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UAW, FCA Agree On Proposed Contract

UAW, FCA Agree On Proposed Contract

The United Auto Workers (UAW) union and Fiat Chrysler Automobiles (NYSE: FCAU) have reached a tentative labor deal, ending two weeks of negotiations. The UAW, one of the country’s largest and most powerful labor unions,... 
Charles Schwab Buying TD Ameritrade

Charles Schwab Buying TD Ameritrade

San Francisco-based Charles Schwab (NYSE: SCHW) has announced that it is buying TD Ameritrade Holding Corp. (NASDAQ: AMTD), the Omaha-based online brokerage firm, for about $26 billion in an all-stock deal. The deal is expected... 
Congress Agrees To Tackle Robocall Problem

Congress Agrees To Tackle Robocall Problem

The problem of robocalls has been one of the rare issues that has united lawmakers of both parties. Now, key lawmakers in the House and Senate say that they have agreed on legislation to tackle the problem. A final agreement has... 
New Gin Contains Surprising Ingredient

New Gin Contains Surprising Ingredient

A gin infused with an unlikely ingredient is bringing a lot of attention to a South African couple. Their special variety of gin, Indlovu Gin, is infused with elephant droppings, which gives the gin a flavor the creators... 
Amazon To Launch New Grocery Store

Amazon To Launch New Grocery Store

Amazon.com Inc. (NASDAQ: AMZN) has announced plans for opening a new grocery store in Los Angeles some time next year.  The new store will be located in the Woodland Hills community in a store reported to be a 35,000... 
Uber Making Big Push Into Financial Services

Uber Making Big Push Into Financial Services

Ride-hailing platform Uber Technologies Inc. (NYSE: UBER) is launching a suite of financial products aimed at making transactions and payments easier for its drivers and riders. The new suite financial products and technologies... 
Artists Pledge To Boycott Amazon Over ICE Connections

Artists Pledge To Boycott Amazon Over ICE Connections

More than 400 artists have sent an open letter to Amazon.com Inc. (NASDAQ: AMZN) pledging to boycott Amazon events and partnerships unless the company cuts ties with U.S. Immigration and Customs Enforcement (ICE). The open letter,... 
McDonald’s Misses On Earnings And Revenue

McDonald’s Misses On Earnings And Revenue

McDonald’s Corp. (NYSE: MCD) missed expectations for both earnings and revenue in the third quarter, sending its shares falling. The company reported earnings per share of $2.11 on revenue of $5.4 billion for the quarter. Analysts... 
Bank Of America Posts Better-than-expected Profit And Revenue

Bank Of America Posts Better-than-expected Profit And Revenue

Bank of America Corp. (NYSE: BAC) beat analysts’ estimates for both profit and revenue in the third quarter. The bank earned 56 cents in per-share earnings from $12.1 billion in net interest income. The consensus expectation... 
General Electric Announces Employee Pension Plan Freeze

General Electric Announces Employee Pension Plan Freeze

General Electric (NYSE: GE) has announced that it is freezing the pensions of 20,000 U.S. salaried workers and 700 employees in its supplemental pension program. According to GE, the workers affected by the change won’t accrue... 
Dick’s Sporting Goods Destroys Unsold Assault Rifles

Dick’s Sporting Goods Destroys Unsold Assault Rifles

Dick’s Sporting Goods (NYSE: DKS) has destroyed about $5 million worth of assault rifles after deciding not to sell them or return them to manufacturers. The CEO of Dick’s Sporting Goods, Ed Stack, said that the company turned... 
We Co. Takes New Path Under New Leadership

We Co. Takes New Path Under New Leadership

We Co. is trying to right its ship with new leadership after Adam Neumann stepped down as chief executive. We’s new co-chief executives, Artie Minson and Sebastian Gunningham, are planning to chart a new course for the company.... 
Amazon Makes It Easier To Pay Cash For Purchases

Amazon Makes It Easier To Pay Cash For Purchases

Amazon.com Inc. (NASDAQ: AMZN) is making shopping on its platform easier for people who prefer paying with cash versus plastic. Amazon PayCode, currently available in 19 countries around the world, will roll out to U.S. shoppers... 
Walmart Expanding Grocery Delivery With New Program

Walmart Expanding Grocery Delivery With New Program

Walmart Inc. (NYSE: WMT) will be giving its customers access to unlimited same-day grocery deliveries this fall with its Delivery Unlimited program. The company has been testing the program in Houston, Miami, Salt Lake City, and... 
Target Hiring 130,000 For Holiday Season

Target Hiring 130,000 For Holiday Season

Target Corp. (NYSE: TGT) has announced plans to hire more than 130,000 seasonal workers for the holiday shopping season to work in its stores and distribution centers. According to the retailer, about 125,000 jobs will be positioned... 
Roku Smart TVs To Be Available In Europe

Roku Smart TVs To Be Available In Europe

Roku Inc. (NASDAQ: ROKU) has announced that it will let manufacturers license reference designs for its TVs and use Roku OS to create smart TVs for sale in Europe. It expects to launch its first TVs in the U.K. toward the end... 
Disney Announces New Partnership With Target

Disney Announces New Partnership With Target

The Walt Disney Company (NYSE: DIS) and Target Corp. (NYSE: TGT) have announced a partnership that will see the companies collaborate on several projects over the next few years. The first project, new Disney-focused digital... 
Disney Accused Of Inflating Revenue

Disney Accused Of Inflating Revenue

A former senior financial analyst for Walt Disney Co. (NYSE: DIS) has accused the company of repeatedly and systematically overstating its revenue for years. Sandra Kuba, who worked for Disney’s revenue operations unit for 18... 
Bayer Seeks To Settle Roundup Claims For $8 Billion

Bayer Seeks To Settle Roundup Claims For $8 Billion

Monsanto parent company Bayer AG has reportedly offered $8 billion to settle claims that its Roundup weedkiller causes cancer. The $8 billion deal would settle the roughly 18,000 claims that the company is currently facing, as... 
Apple Sued Over Siri Recordings

Apple Sued Over Siri Recordings

Apple is facing a class-action lawsuit claiming that the company’s Siri voice assistant is violating user privacy by allegedly recording consumers and minors without consent. The lawsuit also accuses Apple of failing to... 
DoorDash Buys Caviar For $410 Million

DoorDash Buys Caviar For $410 Million

DoorDash has expanded its food delivery empire with the purchase of Caviar, a high-end food delivery and catering business. The acquisition was announced during the second-quarter sales report for Square, which acquired Caviar... 
Surescripts’ Fight With Amazon Escalates

Surescripts’ Fight With Amazon Escalates

Surescripts’ battle with Amazon-owned (NASDAQ: AMZN) PillPack has escalated to a new level. Surescripts is accusing a company called ReMy Health of providing PillPack with patient prescription information “fraudulently”... 
Toys R Us Returning For Holidays

Toys R Us Returning For Holidays

Toys R Us toy stores will be coming back to the United States in time for the 2019 holiday season. The announcement was made by Tru Kids, the company that bought the rights to the Toys R Us brand. Two new stores are set to open... 
Citigroup Tops Estimates For Profit And Revenue

Citigroup Tops Estimates For Profit And Revenue

Citigroup (NYSE: C) has beat analysts’ expectations for second-quarter profit and revenue. The bank posted profit of $4.79 billion, or $1.95 per share, compared with the $1.80 expected by analysts. This was a 20 percent rise... 
Opioid Maker Agrees To $1.4 Billion Settlement

Opioid Maker Agrees To $1.4 Billion Settlement

Reckitt Benckiser Group (RB Group) has reached a $1.4 billion settlement with the U.S. government to end criminal and civil investigations into the marketing of its Suboxone addiction treatment medication. The U.S. Department... 
Walmart Plans Big Investment In China Operations

Walmart Plans Big Investment In China Operations

Walmart Inc. (NYSE: WMT) announced plans to invest more than a billion dollars into its China operations over the next two decades. Roughly 8 billion yuan ($1.2 billion) will be used to create new distribution centers in China.... 
Ford Closing European Factories

Ford Closing European Factories

Ford Motor Company (NYSE: F) has announced that it will close or sell six of its manufacturing plants across Europe by the end of 2020. As part of a major cost-cutting plan, the company is reducing its manufacturing footprint... 
New Airbnb Feature Has Thousands Of High-end Listings

New Airbnb Feature Has Thousands Of High-end Listings

A new feature on Airbnb gives users access to over 2,000 exclusive luxury properties around the world. The feature, named Airbnb Luxe, is for those looking to rent high-end properties, including castles, beachfront villas, entire... 
Amazon Lays Off Dozens Of Game Studios Employees

Amazon Lays Off Dozens Of Game Studios Employees

The final day of E3 ended with bad news for a number of Amazon (NASDAQ: AMZN) Game Studios employees. According to reports, “dozens” of employees were told they were being laid off from the company. Employees affected by the... 
Bankruptcy In The Works For Insys Therapeutics

Bankruptcy In The Works For Insys Therapeutics

Insys Therapeutics (NASDAQ: INSY), based in Chandler, Ariz., has filed for bankruptcy protection under Chapter 11 of the federal bankruptcy code. The company said it would continue operating while it comes up with a plan to pay... 
The North Face Under Fire For Wikipedia Edits

The North Face Under Fire For Wikipedia Edits

Outdoor apparel company The North Face, owned by VF Corp. (NYSE: VFC), is getting slammed across the internet and by Wikipedia for a marketing stunt that replaced photos of some of the world’s most iconic adventure destinations... 
Abercrombie & Fitch Closing 3 Flagship Stores

Abercrombie & Fitch Closing 3 Flagship Stores

Abercrombie & Fitch Co. (NYSE: ANF) has announced that it will be closing three more of its flagship stores. The company will be closing a Hollister store in the SoHo neighborhood in New York; an Abercrombie store in Milan,... 
Arcadia Group To Close U.S. Topshop Stores

Arcadia Group To Close U.S. Topshop Stores

Arcadia Group has announced plans to close all of its Topshop stores in the United States as part of its filing for bankruptcy protection. The move comes just 10 years after Topshop’s glitzy, celebrity-filled launch in... 
Taco Bell Hotel Coming This Summer

Taco Bell Hotel Coming This Summer

Taco Bell, owned by Yum! Brands Inc. (NYSE: YUM), has announced its (temporary) entrance into the hotel industry. Starting in June, fans of the brand can reserve a room at The Bell: A Taco Bell Hotel and Resort for stays starting... 
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...