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Facebook Continues Making Money Despite Controversy

Facebook Continues Making Money Despite Controversy

People continue joining and signing in to Facebook and that means the social media giant continued to rake in large sums of money through selling ads regardless of a privacy scandal. The earnings report released by the social media... 
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... 
China Responds to Trump Duties With Ones of Its Own

China Responds to Trump Duties With Ones of Its Own

On Monday, China responded to the duties on aluminum and steel U.S. President Donald Trump implemented by raising the import duties on U.S. fruit, pork and other products valued at more than $3 billion. The move comes as companies... 
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... 
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,... 
Sources: Lloyds Bank Follows U.S. Banks Lead Banning Bitcoin Purchases with Credit Cards

Sources: Lloyds Bank Follows U.S. Banks Lead Banning Bitcoin Purchases with Credit Cards

Lloyds Banking Group became the first lender in Britain to ban its customers from purchasing bitcoin as well as other types of cryptocurrencies with their credit cards. The report was first made by a British daily that said Lloyds... 
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... 
Report: ATMs Spitting Out Cash for Hackers

Report: ATMs Spitting Out Cash for Hackers

Hackers can now make ATMs give them cash like it were coming out of a slot machine and they have started to operate in the U.S. This has marked the arrival of the attacks dubbed “jackpotting” that were widespread in both Asia and... 
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... 
Viacom And Cisco Partner To Optimize Video Distribution Network

Viacom And Cisco Partner To Optimize Video Distribution Network

Cisco and Viacom have inked a deal which will see them collaborate in building a video network foundation which will be used in enhancing Viacom’s premier branded content on multiple platforms in the Caribbean, Mexico, Canada and... 
Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

Renault-Nissan Alliance In Joint EV Venture With Dongfeng Motor Corp

The alliance between Renault and Nissan has announced that it is planning to produce electric cars in China in partnership with Dongfeng Motor Corp, a Chinese automaker. The new partnership will be known as eGT New Energy Automotive.... 
Volkswagen Microbus Coming Back To Market

Volkswagen Microbus Coming Back To Market

Volkswagen Group has announced plans to revive its popular microbus as an electric vehicle. The old microbus was among the most recognizable Volkswagens in the brand’s 1960s hippie heyday. The company made the announcement at... 
Target Records Sales Increase In Latest Quarter

Target Records Sales Increase In Latest Quarter

Target Corp.’s (NYSE:TGT) efforts to revamp its business showed signs of success in its latest quarter. Target reported a profit of $672 million, or $1.22 a share, compared with $680 million, or $1.16 a share, a year earlier.... 
Judge Rules Against Costco In ‘Tiffany’ Rings Case

Judge Rules Against Costco In ‘Tiffany’ Rings Case

A federal judge has ruled against Costco (NASDAQ:COST) in a case that accused the company of illegally using the Tiffany & Co. (NYSE:TIF) brand in conjunction with ring sales and marketing. The judge ruled that Costco must pay... 
Chinese App Colorful Balloons Reportedly Developed By Facebook

Chinese App Colorful Balloons Reportedly Developed By Facebook

Facebook Inc. (NASDAQ:FB) has reportedly launched a new photo-sharing app called Colorful Balloons in China. The app allows users to share photos with friends and family members. The app was launched in May. Paul Mozur of The New... 
Disney To Launch Its Own Streaming Services

Disney To Launch Its Own Streaming Services

The Walt Disney Company (NYSE:DIS) is launching two Netflix-style streaming services in a bid to address the pressure on its television business. Disney reported a slight decline in revenue and a 9 percent drop in net income for its... 
Fully Automated Flights On The Horizon

Fully Automated Flights On The Horizon

Fully automated flights are getting closer to becoming a reality. A report recently released by investment bank UBS stated, “Technically speaking, remotely controlled planes carrying passengers and cargo could appear” by around... 
Boeing Reaches Deal To Provide New Presidential Aircraft

Boeing Reaches Deal To Provide New Presidential Aircraft

Boeing Co. (NYSE:BA) has been awarded the Air Force contract to build two 747s that will become future Air Force One aircraft. The aerospace giant will sell the U.S. Air Force two commercial 747-8 jetliners that will be modified into... 
Teva Pharmaceutical Misses Q2 Profit Estimates

Teva Pharmaceutical Misses Q2 Profit Estimates

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) reported second quarter results that missed analysts’ estimates. In the second quarter, profit, excluding some costs, dropped to $1 billion from $1.23 billion a year earlier. That was... 
Apple Loses Bid To End FaceTime Lawsuit

Apple Loses Bid To End FaceTime Lawsuit

Apple’s (NASDAQ:AAPL) motion to dismiss a lawsuit related to disabling FaceTime on iOS 6 and earlier software versions has been denied. United States district judge Lucy Koh denied the motion, allowing the case to proceed as... 
Pokemon Go Fests Scheduled For Europe Delayed

Pokemon Go Fests Scheduled For Europe Delayed

Niantic Labs is postponing a number of its planned Pokemon Go Fests in Europe. The studio announced that its European events scheduled for next month will be moved to a later date in fall. Niantic is saying it needs more time “to...