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General Electric Profit Drops Missing Estimates

General Electric Profit Drops Missing Estimates

General Electric Co. on Friday posted weak earnings for the third quarter even though revenues increased. Adjusted earnings ended sharply lower than estimates on Wall Street, while top lines beat the Street. GE CEO and Chairman John... 
Unilever Posts Disappointing Sales As Competition Heats Up

Unilever Posts Disappointing Sales As Competition Heats Up

Unilever posted sales for the third quarter that were lower than had been expected, losing market share to competitors that are much smaller and lowering hopes that the failed attempt by Kraft Heinz to buy the company would spark quick... 
Anthem Turns to CVS Following Troubled Deal with Express Scripts

Anthem Turns to CVS Following Troubled Deal with Express Scripts

Anthem found another partner to help it operate prescription drug coverage when the rocky relationship the insurer of Blue Cross-Blue Shield has with Express Scripps comes to an end. The second largest insurer in the United States... 
Ruby Tuesday is Going Private in Deal for $146 Million

Ruby Tuesday is Going Private in Deal for $146 Million

Ruby Tuesday Inc. the restaurant chain is going private as it grapples with unprofitability and dropping sales at same-restaurants amidst broader changes in the sector of casual dining. NRD Capital Management, a private equity company,... 
Reports: Amazon Will Enter Sportswear Industry

Reports: Amazon Will Enter Sportswear Industry

According to reports from people close to the situation, Amazon.com is going to enter the sportswear sector by tapping into some of the largest suppliers of athletic apparel to make its own private-label, which will set the stage for... 
Earnings at Bank of America Beat the Street, Shares Move Higher

Earnings at Bank of America Beat the Street, Shares Move Higher

On Friday, Bank of America posted results for the third quarter that beat expectations on Wall Street despite its fixed-income trading segment slowing down. Earnings per share for the bank reached 45 cents in comparison to Wall Street... 
Coach Patrons Not Happy With Name Change

Coach Patrons Not Happy With Name Change

On Wednesday, luxury handbag maker Coach Inc. announced that it was changing its corporate name as it evolves into an upscale, multi-brand retailer. Its new name, Tapestry Inc. was not received well on social media or Wall Street. Shares... 
Walmart Announces Buyback Plan of $20 Billion

Walmart Announces Buyback Plan of $20 Billion

Walmart Stores, based in Bentonville, Arkansas is the largest retailer in the United States. On Tuesday, the company unveiled its new buyback plan of $20 billion and at the same time forecast online sales in the U.S. would increase... 
WHO Delivers Large Amount of Antibiotics for Madagascar Plague

WHO Delivers Large Amount of Antibiotics for Madagascar Plague

The World Health Organization has delivered over one million antibiotics’ doses to fight a plague outbreak in Madagascar that has killed as many as 33 people. Authorities banned visits to prisons as well in two of the areas that... 
Costco Shrinking Margins Weaken Profit Beat, Stock Drops

Costco Shrinking Margins Weaken Profit Beat, Stock Drops

Costco Wholesale posted a profit for its recently ended quarter that barely beat Wall Street expectations helped by an increase in fees for membership, but a drop in its gross margins, sparked concerns of deeper price wars in the grocery... 
Teva Slumps, While Mylan Soars on Copaxone Copy Approval

Teva Slumps, While Mylan Soars on Copaxone Copy Approval

Mylan shares soared by as much as 16% in trading before the opening bell on Wednesday, after the United States Food and Drug Administration gave its approval to the company’s generic version of Copaxone a blockbuster drug by Teva... 
Indiana Couple Swindled $1.2 Million Out of Amazon

Indiana Couple Swindled $1.2 Million Out of Amazon

Scammers have for a long time been well aware of the generous refund policy of Amazon. Some charming lines to one of the company’s agents in customer service usually will result in a full refund or at the least a replacement on something... 
Monarch Airlines Bankruptcy Leaves 110,000 Without Flights

Monarch Airlines Bankruptcy Leaves 110,000 Without Flights

Monarch Airlines a budget carrier based in Britain declared bankruptcy and stopped its operations, which left as many as 110,000 passengers stranded after the cancellation of flights of the airline. On Monday, the airline entered bankruptcy... 
Volkswagen Bill for Dieselgate Reaches $30 Billion

Volkswagen Bill for Dieselgate Reaches $30 Billion

Volkswagen is taking an additional charge of $3 billion to fix its diesel engines across the U.S., which increases the total spent by the company for the emissions test scandal to nearly $30 billion. Shares at the carmaker, based in... 
Sonic Shares Plunge on Announcement Burger Chain Hit by Hacker

Sonic Shares Plunge on Announcement Burger Chain Hit by Hacker

Millions of customers of burger chain Sonic might have had their payment card information stolen. A breach of the store payment system at Sonic resulted in as many as five million debit and credit card accounts being stolen and subsequently... 
Amazon Claims Google Pulls YouTube from Its Echo Show

Amazon Claims Google Pulls YouTube from Its Echo Show

In a very rare public feud between two large tech giants, Amazon said Tuesday that its Echo Show devices were not long able to play YouTube videos because Google, the owner of the video site, stopped supporting its service. The feud... 
China Causing WhatsApp Problems

China Causing WhatsApp Problems

In China, the highly popular messaging app WhatsApp is suffering major disruption problems to its service. According to the group Open Observatory of Network Interference or OONI, measurement data of networks has suggested that internet... 
SAP Buying Gigya at Price of $350 Million

SAP Buying Gigya at Price of $350 Million

German based software giant SAP announced on Sunday it would acquire Gigya, to give more strength to its hybris e-commerce sector. The deal’s terms were not officially disclosed, but sources said it was close to $350 million. That... 
Facebook Making Changes Following Ad Buys by Russia

Facebook Making Changes Following Ad Buys by Russia

Facebook, Inc. CEO Mark Zuckerberg said Thursday that the social media giant was making broad changes to its policies for political ads, including increased scrutiny by humans, in an attempt to give the site’s 2 billion user base... 
Albertsons Agrees to Buy Plated

Albertsons Agrees to Buy Plated

Albertsons, one of the largest grocers in the U.S., has agreed to acquire Plated the meal kit service, which is the first high-profile acquisition by the company since Amazon purchased Whole Foods Market. In the U.S., Albertsons has... 
Shares of Bed Bath and Beyond Fall Following Earnings Report

Shares of Bed Bath and Beyond Fall Following Earnings Report

Stock at Bed Bath and Beyond plunged by over 12% in afterhours trading on Tuesday following the release of its quarterly earnings that showed sales at same stores came up short of expectations on Wall Street. The retailer posted a... 
Mexico Preparing Legislation to Regulate FinTech Industry

Mexico Preparing Legislation to Regulate FinTech Industry

Mexico, under proposed legislation, would regulate the fast growing sector of financial technology that includes companies using cryptocurrency such as bitcoin, to protect the consumer and spur on competition. The proposed new bill,... 
Mobile Payments App Tez Launched by Google

Mobile Payments App Tez Launched by Google

Google announced a new mobile app for payments for India as the company continues with its mission of ingratiating itself with the world’s next billion users of Internet across the South Asia country. Available both on Android as... 
Rovio Moving Forward with IPO of $1 Billion

Rovio Moving Forward with IPO of $1 Billion

Rovio Entertainment the mobile games maker based in Finland has set a price on Friday for its planned initial public listing that would value the Angry Birds maker at as much as $1.1 billion, far below the possible values that the... 
Volkswagen Announces Recall in China of Vehicles for Airbag Problem

Volkswagen Announces Recall in China of Vehicles for Airbag Problem

German carmaker Volkswagen will repair over 4.86 million of its vehicles that have airbags made by Takata Read. The recall by VW will apply to vehicles that were made in China as well as imported. This is the latest blow for the German... 
Bitcoin Drops Below $4,000 On Worries Over China

Bitcoin Drops Below $4,000 On Worries Over China

On Wednesday, Bitcoin dropped below $4,000 due to negative comments from business leaders about it and the threat of a crackdown by regulators that has unnerved investors. The cryptocurrency fell to $3,907.25 during trading Wednesday,... 
Volkswagen Spending Billions on Electric Cars

Volkswagen Spending Billions on Electric Cars

Volkswagen has stepped up its shift toward the electric car and is planning to invest over €20 billion or $24 billion in the zero-emission vehicles by 2030 as it tries to challenge the pioneer in the industry Tesla in creating mass... 
Teva Announces Kaare Schultz As New CEO

Teva Announces Kaare Schultz As New CEO

Teva Pharmaceutical Industries has named Dane Kaare Schultz, from Lundbeck A/S as its new CEO. This ends the company’s search of seven months for its new leader who will be tasked with reviving sales and lowering debt at the largest... 
Study: Mediterranean Diet Linked to Lower Reflux Symptoms

Study: Mediterranean Diet Linked to Lower Reflux Symptoms

Consuming a Mediterranean style diet that is plant-based and drinking alkaline water might have the same effect at regulating reflux symptoms as do conventional medications, shows a new study that was published on Thursday. Researchers... 
Trump Upsets Republicans on Debt Ceiling

Trump Upsets Republicans on Debt Ceiling

President Donald Trump agreed on Wednesday to support an extension of three months of government funding and the debt ceiling through December 15, siding with Democrats over his party and setting up a fight over fiscal legislation... 
Lego Cutting 1,400 Workers as Sales Boom Comes to an End

Lego Cutting 1,400 Workers as Sales Boom Comes to an End

In Copenhagen on Tuesday Lego announced it would be laying off 8% of its overall staff while at the same time revamp its business following the posting of its first drop in sales in over 10 years Tuesday. The report of a decline of... 
Harvey Hurting Automakers’ Hopes for Gains in U.S. Auto Sales

Harvey Hurting Automakers’ Hopes for Gains in U.S. Auto Sales

The largest U.S. carmakers posted a set of mixed results for sales following Hurricane Harvey slamming into one of the largest auto markets in the U.S., with Nissan Motor leading the drop in sales in what could have otherwise been... 
Ohio Is Heart of Opioid Crisis in the U.S.

Ohio Is Heart of Opioid Crisis in the U.S.

The counties of Columbiana, Trumbull and Mahoning are the heart of the opioid problem in Ohio. The average number of Ohio unintentional drug overdose deaths per 100,000 is now at 22.2 The county rates for Columbiana, Trumbull and Mahoning... 
Fox News Dropped by Sky in United Kingdom

Fox News Dropped by Sky in United Kingdom

Sky has taken Fox News off the air in the United Kingdom after it failed to generate a significant number of viewers, the media giant announced on Wednesday. 21st Century Fox, the Rupert Murdoch controlled media company said the new... 
Gas Prices to Jump Following Hurricane Harvey

Gas Prices to Jump Following Hurricane Harvey

Gasoline futures in the U.S. moved to highs of two-years Monday following the widespread shutdown of oil refineries in Texas because of Hurricane Harvey. Ten or more refineries were knocked offline due to the historic flooding across... 
Gilead Spending $11 Billion to Acquire Kite Pharma

Gilead Spending $11 Billion to Acquire Kite Pharma

Gilead Sciences agreed on Monday to acquire Kite Pharma Inc. for $11 billion and its new technology that has received rave reviews for how it harnesses the immune system of the body to fight against cancer. Gilead is paying $180 per... 
Apple Given Tax Breaks of $208 Million for Iowa Center

Apple Given Tax Breaks of $208 Million for Iowa Center

On Thursday, a deal was approved by Iowa to give Apple Inc. local and state tax breaks of $208 million to construct a pair of data storage centers close to Des Moines as well as create 50 or more jobs. The deal was quickly criticized... 
Uber Posts Loss, Bookings Increase

Uber Posts Loss, Bookings Increase

Uber Technologies Inc. reported a quarterly loss that narrowed by 9% and an increase in ride bookings, but profitability remains off in the distance. Uber said the net loss for its second quarter reached $645 million, but was down... 
Salesforce Increases Forecast for the Year on More Products

Salesforce Increases Forecast for the Year on More Products

Salesforce.com Inc. increased its forecast for revenue for its full fiscal year, as it showed confidence that an expanded lineup of software that is cloud-based will continue attracting new business. One analyst said there might be... 
Boeing and Northrop Sign Deals for Nuclear Missile Technology

Boeing and Northrop Sign Deals for Nuclear Missile Technology

On Monday, the U.S. Air Force announced that it has award a pair of contracts to Boeing and Northrop Grumman for work that could produce the replacement of the country’s intercontinental ballistic missile. The contracts represent... 
World Shares Down As Investors Wait for Central Bank Meeting

World Shares Down As Investors Wait for Central Bank Meeting

Global stocks were mostly down Monday as South Korean and U.S. joint military drills have kept financial markets on edge while investor await an important meeting later in the week of central bankers. European shares were down during...