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Wells Fargo Expands Account Scandal Inquiry, Claws Back Compensation
Wells Fargo & Co. (NYSE:WFC) has released a warning that there may be more victims of the account scandal that rocked the bank last year. The bogus-account scandal involved how employees pitched accounts and other products to... More of this article »
McDonald’s Reveals Big Plans For The Future
McDonald’s (NYSE:MCD) has unveiled an ambitious plan to regain market share in the highly competitive fast food industry. McDonald’s officials spoke at a modern industrial art space in Chicago’s West Loop, a short distance... More of this article »
Sterling Jewelers Under Fire Over Sex Harassment Claims
Sterling Jewelers, parent company of Jared the Galleria of Jewelry and Kay Jewelers, has been hit with class action arbitration suit over claims of rampant sexual harassment and discrimination in the company’s subsidiaries. Sterling... More of this article »
Mexico Axes Tariffs As Part Of NAFTA Negotiations
Mexican Economy Minister Ildefonso Guajardo has announced that his country will walk away from the NAFTA negotiations if the U.S. puts a tariff on products from Mexico. During the presidential campaign last year, then-candidate Donald... More of this article »
Wal-Mart Seeks To Regain Pricing Advantage
Wal-Mart Stores (NYSE:WMT) is launching a new front in the retail pricing war. The company is reportedly running a new price-comparison test in at least 1,200 U.S. stores. The tests are intended to find the right price point across... More of this article »
Federal Directive Sends Private Prison Company Stocks Soaring
A recent directive from President Donald Trump’s Administration has caused the stocks of private prison companies to soar. The Department for Homeland Security (DHS) recently issued two memos that would see the prison populations... More of this article »
Amazon Increasing Its European Workforce By 30%
Amazon (NASDAQ:AMZN) has pledged to create 15,000 new full-time jobs across Europe by the end of 2017. Amazon said in its statement, “These employees will be working on global customer innovations like Alexa, Prime Air, Prime Video,... More of this article »
Verizon-Yahoo Deal Renegotiation Results In Reduced Price
Verizon Communications Inc. (NYSE:VZ) has reportedly renegotiated its $4.8 billion agreement to buy Yahoo! Inc.’s (NASDAQ:YHOO) internet properties, reducing the price by about $250 million. The revised agreement isn’t final and... More of this article »
Walmart Announces Acquisition Of Moosejaw
Walmart (NYSE:WMT) has announced that it has acquired outdoor apparel retailer MooseJaw for $51 million in cash. Walmart purchased Moosejaw from private equity partners Parallel Investment Partners and W Capital Partners. Moosejaw... More of this article »
Yahoo Notifying Users Of Potential Unauthorized Account Access
Yahoo! Inc. (NASDAQ:YHOO) is notifying people that they may have been affected by an attack in which an intruder created forged cookies that would have granted access to accounts without the need for a password. The incidents are part... More of this article »
Unlimited Data Plans Return To Verizon
Verizon Communications Inc. (NYSE:VZ) has returned to unlimited data plans to better compete with the competition. With the new plans, Verizon customers will get as much talk, text, and data as they want per line. Verizon’s unlimited... More of this article »
Ford Announces $1B Investment In AI Tech
Ford Motor Co. (NYSE:F) will invest $1 billion in an artificial intelligence company as part of its efforts to develop self-driving cars by 2021. The $1 billion investment is consistent with the autonomous vehicle capital allocation... More of this article »
Anthem-Cigna Merger Blocked By Court
Anthem Inc’s (NYSE:ANTM) proposed $54 billion merger with smaller rival Cigna Corp. (NYSE:CI) has been blocked by a federal judge. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia said in her decision... More of this article »
Intel Announces $7B Investment In Arizona Factory
Intel’s (NASDAQ:INTC) chief executive Brian Krzanich announced Wednesday that the company will invest $7 billion to build a factory in Arizona. Krzanich made the announcement while standing beside President Trump in the Oval Office... More of this article »
Apple Accused Of Deliberately Breaking FaceTime
A lawsuit filed in California alleges that Apple deliberately broke its FaceTime video chat app on devices running iOS 6 and earlier versions of the mobile operating system. In 2014, Facetime users found that the app would no longer... More of this article »
Number Of Companies Providing Broadband Subsidies Reduced
The Federal Communications Commission has canceled the participation of nine companies in a federal assistance program that provides broadband to low-income people. Until the announcement, the companies were able to sell broadband-only... More of this article »
Amazon Reveals Plans For Air Cargo Hub In Kentucky
Amazon.com Inc. (NASDAQ:AMZN) has announced its intentions to create its first worldwide air cargo hub. The project was announced by the company and Kentucky state officials in a joint statement. According to the Northern Kentucky... More of this article »
Facebook Reports Strong Results For Fourth Quarter
Facebook Inc. (NASDAQ:FB) reported strong results for the fourth quarter of fiscal year 2016. Revenue was up 51 percent year over year as the company reported earning $8.81 billion in revenue in the quarter, reaching earnings per share... More of this article »
Shell Announces Sale Of Oil Fields
Royal Dutch Shell Plc (NYSE:RDS.A) has announced that it will be selling of some of its fields in the North Sea to Chrysaor Holdings Ltd. for about $4 billion. Shell has also inked a deal to sell its stake in an offshore Thai gas field... More of this article »
Advertisers Paying More For Super Bowl Ads, Marketing
Advertisers are paying more to air Super Bowl ads this year, as well as more to market the ads before the big day. The average price of a Super Bowl ad has more than doubled over the past 10 years. According to figures from Kantar... More of this article »
Twitter Reveals Details Of FBI Letters For First Time
Twitter (NYSE:TWTR) recently posted information online about two national security letters it received from the Federal Bureau of Investigation that are no longer restricted by a gag order. The letters to Twitter were sent in September... More of this article »
Oil Pipeline Plans Revived By Executive Order
U.S. President Donald Trump has signed two executive orders to revive construction of the Keystone XL and Dakota Access oil pipelines. The pipelines are designed to be a quicker route for crude oil to move from Canada and North Dakota... More of this article »
Twitter Announces Online Vine Archive
Twitter (NYSE:TWTR) has launched an online archive of Vine videos containing all the posts made from 2013 through 2016. The company is launching the archive on the old Vine website at Vine.co. Twitter said “the Vine archive is a... More of this article »
Apple Files Suit Against Qualcomm In California
Apple Inc. (NASDAQ:AAPL) has officially filed a lawsuit against Qualcomm Inc. (NASDAQ:QCOM) alleging unfair business practices. The suit was filed Friday in federal district court in the Southern District of California. Apple is alleging... More of this article »
Tesla Rolling Out Updated Autopilot Software
Tesla Motors (NASDAQ:TSLA) has announced that it is rolling out its Autopilot software to Model S and Model X cars built since October, which are equipped with second-generation Autopilot hardware. Tesla has been preparing the software... More of this article »
Facebook Testing Fake News Filtering In Germany
Facebook (NASDAQ:FB) has announced that it will begin testing its fake news filtering system in Germany. The company said it began testing a similar filter that would allow users to report fake news in the United States last month.... More of this article »
Breakthrough In Battery Development May Prevent Fires
Stanford University researchers say that they have successfully created a lithium-ion battery with built-in flame suppression. The researchers claim that the flame retardant can extinguish any flames caused by the overheated battery... More of this article »
The Andersons Announce Last Days For Stores
The Andersons Inc. (NASDAQ:ANDE) has announced that it will close all of its remaining stores this spring, effectively ending its money-losing retail business. The board members of The Andersons voted to cease retail operations at... More of this article »