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Apple On A Business Buying Spree
Posted by Toi Williams on May 7th, 2019 //
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
Posted by Toi Williams on Apr 30th, 2019 //
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
Posted by Toi Williams on Apr 23rd, 2019 //
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
Posted by Toi Williams on Apr 16th, 2019 //
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...
Kellogg And Ferrero Agreed To $1.3 Billion Deal
Posted by Toi Williams on Apr 2nd, 2019 //
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
Posted by Toi Williams on Mar 31st, 2019 //
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...
Dick’s Removing Hunting Gear From 100+ Stores
Posted by Toi Williams on Mar 14th, 2019 //
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...
Lyft Prepares To Launch IPO
Posted by Toi Williams on Mar 3rd, 2019 //
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
Posted by Toi Williams on Feb 26th, 2019 //
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
Posted by Toi Williams on Feb 23rd, 2019 //
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
Posted by Toi Williams on Feb 16th, 2019 //
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
Posted by Toi Williams on Feb 12th, 2019 //
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...
Papa John’s Gets $200M Investment
Posted by Toi Williams on Feb 5th, 2019 //
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
Posted by Toi Williams on Jan 31st, 2019 //
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
Posted by Mayfield Staff on Jan 31st, 2019 //
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...
Netflix Announces Subscription Price Increase
Posted by Toi Williams on Jan 15th, 2019 //
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
Posted by Toi Williams on Jan 13th, 2019 //
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
Posted by Toi Williams on Jan 10th, 2019 //
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...
Apple To Build New Campus In Austin
Posted by Toi Williams on Dec 13th, 2018 //
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
Posted by Toi Williams on Dec 11th, 2018 //
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...
Aetna and CVS Health Finalize $70 Billion Merger
Posted by James Haroldman on Dec 5th, 2018 //
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...
