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Match.com Operator and Tinder Being Spun Off
IAC or InterActiveCorps the media conglomerate announced Thursday that it was planning an initial public offering for Match Group its online dating business. The offering of shares newly issued would spin off the different variety... More of this article »
Olive Garden: Sales Increase as Discounts and Gas Prices Fall
Olive Garden posted quarterly sales that increased by 3.4% at its established restaurants as customers spent more money at the Italian chain that has been struggling. Darden Restaurants, the parent company, has moved away from heavy... More of this article »
Altice the European Telecom Offers $11.4 Billion for Bouygues
Altice SA the telecommunications company based in Europe has offered approximately $11.4 billion to acquire Bouygues Telecom the mobile operator based in France. The deal could face some stiff hurdles from regulators in France, as... More of this article »
Shareholders at Office Depot Approve Deal with Staples
Shareholders with Office Depot overwhelmingly approved a proposal for competitor Staples to acquire the company, based in Boca Raton, Florida. The shareholders vote was in favor of the company’s acquisition during the annual meeting,... More of this article »
Golden State Defeats Cleveland to Win NBA Finals
The Golden State Warriors defeated the Cleveland Cavaliers in Game 6 of the NBA Finals to win the NBA Championship. It is the first time since 1975 the franchise has won the NBA title. Players formed a mob at center crowd following... More of this article »
Colt Files Chapter 11 Bankruptcy, Seeks Quick Sale
Colt Defense LLC the iconic gun maker based in Connecticut filed late Sunday for chapter 11 bankruptcy protection, allowing for the quicker sale of its operation in Canada and the U.S. In the filing, the company estimated its assets... More of this article »
YouTube Launching Online Gamers Site and App
YouTube Gaming is to be a destination to find gaming videos, Internet personalities and live streams. YouTube wants to win over gamers. The video giant online announced its plans before the Electronic Entertainment Expo next week to... More of this article »
Luxury Goods Industry Facing Inequality and Resentment
Johann Rupert the Richemont chairman that owns Van Cleef & Arpels and Cartier gave the luxury goods industry a scare this week as he warned of the damage the industry is facing from the increasing inequality in wealth and the resentment... More of this article »
Lululemon Increases Revenue and Profit for Full Year
Lululemon Athletica Inc increased its revenue and profit forecast for the full year, the most recent sign the yogawear retailer based in Canada is recovering from turmoil caused by the recall of yoga pants that caused great embarrassment... More of this article »
Ajay Singh Investing More in SpiceJet Fleet
With the fortunes of India based SpiceJet moving up again, its main supporter and chairman Ajay Singh will look into putting more money into an expansion of the fleet, even as he is exploring a number of options for investment. Singh... More of this article »
Steam Machines Launched by Cyberpower and Alienware
The first two Steam Machines are now available for pre-order. Cyberpower and Alienware two makers of PCs have each announced they have new machine that will be sent to buyers during October. Both companies are offering the machine... More of this article »
Alerts Issued by Interpol After Blatter Resigns
On Wednesday, Interpol issued wanted people alerts for four corporate executives and two former senior officials with FIFA, just a day after the surprising resignation of Sepp Blatter the President of soccer’s world governing body. As... More of this article »
Gannett Acquires Eleven News Organizations
Gannett Co, the largest newspaper business in the country announced on Monday that it had acquired 11 new organizations including the El Paso Times. The 11 are in Texas, Pennsylvania and New Mexico. In this deal, Gannett takes 59.35%... More of this article »
Bristol-Myers Shares Hit Hard from Results on Cancer Drug
A new cancer drug from Bristol-Myers Squibb that works through unleashing the immune system of the body extended the survival rates for patients with lung cancer compared with chemotherapy during a clinical trial. However, the trial’s... More of this article »
Abercrombie & Fitch Miss Expectations With Results
On Thursday, struggling retailer Abercrombie & Fitch reported a drop in revenue and loss that was wider than had been expected during its first quarter, although the teen retailer said it is expecting to see sales trends improve... More of this article »
Taco Bell and Pizza Hut Eliminating Artificial Ingredients
Taco Bell and Pizza Hut announced that they are eliminating the artificial flavors and colors, which makes them just the most recent big company in the fast food industry to put a distance between themselves and ingredients consumers... More of this article »
West Coast Port Workers Approve Contract
Dockworkers from 29 ports on the West Coast have voted to ratify a tentative agreement by an overwhelming majority for a new contract of five years with shipping companies that was reached back in February, said union leaders late... More of this article »
Gap Profit Lower in First Quarter by 8%
Gap Inc posted a decline in its profit for the first quarter of 8%, as results took a hit from currency fluctuations as well as sluggish sales at its Banana Republic and namesake stores. The company, based in San Francisco however... More of this article »
Yahoo Tries to Calm Down Investors
Yahoo sought to keep investors calm after worries that the Internet giant would have to pay tax on its Alibaba spinoff stake, which sent Yahoo shares lower by close to 8%. The company said late Tuesday that any possible change to the... More of this article »
Many Probiotics that are Labeled “Gluten Free” Contain Gluten
A number of probiotic supplements have small quantities of gluten. However, whether those traces can be harmful for those who cannot eat gluten remains unknown, said a recently released study. Researchers tested a total of 22 probiotics... More of this article »
Dairy Queen Removing Soda Form Kids Menu
Dairy Queen will start introducing children’s menus that have healthier choices in its different franchises. The decision of removing soft drinks from the menu list for children came from the alarming reports indicating the risk... More of this article »
Instant Articles is Launched by Facebook
The long rumored Facebook new platform named Instant Articles launched on Thursday with news content from Blid, Spiegel, BBC News, The Guardian, The Atlantic, NBC, BuzzFeed, National Geographic and the New York Times. According to... More of this article »
Capital Worries Pressure UniCredit
Core capital at the biggest bank in Italy by assets, UniCredit, moved higher during the 2015 first quarter, but not sufficient enough to suppress the jitters of investors, which sent shares lower. The net profit at the bank for the... More of this article »
Digital is Behind Purchase of U-T by LA Times
Austin Beutner has a task of protecting his different print dinosaurs from becoming extinct while nurturing the newer businesses that could someday be there replacements. Beutner is the publisher and CEO of the Los Angeles Times, whose... More of this article »
Yelp Stock Surges on Potential Sale Rumors
Rumors that Yelp the service that provides consumer reviews is exploring a possible sale, caused the stock of the company, based in San Francisco, to surge by over 23% on Thursday. A report by a national newspaper prompted analysts... More of this article »
Motorola Solutions Results Top Forecasts
Motorola Solutions the maker of communications equipment reported profit on Tuesday for its first quarter that dropped from the same period last year despite better operating margins, reflecting a loss from its discontinued operations... More of this article »
McDonald’s Speeds Up Refranchising
McDonald’s will accelerate refranchising as well as realign markets in its bid to revive the struggling fortunes at the largest fast food chain in the world, said Steve Easterbrook the CEO on Monday. With only two months at the helm... More of this article »
Scientists Warn Over Chemical in Carpets, Cookware and Coats
In 1961, a toxicologist at DuPont warned his colleagues that the exposure to the company’s popular Teflon chemicals enlarged livers in rabbits and rats. Studies over the decades that followed found no level of exposure that was safe... More of this article »
Exxon Posts Quarterly Report that Beats Analyst Expectations
Exxon Mobil Corporation posted its largest surprise in earnings in over a decade as its output from its oil wells beat expectations and its margins in refining soared amidst lower prices of crude. Profit per share was higher by over... More of this article »
UPS Reports Increase in Earnings
United Parcel Services announced on Tuesday that its earnings for the first quarter were up 14% boosted by all new pricing initiatives and solid growth in its domestic sector. Earnings beat Wall Street expectations, although revenue... More of this article »
Second Quarter Earnings for Apple Will Be All About China
Apple will be posting its second quarter earnings on Monday April 27 after the close of the financial markets. The quarter is the second complete quarter since it highly popular iPhone 6 entered the market. While the second quarter... More of this article »
Apple Watch with Low Key Debut
Apple Watch officially debuts today in England, but do not expect any fanfare or the long lines that stretch around a city block at the nearby Apple Store. Apple, which is well known for high profile as well as self-congratulatory... More of this article »
Revenue and Profit at Yahoo Misses Forecasts
Yahoo Inc missed the revenue as well as profit forecasts of Wall Street as a slight amount of growth in its advertising business online was offset by large payments to its partners and websites that send readers to its site. However,... More of this article »
Hasbro Shares Surge on Quarter Profit
Hasbro the toymaker that sells brands like Nerf, Monopoly, Play-Doh and Transformers, saw its shares soar by 8% in Monday trading before the market opened after it topped revenue and profit forecasts. Early money prior to the opening... More of this article »
Workers Allege that Walmart Store in California Closed in Retaliation
Some Walmart employees have accused the company of closing one of its locations in the area of Los Angeles for six months in retaliation for the workers demanding better wages as well as benefits. The largest retailer in the U.S. denied... More of this article »
Earnings in First Quarter at Blackstone Soar
Blackstone Group LP the largest alternative asset manager in the world announced Thursday that its profit for the first quarter doubled compared to the same period last year. The increase was thanks to strong sales of assets that were... More of this article »
Letv Launches Internet Media Business in U.S.
Letv, one of the fastest growing companies in the technology field in China announced on Tuesday it was entering the U.S. market by launching if first smartphone. Letv provides the first of its kind vertically-integrated, open, ecosystem... More of this article »
Spotify Has an $8.4 Billion Value in Latest Round of Funding
According to a nationwide newspaper, Spotify the provider of streaming music is close to landing a new deal for $400 million with the financial institute Goldman Sachs and with the sovereign wealth fund of Abu Dhabi, which would increase... More of this article »
PC Market Plunges Again
It seems as if the PC Market finally had started to stabilize in 2014, but the most recent data released does not look that good. Global shipments of PCs during the 2015 first quarter fell by 5.2% from the same period one year ago.... More of this article »
McDonald’s Wants to Increase the Beef
McDonald’s is bringing back its big burgers in the hope they will in turn bring back their customers. Starting in late April, the largest fast-food restaurant chain will for a short period bring back its beefier burgers in its restaurants... More of this article »
Bristol-Myers Announces Investment in UniQure
Bristol-Myers Squibb has agreed to invest in UniQure NV a Dutch company to collaborate on gene therapies used for cardiovascular disease. Due to the investment, Bristol-Myers will have an exclusive access to the company’s proprietary... More of this article »
Europe Takes On Amazon, Google, Facebook and Apple
Tech giants based in the United States are in the middle of a huge tussle with the European Union. The EU is getting worried more and more about big tech dominance, and has launched a new program to boost the tech sector in Europe. The... More of this article »
Jury Rejects Heinz Ketchup Lawsuit
On Wednesday a federal jury in Pittsburgh rejected the claims of a Michigan man that a package of condiment he patented back in 1997 led to ketchup maker H.J. Heinz Co to develop its packets of ketchup known as Dip & Squeeze in... More of this article »
Dairy Farmers in European Union Protest Milk Quotas Removal
The streets in Brussels were filled with dairy farmers on Tuesday protesting the lifting of milk quotas in the European Union fearing that this move would glut the market with inexpensive surplus milk. One milk farmer from Belgium... More of this article »
CDC: Superbugs Will Be Beaten
With a painstaking effort, a set of hospitals in Chicago has managed to lower by half the amount of infections caused by a deadly form of superbug. Health officials in the U.S. now want that campaign to spread nationwide. On Friday,... More of this article »
Carnival Adding New Ships in 2019
Carnival Corp announced it would be adding 9 new cruise ships over a period of four years beginning in 2019, steps to boost fuel efficiency and to add the newest amenities in the industry. The vessels will be sailing in North America... More of this article »
Jets Charge Patriots with Tampering
The NFL’s New York Jets and AFC East rivals the New England Patriots have cornered the vindictiveness market. This week, the Jets filed what is considered a tampering charge in retaliation against the Patriots, according to a number... More of this article »
IBM Will Share Technology with China in Strategy Shift
IBM Corp is to share its technology with companies from China and will help on an active basis to build industry in China, said Virginia Rometty the CEO at IBM in Beijing as she mapped out a strategy for one of the firms hardest hit... More of this article »