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Nike Beats On Earnings, Misses On Revenue

Nike Beats On Earnings, Misses On Revenue

Nike Inc. (NYSE:NKE) has released its fiscal third-quarter results. The company managed to increase earnings, beating expectations for a year-over-year decline. Nike reported earnings per share of 68 cents, up from 55 cents... 
Ford Motor Lowers Forecast For First Quarter

Ford Motor Lowers Forecast For First Quarter

Ford Motor Co. (NYSE:F) has lowered its earnings forecast for the first quarter of fiscal year 2017. The company expects lower earnings per share and lower pretax profit due to higher spending and a drop in sales volumes. Ford... 
Two More Uber Executives Depart Company

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... 
Disney Scores Big With ‘Beauty And The Beast’ Remake

Disney Scores Big With ‘Beauty And The Beast’ Remake

Disney’s (NYSE:DIS) Beauty and the Beast has set a new box office record. Disney’s live-action remake of the beloved 1991 animated classic averaged $40,380 per location from 4,210 theaters on its opening weekend, reaching... 
Disney Reaches Settlement In Wage Violation Case

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... 
Tiffany Beats Expectations For Fourth Quarter

Tiffany Beats Expectations For Fourth Quarter

Tiffany & Co. (NYSE:TIF) reported fourth-quarter results that landed above market estimates. For the fourth quarter, Tiffany’s net earnings were $157.8 million or $1.26 per share. The company reported net earnings... 
Intel Acquiring Mobileye For Autonomous Driving Technology

Intel Acquiring Mobileye For Autonomous Driving Technology

Israeli autonomous-driving company Mobileye (NYSE: MBLY) is being acquired by Intel (NASDAQ: INTC) for $63.54 a share in cash, or roughly $15.3 billion. The offer represents at 34.5 percent premium on Mobileye’s $47.27... 
Alphabet’s Google Releasing Smart Jacket This Fall

Alphabet’s Google Releasing Smart Jacket This Fall

This fall, Alphabet Inc.’s (NASDAQ:GOOG) Google and Levi Strauss & Co. will release a smart jacket developed under the name Project Jacquard. The companies first announced their plans to work on connected garments nearly... 
Urban Outfitters’ Quarterly Results In Line With Estimates

Urban Outfitters’ Quarterly Results In Line With Estimates

Urban Outfitters Inc. (NASDAQ:URBN) posted its fourth quarter and financial year 2017 earnings Wednesday. Urban Outfitters reported sales of $1.03 billion for the quarter, up slightly from $1.01 billion last year. The results... 
RadioShack Files For Bankruptcy A Second Time

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,... 
Adidas Reports Strong Full Year Results

Adidas Reports Strong Full Year Results

Adidas (ADDYY) just reported very strong full-year earnings and guidance. Adidas reported that net profit surged 41 percent last year. Sales rose 14 percent globally to about €19.3 billion ($20.4 billion). Lifestyle products... 
Reports Emerge Of Layoffs At Disney’s ESPN

Reports Emerge Of Layoffs At Disney’s ESPN

Reports have emerged of another significant round of layoffs at Disney’s (NYSE:DIS) ESPN in the coming months. According to the reports, on-screen and radio talent are on the chopping block this time. The layoffs are expected... 
Abercrombie & Fitch Announces More Store Closures

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... 
Snap Inc. Launches IPO To Great Fanfare

Snap Inc. Launches IPO To Great Fanfare

Snap Inc. gets the ticker symbol “SNAP” on the New York Stock Exchange when it starts trading Thursday. Snap priced its initial public offering of 200 million shares at $17 each. The IPO values the Los Angeles company... 
Wells Fargo Expands Account Scandal Inquiry, Claws Back Compensation

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... 
McDonald’s Reveals Big Plans For The Future

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... 
Valeant Meets Guidance For Fourth Quarter

Valeant Meets Guidance For Fourth Quarter

Valeant Pharmaceuticals International Inc. (NYSE:VRX) reported fourth-quarter results that met the outlook provided in the third quarter. The company reported a net loss of $515 million, or $1.47 per share in the fourth quarter,... 
Sterling Jewelers Under Fire Over Sex Harassment Claims

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.... 
Mexico Axes Tariffs As Part Of NAFTA Negotiations

Mexico Axes Tariffs As Part Of NAFTA Negotiations

Mexican Economy Minister Ildefonso Guajardo has announced that his country will walk away from the NAFTA negotiations if the U.S. puts a tariff on products from Mexico. During the presidential campaign last year, then-candidate... 
Wal-Mart Seeks To Regain Pricing Advantage

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... 
HP Enterprise Reports Disappointing Q1 Results

HP Enterprise Reports Disappointing Q1 Results

Hewlett Packard Enterprise’s (NYSE:HPE) fiscal first-quarter results displayed the continuing struggles of the company. HPE said revenue for the quarter fell 10 percent from the same quarter the prior year, dropping to... 
Federal Directive Sends Private Prison Company Stocks Soaring

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... 
Macy’s Results Mixed For Fourth Quarter

Macy’s Results Mixed For Fourth Quarter

Macy’s (NYSE:M) delivered mixed results for the fourth quarter of its fiscal year. The company announced that its earnings for the quarter dropped nearly 13 percent from the same quarter a year ago. Macy’s earned $475... 
Wal-Mart Saw More Traffic During Holiday Season

Wal-Mart Saw More Traffic During Holiday Season

During the crucial holiday quarter, Wal-Mart’s (NYSE:WMT) low prices attracted more customers to its stores and website. U.S. store visits rose 1.4 percent during the fourth quarter ended on Jan. 31, compared with an increase... 
Amazon Increasing Its European Workforce By 30%

Amazon Increasing Its European Workforce By 30%

Amazon (NASDAQ:AMZN) has pledged to create 15,000 new full-time jobs across Europe by the end of 2017. Amazon said in its statement, “These employees will be working on global customer innovations like Alexa, Prime Air, Prime... 
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.,... 
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... 
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...