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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... 
UPS Fined $247 Million Over Illegal Shipments of Cigarettes

UPS Fined $247 Million Over Illegal Shipments of Cigarettes

A judge in federal court has ruled that United Parcel Service must pay close to $247 million in penalties and damages for the illegal shipping of large quantities of cigarettes that were untaxed in New York, showed a court filing on... 
Sales Plunge at Sears One More Time

Sales Plunge at Sears One More Time

Another quarter has come and gone and another round of horrible financial results was released by Sears Holdings. The struggling retailer, which earlier in 2016 said there were doubts it could continue, once again on Thursday posted... 
Uber Underpaid Drivers in New York City for Two Years

Uber Underpaid Drivers in New York City for Two Years

On Tuesday, Uber Technologies announced that it had underpaid its drivers in New York City for over two years. The error has cost the ride-hailing start-up millions of dollars. Generally, Uber takes its commission from drivers after... 
Police in Hong Kong Arrest 21 Drivers from Uber

Police in Hong Kong Arrest 21 Drivers from Uber

On Tuesday, police in Hong Kong arrested 21 drivers from Uber for illegal car-hiring in a crackdown against operations of Uber Technologies in one of Asia’s top financial cities. The Tuesday arrests are just the latest problems facing... 
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...