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Jury Awards $100,000 to Woman Burned by Starbucks Coffee

Jury Awards $100,000 to Woman Burned by Starbucks Coffee

 When coffee spilled on the lap of Joanne Mogavero, she suffered first- and second-degree burns, said her lawyers. A Florida jury awarded Mogavero $100,000 after she was burned from the coffee she had purchased in 2014 at Starbucks. The... 
IBM Tells Work at Home Employees It’s Back to the Office

IBM Tells Work at Home Employees It’s Back to the Office

For thousands of employees at IBM working from home is an important advantage but the company announced on Friday that it was ending the benefit for a large number of them. The tech giant has been the leader in allowing its employees... 
Deere Announces Earnings for Second Quarter

Deere Announces Earnings for Second Quarter

Deere & Co based in Moline, Illinois posted fiscal net income for the second quarter that reached $802.4 million compared to $495.4 million for the same period one year ago. For its first half of the fiscal year, attributable net... 
Debt in U.S. Households Returns

Debt in U.S. Households Returns

It took close to 10 years, but debt made a return to U.S. households. Americans have borrowed more money now than during the height of the 2008 credit bubble that started the worldwide collapse of the financial system. On Wednesday,... 
Profit at Target Tops the Street As Turnaround Efforts Take Hold

Profit at Target Tops the Street As Turnaround Efforts Take Hold

Target Corp posted quarterly sales and profit that were higher than had been expected as several turnaround initiatives, including the revamping of stores and more promotions, have paid off. Shares of Target were up 8.4% in Wednesday... 
Home Depot Posts Sales and Earnings That Beat Wall Street

Home Depot Posts Sales and Earnings That Beat Wall Street

Home Depot has been able to buck the most recent downturn trends for retail posting on Tuesday that more consumers visited its stores during its first quarter than what had been anticipated. The revenue and earnings for the do it yourself... 
JetBlue Accused of Kicking Family off Flight

JetBlue Accused of Kicking Family off Flight

A family on its way to celebrate a birthday in Las Vegas earlier this month said it was kicked off a JetBlue flight due to where they could store the birthday cake they brought aboard the flight, even after; the family said they complied... 
Retail Sales in U.S. Rise; Rebound in Consumer Prices

Retail Sales in U.S. Rise; Rebound in Consumer Prices

Retail sales in the U.S. increased in April, while there was a rebound in consumer prices, pointing to an increase in economic growth and the gradual rise of inflation that might keep the U.S. Federal Reserve on its path to increase... 
Nordstrom Revenue and Earnings Beat Wall Street

Nordstrom Revenue and Earnings Beat Wall Street

During a day when a number of stocks in retail were struggling, Nordstrom posted sales and earnings for its first quarter that beat expectations on Wall Street. However, shares at Nordstrom fell after hours when investors took time... 
Aetna to Drop ALL Obamacare

Aetna to Drop ALL Obamacare

Aetna Inc. the giant health insurer announced Wednesday that it would be leaving the individual insurance market for the Affordable Care Act in 2018 in Nebraska and Delaware, the two states that it still offers plans in. Aetna already... 
Concerns Over ESPN Pull Disney Down

Concerns Over ESPN Pull Disney Down

A drop in numbers of subscribers and higher costs for programming at ESPN its cash cow weighed on Walt Disney Co stock Tuesday, overshadowing profit for the quarter that beat expectations on Wall Street. A close watch by investors... 
Apple Supply Chain Prepping for October iPhone 8 Launch

Apple Supply Chain Prepping for October iPhone 8 Launch

The most recent reports from the Apple iPhone supply chain in China have refuted previous reports that the next generation mobile handset would have a delay, and have claimed that manufacturers of previous products resolved problems... 
Coach Pays $2.4 Billion for Kate Spade

Coach Pays $2.4 Billion for Kate Spade

Coach Inc. the famous maker of handbags announced that it would acquire Kate Spade & Co. at a price of $2.4 billion looking to tap into the popularity of the quirky totes and satchels of its smaller rival, amongst millennials. The... 
China’s Messenger App WeChat Blocked by Russia

China’s Messenger App WeChat Blocked by Russia

Tencent the internet giant based in China announced on Saturday that WeChat its messaging app was blocked in Russia. The company added that it had been in touch with local authorities trying to resolve the problem as quickly as possible. WeChat,... 
Jobs Market Rebounds, Adds Over 211,000 New Jobs

Jobs Market Rebounds, Adds Over 211,000 New Jobs

The U.S. jobs market rebounded during April amidst milder spring weather with employers adding 211,000 new jobs. This provided new evidence that March’s weakness was just a one-off incident and would not keep the U.S. Federal Reserve... 
Revenue Expectations Exceeded by New York Times

Revenue Expectations Exceeded by New York Times

The New York Times Co posted its largest revenue growth for a quarter in the past six years, which beat expectations on Wall Street, thanks to surging digital subscriptions amidst the media storm that was triggered by last fall’s... 
Etsy Changes CEO, Plans Jobs Cut to Lower Costs

Etsy Changes CEO, Plans Jobs Cut to Lower Costs

Etsy, Inc. has replaced Chad Dickerson with Josh Silverman, a director, as its new CEO. The company said it was cutting 8% of its overall workforce in an attempt to cope with a slowdown in growth of sales. Shares tumbled by up to 21%... 
Profit Triples at BP Thanks to Increase in Oil Prices and Output

Profit Triples at BP Thanks to Increase in Oil Prices and Output

Profit at BP close to tripled during the first three months of 2017 compared to the same period one year earlier, buoyed by an increase in oil prices along with production that hit a high of five years, while debt increased so it could... 
Twitter Teams Up with Bloomberg for 24/7 Video Stream

Twitter Teams Up with Bloomberg for 24/7 Video Stream

News aficionados that are Twitter users will be happy to know that the micro-blogging site is teaming up with Bloomberg to launch a 24-hour new video feed on the site. Twitter has pushed deeper into the news and live video arena with... 
Governor Brown Signs Measure to Increase Gas Tax

Governor Brown Signs Measure to Increase Gas Tax

In November, California drivers are going to see a hike in the price of gas and will be paying more to register vehicles starting in January after Governor Jerry Brown on Friday signed a new measure into law which is a tax hike annually... 
Growth During First Quarter in U.S. Weakest in 36 Months

Growth During First Quarter in U.S. Weakest in 36 Months

The economy in the U.S. expanded at the weakest pace in the past three years during the first three months of 2017 as spending by consumers was nearly flat and investments in inventories by businesses were down, in a possible setback... 
Ford Posts 35% Drop in Profit for First Quarter

Ford Posts 35% Drop in Profit for First Quarter

Profit at Ford was down by 35% during its 2017 first quarter to just over $1.6 billion as the higher costs of recalls, materials and warranties ate into its earnings. The automaker, based in Dearborn, Michigan, also was faced with... 
Fiat Chrysler Profits Increase by 34%

Fiat Chrysler Profits Increase by 34%

On Tuesday, Fiat Chrysler Automobiles announced that its profit for the first quarter of 2017 was $698.1 million, an increase of more than 34% in comparison to the same three-month period one year ago. The increase was driven primarily... 
Trump Places Tariff on Softwood Lumber from Canada

Trump Places Tariff on Softwood Lumber from Canada

The White House administration on Monday moved to place a tariff of 20% on Canadian softwood lumber escalating an already intense trade dispute between the two neighbor nations. President Donald Trump announced his decision on the... 
Panera to Hire 10,000 Employees Before 2017 Ends

Panera to Hire 10,000 Employees Before 2017 Ends

On Monday, Panera Bread announced it would move ahead at a brisk pace to expand its delivery services in more of its cafes. The sandwich maker announced that it will hire up to 10,000 employees before the end of 2017 to help with its... 
VW Dealers in Canada Move Diesels into Showrooms

VW Dealers in Canada Move Diesels into Showrooms

Volkswagen dealers across Canada have resumed selling their diesel vehicles that were held in inventory since the scandal over emissions cheating broke back in 2015. The vehicles – Golfs, Jettas, Passats and Beetles – are from... 
Quarterly Earnings at Imax Take Drastic Drop

Quarterly Earnings at Imax Take Drastic Drop

Imax, with its giant movie screens that have made it very popular, posted on Thursday earnings for its fiscal first quarter that were sharply lower, but in line with estimates on Wall Street. Led by Richard Gelfond its CEO, Imax posted... 
Former Patriots Tight End Hangs Himself

Former Patriots Tight End Hangs Himself

Aaron Hernandez, the former tight end with the New England Patriots, who was in prison serving a term of life for murder, hanged himself early Wednesday inside his prison cell, said officials from the Massachusetts Department of Corrections. Hernandez,... 
U.S. Company Acquiring Britain’s Weetabix for $1.8 Billion

U.S. Company Acquiring Britain’s Weetabix for $1.8 Billion

Post Holdings the cereal company based in the U.S. agreed to acquire Britain-based Weetabix from Bright Food Group in China for a price of £1.4 billion or $1.76 billion. The deal expands Post’s international footprint. The deal... 
China Lifts Global Outlook While Consumer Spending in U.S. Weakens

China Lifts Global Outlook While Consumer Spending in U.S. Weakens

The economy in China returned with vengeance during the first three months of 2017, recording its first acceleration back to back in the past seven years and the global outlook for growth just when signs of reduced spending by consumers... 
Uber Releases Financials to Distract from Poor Publicity

Uber Releases Financials to Distract from Poor Publicity

Uber, the popular startup specializing in ride-hailing services shared some of its new financials this week. The financials show that Uber continues to grow with impressive speed and despite its staggeringly high losses might be finding... 
Berkshire Cuts Stake in Wells Fargo to Below Limit Set by Fed

Berkshire Cuts Stake in Wells Fargo to Below Limit Set by Fed

Berkshire Hathaway Inc. owned and operated by Warren Buffett is cutting its Wells Fargo & Co stake to less than 10% after it was told by the Federal Reserve that staying about that particular threshold would limit the ability it... 
Akzo Nobel Pressured to Unseat Chairman in Takeover Battle

Akzo Nobel Pressured to Unseat Chairman in Takeover Battle

Pressure has been increased by an activist investor on Dulux paint owner Akzo Nobel by calling for the chairman of the company to be axed. Elliot Investors has called for the removal of Antony Burgmans following the refusal of the... 
United Airlines Shares Tank Following Global Storm on Social Media

United Airlines Shares Tank Following Global Storm on Social Media

Early Tuesday United Continental Holdings plunged as outrage over the airlines’ removal of one of its passengers from a flight went viral across social media spreading like wildfire around the world. Stock at Untied fell by up to... 
Volvo Worried About Possible Import Tax in U.S.

Volvo Worried About Possible Import Tax in U.S.

Volvo Cars would be hit hard if the U.S. imposes a new tax on the importing of certain goods, even as it prepares to hire as many as 4,000 workers for its new facility in South Carolina, said its head of operations in North America. Volvo,... 
U.S. Labor Department Says Google Underpays Women

U.S. Labor Department Says Google Underpays Women

On Friday, the United States Department of Labor said Google discriminates against employees who are female when it relates to pay at a level worse than the tech industry overall. The Labor Department found compensation disparities... 
Sunoco Selling Over 1,100 Stores in U.S. to Operator of 7-Eleven

Sunoco Selling Over 1,100 Stores in U.S. to Operator of 7-Eleven

Sunoco LP announced Thursday it was selling 1.110 of its convenience stores to Seven & I Holdings based in Japan for $3.3 billion due to the company, based in Texas, shifting focus to its business of fuel supply. Shares of Sunoco... 
Boeing Investing in Tech Startups with New Venture

Boeing Investing in Tech Startups with New Venture

Boeing Co announced Wednesday it launched a new venture capital group and had invested in a pair of tech startups, a new sign of how important it is for large companies to keep up with the quickly evolving world of technology for the... 
Ralph Lauren Cutting Jobs, Closing Fifth Avenue Location

Ralph Lauren Cutting Jobs, Closing Fifth Avenue Location

On Tuesday, Ralph Lauren said it would cut jobs due to shuttering store locations and corporate offices including its Polo flagship store on Fifth Avenue in New York City. These actions are part of the Way Forward Plan of the retailer... 
U.S. Says Companies Cannot Overlook Americans Who Are Qualified

U.S. Says Companies Cannot Overlook Americans Who Are Qualified

The White House administration issued a warning to companies in the U.S. as they start applying for the coveted visas for skilled workers, cautioning it would investigate as well as prosecute those overlooking qualified Americans for... 
Manufacturing in UK Slows as Pressure Continues from Inflation

Manufacturing in UK Slows as Pressure Continues from Inflation

Manufacturing in the UK unexpectedly cooled in March for the third month and might weaken even further, said IHS Markit, which repeated the warning it did last month related to inflationary pressures. Markit’s Purchasing Manager’s... 
Huawei Technologies Earnings Growth Slows Down

Huawei Technologies Earnings Growth Slows Down

China-based Huawei Technologies posted earnings growth that was its slowest in the past five years, as the biggest telecommunications gear maker in China invested in research and a blitz in marketing to narrow the gap between it, Samsung... 
Economic Growth for Fourth Quarter Revised Up

Economic Growth for Fourth Quarter Revised Up

Economic growth for the United States slowed down less than what was reported previously during the fourth quarter amidst strong spending by consumers that was met partially with an increase in imports. The gross domestic product or... 
Westinghouse Files For Bankruptcy

Westinghouse Files For Bankruptcy

Toshiba Corp’s nuclear unit in the U.S., Westinghouse, filed Chapter 11 bankruptcy protection on Wednesday, as its parent based in Japan looks to limit losses that could threaten the future of the company. The Chapter 11 filing will... 
Authorities Investigate Coca Cola Cans Containing Human Waste

Authorities Investigate Coca Cola Cans Containing Human Waste

Police started an investigation in Northern Ireland after finding what appears to be human waste in soda cans that were delivered to a factory of Coca-Cola. The Lisburn factory night shift was disrupted a week ago when machines clogged... 
Emaar Malls Making Bid to Buy Souq.com Challenging Amazon

Emaar Malls Making Bid to Buy Souq.com Challenging Amazon

Emaar Malls in Dubai is the operator of glitzy shopping centers across the Middle East and has made an offer of $800 million for Souq.com the online retailer in the region. This has set up a possible bidding war for the online retailer... 
SeaWorld Expanding to China After New Investment

SeaWorld Expanding to China After New Investment

A real estate investment company from China announced it became the largest SeaWorld shareholder and will import the controversial theme parks of the U.S. company into China. In a statement it released on Friday, the Zhonghong Zhuoye... 
Amazon.com Wins Tax Dispute of $1.5 Billion Over IRS

Amazon.com Wins Tax Dispute of $1.5 Billion Over IRS

On Thursday, Amazon.com won a tax dispute of over $1.5 billion with the Internal Revenue Service related to transactions involving a unit in Luxembourg over a decade ago. A U.S. Tax Court judge rejected a number of arguments by the... 
Nike Shares Plummet Following Poor Sales

Nike Shares Plummet Following Poor Sales

Nike, which has legends of basketball such as Michael Jordan and current star LeBron James as part of its arsenal of endorsers, announced this week that total revenue was higher by only 5% during its just ended quarter. Investors have... 
Sears Announces Doubts Over Future

Sears Announces Doubts Over Future

Sears Holding Corp, at one time the largest retailer in the U.S., warned Tuesday over its ability to continue after years of suffering declining sales and losses. Sears, in its annual report for its January 28 fiscal year end, said...