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ExxonMobil Requests Waiver From Russia Sanctions
ExxonMobil (NYSE:XOM) has asked the U.S. Treasury Department for permission to bypass sanctions on Russia. A waiver would allow Exxon to resume its joint venture with Russian oil giant Rosneft. The financial incentives for Exxon are... More of this article »
Tesla Sued By Customers Over Autopilot Issues
Owners of vehicles made by Tesla Inc. (NASDAQ:TSLA) are suing the company over issues with its autopilot software. Three Tesla owners says the company knowingly sold them vehicles with “Enhanced Autopilot” driving technology that... More of this article »
Steve Ballmer Launches New ‘USAFacts’ Initiative
A new effort by former Microsoft chief executive Steve Ballmer will bring a business-minded eye to the U.S. government. Ballmer has funded a project, dubbed USAFacts, to compile where every cent of government money is raised and spent... More of this article »
Snapchat Introduces New ‘World Lenses’ Feature
Snap Inc. (NYSE:SNAP), the company behind Snapchat, just launched a major update that brings its highly anticipated “World Lenses” feature to the masses. The technology is similar to the augmented reality (AR) used with Nintendo’s... More of this article »
NYC Takes On Uber Over Tipping Drivers
New York City is reportedly planning to write a rule that would require Uber to offer an in-app tipping option. On Monday, regulators with the Taxi and Limousine Commission in New York City said they plan to begin the process of writing... More of this article »
More Bad News Emerges For United Airlines
The bad publicity just keeps coming for United Airlines and its parent company United Continental Holdings Inc. (NYSE:UAL). On Thursday, the airline confirmed that a scorpion stung one of their passengers during one of their flights.... More of this article »
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 »
Barclays Issues Reprimand To CEO Over Actions Against Whistleblower
Barclays (NYSE:BCS) Chief Executive Jes Staley has been reprimanded by the firm’s board for attempting to uncover a whistleblower’s identity. Barclays grants whistleblowers anonymity to prevent any retribution for their actions.... 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 »
Tesla Sets Delivery Record In First Quarter
Tesla Inc. (NASDAQ:TSLA) set a record for deliveries and production in the first quarter of its fiscal year. Global deliveries were 69 percent better than in the first quarter of 2016, the company said. The electric car maker shipped... More of this article »
Apple Announcement Sparks Imagination Tech Shares Plunge
Apple (NASDAQ:AAPL) has announced that it will stop using graphics technology from British firm Imagination Tech (NASDAQ:MIPS) in its iPhones, iPads and Apple Watches in the near future. The announcement came as terrible news for the... 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 Shutting Down Parent Of Diapers.com And Soap.com
Amazon (NASDAQ:AMZN) has decided to close the unprofitable Quidsi after purchasing the company six years ago. Quidsi is the parent company of Diapers.com, Soap.com, Wag.com, BeautyBar.com, Yoyo.com, and Casa.com. A spokesperson for... More of this article »
Uber Ending Service In Denmark After Rules Change
Uber has announced that it will be ending service in Denmark. The company cited “unworkable” changes to local taxi rules for its decision to pull out of the country. Uber said in a statement that it would shut down its services... More of this article »
Amazon Turns Focus To Middle East With Souq.com Deal
Amazon (NASDAQ:AMZN) has made a deal to acquire Souq.com, the largest online marketplace site in the Middle East. Amazon will buy 100 percent of the Middle East online retailer, executives from both firms said. The value and terms... 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 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 a spectacular... 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 »
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 stock... More of this article »
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 two... 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 »
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 to... 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 »