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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... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
Wal-Mart Selling Chinese Online Business To JD.com
Wal-Mart Stores Inc. (NYSE:WMT) has announced its intentions to sell its online business in China to JD.com, the country’s largest e-commerce site when measured by revenue and second largest by market share. As part of the deal,... More of this article »
More Staff Cuts Hit Bank Of America Consumer Banking Division
Bank of America (NYSE:BAC) has announced its intentions to cut thousands of additional employees from its consumer banking workforce. Since 2009, the bank has reduced the number of employees in that division nearly 40 percent, with... More of this article »
Tesla Under Fire For Suspension Issues
The National Highway Traffic Safety Administration’s is reportedly investigating Tesla (NASDAQ:TSLA) over a potential safety issue in the company’s Model S sedans. The safety regulator is examining the Model S suspension system... More of this article »
Wendy’s Cyber Attack Hit More Restaurants Than Previously Disclosed
The Wendy’s Co. (NASDAQ:WEN) has revealed that recently discovered malicious malware has infected considerably more than the 300 locations previously disclosed as being breached. The malware was initially discovered on the point... More of this article »
Airbnb Tackles Negative Press With Diversity Push
Airbnb has been in the news a lot in the past few months and little of it has been good news. Last week, the company was in the news when an Airbnb host in North Carolina used racist language to tell a woman who had just booked a room... More of this article »
Wal-Mart Takes On Amazon With Grocery Delivery Service
Wal-Mart Stores Inc. (NYSE:WMT) has decided to directly challenge Amazon (NASDAQ:AMZN) in the grocery arena by adding store to door delivery service in select areas of the country. Before the start of its annual meeting on Friday,... More of this article »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »