Lawsuit Says Poland Spring is not Spring Water

Lawsuit Says Poland Spring is not Spring Water

Posted by on Aug 19th, 2017

A lawsuit was filed in a Connecticut federal court earlier in the week that alleges Poland Spring water is not from an actual spring. The suit called the brand label, which reads “100% Natural Spring Water” a fraud. Poland Spring water is owned by Nestle, the Swiss based confectionery giant. The complaint is seeking the status... 
Americans Increase Food Purchases at Walmart

Americans Increase Food Purchases at Walmart

Posted by on Aug 18th, 2017

Competition has heated up amongst grocery store chains in the U.S. but Americans have started to buy more of their food while at Walmart. On Thursday, the retailer announced that its food sales grew to the highest in the past five... 
Hyundai Planning Premium, Long-Range Electric Car

Hyundai Planning Premium, Long-Range Electric Car

Posted by on Aug 17th, 2017

Hyundai Motor Co. announced on Thursday that it would now place electric vehicles front and center of its overall product strategy, one that has plans for a premium, long-range electric vehicle as it attempts to catch up to today’s... 
Air Berlin Insolvent as Funding Plug Pulled by Etihad

Air Berlin Insolvent as Funding Plug Pulled by Etihad

Posted by on Aug 15th, 2017

Air Berlin has filed for insolvency due to Etihad Airways, its leading shareholder withdrawing financial support. This marks the second failure for a major airline in Europe in the last four months after the funding of Alitalia SpA... 
White Supremacist Website Daily Stormer Told By GoDaddy to Leave

White Supremacist Website Daily Stormer Told By GoDaddy to Leave

Posted by on Aug 14th, 2017

Daily Stormer the controversial white supremacist website must find a new domain provider after it was given the boot by GoDaddy. The company through a tweet said that it had informed Daily Stormer that they must move their domain... 
J.C. Penney Increasing Women’s Apparel Offerings

J.C. Penney Increasing Women’s Apparel Offerings

Posted by on Aug 12th, 2017

J.C. Penney is attempting to revive its sales through focusing on increasing one category that most retailers are fleeing from: apparel. On Friday, the retailer reported that sales at same stores of its apparel business had underperformed... 
Snap Has Another Difficult Quarter

Snap Has Another Difficult Quarter

Posted by on Aug 11th, 2017

Snap, the parent company for Snapchat, the message app went public during March of this year, and has been closely watched as a barometer for Wall Street and Silicon Valley. The tech world has been scrutinizing Snap as a bellwether... 
Lego Makes Sudden Switch of CEO

Lego Makes Sudden Switch of CEO

Posted by on Aug 10th, 2017

On Thursday Lego abruptly made a change at the top by replacing CEO Bali Padda following just eight months with the reins, replacing the Briton who is 61 with a younger industrialist from Denmark. Lego is battling to become the biggest... 
China Exports and Imports for July Weaker Than Were Expected

China Exports and Imports for July Weaker Than Were Expected

Posted by on Aug 8th, 2017

China’s imports and exports expanded much less than had been expected during July, increasing the worries over if global demand was beginning to cool even as major central banks across the West consider pulling back on years of huge... 
Trump Company Protecting Its Brand in Gambling Hub Macau

Trump Company Protecting Its Brand in Gambling Hub Macau

Posted by on Aug 7th, 2017

The company managing the Donald Trump brand moved to protect its name in Macau, the area of China that surpassed the Las Vegas strip to become the largest gambling market in the world. This move does not indicate necessarily that the... 
Bill Ackman Making Comeback With ADP in His Sights

Bill Ackman Making Comeback With ADP in His Sights

Posted by on Aug 5th, 2017

Bill Ackman the embattled activist investor has started his comeback, but it does not appear he picked a target that will be easy. Automatic Data Processing, the outsourcer that handles payroll checks for more than 26 million workers... 
Toyota Links Up With Mazda to Build Plant in U.S. for Electric Cars

Toyota Links Up With Mazda to Build Plant in U.S. for Electric Cars

Posted by on Aug 4th, 2017

Toyota Motor Corp. and Mazda Motor Corp. are planning to build an assembly plant in the U.S. for $1.6 billion, the two companies announced on Friday, as part of their alliance that also sees the two automakers from Japan jointly developing... 
Outsider Takes CEO Post at Oreo Maker Mondelez

Outsider Takes CEO Post at Oreo Maker Mondelez

Posted by on Aug 3rd, 2017

Mondelez International on Wednesday named Dirk Van de Put as their new CEO. Van de Put prior to taking over as CEO at Mondelez was the head of McCain Foods the frozen foods maker in Canada. He will be replacing long-time CEO Irene... 
Pfizer Misses on Revenue After Fall in Demand for Prevnar

Pfizer Misses on Revenue After Fall in Demand for Prevnar

Posted by on Aug 1st, 2017

Pfizer Inc. posted quarterly revenue that missed estimates on Wall Street Tuesday, hurt from the drop in demand for Prevnar its blockbuster vaccine for pneumonia, along with other older drugs. Prevnar sales were down by 8.2% ending... 
Google’s Music Streaming Services To Be Merged

Google’s Music Streaming Services To Be Merged

Posted by on Jul 31st, 2017

The head of music at YouTube, Lyor Cohen, has revealed that the firm intends to merge YouTube Red with Google Play Music with a view to creating a new streaming service. Cohen’s revelation comes after he was quoted in a report that... 
Samsung In Record Profits As It Frets Over iPhone 8

Samsung In Record Profits As It Frets Over iPhone 8

Posted by on Jul 31st, 2017

On Thursday Samsung released its second quarter earnings report which revealed that the conglomerate made record profits arising largely from strong component sales. During the same period sales of the Galaxy S7 were eclipsed by those... 
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