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Olive Garden Helps Darden Restaurant Outperform Peers
A comeback at Olive Garden, the Italian restaurant chain that was at one time struggling has helped Darden Restaurants outperform its peers in casual dining. Sales at its same-restaurants increased by 4.4% for Olive Garden during its... More of this article »
Weed Killer Ingredient Being Added to Cancer Causing List
Regulators in California have taken a big step toward requiring popular Roundup, the weed killer, to have a warning label. Officials announced beginning July 7, the main ingredient of the weed killer, glyphosate will be on the list... More of this article »
Third Point Wants Change at Nestle
Third Point LLC operated by Daniel Loeb an activist investor unveiled on Sunday a stake of over 1% in Nestle SA the Switzerland-based confectionery and packaged foods giant. He urged the largest packaged foods maker in the world... More of this article »
Sexual Harassment Claims Rock Silicon Valley Yet Again
Silicon Valley was hit again by sexism claims and of women being harassed. On Friday, Justin Caldbeck a venture capital investor announced he would take an indefinite leave of absence from his company following accusations he sexually... More of this article »
Workers Being Laid Off By Carrier Feel Betrayed by President
A promise made prior to Christmas is now becoming a summer time nightmare for some. Last December, Donald Trump, the then President-elect told scores of workers at a manufacturing plant operated by Carrier that he worked out a new... More of this article »
Western Tech Companies Feel Pressure, Bow to Demands by Russia
Western tech firms including IBM, SAP and Cisco, have acceded the demands by Moscow to gain access to product security secrets that have been closely guarded, during a time when the Russian government has been accused of several cyberattacks... More of this article »
Blackjack Popularity Down, Online Casinos Taking Charge
Classic table games at casinos have been evolving with the gambling industry over the years. But in recent years, the increase of slots and online casinos has changed how people are gambling. That means that the popularity of those... More of this article »
Uber CEO and Founder Resigns Amidst Revolt by Shareholders
Following several months of problems that ended in a revolt by shareholders, CEO and founder of Uber, the ride-hailing company, Travis Kalanick resigned on Tuesday. Kalanick, who in 2009 helped found Uber and established the company... More of this article »
What is Responsible Gambling?
Gambling has never been so accessible. Casino gaming, sports betting and bingo have all left the controlled environment of the high street and are now available online 24 hours a day, 7 days a week. Although gambling can be a fun experience... More of this article »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Qualcomm-NXP Deal Sparks EU Antitrust Investigation
EU antitrust authorities opened an investigation into Qualcomm’s (NASDAQ:QCOM) planned acquisition of NXP Semiconductors (NASDAQ:NXPI) on Friday. Qualcomm agreed to buy Netherlands-based NXP for $39 billion in October. The deal... More of this article »
Sears Planning Additional Store Closures
The troubled Sears Holdings (NASDAQ:SHLD) will be closing an additional 66 stores, according to a source close to the company. The new round of planned closures include 49 Kmart and 17 Sears stores. There are also reports that seven... More of this article »
Reports Emerge Of New Amazon Android Phone In Works
Amazon (NASDAQ:AMZN) is reportedly building a new phone based on the Android mobile operating system. Reports citing “two sources familiar with the matter” say that Amazon is quietly developing a new smartphone being referred... More of this article »
Google Adding New Ad-Blocking Feature To Chrome
Alphabet’s (NASDAQ:GOOG) Google will add a new feature to its Chrome web browser that will block certain types of ads from being seen by users. Sridhar Ramaswamy, senior vice president of ads and commerce, outlined the company’s... More of this article »
Michael Kors Announces Plan To Close Many Locations
Michael Kors (NYSE:KORS) has announced plans to close 100 to 125 full-price stores over the next two years. As of April 1, the company had 827 retail locations. The company will be holding an investor day at its New York headquarters... More of this article »
Super Antibiotic Created To Fight Superbugs
Researchers in the United States have managed to re-engineer a vital antibiotic to better attack some of the world’s most threatening superbugs. A new version of vancomycin is designed to be super tough and much more potent than... More of this article »
Exercise Proven To Improve Sleep
If you are having trouble sleeping, science has found a much safer solution than sleeping pills. Research suggests those who are physically active a have lower risk of developing insomnia and other sleeping difficulties. The University... More of this article »
Sears Q1 Earnings Report Shows Promise
Sears Holdings Corp. (NASDAQ:SHLD) has just reported its first quarterly profit in nearly two years. Net income attributable to Sears’ shareholders was $244 million, or $2.28 per share. On an adjusted basis, the company reported... More of this article »
Proposed Cuts To USDA Worry Farmers
The U.S. Department of Agriculture’s proposed 2018 budget includes a 20 percent cut in the agency’s discretionary spending. The proposed cuts include a reduction in money for agricultural research, reduced food aid for the... More of this article »
Supreme Court Ruling Deals Blow To Patent Trolls
A ruling made by the U.S. Supreme Court on Monday may make it harder for dodgy patent lawsuits to be filed in friendly courts. The decision came from a legal battle between beverage flavoring company TC Heartland LLC and food and beverage... More of this article »
AT&T Strike Closes Some Wireless Stores
Some AT&T (NYSE:T) wireless retail stores across the country were closed on Saturday as striking workers picketed outside. Reports came of sporadic store closings from Montana to Bangor, Maine. This was the first labor strike... More of this article »
Dunkin’ Donuts Launches Nationwide Tasting Event For New Product
Dunkin’ Donuts (NASDAQ:DNKN) has launched a nationwide tasting event to give away free samples of its new summer drink on Friday. The new Frozen Dunkin’ Coffee is made with a special extract featuring 100 percent Arabica coffee... More of this article »
Salesforce Beats On Earnings And Revenue In Q1
Salesforce (NYSE: CRM), announced results for its fiscal first quarter, ended April 30, 2017, today. The company reported a net loss of $9.2 million, or 1 cent per share, in the latest quarter, compared with a profit of $38.8 million,... More of this article »
Qualcomm Goes After Apple’s Contract Manufacturers Over Royalties
Qualcomm Inc. (NASDAQ:QCOM) is now suing several Apple Inc. (NASDAQ:AAPL) contract manufacturers for failure to pay patent royalties. Qualcomm filed its complaint in federal court in San Diego. The company says that four Asian contract... More of this article »
Sears Launches Lawsuit Against Tool Vendor
Sears (NASDAQ:SHLD) has filed a lawsuit against top tool vendor One World Technologies for allegedly refusing to honor its contract with the retailer. One World Technologies is a subsidiary of China-based Techtronic Industries. The... More of this article »
General Motors Launches Maven In NYC
General Motors (NYSE:GM) launched Maven, its new ride-sharing service, in New York City on Monday. NYC is a key market for Maven, and could be one of its strongest, given the urban density. The service will initially have 80 cars available... More of this article »
Eli Lilly Reports Successful Trial Of New Migraine Drug
A new drug from Eli Lilly (NYSE:LLY) has reached its main goals in late-stage clinical trials, according to a statement from the company released Friday. The drug, galcanezumab, was in three Phase 3 clinical trials. Galcanezumab is... More of this article »
Verizon Emerges As Winner Of Straight Path Sale
Verizon Communications Inc. (NYSE:VZ) is the winner of the auction for wireless spectrum holder Straight Path Communications Inc. (NYSE:STRP) with a $3.1 billion bid. The $184 per share all-stock offer represents a discount of 17.8... More of this article »
Time Inc. Reports Another Sales Decline
Time Inc. (NYSE:TIME) reported another drop in quarterly sales in the first quarter of its fiscal year, ended March 31. On its earnings call Wednesday, Time reported a loss of $28 million, or 29 cents per share in the first quarter,... More of this article »
Coach Acquiring Kate Spade For $2.4B
Handbag maker Coach Inc. (NYSE:COH) has announced it has reached a deal to acquire its smaller rival, Kate Spade & Co. (NYSE:KATE), for $2.4 billion. Coach has reportedly agreed to pay $18.50 per share in an all-cash offer, representing... More of this article »
21st Century Fox Sets Sights On Tribune Media
Reports have emerged that 21st Century Fox (NASDAQ:FOX) is in talks with private equity firm Blackstone to launch a joint bid for Tribune Media (NYSE:TRCO). The companies plan to form a joint venture for the deal, having Blackstone... More of this article »
Anthem Fails To Overturn Block of Cigna Merger
An appeals court has denied Anthem Inc.’s (NYSE:ANTM) bid to overturn a court ruling that blocked its planned merger with Cigna Corp. (NYSE:CI) The federal appeals panel in Washington upheld the lower court’s ruling by a 2-1 vote.... More of this article »
Under Armour Posts First Loss Since IPO
In the first quarter of fiscal year 2017, Under Armour (NYSE:UA) recorded its first loss since it went public in 2005, posting a $2.27 million loss or 1 cent a share. Discounts have heavily weighed on its results. The company’s first-quarter... More of this article »
A Chipotle Recovery May Be In The Works
Chipotle Mexican Grill Inc. (NYSE:CMG) appears to be recovering after five quarters of declines. The company reported earnings of $1.60 a share last quarter, higher than the $1.29 predicted by analysts. Revenue climbed to $1.07 billion,... More of this article »
General Motors’ Efforts To Limit Lawsuits Fail
General Motors’ (NYSE:GM) request to the U.S. Supreme Court to keep hundreds of lawsuits related to its faulty ignition switches from proceeding has been denied. The company could now be exposed to billions of dollars in additional... More of this article »
Panera Plans To Expand Delivery, Add Jobs
Panera Bread Co. (NASDAQ:PNRA) has announced plans to expand delivery services to more of its cafes and hire 10,000 new employees by the end of the year. It hopes to expand delivery to 35 percent to 40 percent of locations by the end... More of this article »
Wells Fargo Expands Account Scandal Settlement
Banking giant Wells Fargo (NYSE:WFC) has announced that it is expanding the settlement it reached over charges that it fraudulently opened bank and credit accounts in customers’ names. Wells Fargo said it will add $32 million... More of this article »
Verizon Misses Expectations For Q1
Verizon Communications Inc. (NYSE:VZ), the No. 1 U.S. wireless carrier, missed earnings expectations for the first quarter of its fiscal year. Verizon reported net income of $3.45 billion, or 84 cents per share, in the quarter ended... More of this article »
Qualcomm Beats Expectations For Q2
Qualcomm Inc. (NASDAQ:QCOM) reported adjusted sales and profit that topped analysts’ estimates in the period that ended in March. The company reported that net income fell to $749 million, or 50 cents a share, in the fiscal second... More of this article »
Goldman Sachs Misses Expectations For Q1
Goldman Sachs Group Inc. (NYSE:GS) missed earnings expectations for the first quarter of its fiscal year in a rare fumble for the fifth-largest U.S. bank by assets. Net income almost doubled to $2.26 billion, or $5.15 a share, from... More of this article »