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Image for Barclays Charged in Qatar Fund Raising Along With Former Executives

Barclays Charged in Qatar Fund Raising Along With Former Executives

Barclays Bank, along with a former CEO and three former senior managers were charged with criminal counts on Tuesday related to agreements reached by the bank with Qatar, as it looked to avoid a bailout by the government during the... More of this article »
Image for Lockheed Close to Signing Deal with 11 Countries to Sell F-35 Jets

Lockheed Close to Signing Deal with 11 Countries to Sell F-35 Jets

Lockheed Martin Corp. is nearing the final stages of a deal that is worth over $37 billion to sell 440 F-35 fighter jets to 11 countries including the U.S. said a pair of sources aware of the talks. It would represent the biggest deal... More of this article »
Image for Federal Government Investigating Booz Allen Hamilton

Federal Government Investigating Booz Allen Hamilton

Booz Allen Hamilton the huge U.S. contractor who is at the center of a high-profile disclosures of sensitive classified information, said late this week it was under both civil and criminal investigation for possible irregularities... More of this article »
Image for FDA Approves Lower Cost Alternative to the EpiPen

FDA Approves Lower Cost Alternative to the EpiPen

Regulators from the U.S. Food and Drug Administration approved competition for the emergency allergy medicine EpiPen that put Mylan into the spotlight for pharmaceutical greed. This week the FDA approved a product from Adamis Pharmaceuticals... More of this article »
Image for Nike Eliminating 2% of Global Workforce

Nike Eliminating 2% of Global Workforce

Nike announced its new business structure that amongst other changes will involve the cutting of 2% of its global workforce. In a prepared statement on Thursday, the sports apparel retailer said that Nike’s organizational and leadership... More of this article »
Image for Smaller Stores and VR Could Be Ikea’s Future

Smaller Stores and VR Could Be Ikea’s Future

Swedish retailer Ikea is embarking on a number of experiments in retail along with technological innovations that it is hoping will keep its shoppers returning. The emphasis on experimenting comes as many retailers, especially those... More of this article »
Image for Yahoo Deal Closed by Verizon, Mayer Ends Tenure

Yahoo Deal Closed by Verizon, Mayer Ends Tenure

Verizon Communications said Tuesday that it had closed its acquisition of $4.48 billion of Yahoo Inc.’s core business. Verizon also announced that CEO of Yahoo Marissa Mayer had resigned. The completion of this acquisition represents... More of this article »
Image for Hyundai Motor Betting on Small SUV as Sales Drop in China

Hyundai Motor Betting on Small SUV as Sales Drop in China

Hyundai Motor unveiled its first subcompact SUV Kona for its advanced markets that include Europe, the United States and South Korea. The carmaker is attempting to offset dropping sales across China and catch up to rivals in this segment. The... More of this article »
Image for Uber Considering Leave of Absence for CEO

Uber Considering Leave of Absence for CEO

The board at Uber, the ride-hailing startup, in the face of accusations that its executives turned their back to corporate misbehavior including sexual harassment, moved Sunday to shake the leadership of the company up prior to the... More of this article »
Image for Michael Kors the Handbag Maker Posts Strong Growth in Sales

Michael Kors the Handbag Maker Posts Strong Growth in Sales

Michael Kors Holdings posted revenue for the quarter that increased close to 11%, its strongest growth in revenue in nearly a year, as the demand for the designers’ handbags as well as accessories increased across the Americas while... More of this article »
Image for Profit at Scotiabank Falls by 12%, Energy Loans Hurt

Profit at Scotiabank Falls by 12%, Energy Loans Hurt

The third biggest bank by assets in Canada, Bank of Nova Scotia, posted a profit for its fiscal second quarter Tuesday that was 12% lower compared to the same period one year ago because of a charge for restructuring and larger reserves... More of this article »
Image for France Goes After McDonald’s and Google

France Goes After McDonald’s and Google

France will do everything in its power to ensure that the multinationals operating in the country pay taxes. The government said additional cases could follow after McDonald’s and Google were targeted with tax raids, said Michel... More of this article »
Image for Oil Services Company Preparing Second Bankruptcy in Past Nine Months

Oil Services Company Preparing Second Bankruptcy in Past Nine Months

Things have become so bad across the oil industry in 2016 that one company in the drilling services sector is preparing to file a second bankruptcy in the past nine months. Hercules Offshore filed last August for Chapter 11 bankruptcy... More of this article »
Image for GDP for First Quarter in U.S. Revised Up

GDP for First Quarter in U.S. Revised Up

The economy in the U.S. during the first three months of 2016 experienced a slowdown that was not as pronounced as initially thought. Recent data has pointed to an increase for growth during the spring. The Gross Domestic Product is... More of this article »
Image for Sears Exploring Its Options for Diehard, Craftsman and Kenmore Brands

Sears Exploring Its Options for Diehard, Craftsman and Kenmore Brands

The unprofitable chain of department stores company Sears Holding, controlled by Edward Lampert the manager of a hedge fund, is planning to consider its options for its Diehard, Kenmore and Craftsman brands along with its repair business... More of this article »
Image for Royal Dutch Shell Slashing 2,200 More Jobs

Royal Dutch Shell Slashing 2,200 More Jobs

Royal Dutch Shell will cut a minimum of 2,200 more jobs in different parts of its company around the world. The job cuts are due in a large part to the takeover by Shell of BG Group the gas and oil exploration company and the extended... More of this article »
Image for Sony Annual Profit Hit by Damage from Earthquake

Sony Annual Profit Hit by Damage from Earthquake

On Tuesday, Sony Corporation based in Japan forecast earnings for this year that were weaker than had been expected after it had to partially halt production of its image sensors in April to make an assessment of the damage in its... More of this article »
Image for VietJet Orders 100 New Boeing Planes for over $11.2 Billion

VietJet Orders 100 New Boeing Planes for over $11.2 Billion

VietJet, based in Vietnam, announced on Monday it had agreed to order 100 737 MAX 200 Boeing jets that were worth $11.2 billion at Boeing’s list prices. That makes it one of the fastest growing, Southeast Asia low cost carriers. The... More of this article »
Image for Dick’s Sporting Goods Sees Profit Drop 10%

Dick’s Sporting Goods Sees Profit Drop 10%

Dick’s Sporting Goods posted strong growth in sales in its most recently ended quarter, but gave an assessment that was downbeat for the rest of the year as it is contending with closeout sales from its rivals. Sales at its existing... More of this article »
Image for Gap Woes Continue, Old Navy Leaves Japan

Gap Woes Continue, Old Navy Leaves Japan

Shoppers in Japan will have to shop elsewhere. Gap Inc is shuttering every one of its 53 Old Navy stores in Japan before the end of 2016. The retailer is giving ground in the third largest economy in the world, to fashion brands from... More of this article »
Image for Colombian Dispute with Novartis Could Cause Problem with U.S.

Colombian Dispute with Novartis Could Cause Problem with U.S.

Officials in Colombia have become concerned that their dispute with Novartis the Swiss drug maker over the price and patent of a groundbreaking new cancer treatment might escalate and could threaten funding from the United States for... More of this article »
Image for Suzuki Admits to Improper Tests on Fuel Economy, Denies Cheating

Suzuki Admits to Improper Tests on Fuel Economy, Denies Cheating

On Wednesday, Suzuki Motors announced that it used methods, to determine fuel economy of 16 different vehicles that was improper. The vehicles were all for the Japan market. The admittance adds to a growing list of automakers, which... More of this article »
Image for Profit Climbs at Vodafone, While Revenue Slips

Profit Climbs at Vodafone, While Revenue Slips

Vodafone Group’s £19 billion or $27.4 billion bet is beginning to finally pay off. Vodafone, the second largest worldwide mobile carrier trailing only China Mobile, posted on Tuesday its first organic growth for the full year in... More of this article »
Image for Berkshire Hathaway Now Holds Position of $1 Billion in Apple

Berkshire Hathaway Now Holds Position of $1 Billion in Apple

Berkshire Hathaway, the company owned and operated by Warren Buffet the legendary investor took a position of $1 billion in Apple, during the first quarter of 2016. The move comes as shares of the technology giant were battered amidst... More of this article »
Image for Trian Fund Management Sells Its Stake in PepsiCo

Trian Fund Management Sells Its Stake in PepsiCo

Nelson Peltz the activist investor who operated Trian Fund Management LP has sold Trian’s stake in PepsiCo three years after attempting an unsuccessful effort to break apart the snack and beverage behemoth. Peltz is the CEO at Trian... More of this article »
Image for J.C. Penney Stock Tanks on Unexpected Drop in Sales

J.C. Penney Stock Tanks on Unexpected Drop in Sales

Even the receive comeback retailer J.C. Penney was not spared from being slammed this spring by shoppers. The chain of department stores was the most recent to report weak comparable sales for the first quarter, posting a drop of 0.4%,... More of this article »
Image for Macy’s Sales for First Quarter Hurt on Weak Spending by Tourists

Macy’s Sales for First Quarter Hurt on Weak Spending by Tourists

Macy’s started this calendar year announcing the slashing of 4,500 jobs after a highly unusual weak holiday shopping season. Now it appears as if customers did not want to shop at the chain of department stores during the recently... More of this article »
Image for Krispy Kreme to Be Taken Over by Coffee Giant

Krispy Kreme to Be Taken Over by Coffee Giant

Krispy Kreme shareholders were given a caffeine boost on Monday after JAB Beech the coffee giant announced it was acquiring the doughnut maker. The investment firm based in Luxembourg, which owns Peet’s Coffee & Tea, Caribou... More of this article »
Image for Gains in U.S. Payrolls Slow Down During April

Gains in U.S. Payrolls Slow Down During April

The labor market in the U.S. decelerated during April, a new sign that employers might be becoming cautious after the slowdown in the economy earlier this year. During April nonfarm payrolls increased 160,000, said the Labor Department... More of this article »
Image for AB InBev Starts 2016 Weak Due to Slump in Beer Across Brazil

AB InBev Starts 2016 Weak Due to Slump in Beer Across Brazil

Anheuser-Busch InBev, the largest brewer in the world, is set to grow its global leadership in beer even more through its acquisition of SABMiller, reported earnings that were lower than had been expected during its first quarter after... More of this article »
Image for SABMiller and Coca-Cola Reach Deal Over Bottling Merger in South Africa

SABMiller and Coca-Cola Reach Deal Over Bottling Merger in South Africa

Coca-Cola and SABMiller struck a new deal with the government of South Africa to help push a long pending merger through of their bottling operations across Africa. In November of 2014, Coca-Cola entered into a deal with SABMiller... More of this article »
Image for BMW Posts Drop in Profit As Prices Fall Due to Competition

BMW Posts Drop in Profit As Prices Fall Due to Competition

BMW AG posted a drop in profit by 2.5% during its first quarter as prices of its cars fell amidst a battle with Germany luxury carmaker Mercedes Benz to keep its status as the biggest maker of luxury vehicles in the world. The price... More of this article »
Image for CEO of Chobani Ensures Employees Will Share in Success of Company

CEO of Chobani Ensures Employees Will Share in Success of Company

Chobani Greek yogurt has been said to be rich in protein and flavor and now some of its employees could become rich. CEO and founder of Chobani Hamdi Ulukaya has announced that he was giving all 2,000 of his full time workers awards... More of this article »
Image for Microsoft Says Cortana is for Bing and Edge Searches Only

Microsoft Says Cortana is for Bing and Edge Searches Only

This week Microsoft started blocking rival browsers as well as search providers from using the Cortana search box in Windows 10. Cortana is the prime search area for the operating system. Microsoft on a post to its company blog said... More of this article »
Image for Sanofi Offers to Buy Medivation for $9.3 Billion

Sanofi Offers to Buy Medivation for $9.3 Billion

Sanofi the French drugmaker went public on Thursday with its offer of $9.3 billion to acquire U.S. cancer company Medivation after the company had rebuffed original approaches. The plan to target Medivation returns Sanofi the biotech... More of this article »
Image for Mitsubishi Motors: Used Mileage Methods that Were Non-Compliant for 25 Years

Mitsubishi Motors: Used Mileage Methods that Were Non-Compliant for 25 Years

On Tuesday, Mitsubishi Motors announced that it has been using testing methods for fuel economy that did not comply with regulations in Japan for the past 25 years. That was much longer than originally thought. The automaker said it... More of this article »
Image for Microsoft and Google Agree To Stop Their Regulatory Battles

Microsoft and Google Agree To Stop Their Regulatory Battles

Microsoft and Google have come to an agreement to end their regulatory battles that have been going on for years and to stop making complaints to government agencies with regard to the other. Microsoft has been one of the companies... More of this article »
Image for Mitsubishi Motors Stock Ready to Drop to New Record Low

Mitsubishi Motors Stock Ready to Drop to New Record Low

On Thursday, shares of Mitsubishi Motors were not traded as they were swamped with massive sell orders and were ready to hit a new record low after the automaker based in Japan admitted to manipulating data on fuel economy. The sixth... More of this article »
Image for Amazon Launches Monthly Memberships for Prime Video

Amazon Launches Monthly Memberships for Prime Video

For a number of years, Amazon has been building its credentials in Hollywood with acclaimed shows like Mozart in the Jungle and Transparent in its effort to unseat the king of TV streaming – Netflix. Now the giant of e-commerce is... More of this article »
Image for Skype and Nokia Top Executives Invest in Finland Food App

Skype and Nokia Top Executives Invest in Finland Food App

Even with huge billion dollar players already in the food delivery industry, the food delivery app Wolt based in Helsinki has be able to raise over $11 million fresh funding from wealthy Nordic investors that include the Skype founder... More of this article »
Image for Vine Releases Watch Button Since Scrolling is Harder Work

Vine Releases Watch Button Since Scrolling is Harder Work

Twitter’s social network Vine that has turned into an entertainment platform, has announced a new way of see content on its app. The company has introduced the “watch” button, which allows users to watch an account or channel... More of this article »
Image for Chrysler Furloughing 1,300 at Factory Near Detroit as Sales Fall

Chrysler Furloughing 1,300 at Factory Near Detroit as Sales Fall

Dropping sales of the main midsize vehicle of Fiat Chrysler have pushed to the automaker into indefinite layoffs of 1,300 employees at a factory near Detroit. Workers at the second shift at the assembly plant of Fiat Chrysler located... More of this article »
Image for Fashion Retailer H&M to Open 4,000 More Stores

Fashion Retailer H&M to Open 4,000 More Stores

Karl-Johan Persson the CEO at Hennes & Mauritz forecast that the clothier would more than double the number of stores it has, to close the gap between itself and it bigger rival Spain’s Inditex, and as online giant Amazon.com... More of this article »