Ruby Tuesday is Going Private in Deal for $146 Million
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...