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Two More Uber Executives Depart Company

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... 
Disney Reaches Settlement In Wage Violation Case

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... 
RadioShack Files For Bankruptcy A Second Time

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,... 
Abercrombie & Fitch Announces More Store Closures

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... 
Wells Fargo Expands Account Scandal Inquiry, Claws Back Compensation

Wells Fargo Expands Account Scandal Inquiry, Claws Back Compensation

Wells Fargo & Co. (NYSE:WFC) has released a warning that there may be more victims of the account scandal that rocked the bank last year. The bogus-account scandal involved how employees pitched accounts and other products... 
McDonald’s Reveals Big Plans For The Future

McDonald’s Reveals Big Plans For The Future

McDonald’s (NYSE:MCD) has unveiled an ambitious plan to regain market share in the highly competitive fast food industry. McDonald’s officials spoke at a modern industrial art space in Chicago’s West Loop, a short... 
Sterling Jewelers Under Fire Over Sex Harassment Claims

Sterling Jewelers Under Fire Over Sex Harassment Claims

Sterling Jewelers, parent company of Jared the Galleria of Jewelry and Kay Jewelers, has been hit with class action arbitration suit over claims of rampant sexual harassment and discrimination in the company’s subsidiaries.... 
Wal-Mart Seeks To Regain Pricing Advantage

Wal-Mart Seeks To Regain Pricing Advantage

Wal-Mart Stores (NYSE:WMT) is launching a new front in the retail pricing war. The company is reportedly running a new price-comparison test in at least 1,200 U.S. stores. The tests are intended to find the right price point... 
Federal Directive Sends Private Prison Company Stocks Soaring

Federal Directive Sends Private Prison Company Stocks Soaring

A recent directive from President Donald Trump’s Administration has caused the stocks of private prison companies to soar. The Department for Homeland Security (DHS) recently issued two memos that would see the prison populations... 
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... 
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... 
Anthem-Cigna Merger Blocked By Court

Anthem-Cigna Merger Blocked By Court

Anthem Inc’s (NYSE:ANTM) proposed $54 billion merger with smaller rival Cigna Corp. (NYSE:CI) has been blocked by a federal judge. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia said in... 
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... 
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... 
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... 
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... 
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,... 
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... 
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... 
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),... 
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... 
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... 
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... 
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... 
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... 
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... 
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...