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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... 
Apple Approved to Sell iPhone 7 Across Indonesia

Apple Approved to Sell iPhone 7 Across Indonesia

Apple Inc committed to an investment of close to $44 million in a center for research and development in Indonesia during the upcoming three years, said an official in the government. That has enabled the tech giant to begin sales... 
Targeting Automaker From U.S. Signals Possible Retaliation by China

Targeting Automaker From U.S. Signals Possible Retaliation by China

China is planning to punish an automaker from the U.S. accused of alleged price-fixing is a signal of how the government might retaliate if U.S. President-elect Donald Trump stops decades of relations between both nations. Trump’s... 
SeaWorld Opening First Park That Will Not Have Killer Whales

SeaWorld Opening First Park That Will Not Have Killer Whales

SeaWorld will be opening its first park not inside the U.S. The new park will also not have killer whales. SeaWorld entered into a deal to open a new park in Abu Dhabi with the group Miral Asset Management. Abu Dhabi is the capital... 
Asahi Paying $7.8 Billion to Purchase 5 Beer Brands from AB InBev

Asahi Paying $7.8 Billion to Purchase 5 Beer Brands from AB InBev

Asahi Group Holdings agreed on Tuesday to purchase 5 beer brands in Eastern Europe for €7.3 billion or $7.8 billion from the largest brewer in the world Anheuser-Busch InBev. This is the latest big overseas acquisition by a food... 
Boeing Finalizes Deal with Iran for $17 Billion

Boeing Finalizes Deal with Iran for $17 Billion

Boeing Co, the U.S. based aircraft manufacturer, finalized its deal with Iran to sell the Islamic Republic 80 jets. The deal completed the first major sale between the company and Iran, just as there is a change in political headwinds. Planned... 
Murdoch’s 21st Century Fox Bidding to Acquire Sky

Murdoch’s 21st Century Fox Bidding to Acquire Sky

Media mogul Rupert Murdoch, through 21st Century Fox has proposed the acquisition of 61% of Sky Plc a pay-TV company based in Britain, that is already does not own for a price of $14 billion, just five years following the political... 
Walmart Pressured to Correct Crime Problems

Walmart Pressured to Correct Crime Problems

Labor activists pushing Walmart to increase the retailers minimum wage have now found another target to focus on. They are pressuring the retailer behemoth to improve the security at all its stores as well as parking lots across the... 
E. coli Problems at Chipotle Continue to Hurt the Burrito Maker

E. coli Problems at Chipotle Continue to Hurt the Burrito Maker

Chorizo has not become Chipotle’s savoir. The burrito maker might not have come out of the woods completely from its E. coli problems. All clear from the FDA was given to Chipotle over the outbreak last year, but the burrito maker... 
Amazon Busy With New Formats for Grocery Stores

Amazon Busy With New Formats for Grocery Stores

Amazon.com unveiled on Monday its first grocery store that is small-format called Amazon Go, one of a minimum of three formats that are brick and mortar that the e-commerce giant is looking into as it attempts to enter into an area... 
Health Spending in U.S. Increased Nearly 6%

Health Spending in U.S. Increased Nearly 6%

The U.S. spent over $3.2 trillion on healthcare during 2015, which was higher by 5.8% from the prior year, showed new data released from Centers on Medicare and Medicaid Services. That rate is faster than what was spent during 2014,... 
American Airlines Cuts Schedule to Cuba on Weak Demand

American Airlines Cuts Schedule to Cuba on Weak Demand

U.S. based American Airlines announced that it was lowering its capacity to the Caribbean Island nation of Cuba. The cutbacks arrive only months after the carriers from the U.S. rushed to begin regular service to the island amidst... 
Breitbart Starting to Lose a Number of Advertisers

Breitbart Starting to Lose a Number of Advertisers

Amidst fierce criticism online, advertisers are cutting ties with online news site Breitbart News, a website that is far-right and formerly run by the top aide to Donald Trump, the U.S. president-elect. On Wednesday, Breitbart urged... 
Maersk Acquiring Germany-Based Hamburg Sud

Maersk Acquiring Germany-Based Hamburg Sud

A.P. Moller-Maersk has agreed this week to acquire container shipping line rival Hamburg Sud based in Germany. The news helped send shares in the Denmark-based shipping company up close to 5%. The deal highlights the push toward container... 
CEO at Philip Morris Looking Towards Cigarette Phase Out

CEO at Philip Morris Looking Towards Cigarette Phase Out

Philip Morris International, the largest international tobacco company in the world, could eventually end its cigarette sales, its CEO told the BBC Wednesday, while at the launching of IQOS an alternative product in Britain. The IQOS,... 
FBI: Black Friday Sets New Record for Background Checks for Guns

FBI: Black Friday Sets New Record for Background Checks for Guns

The Federal Bureau of Investigation said that a record number of background checks for guns were processed on Friday November 25, which was Black Friday. This is a possible indicator that firearm sales are higher. This year NICS or... 
Dominos in Japan Testing Pizza Delivery with Reindeer

Dominos in Japan Testing Pizza Delivery with Reindeer

Companies across the globe will do just about anything today as a way to connect their company image or message to Christmas season. That includes reindeer, yes Rudolph the one with the red nose that has been the headliner in an unknown... 
Black Friday Online Sales Gaining on Those of Cyber Monday

Black Friday Online Sales Gaining on Those of Cyber Monday

Thanksgiving and Black Friday are gaining on Cyber Monday as bonanzas for online shopping. On Friday, Amazon.com announced that its Thanksgiving and Black Friday orders were on pace to pass the same two days for last year, due to more... 
Reports Show That Shopping Online on Thanksgiving Passed $1 Billion

Reports Show That Shopping Online on Thanksgiving Passed $1 Billion

Online spending across the U.S. by bargain hunters surpassed the $1 billion mark by early evening on Thanksgiving according to an online firm that tracks visits to e-commerce sites. The volume represents nearly a 14% increase over... 
No Aloe Vera Found in Aloe Vera Products in CVS and Walmart

No Aloe Vera Found in Aloe Vera Products in CVS and Walmart

Many Americans purchase an aloe vera gel to soothe their damaged skin, but analysts say the gel does not have any evidence of aloe vera. Samples from aloe gel purchased at Target, CVS and Walmart that was store-brand, showed no indications... 
Dr Pepper Snapple Acquiring Bai Brands at a Price of $1.7 Billion

Dr Pepper Snapple Acquiring Bai Brands at a Price of $1.7 Billion

On Tuesday, Dr Pepper Snapple announced that it would acquire Bai Brands an antioxidant beverages maker for cash in the amount of $1.7 billion. This is just the most recent example of a maker of soft drinks investing in products perceived... 
Symantec Spending $2.3 Billion to Acquire LifeLock

Symantec Spending $2.3 Billion to Acquire LifeLock

On Monday, Symantec announced that it would acquire LifeLock the U.S. based identity theft protection services business for a price tag of $2.3 billion. Symantec is expecting to finance this transaction with cash and new debt of $750... 
Donald Trump to Pay Settlement of $25 Million in Fraud Cases

Donald Trump to Pay Settlement of $25 Million in Fraud Cases

Donald Trump the new President-elect, who has bragged repeatedly that he never settles any lawsuits despite having a history of doing just that, agreed to a settlement of $25 million to end fraud cases that were pending against his... 
Donald Trump Tariffs Will Not Return Jobs to Rust Belt

Donald Trump Tariffs Will Not Return Jobs to Rust Belt

Donald Trump the new President-elect has promised to return jobs to the Rust Belt of the U.S. by getting tough on China and Mexico. To accomplish that, he has threatened to use tariffs. The argument Trump gives is that if he makes... 
Casino Stock Plunges After Staff Detained in China

Casino Stock Plunges After Staff Detained in China

One of the top casino operators in Australia has major problems in China and shares of its stock are taking a big hit. Crown Resorts shares plunged almost 14% on Monday in Sydney after the company announced that authorities in China...