Latest News

UnitedHealth Announces Plan To Buy Surgical Care Affiliates

UnitedHealth Group (NYSE:UNH) has announced its intentions to acquire Surgical Care Affiliates (NASDAQ:SCAI), a chain of outpatient surgery centers. UnitedHealth agreed to pay about $2.3 billion for the purchase of Surgical Care Affiliates’ outstanding common stock, or roughly $57 a share. The company says it plans to fund between 51 percent and 80 percent of […]

Uber Movement Gives Traffic Data To Cities

Uber has developed a new website called Movement that will give cities access to the company’s traffic flow data. The new Movement website is intended for use by those interested in improving urban mobility. In a blog post written on Jan. 8, the company stated, “City planners face a myriad of challenges, and we hope […]

Mars Inc. Purchasing VCA Inc. For $7.7 Billion

Mars Inc. has agreed to acquire veterinary services company VCA Inc. (NASDAQ:WOOF) for $7.7 billion, or $93 a share, in an all-cash transaction. Including debt, the deal is valued at $9.1 billion. The statement from the companies said that the deal has been approved by the boards of both companies. Mars has committed financing from […]

T-Mobile Launches New Initiatives That Benefit Customers

T-Mobile (NYSE:PCS) is continuing on its path to disrupt the wireless industry. The company recently announced a number of new initiatives that are designed to increase transparency and make things easier for their customers. Beginning January 22, T-Mobile will only offer the T-Mobile ONE plan. With the new plan, T-Mobile customers will be charged exactly […]

Sears Sells Craftsman Brand To Stanley

Sears Holdings Inc. (NASDAQ:SHLD) has sold the 90-year-old Craftsman brand to Stanley Black & Decker Inc. (NYSE:SWK) in a $900 million deal. The agreement calls for Stanley to pay $525 million when the deal closes and another $250 million after three years. Stanley will also pay Sears a percentage of its new sales of Craftsman […]

Gates Foundation Making Big Investment In HIV Prevention

A tiny implantable drug pump designed to prevent infection by the human immunodeficiency virus (HIV) is getting a big boost from the Bill and Melinda Gates Foundation. The Gates Foundation is investing $140 million to help Intarcia Therapeutics, a Boston-based biopharmaceutical company, develop the implantable pump. The pump uses Intarcia’s Medici Drug Delivery System, which […]

Fiat Chrysler Partners With Google On Infotainment System

Fiat Chrysler (NYSE:FCAU) has partnered with Alphabet’s Google (NASDAQ:GOOG) to build a new in-car infotainment system. The companies announced the partnership just ahead of the beginning of CES, the annual consumer electronics show in Las Vegas. The new system is a combination of FCA’s UConnect infotainment system and Android 7.0 Nougat, released in 2016. It […]

Disease Detecting Breathalyzer Can Diagnose 17 Conditions

Researchers from the Israel Institute of Technology are expressing enthusiasm for what appears to be a breakthrough in disease detection. A way has been discovered to test for 17 different diseases using a single breath from a patient. Microscopic compounds in the breath, called volatile organic compounds (VOCs), can be analyzed to detect each condition. […]

Amazon Secures Patent For ‘Airborne Fulfillment Center’

Amazon (NASDAQ:AMZN) has been awarded a patent for a logistics technology described as an “airborne fulfillment center (AFC).” Amazon originally filed for the patent in 2014. It was awarded in April, but wasn’t discovered until this week. Amazon hasn’t publicly commented on the patent and traditionally doesn’t comment on its patents for drone technologies. Amazon […]

Samsung To Sell Voice Controlled Robot Vacuum

Samsung is launching a new robot vacuum that you can control with your voice called the POWERbot VR7000. Details are still pretty scarce at the moment and there’s no word yet on pricing or availability. Samsung has announced plans to show the device off next week at the Consumer Electronics Show. The POWERbot VR7000 can […]

Merck: Ebola Vaccine 100% Protective

A vaccine for Ebola now licensed to Merck & Co., Inc. (NYSE:MRK) is being hailed as a success after being shown to provide 100 percent protection against the lethal disease. The vaccine, known as rVSV-ZEBOV, provides a faster, more efficient way to kill off the virus before it can do substantial damage to the body. […]

Praxair And Linde Announce Merger Intentions

Praxair Inc. (NYSE:PX) and Linde AG (FRA:LIN) have announced their intentions to join forces to create the industrial-gas industry’s biggest player. Praxair and Linde make gases used in all sorts of industrial applications, as well as in manufacturing and food production. The merged company would have a combined market value of $66.6 billion and about […]

Twitter To Relaunch Vine As Vine Camera

Twitter (NYSE:TWTR) recently announced that the mobile app Vine will be relaunched as Vine Camera in January 2017. A blog post by the Vine team said, “In January, we are transitioning the Vine app to a pared-down Vine Camera. With this camera app you will still be able to make six-second looping videos, and either […]

BlackBerry Investing Heavily In Smart Car Technology

BlackBerry (NASDAQ:BBRY) is opening an autonomous driving research center to develop advanced driver assistance and autonomous vehicle technology. Prime Minister Justin Trudeau will attend the launch by the Waterloo, Ontario-based company. BlackBerry has remained tight-lipped regarding exact details of the new center. The facility is said to be developing advanced driving features like automatic emergency […]

Mylan Ready To Release Generic EpiPen

Mylan (NASDAQ:MYL) CEO Heather Bresch has announced that the “authorized generic” EpiPen will be available next week. The company is introducing the generic at a price of $300 for a two-pack, half the cost of its brand-name cousin. Mylan said it is offering a savings card for eligible patients with commercial health insurance, providing up […]

Alaska Airlines And Virgin America Begin Process Of Merging

Alaska Air Group (NYSE:ALK) has formally begun the process of merging with San Francisco-based Virgin America after officially closing on the acquisition. The merger has created what is now the fifth largest U.S. airline. The combined operation will have an expanded route network of nearly 1,200 daily flights to 118 destinations in the United States, […]

Disney Sued Over Worker Discrimination Allegations

A group of information technology workers have sued Walt Disney Parks and Resorts (NYSE:DIS) over alleged workplace discrimination violations. The 30 laid off IT workers says they were fired and replaced by contractors from India, making them victims of national origin discrimination. The lawsuit was filed in the US District Court of Orlando. Disney said […]

Johnson & Johnson Ends Bid For Actelion

Johnson & Johnson (NYSE:JNJ) has ended its bid to buy Swiss drug company Actelion Pharmaceuticals Ltd. The pursuit of a deal was announced by the companies last month. Actelion shares have risen in recent weeks on expectations of a takeover. Jean-Paul Clozel, Actelion’s chief executive and founder, was reportedly open to a deal that would […]

Boeing Seals $16.6B Deal With Iran

Boeing Co. (NYSE:BA) has completed the first major agreement between a U.S. company and Iran by clinching a deal to sell 80 jetliners to the Islamic Republic. The Boeing deal, first announced in June, is valued at $16.6 billion. U.S. officials cleared the way for Boeing to start the contract talks in September. The company […]

T-Mobile’s New Service Gives Users More Freedom Over Numbers

T-Mobile (NYSE:PCS) has launched a new service called Digits that gives users much more freedom with their phone numbers than before. T-Mobile COO Mike Sievert announced the project saying, “Since the beginning of telephones, one number has been tied to one phone. Since GSM came out, that number was seared into that SIM chip. We’ve […]

Pfizer Slapped With Record Fine For Price Increases

Regulators in Britain slapped Pfizer Inc. (NYSE:PFE) with a record £84.2 million ($107 million) fine this week for allegedly overcharging the national health-care system for an epilepsy treatment. The Competition and Markets Authority said Pfizer charged unfair prices in the U.K. for phenytoin sodium, breaking competition law. Drug-distribution company Flynn Pharma Ltd. Was also charged […]

Fitbit To Acquire Assets Of Smartwatch Maker Pebble

Fitbit Inc. (NYSE:FIT) has officially announced that it is buying key assets from smartwatch startup Pebble. The deal reportedly closed yesterday, December 6. Fitbit co-founder and CEO James Park said in a release, “With this acquisition, we’re well positioned to accelerate the expansion of our platform and ecosystem to make Fitbit a vital part of […]

Chipotle Turns Its Focus To Improving Customer Service

Even Chipotle Mexican Grill (NYSE:CMG) thinks a lot of its restaurants leave a lot to be desired. Chipotle co-founder and CEO Steve Ells admits that he doesn’t think his restaurants are run well enough to bring customers back. He gives only half of Chipotle’s restaurants an A or a B grade, with most of the […]

AT&T’s New Plan Draws Fire From FCC

AT&T’s (NYSE:T) planned use of data cap exemptions, a practice known as “zero-rating,” has attracted the attention of the Federal Communications Commission. The practice could be a violation of net neutrality. Net neutrality is the principle that broadband providers should treat all content, sites, and platforms equally in terms of traffic. Some companies have attempted […]

Carrier Corp. Offered $7M In Incentives To Retain U.S. Jobs

Carrier Corp. will receive a $7 million incentive package as part of a deal to keep some of its workers in the United States. Carrier will receive $5 million in tax credits over 10 years in exchange for keeping 1,069 jobs at its Indianapolis plant. The company also will receive $1 million in training grants […]

Airbnb Agrees To Rental Limits For First Time

Popular home-sharing website Airbnb has agreed to rental limits in two European cities after complaints that the company’s practices were negatively affecting home availability. Critics complain that homeowners using the site can potentially make more money by renting out their properties to short-term visitors instead of long-term tenants. Airbnb promised to institute restrictions that would […]

GoPro Slashing Jobs In Bid To Become Profitable

GoPro Inc. (NASDAQ:GPRO) has announced that it will reduce its workforce by 15 percent in its latest bid to help the company become profitable. That equates to more than 200 full-time positions. The company currently employs approximately 1,700 people. Tony Bates, who joined as GoPro’s President in June 2014, is stepping down by the end […]

Samsung Responds To Investors’ Call For Change

South Korean electronics giant Samsung (SSNLF) has issued a response to pressure from investors seeking changes in the company. The company released a lengthy statement detailing how it was working to satisfy shareholders. In the statement, the company said it was looking at ways to optimize its long-term value. Investors have been calling for the […]

Teva Pharmaceutical To Market World’s First Medical Cannabis Inhaler

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) is on track to begin marketing the world’s first inhaler for medical cannabis. Teva partnered with Syqe Medical to develop the device. In a statement, the companies said that the device was the first inhaler in the world capable of delivering botanicals at the level of safety and precision of […]

New Skin Patch Tracks Health Through Sweat

Researchers are developing an innovative new way to track health and fitness. A skin patch has been developed that can test droplets of sweat to track health while people exercise. Testing showed that the patches would work even on sweaty bicyclists throughout a long-distance race in Arizona. Researchers revealed the details of the devices in […]

Tesla Completes Deal For SolarCity

Tesla Motors’ (NASDAQ:TSLA) deal to acquire SolarCity Corp. (NASDAQ:SCTY) closed Monday. The all-stock deal valued SolarCity at $2 billion based on Tesla’s closing stock price Friday. When Tesla and SolarCity announced the agreement in August, it was worth $2.6 billion. However, both of their share prices have dropped since then. Tesla CEO Elon Musk is […]

Symantec Announces Bid To Buy LifeLock

Computer security firm Symantec (NASDAQ:SYMC) announced a $2.3 billion bid to buy identity protection service LifeLock (NYSE:LOCK) on Monday. The offer for LifeLock values its shares at $24 apiece, 16 percent above Friday’s closing price. Symantec says that it will finance the deal with a combination of cash and $750 million of new debt. The […]

Facebook Enhances WhatsApp With Secure Video Calling

Facebook (NASDAQ:FB) is adding fully encrypted video calling to its WhatsApp messaging app in a move to assuage privacy concerns. Now, people have another way to communicate without fear of eavesdropping by companies or government authorities. The feature will be introduced at an event in India and subsequently be rolled out to 180 countries within […]

LinkedIn Blocked In Russia After Court Ruling

Russia‘s communications regulator has ordered that public access to LinkedIn’s (NYSE:LNKD) website be blocked throughout the country. Roskomnadzor, also known as the Russian Federal Service for Supervision of Communications, Information Technology and Mass Media, ordered Internet service providers to block access to the business networking company. The order against LinkedIn was issued in a short […]

Target Beats Expectations For Sales And Earnings

Target (NYSE:TGT) reported a much smaller than expected decline in comparable sales for the third quarter of its fiscal year and topped Wall Street’s sales and earnings estimates. Target’s adjusted earnings were $1.04 per share on sales of $16.44 billion in the fiscal third quarter. Analysts had expected earnings of 83 cents a share on […]

Facebook Under Fire For Fake News On News Feeds

Facebook (NASDAQ:FB) is facing increasing criticism over allowing fake news stories to spread on the social-media site. President Barack Obama famously called Facebook a “dust cloud of nonsense” during the 2016 US presidential election cycle. Now, Facebook has officially vowed to do better when it comes to fake news on the platform. A recent study […]

Samsung Makes $8B Bet On Smarter Cars

Samsung’s (SSNLF) latest deal, announced Monday, will find it acquiring U.S. auto-parts supplier Harman International for $8 billion in an all-cash deal. Samsung’s $112-a-share offer for Harman is well below the roughly $145 that each Harman share was worth early last year. However, the deal values Harman at 15.8 times next year’s adjusted earnings and […]

Google Launches Android Auto Smartphone App

Android Auto is now available as an app for your phone after Google (NASDAQ:GOOGL) launched its most recent update to the program. You can now get all the benefits of Android Auto even if your car isn’t Android Auto compatible. The Android Auto app is compatible with any phone that runs Android 5.0 and newer. […]

Delta To Debut Premium Economy Service Next Year

Over the past few years, Delta Air Lines (NYSE:DAL) has invested billions of dollars in its cabin modernization program and the customer experience. Now, it is bringing those results to market through its new Delta Premium service. Delta SVP and chief marketing officer Tim Mapes’ stated that “Delta Premium is Delta’s latest example of paying […]

Wells Fargo Investigating Leadership’s Role In Account Scandal

Wells Fargo & Co. (NYSE:WFC) is continuing to investigate the circumstances surrounding the recent account scandal that rocked all levels of the company. A generation of executives thrived in the ambitious sales culture promoted by the bank in recent years, winning promotions and being held up as examples of what colleagues could aspire to. At […]

Facebook: Posts Can’t Be Used For Pricing Car Insurance

The rollout of a new app has been delayed after Facebook (NASDAQ:FB) determined that posts to its social media site cannot be used to price car insurance for new drivers. Insurance company Admiral had intended to launch an app that used an algorithmic assessment of Facebook posts to price car insurance premiums for first time […]

Standard Chartered Fails To Meet Earnings Estimates For 3Q

Standard Chartered (STAN) reported disappointing third quarter results on Tuesday. The bank generated income of $3.47 billion in the July to September quarter, down 6 percent from $3.68 billion from a year ago. Its third quarter underlying pretax profits were $458 million, compared with a $139 million loss last year. That missed the $520 million […]

General Electric Makes Huge Bid For Baker Hughes

General Electric’s (NYSE:GE) bid to pay $7.4 billion in cash to combine its sector assets with Baker Hughes (NYSE:BHI) may be its biggest-ever deal in the oil and gas industry. GE will pay Baker Hughes a special dividend of $17.50 a share for a stake of 62.5 percent in the new company and contribute its […]

Facebook Under Fire Over Ethnic Targeting

Facebook (NASDAQ:FB) has come under fire over an option in its ad targeting platform that lets advertisers exclude certain ethnicities from seeing certain ads. The potential flaw in the ad-buying system was discovered by ProPublica. While, Facebook’s targeted advertising is designed to exclude people who wouldn’t be interested in a product or service, discriminating ads […]

Caterpillar Woes Continue With Weak Demand In 3Q

Caterpillar Inc. (NYSE:CAT) continues to suffer in the global commodities bust. Sales of construction, mining and oil equipment remain weak. Caterpillar is currently the world’s largest maker of mining and construction equipment, including bulldozers, trucks and other heavy machines, so it is feeling the effects more than most in the industry. Caterpillar Chairman and Chief […]

EpiPen Rival Auvi-Q Coming Back To Market

An EpiPen rival will be returning to the market next year as a cheaper alternative to the lifesaving device. Kaléo announced on Wednesday that they would bring the Auvi-Q back in the first half of 2017. Like the EpiPen, the Auvi-Q will inject an emergency dose of epinephrine in the event of a severe allergic […]

Visa 4Q Earnings and Revenue Higher Than Expected

Visa (NYSE:V) reported better-than-expected fiscal fourth-quarter earnings that rose 28 percent from a year earlier. Visa reported net income of $1.93 billion, or 79 cents per share, for the period ended Sept. 30, compared with $1.51 billion, or 62 cents per share, in the same period a year earlier. Analysts surveyed by FactSet expected earnings […]

TD Ameritrade-Scottrade Merger Under Scrunity

TD Ameritrade (NASDAQ:AMTD) has announced plans to purchase Scottrade for $2.7 billion, but the deal may face some regulatory hurdles and is expected to face close scrutiny from regulators. TD Ameritrade’s acquisition of Scottrade would leave only four major brokers operating in the United States, with the others being Charles Schwab, Fidelity Investments and E-Trade. […]

British American Tobacco Seeks To Acquire Reynolds American

British American Tobacco PLC (LON:BATS) wants to own all of Reynolds American Inc. (NYSE:RAI). BAT offered to pay $47 billion for the roughly 58 percent of Reynolds that it doesn’t already own. The company would pay cash and BAT stock worth $56.50 a share for the rest of the company. The offer is a roughly […]

Walgreens Beats On Earnings, Misses On Revenue

Walgreens Boots Alliance Inc. (NASDAQ:WBA) reported mixed results for its latest quarter. While adjusted earnings topped estimates, revenue fell shy of expectations. The company reported net earnings of $1.03 billion, or $0.95 a share, on revenue of $28.6 billion for the quarter. On an adjusted basis, its EPS would have been $1.07. Wall Street analysts […]