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Best Buy No Longer Will Sell CDs Beginning July 1

Best Buy No Longer Will Sell CDs Beginning July 1

The CD revolutionized the music industry during the 1980s and 1990s but could become a thing of the past. On Monday, Billboard announced that Best Buy would stop its sales of the compact disc... 
Wells Fargo Stock Sinks After Bank’s Growth Restricted

Wells Fargo Stock Sinks After Bank’s Growth Restricted

Shares of Wells Fargo plunged after the Federal Reserve announced on Friday that it was restricting the size of Wells Fargo in response to its widespread consumer abuses. Wells Fargo, because... 
eBay Will No Longer Use PayPal as Main Payment Processor

eBay Will No Longer Use PayPal as Main Payment Processor

One of the most storied relationships in the tech industry will soon end. eBay has announced that it is going to stop working with PayPal as its main payment service beginning in 2020, and would... 
Tyson Foods’ Invests in Startup Memphis Meats

Tyson Foods’ Invests in Startup Memphis Meats

Memphis Meats the “clean” or alternative meat startup has a mission to eradicate protein that is sourced from livestock. The company, based in Silicon Valley announced an investment from... 
Sources: Gun Maker Remington Using Debt Restructuring Advisors

Sources: Gun Maker Remington Using Debt Restructuring Advisors

Remington Outdoor Company Inc., which is one of the largest makers of firearms in the U.S., is working with Lazard Ltd, an investment bank, on options for restructuring its debt of $950 million,... 
Kroger and Alibaba Hold Business Development Talks

Kroger and Alibaba Hold Business Development Talks

U.S. grocery store chain Kroger Co. and Chinese e-commerce and tech giant Alibaba Group Holdings have held early stage talks about working together, that included meetings where U.S. executives... 
Bacardi Buying Patrón Spirits, Will Mix Rum and Tequila

Bacardi Buying Patrón Spirits, Will Mix Rum and Tequila

Bacardi Ltd. is adding the ultra-premium top-selling tequila brand in the world to its portfolio of spirits with the announced acquisition of Patrón Spirits International. This agreement for... 
Travel Ban Challenge to Be Heard by Supreme Court

Travel Ban Challenge to Be Heard by Supreme Court

On Friday, the U.S. Supreme Court announced that it would hear the challenge of the most recent travel ban implemented by President Donald Trump. Oral arguments on the challenge will be heard... 
Bank of America Profit Hit by Tax Reform

Bank of America Profit Hit by Tax Reform

Bank of America said that a charge from the tax law that was just instituted in the U.S. caused its profit for the quarter to drop 48%, even as it ended 2017 by putting its crisis-era far behind... 
GM Betting on Pickup Trucks Made in Mexico

GM Betting on Pickup Trucks Made in Mexico

General Motors Co.’s assembly plant in the Mexican city of Silao, the automotive heartland of the country, made over 400,000 large pickups during 2017 that are highly profitable, and is important... 
Sandberg and Dorsey Leaving Disney Board

Sandberg and Dorsey Leaving Disney Board

Facebook Inc.’s COO Sheryl Sandberg and Twitter Inc.’s CEO Jack Dorsey have decided to not seek their reelection to the board of directors at Walt Disney Co. due to an increasing number of... 
Two 2019 Ford Models to have Auto Emergency Brakes

Two 2019 Ford Models to have Auto Emergency Brakes

Ford Motor Co. announced on Thursday that it would make the automatic emergency brakes a standard feature on two of its key models for 2019. This is an effort by the U.S. automaker to narrow... 
Google Sued By Engineers for Discrimination Against Caucasian Males

Google Sued By Engineers for Discrimination Against Caucasian Males

Senior software engineer at Google James Damore, who was fired over a controversial essay he wrote on diversity, filed a lawsuit on Monday against his former employer. Damore and David Gudeman,... 
Source: Former CEO at Uber Kalanick Selling a Third of His Shares

Source: Former CEO at Uber Kalanick Selling a Third of His Shares

Uber Technologies Inc. former CEO and co-founder Travis Kalanick will sell 29% of his stake of 10% in the company at a price of approximately $1.4 billion, said a person who is close to the situation... 
American and Southwest Airlines Paying Bonuses

American and Southwest Airlines Paying Bonuses

Airlines have decided to share some of their windfall from the new tax law with their employees. On Tuesday, American and Southwest said they would pay bonuses to employees of $1,000 apiece,... 
General Motors Patents Outside Airbags for Pedestrians

General Motors Patents Outside Airbags for Pedestrians

Airbags are made to protect the passengers inside vehicles. However, General Motors believes they can work equally as well on the exterior of vehicles to save pedestrians during crashes. GM received... 
Forever 21 Hit with Credit Card Data Breach

Forever 21 Hit with Credit Card Data Breach

Forever 21 the clothing franchise disclosed that it had suffered a data security breach that involved credit credits in November, and now the company has returned to give an update on what it... 
China Offering Tax Breaks As Incentive to Tax Overhaul in U.S.

China Offering Tax Breaks As Incentive to Tax Overhaul in U.S.

China has responded to the tax overhaul in Washington by offering a break to foreign companies on taxes in China in an attempt to keep investment. Late Thursday, the measure was announced and... 
Investigators: Tainted Food Not Recalled Quick Enough by FDA

Investigators: Tainted Food Not Recalled Quick Enough by FDA

According to a new report the Department of Health and Human Services’ inspector general issued, contaminated food is not being removed from stores shelves quick enough. The reports indicated... 
Holiday Gift Returns May Become Part of Your Local Dump

Holiday Gift Returns May Become Part of Your Local Dump

Five billion pounds of holiday gifts will end up being thrown in the trash, according to tech company Optoro that helps big retailers manage returns. The returns are not only unfriendly for the... 
Makers of Cider and Craft Beer Receive to Tax Cuts in 2018

Makers of Cider and Craft Beer Receive to Tax Cuts in 2018

Makers of craft beer, hard cider, artisanal spirits, and mead are likely lifting their drinks higher in 2018 due to a mostly overlooked provision in the tax overhaul passed earlier in the week... 
Tempers Rise in FCC Over Sinclair Record Fine

Tempers Rise in FCC Over Sinclair Record Fine

FCC commissioners from the Republican and Democratic Parties traded barbs during the week following the record fine the federal agency levied on Sinclair Broadcast Group, a conservative leaning... 
Chairman of Lotte Receives Suspended Sentence

Chairman of Lotte Receives Suspended Sentence

On Friday a court in Seoul found Shin Dong-bin the Chairman of the Lotte Group guilty of embezzlement and breach of trust and promptly gave him a prison sentence of 20 months, that was suspended... 
Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

The Bank of New York Mellon froze $22 billion in assets that the Kazakhstan National Fund holds due to a lawsuit that was launched by Anatolie Stati a Moldovan businessman and his businesses... 
Subaru Investigating Possible Cheating on Mileage

Subaru Investigating Possible Cheating on Mileage

Japan-based Subaru Corp., already hurting from a domestic scandal involving vehicle inspections, said it is now carrying out an investigation into whether mileage readings might have been falsified... 
Hartsfield-Jackson International Airport Power Outage Traps Thousands

Hartsfield-Jackson International Airport Power Outage Traps Thousands

A power outage on Sunday brought the busiest airport in the world to a halt over the weekend, helping to ruin holiday season travel for many with hundreds of flights already cancelled on Monday. Atlanta’s... 
Unilever Selling Spreads Business for $8 Billion to KKR

Unilever Selling Spreads Business for $8 Billion to KKR

Unilever will sell is spreads and margarine business for €6.83 billion or $8.04 billion to U.S. based KKR a private equity firm. Unilever said the sale would allow it to concentrate on products... 
Teva Pharmaceutical Planning Job Cuts of 7,000 In U.S.

Teva Pharmaceutical Planning Job Cuts of 7,000 In U.S.

After losing a battle in court with its rival, Teva, the maker of generic pharmaceuticals has announced that it is making significant jobs cuts to its U.S. workforce that could reach to as high... 
Retailers in UK Enjoy Strong Sales on Black Friday

Retailers in UK Enjoy Strong Sales on Black Friday

Shoppers across Britain pounced on the bargains available on Black Friday late last month which gave an unexpected boost to retail, that contrasted signs earlier of a subdued beginning to the... 
Lyft Begins Service in Canada Its First International Venture

Lyft Begins Service in Canada Its First International Venture

U.S. based Lyft Inc. the ride-hailing company launched on Tuesday its service north of the border in Toronto, marking its first venture outside the U.S. in its battle against Uber Technologies. Lyft... 
Breastfeeding Mom Says Spirit Airlines Kicked Her Off Flight

Breastfeeding Mom Says Spirit Airlines Kicked Her Off Flight

Mei Rui, a cancer researchers and concert pianist, was scheduled to take a flight on Spirit Airlines to Newark from Houston last Friday. The trip was to do a recording that was connected with... 
California Sued by Drug Companies Over Transparency Law

California Sued by Drug Companies Over Transparency Law

On Friday, the pharmaceutical industry filed a lawsuit challenging the constitutionality of a new law that California Governor Jerry Brown signed and who many consider to be the most comprehensive... 
Dollar General to Open 900 New Stores in 2018

Dollar General to Open 900 New Stores in 2018

Dollar General will buck a trend in retail as the discount chain on Thursday announced it is planning to open 900 new stores during 2018, for the second straight year. The discount store chain... 
U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

U.S. Embassies Expect Possible Violent Backlash Over Jerusalem

Several United States embassies throughout the Middle East are warning of backlash that they labeled potentially violent in response to the decision by U.S. President Donald Trump to recognize... 
Source: Ford Ready to Link Up with Alibaba for Online Auto Sales

Source: Ford Ready to Link Up with Alibaba for Online Auto Sales

Ford Motor Co expects to sign a deal by Thursday with Chinese e-commerce behemoth Alibaba Group Holding that might allow the automaker based in the U.S. to test selling its vehicles to clients... 
Sanofi Cooperating On Vaccine for Dengue with Government

Sanofi Cooperating On Vaccine for Dengue with Government

Sanofi, the maker of a dengue fever vaccine, which is suspended in the Philippines following a recent study that showed more of a risk of severe cases for people without a prior infection, said... 
American Airlines Says It Now Has Enough Pilots

American Airlines Says It Now Has Enough Pilots

For all those flying on American Airlines during the holiday, life just become a bit easier. The air carrier and its pilot union announced on Friday there would be enough pilots to cover all... 
OPEC Says Cuts in Oil Supply Will Extend Through 2018

OPEC Says Cuts in Oil Supply Will Extend Through 2018

The largest producers in OPEC have signaled that they would extend the cuts in the production of oil through the end of 2018 to complete the job of rebalancing the oversupplied world market. Saudi... 
FedEx Buying As Many As 100 Flying Delivery Vehicles

FedEx Buying As Many As 100 Flying Delivery Vehicles

On Tuesday Cessna unveiled a new design for a small passenger and freighter aircraft, that is being called the SkyCourier and FedEx likes the new plane. FedEx Express agreed to purchase 50 of... 
Cyber Monday: Walmart Inching Closer to Amazon in Price War

Cyber Monday: Walmart Inching Closer to Amazon in Price War

Walmart Stores is closing in on matching the online prices of Amazon.com for just the first time, a big milestone in the retailers’ efforts to take back the title of “low price leader.” Walmart... 
Google Questioned by Regulators About Location Data

Google Questioned by Regulators About Location Data

Google has come under scrutiny due to reportedly collecting data that shows the locations of users of smartphones without the users’ knowledge. South Korea regulators have summoned representatives... 
Mitsubishi Faked Data Becoming Latest Scandal in Japan

Mitsubishi Faked Data Becoming Latest Scandal in Japan

A new day, a new admission of wrongdoing by a corporate giant in Japan, as Mitsubishi Materials admitted on Thursday that it falsified data on several products, including some components that... 
Marvell to Acquire Rival Cavium in $6 Billion Deal

Marvell to Acquire Rival Cavium in $6 Billion Deal

Chipmaker Marvell Technology Group is looking to build a future for it outside an area that is declining in the market and announced it would acquire Cavium Inc. for $6 billion, said a person... 
Volkswagen Speeds Up Electric Car Push with Spending Plan

Volkswagen Speeds Up Electric Car Push with Spending Plan

Volkswagen approved a spending plan of €34 million equal to $40 billion that accelerates the efforts of the carmaker to become a leader globally in electric vehicles. The largest carmaker in... 
Amazon Signs Exclusive Deal to Sell Calvin Klein Merchandise

Amazon Signs Exclusive Deal to Sell Calvin Klein Merchandise

Calvin Klein, for just the first time, is bypassing department stores to sell new underwear this holiday season on Amazon, reported the Wall Street Journal. The undergarments, which include striped... 
Mattel Says No to Hasbro Acquisition Offer

Mattel Says No to Hasbro Acquisition Offer

Mattel Inc. has snubbed Hasbro Inc.’s takeover approach said people who are familiar with this matter. This casts uncertainty about the possible combination of the two biggest toy companies... 
Female Passengers Sue Uber for Alleged Violence and Rape by Drivers

Female Passengers Sue Uber for Alleged Violence and Rape by Drivers

Two women who were unnamed on Tuesday filed a proposed class action lawsuit against Uber Technologies, accusing the ride-hailing company of poor vetting of drivers that led to thousands of Uber... 
Single’s Day: World’s Biggest One Day of Shopping Sets Record

Single’s Day: World’s Biggest One Day of Shopping Sets Record

Chinese consumers continue spending billions of dollars while shopping online for things from dog supplies to diamonds during Single’s Day, which is a once-a-year promotion that has ballooned... 
Diet Low in Calories Might Help to Reverse Diabetes

Diet Low in Calories Might Help to Reverse Diabetes

Diabetes today is responsible for one out of every seven deaths across the U.S. and can cause an array of other health issues including vision loss, heart disease, amputation and kidney failure. A... 
New CEO at Burberry Moving Label More Up-Market

New CEO at Burberry Moving Label More Up-Market

Luxury brand Burberry, based in Britain, will move further upmarket while updating its fashion range more regularly, but shares of the brand were down 11% as investors were more focused on the...