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RBS In $5.5B Settlement With The Federal Housing Finance Agency
The Royal Bank of Scotland will pay approximately $5.5 billion in a settlement deal with authorities in the United States with regards to a probe on mortgage-backed securities following which stretched for months. The deal with the... More of this article »
Visa And Mastercard Eye Opportunities In Business-To-Business Payments
As tech companies such as PayPal, Alphabet and Apple were announcing new initiatives with regards to peer-to-peer payment services, Visa and Mastercard were focusing on business-to-business payment services, an area which is more lucrative... More of this article »
Twitter Takes Fight Against Fake News A Notch Higher
Reports indicate that Twitter is considering adding a feature which would allow users to flag tweets which contain false, harmful or misleading information. According to sources, the feature is in the prototype stage. A spokesperson... More of this article »
Amazon Prime Offering Discounted Smartphones Exclusively To Prime Customers
Amazon has announced that it will be offering a line up of smartphones that will be available at huge discounts exclusively for its Prime members. The smartphones will include Nokia 6 which is expected to be launched in the United... More of this article »
Home Depot And Menards Sued Over Lumber Sizes
Home Depot and Menards have been accused of deception with regards to the four-by-four boards. The two home improvement retailers are accused of failing to specify that the actual measurements of the 4×4 board are 3.5 by 3.5 inches... More of this article »
Wall Street Journal Reporter Fired Over Alleged Business Dealings With A Source
The chief foreign affairs reporter for The Wall Street Journal, Jay Solomon, has been fired over allegations that he violated the ethical guidelines of the publication after engaging in business deals with one of his sources. Some... More of this article »
Blockchain-Based ID System Unveiled For Refugees By Accenture And Microsoft
Microsoft and Accenture have partnered to develop a digital identification network that employs blockchain technology. This is part of project supported by the United Nations with a view to offering legal identity to more than one... More of this article »
Daimler Takes A Swipe On Tesla’s Electric Truck Ambitions
Daimler is planning to take Tesla head on, having unveiled its light-duty electric truck that has already covered more than 60,000Km. The wholly-owned Mercedes subsidiary is in the process of launching a limited series of the truck... More of this article »
Conagra Brands In Spaghetti And Meatball Recall
Meatball and spaghetti products weighing approximately 700,125 pounds has been recalled by Conagra Brands after they were mislabeled. According to the Agriculture Department the products were misbranded and contained undeclared allergens.... More of this article »
Uber’s Senior Executive For Asia Fired
A senior executive at Uber who obtained a rape victim’s medical records has been fired. The victim was raped in India by an Uber driver. The senior Uber executive, Eric Alexander, is the president of Uber’s business in Asia and... More of this article »
DARPA Chooses Boeing to Build New Prototype Spaceplane
The United States Defense Advanced Research Projects Agency (DARPA) has just announced its selection for designing the agency’s new Experimental Spaceplane, the XS-1. The department is enlisting Boeing to design and build this... More of this article »
Verizon’s Enhanced Video Service Coming Soon
Verizon’s chief executive officer Lowell McAdam has revealed that the once the 5G wireless service is launched in the years to come, the carrier will be in a better position to reach new customers beyond its Northeast stronghold... More of this article »
Boeing Bags Commercial And Military Deals From The Saudis
Boeing has emerged as one of the high-profile winners during the visit by the President of the United States to Saudi Arabia. This is after the aircraft maker inked a couple of commercial and defense deals with the kingdom that will... More of this article »
Could Amazon Crack Open the Pharmacy Space with new Business?
Bessemer Venture Partners health investor Steve Kraus remarked on a move by Amazon today, explaining that the company is looking to break into the pharmacy industry. The move into the pharmacy space, he says, is actually not very surprising... More of this article »
Macy’s Sales Down, Retailer Scrambles to Restructure
Shares of popular retailer Macy’s were down 10 percent in premarket trading on Thursday after the department store operator reported yet another in a trend of dismal results that appear to demonstrate the company is failing to... More of this article »
Accenture Awarded For Its Contribution In Deploying SAP Enterprise Software
Three SAP Pinnacle Awards have been given to Accenture. These include SuccessFactors Partner of the Year for big enterprise firms, Ariba Partner of the Year, and Hybris Partner of the Year for big enterprise firms. Receiving any of... More of this article »
Coach Buys Up Kate Spade
Investors in the Coach brand of luxury handbags think they are getting quite a bargain out of a recent acquisition. Coach Inc just spent $2.4 billion to acquire competitor Kate Spade & Co, sending Coach on one of its biggest stock... More of this article »
AT&T Might Turn To Debt Markets To Finance Time Warner Purchase
Reports indicate that AT&T will turn to the bond market in Europe in order to finance its purchase of Time Warner. The acquisition will cost AT&T $85.4 billion. In that regard, AT&T is said to be holding meetings in Europe... More of this article »
Caterpillar Shares Jump Even as the Company Cuts 2017 Earnings Guidance
On Tuesday, heavy industrial equipment maker Caterpillar reported stocks are up more than 6 percent in premarket trading, though they may have to cut full year forecasts on earnings per share due to higher than expected restructuring... More of this article »
Facebook To Have An Ethics Board For Its Brain-Computer Interface Technology
An ethics board will be assembled by Facebook in order to monitor the development of technology aimed at interfacing the brain with the computer to prevent ethics violations. This was disclosed during Facebook’s F8 conference. Plans... More of this article »
Elliott Management Calls Foul When Arconic CEO Quits Via Letter
Shares of Arconic Inc rose nearly 10 points on Monday to reach $28.44 in early trading after chief executive Klaus Kleinfeld resigned from the US-based specialty metals maker, amid great attempts by the Elliott Management hedge fund... More of this article »
Passenger Who Was Forcibly Removed From A United Airlines Flight To Sue
Attorneys of David Dao, the United Airlines passenger who was forcibly dragged out of a plane, have gone to court seeking to have the carrier preserve all the evidence that relates to the incident that occurred in Chicago, Illinois.... More of this article »
Major Ski Resort Companies To Merge In $1.5 Billion Deal
Aspen Skiing Company LLC is teaming up with KSL Capital Partners LLC to buy up Intrawest Resorts Holdings Inc, a company that owns six ski resorts across the whole of North America. The deal is reported to be worth approximately $1.5... More of this article »
Will Philly’s New “Soda Tax” Effectively Discourage Sugary-Drinks?
Beverage giant PepsiCo has just announced plans to cease sales of its six-pack cans and two-liter bottles in the city of Philadelphia, thanks to the city’s new—and controversial—“soda tax.” At the beginning of the year,... More of this article »
Just How Many Jobs Are At Risk to Automation In the Coming Decades
blood sample Over the past decade (or three)–and, actually, since the days of Romantic literature—the fear of technology getting out of hand has long been an awareness but maybe never a reality. Well, we are not quite there... More of this article »
Absent Comma Sets Off $10 Million Overtime Pay Lawsuit
Grammar snobs have something to rejoice about today, though the reason is not a pleasant one for those on the short end of a new punctuation snafu. Apparently, a single missing comma means that route delivery drivers for the Oakhurst... More of this article »
General Motors Corp To Add and/or Retain a Total of 900 Jobs
On Wednesday, General Motors Co announced a plan to add roughly another 220 jobs and to hold onto another 680 jobs at its Michigan facilities within the next year. The company makes this resounding pledge as President Donald J. Trump... More of this article »
Planned Parenthood Supporters Rally, Saturday, To Protest Pending Federal Funding Cut
Health care providers from Planned Parenthood, along with patients, supporters, and even elected officials are meeting up for a rally in the Boston Common, Saturday, to protest against the congressional attempts to cut funding for... More of this article »
Bridgewater Associates CEO To Execute Corporate Leadership Transition
Wall Street The founder of Bridgewater Associates, Ray Dalio, began his exit strategy 7 years ago. Upon turning 60, the high-flying hedge fund investor realized that, perhaps, retirement was nearing and began to work on a succession... More of this article »
Family Christian Retail Store Chain To Close All of Its Stores
Christian retail store chain Family Christian has just announced a plan to close all of its stores. After 85 years in business, the self-proclaimed (and it is probably true) “world’s largest retailer of Christian-themed merchandise”... More of this article »
Macy’s Profits Beats Estimates, but Sales Still in Decline
The department store chain, Macy’s Inc, has a long history of success in the United States but despite higher-than-expected quarterly profit the company continues to struggle. Indeed, perhaps the only reason the company managed... More of this article »
Humana Pulls Out of HealthCare Exchange; Will They Start a Trend?
Insurance provider Humana has chosen to leave the ObamaCare health care exchanges by the end of this year, a decision which industry experts warn could be somewhat devastating for a massive population of Americans come 2018. Of course,... More of this article »
Hologic Inc to Snatch Up Cynosure in New $1.65B Acquisition
Hologic, Inc (Nasdaq: HOLX) may be typically best known for its breast imaging devices and diagnostic products but this week they are making waves with the announcement to sign an agreement with leading medical aesthetics systems company,... More of this article »
Facebook Adds new Community Help Tool To Existing Safety Check Feature
Social media has become a place not only of community of safety. These days, everyone checks into apps like Facebook to check in on people and let others know we are safe in addition to talking about common interests. Typically, though,... More of this article »
Starbucks (and Others) Announce Plans to Hire or Assist Refugees Affected by US Muslim Ban
Starbucks is only one of a handful of notable American companies that has just announced plans to hire—and even house and support—people who have been affected by President Trump’s sweeping immigration ban. The plan is to... More of this article »
Wells Fargo Looks Forward To Recovering From A Tough Year
Towards the close of 2016, Wells Fargo faced an unprecedented scandal when an investigation determined that bank employees created millions of unauthorized—fake–bank accounts in the names of customers in order to reap various... More of this article »
Banks and Oil Stocks Hold Dow Industrial Average Just Shy of 20,000 Benchmark
The Dow Jones Industrial Average may have come closer than ever to clearing the historic 20,000 benchmark—within only a single point, on Friday—but even though investors were looking forward to moving on from this expectation and... More of this article »
Run-DMC Sues Amazon and Wal-Mart Over In Trademark Dispute
Hip-hop pioneers and moguls Run-DMC have filed a $50 million lawsuit in New York, on Thursday, which accuses several retailers of selling products under the group’s trademarked name. More specifically, the lawsuit alleges that... More of this article »
Frontier Airlines Suffering Perfect Storm of Poor Performance Stranding Fliers in Denver, this Week
Long lines at crowded airports are common in December, as busy working families head across the country to spend the holiday season with loved ones. But things at Denver International Airport got a little out of hand this week when... More of this article »
Bill Gates Leads Clean Energy Transformation Fund
Microsoft founder Bill Gates is heading the charge of a $1 billion fund aimed at fighting climate change through clean energy innovation investments. Gates leads a veritable all-star cast of investors who plan to announce, today, the... More of this article »
Amazon Partners with Intel On Smart Speaker Reference Design for Smart Home Tech
The race to the top of the Internet-of-Things (IoT) world has begun and, as could be expected, Apple and Google are leading the charge on the mobile front, though Microsoft should not be discounted. However, we should not count out... More of this article »
Obama Administration Issues new Rules on Methane Waste
America may have elected a new president but Mr. Trump will not take office until next year. Until that time, then, the Obama Administration still has a few loose ends he is trying to tie up. For one, the Department of the Interior... More of this article »
Analysts Slash Guidance for CVS as Prescription Growth Slows
Shares of CVS Health dropped more than 11 percent in premarket trading, on Tuesday, after the drugstore retailer revealed it missed revenue projections. Citing slowing prescription growth and a loss of contracts to industry rivals,... More of this article »
Humana Beats Profit Expectations On Medicare Business
While the Affordable Care Act has seen many players in the medical industry struggling, health insurer Humana appears to doing quite well. The company has just reported, on Friday, quarterly profit higher than they originally expected.... More of this article »
Burger King Sales Slowing, Parent Shares Fall Slightly
Burger King parent company Restaurant Brands International has reported that same-store sales in the United States have fallen 0.5 percent through the third quarter (ending September 30). Company CEO Danial Schwartz said, during the... More of this article »
US Factory Production Continues to Rise
US manufacturing output continues to rise—now the third time in four months—on the back rising sales of consumer goods and construction materials. Experts are now saying that this is a major sign that the industry is recovering—albeit... More of this article »
Tech and Energy Stocks Drag Wall Street
Both the Dow and the Standard & Poors 500 showed losses, on Wednesday, as financial stocks rose in anticipation of the soon-to-come minutes from the September Federal Reserve policy meeting. Five of the eleven major S&P indexes... More of this article »
Shares of Bristol-Myers Fall to 2-Year Low After Cancer Drug Trial Fails to Reach Endpoint
Shares of Bristol-Myers Squibb Co fell to its lowest mark in roughly two years on the heels of its immune-based therapy Opdivo failing to surpass expectations in a recent study. This of course, has introduced questions over whether... More of this article »