Latest News

Mylan Under Fire For Creative Accounting Of EpiPen Profits

The currents swirling around the steep price increases on Mylan NV’s (NASDAQ:MYL) lifesaving EpiPen drug just got a little deeper for the company’s embattled CEO. When the company’s chief executive Heather Bresch testified before a congressional committee last week, it was claimed that Mylan’s profit on a $608 two-pack of the injectors was just $100. […]

Catch The General Election Debates On Twitter

Twitter (NYSE:TWTR) has formed a partnership with Bloomberg Media to livestream the general election debates. Bloomberg Media is Twitter’s exclusive streaming partner for the debates. Bloomberg Media CEO Justin B. Smith said in a statement, “We are thrilled to extend our partnership with Twitter to include our coverage of the U.S. presidential debates during this […]

Allergan Announces Pair Of Acquisitions

Allergan Plc. (NYSE:AGN) announced a pair of acquisitions on Tuesday, both of companies developing treatments for liver disease. Allergan changed its dealmaking strategy following the collapse of its planned $160 billion merger with Pfizer Inc. Now, the company is focusing on acquiring small and mid-sized assets. The company will hold a conference call Wednesday, September […]

Johnson & Johnson Inks Deal For Abbott Eye Health Unit

Johnson & Johnson has reached an agreement to buy the eye health unit of Abbott Laboratories for about $4.3 billion in cash. The unit, called Abbott Medical Optics, makes eye drops and contact lens cleaners, as well as equipment used for cataract surgery and laser vision correction procedures. Abbott bought the business for $2.8 billion […]

Monsanto Agrees To Bayer’s Takeover Bid

Monsanto Co. (NYSE:MON) has reached an agreement for Bayer AG to buy the company in an all-cash deal worth about $66 billion. The deal will marry two of the world’s top farm suppliers. Details of the merger agreement is to be revealed by next week. The companies expect the deal to be closed by the […]

Weight Watchers On The Search For New CEO

Weight Watchers (NYSE:WTW) chief executive James Chambers has announced that he will resign at the end of September. According to a statement from the company, he and the board of directors made a “joint decision” that he should leave after three years on the job. Chief Financial Officer Nicholas Hotchkin and directors Thilo Semmelbauer and […]

Aeropostale Selling Business To Mall Group

Teen clothing retailer Aeropostale Inc. (AROPQ) will be selling its assets to a partnership of mall owners after receiving permission from the court for the deal. The group won a Sept. 2 auction for the business with a bid of $243 million. U.S. Bankruptcy Judge Sean Lane approved the sale in Manhattan court Monday. The […]

HP Inc. To Pay $1.05B For Samsung’s Printing Business

HP Inc. (NYSE:HPQ) has announced that it has reached an agreement to purchase Samsung’s printing business in a deal worth $1.05 billion. With the acquisition, HP gets Samsung’s laser printing technology and around 6,500 printing technology patents. The sale is expected to take place after Samsung’s printer business completes its spinoff on November 1 and […]

Chipotle Settles Illness Claims Of 100+ Customers

Chipotle Mexican Grill (NYSE:CMG) has reached financial settlements with more than 100 customers who were sickened by foodborne illness outbreaks at the chain last year. Lawyers for the consumers announced the settlements. The terms of Chipotle’s settlements with customers are confidential, according to the lawyers representing them. Last year’s string of food-safety problems created a […]

Hewlett-Packard Enterprise Sells Software Unit

Hewlett-Packard’s Enterprise’s software unit has officially been sold in an $8.8 billion deal. Micro Focus is the other party to the transaction. The new combined company will continue under the name Micro Focus. The transaction is expected to be completed by the second half of HPE’s fiscal year 2017. The assets included in the transaction […]

Intel To Receive $3.1B For McAfee Deal

Intel (NASDAQ:INTC) is selling off a majority stake in its McAfee unit. Intel is receiving $3.1 billion in cash as part of the deal. Once the deal is complete, investment firm TPG will own a 51 percent stake in the new McAfee company. Intel will own the remainder. The deal is expected to close in […]

Bayer Sweetens Monsanto Offer, Raising Per Share Price

Bayer AG (BAYRY) has raised its offer to buy Monsanto Co. (NYSE:MON) from its previous offer of $125 a share to $127.50 a share. The deal would create a global firm well positioned to help farmers around the world produce food for a growing population. Monsanto is currently the world’s largest supplier of crop seeds […]

PepsiCo Launches Organic Gatorade

PepsiCo’s (NYSE:PEP) latest version of Gatorade is certified organic by the U.S. Department of Agriculture. The USDA ensures organic products are more natural and less harmful to the environment. The new product, called G Organic, contains seven ingredients total: water, organic cane sugar, citric acid, organic natural flavor, sea salt, sodium citrate and potassium chloride. […]

Campbell Soup Misses Estimates For Fourth Quarter

Campbell Soup Co. (NYSE:CPB) reported a smaller-than-expected quarterly adjusted profit for its fiscal fourth quarter. The net loss attributable to Campbell Soup was $81 million in the quarter. The company earned $17 million a year earlier. On an adjusted basis, Campbell Soup earned 46 cents per share. This was lower than analysts’ average estimate of […]

Facebook Dismisses Concerns It’s Becoming A Media Company

Facebook Inc. (NASDAQ:FB) is denying that it will ever become a media company, despite its recent forays into the media industry. CEO Mark Zuckerberg said that the firm would remain a technology platform and had no ambitions to become a content provider. The topic came up as part of his live-streamed Q&A session on Monday. […]

Chipotle Using Free Food To Draw In Customers

Chipotle Mexican Grill Inc. (NYSE:CMG) is hoping that the allure of free food will bring customers back into its stores. The chain has given away millions of free burritos so far this year. From February to May, the company gave away roughly $70 million in free-food coupons. The company launched a loyalty program called Chiptopia […]

Cheaper Version Of EpiPen Coming From Mylan

After a huge backlash against Mylan (NASDAQ:MYL) over hiking the price of the lifesaving EpiPen, the company has announced that it will soon be releasing a cheaper generic version of the device. The EpiPen provides a rapid injection of epinephrine to counter anaphylactic shock occurring from allergic reactions to a bee sting, peanut allergy or […]

Anheuser-Busch InBev To Slash Jobs After Merger

Anheuser-Busch InBev has announced that roughly 3 percent of its combined workforce will be cut after the acquisition of rival SABMiller is completed. That would total about 5,500 jobs, based on both companies’ current workforce rolls. SABMiller employs some 70,000 people and AB InBev more than 150,000. The company expects the potential job losses to […]

Disney Movies Coming Exclusively To Netflix

Netflix, Inc. (NASDAQ:NFLX) has inked an agreement with Walt Disney Co (NYSE: DIS) to put Disney’s content on the streaming platform next month. The deal gives Netflix exclusive access to stream Disney’s theatrical releases, including “Zootopia,” “The Jungle Book,” and “Captain America: Civil War.” The deal is estimated to be worth about $300 million a […]

Mylan’s EpiPen Price Hike Sparks Widespread Anger

Mylan NV’s (NASDAQ:MYL) 400 percent price hike for the EpiPen has raised the ire of consumers that depend on the product’s life-saving capabilities. The company’s EpiPen is a mainstream drug used to treat life-threatening allergic reactions. Mylan has increased the price for the product from about $57 a shot in 2007 to more than $600 […]

Anheuser-Busch Extends Partnership With Craft Brew Alliance

Anheuser-Busch InBev (NYSE:BUD) has renewed its business agreement with Craft Brew Alliance (NASDAQ:BREW) for another ten years. The agreement maintains a distribution agreement and lay out plans for future expansion. The agreement will strengthen the companies’ long-term relationship and create new growth opportunities for both companies. Craft Brew Alliance brews, brands and markets some of […]

Pfizer Inks Deal For Medivation Acquisition

Pfizer Inc. (NYSE:PFE) reports that it has reached an agreement to buy biotech company Medivation Inc. for about $14 billion. According to the terms of the deal, Pfizer will pay $81.50 a share for the company, a 21 percent premium over Medivation’s closing stock price Friday. Pfizer said it plans to finance the transaction with […]

Deere & Co. Surprises Many With 3rd Quarter Profit

Deere & Co. (NYSE:DE) reported a better-than-expected fiscal third-quarter profit, surprising investors and analysts alike. The company reported that net income rose to $1.55 cents a share in the three months through June, up from $1.53 a year earlier. That was considerable higher than the 94-cent average expected by analysts polled by Bloomberg. The company […]

Staples’ Sales Slide Continues

Slowing sales are continuing to affect Staples’ (NASDAQ:SPLS) bottom line. Staples posted a loss of $766 million, or $1.18 per share, for the second quarter of its fiscal year. In the same period a year ago, the company posted net income of $36 million, or 6 cents a share. The office supply giant said sales […]

Aetna Exiting Most Affordable Care Act Exchanges

Aetna Inc. (NYSE:AET) has announced plans to reduce its presence in the Affordable Care Act exchanges and cancel a planned expansion. On Monday, the company announced that it will withdraw from 11 of the 15 state exchanges where it sells marketplace plans. Aetna cited growing financial losses and structural problems with the exchange markets as […]

Delta Introduces All-Suite Business Class

Delta Air Lines (NYSE:DAL) has introduced the new all-suite Delta One business class for long-haul flights. The suites will not be an additional category on top of Delta One business class, but a replacement for it entirely for some long-haul flights. Customers won’t have to pay any more to fly in the suites than they […]

New Google Operating System Possibly On Horizon

It looks like Google (NASDAQ:GOOG) is creating a completely new operating system. The tech blog Android Police was one of the first to report on the existence of the OS. The project’s name is Fuchsia, but no one knows quite what it’s for. There has been no official announcement from Google and the company has […]

JCPenney Beats Second Quarter Estimates

JCPenney (NYSE:JCP) reported better-than-expected earnings for the second quarter of its fiscal year. The department store chain reported a 5 cent per-share loss on an adjusted basis. This translated to a loss of about $56 million in the last quarter. Analysts expected a 15 cent loss. The company reported a 41 cent loss in the […]

Wendy’s Sales Slow In Second Quarter

The Wendy’s Co. (NASDAQ:WEN) appears to be struggling with slowing sales growth. The company reported on Wednesday that same-store sales rose 0.4 percent in the second quarter. Analysts had expected 1.9 percent growth. Same-store sales rose 3.6 percent in the first quarter. Wendy’s had lower restaurant sales from company locations in the quarter due to […]

Amazon Offices In Japan Raided By Authorities

The offices of Amazon.com Inc. (NASDAQ:AMZN) were raided recently by Japanese antitrust regulators on suspicion of antitrust activity. Amazon Japan had allegedly gained an advantage over rival e-commerce sites by forcing retailers to set their prices lower on Amazon. Japan’s antimonopoly act contains provisions that prohibit companies from unreasonably restraining the trade of other companies […]

Delta Air Lines Outage Delays Flights Worldwide

Delta Air Lines (NYSE:DAL) reported flights were grounded Monday after a system outage at the company’s Atlanta hub. Delta stopped worldwide departures about 3 a.m. ET, a period that would have typically had 192 departures. Delta tweeted that its systems were “down everywhere.” Tens of thousands of people were left stranded around the globe The […]

Businesses Can Book Employee, Client Travel Through UberCentral

Uber has unveiled a new dashboard called UberCentral that lets businesses secure multiple Ubers at the same time. The dashboard is designed for both small business owners and those in charge of travel arrangements at larger companies. UberCentral is now available to users in the US and Canada. The service was formally launched by the […]

Amazon Announces Most Profitable Quarter To Date

Amazon.com Inc. (NASDAQ:AMZN) reported in its third consecutive record profit and its most profitable quarter to date on Thursday. Overall, Amazon posted a profit of 857 million, or $1.78 a share, for the second quarter. This compared with a profit of $92 million, or 19 cents a share, a year earlier. Amazon’s revenue jumped 31 […]

Caterpillar Beats Expectations With Q2 Earnings

Caterpillar Inc. (NYSE:CAT) reported second quarter earnings that were better than expected on Tuesday. Caterpillar reported second-quarter net profit of $550 million, down from a revised $802 million a year earlier. The heavy machinery maker reported $1.09 in earnings per share, excluding restructuring costs. This was higher than analysts’ expectations of 96 cents, but lower […]

AB InBev Raises Bid For SABMiller

Anheuser-Busch InBev (NYSE:BUD) raised its bid for rival brewer SABMiller in an attempt to quash investor dissent. In the light of exchange rate volatility and market movements, the company raised its bid to 45 pounds a share, up from 44 pounds in October. AB InBev said the revised terms were final. Under British law, that […]

Sprint Beats Expectations For Second Quarter

For the second quarter, ended June 30, Sprint Corp. (NYSE:S) posted a loss of $302 million, or 8 cents a share. Last year in the same quarter, the company lost $20 million, or a penny a share. Sprint’s revenue slid less than expected in the quarter. The company reported revenue of $8.01 billion for the […]

Microsoft Offering New Service For Booking Appointments

Microsoft (NASDAQ:MSFT) is launching a new self-service appointment booking service for its Office 365 Business Premium users. The new service, called Bookings, lets business owners to create their own scheduling page, and then let potential customers look at a list of prices, and then schedule time for an appointment with a list of employees. The […]

Fiat Chrysler Facing Investigations Into Its Sales Reporting

Fiat Chrysler Automobiles NV (NYSE:FCAU) announced in a statement that federal investigators are examining its U.S. sales reporting practices. The automaker said in its statement that it is “cooperating with an (U.S. Securities and Exchange Commission) investigation into the reporting of vehicle unit sales to end customers in the U.S.” The Department of Justice is […]

Warner Bros. Video Game Review Scandal Settled With FTC

Warner Bros. (NYSE:TWX) recently agreed to settle charges from the Federal Trade Commission that accused the company of failing to disclose paying prominent YouTubers for positive coverage of one of its video games. The Federal Trade Commission claims that the publisher was paying YouTubers to positively review the game Middle-earth: Shadow of Mordor without requiring […]

Tesla Crashes Spark Investigation Into Autopilot

The first fatality occurring in a semi-automated car was reported this summer. At the end of June, Tesla Motors Inc. (NASDAQ:TSLA) revealed in a blog post that the National Highway Traffic Safety Administration had begun an investigation into the company’s Autopilot system following a fatal crash in Florida on May 7. In that incident, Ohio […]

Amazon Prime Day 2016 Launches At Midnight Tonight

The second annual Amazon Prime Day begins at midnight tonight for the millions of Amazon Prime members around the world. In addition to the U.S., shoppers in Spain, Japan, France, Canada and the U.K. can participate. The company said the sale will be the “biggest global Amazon event ever.” Amazon (NASDAQ:AMZN) is promising more than […]

More Than 1000 Restaurants Hit In Wendy’s Hack

The Wendy’s Co. (NASDAQ:WEN) revealed Thursday that a recent hack attack was much wider than initially believed. A year-long attack on point-of-sale systems at franchisee-owned Wendy’s is now suspected of affecting 1,025 locations overall. That is more than three times the number announced as affected in May. Malware installed on the locations’ point of sale […]

Kylie Jenner Cosmetics Company ‘F’ Rating Removed By BBB

Kylie Jenner‘s Kylie Cosmetics recently received an ‘F’ rating from the Better Business Bureau due to the large number of customer complaints received by the bureau. Earlier this week, the BBB announced the company had received its lowest possible rating due to its poor business practices and customer service. Now, that rating has apparently been […]

Get Ready To Pay More For Your Starbucks…Again

Starbucks Corp. (NASDAQ:SBUX) fans are getting ready to pay more for their coffee drinks. Starbucks has announced on the company website that it will be implementing “a small price increase on select beverages” that will be launched on July 12. The company has not specified exactly what drinks will go up in price. Prices for […]

Layoffs Coming To Murray Energy Corp. This Fall

The St. Clairsville, Ohio-based Murray Energy Corporation is planning for a massive number of layoffs to occur in September. The company says it issued the notices for its operations in Ohio, West Virginia, Illinois, Kentucky, Utah and Pennsylvania. According to the warning, as many as 82 percent of the company’s workers, or about 4,400 employees, […]

Nearly 200 LendingClub Employees To Lose Jobs

Online lending company LendingClub (NYSE:LC) has announced that it will lay off 179 employees, or 12 percent of its workforce, as a response to difficult market conditions. The lender reported the layoffs in a securities filing early Tuesday. The company also announced that it planned to spend $9 million in the quarter to increase incentives […]

Medtronic Announces Deal For HeartWare

Medtronic Plc. (NYSE:MDT) has announced its intentions to buy HeartWare International Inc. (NASDAQ:HTWR) for about $1.1 billion. Medtronic will pay $58 a share in an all-cash transaction, according to a statement made on Monday. Both boards unanimously approved the deal, which is expected to close during its second quarter, which ends on Oct. 28. The […]

Uber Surge Pricing Notifications Going Away

Uber has announced that it is implementing a new upfront pricing policy to mitigate the effects of surge pricing on the business. Uber’s product team has been testing the idea in select cities throughout the U.S. and India since April. The new upfront pricing has now been made available in Miami, San Diego and Philadelphia, […]

Customers Unhappy With Costco Visa Card Rollout

Last year, Costco Wholesale Corporation (NASDAQ:COST), the world’s largest wholesale club, announced it would be ending its 16-year relationship with American Express. A dispute over card fees was at the heart of the matter. Costco switched from American Express to Visa on Monday. All accounts were supposed to have been transferred from American Express to […]

Wellness Benefits Disappearing From Workplaces

A survey from the Society for Human Resource Management shows that a number of wellness benefits have been slowly disappearing from the workplace landscape. Now in its 20th year, the SHRM survey polled 3,490 H.R. professionals at companies of various sizes in a wide range of industries. The survey now covers about 330 benefits, compared […]