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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 and... 
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... 
Unlimited Data Plans Return To Verizon

Unlimited Data Plans Return To Verizon

Verizon Communications Inc. (NYSE:VZ) has returned to unlimited data plans to better compete with the competition. With the new plans, Verizon customers will get as much talk, text, and data as they want per line. Verizon’s unlimited... 
Amazon Reveals Plans For Air Cargo Hub In Kentucky

Amazon Reveals Plans For Air Cargo Hub In Kentucky

Amazon.com Inc. (NASDAQ:AMZN) has announced its intentions to create its first worldwide air cargo hub. The project was announced by the company and Kentucky state officials in a joint statement. According to the Northern Kentucky... 
Oil Pipeline Plans Revived By Executive Order

Oil Pipeline Plans Revived By Executive Order

U.S. President Donald Trump has signed two executive orders to revive construction of the Keystone XL and Dakota Access oil pipelines. The pipelines are designed to be a quicker route for crude oil to move from Canada and North Dakota... 
Apple Files Suit Against Qualcomm In California

Apple Files Suit Against Qualcomm In California

Apple Inc. (NASDAQ:AAPL) has officially filed a lawsuit against Qualcomm Inc. (NASDAQ:QCOM) alleging unfair business practices. The suit was filed Friday in federal district court in the Southern District of California. Apple is alleging... 
The Andersons Announce Last Days For Stores

The Andersons Announce Last Days For Stores

The Andersons Inc. (NASDAQ:ANDE) has announced that it will close all of its remaining stores this spring, effectively ending its money-losing retail business. The board members of The Andersons voted to cease retail operations at... 
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... 
Toyota Announces Big Investment In U.S.

Toyota Announces Big Investment In U.S.

Toyota Motor (NYSE:TM) has announced that it would be investing up to $10 billion in U.S. capital investments over the next five years. The $10 billion will be spent finishing construction of Toyota’s new North American headquarters... 
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... 
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... 
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... 
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.... 
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... 
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... 
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... 
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... 
Abbott Laboratories Wants Out Of Alere Merger

Abbott Laboratories Wants Out Of Alere Merger

Health care giant Abbott Laboratories (NYSE:ABT) wants to get out of its deal to buy medical test developer Alere Inc. Abbott has filed a lawsuit to terminate the $5.8 billion agreement, saying Alere has lost significant value since... 
Trump Takes On Boeing Over Contract For New Air Force One

Trump Takes On Boeing Over Contract For New Air Force One

President-elect Donald Trump believes that the contract with Boeing (NYSE:BA) to build the new Air Force One should be canceled because it is too expensive. On Tuesday morning, Trump tweeted, “Boeing is building a brand new 747... 
Twitter Acquires Yes, Inc. For Talent

Twitter Acquires Yes, Inc. For Talent

Twitter (NYSE:TWTR) has purchased seven-person mobile app startup Yes, Inc. in a bid to acquire the top talent at the company. Yes makes apps that allow users to connect immediately with friends, focusing on short-form interactions.... 
United Airlines Unveils New Business Class Offerings

United Airlines Unveils New Business Class Offerings

United Airlines (NYSE:UAL) unveiled its much talked-about Polaris business-class program on Thursday. The airline calls its new Polaris service a “complete re-imagination of business class flying.” United Airlines operates... 
Boeing Loses Judgement On Tax Break

Boeing Loses Judgement On Tax Break

The World Trade Organization (WTO) has ruled that a tax break for Boeing (BA.N) from Washington state was a prohibited subsidy to the company. Washington state’s main business tax for aerospace was put into place in 2013, when... 
Black Friday Results Show Strength Of Online Shopping

Black Friday Results Show Strength Of Online Shopping

A survey conducted by the National Retail Federation showed that online spending during the Black Friday weekend grew at the expense of store spending for a straight second year. There was a 4.2 percent rise in consumers who shopped... 
Upper Limit For Federally Backed Mortgages Set To Increase

Upper Limit For Federally Backed Mortgages Set To Increase

The Federal Housing Finance Agency has announced that it will be raising the upper limit for conforming loans beginning in 2017. Starting next year, the limit on loans that qualify as conforming will rise to $424,100. The current limit... 
U.S. Durable-Goods Orders Rise To Highest Of 2016

U.S. Durable-Goods Orders Rise To Highest Of 2016

In October, U.S. durable-goods orders rose at their fastest pace in a year, according to the Commerce Department. Demand for the long-lasting manufactured goods rose 4.8 percent from a month earlier to a seasonally adjusted $239.4... 
Taco Bell Announces U.S. Expansion Plans

Taco Bell Announces U.S. Expansion Plans

Yum Brands Inc. (NYSE:YUM) subsidiary Taco Bell has announced an ambitious expansion plan for the United States over the next six years. Taco Bell plans to grow to a network of 9,000 U.S. locations and create 100,000 new jobs by 2022.... 
Herbalife Reports Earnings Decline And CEO Exit

Herbalife Reports Earnings Decline And CEO Exit

Herbalife (NYSE:HLF) reported a 6.3 percent drop in third-quarter net income during its latest earnings announcement. Herbalife’s net income fell to $87.7 million, or $1.01 per share, in the third quarter, from $93.6 million, or... 
Volkswagen Settles With U.S. Regulators For $14.7B

Volkswagen Settles With U.S. Regulators For $14.7B

Volkswagen’s (VLKAY) proposed $14.7 billion settlement with U.S. regulators over its emissions scandal has been approved by a federal judge. Judge Charles Breyer of the U.S. District Court in San Francisco authorized the settlement,...