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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... 
Anheuser-Busch Stops Production to Provide Water to Harvey Victims

Anheuser-Busch Stops Production to Provide Water to Harvey Victims

Anheuser-Busch, the beer maker has switched to water, well one of the breweries for the beer maker has, and is producing drinking water in cans to be sent to the disaster areas where Hurricane Harvey hit over the weekend. The Cartersville,... 
Amazon Planning to Lower Prices of Products at Whole Foods

Amazon Planning to Lower Prices of Products at Whole Foods

Whole Foods Market has been jokingly called Whole Paycheck, and for good reason as prices are high for many items at the grocery chain, but that might soon change. Amazon, which will take official control on Monday of the upscale grocer,... 
Sears Shuttering 28 More Locations, Comparable Sales Down 11.5%

Sears Shuttering 28 More Locations, Comparable Sales Down 11.5%

Shares of Sears were up over 7% in premarket trading Thursday as the department store retailer made more progress in stabilizing its business. The retailer posted a loss that was narrower than had been expected but saw its sales continue... 
Total’s Shares Increase on Deal with Maersk Oil

Total’s Shares Increase on Deal with Maersk Oil

Total Oil shares were up Tuesday morning in trading following upbeat comments by analysts regarding the French oil giant’s takeover for $7.45 billion of Maersk Oil. Total shares were higher by 0.8% in early trading, amongst the best... 
Economic indicators for International businesses trading in Asia

Economic indicators for International businesses trading in Asia

For international companies trading in Asia, multiple fundamental conditions need to be monitored. The general strength of domestic demand is important while fluctuations in US interest rates and the dollar’s level will have an important... 
Foxconn Will Build Three Support Facilities Along with Wisconsin Plant

Foxconn Will Build Three Support Facilities Along with Wisconsin Plant

Taiwan-based Foxconn, the electronics manufacturer said on Monday that it planned to build three support facilities in Wisconsin for its operation beginning as soon as next year, that would be part of the facilities that includes the... 
Lawsuit Says Poland Spring is not Spring Water

Lawsuit Says Poland Spring is not Spring Water

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... 
Americans Increase Food Purchases at Walmart

Americans Increase Food Purchases at Walmart

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

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

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

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

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... 
Lego Makes Sudden Switch of CEO

Lego Makes Sudden Switch of CEO

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... 
Trump Company Protecting Its Brand in Gambling Hub Macau

Trump Company Protecting Its Brand in Gambling Hub Macau

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

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

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

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

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

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

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... 
JCPenney Now Supports Apple Pay In All U.S. Outlets

JCPenney Now Supports Apple Pay In All U.S. Outlets

JCPenney has announced that it is now accepting payments through Apple Pay at its outlets. Additionally JCPenney’s credit card will be made available on Apple’s payment platform and this will allow users of credits card to earn... 
AT&T’s Sponsorship Of Major League Soccer Extended

AT&T’s Sponsorship Of Major League Soccer Extended

AT&T has announced an extension of the sponsorship agreement it has with Major Soccer League’s commercial arm, Soccer United Marketing. The new deal will see the largest telecommunications company in the world continue sponsoring... 
Network Speeds Of AT&T And Verizon Being Harmed By Unlimited Data Plans

Network Speeds Of AT&T And Verizon Being Harmed By Unlimited Data Plans

According to Neville Ray, the chief technology officer of T-Mobile, the reason that the network speeds of AT&T and Verizon have become stifled is because of the reactive decision by the two telecommunication operators to expand... 
Alibaba Opens More Physical Stores As It Pursues Online-Offline Strategy

Alibaba Opens More Physical Stores As It Pursues Online-Offline Strategy

Three new physical stores have been opened by Alibaba Group in Shanghai and Beijing as the online retail giant pushes its online-offline strategy by increasing the number of physical locations it has across China to 13. The new retail... 
Waymo Takes Its Driverless Cars To Death Valley For Extreme-Heat Testing

Waymo Takes Its Driverless Cars To Death Valley For Extreme-Heat Testing

Alphabet’s driverless car unit, Waymo, has revealed that it has been trying out how its autonomous cars work in extreme weather conditions. Waymo’s self-driving cars have already been tested out in South Lake Tahoe’s snowy terrain... 
Ads On Messenger To Be Widely Rolled Out

Ads On Messenger To Be Widely Rolled Out

After conducting tests in Thailand and Australia, Facebook has announced that it will start displaying ads on its Messenger app. In a blog post, the Palo Alto, California-based tech company revealed that the effort would start on a... 
Microsoft And KPMG Unveil Global Alliance By Launching Strategic Initiative

Microsoft And KPMG Unveil Global Alliance By Launching Strategic Initiative

Microsoft and KPMG have unveiled a global alliance which will see the two multinationals establish a strategic initiative known as Digital Solution Hub. The initiative will offer cloud digital solutions with a view to enabling digital... 
Baidu And Nvidia Form Artificial Intelligence Partnership

Baidu And Nvidia Form Artificial Intelligence Partnership

Baidu, the Chinese search giant, and Nvidia, the graphics-processing pioneer, have announced a partnership on artificial intelligence which will encompass consumer devices, autonomous driving and cloud computing. The Chinese search...