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Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple are said to be working with Foxconn in an attempt to secure part of the semiconductor business of Toshiba, which is for sale. Hon Hai, known also as Foxconn, offered over 2 trillion yen equal to $18.2 billion for the... More of this article »
Camera Zooms In and Can Recognize Faces
Nest, the camera maker, has unveiled its Nest Cam IQ. The camera, at a price tag of just $299, is able to detect when someone walks, zooms in on that person and follows them for a clear shot. It can send an alert to a smartphone with... More of this article »
Netflix Could See 150 Million Worldwide Subscribers
By 2020, Netflix could be in 63% of the households in the U.S. and 17% of the remainder of the world, says one analyst. In 2011, Netflix had just 20 million streaming subscribers in the U.S. It is projected that this quarter it will... More of this article »
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco, the Chinese smartphone and television vendor has announced it will cut more than 300 of its jobs in the U.S. which represents nearly 75% of its U.S. workforce as the conglomerate streamlines its global operations following a... More of this article »
Shares at Radius Jump as Bone Drug of Amgen Has Setback
Late Sunday Amgen revealed that safety problems emerged in its clinical testing for an osteoporosis drug known as romosozumba (Evenity). The development will at a minimum delay the path of the drug to FDA approval, if not keep it from... More of this article »
Blackberry Returns as Stock Surges Following WannaCry
The former king of mobile, whose QWERTY keyboard handsets were at one time so popular with celebrities, traders and politicians that they were given the nickname CrackBerries, now outsources its namesake phones’ manufacturing. Blackberry... More of this article »
Flight Attendants Accuse Frontier Airlines of Not Allowing Breast Feeding
A pair of flight attendants has filed a discrimination complaint against air carrier Frontier Airlines after the two said the airline refused to allow them to breast feed while at work. A law firm and the American Civil Liberties Union... More of this article »
General Motors’ Maven Launches in New York City
General Motors launched its car sharing service known as Maven on Monday in New York. The new service allows members to rent several different GM vehicles for any reason they need from an errand of 30 minutes to a road trip of multiple... More of this article »
Hyundai and Kia Recall Ordered by South Korea Officials
South Korea officials have ordered Hyundai Motor and its affiliate Kia Motors to recall over 240,000 vehicles due to safety defects that a whistleblower had leaked. This is a bad mark against the automaker that will only increase reputation... More of this article »
Spirit Airlines Cancellations Cause Chaos in Airport
Upset passengers swarmed Spirit Airlines’ ticket counters with some starting what was described as a near riot at the Fort Lauderdale airport following the cancellation of 9 flights by Spirit Airlines. The airline blamed the cancellations... More of this article »
FDA Approves New Treatment for ALS
The U.S. Food and Drug Administration approved a new amyotrophic lateral sclerosis or ALS medication. The drug is Radicava and is the second drug to be given the green light by the FDA to treat ALS, also known as Lou Gehrig’s disease,... More of this article »
China’s C919 Completes Maiden Flight
China’s C919 passenger aircraft dogged by long delays has finally completed its maiden flight. A major step for the Beijing government as it attempts to increase its profile for global aviation and boost at-home high-tech manufacturing. Under... More of this article »
Valeant Pharmaceuticals Cuts Debt Following L’Oreal Deal
Valeant Pharmaceuticals International said that following its closing that was earlier than had been expected for the sale to L’Oreal of three skincare brands as well as the closing of its divestiture of a Brazil-based manufacturing... More of this article »
Revenue at Twitter Beats the Street, Monthly Users Increase
Twitter Inc.’s plan to turnaround the microblogging site may not take as long as first thought. The company posted a drop in revenue for the quarter for the first time since going public during 2013, but its sales of $548 million... More of this article »
McDonald’s Ordering Via Mobile Could Give Handsome Return
Mobile ordering will be available in late 2017 at McDonald’s and Wall Street is happy with the thought. Shares of McDonald’s reached a new all-time high last Friday and are up close to 10% during 2017. McDonald’s has been enjoying... More of this article »
Mattel CEO Promises Growth Following Sales Slump
Mattel posted a drop in sales for the first quarter that was more than was expected, as U.S. as well as some retailers in Europe were left with too much inventory following a holiday shopping season that was muted. New CEO Margo Georgiadis... More of this article »
Burberry Misses Estimates on Sales
Burberry Group Plc the luxury retailer based in the UK posted quarterly sales that missed estimates by analysts as a sales decline continues to accelerate in its Americas region and dropping revenue for Hong Kong showed how tough a... More of this article »
Snapchat: CEO Did Not Label India as Being Poor
Anger in India has boiled over amongst users of social media following allegations by an ex-employee that its Snapchat’s current CEO once called India a poor country that was not a priority for the popular app. Snapchat vehemently... More of this article »
Daily Mail to Pay Melania Trump $3 Million
The Daily Mail newspaper in the UK agreed to damages and costs to pay the U.S. first lady Melania Trump over an article it published about her career in modeling. The UK daily published allegations that the current first lady, at one... More of this article »
New York Approves Free College Tuition
New York has become the first U.S. state to make tuition free for students from middle class families at public colleges that are two- and four-year. In January, New York’s Governor Andrew Cuomo introduced his plan of tuition-free.... More of this article »
Obamacare Market in Iowa Hit Hard by Aetna
Another big hit was taken by the Affordable Care Act. Three days after the announcement by Wellmark Blue Cross and Blue Shield that it would not be selling new individual plans for health insurance in Iowa beginning in 2018, Aetna... More of this article »
Study: First Diagnosis Often Times is Incomplete or Wrong
When given a diagnosis by a doctor of a disease, it often is important to go and get another independent second opinion, shows a recent study published this week by the Mayo Clinic. Second opinions for medical diagnoses’ given at... More of this article »
Tesla Deliveries Set Record for One Quarter at 25,000
Tesla Inc., the U.S. electric car maker, announced on Sunday its vehicle deliveries for the first quarter had surged by 69% from the same period one year ago to set a record for one quarter of 25,000. Tesla said out of all the vehicles... More of this article »
Executive With Uber Invokes Fifth Amendment
An executive at Uber accused of stealing technology for driverless cars from Google his former employer is invoking his Fifth Amendment right to avoid incrimination, said his lawyers. Attorney representing Anthony Levandowski, the... More of this article »
FDA Gives Approval to New Powerful Eczema Drug
Regulators approved the first injected, powerful medicine to treat the most serious cases of eczema, a skin condition. On Tuesday, the U.S. Food and Drug Administration granted their approval of Dupixent or dupilumab for moderate to... More of this article »
Teen Girls Barred from United Airlines Flight for Wearing Leggings
Two teenagers who were dressed in leggings were not allowed to board a flight one United Airlines Sunday due to breaking the dress code the airline has for travelers with special passes, said a spokesperson for the airline. The two... More of this article »
Fuel Shortage in Venezuela Growing Worse
The state oil company in Venezuela was trying desperately to fill gasoline supplies in many neighborhoods in the capital of Caracas on Thursday as cars were lined up at gas stations amidst a shortage of fuel that is growing worse. While... More of this article »
FedEx Comes Up Short on Earnings
Facing much higher costs despite transporting millions of packages during this past holiday season, FedEx missed expectations on Wall Street Tuesday for the quarter just ended. The three-month period included the majority of the 2016... More of this article »
Brazil Looks to Calm Fears Over Export and Sale of Meat
Brazilian president Michel Temer, who is confronting a huge corruption scandal that is tarnishing the country’s lucrative meat industry, on Sunday met with executives as well as foreign diplomats in an attempt to assuage the health... More of this article »
Dollar General Increasing Pay, Lowering Price and Adding Perishable Goods
As its investors question if the footprint of Dollar General is becoming too large, the retailer must prove its new stores are not the only method of growing sales. To do that, the chain is doing things similar to Walmart. After another... More of this article »
Euronet Worldwide Tops Offer by Ant to Acquire MoneyGram
Euronet Worldwide Inc. the U.S. based electronic payments company launched a bid of $1 billion for MoneyGram International on Tuesday. Euronet argued that its deal involving two American companies would not face as much scrutiny from... More of this article »
Oil Prices Drop to Low of Three Months on Rig Count
Oil prices fell to a low of three months Monday despite efforts by OPEC to curb output of crude. The prices were pulled down in part due to U.S. drillers adding more rigs. Brent crude was off 11 cents equal to 0.21% to $51.26 a barrel... More of this article »
Shares of Staples Fall After Earnings Come Up Short
Office supplies retailer Staples saw its shares drop on Thursday after posting a continued drop in sales of its traditional supplies such as printer ink and paper helping drag the company to a loss during its most recently ended quarter. For... More of this article »
Trump Tweet Sends Pharmaceutical Stocks Tumbling
On Tuesday President Donald Trump reappeared in the debate over prices of drugs and sent pharmaceutical stocks plunging again thanks to a tweet that promised medication costs would be lowered for Americans. Trump tweeted that he was... More of this article »
Opel Sold by General Motors to PSA
General Motors has sold Opel to the PSA Group in a deal that values Opel at €2.2 billion or $2.3 billion, said the carmaker on Monday. The sale creates another regional giant in carmakers that will challenge Volkswagen the current... More of this article »
Snapchat Could Be Given Difficult Test by Asia Rival
The big rival to Snapchat in Asia could spell trouble. Snow is known for its popular animated face filter that is making this messaging app grow rapidly in popularity. Users across Asia, especially girls are in love with the pretty... More of this article »
Shares of Kite Pharma Flying High After Reaching Study Goal
On Tuesday, Kite Pharma Inc. announced that CAR an experimental T-cell therapy that helps the body’s immune system to fight cancer, was very effective in the treating of aggressive non-Hodgkin’s lymphoma, as it met the main goal... More of this article »
Tech Giant in Asia Not Planning to Please Trump
China’s largest maker of smartphones does not have any plans to follow other large tech companies in Asia by meeting with U.S. President Donald Trump and delivering promises of new jobs in the U.S. Richard Yu, the consumer business... More of this article »
China Becomes Germany’s Largest Trading Partner
In 2016, China for just the first time became the biggest trading partner of Germany. China overtook both the United States and France with the U.S. dropping to third place and France remaining in second indicated new data released... More of this article »
CEO at Uber Orders Sexual Harassment Investigation
Uber, the ride-hailing startup, has announced that it will open an investigation after one of its former employees made allegations to the public of sexism as well as harassment at the company. A former engineer, Susan Fowler, who... More of this article »
Household Debt Closing in on Levels of 2008
American households around the country are taking on more debt every day. Total debut for households increased at the end of last year to over $12.58 trillion. That represented an increase of more than $266 billion from the 2016 third... More of this article »
Pharmaceuticals Shunning Push by Trump for FDA Shift
President Donald Trump has vowed to roll back regulations imposed by the government by 75% or more and that has caused great anxiety amongst some executives with pharmaceutical companies. The worry is a less strict Food and Drug Administration... More of this article »
Top Official in Italy Says Facebook Must Act on Hate Speech
On Monday, the president of the lower house of parliament in Italy said Facebook needs to do more to end hate speech on the social media site. She warned that increasing abuse on a number of social media sites was driven by the increase... More of this article »
Reckitt Benckiser Paying $16.6 Billion for Mead Johnson
Reckitt Benckiser agreed to acquire Mead Johnson Nutrition, the maker of baby formula, based in the U.S. That takes the Britain-based consumer goods business into new territory and expands its presence across developing markets. Reckitt,... More of this article »
U.S. Company Leading Race to Buy Airbag Maker Takata
Takata is narrowing down a buyer from the United States to help it get through its huge recall crisis with airbags. The troubled firm, based in Japan, established an independent committee that recommended the takeover bid of Key Safety... More of this article »
U.S. Adds 227,000 New Jobs During January
The United States economy added over 227,000 new jobs during February, which was ahead of the gain in December of 157,000. The rate of unemployment moved up just slightly to 4.8%, as more people in the U.S. began looking for work,... More of this article »
Amazon Will Spend Nearly $1.5 Billion on Air Cargo Hub
Amazon’s new investment, which could help to create over 2,000 new jobs, is just example of the company’s ambition to grow in logistics and shipping. The largest e-retailer in the world is planning to build its first air cargo... More of this article »
Uber Fights Trump Immigration Order with Driver’s Legal Fund
Just hours after the co-founders of Lyft announced a donation of $1 billion to defend the Constitution to the American Civil Liberties Union, CEO Travis Kalanick at Uber opened his wallet as well. The Uber CEO promised via a post on... More of this article »