Home » News

China and U.S. Fail to Come to Agreement on Trade

China and U.S. Fail to Come to Agreement on Trade

China and the United States on Wednesday could not reach an agreement on major steps to lower the trade deficit in the U.S. with China, which has cast doubt over the security and economic relations of President Trump with Beijing. The... 
Frontier Airlines Doubling Its Size

Frontier Airlines Doubling Its Size

Frontier Airlines the deep-discount carrier will double its size. The airline announced on Tuesday that it would add 21 more cities and 85 routes to its network. Before the 2018 summer, Frontier will be operating 314 non-stop flights,... 
Earnings for UnitedHealth Increase 30%, Forecast Increased

Earnings for UnitedHealth Increase 30%, Forecast Increased

Earnings for the second-quarter at UnitedHealth Group were up by 30% driven by growth in its Optum business, and the largest insurer in the country raised its forecast for 2017 again. The company, which is based on the outskirts of... 
Delta Pushes Back at Ann Coulter Following Her Tweets

Delta Pushes Back at Ann Coulter Following Her Tweets

Delta Air Lines hit back at what the airline said was a public attack of its employees and passengers by conservative pundit Ann Coulter after she posted a number of tweets criticizing a mix-up over her seat during a flight over the... 
Fiat Chrysler Two New Recalls Affect Over 1.3 Million Vehicles Worldwide

Fiat Chrysler Two New Recalls Affect Over 1.3 Million Vehicles Worldwide

On Friday, Fiat Chrysler Automobiles issued two new voluntary recalls that affect over 1.3 million of its vehicles worldwide. One of the recalls involves crossovers that are older-model and can lead to an inadvertent deployment of... 
JPMorgan Chase Opened Earnings Season Friday

JPMorgan Chase Opened Earnings Season Friday

JPMorgan Chase & Co posted a quarterly profit that was better than had been expected due to strong growth in loans and interest rates that were higher, but announced that net interest income would be lower than had been expected... 
Bridal Shop Shocks Brides to Be By Filing Bankruptcy

Bridal Shop Shocks Brides to Be By Filing Bankruptcy

On Thursday, thousands of brides to be were stunned when they received notices that their wedding dresses would not arrive for their big day after the nationwide, abrupt closing of all Alfred Angelo Bridal Shops. Women as well as their... 
China Trade in June Beats Expectations

China Trade in June Beats Expectations

China has posted trade figures for June on Thursday that were stronger than had been expected, bolstered by strong global demand for goods made in China and continued demand for construction materials within China. However, local curbs... 
Takata Expanding Recall Due to New Hazard with Airbag

Takata Expanding Recall Due to New Hazard with Airbag

Takata added another 2.7 million airbags to the largest recall in the automobile industry after the detection of another hazard during testing. On Monday, company officials let the National Highway Traffic Safety Administration know... 
Snap Falls Below Price of Original IPO Amidst More Doubts

Snap Falls Below Price of Original IPO Amidst More Doubts

Snap Inc. stock slipped below the price of its initial public offering for just the first time amidst doubts about the ability of the company to grow as fast as was initially expected and following recent declines worldwide in technology... 
Tencent Holdings WeChatPay Arrives in Europe

Tencent Holdings WeChatPay Arrives in Europe

On Monday, Tencent Holdings the internet giant based in China launched its payments service WeChatPay in Europe. The payments service will challenge its rival Alipay, which is owned by Ant Financial an affiliate of Alibaba Holdings. WeChat... 
Amazon and Dish Chiefs Discussing Partnership

Amazon and Dish Chiefs Discussing Partnership

CEO of Dish Network Charlie Ergen and Jeff Bezos the head of Amazon.com have discussed entering a partnership as a way to enter the wireless industry, said a report published this week by the Wall Street Journal. The report cited people... 
Employee: Home Depot Fired Me After I Tried to Stop Kidnapping

Employee: Home Depot Fired Me After I Tried to Stop Kidnapping

A man from Portland, Oregon said that Home Depot fired him after he attempted to help a woman who said she and her child were being kidnapped. Dillon Reagan, who is 32, said that the do-it-yourself home repair chain told him he had... 
SoundCloud Employees Stunned by Announced Jobs Cuts

SoundCloud Employees Stunned by Announced Jobs Cuts

SoundCloud the music streaming service headquartered in Berlin announced on Thursday it would be cutting 40% of its workforce as one part of its wider effort of becoming profitable The venture capital backed business of nine years... 
True Religion Files for Bankruptcy

True Religion Files for Bankruptcy

True Religion Apparel the upscale jeans maker announced on Wednesday that it was filing for bankruptcy protection. That makes the company the most recent apparel firm in southern California to file for bankruptcy as online shopping... 
Tequila for $30,000 Per Bottle

Tequila for $30,000 Per Bottle

At present, luxury tequila is enjoying a big moment and Clase Azul tequila from Mexico is capitalizing on the current craze. Clase Azul sells bottles of its tequila for prices between $100 and $30,000 apiece. It has been served at... 
Sexual Harassment Complaints Mount in Tech World

Sexual Harassment Complaints Mount in Tech World

Following a number of allegations last week of sexual misconduct, both co-founder Dave McClure and Elizabeth Yin his business partner announced they were leaving the company, but on different terms. Over the last week, the apparent... 
First Tesla Mass Market Vehicle Becomes Available This Week

First Tesla Mass Market Vehicle Becomes Available This Week

On Sunday, Tesla Motors CEO Elon Musk announced that the electric car maker’s first mass market vehicle the Model 3 would start rolling off the assembly line Friday, which is two weeks sooner than originally planned. On Twitter Musk... 
India Launches Ambitious Tax Reform

India Launches Ambitious Tax Reform

One of the most ambitious plans for economic reforms in India over the last 70 years will boost the country’s tax receipts and provide businesses with simplicity, but its true impact might not be felt for as long as 10 years because... 
Soda Tax in Cook Country Blocked by Judge

Soda Tax in Cook Country Blocked by Judge

On Friday, a judge blocked the one cent per ounce tax in Cook County, Illinois on soda and other sweetened beverages until at least July 12. The tax would have gone into effect on July 1. The ruling from a circuit judge to grant a... 
Vinyl Is Making a Comeback

Vinyl Is Making a Comeback

One of the biggest record labels worldwide will go retro. Sony Music Entertainment announced earlier this week that it will start making vinyl records once again, ending a hiatus of close to three decades. The past few years the demand... 
Staples Sold to Private Equity Firm Sycamore Partners

Staples Sold to Private Equity Firm Sycamore Partners

As the shift to online shopping claims more casualties office supplies mainstay Staples has agreed to be sold to Sycamore Partners a private equity firm. Staples was one of the most prominent names in office supply retail before online... 
Philips Acquiring Spectranetics for €1.9 Billion

Philips Acquiring Spectranetics for €1.9 Billion

Philips the healthcare company based in the Netherlands agreed on Wednesday to acquire Spectranetics a U.S. based company that makes devices that treat heart disease. The deal is for €1.9 billion equal to approximately $2.16 billion... 
European Commission Fines Google $2.7 Billion

European Commission Fines Google $2.7 Billion

Google was fined on Tuesday by the European Commission $2.7 billion after the EC ruled the company abused its power through promoting its shopping comparison service at the top of its search results. The fine is the largest the European... 
Takata Files For Bankruptcy Protection, Finds Buyer in U.S.

Takata Files For Bankruptcy Protection, Finds Buyer in U.S.

Takata Corp, based in Japan, the company that is at the center of the biggest ever recall of a product in the auto industry, on Monday filed for bankruptcy protection in both Japan and the United States saying it would be acquired... 
Brazilian Beef Banned by U.S. Due to Concerns Over Safety

Brazilian Beef Banned by U.S. Due to Concerns Over Safety

Brazilian beef imports into the United States have been banned by the U.S. Department of Agriculture. The USDA announced immediate suspension of imports of fresh beef from Brazil after inspections had uncovered concerns over public... 
Ritz-Carlton Launching Yacht Collection

Ritz-Carlton Launching Yacht Collection

A new small-ship ultra-luxury venture will soon come to fruition. In the latter part of 2019, a new cruising and yachting brand will be launched by the Ritz-Carlton with the first of three ultra-luxury 298-passenger yachts being launched. A... 
China Tightens Controls for Online Videos

China Tightens Controls for Online Videos

Three popular internet services in China have been ordered by officials to stop streaming video following complaints by censors that it contained comments that were improper related to sensitive issues. The move caused a big sell-off... 
American Airlines Cuts Ties with Uniform Supplier

American Airlines Cuts Ties with Uniform Supplier

For months, American Airlines had not seen eye-to-eye with its union representing flight attendants with the issue being the new uniforms of the attendants. Employees said that the garments have caused allergic reactions as well as... 
Ford Switching Production of Focus to China

Ford Switching Production of Focus to China

Ford Motor Co announced Tuesday it would move some of its production of its small car model Focus to China, and then import the vehicles into the U.S. as it makes a long-term bet on oil prices remaining low and stable trade relations... 
Personal Data of 200 Million Voters Has Been Leaked

Personal Data of 200 Million Voters Has Been Leaked

Personal information for close to 200 million voters in the U.S. was exposed online accidently because of a security setting that had been improperly configured, said UpGuard an online security firm on Monday. The information leaked... 
Tech’s Biggest Names to Meet at the White House

Tech’s Biggest Names to Meet at the White House

On Monday, a summit will be hosted by the White House of the top technology talent in the country. It is the first meeting of what has been named the American Technology Council that was created through a President Donald Trump executive... 
Cuba Decision by President Trump Worries U.S. Companies

Cuba Decision by President Trump Worries U.S. Companies

President Donald Trump announced that he would be canceling the deal former President Obama made with Cuba. However, that agreement was a good one for many businesses in the U.S. Many firms in the U.S. welcomed the new market that... 
Amazon Acquiring Whole Foods Market for $13.7 Billion

Amazon Acquiring Whole Foods Market for $13.7 Billion

Amazon.com shocked the grocery industry on Friday when it made the announcement it is planning to acquire Whole Foods Market, which instantly introduced additional uncertainty into a sector that is already grappling to maintain pace... 
Nestle Considering Unloading Excess Weight from U.S. Candy

Nestle Considering Unloading Excess Weight from U.S. Candy

The candy market in the U.S. is not as sweet any longer for Nestle SA. The Swiss food behemoth is considering selling its business in the U.S. that makes sugary candy including well known products such as Butterfinger, LaffyTaffy and... 
Most of Europe Ending Mobile Roaming Charges

Most of Europe Ending Mobile Roaming Charges

Europeans that travel through the 28-member block of the European Union can now use mobile device for less costs, thanks to policy makers eliminating mobile device roaming charges throughout the region. Through a joint statement this... 
Coal Losing Out to Cleaner Energy in China

Coal Losing Out to Cleaner Energy in China

The domination by China of the energy markets, long the driver of surging consumption of fossil-fuels and increased carbon pollutions, has not turned the world toward a cleaner path. The largest energy consumer in the world is moving... 
Jeff Immelt to Step Down as GE CEO After 16 Years at the Helm

Jeff Immelt to Step Down as GE CEO After 16 Years at the Helm

Jeff Immelt the General Electric Co.’s CEO the past 16 years is stepping down this summer, which is a departure earlier than had been expected that leave’s the biggest company in Boston under new top leadership only one year after... 
Amidst Plunging Prices, Many Worry Blueberry Farmers Will Close

Amidst Plunging Prices, Many Worry Blueberry Farmers Will Close

Members of the agriculture industry and the state government of Maine fear losing blueberry farmers due to a drop in prices that had made harvesting the crop not the most reliable way to earn a living. One of Maine’s biggest traditions... 
Hudson’s Bay Cutting 2,000 Jobs

Hudson’s Bay Cutting 2,000 Jobs

Hudson’s Bay, the owner of Saks Fifth Avenue announced this week it would be cutting as many as 2,000 jobs in North America in its major effort of restructuring as it posted a loss during the first quarter that was much wider than... 
Problems at Uber Continue as Top Executive for India is Fired

Problems at Uber Continue as Top Executive for India is Fired

A top Uber executive at its Asia business was fired because he did not handle proceedings correctly in a rape case during 2014 that took place in India according to a pair of media reports. Uber Asia president Eric Alexander was given... 
Tesla Electric Vehicles Becoming Much More Common in China

Tesla Electric Vehicles Becoming Much More Common in China

Seeing a Tesla vehicle driving down roads in the biggest cities of China is becoming commonplace. In 2016, Tesla’s sales tripled in China compared to 2015, to more than 10,400 units, shows research done by JL Warrant Capital. That... 
Mickey Drexler Leaving J.Crew CEO Position

Mickey Drexler Leaving J.Crew CEO Position

Mickey Drexler a well-known and respected retailer will step down from his CEO role at J.Crew the clothing brand, said a company spokesperson on Monday. Drexler, who is 72, will stay on as the chairman of the board and James Brett... 
UAE, Bahrain, Saudi Arabia and Egypt End Relations with Qatar

UAE, Bahrain, Saudi Arabia and Egypt End Relations with Qatar

Four countries in the Middle East – United Arab Emirates, Bahrain, Egypt and Saudi Arabia – have cut relations with Qatar. This is the worst diplomatic crisis in decades for Gulf Arab States. The three countries in the Gulf and... 
Outlook for Malls is Not Good

Outlook for Malls is Not Good

The sight of store closings and deserted malls is not new, but it appears that the shuttering of stores and closing of malls might get much worse. According to a report just released by Credit Suisse, 20% to 25% of malls in the U.S.... 
New Jobs Almost 50,000 Less than Expected

New Jobs Almost 50,000 Less than Expected

In May, job creation took a steep drop with only 138,000 new jobs created, and the unemployment rate dropped to 4.3%, according to data released on Friday by the Department of Labor in the U.S. Economists were expecting nonfarm payrolls... 
Finance Chief at Uber Departs Continuing Difficult Year for Company

Finance Chief at Uber Departs Continuing Difficult Year for Company

Just one day after ride-hailing startup Uber fired its former head of its research & development effort for autonomous vehicles, the company announced that Gautum Gupta the head of finance was departing the company to become the... 
Amazon Shares Reach $1,000 with No Stop in Sight

Amazon Shares Reach $1,000 with No Stop in Sight

Amazon stock topped the $1,000 mark on Tuesday, a milestone that directly reflects its incredible rise. Some are now wondering if its next plateau is $2,000 per share. Wall Street analysts are extraordinarily bullish, with just one... 
Production at BMW Slowed by Parts Shortage at Bosch

Production at BMW Slowed by Parts Shortage at Bosch

BMW the luxury car maker based in Germany has slowed or stopped production of some models due to a parts shortage caused by problems at Bosch GmbH a supplier. The problems at the smooth operation show the dependence manufacturers have... 
Most of Chipotle Restaurants Were Hacked by Stealing Malware

Most of Chipotle Restaurants Were Hacked by Stealing Malware

A cybersecurity hack that hit the majority of Chipotle locations allowed the hackers behind it to steal information from credit cards used by customers, confirmed the burrito maker. The company made a first acknowledgement of the breach...