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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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
1,500 Walmart Back-office Workers To Lose Jobs
Roughly 1,500 Walmart workers that are employed in back office positions found out today that their jobs are being eliminated. Kory Lunberg, spokesman for Walmart Stores, Inc. (NASDAQ:WMT), said in a statement that the company is eliminating... More of this article »
Macy’s Workers Threaten To Strike At Midnight
Macy’s (NYSE:M) workers at four New York stores are threatening to begin a strike at midnight tonight if an agreement on a new contract is not reached by the deadline. The Retail, Wholesale and Department Store Union, which represents... More of this article »
Amazon Facing $350K Fine After Hazardous Chemical Leak
Amazon.com Inc. (AMZN.O) is facing a $350,000 civil fine from the U.S. Federal Aviation Administration for allegedly violating hazardous materials regulations. This would not be the first time that Amazon has been fined by the FAA... More of this article »
Obese Young Adults Need To Know About their Risk for Chronic Kidney Disease
It is no big secret—no pun intended—that obesity has become a major, growing problem in the United States. The reason this should be of such concern, however, is that obesity can lead to a handful of more complex and related diseases.... More of this article »
Alarming New Data Says Majority of Military Suicides Occur Pre-Deployment
Unfortunately, suicide remains a prevalent issue among US soldiers, even in today’s military. However, while many studies exist suggesting that the stresses and restrictions of military life can sometimes be too much, a new study... More of this article »
US Supreme Court Upends Conviction On Racial Discrimination Grounds
On Monday, the Supreme Court overturned the conviction and coinciding death sentence of an African-American man from Georgia under the determination that the prosecutors violated the Constitution by not including jurors of similar... More of this article »
Viacom Drama Gets Deeper With Altered Family Trust
Sumner M. Redstone recently decided to alter his trust, sparking a vicious battle over the future of his media empire, worth an estimated $40 billion. Philippe P. Dauman, the chairman and chief executive of Viacom (NASDAQ:VIA), Mr.... More of this article »
Amazon Unions Still Elusive For Labor Organizers
After years of efforts, labor organizers have still been unable to convince employees at Amazon (NASDAQ:AMZN) to vote to join a union. The lack of success is not for lack of trying. Amazon has successfully fended off U.S. labor unions... More of this article »
Pfizer And Anacor Pharmaceuticals Boards Vote Unanimously For Merger
In a joint statement, it was announced that Pfizer (NYSE: PFE) will acquire Anacor Pharmaceuticals (NASDAQ: ANAC) for $5.2 billion. Under the terms of the agreement, a subsidiary of Pfizer will acquire Anacor for $99.25 a share in... More of this article »
Say Goodbye To Time Warner Cable
Charter Communications officially acquired Time Warner Cable at a cost of $55.1 billion on Wednesday. Time Warner Cable shareholders are receiving a combination of Charter stock and cash in the deal, richly rewarding shareholders who... More of this article »
US Senate Passes Bill Allowing Terrorism Victims to Sue Saudi Arabia
The United States Senate has just unanimously adopted a bill proposal which would eventually allow Americans affected by terrorist attacks on US soil to sue the national-states involved with such attacks. And this has come despite... More of this article »
Researchers Say Genetically Engineered Crops Safe To Eat
A new study has emerged claiming that genetically engineered crops are safe for humans and animals to eat. The National Academies of Science released an exhaustive 388-page report on Tuesday that reviewed more than 900 studies and... More of this article »