Business

Rising Wages, Low Unemployment, and Falling Gas Prices Contribute to Best Holiday Shopping Season in Six Years

Posted by Mayfield Staff on Jan 1st, 2019 // No Comments

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...

Apple To Build New Campus In Austin

Posted by Toi Williams on Dec 13th, 2018 // No Comments

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 // No Comments

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...

After Biggest Biotech IPO in History, Moderna Tumbles on Wall Street

Posted by Mayfield Staff on Dec 10th, 2018 // No Comments

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...

Aetna and CVS Health Finalize $70 Billion Merger

Posted by James Haroldman on Dec 5th, 2018 // No Comments

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...

Disney and Fox Face Billion Dollar Lawsuit Over Abandoned Fox Theme Park in Malaysia

Posted by Mayfield Staff on Dec 5th, 2018 // No Comments

In 2013, Twentieth Century Fox announced its plans to build its very first theme park, in Malaysia, of all places. The company had hoped an investment in state-of-the-art technology will help the park compete with the likes of industry...