Deere & Co. (NYSE: DE), the world’s largest farm equipment maker, has reported an increase in profit for the quarter ended Feb. 2 that was unexpected by analysts. Quarterly profit was $517 million, or $1.63 per share, up...
Mills Inc. (NYSE: GIS) is embarking on a new plan to increase profitability for
the business. CEO Jeff Harmening detailed the plan at the annual Consumer
Analyst Group of New York (CAGNY) investor conference. According...
Dean Foods, the largest U.S. milk producer, will be selling a “substantial”
part of it business to Dairy Farmers of America (DFA), an agricultural
cooperative that represents roughly 14,000 dairy producers. As...
district judge has ruled in favor of Sprint’s $26 billion deal to merge with T-Mobile.
The merger would form a wireless giant with 126 million customers. T-Mobile
said after the verdict that it expects the deal to close...
21 has reportedly reached a deal to sell its retail business for $81 million. The
sale would include all of Forever 21’s assets, including its remaining stores
and its beauty line RileyRose. According to the bankruptcy...
planemaker Airbus is set to pay a record $4 billion fine to settle charges that
it bribed public officials and hid the payments as part of a pattern of
worldwide corruption. According to the U.S. Department of Justice,...
measures to fight against the vast amounts of counterfeit goods flooding into
the U.S. have been announced by the Trump administration. Chad Wolf, acting secretary
of the Department of Homeland Security (DHS), announced new...
maker Bose Corporation is closing all of its brick-and-mortar retail stores
across several global markets, including every retail location in North
America. The company announced that it is about to close 119 stores,...
(NYSE: TGT) has joined a growing list of retailers reporting meager
performances during the critical holiday shopping season. The company reported
same-store sales were up just 1.4 percent during November and December,
agreed to pay $76 million in back pay to settle allegations from National Labor
Relations Board (NLRB) of violating federal labor law more than 15 years ago. The
agency said in a statement that the settlement was the largest...
Kreme is rolling out miniature versions of four of their most popular doughnuts
as their newest permanent menu item. The North Carolina-based doughnut chain
has chosen Original Glazed, Chocolate Iced Glazed, Chocolate Iced...
newest “buyer beware” story of the holiday season, a new report shows that some
Amazon sellers have been offering items sourced from the trash as new items for
sale on the platform. An investigation by The Wall Street...
Mobil Corp. (NYSE: XOM) won a major victory in the oil giant’s multiyear battle
against the state of New York. Justice Barry Ostrager in Manhattan Supreme
Court ruled that the company did not defraud investors by hiding...
Mexican Grill (NYSE: CMG) CEO Brian Niccol outlined a number of the company’s
new health initiatives during an investors’ conference held earlier this week. The
new steps are being taken after a slew of
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
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...
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
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
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...
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
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
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
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
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 (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
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
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 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
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
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...
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
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
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 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
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
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 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 (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
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.
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
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
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
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...
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...
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
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 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, 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...
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
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...