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Google Accused Of Systemic Wage Discrimination
Alphabet Inc.’s Google (NASDAQ:GOOG) is being accused of “systemic compensation disparities against women” by the Department of Labor. The Labor Department’s Regional Solicitor Janet Herold confirmed the agency has “received... More of this article »
Wells Fargo Ordered To Rehire Whistle-blower And Pay Damages
Wells Fargo & Co. (NYSE:WFC) has been ordered to reinstate a former bank manager fired after reporting suspected illegal behavior. The bank was also ordered to provide the whistle-blower with about $5.4 million in back pay, compensatory... More of this article »
Ralph Lauren Announces More Cost Cutting Measures
Ralph Lauren Corp. (NYSE:RL) has announced that it will carry out “a reduction in workforce” and eliminate some corporate operations in a bid to save money. The company did not say how many jobs would be lost, but last... More of this article »
Charter Communications Merger Condition Overturned By FCC
Charter Communications Inc. has won a reprieve from the U.S. Federal Communications Commission. The FCC has voted to eliminate a merger requirement that would have forced Charter to expand its network into territories served by other... More of this article »
BlackBerry Beats Estimates For Fourth Quarter
BlackBerry Ltd. (NASDAQ:BBRY) reported fourth quarter profit that beat expectations for the sixth straight quarter. The company’s net loss fell to $47 million or 10 cents per share, from $238 million or 45 cents per share, a... More of this article »
Amazon’s New Retail Plans Revealed
Amazon’s (NASDAQ:AMZN) brick-and-mortar retail plans could expand significantly with a number of ideas currently in the works. Amazon is exploring the possibility of new retail outlets in a wide variety of categories, including furniture,... More of this article »
United Airlines Facing Outrage Over Leggings Incident
United Continental Holdings, Inc.’s (NYSE:UAL) principal subsidiary United Airlines became the target of online outrage this weekend after an incident involving a pair of teen girls. United turned away two girls in their early teens... More of this article »
Wells Fargo Struggling With Decline In Business
Wells Fargo & Co. (NYSE:WFC) has seen steep declines in its business since a scandal involving fake accounts created in its retail unit erupted in September. The number of new checking accounts and credit card applications are... More of this article »
Two More Uber Executives Depart Company
Two prominent Uber executives have announced that they are leaving the company amid a spate of recent scandals. Since the beginning of 2017, Uber has seen non-stop controversies. Several weeks ago, Uber chief executive Travis Kalanick... More of this article »
Disney Reaches Settlement In Wage Violation Case
The Walt Disney Co. (NYSE:DIS) has agreed to pay $3.8 million in back wages to settle charges of violations of minimum wage, overtime and recordkeeping rules under the Fair Labor Standards Act. The Labor Department made the agreement... More of this article »
RadioShack Files For Bankruptcy A Second Time
Electronics retailer RadioShack has filed for bankruptcy for the second time in two years. The company filed a Chapter 11 reorganization petition in the U.S Bankruptcy Court in Delaware on Wednesday. In its bankruptcy filing, RadioShack... More of this article »
Abercrombie & Fitch Announces More Store Closures
Abercrombie & Fitch (NYSE:ANF) has announced that it will be closing 60 more U.S. stores this fiscal year. The closures follow the shuttering of 53 stores across the nation last year. The company has closed hundreds of stores... More of this article »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
Microsoft Workers Claim Job Caused PTSD
Two former Microsoft Corp. workers have sued the tech giant, claiming that their jobs were responsible for the development of post-traumatic stress disorder (PTSD) and auditory hallucinations. The complaint says that Microsoft was... More of this article »
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 »
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 »