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United Airlines Incident Leads To Changes In Industry

United Airlines Incident Leads To Changes In Industry

A couple of weeks ago, the world watched horrified as a United Airlines passenger, battered and bloodied, was dragged off an aircraft in Chicago earlier this month. The resulting backlash put airlines’ longstanding policy... 
President Trump Proposes Massive Corporate Tax Cut

President Trump Proposes Massive Corporate Tax Cut

President Trump has signed three executive orders to spark reviews of tax and financial regulations so taxes on businesses and individuals can be cut. He has pledged that the tax cut in total would be the largest in U.S. history.... 
T-Mobile Posts Mixed Results For Q1

T-Mobile Posts Mixed Results For Q1

T-Mobile (NASDAQ:TMUS) reported mixed results for the first quarter of its fiscal year. The company had $9.55 billion in revenue in the period ended March 31, missing analyst expectations of $9.62 billion. Its net income was... 
Halliburton Q1 Results Top Expectations

Halliburton Q1 Results Top Expectations

Halliburton Co. (NYSE:HAL) reported slightly better-than-expected quarterly profit and revenue for the first quarter of its fiscal year, ended March 31. Over all, Halliburton reported a net loss of $32 million, or 4 cents a... 
Becton To Buy C.R. Bard For $24 Billion

Becton To Buy C.R. Bard For $24 Billion

Medical devices company Becton Dickinson & Co. (NYSE:BDX) has announced its intentions to purchase C.R. Bard Inc. (NYSE:BCR) for $24 billion. To fund the deal, Becton will use $1.7 billion of its cash, take on $10 billion... 
Jimmy Choo Looking For Buyers

Jimmy Choo Looking For Buyers

Luxury shoe brand Jimmy Choo (LON:CHOO) announced Monday that it was putting itself up for sale. Jimmy Choo became famous for its stiletto shoes and accessories and its fans have included the late Princess Diana and “Sex... 
Bebe Stores Is Latest Casualty Of Retail Downturn

Bebe Stores Is Latest Casualty Of Retail Downturn

California-based Bebe Stores (NASDAQ:BEBE) has become the latest company to join the string of liquidations and bankruptcies that has hit the retail industry. The women’s clothing retailer announced that it was shutting... 
ExxonMobil Requests Waiver From Russia Sanctions

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... 
Steve Ballmer Launches New ‘USAFacts’ Initiative

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... 
Bank Of America Reports Strong Profit Growth In Q1

Bank Of America Reports Strong Profit Growth In Q1

Bank of America Corp. (NYSE:BAC) beat profit expectations for the first quarter of its fiscal year. Net income jumped about 44 percent to $4.35 billion in the three months ended March 31. Earnings per share rose to 41 cents... 
Snapchat Introduces New ‘World Lenses’ Feature

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... 
NYC Takes On Uber Over Tipping Drivers

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... 
United Continental Beats Expectations For First Quarter

United Continental Beats Expectations For First Quarter

Despite the controversy swirling around United Airlines right now, its parent company United Continental Holdings Inc. (NYSE:UAL) beat first-quarter earnings expectations. Excluding special items, United posted earnings of 41... 
More Bad News Emerges For United Airlines

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... 
Google Accused Of Systemic Wage Discrimination

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... 
Barclays Issues Reprimand To CEO Over Actions Against Whistleblower

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... 
Wells Fargo Ordered To Rehire Whistle-blower And Pay Damages

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... 
Ralph Lauren Announces More Cost Cutting Measures

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... 
Charter Communications Merger Condition Overturned By FCC

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... 
Tesla Sets Delivery Record In First Quarter

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... 
Apple Announcement Sparks Imagination Tech Shares Plunge

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... 
BlackBerry Beats Estimates For Fourth Quarter

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,... 
Amazon Shutting Down Parent Of Diapers.com And Soap.com

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... 
Uber Ending Service In Denmark After Rules Change

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... 
Amazon Turns Focus To Middle East With Souq.com Deal

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... 
Amazon’s New Retail Plans Revealed

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... 
United Airlines Facing Outrage Over Leggings Incident

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... 
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... 
Sears Warning Sparks Fears Of Impending Bankruptcy

Sears Warning Sparks Fears Of Impending Bankruptcy

Sears Holdings Corp. (NASDAQ:SHLD) is facing an uncertain future. The company warned about its finances in an annual filing with the Securities and Exchange Commission, saying that “substantial doubt exists related to...