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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...

Wal-Mart CEO Touts Achievements During Annual Meeting

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

Wal-Mart (NYSE:WMT) CEO Doug McMillon touted the company’s investments in people and technology at the company’s annual shareholders’ meeting Friday. Wal-Mart workers from around the world packed the arena for the meeting....

Supreme Court Ruling On Lexmark Patents Victory For Consumer Groups

Posted by Eileen French on Jun 1st, 2017 // No Comments

The Supreme Court has handed a victory to consumer groups with its ruling that patent rights do not extend to multiple sales of a single product. The case at hand is called Impression Products v. Lexmark. The case focused on...

McDonald’s Delivery Expanding Across The Nation

Posted by Eileen French on Jun 1st, 2017 // No Comments

McDonald’s (NYSE:MCD) is planning on having its delivery service available in more than 3,500 locations by end of June. That accounts for about 1 in 4 of its U.S. locations. The expansion will more than double the number of...

New York Times Reducing Employee Total

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

The New York Times Company (NYSE:NYT) is taking steps to reduce its employee headcount at the Times by offering buyouts to its newsroom employees. The buyouts are aimed primarily at editors, but reporters and others in the newsroom...

General Motors Accused Of Using Emissions Defeat Devices

Posted by Eileen French on May 25th, 2017 // No Comments

General Motors Co. (NYSE:GM) has been accused of cheating on emissions-testing with its diesel-powered Chevy Silverado, GMC Sierra, and Cruze Diesel models. The class action lawsuit claims that the company used computer software...

Uber Engineer Levandowski Under Fire Over Court Order

Posted by Eileen French on May 19th, 2017 // No Comments

Uber has threatened to fire Anthony Levandowski, its current VP of engineering, if he doesn’t comply with a court order and hand over certain documents he is alleged to have taken from Waymo, Google’s self-driving car...

Foot Locker Disappoints Investors In First Quarter

Posted by Eileen French on May 19th, 2017 // No Comments

Foot Locker Inc. (NYSE:FL) missed analysts’ estimates for its first-quarter results, sending its stock on its worst decline in more than eight years. Foot Locker reported first-quarter earnings of $180 million, or $1.36 a...

Wal-Mart Surprises With Online Sales Strength

Posted by Eileen French on May 18th, 2017 // No Comments

Wal-Mart (NYSE:WMT) e-commerce numbers increased dramatically over the same quarter last year, according to its earnings report released Thursday. Its online sales rose a staggering 63 percent and added 0.8 percentage points...

Biggest Online Retailers Find Themselves In Shipping War

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

Target (NYSE:TGT), Wal-Mart (NYSE:WMT), and Amazon (NASDAQ:AMZN) are currently engaged in a shipping war. The goal is to lure shoppers away from one of the others with their free shipping threshold and other shipping strategies....

Dick’s Sporting Goods’ Shares Fall On Sales Miss

Posted by Eileen French on May 16th, 2017 // No Comments

Dick’s Sporting Goods (NYSE:DKS) failed to grow first-quarter same-store sales as much as Wall Street was expecting, as the company is grappling with intense online competition and declining interest in golf. Same-store...

21st Century Fox Under Federal Scrutiny Over Payments To Ex-Employees

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

Federal prosecutors want to know if 21st Century Fox (NASDAQ:FOX) improperly accounted for payments to ex-employees to minimize their impact on Fox’s books. Investigators in the U.S. Attorney’s Office for the Southern District...

Apple To Invest $1B In US Manufacturing

Posted by Eileen French on May 3rd, 2017 // No Comments

Apple (NASDAQ:AAPL) has announced that it will be investing $1 billion in manufacturing its products in the United States. Apple CEO Tim Cook made the announcement in an interview with CNBC’s Jim Cramer. The money will be...

Miami Lawsuit Against Wells Fargo And Bank Of America To Continue

Posted by Eileen French on May 1st, 2017 // No Comments

A lawsuit filed by the city of Miami against Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC) over discriminatory and predatory lending practices will be allowed to continue. The U.S. Supreme Court ruled that Miami can...

United Airlines Incident Leads To Changes In Industry

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

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

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

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....

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

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

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...

Bebe Stores Is Latest Casualty Of Retail Downturn

Posted by Eileen French on Apr 21st, 2017 // No Comments

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...

NYC Takes On Uber Over Tipping Drivers

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

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...

More Bad News Emerges For United Airlines

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

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

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

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...

Wells Fargo Ordered To Rehire Whistle-blower And Pay Damages

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

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

Posted by Eileen French on Apr 4th, 2017 // No Comments

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

Posted by Eileen French on Apr 4th, 2017 // No Comments

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...

BlackBerry Beats Estimates For Fourth Quarter

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

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’s New Retail Plans Revealed

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

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

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

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...