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United Airlines Unveils New Business Class Offerings
United Airlines (NYSE:UAL) unveiled its much talked-about Polaris business-class program on Thursday. The airline calls its new Polaris service a “complete re-imagination of business class flying.” United Airlines operates... More of this article »
Federal Government Set To Forgive $108 Billion In Student Loan Debt
A report recently released by the Government Accountability Office projects the full cost of income-based repayment plans for student loan debt for the first time. According to the report, the federal government will forgive at least... More of this article »
Tiger Woods Tees Up For Competitive Golf In Bahamas
Tiger Woods will be making his return to competitive golf this week in the Bahamas at the Hero World Challenge. Woods is a five-time winner of the tournament, with his last win coming in 2011. The Hero World Challenge at Albany begins... More of this article »
Boeing Loses Judgement On Tax Break
The World Trade Organization (WTO) has ruled that a tax break for Boeing (BA.N) from Washington state was a prohibited subsidy to the company. Washington state’s main business tax for aerospace was put into place in 2013, when... More of this article »
Black Friday Results Show Strength Of Online Shopping
A survey conducted by the National Retail Federation showed that online spending during the Black Friday weekend grew at the expense of store spending for a straight second year. There was a 4.2 percent rise in consumers who shopped... More of this article »
Upper Limit For Federally Backed Mortgages Set To Increase
The Federal Housing Finance Agency has announced that it will be raising the upper limit for conforming loans beginning in 2017. Starting next year, the limit on loans that qualify as conforming will rise to $424,100. The current limit... More of this article »
NHTSA Proposes New ‘Driver Mode’ For Smartphones
The National Highway Traffic Safety Administration (NHTSA) has turned its focus to reducing driver distraction from portable devices and other gear designed to be connected to your car. The agency has now published its first safety... More of this article »
U.S. Durable-Goods Orders Rise To Highest Of 2016
In October, U.S. durable-goods orders rose at their fastest pace in a year, according to the Commerce Department. Demand for the long-lasting manufactured goods rose 4.8 percent from a month earlier to a seasonally adjusted $239.4... More of this article »
Brexit Reduces UK Wealth By $1.5 Trillion To Date
Voting to leave the European Union has cost the UK greatly, according to the latest Global Wealth Report from the Credit Suisse Research Institute. According to the report, around $1.5 trillion (£1.2 trillion) in household wealth... More of this article »
Apple Announces Replacement Programs To Fix iPhone Issues
Apple (NASDAQ:AAPL) has launched a new official repair program to address the iPhone 6s’s unexpected shutdown issue. Over the weekend, the company confirmed that some customers were seeing their phones unceremoniously switch off.... More of this article »
Facebook Develops New Inbox Feature For Businesses
Facebook (NASDAQ:FB) is rolling out a new feature that allows businesses to manage their separate Facebook platforms from a single point. Soon, businesses using Facebook Pages will be able to link inboxes across Facebook, Messenger,... More of this article »
Twitter Tackles Harassment With A Better Mute Button
One of the biggest benefits of Twitter (NYSE:TWTR) is that it’s open to everyone and every opinion. This has allowed millions of people to bring attention to noteworthy causes and important issues that wouldn’t have reached such... More of this article »
Brent Crude Reaches Three-Month Low Amid Persistent Oil Glut Fears
Oil sank to a three-month low on indicators signaling the persistence of a global supply glut. Brent futures lost as much as 1.4 percent, falling to the lowest level since Aug. 11. Brent for January settlement fell as much as 61 cents... More of this article »
Siemens To Pay $4B For Mentor Graphics
Siemens AG (SIEGY) has announced reaching a deal to buy semiconductor-design software company Mentor Graphics Corp. (MENT) for $37.25 per share in cash, or roughly $4 billion. The complete deal values Mentor at about $4.5 billion,... More of this article »
Ireland To Appeal EU Ruling On Apple Back Taxes
Ireland is not excited at the news it should be receiving $14.4 billion in unexpected tax revenues. The country has indicated that it will appeal Apple Inc.’s (NASDAQ:AAPL) record tax clawback in the EU General Court in Luxembourg.... More of this article »
Taco Bell Announces U.S. Expansion Plans
Yum Brands Inc. (NYSE:YUM) subsidiary Taco Bell has announced an ambitious expansion plan for the United States over the next six years. Taco Bell plans to grow to a network of 9,000 U.S. locations and create 100,000 new jobs by 2022.... More of this article »
Herbalife Reports Earnings Decline And CEO Exit
Herbalife (NYSE:HLF) reported a 6.3 percent drop in third-quarter net income during its latest earnings announcement. Herbalife’s net income fell to $87.7 million, or $1.01 per share, in the third quarter, from $93.6 million, or... More of this article »
LinkedIn Tackles Salary Transparency With New Tool
LinkedIn (NYSE:LNKD) users can now compare their salaries to those of their professional peers using a new tool developed by the social network. LinkedIn Salary is a new portal and tracker to collect and analyze salaries globally.... More of this article »
Twitter Changes Coming After Slowdown In Revenue Growth
Twitter Inc. (NYSE:TWTR) reported a sharp slowdown in quarterly revenue growth for the third quarter of its fiscal year. Twitter reported third-quarter revenue of $616 million and non-GAAP earnings of 13 cents a share, beating estimates... More of this article »
Time Warner Worth $85.4B To AT&T
AT&T (NYSE:T) has bid $85.4 billion to purchase Time Warner (NYSE:TWX). Time Warner is getting $107.50 a share, with half of the deal in AT&T stock and half in cash. That is almost 40 percent more than investors thought the... More of this article »
September Rise In Consumer Prices Highest Since 2014
The cost of living in the U.S. rose 0.3 percent in September from the previous month, according to the Consumer Price Index. The results matched the median forecast of economists. The CPI is the broadest of the price gauges from the... More of this article »
Airlines Restrict Samsung Galaxy Note 7s Aboard Planes
Airlines and the federal government are beginning to restrict passengers from bringing Samsung’s Galaxy Note 7 smartphones aboard commercial aircraft. The new rules were created by the Pipeline and Hazardous Materials Safety Administration... More of this article »
Verizon May Change Terms Of Yahoo Deal After Breach
Verizon Communications Inc. (NYSE:VZ) recently agreed to purchase Yahoo Inc. (NASDAQ:YHOO) for $4.8 billion, but new disclosures about a massive security breach may lead to changes in the terms of the deal. Many merger agreements have... More of this article »
Twitter Sale In Jeopardy As Potential Bidders Flee
It appears that the planned sale of Twitter (NYSE:TWTR) may be in jeopardy. Twitter has been the subject of merger and acquisitions rumors for weeks. Twitter wanted any deliberations on a sale to conclude by the time it reported third-quarter... More of this article »
Yahoo Users Can No Longer Set Automatic Mail Forwarding
Yahoo (NASDAQ:YHOO) has turned off automatic email forwarding for Yahoo Mail users. Yahoo posted on its help pages that mail forwarding is currently under development. In a statement, Yahoo said, “Users can expect an update to... More of this article »
Duke Energy Divesting Its Brazilian Business
Duke Energy Corp. (NYSE:DUK) has announced plans to sell its Brazilian unit for about $1.2 billion, including debt, to clean energy company China Three Gorges Corp. Duke currently owns 2,090 megawatts (MW) of power generation facilities... More of this article »
PepsiCo Faces Lawsuit Over Naked Juice Claims
PepsiCo Inc. (NYSE:PEP) is facing a class action lawsuit from the Center for Science in the Public Interest (CSPI), a consumer advocacy group, over misleading marketing for Naked Juice products. The complaint was filed on Tuesday in... More of this article »
City in New Jersey Teams Up With Uber In Creative Parking Solution
Commuting is a big part of every day life in the United States, but while it may be one of the most defining characteristics of this time—providing benefits that the earliest generations did not have—commuting is also a major headache.... More of this article »