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Walmart Keeping Pace With Amazon During Third Quarter

Walmart Keeping Pace With Amazon During Third Quarter

It is no easy chore trying to unseat e-commerce behemoth Amazon as the biggest online player. It might just be impossible to do, but Walmart it doing all it can to succeed. One Wall Street analyst said Walmart will not become Amazon,... 
Amazon Cuts Whole Foods Prices as Holidays Approach

Amazon Cuts Whole Foods Prices as Holidays Approach

This week Amazon.com announced that it would offer additional discounts and steeper cuts in prices at its Whole Foods Market for many groceries and organic foods that are popular during the holiday season. Amazon’s plan was released... 
Tencent Profit for the Third Quarter Surges

Tencent Profit for the Third Quarter Surges

Tencent Holdings Ltd. the internet giant based in China posted a jump of 69% in net profit for the quarter, easily beating Wall Street estimates, thanks to strong revenue growth from its games on smartphones and payment services. Net... 
Home Depot Comparable Sales Smash Estimates on Wall Street

Home Depot Comparable Sales Smash Estimates on Wall Street

Quarterly sales of same-stores at Home Depot crushed analyst estimates, thanks to the home improvement retailer experiencing an increase in customer transactions, and shoppers have been on average spending more in its stores. Following... 
SoftBank to Invest Billions of Dollars with Uber

SoftBank to Invest Billions of Dollars with Uber

Japanese technology giant SoftBank reached an agreement with ride-sharing startup Uber to make an investment in the billions of dollars. Uber Technologies confirmed the investment during a statement made Sunday but did not release... 
Nordstrom Returns to Profit, Sales Numbers Disappoint Investors

Nordstrom Returns to Profit, Sales Numbers Disappoint Investors

Nordstrom posted a profit for the third quarter of $114 million compared to posting a loss for the same period one year ago, but the operators of upscale department stores saw a drop in a key sales metric and cut its outlook for profit... 
AT&T and U.S. Regulators at Odds Over Deal for Time Warner

AT&T and U.S. Regulators at Odds Over Deal for Time Warner

Antitrust regulators in the U.S. and AT&T held tense discussions on Wednesday over whether the second largest wireless carrier in the U.S. would have to sell CNN a Timer Warner cable network as one of the conditions of receiving... 
Snapchat Weak Ads Sales and User Growth Prompts Redesign

Snapchat Weak Ads Sales and User Growth Prompts Redesign

One of the biggest complaints users have about video messaging app Snapchat is that it is confusing. On Tuesday, Snap, Inc. the parent company of Snapchat finally conceded that, that must change. Still reeling following the third straight... 
Uber and Rivals Join Forces to Stop Regulation in Brazil

Uber and Rivals Join Forces to Stop Regulation in Brazil

Uber Technologies has formed an alliance of unprecedented proportion in Brazil with other companies offering ride-hailing services including 99 it biggest rival in the country, in an attempt to win support of the public to block new... 
Truck Companies in U.S. Going Through Merging Trend

Truck Companies in U.S. Going Through Merging Trend

The consolidation of the trucking industry in the U.S. is increasing in speed, with large trucking companies along with private equity firms absorbing smaller firms as a regulatory mandate in the country will go into effect while drivers... 
Apple Blasts Past the Street With iPhone 8 Help

Apple Blasts Past the Street With iPhone 8 Help

The priciest smartphone in Apple’s lineup has barely reached store shelves, but the anticipation did not stop consumers from handing over their money. Apple posted its quarterly earnings Thursday that were far above Wall Street expectations... 
Kraft Heinz Comes Up Short of Estimates

Kraft Heinz Comes Up Short of Estimates

Kraft Heinz Co just missed expectations on Wall Street for sales during the third quarter and warned that it would be hurt during the fourth quarter by many consumers in the U.S. working through emergency stores from hurricanes. Excluding... 
Largest Publisher of Academic Books Bows to Censors in China

Largest Publisher of Academic Books Bows to Censors in China

Another giant in the publishing world is found to be blocking access in China to academic research. Springer Nature, which says it is the biggest publisher in the world of academic books, confirmed that it restricts access to over... 
Under Armour Cuts Outlook for Full Year, Shares Plunge

Under Armour Cuts Outlook for Full Year, Shares Plunge

Under Armour posted revenue for the third quarter Tuesday that came up short of Wall Street expectations due to weaker demand across North America. The athletic apparel and footwear retailer also cut its revenue and profit outlook... 
Lennar Agrees to Acquire CalAtlantic in $9.3 Billion Deal

Lennar Agrees to Acquire CalAtlantic in $9.3 Billion Deal

Lennar Corp. the homebuilder, announced on Monday it has entered into a definitive merger agreement to buy CalAtlantic Group, at a price of $9.3 billion, which includes net debt at CalAtlantic of $3.6 billion that it will assume. Under... 
Boston Beer Betting Cans Can Boost Sales

Boston Beer Betting Cans Can Boost Sales

Boston Beer has placed a bet that cans can increase its sales with millennials. The brewery, based in New England, makes Samuel Adams lager as well as Angry Orchard hard cider, will roll out several new beers over the upcoming year,... 
Ford Easily Beats Wall Street on Earnings

Ford Easily Beats Wall Street on Earnings

Ford Motor easily beat expectations on Wall Street on Thursday driven for the most part by reductions in costs. The automaker announced it has been cutting costs across several of its departments. Costs also were comparably lower for... 
Shares of Chipotle Fall As Profit Disappoints, Fewer Store Openings

Shares of Chipotle Fall As Profit Disappoints, Fewer Store Openings

Chipotle Mexican Grill announced on Tuesday that it would open fewer new restaurants and posted quarterly sales and earnings that disappointed, as it struggles in its recovery from a run of lapses in food safety. Shares for the burrito... 
Ever Wonder How the Smart Phone of the Future will be Like?

Ever Wonder How the Smart Phone of the Future will be Like?

Predicting the future of smart phones is not quite tricky. Imagining how the future mobile phone will look like is. It was only 3 decades ago when the thought of carrying around a small, portable device that could allow you to make... 
Sears Will No Longer Sell Whirlpool Appliances

Sears Will No Longer Sell Whirlpool Appliances

Sears Holding will cut its ties to Whirlpool and no longer sell its products, which include KitchenAid, Jenn-Air and Maytag subsidiaries, showed an internal memo at Sears that was sent last week to its stores. Sears in the memo wrote... 
Reports: Cisco Closing in on Deal to Buy BroadSoft

Reports: Cisco Closing in on Deal to Buy BroadSoft

Cisco Systems, the largest networking gear maker in the world, is near to signing a deal to acquire telecommunications software maker BroadSoft based in the U.S. for as much as $2 billion, said a person close to the situation late... 
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... 
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... 
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... 
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... 
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...