YouTube TV Quickly Expanding Across The Nation

Posted by Eileen French on Aug 20th, 2017 // No Comments

Google’s live TV streaming service YouTube TV has expanded its reach to 14 more US cities, now reaching about half of the households in America. YouTube TV says it will add 17 more markets including Denver, Cleveland and...

Union Pacific Announces 750 Layoffs In The U.S.

Posted by Eileen French on Aug 17th, 2017 // No Comments

Union Pacific Corp. (NYSE:UNP) has announced that it will cut 750 jobs from its United States workforce by mid-September. Union Pacific is the nation’s second-largest freight railroad, trailing only western freight train rival...

Facebook Announces Marketplace Launch In 17 European Countries

Posted by Eileen French on Aug 15th, 2017 // No Comments

Facebook Inc. (NASDAQ:FB) is expanding its Marketplace service to 17 new European markets. The service is being rolled out to Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Hungary, Ireland, Italy,...

Amazon Exploring New Food Technology To Eliminate Refrigeration Needs

Posted by Eileen French on Aug 12th, 2017 // No Comments

Amazon.com Inc. (NASDAQ:AMZN) is exploring ways to produce tasty prepared meals that do not need refrigeration. The cutting-edge food technology would be a major step forward for the company. The dishes could be offered quite...

Facebook Rolling Out New Video Streaming Feature

Posted by Eileen French on Aug 10th, 2017 // No Comments

Facebook is adding a new “Watch” tab for video streaming to its platform. The Watch tab will feature personalized recommendations of live and recorded shows to watch. Users with access will see a TV-shaped Watch button in...

Tesla Turns To Junk Bonds To Raise Money

Posted by Eileen French on Aug 7th, 2017 // No Comments

Tesla Inc. (NASDAQ:TSLA) is seeking to raise about $1.5 billion through its first-ever offering of junk bonds. Junk bonds are lower-quality investments that offer higher yields. Tesla Chief Executive Elon Musk is betting that...

Martin Shkreli Found Guilty On Securities Fraud Counts

Posted by Eileen French on Aug 5th, 2017 // No Comments

“Pharma bro” Martin Shkreli has been found guilty of three counts of securities fraud. A federal jury acquitted him of five other criminal counts. Shkreli first came to the public’s attention in 2015 when he raised...

Apple Announces Results For Q3

Posted by Eileen French on Aug 2nd, 2017 // No Comments

Apple Inc. (NASDAQ:AAPL) announced financial results for its fiscal 2017 third quarter ended July 1, 2017 Wednesday. The firm posted strong results and boosted its revenue outlook for the fiscal year. Revenue was up 7 percent...

Discovery Communications Announces Acquisition Of Scripps Networks

Posted by Eileen French on Jul 31st, 2017 // No Comments

Discovery Communications Inc. (NASDAQ:DISCA) has announced that it has reached a deal to buy Scripps Networks Interactive Inc. (NASDAQ:SNI) for $11.9 billion. The deal calls for Scripps shareholders to receive $90 a share, a...

U.S. Treasury Ends myRA Program

Posted by Eileen French on Jul 28th, 2017 // No Comments

The Treasury Department has decided to close a starter retirement program known as myRA, citing low demand. In a statement, Jovita Carranza, the United States treasurer, said that demand for the accounts was not high enough...

New Apple Mac Spyware Detected

Posted by Eileen French on Jul 26th, 2017 // No Comments

A new variant of the Fruitfly malware has been found on hundreds of Apple Macs. The malware has been infecting Macs for at least five years while remaining undetected by both macOS and commercial antivirus products. The malware...

Alphabet Beats Earnings And Revenue Estimates

Posted by Eileen French on Jul 24th, 2017 // No Comments

Alphabet Inc. (NASDAQ:GOOG) has beat analysts’ expectations for quarterly revenue and earnings for its latest quarter. The company reported that revenue rose about 21 percent to $26.01 billion in the second quarter ended on...

Regulators Shut Down Top Online Black Markets

Posted by Eileen French on Jul 22nd, 2017 // No Comments

American and European authorities have shut down two of the largest online black markets, AlphaBay and Hansa Market. The AlphaBay takedown involved officials from six countries and Europol, led by American authorities. Dutch...

Owner Puts Houston Rockets Up For Sale

Posted by Eileen French on Jul 17th, 2017 // No Comments

Change is coming to Houston’s basketball scene after more than two decades of stability. After 24 years of ownership, Leslie Alexander is putting the Houston Rockets up for sale. Rockets CEO Tad Brown made the announcement...

Amazon Prime Day 2017 Shatters Records

Posted by Eileen French on Jul 14th, 2017 // No Comments

Amazon’s (NASDAQ:AMZN) Prime Day 2017 broke the e-commerce company’s single-day sales record for the second year in a row. Amazon said overall sales grew 60 percent from a year earlier. Amazon also reported that more...

Faraday Future Ends Plant Construction In Nevada

Posted by Eileen French on Jul 12th, 2017 // No Comments

Silicon Valley startup Faraday Future has canceled its plans to build a $1 billion factory in Nevada. Stefan Krause, Faraday’s chief financial officer, announced in a statement, “We have decided to put a hold on our factory...

Hackers Target Power Plants Across America

Posted by Eileen French on Jul 9th, 2017 // No Comments

Hackers believed to be working for a foreign government recently breached at least a dozen U.S. power plants. The Department of Homeland Security and Federal Bureau of Investigation said they are aware of a potential intrusion...

France To End Sales Of Gas And Diesel Vehicles

Posted by Eileen French on Jul 7th, 2017 // No Comments

France has announced that it aims to end the sale of gasoline and diesel cars in the country by 2040. The announcement was made by Nicolas Hulot, the French environment minister. Mr. Hulot said that the government would make...

Judge Dismisses Facebook Tracking Lawsuit

Posted by Eileen French on Jul 6th, 2017 // No Comments

A U.S. judge has dismissed a lawsuit against Facebook (NASDAQ:FB) brought over its tracking of users of its social network. The lawsuit revolved around the way Facebook tracks people when they are logged out of the site. The...

New Law Proposed To Help FDA Police Personal Care Products

Posted by Eileen French on Jul 2nd, 2017 // No Comments

New laws could provide the Food and Drug Administration (FDA) with better tools to respond to bad personal care products. The proposed Personal Care Products Safety Act (PCPSA), introduced by Democratic Senator Dianne Feinstein...

Sprint Seeking Deal With Charter Communications And Comcast

Posted by Eileen French on Jun 29th, 2017 // No Comments

Reports have emerged that Sprint Corp. (NYSE:S) is in talks with Charter Communications Inc. and Comcast Corp. (NASDAQ:CMCSA) about a partnership. According to reports, Sprint will put its merger talks with T-Mobile US Inc....

Syngenta Ordered To Pay $218M In GMO Suit

Posted by Eileen French on Jun 27th, 2017 // No Comments

Farmers who sued Swiss agribusiness giant Syngenta (NYSE:SYT) over its genetically engineered corn seed variety were awarded nearly $218 million by a federal jury in Kansas. The case involved four Kansas farmers representing...

Sears Canada Announces Store Closures, Job Cuts

Posted by Eileen French on Jun 24th, 2017 // No Comments

Sears Canada Inc. (NASDAQ:SRSC) has sought court protection from its creditors so it can eliminate nearly 3,000 jobs and close 59 stores. The company secured protection from Ontario Superior Court under the Companies’ Creditors...

Uber Offers New Tipping Option On App

Posted by Eileen French on Jun 22nd, 2017 // No Comments

Some Uber passengers can now tip their U.S. drivers with a tap on the ride-hailing app. The new tipping option will first be available in Seattle, Houston and Minneapolis. Uber plans to roll out the feature in all U.S. cities...

DraftKings, FanDuel Merger Facing Challenge by FTC

Posted by Eileen French on Jun 20th, 2017 // No Comments

Federal and state officials have moved to block the fantasy sports merger between DraftKings Inc. and FanDuel. The Federal Trade Commission, joined by the attorneys general of California and the District of Columbia, intends...

Verizon’s Acquisition Of Yahoo Completed

Posted by Eileen French on Jun 15th, 2017 // No Comments

Verizon (NYSE:VZ) has officially completed its deal to acquire Yahoo’s Internet assets. The deal’s close comes nearly a year after the acquisition was first announced. Verizon paid $4.48 billion for the assets. The...

German Grocer Aldi Announces U.S. Expansion Plans

Posted by Eileen French on Jun 13th, 2017 // No Comments

German grocery chain Aldi stated that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022 in an announcement made on Sunday. The company is also planning to remodel 1,300 of its stores at a cost of about...

Low Income Consumers Can Now Enjoy Amazon Prime For Less

Posted by Eileen French on Jun 7th, 2017 // No Comments

Amazon (NASDAQ:AMZN) is making its Prime membership program more affordable to customers on government assistance programs by cutting the monthly cost from $10.99 to $5.99. When paid up front, the Prime membership is $99 a year....

Plans To Privatize Air Traffic Control System In Works

Posted by Eileen French on Jun 5th, 2017 // No Comments

More than 30,000 federal air traffic controllers and other workers from the Federal Aviation Administration would be spun off into a private nonprofit corporation if a new plan from the White House comes to fruition. White House...

Criticism Mounts As Herbalife Lowers Sales Guidance

Posted by Eileen French on Jun 5th, 2017 // No Comments

Herbalife (NYSE:HLF) has lowered its sales guidance for the second quarter, alarming some of its investors. Herbalife now expects revenue to be 1.5 percent lower than prior estimates, but increased estimates for earnings per...

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