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General Mills Has New Plan To Increase Profitability
General 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... More of this article »
Dairy Farmers of America Acquiring Part Of Dean Foods
Dallas-based 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... More of this article »
Merger Of T-Mobile And Sprint Approved By Judge
A U.S. 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... More of this article »
Forever 21 To Sell Retail Business
Forever 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... More of this article »
Airbus To Pay Record $4 Billion Fine
European 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,... More of this article »
U.S. Ramps Up Fight Against Counterfeit Goods
New 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... More of this article »
Bose Closing Every Store In North America
Audio equipment 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,... More of this article »
Target Misses Expectations For Holiday Season
Target Corp. (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, compared... More of this article »
CNN Settles Labor Law Violations For $76 Million
CNN has 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... More of this article »
Mini Doughnuts Now On Krispy Kreme Menu
Krispy 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... More of this article »
Some Amazon Sellers Turn Trash Into Cash
In the 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... More of this article »
Exxon Mobil Wins Climate Change Lawsuit
Exxon 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... More of this article »
Chipotle Outlines New Health Policies
Chipotle 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 high-profile... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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”... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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,... More of this article »
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... More of this article »
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... More of this article »
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.... More of this article »