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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 »
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 »
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 »
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 »
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 »
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 »
Tesla Model 3 Pre-Orders Nearing 300,000, Stock Falls After The Market Close (TSLA)
Tesla Motors (NASDAQ:TSLA) continues it roll with the upside no where in sight, or is there? Shares of Tesla stock jumped Friday, gaining $7.82, or 3.4 percent, to close at $237.59, after the company introduced the long awaited “more... More of this article »
GDP Revised and Increases, Corporate Profits Down
Gross domestic product increased at a 1.4 percent annual rate instead of the previously reported 1.0 percent pace, the Commerce Department said on Friday in its third GDP estimate. GDP growth was initially estimated to have risen at... More of this article »
Starbucks Teams up with Feeding America With Aim to Donate All of its Unused Food Within the Next Year
Let’s cut to the chase: Starbucks has just announced a plan to donate all of its leftover food to the hungry. On Tuesday, the company said it has set a goal to contribute all of its leftover food to the social advocacy program... More of this article »
Groups Move to Address Minimum Wage Increase In New York State
With less than a week and a half until its final agreement due date, advocacy groups in Albany have improved efforts to increase the Empire State’s minimum wage to $15 an hour as part of the budget. Of course, many nonprofit... More of this article »
Huntington Ingalls CEO Mike Petters To Donate Whole of Annual Salary to Education Fund
During a time when many are outwardly expressing concern over corporate irresponsibility, at least one CEO is making an effort to change the conversation; by changing his perspective. The president and Ceo of the shipbuilding company... More of this article »
Americans More Confident In Retirement Than Three Years Ago
According to the 2016 Retirement Confidence Survey, roughly one in five American workers feel “very confident” about having enough money to live comfortably in their retirement. Of course, this equates to roughly 20 percent of... More of this article »
Nike Continues to Stop Chinese Footwear Company from Selling Counterfeit Shoes
Athletic apparel company Nike has recently filed a lawsuit against a Chinese footwear manufacturer, alleging that that company has infringed upon several of its patents. In Nike’s lawsuit, which has been filed in the US District... More of this article »
Prescription Drug Spending Up, and There May be No End in Sight
There is no doubt that patients who suffer from chronic diseases—like cancer—should have a better outlook these days, as new treatments continue to make their way to market. With the advent of biopharmaceuticals, in particular,... More of this article »
Should Iran Be Held Equally Responsible for Oil Glut?
Movement in the oil market is usually a good predictor of economic across the globe, so when some of the biggest oil producers on the planet get together and agree to freeze their output—at January levels—in order to reign in what... More of this article »
Second Consecutive Day of Decline Marks Concern for Future of Community Health Systems
Shares of Community Health Systems Inc fell dramatically today, posting a sharp 24 percent decline in premarket trading. On Monday, America’s No 2 for-profit hospital posted its first surprising loss and today followed suit. ... More of this article »
Your Netflix Account Could be For Sale on the Black Market
Most people probably would never consider Netflix a luxury items. After all, it only costs less than $8 per month. But, apparently, there are some people in the world who are able to get access to streaming movies and hit television... More of this article »
Time Acquires Myspace Owner, Viant
The days of Myspace have come and gone but even if it seems like nobody is using it, the site is apparently large enough to be of interest to the likes of Time Inc, who just acquired the firm that owns the aged social network, Viant.... More of this article »
Barrington Cuts Regal Entertainment Group’s Price Target
In a note, Thursday morning, Barrington Research dropped the target price for Regal Entertainment Group (NYSE: RGC) from $24.00 to $21.00. Currently, the firm has rated the stock to outperform. Of course, Regal Entertainment Group... More of this article »
Retail Numbers Higher than Expected
Reports show numbers across the retail industry are on the rise, increasing more than expected last month despite several obstacles, including falling gas prices, the major snowstorm in the Northeast, and slow job growth. According... More of this article »
Investors Clamor As Victoria’s Secret CEO Suddenly Announcement Resignation
In a shocking surprise, this morning, Victoria’s Secret CEO Sharen Jester Turney suddenly announced her resignation after 16 years with the world’s most well known lingerie clothing line. She took over for CEO in 2006 after... More of this article »
Visa Discloses All of Its Stake in Mobile Payment Startup Square
Shares of Square Inc rallied on Friday after an announcement from Visa Inc which revealed how much the company has invested in the Jack Dorsey-owned mobile payments startup. In early morning trades, Friday, shares reached a high of... More of this article »