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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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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,... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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,... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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... 
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.... 
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... 
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...