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Bird Officially Raises $300 Million as Scooter Competition Heats Up

Bird Officially Raises $300 Million as Scooter Competition Heats Up

Bird, a Scooter startup that has been hugely hyped, has completed a funding round of $300 million with Sequoia Capital leading the way. The funding round, which was long anticipated, was announced... 
Harley-Davidson Moving Some Production Overseas

Harley-Davidson Moving Some Production Overseas

The trade policy of President Donald Trump is hurting motorcycle maker Harley-Davidson. Some of its motorcycle production for its customers in Europe will be moved by the company out of the U.S.... 
Chanel Releases Earnings for First Time in 108-Year History

Chanel Releases Earnings for First Time in 108-Year History

Chanel released its annual financial results for the first time ever this week. Chanel has products, such as a handbag that can cost $5,000 or more, but for the first time in its 108-year history... 
Xiaomi Lowers Valuation After Delaying Mainland Share Offering

Xiaomi Lowers Valuation After Delaying Mainland Share Offering

Xiaomi the smartphone maker based in China has lowered its valuation following the decision it took to delay a mainland share offering until following its IPO in Hong Kong. The new valuation... 
GM Names First Female CFO

GM Names First Female CFO

A woman will be taking over the role of CFO at General Motors this fall marking the first time the automaker has had a female in that role. Dhivya Suryadevara, who is 39, will become the CFO... 
Worker Says Tesla Did Not Allow Him to Organize Union

Worker Says Tesla Did Not Allow Him to Organize Union

An employee with Tesla Inc. who was organizing a union was asked by both his supervisor and security guards at the company to leave the plant after he handed out flyers that were pro-union, said... 
McDonald’s Turnaround Plan in US Includes Layoffs

McDonald’s Turnaround Plan in US Includes Layoffs

McDonald’s is modernizing its restaurants through installing kiosks for ordering, making the drive-thru experience better and adding curbside pickups. Through this process of turning the business... 
Nektar Stock Plunges on Worries Over Trial Results of Cancer Drug

Nektar Stock Plunges on Worries Over Trial Results of Cancer Drug

Nektar Therapeutics saw a third of its stock value disappear on Monday during trading after the response rates in kidney and melanoma cancer patients decreased during the mid-stage trial of its... 
Lyft Weighing Acquisition of Citi Bike Operator Motivate

Lyft Weighing Acquisition of Citi Bike Operator Motivate

Lyft Inc. is holding talks to buy Motivate, the Citi Bike operator, at a price of $250 million, said one person who is familiar with this matter. The talks are not completed and still could fall... 
Drop in Oil Prices Picks Up Speed

Drop in Oil Prices Picks Up Speed

Prices of oil increased to their highest point in more than three years a week ago, which shocked many at the rate in which they climbed. A week later and prices are freefalling. US crude futures... 
Samsonite Stock Plummets Following Questions Over Business Practices

Samsonite Stock Plummets Following Questions Over Business Practices

Trading in shares of Samsonite were suspended following an accusation made against the largest maker of luggage in the world for questionable business practices, by an investment company. In... 
Sources: GE Close to Merging Transportation Division with Wabtec

Sources: GE Close to Merging Transportation Division with Wabtec

General Electric Co is closing in on  a deal that would merge its transportation division, which makes train engines with U.S rail industry equipment makers Wabtec, said a pair of people with... 
PayPal Acquires Payments Company iZettle in Deal Worth $2.2 Billion

PayPal Acquires Payments Company iZettle in Deal Worth $2.2 Billion

PayPal is placing a huge bet on point-of-sale transactions, markets outside the United States and small businesses as it attempts to grab a bigger foothold against Stripe, Square and other payments... 
Employees in China at ZTE Cheer Tweet by Trump

Employees in China at ZTE Cheer Tweet by Trump

Employees at telecom equipment maker ZTE Corp, based in China, cheered on U.S. President Donald Trump’s tweet that suggested resolution was in sight for the ban on sales to the telecom company. In... 
Dropbox Stock Drops Despite Beating the Street

Dropbox Stock Drops Despite Beating the Street

On Thursday, stock at Dropbox was up and down before eventually falling after the company posted its results for the first quarter that were better than had been expected for its first earnings... 
Nordstrom Rack Makes Apology for Wrongly Accusing Three Black Teens

Nordstrom Rack Makes Apology for Wrongly Accusing Three Black Teens

The Nordstrom Rack president was going to fly personally to St. Louis in order to apologize to three teens who are black that were falsely accused of stealing in one of the chain’s stores. Eric... 
Conoco Moving to Take Over Assets of PDVSA in Caribbean

Conoco Moving to Take Over Assets of PDVSA in Caribbean

Conoco/Phillips the oil giant based in the U.S. is moving on taking over Caribbean assets of PDVSA the state-run Venezuelan oil business to enforce an arbitration award of $2 billion over a nationalization... 
Twitter Tells 336 Million to Change Passwords

Twitter Tells 336 Million to Change Passwords

On Thursday, Twitter said that a bug was found that unmasked its encrypted passwords in an internal log, and that it suggested its more than 330 million users reset their passwords. The CTO of... 
Restaurant in Toronto Must Pay $10,000 for Racial Profiling

Restaurant in Toronto Must Pay $10,000 for Racial Profiling

A popular restaurant in Toronto was fined $10,000 by the Human Rights Tribunal of Toronto for racial profiling that was determined to be in violation of the human rights code of Ontario. The... 
PepsiCo Tops Estimates on Earnings

PepsiCo Tops Estimates on Earnings

On Thursday, PepsiCo posted earnings for the first quarter that beat the Street, but its core beverage business of North America continued struggling. PepsiCo earnings per share reached 96 cents... 
Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Inc. reaffirmed its shipments forecast for the full year and said it is expecting dealers to sell more of its motorcycles in markets overseas, offering hope to the struggling... 
Tech Companies Push to Solar and Wind, Hurting Coal

Tech Companies Push to Solar and Wind, Hurting Coal

Each time you purchase something through Amazon, or open a photo on cloud, stream a movie or work on a Google doc, you are likely pulling electricity that has been generated by a Virginia solar... 
Margaret Georgiadis Steps Down from Mattel CEO Post

Margaret Georgiadis Steps Down from Mattel CEO Post

Mattel Inc. said Thursday that Ynon Kreiz a member of the board and an executive in digital media would replace CEO Margaret Georgiadis, who is resigning after just 14 months in charge of the... 
IBM Shares Fall on Guidance That Disappoints

IBM Shares Fall on Guidance That Disappoints

Shares of IBM were down over 6% after the company posted earnings that were better than had been expected on Tuesday for the first quarter. IBM posted per share earnings of $2.45 while analysts... 
Profit for First Quarter at JP Morgan Beats the Street

Profit for First Quarter at JP Morgan Beats the Street

On Friday, JP Morgan Chase posted earnings for the first quarter that beat both the top and bottom lines, though its growth in trading revenue remained light. Revenue for the quarter reached... 
Ignore Warranty-Void-If-Removed Tags FTC Calls Them Worthless

Ignore Warranty-Void-If-Removed Tags FTC Calls Them Worthless

A big barrier to fixing things for yourself is the stickers that say “warranty-void-if-removed.” Often times the stickers happen to be strategically placed in areas that might need repair... 
China Joins Battle with Hong Kong and U.S. for Tech Listings

China Joins Battle with Hong Kong and U.S. for Tech Listings

When Hong Kong Exchange CEO Charles Li announced last year plans to help with the next wave of tech giants from China to go public in that city, bankers were celebrating. Finally they felt that... 
HR Chief at Nike Says Company Failed with Minorities and Women

HR Chief at Nike Says Company Failed with Minorities and Women

Nike did not gain traction when it came to hiring and promoting more minorities and women to positions that were senior-level according to a memo from the HR Chief at Nike that was sent to the... 
Customer Data Leaked by Panera Bread on Website Despite being Warned

Customer Data Leaked by Panera Bread on Website Despite being Warned

Online security experts allege that Panera Bread the bakery-café chain based in the U.S. had millions of its customers’ personal data available as well as searchable on its website for a minimum... 
U.S. Looks At Including Wage Factor for Auto Rules in NAFTA

U.S. Looks At Including Wage Factor for Auto Rules in NAFTA

Trade negotiators for the U.S. are considering a plan that would introduce rules under a renegotiated NAFTA that stipulate a specific amount of production of autos must be completed in areas... 
Shire Stock Surges Following News of Possible Bid by Takeda

Shire Stock Surges Following News of Possible Bid by Takeda

Takeda Pharmaceutical is considering bidding to takeover Shire Plc, a bid that could be more than $50 billion and represent the largest ever for the company. If it were to take over Shire, the... 
Uber Sells Business in Southeast Asia to Grab

Uber Sells Business in Southeast Asia to Grab

Uber, the giant of ride-hailing services, is selling its Southeast Asia business to Grab, its rival in the region, while gaining a substantial stake in the fast growing ride-hailing, financial... 
Loss Posted by Nike Caused by Tax Law, Beats Expectations

Loss Posted by Nike Caused by Tax Law, Beats Expectations

Nike posted a loss for the quarter for the first time in 20 years thanks to a tax expense of $2 billion related to the recent tax law changes in the U.S. However, the sneaker maker’s results... 
Claire’s Stores Files for Bankruptcy Protection

Claire’s Stores Files for Bankruptcy Protection

Claire’s Stores a jewelry chain found in malls has filed Chapter 11 bankruptcy protection as it hopes to escape large debts that are preventing it from being a bright spot in today’s dim... 
Wells Fargo Facing Sanctions For Payouts of Auto Insurance

Wells Fargo Facing Sanctions For Payouts of Auto Insurance

Regulators in the U.S. are preparing sanctions for Wells Fargo for being paid commissions on auto insurance policies that it helped force on over 500,000 drivers, said people who have direct... 
President Trump Blocks Bid By Broadcom to Acquire Qualcomm

President Trump Blocks Bid By Broadcom to Acquire Qualcomm

On Monday President Donald Trump blocked the bid of $117 billion by Broadcom to acquired chipmaker Qualcomm, citing concerns over national security and sending out a clear message that he will... 
Steel Tariffs in U.S. Could Cost U.S Steelworkers Their Jobs

Steel Tariffs in U.S. Could Cost U.S Steelworkers Their Jobs

Steelworkers are worried that the big tariffs that President Donald Trump is imposing on imported steel and aluminum will cost them their livelihoods. In western Pennsylvania’s Mercy County... 
China Exports Soar Despite Tension with Trade

China Exports Soar Despite Tension with Trade

Exports from China surged in February, which further widened its worldwide trade surplus during a time when the White House administration has been putting special focus on the trade deficit... 
Fresh Beef Arriving at McDonald’s

Fresh Beef Arriving at McDonald’s

McDonald’s is launching fresh beef Quarter Pounders. The talk of fresh beef is no longer just talk, it is now reality. On Tuesday, the burger chain announced that it has started selling fresh... 
European Union May Target U.S. Imports in Trade Retaliation

European Union May Target U.S. Imports in Trade Retaliation

The European Union is considering placing tariffs of 25% on close to $3.5 billion in imports from the U.S. if the plan U.S President Donald Trump has for applying duties to aluminum and steel... 
Spotify Files for IPO

Spotify Files for IPO

On Wednesday, music streaming services Spotify said it would be going public. The company will start trading under the ticker symbol SPOT on the New York Stock Exchange and according to a spokesperson... 
Instacart Joining Forces with Sam’s Club for Delivery Service

Instacart Joining Forces with Sam’s Club for Delivery Service

Things have become a bit more interesting in the grocery delivery landscape in the U.S., as Sam’s Club, which is a division of Walmart, has agreed to partner with Instacart in a deal that offers... 
Geely Chairman Grows Stake in Daimler to $9 Billion

Geely Chairman Grows Stake in Daimler to $9 Billion

The chairman of Geely the Chinese carmaker has built up a stake of nearly 10% in Daimler the owner of Mercedes Benz, making a bet of $9 billion that he will have success in pushing through an... 
North America President of Ford Raj Nair Sacked

North America President of Ford Raj Nair Sacked

President of Ford North America Raj Nair, an important veteran with the company and one of the first promoted by Jim Hackett the Ford CEO, was ousted Wednesday in an abrupt fashion amidst the... 
KFC Suffering from Shortage of Chicken in the UK

KFC Suffering from Shortage of Chicken in the UK

KFC has 900 restaurants scattered across the UK and each one has a big problem on its hands. The chain of fast food restaurants was originally called Kentucky Fried Chicken before taking on just... 
Kraft Heinz Sales in U.S. Decline, Teases Over Possible Deal

Kraft Heinz Sales in U.S. Decline, Teases Over Possible Deal

Kraft Heinz, which makes Heinz Ketchup and Kraft Macaroni & Cheese amongst other well-known brands, could acquire another large food company, and form a food giant in the processed food industry... 
Cisco to Repatriate $67 Billion in Cash

Cisco to Repatriate $67 Billion in Cash

Another huge sum of money will be repatriated to the U.S. following the approval of the new tax law and much of it will go into investor’s pockets. Tech giant Cisco announced on Wednesday that... 
Gun Maker Remington Files for Bankruptcy Protection

Gun Maker Remington Files for Bankruptcy Protection

U.S. based Remington Outdoor Company Inc., which is one of the largest firearms makers  in the U.S., announced on Monday it reached an agreement with its creditors to file Chapter 11 bankruptcy... 
L.L. Bean Ending Policy of Unlimited Returns

L.L. Bean Ending Policy of Unlimited Returns

The generous return policy of L.L. Bean will soon be less forgiving. The Maine-based company, which has touted 100% satisfaction guaranteed for over a century, will impose a limit of one-year... 
Fake Porn Banned on Reddit

Fake Porn Banned on Reddit

Reddit has followed other platforms online in cracking down on the posting of fake porn that is made with the use of artificial intelligence. The content, referred to as “deepfakes,” superimposes...