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Amazon To Create 100,000 U.S. Jobs By Mid-2018
Amazon.com Inc. (NASDAQ:AMZN) has announced plans to create more than 100,000 full-time jobs in the U.S. over the next 18 months. Amazon says that these new job opportunities will be for people “with all types of experience, education... More of this article »
Supreme Court Debates Public School Responsibilities To Disabled Students
The U.S. Supreme Court heard arguments on Wednesday on whether federal law requires public schools to provide more than the bare minimum in special services for children with disabilities. The lower courts have disagreed about what... More of this article »
Toyota Announces Big Investment In U.S.
Toyota Motor (NYSE:TM) has announced that it would be investing up to $10 billion in U.S. capital investments over the next five years. The $10 billion will be spent finishing construction of Toyota’s new North American headquarters... More of this article »
McDonald’s Agrees To Sell Most Of China, Hong Kong Business
McDonald’s Corp. (NYSE:MCD) has agreed to sell the bulk of its China and Hong Kong business for up to $2.1 billion in a 20-year deal. The deal will form a new company that will link McDonalds with Chinese company CITIC Limited,... More of this article »
Another Volkswagen Employee Arrested Over Emissions Scandal
Another employee of Volkswagen has been arrested by the Federal Bureau of Investigation in connection with the company’s emissions-cheating scandal. Former general manager of the engineering and environmental office for VW of... More of this article »
Investor Lawsuit Against Volkswagen Going Forward
A lawsuit filed in the U.S. by investors seeking damages in the aftermath of Volkswagen AG’s emissions-cheating scandal can go forward, a U.S. court has ruled. Holders of Volkswagen’s American depositary receipts (ADRs), which... More of this article »
Snap Inc. Performance Questioned Ahead Of IPO
A former Snap Inc. employee has filed a lawsuit claiming that the company hasn’t been honest about its pre-IPO performance metrics. The suit was filed with the L.A. County Superior Court. The filer of the lawsuit, Anthony Pompliano,... More of this article »
Sears Announces More Store Closures
Sears (NASDAQ:SHLD) is reportedly exercising its right to terminate the leases on 19 unprofitable stores. The closures were announced in an SEC filing by Seritage Growth Properties, the real estate investment trust spun off from the... More of this article »
New McDonald’s Opens Near Vatican Amid Controversy
Last week, a new McDonald’s (NYSE:MCD) opened just outside Vatican City, 100 yards from the holy state, home of the Pope. The restaurant is located in the Roman district of Borgo, at the corner of Borgo Pio and Via del Mascherino.... More of this article »
Hyundai & Kia Optimistic For 2017
South Korea’s largest automakers Hyundai Motor Co. and its affiliate Kia Motors Corp. have expressed optimism for the coming year, with both saying that they plan to expand production and increase sales. The companies forecast that... More of this article »
Walmart Slapped With Trademark Infringement Suit By Run-DMC
Walmart (NYSE:WMT) has been hit with a multi-million lawsuit by rap group Run-DMC for selling products that traded on the group’s name and logo without permission. Darryl “DMC” McDaniels, a founder of the group and... More of this article »
Kate Spade & Co. Planning For Sale
Handbag maker Kate Spade & Co. (NYSE:KATE) is planning to explore a formal sale of the company. The retailer is reportedly working with financial advisers on sale preparations, according to a person familiar with the situation.... More of this article »
Apple Wins Holiday Season Smartphone Sales
Apple (NASDAQ:AAPL) has dominated holiday season smartphone sales once again. Flurry Analytics estimates that the company captured 44 percent of device activations during the Dec. 19 to Dec. 25 period. Samsung followed at 21 percent,... More of this article »
Many Favorite Disney Movies Are Coming To Hulu
Hulu has announced reaching a multi-year licensing agreement with Disney (NYSE:DIS) that will bring family favorites like Mulan, Pocahontas, and The Nightmare Before Christmas to the service. The deal gives the service exclusive subscription... More of this article »
Boeing Contract With Iran Worth Half Of Stated Amount
Iran has announced that it has negotiated a great discount on its contract with Boeing Co. (NYSE: BA), agreeing to pay roughly half the listed amount for the aircraft ordered. Iran Air has a contract with Boeing to purchase 80 new... More of this article »
Facebook Under Fire In Europe Over Whatsapp Deal
Facebook (NASDAQ:FB) is facing accusations in Europe that it misled regulators to receive regulatory approval for its $19 billion purchase of internet messaging service WhatsApp. Margrethe Vestager, Europe’s competition chief, said... More of this article »
Delta And Alaska Airlines Ending Partnership
Delta Air Lines (NYSE:DAL) and Alaska Airlines (NYSE:ALK) have confirmed that they will officially terminate their frequent-flier and codeshare partnerships at the end of April. In nearly simultaneous announcements, the two airlines... More of this article »
Germany Takes On Facebook And Fake News
Facebook’s (NASDAQ:FB) “fake news” problem may be about to cost the company a lot of money in fines. German politicians are considering a law that would fine the company €500,000 ($519,525) for each false news post... More of this article »
Apple Takes On EU In $14B Court Fight
Tech giant Apple (NASDAQ:AAPL) is gearing up to battle the European Commission in court over a $14 billion tax charge. This week, the company is reportedly launching a legal challenge over a ruling that found it owed roughly that much... More of this article »
Want McDonald’s Delivered? Soon, You Can In Florida
McDonald’s Corp. (NYSE:MCD) has announced that it is partnering with UberEATS to provide delivery services for nearly 200 of its restaurants in Florida. Customers in Miami, Orlando, and Tampa will be able to have McDonald’s delivered... More of this article »
Amazon Reportedly Developing App For Truck Shipments
Reports have emerged that Amazon (NASDAQ:AMZN) is building an app that would connect truckers with shippers in need of truckers in an “Uber-like” way. Several job postings by the company appear to confirm this. A job posting for... More of this article »
American Airlines Fined $1.6M Over Tarmac Delays
The U.S. Transportation Department has fined American Airlines (NASDAQ:AAL) $1.6 million for violating a rule that prohibits long tarmac delays. American Airlines reportedly broke the DOT’s tarmac delay rule 27 times in 2013... More of this article »
Yahoo Announces Another Massive Security Breach
Yahoo (NASDAQ:YHOO) has broken its own embarrassing record for the biggest security breach in history. Now, the company is saying that a 3-year-old security breach enabled a hacker to compromise more than 1 billion user accounts. Nearly... More of this article »
Obama Administration Blocks Raytheon Sale To Saudi Arabia
The White House has decided to limit arms sales to Saudi Arabia, directly targeting a sale by Raytheon Co. (NYSE:RTN). The administration has made the decision to block the sale of about 16,000 guided munitions kits by Raytheon to... More of this article »
Viacom Merger With CBS Now Unlikely
The anticipated merger of CBS Corp. (NYSE:CBS) and Viacom (NASDAQ:VIA) now looks like it’s not going to happen. National Amusements has withdrawn its proposal for the two companies to explore a merger. National Amusements controls... More of this article »
Sears Holdings Reports More Losses For Third Quarter
Sears Holdings (NASDAQ:SHLD), operator of Sears and Kmart stores, reported another dismal quarter for the third quarter of its fiscal year. The retailer posted a loss of $748 million in the latest quarter, the company’s 20th consecutive... More of this article »
Abbott Laboratories Wants Out Of Alere Merger
Health care giant Abbott Laboratories (NYSE:ABT) wants to get out of its deal to buy medical test developer Alere Inc. Abbott has filed a lawsuit to terminate the $5.8 billion agreement, saying Alere has lost significant value since... More of this article »
Trump Takes On Boeing Over Contract For New Air Force One
President-elect Donald Trump believes that the contract with Boeing (NYSE:BA) to build the new Air Force One should be canceled because it is too expensive. On Tuesday morning, Trump tweeted, “Boeing is building a brand new 747... More of this article »