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Disney Reaches Deal For Full Operational Control Of Hulu

Disney Reaches Deal For Full Operational Control Of Hulu

Walt Disney Co. (NYSE: DIS) and Comcast Corp. (NASDAQ: CMCSA) have announced a deal for Disney to purchase Comcast’s stake in Hulu that will allow Disney to take “full operational control” of the streaming service, effective immediately.... 
Walmart Expanding Into Pet Care Industry

Walmart Expanding Into Pet Care Industry

Walmart Inc. (NYSE: WMT) has decided to make a large leap into the pet care industry. According to an announcement from the company, Walmart will be launching a new online pet pharmacy and will be adding veterinary clinics to... 
Apple On A Business Buying Spree

Apple On A Business Buying Spree

Apple Inc. (NASDAQ: AAPL) is reportedly on a business buying spree, snapping up between 20 and 25 companies in the last six months, according to a statement from CEO Tim Cook. That is a significant jump from last year, when... 
Marriott Launching Property Rental Service

Marriott Launching Property Rental Service

Marriott International Inc. (NASDAQ: MAR) will be rolling out a new Airbnb-like rental service, called Homes & Villas by Marriott International. Stephanie Linnartz, Marriott’s chief commercial officer, said in a release... 
Harley-Davidson Reports Plunge In Earnings

Harley-Davidson Reports Plunge In Earnings

Motorcycle manufacturer Harley-Davidson Inc. (NYSE: HOG) reported a sharp drop in quarterly net income for the first quarter of its fiscal year. The company reported that net income for the quarter was $127.9 million, compared to... 
Walmart Launching Subscription Box For Kids

Walmart Launching Subscription Box For Kids

Walmart Inc. (NYSE: WMT) is teaming up with KIDBOX for a subscription service that will create and deliver packages of kids’ clothing and accessories to customers across the nation. KIDBOX is an online subscription... 
Dutch Regulators Open Probe Into Apple’s Business Practices

Dutch Regulators Open Probe Into Apple’s Business Practices

Apple Inc. (NASDAQ: AAPL) is facing an antitrust probe in the Netherlands into whether Apple abuses a dominant market position by favoring its own apps over those of its rivals. A statement from Netherlands’ Authority for Consumers... 
Kellogg And Ferrero Agreed To $1.3 Billion Deal

Kellogg And Ferrero Agreed To $1.3 Billion Deal

Kellogg Co. (NYSE: K) has reached a deal to sell its Keebler cookies brand and numerous other assets to Nutella maker Ferrero for $1.3 billion. According to reports, the deal is expected to close by the end of July. Ferrero retained... 
Nestle Sued Over Spring Water Claims

Nestle Sued Over Spring Water Claims

A federal judge in Connecticut has advanced a class-action lawsuit claiming that Poland Spring water doesn’t come from an actual spring. The bottled water company’s owner, Nestle SA, advertises the brand as “100% Natural Spring... 
Court: Remington Can Be Sued Over 2012 Sandy Hook Attack

Court: Remington Can Be Sued Over 2012 Sandy Hook Attack

A major blow has been dealt to the firearms industry as the Connecticut Supreme Court has ruled that Remington can be sued and potentially held liable in the 2012 mass murder at Sandy Hook Elementary School in Newtown, Conn. The... 
Dick’s Removing Hunting Gear From 100+ Stores

Dick’s Removing Hunting Gear From 100+ Stores

Dick’s Sporting Goods Inc. (NYSE: DKS) has announced plans to pull hunting gear from approximately 125 Dick’s stores starting around August. Dick’s defines the hunting gear category as rifles and ammunition, plus “accessories... 
Family Dollar To Close Stores in Strong Restructuring and Rebranding Effort

Family Dollar To Close Stores in Strong Restructuring and Rebranding Effort

Family Dollar is a discount retail chain brand that sells bargain goods at a very cheap price.  Essentially a franchise of dollar stores, you can find most of the most common household products at these outlets: from... 
Lyft Prepares To Launch IPO

Lyft Prepares To Launch IPO

Lyft Inc. has filed publicly for an initial public offering (IPO). The application to the Securities and Exchange Committee reveals everything about the planned IPO but the actual share price. Lyft is apparently seeking a market... 
Appeals Court Approves AT&T-Time Warner Merger

Appeals Court Approves AT&T-Time Warner Merger

A three-judge panel on a federal appeals court has ruled in approval of AT&T’s (NYSE: T) merger with Time Warner. The decision from the U.S. Court of Appeals for the DC Circuit ends a long legal battle between AT&T... 
Berkshire Hathaway Posts Rare Loss

Berkshire Hathaway Posts Rare Loss

Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) posted a $25.4 billion loss in the fourth quarter in a rare net loss for the company. According to a statement from the company, the loss was driven by big price declines... 
Uber Reports Another Loss For 4th Quarter

Uber Reports Another Loss For 4th Quarter

Uber reported another loss for the fourth quarter of the 2018 fiscal year when it released limited financial results this week. On an adjusted basis, the company’s losses for the quarter were 88 percent higher than the previous... 
Amazon Purchasing Wi-Fi Startup Eero

Amazon Purchasing Wi-Fi Startup Eero

Amazon.com Inc. (NASDAQ: AMZN) and mesh-networking Wi-Fi company Eero have entered into a merger agreement for the retailer to acquire the startup for an undisclosed sum. The terms of the deal have not been disclosed and neither... 
Will US Stocks Rebound After Trade Talks with China?

Will US Stocks Rebound After Trade Talks with China?

US stocks are poised to open higher and build on strength, Tuesday, soaring on hopes that US and China trade tensions will cool after negotiators meet this week, in the Chinese capital city of Beijing.  Current data shows... 
Papa John’s Gets $200M Investment

Papa John’s Gets $200M Investment

Papa John’s International Inc. (NASDAQ: PZZA) is rolling in dough after receiving a $200 million investment from hedge fund Starboard Value. In the deal’s announcement, the hedge fund’s CEO Jeffrey C. Smith said, “Papa John’s... 
Tesla Posts Another Quarterly Profit

Tesla Posts Another Quarterly Profit

Tesla Inc. (NASDAQ: TSLA) has announced its second consecutive quarterly profit, marking the first time the company has reported back-to-back profitable results. On an unadjusted basis, Tesla made $139.5 million, or 78 cents... 
US Consumer Confidence Drops to 18-Month Low

US Consumer Confidence Drops to 18-Month Low

Since 2010, consumer confidence has been on quite a steady incline. Some months—some years—have been better than others, of course, but consumer confidence in America hit an 18-year high just three months ago, hitting 137.9... 
Apple Posts Holiday Quarter Declines In Profit And Revenue

Apple Posts Holiday Quarter Declines In Profit And Revenue

Apple Inc. (NASDAQ: AAPL) just reported its worst performance during the holiday quarter in roughly a decade. Profits for the quarter ended in December fell to $19.97 billion, down from roughly $20 billion in the same quarter... 
Netflix Announces Subscription Price Increase

Netflix Announces Subscription Price Increase

Netflix (NASDAQ: NFLX) has announced that it would be raising its subscription prices in the United States. The price increases will be applied to all existing subscribers over the next few months, while new members will be charged... 
SpaceX Announces Plans To Cut Workforce By 10 Percent

SpaceX Announces Plans To Cut Workforce By 10 Percent

Rocket company SpaceX has announced plans to lay off about 10 percent of its workforce in the coming weeks. The workforce reduction was announced in an email sent to employees by President Gwynne Shotwell. The move is expected... 
Macy’s Had A Disappointing Holiday Season

Macy’s Had A Disappointing Holiday Season

Macy’s (NYSE: M) didn’t sell as much merchandise during the holidays as executives had hoped, resulting in the company reporting disappointing sales results for the November and December period. The department store giant... 
Rising Wages, Low Unemployment, and Falling Gas Prices Contribute to Best Holiday Shopping Season in Six Years

Rising Wages, Low Unemployment, and Falling Gas Prices Contribute to Best Holiday Shopping Season in Six Years

Investors in US stocks did not have a very good Christmas, but retailers have had quite the week as sales this 2018 holiday season are the strongest in six years.  Rising more than 5 percent since last year, US consumers spent over... 
Apple To Build New Campus In Austin

Apple To Build New Campus In Austin

Apple Inc. (NASDAQ: AAPL) has announced new plans to spend $1 billion on building a new campus in Austin, Texas. The new Austin campus will be located in North Austin and will occupy 133 acres. The new facility will have a workforce... 
Verizon Taking $4.6 Billion Loss On Media Division

Verizon Taking $4.6 Billion Loss On Media Division

Verizon (NYSE: VZ) expects to write down the value of its Oath business by $4.6 billion in the fourth quarter of this year. The company made the declaration in a Securities and Exchange Commission document filed on Tuesday. The Oath... 
After Biggest Biotech IPO in History, Moderna Tumbles on Wall Street

After Biggest Biotech IPO in History, Moderna Tumbles on Wall Street

At the end of the wee, Moderna logged one of its worst days for any company that went public this year, on the heels of investors selling the volatile biotechnology firm during a time of widespread market decline. Indeed, the Nasdaq... 
Aetna and CVS Health Finalize $70 Billion Merger

Aetna and CVS Health Finalize $70 Billion Merger

It has been a year since CVS Health and Aetna agreed to merge in a strategy to revamp health care in the United States and this week, they sealed the deal.  Now finalized, the deal brings together one of the largest pharmacy chains... 
Disney and Fox Face Billion Dollar Lawsuit Over Abandoned Fox Theme Park in Malaysia

Disney and Fox Face Billion Dollar Lawsuit Over Abandoned Fox Theme Park in Malaysia

In 2013, Twentieth Century Fox announced its plans to build its very first theme park, in Malaysia, of all places. The company had hoped an investment in state-of-the-art technology will help the park compete with the likes of industry...