U.S.

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...

Wells Fargo Struggling With Decline In Business

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

Wells Fargo & Co. (NYSE:WFC) has seen steep declines in its business since a scandal involving fake accounts created in its retail unit erupted in September. The number of new checking accounts and credit card applications...

Two More Uber Executives Depart Company

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Posted by Eileen French on Jan 23rd, 2017 // No Comments

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

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

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

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

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

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

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.

Posted by Eileen French on Jan 11th, 2017 // No Comments

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

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

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...

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