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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... 
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... 
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... 
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... 
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... 
Three Chief Executives Resign From Trump Business Council

Three Chief Executives Resign From Trump Business Council

The chief executive officers of Under Armour, Intel and Merck have resigned from the American Manufacturing Council in the wake of a tepid response by President Donald Trump towards violence that was witnessed at a rally in Charlottesville,... 
Oracle Exadata Cloud Now Available On New Infrastructure

Oracle Exadata Cloud Now Available On New Infrastructure

Oracle is making Exadata Cloud available on some of its upcoming cloud infrastructure. The Oracle Exadata stands out for being high performing both in the private cloud and the public cloud and this new development is expected to improve... 
T-Mobile Set To Unveil Revvl A Budget Android Phone

T-Mobile Set To Unveil Revvl A Budget Android Phone

T-Mobile has announced that it is unveiling a budget phone known as Revvl. Though a budget phone Revvl comes with a fingerprint sensor, a 3,000mAh battery and a HD screen of 5.5 inches. While the phone is branded T-Mobile it has been... 
Facebook To Launch Original Video Programing

Facebook To Launch Original Video Programing

Facebook has revealed that its original video programming feature is ready for launch in a move that will assist the social media giant to take away advertising dollars from YouTube, Twitter, Snapchat and traditional television networks.... 
AT&T Appoints GroupM CEO To Head Its New Ad And Analytics Unit

AT&T Appoints GroupM CEO To Head Its New Ad And Analytics Unit

AT&T has announced that it has hired Brian Lesser to head a newly created advertising and analytics division that has been created by the telecommunications giant ahead of completing its Time Warner acquisition deal. Prior to the... 
Apple Plans To Introduce A Cellular-Capable Smartwatch

Apple Plans To Introduce A Cellular-Capable Smartwatch

Reports indicate that there are plans by Apple to launch a smartwatch which possesses a cellular network connection later in the year. According to sources this is aimed at reducing the reliance of the Apple Watch on the iPhone. At... 
Microsoft Introduces A New Monthly Repayment Plan For Surface Devices

Microsoft Introduces A New Monthly Repayment Plan For Surface Devices

Microsoft is unveiling new programs which will let customers acquire Surface devices in the same way as smartphones. The programs which are known as Surface Plus for Business and Surface Plus provide financing at no-interest. Customers... 
Facebook Acquires AI Startup Ozlo As Virtual Assistant Race Heats Up

Facebook Acquires AI Startup Ozlo As Virtual Assistant Race Heats Up

Facebook has acquired an artificial intelligence startup based in Palo Alto, California in order to improve how Messenger’s virtual assistant works. Ozlo, which was founded four years ago by Charles Jolley and Michael Hanson, has... 
FDA Announces Coming Regulations Over Nicotine Levels in Traditional Cigarettes

FDA Announces Coming Regulations Over Nicotine Levels in Traditional Cigarettes

The United States Food and Drug Administration is on a mission to reduce nicotine levels in [traditional] cigarettes while also looking at new measures that can move smokers towards the new e-cigarette devices. The move is a major... 
Caterpillar Doing Better than Expected Through Second Quarter

Caterpillar Doing Better than Expected Through Second Quarter

Caterpillar reported, on Tuesday, second quarter earnings have been better than expected, pushing up 5 percent in premarket trading before the bell. Now the agriculture equipment manufacturer has raised its full-year guidance to $5.00... 
Wells Fargo in Hot Water, Again, Over Fraudulent Auto Lending Accounts

Wells Fargo in Hot Water, Again, Over Fraudulent Auto Lending Accounts

Approximately 800,000 Wells Fargo customers who took out auto loans could have been improperly charged for their insurance. This is the latest scandal from the banking institution, a scandal which sent Wells Fargo stocks downward 2.6... 
Trump Administration Ends Obama’s myRA Low-Income Retirement Program

Trump Administration Ends Obama’s myRA Low-Income Retirement Program

In 2014, then-US president Barack Obama announced a new type of retirement account. Called “myRA,” the program was designed to provide a Roth IRA-type investment opportunity to lower-income workers who may not have much in terms... 
Alibaba Looking To Invest In Tokopedia

Alibaba Looking To Invest In Tokopedia

Reports indicate that Alibaba has initiated talks with a view to investing in Tokopedia, an Indonesian firm. If the deal comes to fruition it will be the second one aimed at helping the expansion of the Chinese online retailer into... 
Apple Suppliers Lodge Antitrust Allegations Against Qualcomm

Apple Suppliers Lodge Antitrust Allegations Against Qualcomm

Qualcomm faces new antitrust allegations from four companies that supply parts and components for the iPhone to Apple. The four companies, Pegatron Corp, Compal Electronics, Wistron Corp and Hon Hai Precision Industry Co, Foxconn’s... 
Dun & Bradstreet And Microsoft In Strategic Agreement

Dun & Bradstreet And Microsoft In Strategic Agreement

Dun & Bradstreet and Microsoft have struck a strategic agreement which will see the users of Microsoft Dynamics 365 get access to company information available on Dun & Bradstreet’s database. The database contains details... 
Amazon Planning To Take Lead Position In Voice Commerce

Amazon Planning To Take Lead Position In Voice Commerce

According to Amazon, the biggest seller on Prime Day this year was the Echo Dot. Other devices that are Alexa-enabled also reached record sales though the online retail giant did not offer hard numbers. Thus Prime Day managed to serve... 
Salesforce CEO Invites Retrenched Microsoft Employees To Work For Him

Salesforce CEO Invites Retrenched Microsoft Employees To Work For Him

The co-founder, chairman and chief executive officer of Salesforce, Marc Benioff, has poked at rival Microsoft by asking the employees who are being retrenched by the biggest software maker in the world to considering working at his... 
Elliott Presents A Better Deal For Oncor, Besting Berkshire Hathaway

Elliott Presents A Better Deal For Oncor, Besting Berkshire Hathaway

Elliott Management has released a plan to block the intended acquisition of Oncor by Berkshire Hathaway. While Berkshire Hathaway had placed a bid amounting to $18 billion, Elliott is offering $18.5 billion inclusive of debt. Elliott... 
Air Canada Now Supports Visa Checkout

Air Canada Now Supports Visa Checkout

Visa has revealed that Visa Checkout is now available for customers of the largest airline in Canada, Air Canada. Using Visa Checkout, customers of the airline will now be able to save precious time that would otherwise be spent entering... 
Health And Human Services Is Investigating Alexion Pharmaceuticals

Health And Human Services Is Investigating Alexion Pharmaceuticals

Alexion Pharmaceuticals has disclosed that the Office of Inspector General at the Health and Human Services Department is conducting investigations on the company. The investigation is connected to a probe that the Massachusetts U.S.... 
Campbell Soup Acquires Pacific Foods To Expand Health Food Menu

Campbell Soup Acquires Pacific Foods To Expand Health Food Menu

Campbell Soup has reached an agreement to acquire Pacific Foods at a cash price of $700 million. The acquisition is meant to place Campbell Soup in a better strategic position in light of shifting consumer tastes. Pacific Foods was... 
CEO Of Pandora Likely To Step Down Following Sirius XM Investment

CEO Of Pandora Likely To Step Down Following Sirius XM Investment

Reports indicate that the co-founder of Pandora and the internet radio firm’s chief executive officer since last year in March, Tim Westergren, will be stepping down from his position. Westergren’s first stint as the CEO begun... 
Avis In Deal To Service Waymo’s Autonomous Vehicles

Avis In Deal To Service Waymo’s Autonomous Vehicles

Alphabet’s driverless car unit, Waymo, has signed a deal with Avis Budget Group Inc that will see the car hire firm manage the autonomous cars owned by Waymo. Though financial terms of the deal were not disclosed by either of the... 
Qatar Airways Offers To Buy A 10% Stake In American Airlines

Qatar Airways Offers To Buy A 10% Stake In American Airlines

American Airlines has disclosed that Qatar Airways made an offer to acquire a 10% shareholding in the U.S. carrier. The largest carrier in the world said that it was an unsolicited offer which would have to get the approval of the... 
Boeing Launches New Plane At The Paris Air Show

Boeing Launches New Plane At The Paris Air Show

Over three dozen pledges were received by Boeing at the Paris Air show for the new Max 10 that the Chicago, Illinois-based plane manufacturer is planning to launch. Boeing is stretching its 737 in a bid to challenge the sales lead... 
Bezos Requests For Philanthropy Ideas From His Twitter Followers

Bezos Requests For Philanthropy Ideas From His Twitter Followers

Jeff Bezos, the billionaire chief executive officer of Amazon, tweeted to his followers on Thursday requesting for ideas on what kind of philanthropic projects he should engage in. “I’m thinking about a philanthropy strategy that... 
Kroger Says Growing Competition Not A Problem—But Same Store Sales Might Be

Kroger Says Growing Competition Not A Problem—But Same Store Sales Might Be

It should come as no surprise that the grocery store industry is getting more and more competitive. Analysts at Kroger Co, however, are concerned not about growing competition; instead, the industry leader argues that it will help... 
The Nordstroms In Bid To Take The Retailer Private

The Nordstroms In Bid To Take The Retailer Private

Reports indicate that the Nordstrom family is considering taking the retailer private in the face of challenges the brick and mortar retail sector is currently undergoing. Members of the Nordstrom family who are said to be exploring... 
US Regulators Extend Mexico Sugar Talks For 24 Hours In Order To Reach An Agreement

US Regulators Extend Mexico Sugar Talks For 24 Hours In Order To Reach An Agreement

United States legislators have extended its deadline to reach a deal with Mexico on sugar talks with two countries, as they all reach an agreement that will prevent what would otherwise be a tit-for-tat trade dispute. Regulators in... 
General Motors Charged With Diesel Emissions Testing Cheating Allegations

General Motors Charged With Diesel Emissions Testing Cheating Allegations

On Thursday, General Motors denied allegations named in a lawsuit that the company cheated emissions tests on the automaker’s full-sized diesel pickup trucks. In the lawsuit—filed by two the lawyers of two truck owners in the... 
Intel To Make Thunderbolt 3 Royalty-Free

Intel To Make Thunderbolt 3 Royalty-Free

In a move meant to increase the adoption of Thunderbolt 3, beginning next year Intel will no longer charge royalties to 3rd-party chipmakers who use the specification. This will ensure that the Thunderbolt 3 interface becomes the data... 
Facebook Introduces A Food-Ordering Feature In Its Main App

Facebook Introduces A Food-Ordering Feature In Its Main App

Facebook is rolling out a feature that will make it possible for users to order food from their favorite restaurants from the main app of the social media giant. The new feature will make it possible for users to make the orders without... 
Vivant Solar To Partner With Mercedes-Benz To Make Solar Battery for Smart Homes of the Future

Vivant Solar To Partner With Mercedes-Benz To Make Solar Battery for Smart Homes of the Future

Luxury automaker Mercedes-Benz has chosen to take a bold stance against new competitor Tesla Motors, but in an interesting department: solar batteries. Obviously, solar batteries would be a popular area of development for automakers... 
Foot Locker Says Delayed Tax Returns Accounts for Slower Sales

Foot Locker Says Delayed Tax Returns Accounts for Slower Sales

Shares of Foot Locker, Inc were down nearly 16 percent in trading on Friday after the athletic shoe and apparel retailers reported that its first quarter results were hit pretty hard by soft sales resulting from a delay in customers...