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OPEC Talks On Oil Output Freeze Expected Next Month
There is a good chance that OPEC will revive talks on freezing oil output levels when it meets non-OPEC nations next month. A previous attempt to freeze output at January levels collapsed in April. OPEC members will meet between Sept.... More of this article »
Sony Facing $70 Million Loss On Ghostbusters
Paul Feig’s Ghostbusters has had an underwhelming performance at the box office, resulting in a possible loss of $70 million for Sony (NYSE:SNE). The movie made the vast majority of its money in the first seventeen days. The... More of this article »
Delta Air Lines Upends Travelers’ Plans For Third Straight Day
Delta Air Lines Inc. (NYSE:DAL) is still suffering from the aftermath of its service outage on Monday, upending thousands of travelers’ plans for the third day in a row. After a power outage hit its computer systems, Delta lost... More of this article »
Free College Tuition Ideas Popular With Many Americans
Nearly two-thirds of Americans are in favor of free college tuition for students. According to a new survey conducted by Bankrate.com, 62 percent think tuition at public colleges and universities should be free for all students. About... More of this article »
Wal-Mart Takes On Amazon With Jet.com Acquisition
Wal-Mart Stores Inc. (NYSE:WMT) has entered into a definitive agreement to buy web retailer Jet.com Inc. in a bid to take on rival Amazon in the e-commerce industry. The deal, valued at $3.3 billion, is the largest-ever purchase of... More of this article »
Amazon Now 4th Most Valuable Company In U.S.
Amazon (NASDAQ:AMZN) has surpassed Exxon Mobil to become the fourth-biggest U.S. company by market capitalization. Since it reported better-than-expected results for the second quarter, the Seattle-based e-commerce company has risen... More of this article »
Microsoft Announces Nearly 3,000 Additional Layoffs
Microsoft (NASDAQ:MSFT) has announced that it is looking to eliminate nearly 3,000 jobs by the end of this fiscal year. The announcement was made in its annual report for the fiscal year ended in June 2016. The layoffs are targeted... More of this article »
Alphabet Beats Earnings Estimates, Shares Rise
Alphabet Inc. (NASDAQ:GOOG) reported quarterly earnings that beat analysts’ expectations on Thursday. The company posted earnings of $8.42 a share on $21.5 billion in revenue. According to Thomson Reuters, Wall Street analysts... More of this article »
Sony To Sell Battery Business
Sony Corp. (NYSE:SNE) has announced the sale of a portion of its battery business to Murata Manufacturing Co Ltd. It has signed a non-binding memorandum of understanding of its intent to negotiate the transfer of its battery business... More of this article »
McDonald’s Sales Slow From First Quarter
McDonald’s (NYSE:MCD) domestic sales grew just 1.8 percent in the latest quarter. The company has increased U.S. sales for four straight quarters. However, in the first quarter of the year, the company reported 5.4 percent growth.... More of this article »
Verizon Bid Wins Yahoo Internet Business
Verizon Communications (NYSE:VZ) announced on Monday that it had submitted the winning bid to buy Yahoo’s core internet business. Verizon is paying $4.83 billion in cash for the deal, which is expected to close in early 2017. On... More of this article »
General Motors Reports Record Profits For Second Quarter
General Motors Co. (NYSE:GM) reported record earnings of $2.87 billion in the second quarter of its fiscal year, more than doubling its profit year-over-year. The automaker said earnings per share were $1.81, higher than analysts’... More of this article »
Yahoo Disappoints With Second Quarter Earnings
Yahoo Inc. (NASDAQ:YHOO) reported quarterly earnings this week that fell short of Wall Street expectations. In the second quarter, Yahoo’s revenue was $1.31 billion, up from $1.24 billion in the same quarter a year ago. However,... More of this article »
Netflix Subscriber Growth Stalls In Second Quarter
Subscriber growth for the Netflix (NASDAQ:NFLX) streaming video service slowed significantly during the second quarter, disappointing Wall Street. Netflix added 1.7 million new streaming members in the three months that ended June... More of this article »
Viacom Executives Move To Protect Severance Pay
The top two executives at Viacom Inc (VIAB.O) have reserved their legal right to resign “with good reason” to protect millions of dollars in severance pay. The battle for control of Viacom has caused a rift between Sumner... More of this article »
Microsoft Stream Replacing Office 365 Video
Microsoft’s (NASDAQ:MSFT) existing Office 365 Video platform will be replaced by a new video platform called Microsoft Stream, according to an announcement made by the company on July 18. Microsoft said that Stream would become... More of this article »
Herbalife Reaches $200M Settlement With Regulators
Herbalife Ltd (NYSE:HLF) reached a $200 million settlement with regulators today to settle claims of operating as a pyramid scheme. Shares of Herbalife jumped more than 20 percent after the settlement was made public. Billionaire investor... More of this article »
Pokemon Go Popularity Surges In First Week
Pokemon Go has quickly become one of the most popular games in history. Niantic Inc. released Pokemon Go on July 6th. Within two days of its release, the game had been installed on more than 5 percent of Android phones in the United... More of this article »
Facebook, Twitter Now Platforms For Citizen News In Real Time
Formerly entertainment oriented websites such as Facebook (NASDAQ:FB) and Twitter (NYSE:TWTR) are now becoming platforms for citizen journalists to document the things going on in their communities. In the past two months, thousands... More of this article »
Amazon Prime Day Coming Back July 12
Amazon (NASDAQ:AMZN) has announced that it will be holding its second annual Prime Day on July 12 this year. The annual Black Friday-like sales event features hundreds of thousands of special discount offers exclusively for Amazon... More of this article »
Small Businesses Can Now Try Microsoft’s Skype For Free
Skype parent Microsoft (NASDAQ:MSFT) has announced that small businesses can now try out a free version of Skype. Skype is one of the most popular services for making calls and messaging. Skype Meetings, a new variant of the audio-... More of this article »
Delta Air Lines Leads Stock Selloff
Delta Air Lines Inc. (NYSE:DAL) is being blamed as the reason for a selloff in leading U.S. airline stocks after announcing a steeper than expected decline in a key revenue figure. The company reported that for the second quarter,... More of this article »
Airbnb Launches Lawsuit Over San Francisco Law
Airbnb is suing officials in San Francisco over a law that the company helped craft. The law, which took effect last February, allowed Airbnb to operate widely in the city despite concerns from affordable housing advocates. Advocates... More of this article »
Google Launches New Education Apps And Services
This morning at the ISTE conference, Google (NASDAQ:GOOG) unveiled a series of products and tools aimed at the education sector. Google’s Chromebooks have become the go to computer system for educational purposes in the United States... More of this article »
Congress Takes On Cable Companies For Overcharging
Some of the top members of Congress are calling out the cable and satellite TV industries after the publication of a blistering new report finding that tens of thousands of Americans are being overcharged for their service by these... More of this article »
FAA Drone Rules Released To The Public
The Federal Aviation Administration has released new rules to the public governing the use of drones in the sky. The FAA’s 624-page rulebook marks the first attempt by the agency to regulate the use of the craft and ensure the... More of this article »
Champion Cleveland Cavaliers To Return Home As Heroes
The NBA Championship winning Cleveland Cavaliers will return home as heroes to thousands after their historic victory over the Golden State Warriors in Game 7 of the NBA Finals. The Cavs defeated the Warriors, 93-89, ending the city’s... More of this article »
Aetna-Humana Merger Clears Big Hurdle
The director of the California Department of Managed Health Care announced approval for Aetna Inc.’s (NYSE:AET) planned $37 billion takeover of Humana Inc. (NYSE:HUM) on Monday. In a statement, Director Shelley Rouillard said... More of this article »