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Walmart Is Laying Off Hundreds As It Renews Online Push

Walmart Is Laying Off Hundreds As It Renews Online Push

Hundreds of corporate jobs are being eliminated by Walmart as the retail giant moves to enhance its online presence and regain the low-cost pricing advantage it had in the retail sector in the United States. Through a spokesperson,... 
Payless To Close Hundreds Of Stores As It Files For Bankruptcy

Payless To Close Hundreds Of Stores As It Files For Bankruptcy

Payless Shoe Source has filed for bankruptcy as it plans to shutter about 400 locations across the United States as well as in Puerto Rico. By filing for Chapter 11 bankruptcy, the footwear retailer is hoping to shed debt. This will... 
Now You Can Pay Cash For Things You Buy On Amazon, Sort Of

Now You Can Pay Cash For Things You Buy On Amazon, Sort Of

It looks like Amazon is getting into the digital payments game with a new program called Amazon Cash.  While it is certainly similar to other digital payment programs—in that it allows you to make payments online without a credit... 
EU Regulators Green Light Dow and DuPont Merger

EU Regulators Green Light Dow and DuPont Merger

While it was announced over a year ago, the Dow Chemical Co and DuPont Co merger only yesterday won approval from the European Union. This &77 billion merger of two of the biggest—and oldest—US chemical producers will likely... 
GameStop To Close 150 Stores In Light of Falling Sales

GameStop To Close 150 Stores In Light of Falling Sales

Online gaming has become quite a beast in the entertainment world; so much, in fact, that it is actually taking its toll on video game retailers. For example, the once popular GameStop has just announced plans to close several dozen... 
Disney To Pay Collective $3.8 Million in Back Wages After Department of Labor Alleges Hour Wage Violations

Disney To Pay Collective $3.8 Million in Back Wages After Department of Labor Alleges Hour Wage Violations

The Disney Corporation is the largest entertainment company in the world. Last year, they reported $55.6 billion in revenue. 

And a big part of the company’s revenue, of course, comes from theme parks. And these theme parks... 
EPA Finds Monsanto Was Ghostwriting Cancer Study on Roundup; New Lawsuit Will Force the Company To Label Product as Carcinogenic

EPA Finds Monsanto Was Ghostwriting Cancer Study on Roundup; New Lawsuit Will Force the Company To Label Product as Carcinogenic

American farmers are among many who are part of a class action suit against Monsanto, alleging that the company did not warn [customers] that its glyphosate-based weed killer can greatly increase the risk for developing non-Hodgkin’s... 
Exxon To Invest $20 Billion in Refining Projects along US Gulf Coast

Exxon To Invest $20 Billion in Refining Projects along US Gulf Coast

Today, President Donald J. Trump offered his congratulations to the Exxon Mobil Corporation for its new—and extremely ambitious—$20 billion investment program aimed at creating at least 45,000 construction and manufacturing jobs... 
Dick’s Shakes Up Inventory To Cut Costs As Many Big-Box Retailers Continue to Struggle

Dick’s Shakes Up Inventory To Cut Costs As Many Big-Box Retailers Continue to Struggle

Major US sporting goods retailer Dick’s Sports has posted a big loss in afternoon trading on Tuesday, with shares falling in value by 7.9 percent. This is an 8-month intraday low. The decline comes as a bit of a surprise after... 
Will GM’s Sale to Opel European Improve The Market as A Whole?

Will GM’s Sale to Opel European Improve The Market as A Whole?

General Motors Co has apparently agreed to sell its Opel European division to the French automobile giant, PSA Group. If and when this multi-billion dollar deal finally goes through, it could very quickly change the landscape of the... 
Dow Surges, Wednesday, Following President Trump’s Congressional Address

Dow Surges, Wednesday, Following President Trump’s Congressional Address

Even by market open on Wednesday, US equities were already trading higher, marked by the Dow Jones Industrial average climbing higher than 21,000 points for the first very first time, following President Donald Trump’s Congressional... 
New FCC Chairman To Slow-to-a-Halt Net Privacy Rules Passed In October

New FCC Chairman To Slow-to-a-Halt Net Privacy Rules Passed In October

The newly-appointed administration of President Trump continues to waste very little time dismantling so much of what the Obama administration set out to accomplish. This time, new US Federal Communications Commission chairman Ajit... 
Burger King Owner—Restaurant Brands International—To Buy Popular Popeye’s Louisiana Kitchen Chain

Burger King Owner—Restaurant Brands International—To Buy Popular Popeye’s Louisiana Kitchen Chain

Restaurant Brands International is a corporation that owns several, well, restaurant brands. This includes popular fast food franchise as well as the Tim Hortons coffee shop chain. Tuesday, the company announce plans to acquire the... 
Kraft Heinz Looks to Take Over Unilever

Kraft Heinz Looks to Take Over Unilever

Shares of Unilever soared upwards of ten percent on Friday even after the Anglo-Dutch consumer goods giant declined a takeover offer from Kraft Heinz Co. Indeed, the company says that the offer “fundamentally undervalues”... 
Aetna and Humana Cease Pending $34 Billion Merger Agreement

Aetna and Humana Cease Pending $34 Billion Merger Agreement

For a minute, there, it seemed like health insurance rivals Aetna Inc and Humana Inc were set to merge but since their $34 billion deal was recently blocked by a federal court, on antitrust grounds, it appears the companies are terminating... 
AIG Closes 12-Year NYAG Fraud Investigation in $9.9M Settlement

AIG Closes 12-Year NYAG Fraud Investigation in $9.9M Settlement

Maurice “Hank” Greenberg is the former chief executive of American International Group (AIG) but has just agreed to a settlement that will finally close his ongoing 12-year battle with the office of the New York attorney general,... 
Seattle Votes to Sever Ties with Wells Fargo As Form of DAPL Protest

Seattle Votes to Sever Ties with Wells Fargo As Form of DAPL Protest

This week, the Seattle City Council voted yesterday—and voted unanimously—to end its banking relationship with Wells Fargo. This is a staunch form of protest to let the bank know that the entire city of Seattle does not support... 
Keytruda Gest FDA Priority Review For Pembrolizumab as Second-LIne Bladder Cancer Treatment

Keytruda Gest FDA Priority Review For Pembrolizumab as Second-LIne Bladder Cancer Treatment

The United States Food and Drug Administration (FDA) has just granted a priority review for a supplemental Biologics License Application (sBLA) for Keytruda’s pembrolizumab. Keytruda wants to introduce the drug as a potential... 
Consumer Spending—And Inflation—Up in December

Consumer Spending—And Inflation—Up in December

The numbers are in and it looks like consumer spending was up in December, making it that biggest economic driver, last month, responsible for at least two-thirds of growth in the United States. Thus, the core inflation index increased... 
American Airlines Profits Drop From Taxes and Fuel, but Meet Wall Street Expectations

American Airlines Profits Drop From Taxes and Fuel, but Meet Wall Street Expectations

American Airlines has announced that profits for the fourth quarter are lower but still managed to meet Wall Street expectations. Yes, that is even in spite of the fact that profits dropped 91 percent in the fourth quarter as a result... 
Kroger Joins List of American Companies Adding Thousands of Jobs Over the Next Year

Kroger Joins List of American Companies Adding Thousands of Jobs Over the Next Year

If you are one of the millions of Americans who are looking for work—maybe you’ve been looking for awhile, for something permanent, and you are beginning to lose hope—you might be in luck. Supermarket chain Kroger joins a... 
Pharmaceutical Company Settles $100 Million Anti-competitive Lawsuit with FTC

Pharmaceutical Company Settles $100 Million Anti-competitive Lawsuit with FTC

Five states are teaming up with the United States Federal Trade Commission in a $100 million settlement with Mallinckrodt ARD Inc. You may know this company better by its former name: Questcor Pharmaceuticals Inc. The settlement intends... 
Will Tiffany Rebound from Weak Holiday Earnings?

Will Tiffany Rebound from Weak Holiday Earnings?

Shares of iconic luxury jeweler Tiffany (TIF) are up 33 percent in the last six months but the stock is still down 5.3 percent in premarket trading this week, thanks to weaker-than-expected holiday sales. In July, TIF shares hit an... 
McDonald’s Inks $2.1 Billion Deal to Sell China Unit

McDonald’s Inks $2.1 Billion Deal to Sell China Unit

For more than half a century McDonald’s has been a staple in America. The fast food chain was immensely popular through the 80s and 90s in the US, expanding to several international markets at the same time. Indeed, the name... 
JC Penney (and Other Retailers) Report Weak Holiday Sales

JC Penney (and Other Retailers) Report Weak Holiday Sales

The retail industry has been in decline over the past decade or so, mostly from the rise in online stores and options that have offered better deals and more convenience to the consistently more and more busy American. Traditionally,... 
Iconix Brand Group Unloads Sharper Image to Streamline Portfolio

Iconix Brand Group Unloads Sharper Image to Streamline Portfolio

The specialty retailer Sharper Image is known for its interesting—and often pricey—electronic gadgets. The brand was extremely popular during the 1990s and into the new millennium but now its owner Iconix Brand Group is unloading... 
Tesla Signals Price Hike in UK Markets

Tesla Signals Price Hike in UK Markets

Electric carmaker Tesla Motors has been growing steadily in popularity over the past few years but the company is still saying they are going to have to push up the price of its UK models due to what the company is calling “currency... 
Retailers Brace For Busy Christmas Eve This Saturday

Retailers Brace For Busy Christmas Eve This Saturday

Retailers are bracing for what could be the biggest shopping day of the year, this year. Typically, the Saturday before Christmas is a pretty hectic day—as the final weekend, essentially, before Christmas. But with the holiday falling... 
Boeing Needs China’s Business; Teeters on Trump’s Campaign Promises

Boeing Needs China’s Business; Teeters on Trump’s Campaign Promises

Boeing Co Inc—yes, the airplane manufacturer—is the largest exporter in the United States, supporting upwards of 150,000 American jobs every single year, explains company vice chairman Ray Conner. Furthermore, next year, customers... 
Asahi Pays Big for AB InBev Beer Brands, but Was it Worth It?

Asahi Pays Big for AB InBev Beer Brands, but Was it Worth It?

In Tokyo, Japan, this week, Asahi Group Holdings Ltd has signed an agreement to acquire brewing assets from Anheuser-Busch InBev NV in five Eastern European countries at a price of roughly of $7.8 billion.  This, of course, is just... 
FTC Says AT&T Wireless Must Refund $88 Million in Massive US Mobile Cramming Case

FTC Says AT&T Wireless Must Refund $88 Million in Massive US Mobile Cramming Case

It looks like US wireless carrier AT&T is prepared to issue refunds in excess of $88 million to customers who had been bill unauthorized third-party charges on their monthly mobile bills. According to the United States Federal... 
Niantic Teams up with Sprint—and Starbucks—for New Pokemon Go Cross Promotion

Niantic Teams up with Sprint—and Starbucks—for New Pokemon Go Cross Promotion

Pokemon Go was the mobile app hit of last summer but while the buzz may have quieted, the game—and community—are still as alive as ever.  But it never can hurt to do a little cross promotion, particularly around the holidays,... 
Nikola Motor Co Introduces Impressive Electric Long-Haul Truck

Nikola Motor Co Introduces Impressive Electric Long-Haul Truck

The long haul trucking industry runs on tight schedules and even tighter profit margins so when new technology comes along—which is somewhat rare—it is important to identify how it could contribute to making the business easier... 
Cognizant Shares Soar on News of Elliott Management Stake Purchase

Cognizant Shares Soar on News of Elliott Management Stake Purchase

Shares of IT-services firm Cognizant—one of the largest in the world—are up 8 percent today (just shy of $58) and reaching a near-three month high on the heels of a 4 percent stake purchase from activist investor Elliott Management.... 
Online Sales Dominate On Thanksgiving Day; Before Black Friday and Cyber Monday

Online Sales Dominate On Thanksgiving Day; Before Black Friday and Cyber Monday

Many people braved the elements on Thanksgiving as part of the recently developed holiday shopping trend of camping out (or simply buying early) for ridiculous “Black Friday” deals in anticipation of the Christmas holiday. However,... 
Symantec Will Buy LifeLock for In $2.3 Billion Deal

Symantec Will Buy LifeLock for In $2.3 Billion Deal

The week is just getting started but Symantec Corp has already announced plans to acquire US identity theft protection services company LifeLock Inc for a reported $2.3 billion. The company hopes that this new property will help to... 
Volvo Launches New Luxury Concierge Service

Volvo Launches New Luxury Concierge Service

It looks like Volvo cars has plans to launch a new web-connected car app—and concierge services program—that will actually provide drivers with access to certain car ownership tasks that can get redundant, though they are completely... 
Does Facebook Racially Profile its Users For Advertising Purposes?

Does Facebook Racially Profile its Users For Advertising Purposes?

By now everyone is used to advertising on Facebook. However, it has recently come to light that the social network provides options to advertisers that allow them to exclude specific groups of people based on “Ethnic Affinities.” Options... 
NY Comptroller Projects Wall Street Will Close With Higher Profits This Year

NY Comptroller Projects Wall Street Will Close With Higher Profits This Year

It looks like Wall Street is getting back on track; numbers indicate they could post higher profits this year. More importantly, this could put an end to three straight years of declines. Reports show that the industry had an impressive... 
Caterpillar Doing Well But Lower Sales Forecast Through Next Year

Caterpillar Doing Well But Lower Sales Forecast Through Next Year

Large equipment company Caterpillar, Inc has just cut its sales forecast for the fourth time, warning also that next year may just be more of the same struggles. Sluggish growth and low commodity prices contribute to miners and diggers... 
Efficient Packaging and new Formulation Help Coca Cola Grow Despite new Regulation

Efficient Packaging and new Formulation Help Coca Cola Grow Despite new Regulation

Over the past several years the soda lobby has spent millions of dollars to stop the new soda tax (aka, “sugar tax”) which has incrementally increased the cost of sugar-laden products. Unfortunately for the soda companies the law... 
Chinese Tourism Firm HNA Group To Take 25 Percent Stake in Hilton

Chinese Tourism Firm HNA Group To Take 25 Percent Stake in Hilton

Major Chinese tourism conglomerate, HNA Group, is reportedly buying a 25 percent stake in Hilton Hotels International. This is a transaction valued at roughly $6.5 billion, the equivalent of about $26.25 per share, in cash. Perhaps... 
Xerox Sued by Largest Individual Investor Over Plans To Split the Company

Xerox Sued by Largest Individual Investor Over Plans To Split the Company

Darwin Deason is Xerox Corp’s largest individual shareholder (and the fourth largest shareholder, overall). However, that may not be the case much longer as the billionaire has just filed a lawsuit to prevent the company from... 
Stanley Black & Decker Plans to Buy Newell Tool Business for nearly $2 Million

Stanley Black & Decker Plans to Buy Newell Tool Business for nearly $2 Million

Stanley Black & Decker (SWK) agreed to buy Newell Brands (NWL) tool business this week in a $1.95 billion cash bid to expand their industrial cutting equipment sector. The sale, then, will now give Irwin, Lenox, and Hilmor brands...