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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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »
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... More of this article »