do not protect children, help to prevent the creation of a division in society and hate. Later on Monday,... 
Twitter Posts First Quarterly Profit

Twitter Posts First Quarterly Profit

Twitter appears as if it is beginning to head in the right direction. On Thursday, the microblogging site posted a fourth quarter profit; the first quarterly profit since it became public dating back to 2013. The news helped push share... 
General Motors Posts Strong Results Despite Its Losses

General Motors Posts Strong Results Despite Its Losses

General Motors Co. Detroit’s only automaker that posted a 2017 net loss, down by $3.9 billion due to adjusting for the new corporate tax law and a one-off hit from its European money-losing business that it sold in 2017. However,... 
Credit Card Spending Increase Lifts Profits for VISA

Credit Card Spending Increase Lifts Profits for VISA

An increase in the amount spent with credit cards by confident consumers has helped payments processor Visa Inc. surpass revenue expectations in its fiscal year first quarter. Visa’s revenue during the three-month period that ended... 
Harley-Davidson Sales Fall, Shutting Plant in Kansas City

Harley-Davidson Sales Fall, Shutting Plant in Kansas City

Sales at Harley-Davidson fell sharply during 2017 and the motorcycle maker will move forward with its plan to consolidate its manufacturing operations, which includes closing its plant in Kansas City, Missouri. The biggest maker in... 
Dell Looking Into Acquisitions, Sale or IPO

Dell Looking Into Acquisitions, Sale or IPO

U.S. based computer maker Dell Technologies is exploring several options that could see the largest privately held tech company in the world grow even further via acquisitions or going public, said people who are familiar with this... 
United Continental Profit Beats the Street

United Continental Profit Beats the Street

United Continental Holdings, the United Airlines parent, posted its earnings late Tuesday afternoon that beat estimates on Wall Street. However, immediately after, shares plunged during trading after-hours at the time of an investor... 
Overhaul of U.S. Taxes Hits Earnings at UBS

Overhaul of U.S. Taxes Hits Earnings at UBS

Switzerland based bank UBS posted a 1.165 billion Swiss francs profit equal to $1.25 billion for the 2017 full year, weighed down in the fourth quarter by a write down that was related to the new tax overhaul in the U.S. Analysts were... 
Toronto’s Inclusion in Amazon List Could Increase Tension with Trump

Toronto’s Inclusion in Amazon List Could Increase Tension with Trump

Amazon.com Inc.’s inclusion of Toronto, the largest city in Canada on its list of 20 finalists for its second headquarters could increase tensions between the e-commerce behemoth and United States President Donald Trump. On Thursday,... 
U.S. Attempting to Reverse Tourism Problems

U.S. Attempting to Reverse Tourism Problems

A new coalition in the travel industry is urging the White House to help it stem a fall in the number of international visitors. More and more travelers around the world are skipping the U.S. prompting ten associations in the U.S.... 
Conde Nast Cuts Ties with Two Fashion Photographers

Conde Nast Cuts Ties with Two Fashion Photographers

Following disturbing reports published by The New York Times about photographers Mario Testino and Bruce Weber, Conde Nast, the publisher of Vogue, has cut ties with both men. In the Sunday edition of the newspaper a headline said... 
Puma to Be Spun Off By Kering to its Shareholders

Puma to Be Spun Off By Kering to its Shareholders

France-based Kering, which owns Gucci, is planning to spin off Puma its sports brand in Germany to the conglomerate’s shareholders in order to put more focus squarely on just its luxury brand. Kering announced Thursday its plans... 
Johnson & Johnson, Bayer Win $28 Million Verdict Reversal

Johnson & Johnson, Bayer Win $28 Million Verdict Reversal

A state court judge in Pennsylvania overturned a jury award on Tuesday of $27.8 million to a couple from Indiana who had accused Johnson & Johnson and Bayer AG of not warning of the risks of internal bleeding from Xarelto a drug... 
Alibaba And Shanghai AtHub To Partner On A Cloud Computing Project

Alibaba And Shanghai AtHub To Partner On A Cloud Computing Project

Chinese online retail giant Alibaba and Shanghai AtHub have announced that they will partner on a data center project dubbed HB33. Shanghai AtHub plans to invest approximately $134.26 million or 880 million yuan on the data center... 
Royal Dutch Shell And Barclays To Incur Huge Charges As Value Of Deferred Assets Fall

Royal Dutch Shell And Barclays To Incur Huge Charges As Value Of Deferred Assets Fall

Barclays Bank and Royal Dutch Shell have disclosed that the tax reforms carried out in the United States will see them take large charges. Royal Dutch Shell estimates that in Q4, tax-related charges for its U.S. business would reach... 
UnitedHealth To Acquire Chilean Health Insurer For $2.8 Billion

UnitedHealth To Acquire Chilean Health Insurer For $2.8 Billion

A purchase agreement has been signed by UnitedHealth Group with a view to launching an acquisition bid for Empresas Banmedica, a healthcare provider and health insurer based in Chile. UnitedHealth is expected to pay close to $2.8 billion... 
AT&T To Conduct 5G Trials In Magnolia Market

AT&T To Conduct 5G Trials In Magnolia Market

The Dallas, Texas-based telecommunications giant, AT&T, will be expanding the fixed wireless trials of 5G to Magnolia Market. Around 5,000 weekly visitors to the retail complex as well as employees at the site will start testing... 
Huawei To Sell Smartphones In The United States Through Carriers

Huawei To Sell Smartphones In The United States Through Carriers

Huawei, a Chinese mobile devices manufacturer, has announced that it will begin selling smartphones through mobile carriers in the United States in 2018. Currently Huawei is the third-largest handset seller in the world behind Apple... 
Verizon In New Live-Streaming Deal With The National Football League

Verizon In New Live-Streaming Deal With The National Football League

Telecommunications giant Verizon Communications has announced the signing of a live-streaming deal with the National Football League. The deal will see the telecommunications giant given the rights to live-stream both national and... 
Minnesota’s Incentive Offer To Amazon Not As Generous As Other States

Minnesota’s Incentive Offer To Amazon Not As Generous As Other States

Reports indicate that Minnesota’s state Legislature has promised Amazon that it will offer bigger incentives should the online retailer decide to up its second headquarters there. This is according to letters which had been sent... 
WorldLink Payment Services Of Citi Expanded To More Countries

WorldLink Payment Services Of Citi Expanded To More Countries

The cross-border ACH capabilities of WorldLink Payment Services have been expanded to 60 countries. Citi’s WorldLink now provides a worldwide cross-currency digital payments solution to 195 countries and in 135 currencies. At the... 
Visa’s Vice President Fired For Policy Violation

Visa’s Vice President Fired For Policy Violation

Visa Inc’s executive vice president in charge of strategic partnerships and innovation, Jim McCarthy, has been fired. The dismissal of McCarthy was announced by Ryan McInerney, the vice president that he reported to, in a memo that... 
Marketing And Refining Units Of Exxon Mobil To Be Merged

Marketing And Refining Units Of Exxon Mobil To Be Merged

Oil giant Exxon Mobil has announced that its marketing and refining divisions will be merged. This is part of the plans by the chief executive officer of the company, Darren Woods, to overhaul the refining operations of Exxon Mobil... 
Nestle To Bid For The Consumer Health Unit Of Merck KgaA

Nestle To Bid For The Consumer Health Unit Of Merck KgaA

Nestle is preparing a tentative bid for the consumer health unit of Merck KgaA in conjunction with the Stada’s private equity owners. JPMorgan, the financial adviser to Merck, has sent out a solicitation for bids of the unit whose... 
Shell To Install Fast-Speed Charging Points At Some Of Its European Stations

Shell To Install Fast-Speed Charging Points At Some Of Its European Stations

Anglo-Dutch oil giant Shell has revealed that it will collaborate with carmakers to provide high-speed charging points in ten countries in Europe for electric cars. Royal Dutch Shell will form the partnership with Ionity, an operator... 
Cerner And Amazon Web Services To Collaborate On Population Health

Cerner And Amazon Web Services To Collaborate On Population Health

A partnership between Amazon and Cerner Corp is expected to be announced this week. According to CNBC, Amazon Web Services’ chief executive officer, Andy Jassy, intends to make the announcement during the re:Invent conference where... 
Facebook In Danger Of Getting Blocked In Russia Over Data Storage Laws

Facebook In Danger Of Getting Blocked In Russia Over Data Storage Laws

Facebook may be prevented from offering its services to Russians unless the social media company abides by the country’s data storage laws. Alexander Zharov, who heads Russia’s telecommunications watchdog disclosed that executives... 
Skype No Longer Available On Apple’s App Store In China

Skype No Longer Available On Apple’s App Store In China

Apple has disclosed that several apps have been removed from its Chinese app store after the government said that local laws had been violated. The apps include the messaging and internet phone call app developed by Microsoft known...