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Auto Loans Reach Highest Delinquency Rates In 8 Years

Auto Loans Reach Highest Delinquency Rates In 8 Years

More Americans fell behind on their car loan payments in the fourth quarter, according to data released by the Federal Reserve Bank of New York on Thursday. Newly delinquent auto loans are at an eight-year peak in the U.S., bringing... 
Campbell Soup Disappoints With Q2 Results

Campbell Soup Disappoints With Q2 Results

Campbell Soup Co. (NYSE:CPB) posted disappointing quarterly sales for its fiscal second quarter on Friday. Total sales fell 1 percent to $2.17 billion, lower than Wall Street’s projection of $2.22 billion. Net income attributable... 
Verizon-Yahoo Deal Renegotiation Results In Reduced Price

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... 
Walmart Announces Acquisition Of Moosejaw

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... 
Yahoo Notifying Users Of Potential Unauthorized Account Access

Yahoo Notifying Users Of Potential Unauthorized Account Access

Yahoo! Inc. (NASDAQ:YHOO) is notifying people that they may have been affected by an attack in which an intruder created forged cookies that would have granted access to accounts without the need for a password. The incidents are part... 
Unlimited Data Plans Return To Verizon

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... 
Ford Announces $1B Investment In AI Tech

Ford Announces $1B Investment In AI Tech

Ford Motor Co. (NYSE:F) will invest $1 billion in an artificial intelligence company as part of its efforts to develop self-driving cars by 2021. The $1 billion investment is consistent with the autonomous vehicle capital allocation... 
Intel Announces $7B Investment In Arizona Factory

Intel Announces $7B Investment In Arizona Factory

Intel’s (NASDAQ:INTC) chief executive Brian Krzanich announced Wednesday that the company will invest $7 billion to build a factory in Arizona. Krzanich made the announcement while standing beside President Trump in the Oval Office... 
General Motors Posts Several Records For FY2016

General Motors Posts Several Records For FY2016

General Motors Co. (NYSE:GM) posted several yearly records for fiscal year 2016, the company announced on Tuesday. The company posted record earnings per share of $6 for the year, revenue of $166.4 billion and North American adjusted... 
Amazon Reveals Plans For Air Cargo Hub In Kentucky

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... 
Facebook Reports Strong Results For Fourth Quarter

Facebook Reports Strong Results For Fourth Quarter

Facebook Inc. (NASDAQ:FB) reported strong results for the fourth quarter of fiscal year 2016. Revenue was up 51 percent year over year as the company reported earning $8.81 billion in revenue in the quarter, reaching earnings per share... 
Shell Announces Sale Of Oil Fields

Shell Announces Sale Of Oil Fields

Royal Dutch Shell Plc (NYSE:RDS.A) has announced that it will be selling of some of its fields in the North Sea to Chrysaor Holdings Ltd. for about $4 billion. Shell has also inked a deal to sell its stake in an offshore Thai gas field... 
Under Armour Disappoints With Fourth Quarter Results

Under Armour Disappoints With Fourth Quarter Results

Shares of Under Armour (NYSE:UAA) dropped 25 percent in pre-market trading Tuesday after the company reported disappointing results for the fourth quarter of its fiscal year. In the fourth quarter, net income fell to $104.9 million,... 
Advertisers Paying More For Super Bowl Ads, Marketing

Advertisers Paying More For Super Bowl Ads, Marketing

Advertisers are paying more to air Super Bowl ads this year, as well as more to market the ads before the big day. The average price of a Super Bowl ad has more than doubled over the past 10 years. According to figures from Kantar... 
Twitter Reveals Details Of FBI Letters For First Time

Twitter Reveals Details Of FBI Letters For First Time

Twitter (NYSE:TWTR) recently posted information online about two national security letters it received from the Federal Bureau of Investigation that are no longer restricted by a gag order. The letters to Twitter were sent in September... 
Alphabet Releases Fourth Quarter Results

Alphabet Releases Fourth Quarter Results

Internet search giant Alphabet (NASDAQ:GOOG) released fourth-quarter 2016 results on Thursday that came in well ahead of revenue estimates. The company reported that quarterly revenue increased 22.2 percent year over year, rising to... 
Verizon Beats Expectations For Income, Revenue

Verizon Beats Expectations For Income, Revenue

Verizon (NYSE:VZ) has managed to beat analysts’ expectations for the fourth quarter of its fiscal year. The company reported fourth-quarter net income fell 16 percent year-over-year to $4.6 billion, surpassing analysts’ expectations... 
Oil Pipeline Plans Revived By Executive Order

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... 
Twitter Announces Online Vine Archive

Twitter Announces Online Vine Archive

Twitter (NYSE:TWTR) has launched an online archive of Vine videos containing all the posts made from 2013 through 2016. The company is launching the archive on the old Vine website at Vine.co. Twitter said “the Vine archive is a... 
Judge Puts Aetna-Humana Merger In Jeopardy

Judge Puts Aetna-Humana Merger In Jeopardy

A federal judge has put the proposed $34-billion merger of Aetna Inc. (NYSE:AET) and Humana Inc. (NYSE:HUM) in jeopardy by blocking the transaction on antitrust grounds. U.S. District Judge John Bates, serving in the District of Columbia,... 
Apple Files Suit Against Qualcomm In California

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... 
Tesla Rolling Out Updated Autopilot Software

Tesla Rolling Out Updated Autopilot Software

Tesla Motors (NASDAQ:TSLA) has announced that it is rolling out its Autopilot software to Model S and Model X cars built since October, which are equipped with second-generation Autopilot hardware. Tesla has been preparing the software... 
IBM Reports Rise In Income, Drop In Revenue

IBM Reports Rise In Income, Drop In Revenue

International Business Machines Corp. (NYSE:IBM) reported higher net income and lower revenue than last year in its fourth quarter earnings call. The company’s net income rose 4 percent to $4.50 billion, or $4.72 per share, in... 
American Express Misses Profit Estimates

American Express Misses Profit Estimates

American Express Co. (NYSE:AXP) posted a lower-than-expected quarterly profit for the fourth quarter of its fiscal year. The company reported that its fourth-quarter profit fell 8.2 percent. Net income declined to $825 million, or... 
Facebook Testing Fake News Filtering In Germany

Facebook Testing Fake News Filtering In Germany

Facebook (NASDAQ:FB) has announced that it will begin testing its fake news filtering system in Germany. The company said it began testing a similar filter that would allow users to report fake news in the United States last month.... 
Breakthrough In Battery Development May Prevent Fires

Breakthrough In Battery Development May Prevent Fires

Stanford University researchers say that they have successfully created a lithium-ion battery with built-in flame suppression. The researchers claim that the flame retardant can extinguish any flames caused by the overheated battery... 
The Andersons Announce Last Days For Stores

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... 
Microsoft Workers Claim Job Caused PTSD

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... 
Boeing Makes $22B Deal With SpiceJet

Boeing Makes $22B Deal With SpiceJet

Boeing (NYSE:BA) has inked a $22 billion deal with Indian budget carrier SpiceJet to sell the company 155 airplanes. The deal renegotiates old orders for 55 planes and includes options for 50 more, including wide-body aircraft. SpiceJet’s... 
Amazon To Create 100,000 U.S. Jobs By Mid-2018

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...