Business

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 service that creates style boxes based on kids’…

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 & Markets said…

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…

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 Water.” U.S. district Judge Jeffrey…

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…

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 associated with firearms, hunting apparel, anything associated with…

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 cleaners to health and…

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 value of as much…

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 and…

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 in…