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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 as 7,000. Teva will consolidate six of... 
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 Christmas spending season. Through most... 
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 prides itself on being a friendlier... 
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 a cancer study. The flying along with Rui... 
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 legislation related to transparency... 
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 did not release any figures on the number... 
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 in China via the online retail platform... 
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 of the December flights for the airline... 
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 the new delivery aircraft, adding one each... 
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 aggressively invested in making... 
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 from Google this week to be questioned... 
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 were used in airplanes and cars, for over... 
Recently-opened Microgaming headquarters receives select accolade

Recently-opened Microgaming headquarters receives select accolade

Recently-opened Microgaming headquarters receives select accolade, and this is only one of the latest in the long series of awards that this company has received in the last few years. This new five-story headquarters is certainly... 
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 who is familiar with the situation. The... 
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 the world by unit sales has been approved... 
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 panties and cotton bralettes, were... 
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 in the world. The rebuttal by Mattel shows... 
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 female passengers enduring a broad range... 
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 into the largest e-commerce event worldwide. The... 
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 cost of the plan by new CEO Marco Gobbetti. The... 
Job Growth in U.S. Increases, but Wages Raise Worries Over Spending

Job Growth in U.S. Increases, but Wages Raise Worries Over Spending

Job growth in the U.S. accelerated during October after disruptions from hurricanes in September, but wages increased at their slowest pace on an annualized basis for over 18 months in a new sign that inflation is likely to remain... 
Sales of Toyota in China Expected to Have Steady Growth

Sales of Toyota in China Expected to Have Steady Growth

Toyota Motor Corp, the largest automaker in Japan by volume, has dropped to No. 3 amongst automakers from Japan in China, due to not having a presence in one of the key segments – a situation that experts now say will prevail beyond... 
Pizza Hut Sales at Same-Restaurants Help Yum Top Expectations

Pizza Hut Sales at Same-Restaurants Help Yum Top Expectations

Pizza Hut snapped a streak of five straight quarters of declines in sales helping its parent Yum Brands post revenue and profit for its third quarter that beat expectations on Wall Street on Thursday. Pizza Hut struggled during recent... 
Walmart Triples Number of Items Online as Holiday Season Begins

Walmart Triples Number of Items Online as Holiday Season Begins

Walmart Stores is planning on boosting sales and fending off its rivals during the holiday season this year through doubling down on its incentives for its shoppers who purchase online and those that visit its brick and mortar locations. The... 
Akzo Nobel in Merger Talks with Axalta

Akzo Nobel in Merger Talks with Axalta

Akzo Nobel, the paint maker based in the Netherlands, has come under heavy pressure after rejecting a very lucrative takeover offer as well as releasing two warnings on profit. However, the company confirmed that it is holding merger... 
Comcast Profit for the Quarter Beats Estimates

Comcast Profit for the Quarter Beats Estimates

Comcast Corp. posted profit for the quarter that beat expectations on Wall Street on Thursday. The No. 1 cable operator in the U.S. said it had added home security and broadband customers even though video subscribers dropped. Comcast... 
Coca-Cola Higher Sales in U.S. Help Beat Expectations

Coca-Cola Higher Sales in U.S. Help Beat Expectations

On Wednesday, Coca-Cola Co. posted revenue and profit that was better than had been expected during its third quarter as sales in North America increased by 3% thanks to more demand for Sprite, coffee and tea. The beverage giant said... 
Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Britain’s Authorities Fine Merrill Lynch for Not Reporting Transactions

Merrill Lynch, a unit of Bank of America, was fined on Monday in the amount of $45.5 billion by the Financial Conduct Authority in Britain for not reporting details of its trading in exchange-traded derivatives, the British market... 
Earnings for American Express Beat Expectations

Earnings for American Express Beat Expectations

On Wednesday, American Express posted quarterly revenue and earnings that beat Wall Street expectations and increased its full year forecast. At the same time, the company announced that its CEO Kenneth Chenualt would be replaced by... 
IBM Simplifying and Increasing Speed of Cross Border Payments

IBM Simplifying and Increasing Speed of Cross Border Payments

For many the blockchain has been seen as one method of quickening payments that are cross-border, and now the movement, which includes many startups making private moves, just received its highest-profile supporter in IBM, after Big... 
Hundreds of Employees Fired at Tesla

Hundreds of Employees Fired at Tesla

Tesla has fired hundreds of its employees this week, including factory workers, managers and engineers, even as the electric carmaker continues to struggle to expand manufacturing and its product line. The mass firing came during a... 
Kobe Steel Problems Deepen as Shares Take Big Dive

Kobe Steel Problems Deepen as Shares Take Big Dive

Kobe Steel Ltd. based in Tokyo, Japan plunged further into crisis Wednesday after new revelations showed that data fabrication at the Japanese steelmaker was much more widespread that what was initially thought, increasing a worry... 
Google Finds Ads Bought By Russians on Its Platforms

Google Finds Ads Bought By Russians on Its Platforms

For just the first time Google has uncovered evidence that operatives from Russia exploited the platforms of the Internet giant in an attempt to interfere with the U.S. election in 2016, according to those familiar with the investigation... 
Panel: Washing Machine Makers in U.S. Hurt by Imports

Panel: Washing Machine Makers in U.S. Hurt by Imports

The United States International Trade Commission reported on Thursday that the increase in imports of large washing machines for residences harmed domestic manufacturers, a big step toward placing an across the board duty or quota... 
FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

FedEx and UPS Shares Fall Over Worries of Amazon Delivery Service

Shares of delivery companies such as FedEx and UPS are falling as investors become worried that the delivery service of Amazon.com is set to disrupt the entire industry. Shares of FedEx and UPS feel 2.2% and 3.3% respectively in premarket... 
FDA: “Love” Is Not An Ingredient in Granola

FDA: “Love” Is Not An Ingredient in Granola

Brown sugar, rolled oats and even nut yes, but feelings no, says U.S. regulatory agency. The United States Food and Drug Administration released on Tuesday a warning letter addressed to Nashoba Brook Bakery. The letter reprimanded... 
Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

Oracle Guarantees Price of Database Warehousing will be 50% of Amazon’s

On Sunday night, Larry Ellison the Chairman of Oracle Corp guaranteed to offer the company’s database warehousing at 50% the price that Amazon.com is charging. The autonomous database system at Oracle rolls out this December. Beginning... 
Britain Upset by Decision to Slap Tariff on Bombardier Jets

Britain Upset by Decision to Slap Tariff on Bombardier Jets

On Wednesday, British Prime Minister Theresa May said she was bitterly disappointed by the decision made by the U.S. to place tariffs on Bombardier jets. May promised to protect jobs for thousands in Northern Ireland that this ruling... 
ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

ABB Increases Business in U.S. with Acquisition of GE Industrial Solutions

Swiss company ABB Ltd has agreed to acquire the General Electric Co. industrial solutions business for a price of $2.6 billion helping to strengthen its business within the U.S., which is its biggest market. ABB, based in Zurich, said... 
Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Death of Liliane Bettencourt Sparks Speculation Over L’Oreal

Billionaire Liliane Bettencourt’s death has sparked speculation over the ownership of the French cosmetic company L’Oreal. The Bettencourt’s were the founding family and the death of the French matriarch of that family has caused... 
Bike-Sharing Startup Mobike Opens in First City in U.S.

Bike-Sharing Startup Mobike Opens in First City in U.S.

Mobike the bike-sharing startup based in China has arrived in the nation’s capital, its first city in the U.S. The launch in Washington, D.C. comes as several companies in the bike-sharing arena launch similar services across the... 
Nokia See Sales Boost from Patent Ruling

Nokia See Sales Boost from Patent Ruling

Nokia will begin booking additional revenue during the current quarter thanks to a ruling by an arbitration court over payments from LG Electronics, the South Korea electronics giant, for using Nokia’s smartphone patents. The Finland-based... 
Tesla Will Unveil Its Electric Semi-Truck in October

Tesla Will Unveil Its Electric Semi-Truck in October

Tesla will soon be entering a new market, as it moves beyond its high-end electric SUVs and sedans and into heavy-duty trucks, which had been promised by Elon Musk. The tech industrialist sent a tweet out on Wednesday saying Tesla... 
Looking to Shrink Debt Seadrill Opts for Bankruptcy

Looking to Shrink Debt Seadrill Opts for Bankruptcy

Seadrill Ltd, an offshore driller that John Fredriksen controls, filed for bankruptcy after it reached a deal with nearly all its lenders to inject over $1 billion of new capital into the business. Under the agreed to proposal, senior... 
Insurers Add Up Hurricane Costs in Monte Carlo

Insurers Add Up Hurricane Costs in Monte Carlo

While Hurricane Irma battered the state of Florida on Sunday, the top players in the world of insurance were gathered in sunny Monte Carlo assessing costs of the monstrous storm for the worldwide industry. Thus far insurers have said... 
Tilman Fertitta Buying Houston Rockets for $2.2 Billion

Tilman Fertitta Buying Houston Rockets for $2.2 Billion

The NBA’s Houston Rockets were sold to Tilman Fertitta a local billionaire who called his purchase a dream come true. The Houston native has dreamed of owning his hometown team since 1993. Terms of this deal which on Tuesday was... 
Factory Orders in U.S. Drop 3.3% During July

Factory Orders in U.S. Drop 3.3% During July

Orders in U.S. factories plunged by 3.3% during July, after being pulled down by a steep fall in demand for civilian aircraft. On Tuesday, the U.S. Department of Commerce said that orders in U.S. factories were down 3.3% during July,... 
Novartis Names New CEO

Novartis Names New CEO

CEO Jim Jimenez at Novartis is stepping down February 1 and handing over the reins to the Switzerland-based pharmaceutical giant to Vas Narasimhan the company’s chief of drug development. He will be tasked with the fate of $50 billion... 
CEO at Uber Planning To Go Public With Company Within Three Years

CEO at Uber Planning To Go Public With Company Within Three Years

New CEO at Uber Dara Khosrowshahi has a goal of taking the ride-hailing company public within the next 24 to 36 months, said a report in The Financial Times. The former boss of Expedia who will take the reins at Uber in less than a... 
In-N-Out Burger Suing Smashburger for Infringement

In-N-Out Burger Suing Smashburger for Infringement

Out west a burger battle has officially started and things might get messy. On August 28, a trademark infringement lawsuit was filed by In-N-Out Burger against one of its rivals Smashburger, reported the Orange County Register. In...