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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... 
Sprouts Farmers Market Stock Sees Unusual Activity

Sprouts Farmers Market Stock Sees Unusual Activity

Trading in stock and options in Sprouts Farmers Market surged during trading last week prior to the report that the retailer specializing in natural foods was in merger talks, raising many questions about if the news of a deal had... 
International Investors Set to Scoop Windfall As UK Heads for Major Day of Sport

International Investors Set to Scoop Windfall As UK Heads for Major Day of Sport

United States firms investing in the British sports market and its associated industries are set reap a huge return on their investment this April as the United Kingdom hosts several of its most prominent, major live sporting events... 
China Preparing to Counter Any Trade Penalties by U.S.

China Preparing to Counter Any Trade Penalties by U.S.

The government of China has sought advice from its policy advisers and different think tanks on how it can counter possible trade penalties by President Donald Trump of the U.S. The advisers believe President Trump will likely impose... 
Walmart Acquires Womenswear Online Site ModCloth

Walmart Acquires Womenswear Online Site ModCloth

More consolidation has taken place in the online fashion world. Walmart on Friday announced it has acquired ModCloth, a retailer of womenswear that focuses on the younger, progressive demographic with a broader range of sizes that... 
Rakuten Betting Its Online Shopping on Drones

Rakuten Betting Its Online Shopping on Drones

Rakuten kicked of its 2017 through celebrating a new world record for the longest delivery carried out by a drone by Autonomous Control Systems Laboratory its research partner. A container of hot soup was flown by a drone over 7 miles... 
Cathay Pacific Shares Fall Following First Loss in 8 Years

Cathay Pacific Shares Fall Following First Loss in 8 Years

Cathay Pacific Airways posted its first loss in the past eight years and ended its plans for a dividend during the second six months of the year after tough competition from airlines in China and losses due to fuel hedging ate into... 
Valeant Stake Held by Bill Ackman Sold At Huge Loss

Valeant Stake Held by Bill Ackman Sold At Huge Loss

Bill Ackman, who operates Pershing Square Capital Management, has conceded defeat with Valeant Pharmaceuticals International. After he waged an outspoken and very costly public defense of Valeant, the controversial pharmaceutical company,... 
Intel to Buy Mobileye for $15.3 Billion

Intel to Buy Mobileye for $15.3 Billion

On Monday, Intel Corp announced that it reached a deal to acquire Mobileye N.V. at the price of $15.3 billion. This is the latest investment the technology giant has made in the future of the self-driving vehicle. This deal gives Mobileye... 
Ivanka Trump Products See Increase in Sales During February

Ivanka Trump Products See Increase in Sales During February

The Ivanka Trump fashion label was in the headlines during February when Nordstrom dropped the brand from stores when it was attacked by President Trump on Twitter. Then, more companies dropped Ivanka’s brand when Kellyanne Conway... 
U.S. Adds 235,000 New Jobs in February

U.S. Adds 235,000 New Jobs in February

Employers during February added over 235,000 new jobs, said the Department of Labor on Friday. The hefty increase clears the way for the U.S. Federal Reserve to raise its interest rate during next week’s meeting. The jobless rate... 
China Gives 31 New Trump Trademarks Preliminary Approval

China Gives 31 New Trump Trademarks Preliminary Approval

China has given preliminary approval of 31 new Trump trademarks related to businesses that range from spas and hotels to weather forecasting and animal training. This has reopened the big debate about possible conflicts of interest... 
Dick’s Sporting Goods Eliminating Unpopular Brands

Dick’s Sporting Goods Eliminating Unpopular Brands

On Tuesday, Dick’s Sporting Goods announced it is planning to eliminate certain brands that have become less popular with its shoppers, as the sporting goods retailer continues pushing to capitalize on the problems of its major rivals. The... 
Lowe’s Posts Earnings Beat, Expects Strong Comps to Continue

Lowe’s Posts Earnings Beat, Expects Strong Comps to Continue

The second biggest chain of home improvement stores in the U.S., Lowe’s posted strong numbers for its fourth quarter, beating estimates on Wall Street for both its topline and bottom line. This comes after strong numbers were posted... 
Major League Soccer Looks to Become Major

Major League Soccer Looks to Become Major

Teams in the MLS on average are worth $185 million which is 80% higher than just four years ago. That boost in overall value comes while the league promotes itself as being truly major or as popular and important as the NFL, MLB, NBA... 
Federal Scrutiny Leads to Raid at Caterpillar

Federal Scrutiny Leads to Raid at Caterpillar

Years of scrutiny by federal officials related to the business practices of Caterpillar overseas along with tax strategies reached a boiling point on Thursday when agents raided the Peoria headquarters of the maker of heavy machinery. Authorities... 
Top Lawyer at Yahoo Resigns, CEO Loses Bonus

Top Lawyer at Yahoo Resigns, CEO Loses Bonus

Ronald Bell the top lawyer at Yahoo announced his resignation on Wednesday and CEO Marissa Mayer lost her bonus for 2016 after an internal investigation by the board of the hack of its computer system in 2014 that stole information... 
University in San Francisco Cuts IT workforce, Jobs Outsourced to India

University in San Francisco Cuts IT workforce, Jobs Outsourced to India

The University of California at San Francisco announced on Tuesday it laid off 49 employees in its information technology (IT) department. At the same time, the university said it has outsourced the work of the 49 employees to a company... 
Target Hit by Sales Declines

Target Hit by Sales Declines

The Target turnaround has been short-lived. On Tuesday the U.S. based discount retailer posted a third consecutive quarter of declines in comparable sales, as a surge of 34% in its online business could not compensate for the exodus... 
Netflix and Amazon Earn Oscars

Netflix and Amazon Earn Oscars

Silicon Valley is now officially a crasher of the biggest awards show in Hollywood. On Sunday, Netflix and Amazon.com collected the first streaming services Academy Awards while an independent studio known as A24 won the coveted Oscar... 
Nordstrom Says Tweets by President Trump Did Not Hurt Results

Nordstrom Says Tweets by President Trump Did Not Hurt Results

Nordstrom is investing over $3 billion over the upcoming years to make upgrades that include technology enhancements. The furor over the decision by the retailer to drop the line of Ivanka Trump collection and the unhappy response... 
HP Enterprises Lowers Profit Forecast for Full Year

HP Enterprises Lowers Profit Forecast for Full Year

Hewlett Packard Enterprise, the corporate enterprise software and hardware business for Hewlett-Packard lowered its profit forecast for the full year as the business is facing intense competition in cloud related business as well as... 
McDonald’s Cutting Drink Prices

McDonald’s Cutting Drink Prices

McDonald’s Corp, which is reeling from a restaurant slump industry wide along with a slowdown in growth from its push into all-day breakfast, has shifted its look to beverages as a way to help pick up its business. The world’s... 
Walmart Online Growth During Holiday Season Reaches 29%

Walmart Online Growth During Holiday Season Reaches 29%

Shares of Walmart rose by 3% Tuesday after the giant retailer posted its tenth consecutive quarter of increasing comparable sales in the U.S. fueled by big gains in its business online. The largest retailer in the world has invested... 
Extradition of Kim Dotcom Upheld by Judge in New Zealand

Extradition of Kim Dotcom Upheld by Judge in New Zealand

On Monday, a judge in New Zealand upheld a ruling handled down earlier by a court that Kim Dotcom the internet entrepreneur and three colleagues of his could be extradited to face criminal charges in the United States. This decision... 
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...