Home » Headlines
Yelp Shares Soar on Unexpected Profit and Eat24 Sale
Shares of Yelp rallied by up to 20% in trading afterhours on Thursday following the announcement it was selling one of its companies to GrubHub and would buy back shares worth $200 million. Yelp will sell its Eat24 business, an online... More of this article »
Apple Asks India Government for Tax Breaks for its Suppliers
Apple Inc. has asked the government of India to give tax breaks to the iPhone maker’s suppliers if the south Asia country wants to become one of the manufacturing hubs for the iPhone and its many components. Officials in India say... More of this article »
Seattle Approves Sugar Tax
On Monday, the Seattle City Council approved a new tax to be issued on distributors of sugary drinks like soda pop. Those in favor of the new tax defended that it would not only cut back on consumption of the unhealthy beverages on... More of this article »
Car Ownership Dwindling As Consumers Turn To Lyft And Uber
An opinion poll conducted by Reuters/Ipsos showed that out of the close to 25% of American adults who traded in or sold their car in the last one year, about 9% of that group opted for ride services such as Uber and Lyft to meet their... More of this article »
Delta Airlines To Conduct Trials Of Facial Recognition Technology For Checking In
Delta Air Lines has revealed that it will test facial recognition technology in the next couple of weeks for flyers using the self-service bag drop facility. Initially this will be done at the MSP – Minneapolis/St. Paul International... More of this article »
Qualcomm Planning To Lodge Appeal Blocking U.S iPhone Imports
A bitter feud between Apple and Qualcomm over royalty payments is threatening to get out of hand. Reports indicate that the chip giant is considering asking the International Trade Commission to block iPhone sales in the U.S over the... More of this article »
Female Leopard Shark Spontaneously Bears Young Despite Absence of Mate
Life finds a way. The singularly iconic phrase from the original Jurassic Park movie is both trite and true in terms of unexpected evolution, but there is evidence of this everywhere. Today, the evidence comes in the form of a female... More of this article »
US Mortgage Activity Stable and Should Continue To Improve
New US mortgage applications may have slowed towards the end of 2016 but that does not necessarily mean the housing market is in for a slowdown. Data released from the Mortgage Bankers Association shows that borrowing costs fell from... 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 »
Do Uber Drivers Racially Discriminate Against Riders?
A new report from Bloomberg, released today, indicates that some Uber drivers in Boston will turn down passengers based solely on “black-sounding name” or a photo of a “black” face—twice as often as average. The study, conducted... More of this article »
Salesforce Encourages Regulators Examine Microsoft’s LinkedIn Buyout Offer
Earlier this year, Salesforce had declared its plans to acquire LinkedIn but Microsoft swooped in with an agreement to pay $26.2 billion for the network, in July. This, of course, put a stop to Salesforce’s plans, at least for... More of this article »
College Just Got Cheaper For Massachusetts Students
Massachusetts has announced an initiative to offer tuition rebates to full-time students in the state. Called the Commonwealth Commitment, the program gives students a 10 percent rebate on tuition and fees at the end of each completed... More of this article »
Maryland Offering Annual Grants For 529 College Savings Plans
Many states have been taking action to help parents save money for their kids’ college educations through enrolling in 529 college savings plans. States, which typically sponsor the 529 plans, have been offering more income tax breaks... More of this article »
Kohl’s Says Sales Might Fall in 2016
Kohl’s Corp the operator of a department store chain in the U.S. warned that its sales might fall in 2016 and said it would likely not meet its target for 2017 of sales of $21 billion due to a weak economy and a consumer spending... More of this article »
Sears Loss Widens During 4Q on Poor Holiday Sales
A fourth quarter loss for Sears widened despite the retailer making deep cost cuts after the retailer, which has struggled for numerous quarters, limped through its important holiday shopping season. The company promised investors... More of this article »
Mars Candy Bars Recalled After Plastic Found
On Tuesday, Mars, the chocolate maker based in the United States announced that it would recall candy bars along with other items in 55 European countries as well as elsewhere after plastic was discovered in one product. Roel Govers,... More of this article »
Government in the U.S. Cracking Down on Hoverboards
Hoverboards, which are lacking an independent safety certification or basically all that were sold thus far in the United States, pose imminent hazard and are subject now to seizure or recall by the government of the United States,... More of this article »
Surging Prices of Produce Push Up Inflation in Canada
The annual inflation rate for Canada hit 2% in January as the weaker Canadian dollar continued driving up the prices of fresh vegetables and fruits, said the federal statistics agency on Friday. The January inflation number for year... More of this article »
WHO Seeking $56 Million to Help Fight Zika, Hope of Vaccine Moves Forward
The World Health Organization or WHO has called for $56 million on Wednesday for its plan of combating the spreading Zika virus. The disease is quickly spreading and has been linked to birth defects in parts of Brazil and is now confirmed... More of this article »
Snapchat Experiences Long Outage, Working to Find Fix
Multiple users of Snapchat, the photo based social network have used Twitter to express frustration over the long outage of the site that has stopped them form exchanging video and photos. The messaging service, that is image based... More of this article »
Anglo American Gives Business an Overhaul
Anglo American is selling more of its assets, suspending dividends until 2016 year-end and whittling down its divisions from six to three due to the severe commodity price drops, said the mining company Tuesday. The overhaul of the... More of this article »
Oil Price Touches Low of Post 2009, As Glut Expands
On Tuesday, oil prices continued declining with U.S. crude dropping below a per barrel price of $37 and Brent falling below $40 for just the first time since the early months of 2009. This came amidst new fears that the world is running... More of this article »
Qualcomm Accused by EU of Using Market Power to Advantage
Antitrust regulators with the European Union have charged U.S. based Qualcomm with abusing its market share power to thwart its rivals, putting the number one mobile chipmaker in the world at risk of receiving a large fine. The European... More of this article »
Gas Prices Continue to Fall or Remain Steady—Near Six-Year Low
In some parts of the United States, gas prices might fall—or have already fallen—below $2.00. In Palm Beach County, FL, for example, the price has not changed from $2.25 per gallon of regular unleaded over the past week, but many... More of this article »
JAB Acquisition of Keurig Green Mountain Signal the Beginning of the End for the Coffee Industry?
Coffee is the most popular beverage in the world, consumed—in some form or another—by just about every culture on almost every continent of this planet. Of course, this means that coffee comes in many forms and for those in the... More of this article »
Finnish Government Considers Giving Everyone A Modest Basic Income
Of all the countries in the world to make global headlines—in all the different ways it could be done—Finland is often the last you would think of. But that is precisely what they are doing this week as the country’s government... More of this article »