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Exxon Mobil Loses Fight Over Climate Change Assessments
Exxon Mobil (NYSE:XOM) investors have voted to require the oil giant to report on the impact of global measures designed to limit climate change at the annual meeting Wednesday. The resolution was introduced by the New York State Common... More of this article »
New York Times Reducing Employee Total
The New York Times Company (NYSE:NYT) is taking steps to reduce its employee headcount at the Times by offering buyouts to its newsroom employees. The buyouts are aimed primarily at editors, but reporters and others in the newsroom... More of this article »
Goldman Sachs Investment In Venezuela Sparks Criticism
Goldman Sachs Group’s (NYSE:GS) recent purchase of $2.8 billion in Venezuelan bonds has resulted in the company having to defend its actions. The bonds were issued by state oil company Petróleos de Venezuela SA in 2014 and are... More of this article »
Millions Of Android Devices Infected With Ad-click Malware
Tens of millions of Android devices may have been infected with a newly discovered piece of malware used to generate fraudulent ad revenue. Security firm CheckPoint has discovered dozens of Android applications that have been infecting... More of this article »
General Motors Accused Of Using Emissions Defeat Devices
General Motors Co. (NYSE:GM) has been accused of cheating on emissions-testing with its diesel-powered Chevy Silverado, GMC Sierra, and Cruze Diesel models. The class action lawsuit claims that the company used computer software to... More of this article »
President Trump’s Budget Takes Aim At Student Loan Programs
President Trump’s 2018 budget, released Tuesday, proposes considerable changes to federal student loan programs. The budget contains three main proposals aimed at student loans that would apply to loans that were issued on or after... More of this article »
Fiat Chrysler Facing Lawsuit Over Excess Diesel Emissions
The U.S. Department of Justice is filing a civil suit against Fiat Chrysler (NYSE:FCAU) for violating the Clean Air Act. The DoJ released an announcement Tuesday stating that they will be filing the lawsuit against the company. The... More of this article »
Apple And Nokia Reach Agreement In Patent Case
Apple (NASDAQ:AAPL) and Nokia (NYSE:NOK) have reached a new patent license agreement and have signed a new business deal, ending its legal battle. Nokia’s Chief Legal Officer Maria Varsellona said, “(The agreement) moves... More of this article »
Big Changes Coming To Federal Student Loan System
Students at colleges and universities will soon see changes to how their federal student loans are managed. A plan recently announced by the Education Department is intended to simplify a federal student loan servicing system that... More of this article »
Uber Engineer Levandowski Under Fire Over Court Order
Uber has threatened to fire Anthony Levandowski, its current VP of engineering, if he doesn’t comply with a court order and hand over certain documents he is alleged to have taken from Waymo, Google’s self-driving car spinoff.... More of this article »
Foot Locker Disappoints Investors In First Quarter
Foot Locker Inc. (NYSE:FL) missed analysts’ estimates for its first-quarter results, sending its stock on its worst decline in more than eight years. Foot Locker reported first-quarter earnings of $180 million, or $1.36 a share,... More of this article »
Wal-Mart Surprises With Online Sales Strength
Wal-Mart (NYSE:WMT) e-commerce numbers increased dramatically over the same quarter last year, according to its earnings report released Thursday. Its online sales rose a staggering 63 percent and added 0.8 percentage points to its... More of this article »
Biggest Online Retailers Find Themselves In Shipping War
Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Amazon (NASDAQ:AMZN) are currently engaged in a shipping war. The goal is to lure shoppers away from one of the others with their free shipping threshold and other shipping strategies. Target... More of this article »
Ford Planning 10% Reduction In Workforce
Ford Motor (NYSE:F) is reportedly making plans to cut about 10 percent of its workforce around the world. Worldwide, the company employs about 200,000 people, so 10 percent comes out to about 20,000 potentially lost jobs. The cuts... More of this article »
Dick’s Sporting Goods’ Shares Fall On Sales Miss
Dick’s Sporting Goods (NYSE:DKS) failed to grow first-quarter same-store sales as much as Wall Street was expecting, as the company is grappling with intense online competition and declining interest in golf. Same-store sales... More of this article »
Thermo Fisher Reveals Plans To Buy Patheon
Biotech company Thermo Fisher Scientific Inc. (NYSE:TMO) has announced its intentions to buy Dutch drug-ingredients maker Patheon NV (NYSE:PTHN) for $7.2 billion. The deal’s value includes approximately $2 billion of net debt.... More of this article »
Microsoft Blames Spy Agencies For Ransomware Attack
Microsoft (NASDAQ:MSFT) is blaming government agencies for a massive, new ransomware attack that affected hundreds of thousands of computers around the globe. The WannaCry – or WannaCrypt/WanaCrypt – malware locked down... More of this article »
Snap Inc. Misses On Revenue In Q1
Snap Inc. (NYSE:SNAP) posted revenue for the first quarter that missed estimates in its first quarterly earnings report since going public. The company reported revenue of $150 million, lower than the $158 million expected by a Thomson... More of this article »
Comcast And Charter Form Wireless Joint Venture
Comcast Corp. (NASDAQ:CMCSA) and Charter Communications are forming a joint venture to collaborate on the development of technical infrastructure for wireless operations. Under the joint venture, the companies have agreed to work together... More of this article »
21st Century Fox Under Federal Scrutiny Over Payments To Ex-Employees
Federal prosecutors want to know if 21st Century Fox (NASDAQ:FOX) improperly accounted for payments to ex-employees to minimize their impact on Fox’s books. Investigators in the U.S. Attorney’s Office for the Southern District... More of this article »
Apple To Invest $1B In US Manufacturing
Apple (NASDAQ:AAPL) has announced that it will be investing $1 billion in manufacturing its products in the United States. Apple CEO Tim Cook made the announcement in an interview with CNBC’s Jim Cramer. The money will be put into... More of this article »
Miami Lawsuit Against Wells Fargo And Bank Of America To Continue
A lawsuit filed by the city of Miami against Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC) over discriminatory and predatory lending practices will be allowed to continue. The U.S. Supreme Court ruled that Miami can sue the... More of this article »
Apple Ramps Up Fight With Qualcomm
The fight between Apple Inc. (NASDAQ:AAPL) and Qualcomm Inc. (NASDAQ:QCOM) has reached a new height. Apple has informed Qualcomm that it would stop paying disputed licensing fees, intending to wait for a court decision to resume payments.... More of this article »
United Airlines Incident Leads To Changes In Industry
A couple of weeks ago, the world watched horrified as a United Airlines passenger, battered and bloodied, was dragged off an aircraft in Chicago earlier this month. The resulting backlash put airlines’ longstanding policy of putting... More of this article »
Twitter Reports First Revenue Decline Since Going Public
Twitter Inc. (NYSE:TWTR) reported a quarterly revenue decline Wednesday, its first since going public in 2013. The company reported revenue of $548.3 million, down 8 percent year over year. In the same period a year earlier, Twitter’s... More of this article »
President Trump Proposes Massive Corporate Tax Cut
President Trump has signed three executive orders to spark reviews of tax and financial regulations so taxes on businesses and individuals can be cut. He has pledged that the tax cut in total would be the largest in U.S. history. Part... More of this article »
T-Mobile Posts Mixed Results For Q1
T-Mobile (NASDAQ:TMUS) reported mixed results for the first quarter of its fiscal year. The company had $9.55 billion in revenue in the period ended March 31, missing analyst expectations of $9.62 billion. Its net income was $698 million,... More of this article »
Becton To Buy C.R. Bard For $24 Billion
Medical devices company Becton Dickinson & Co. (NYSE:BDX) has announced its intentions to purchase C.R. Bard Inc. (NYSE:BCR) for $24 billion. To fund the deal, Becton will use $1.7 billion of its cash, take on $10 billion of... More of this article »