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Air Canada Shares Plunge Following Profit Forecast

Air Canada Shares Plunge Following Profit Forecast

Shares of Air Canada fell more on Friday that any time in the past seven months following the announcement by Canada’s largest airline that rising costs of fuel would cause a key measure for profit to drop by 50% during the first... 
Source: Apple Beginning Manufacturing in India Soon

Source: Apple Beginning Manufacturing in India Soon

Apple Inc. is planning to start manufacturing its iPhone SE, the lower priced smartphone model at a plant of one of its contract manufacturers in Bengaluru a technology hub in southern India, said a source in the industry on Friday. Apple’s... 
New CEO at Nestle Changes Sales Forecast Following Miss

New CEO at Nestle Changes Sales Forecast Following Miss

The new CEO of Nestle has changed the long-standing sales goal of the food company after it posted disappointing results for the year on Thursday. He adopted a tone that was much more cautious in an environment much more uncertain. The... 
Revenue Increases at PepsiCo, but Impact of Currency Remains

Revenue Increases at PepsiCo, but Impact of Currency Remains

On Wednesday, PepsiCo posted growth in revenue and volume but said a strong U.S. dollar had hurt its international results. CEO Indra Nooyi announced that the company was expecting challenges from the global economy to continue during... 
Owner of Burger King and Tim Hortons Sees Rise in Sales

Owner of Burger King and Tim Hortons Sees Rise in Sales

Restaurant Brands International the operator of both Burger King and Tim Hortons said its sales rose for the fourth quarter driven by growth from its franchise business. Comparable sales for Tim Hortons were up by 0.2%, which was less... 
Amazon Says Trade Protectionism Might Hurt Business

Amazon Says Trade Protectionism Might Hurt Business

On Friday, Amazon.com warned that actions by the government to help domestic companies against foreign competition might hurt its online business. The warning was a possible reference to the agenda of America First that President Donald... 
Under Armour Has More Problems to Deal With

Under Armour Has More Problems to Deal With

Under Amour Inc’s top executive is a Donald Trump fan, but the biggest athletes representing the sports apparel company are not. That has caused its share of problems. Three of Under Armour’s biggest names have spoken out against... 
Shares of Twitter Drop as Sale Growth Slows

Shares of Twitter Drop as Sale Growth Slows

Twitter Inc. posted quarterly revenue that came up short of expectations on Wall Street, after the social media company had restructured its sales force for advertising and cut staff. Shares of Twitter plunged on the news. Revenue... 
Profit Falls in Fourth Quarter at General Motors

Profit Falls in Fourth Quarter at General Motors

On Tuesday, General Motors Co announced that its net income for the fourth quarter fell due to the U.S. dollar strength against the pound in Britain and forecasted flat per share profit for 2017. The news sent GM share plunging by... 
Tyson: SEC Investigating Allegations of Chicken Pricing

Tyson: SEC Investigating Allegations of Chicken Pricing

Accusations claiming collusion have dogged the chicken industry in the United States the past few months but took another turn when Tyson Foods, the largest producer in the U.S. said the Securities and Exchange Commission was investigating... 
Tech giants, Former Diplomats Blast Immigration Executive Order

Tech giants, Former Diplomats Blast Immigration Executive Order

New challenges to the immigration order now stuck in court took shape on Monday with a pair of former U.S. secretary of state claiming the Trump administration undermined national security and close to 100 tech companies from Silicon... 
Overdose Treatment Has Increased in Price 680% in Three Years

Overdose Treatment Has Increased in Price 680% in Three Years

A medication used in emergencies often called an antidote for overdoses of opioids has been surging in price the past few years. The treatment is called Evzio and manufactured by Kaleo. It is the only version of naloxone that comes... 
GoPro Plummets Following Another Poor Earnings Report

GoPro Plummets Following Another Poor Earnings Report

GoPro Inc fell by up to 14% after it posted a disappointing outlook for is sales during the current quarter. The outlook missed estimates by analysts and reflected the slow demand for its camera and its delayed launch of its drone. Revenue... 
Nordstrom Severs Ties with Ivanka Trump

Nordstrom Severs Ties with Ivanka Trump

On Thursday, retailer Nordstrom announced that it had stopped carrying products by Ivanka Trump. The company announced that the declining sales of the brand led to it making the decision to sever its ties. Nordstrom said that each... 
Exxon Mobil Revenue and Profit Increase

Exxon Mobil Revenue and Profit Increase

Exxon Mobil was able to beat Wall Street expectations Tuesday as the oil giant’s revenue increased, though it took an impairment charge of $2 billion, mostly because of lowering values of some gas assets in the U.S. Excluding one-off... 
UPS Shares Drop After Earnings Miss

UPS Shares Drop After Earnings Miss

United Parcel Service saw its shares drop Tuesday after it posted revenue and earnings for the quarter that came up short of expectations on Wall Street. The package delivery behemoth posted an outlook for 2017 that was below Wall... 
Worry In Tech Industry Due to Changes in Immigration

Worry In Tech Industry Due to Changes in Immigration

For many years, American technology companies have used a stream of skilled overseas engineers to help make their products. At this time, many of the companies are worried over the likely changes in immigration policy under new President... 
Strong Growth in Revenue for Alphabet

Strong Growth in Revenue for Alphabet

On Thursday, Google parent company Alphabet Inc posted a profit for the fourth quarter below estimates of analysts. The results were hurt by higher tax rates, but Wall Street cheered the progress of the company in diversifying beyond... 
IPO for Jose Cuervo Tequila Looks to Raise More Than $700 Million

IPO for Jose Cuervo Tequila Looks to Raise More Than $700 Million

Jose Cuervo the Mexico-based tequila maker is seeking to raise over $700 million in its initial public offering, with 20% of its offer being soaked up by Temasek Holdings of Singapore, a presentation for investors showed Wednesday. Jose... 
Low-Cost Airline AirAsia X Coming to the U.S.

Low-Cost Airline AirAsia X Coming to the U.S.

Finally, AirAsia is coming to the U.S. Low-cost air carrier AirAsia based in Malaysia announced Tuesday that it was given Federal Aviation Administration certification to fly into the United States. AirAsia X will be the first low-cost... 
Johnson & Johnson Expects Higher Results in Full Year 2017

Johnson & Johnson Expects Higher Results in Full Year 2017

Johnson & Johnson said on Tuesday that it is expecting higher sales and earnings for its 2017 fiscal year, which are less than what the expectations are for Wall Street. The company posted solid results for the fourth quarter with... 
Report: McDonald’s to Post Earnings That Could Be Hurt by Winter

Report: McDonald’s to Post Earnings That Could Be Hurt by Winter

On Monday, prior to the opening bell at Wall Street, McDonald’s will post its fourth quarter earnings. Investors might need to be prepared for results that were marred by harsh weather during the winter that likely hurt sales at... 
General Electric Misses on Sales Due to Oil

General Electric Misses on Sales Due to Oil

General Electric Co’s problems with oil persisted during the final quarter of 2016, denting its sales and pulling down shares to their largest decline over the past four months. Persistent weakness in the gas and oil unit, which... 
Western Union Paying $586 Million For Not Stopping Fraud

Western Union Paying $586 Million For Not Stopping Fraud

Western Union Co. has agreed to pay over $586 million, while admitting to failing to stop wire fraud and money laundering as part of its deal with the United States. Lapses in the controls for anti-money laundering by the company allowed... 
Paul McCartney Sues Sony for Beatles Songs

Paul McCartney Sues Sony for Beatles Songs

Former Beatles member Paul McCartney wants the Beatles’ songs back. The legend in pop music sued Sony/ATV Music Publishing Wednesday as he attempts to regain rights to numerous hits by the Beatles that he wrote or co-wrote with fellow... 
Air India Adding Row of Seats for Only Females

Air India Adding Row of Seats for Only Females

Air India will add a row of seats that are “female-only” on all domestic flights, although officials for the company insist that move was not made in response to alleged incidents of groping. The third row, which includes six seats,... 
Walmart Will Add 10,000 Jobs in the U.S.

Walmart Will Add 10,000 Jobs in the U.S.

Walmart, which has more employees than any other business in the U.S., announced that it will add as many as 10,000 new jobs in the U.S. during 2017. The growth in jobs is not even 1% of the current workforce in the U.S. for Walmart,... 
German Carmakers Threatened with 35% Import Tariff by Trump

German Carmakers Threatened with 35% Import Tariff by Trump

Donald Trump, the President-elect of the U.S. has warned car makers based in Germany that he will impose a tax at the border of 35% on their vehicles that are imported to the United States, a plan that has drawn sharp rebukes from... 
Quarterly Earnings at Wells Fargo Drop Following Scandal

Quarterly Earnings at Wells Fargo Drop Following Scandal

On Friday, Well Fargo & Co posted a drop of 6% in profit for the fourth quarter following the highly publicized scandal over bank employees creating up to 2 million accounts that were not authorized by customers. Earnings for the... 
Bank of America Beats Forecast for Earnings

Bank of America Beats Forecast for Earnings

Bank of America posted earnings for the fourth quarter on Friday that beat Wall Street expectations saying it expects a substantial increase in net interest income for its ongoing quarter. The firm posted per share earnings of 40 cents... 
Xiaomi Will Not Disclose Sales, Says Company Grew to Quickly

Xiaomi Will Not Disclose Sales, Says Company Grew to Quickly

Smartphone maker Xiaomi has stopped its tradition of releasing the number of handsets it sold during the previous year. That strategy yielded numerous headlines for the Chinese company, but its CEO said this week that the company was... 
Chipotle Stock Increases After Sales Improve

Chipotle Stock Increases After Sales Improve

Chipotle stock was up 5% Tuesday after the maker of burritos posted a drop in sales at same-stores that was less for the fourth quarter than had been anticipated. Chipotle’s sales at its established restaurants were down 4.8% during... 
Yahoo to Be Renamed, Mayer and Others to Leave Board

Yahoo to Be Renamed, Mayer and Others to Leave Board

Current CEO at Yahoo Marissa Mayer, David Filo the co-founder and others are planning to resign from the board of directors of the company after it completes its sale of $4.8 billion to Verizon. Mayer, who joined the company in 2012... 
Neiman Marcus Has Dropped Plans for IPO

Neiman Marcus Has Dropped Plans for IPO

Neiman Marcus has decided not to move forward with its planned initial public offering to list its shares, an acknowledgement that the luxury retailer that has been struggling would likely only receive low prices for its stock. The... 
Gap Posts Surprise Sales Increase for December

Gap Posts Surprise Sales Increase for December

Late Thursday, Gap posted a surprise increase in its comparable sales for December and announced that it expected profit in 2016 to be higher than its forecasted higher end, a sharp contrast to the weak sales during the holiday shopping... 
Apple Makes $1 Billion Investment in Tech Fund

Apple Makes $1 Billion Investment in Tech Fund

Apple’s most recent investment in the tech industry might come with an additional bonus of getting in the good graces of president-elect Donald Trump. Apple confirmed this week that it would invest $1 billion in the huge new tech... 
Ford Ends Plans for Plant in Mexico Amidst Pressure from Donald Trump

Ford Ends Plans for Plant in Mexico Amidst Pressure from Donald Trump

Ford ended its plan to construct a new $1.6 billion factory in Mexico on Tuesday following harsh criticism from president-elect Donald Trump. The Ford decision came only hours after Trump spoke harshly against General Motors for importing... 
McDonald’s Opens Close to Vatican

McDonald’s Opens Close to Vatican

Over objections from senior Roman Catholic leaders as well as some residents in the area, McDonald’s opened a location last week just outside the limits of Vatican City, but within view of St. Peter’s Square. The hamburger chain’s... 
Employees in France Can Ignore Emails from Work Outside Office Hours

Employees in France Can Ignore Emails from Work Outside Office Hours

French workers began the New Year with the right to make a disconnect, as a new disconnect law came into force that gives employees across the country the right to ignore emails from work that arrive during typical workings hours. The... 
Sharper Image Sold to ThreeSixty Group at Price of $100 Million

Sharper Image Sold to ThreeSixty Group at Price of $100 Million

Sharper Image is being sold off by Iconix Brand Group. Sharper Image is known for its sales of electronic gadgets as well as neck massagers and is being sold at the price of $100 million in deal of all cash to a company that just recently... 
CEO of Sears Using His Money Again to Bankroll Retailer

CEO of Sears Using His Money Again to Bankroll Retailer

Sears CEO Edward Lampert is still committed to bankrolling the retailer. Sears Holding Corp CEO Eddie Lampert will open his wallet again to help keep the struggling retailer afloat, a move that could help to placate vendors following... 
Kate Spade Exploring Possible Sale

Kate Spade Exploring Possible Sale

High-end apparel and handbag maker Kate Spade & Co said it is exploring the possible sale of the business according to people who are familiar with the situation, after it came under heavy pressure from one of its activist shareholders. The... 
Qualcomm Facing Fine of $853 Million by South Korea

Qualcomm Facing Fine of $853 Million by South Korea

A  regulator in South Korea said it will be fining Qualcomm close to $853 million for alleged violations of antitrust laws, the highest penalty of its kind handed to one company, as the chipmaker from the U.S. faces worldwide scrutiny... 
Italy Preparing to Pump €6.5 Billion into Monte Paschi Bank

Italy Preparing to Pump €6.5 Billion into Monte Paschi Bank

The government of Italy will likely inject close to €6.5 billion equal to $6.8 billion to rescue the third largest lender in the country Monte dei Paschi di Siena that is more than was expected initially, said sources on Tuesday. The... 
Report Says Nintendo Will Release Up to Three Mobile Games Each Year

Report Says Nintendo Will Release Up to Three Mobile Games Each Year

Nintendo announced that it would be releasing more games for smartphones. In an article that appeared in Sankei a newspaper published in Japan, the president of Nintendo Tatsumi Kimishima said two or three games were slated to be released... 
General Motors Fined $29 Million by China for Allegedly Manipulating Prices

General Motors Fined $29 Million by China for Allegedly Manipulating Prices

China has hit General Motors joint venture with a fine of 201 million yuan or $29 million for allegedly manipulating prices, said the state operated China Central Television on Friday. Citing the authority based in Shanghai that oversees... 
Refiners in U.S. Cashing in on Record Imports of Fuel by Mexico

Refiners in U.S. Cashing in on Record Imports of Fuel by Mexico

Refiners in the U.S. Gulf Coast have been cashing in on increased demands for fuel by Mexico, shipping volumes in record number to its neighbor to the south that has not expanded its refining network and therefore cannot supply an... 
Nike Earnings Top Estimates

Nike Earnings Top Estimates

With another earnings beat of expectations on Wall Street, Nike continues to runaway with the crown as top sports apparel and shoe maker. The athletic apparel and sneaker maker posted results that helped ease worries by investors over... 
Alaska Air and Delta Ending Relationship

Alaska Air and Delta Ending Relationship

Alaska Air and Delta Air Lines have worked together for the past couple of years. While both carriers have a frequent flier and codeshare partnership, they have entered into one another’s market quite aggressively and attempted to... 
Largest Bank in Ukraine Rescued by the State

Largest Bank in Ukraine Rescued by the State

On Monday, the government of Ukraine took control of the country’s largest bank in a move supported by international donors to Kiev as a way of protecting the financial system of the nation. The government made an appeal for calm...