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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... 
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... 
Supreme Court Debates Public School Responsibilities To Disabled Students

Supreme Court Debates Public School Responsibilities To Disabled Students

The U.S. Supreme Court heard arguments on Wednesday on whether federal law requires public schools to provide more than the bare minimum in special services for children with disabilities. The lower courts have disagreed about what... 
McDonald’s Agrees To Sell Most Of China, Hong Kong Business

McDonald’s Agrees To Sell Most Of China, Hong Kong Business

McDonald’s Corp. (NYSE:MCD) has agreed to sell the bulk of its China and Hong Kong business for up to $2.1 billion in a 20-year deal. The deal will form a new company that will link McDonalds with Chinese company CITIC Limited,... 
Another Volkswagen Employee Arrested Over Emissions Scandal

Another Volkswagen Employee Arrested Over Emissions Scandal

Another employee of Volkswagen has been arrested by the Federal Bureau of Investigation in connection with the company’s emissions-cheating scandal. Former general manager of the engineering and environmental office for VW of... 
Investor Lawsuit Against Volkswagen Going Forward

Investor Lawsuit Against Volkswagen Going Forward

A lawsuit filed in the U.S. by investors seeking damages in the aftermath of Volkswagen AG’s emissions-cheating scandal can go forward, a U.S. court has ruled. Holders of Volkswagen’s American depositary receipts (ADRs), which... 
Snap Inc. Performance Questioned Ahead Of IPO

Snap Inc. Performance Questioned Ahead Of IPO

A former Snap Inc. employee has filed a lawsuit claiming that the company hasn’t been honest about its pre-IPO performance metrics. The suit was filed with the L.A. County Superior Court. The filer of the lawsuit, Anthony Pompliano,... 
Sears Announces More Store Closures

Sears Announces More Store Closures

Sears (NASDAQ:SHLD) is reportedly exercising its right to terminate the leases on 19 unprofitable stores. The closures were announced in an SEC filing by Seritage Growth Properties, the real estate investment trust spun off from the... 
Credit Bureaus Fined For False Advertising On Credit Scores

Credit Bureaus Fined For False Advertising On Credit Scores

The Consumer Financial Protection Bureau (CFPB) has ordered TransUnion and Equifax, two of the biggest credit bureaus, to pay a multi-million dollar fine for deceiving consumers about the usefulness and cost of credit scores they bought.... 
New McDonald’s Opens Near Vatican Amid Controversy

New McDonald’s Opens Near Vatican Amid Controversy

Last week, a new McDonald’s (NYSE:MCD) opened just outside Vatican City, 100 yards from the holy state, home of the Pope. The restaurant is located in the Roman district of Borgo, at the corner of Borgo Pio and Via del Mascherino.... 
Hyundai & Kia Optimistic For 2017

Hyundai & Kia Optimistic For 2017

South Korea’s largest automakers Hyundai Motor Co. and its affiliate Kia Motors Corp. have expressed optimism for the coming year, with both saying that they plan to expand production and increase sales. The companies forecast that... 
Walmart Slapped With Trademark Infringement Suit By Run-DMC

Walmart Slapped With Trademark Infringement Suit By Run-DMC

Walmart (NYSE:WMT) has been hit with a multi-million lawsuit by rap group Run-DMC for selling products that traded on the group’s name and logo without permission. Darryl “DMC” McDaniels, a founder of the group and... 
Sears Secures $200M In Credit From CEO’s Firm

Sears Secures $200M In Credit From CEO’s Firm

Sears Holdings Corp. (NASDAQ:SHLD) has secured a $200 million standby letter of credit backed by the hedge fund managed by Sears’ chief executive officer Eddie Lampert. The loan is being provided by JPP, LLC and JPP II, LLC, which... 
Kate Spade & Co. Planning For Sale

Kate Spade & Co. Planning For Sale

Handbag maker Kate Spade & Co. (NYSE:KATE) is planning to explore a formal sale of the company. The retailer is reportedly working with financial advisers on sale preparations, according to a person familiar with the situation.... 
Apple Wins Holiday Season Smartphone Sales

Apple Wins Holiday Season Smartphone Sales

Apple (NASDAQ:AAPL) has dominated holiday season smartphone sales once again. Flurry Analytics estimates that the company captured 44 percent of device activations during the Dec. 19 to Dec. 25 period. Samsung followed at 21 percent,... 
Many Favorite Disney Movies Are Coming To Hulu

Many Favorite Disney Movies Are Coming To Hulu

Hulu has announced reaching a multi-year licensing agreement with Disney (NYSE:DIS) that will bring family favorites like Mulan, Pocahontas, and The Nightmare Before Christmas to the service. The deal gives the service exclusive subscription... 
Boeing Contract With Iran Worth Half Of Stated Amount

Boeing Contract With Iran Worth Half Of Stated Amount

Iran has announced that it has negotiated a great discount on its contract with Boeing Co. (NYSE: BA), agreeing to pay roughly half the listed amount for the aircraft ordered. Iran Air has a contract with Boeing to purchase 80 new... 
Facebook Under Fire In Europe Over Whatsapp Deal

Facebook Under Fire In Europe Over Whatsapp Deal

Facebook (NASDAQ:FB) is facing accusations in Europe that it misled regulators to receive regulatory approval for its $19 billion purchase of internet messaging service WhatsApp. Margrethe Vestager, Europe’s competition chief, said... 
General Mills Shares Drop After Sales, Profit Misses

General Mills Shares Drop After Sales, Profit Misses

General Mills (NYSE:GIS) has reported that its fiscal second quarter net income fell 9 percent when compared to the same quarter a year ago, falling to $2.52 billion. For the quarter, which ended Nov. 27, General Mills reported a profit... 
Delta And Alaska Airlines Ending Partnership

Delta And Alaska Airlines Ending Partnership

Delta Air Lines (NYSE:DAL) and Alaska Airlines (NYSE:ALK) have confirmed that they will officially terminate their frequent-flier and codeshare partnerships at the end of April. In nearly simultaneous announcements, the two airlines... 
Germany Takes On Facebook And Fake News

Germany Takes On Facebook And Fake News

Facebook’s (NASDAQ:FB) “fake news” problem may be about to cost the company a lot of money in fines. German politicians are considering a law that would fine the company €500,000 ($519,525) for each false news post... 
Apple Takes On EU In $14B Court Fight

Apple Takes On EU In $14B Court Fight

Tech giant Apple (NASDAQ:AAPL) is gearing up to battle the European Commission in court over a $14 billion tax charge. This week, the company is reportedly launching a legal challenge over a ruling that found it owed roughly that much... 
Want McDonald’s Delivered? Soon, You Can In Florida

Want McDonald’s Delivered? Soon, You Can In Florida

McDonald’s Corp. (NYSE:MCD) has announced that it is partnering with UberEATS to provide delivery services for nearly 200 of its restaurants in Florida. Customers in Miami, Orlando, and Tampa will be able to have McDonald’s delivered... 
Amazon Reportedly Developing App For Truck Shipments

Amazon Reportedly Developing App For Truck Shipments

Reports have emerged that Amazon (NASDAQ:AMZN) is building an app that would connect truckers with shippers in need of truckers in an “Uber-like” way. Several job postings by the company appear to confirm this. A job posting for... 
American Airlines Fined $1.6M Over Tarmac Delays

American Airlines Fined $1.6M Over Tarmac Delays

The U.S. Transportation Department has fined American Airlines (NASDAQ:AAL) $1.6 million for violating a rule that prohibits long tarmac delays. American Airlines reportedly broke the DOT’s tarmac delay rule 27 times in 2013... 
Yahoo Announces Another Massive Security Breach

Yahoo Announces Another Massive Security Breach

Yahoo (NASDAQ:YHOO) has broken its own embarrassing record for the biggest security breach in history. Now, the company is saying that a 3-year-old security breach enabled a hacker to compromise more than 1 billion user accounts. Nearly... 
Obama Administration Blocks Raytheon Sale To Saudi Arabia

Obama Administration Blocks Raytheon Sale To Saudi Arabia

The White House has decided to limit arms sales to Saudi Arabia, directly targeting a sale by Raytheon Co. (NYSE:RTN). The administration has made the decision to block the sale of about 16,000 guided munitions kits by Raytheon to... 
Wells Fargo Sanctioned Again By Federal Regulators

Wells Fargo Sanctioned Again By Federal Regulators

Wells Fargo & Co. (NYSE:WFC) has been slapped with new sanctions by the Federal Reserve and Federal Deposit Insurance Corp. after failing to devise an adequate blueprint for how it would go through bankruptcy during a period of... 
Viacom Merger With CBS Now Unlikely

Viacom Merger With CBS Now Unlikely

The anticipated merger of CBS Corp. (NYSE:CBS) and Viacom (NASDAQ:VIA) now looks like it’s not going to happen. National Amusements has withdrawn its proposal for the two companies to explore a merger. National Amusements controls... 
Sears Holdings Reports More Losses For Third Quarter

Sears Holdings Reports More Losses For Third Quarter

Sears Holdings (NASDAQ:SHLD), operator of Sears and Kmart stores, reported another dismal quarter for the third quarter of its fiscal year. The retailer posted a loss of $748 million in the latest quarter, the company’s 20th consecutive...