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Has The Apple iPhone Reached Its Limits? (NASDAQ:AAPL)
Apple’s reported results for its fiscal first quarter that showed iPhone sales rose less than 1 percent from a year earlier. The company said it sold 74.8 million iPhones in the quarter ending Dec. 26. Apple sold 74.5 million... More of this article »
Netflix Surges Globally, Slows Nationally (NASDAQ:NFLX)
The fourth quarter has been a mixed bag for Netflix. The company is achieving record global growth. The company now has a total of 74.76 million subscribers across the globe. Netflix is pushing to make its service available around... More of this article »
General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)
General Electric has announced the planned sale of its appliance unit to Chinese manufacturer Haier for $5.4 billion in cash. The deal also includes the 48.4 percent stake that GE Appliances owns in Mexican appliance company Mabe.... More of this article »
Apple Finds Serious Glitch In Apple News App (NASDAQ:AAPL)
Apple has discovered a serious glitch in its Apple News app that has affected counts of users accessing the service. The company disclosed that publishers serving content through the iOS 9 News app have been receiving erroneous traffic... More of this article »
Macy’s Ramps Up Restructuring After Dismal Holiday Season (NYSE:M)
Macy’s executives are not happy with the way the 2015 holiday season went. The company reported that its stores suffered a significant sales decline during the holiday season. Sales at stores open at least a year fell 4.7 percent... More of this article »
Ford Working To Connect Cars To Homes, Drones (NYSE:F)
Ford is launching a few new initiatives to make its vehicles more connected than ever before. The company has announced new plans regarding linking its cars to smart home systems, autonomous driving software, and drones. Ford’s... More of this article »
Tesla Going On A Hiring Spree (NASDAQ:TSLA)
Tesla has announced that the company would be hiring thousands of new employees over the next few years. Many of these new hires will be based in California and employed on the company’s projects to build an autonomous car. The... More of this article »
JPMorgan Chase Agrees To London Whale Class Action Suit Settlement (NYSE:JPM)
JPMorgan Chase & Co has agreed to pay $150 million to resolve a class action lawsuit over its London Whale trading scandal that emerged in 2012. The trading scandal caused a $6.2 billion loss, dropped JPMorgan’s share price... More of this article »
Apple Shakes Up Its Executive Ranks (NASDAQ:AAPL)
Apple’s chief executive, Timothy D. Cook, has continued on his quest to shake up the company’s executive ranks. On Thursday, several changes were announced to Apple’s senior management team. The announced changes include... More of this article »
Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)
Pandora and other free Internet radio services will be required to pay record companies more for the next five years. In a decision closely watched by the music industry and Wall Street, a panel of federal judges, the Copyright Royalty... More of this article »
Netflix Secrecy Starting To Anger Studios (NASDAQ:NFLX)
Giants in the streaming world like Netflix, Amazon Prime, and Hulu are using the secrecy of the streaming industry to their advantage, which is starting to anger the studios that do business with them. The studios are making billion-dollar... More of this article »
Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)
Campbell Soup has announced that it is changing the recipe of its signature chicken noodle soup. The new Campbell’s chicken noodle soup contains 20 ingredients, down from the more than 30 in its previous version. The new recipe is... More of this article »
Pfizer Increasingly Defensive Over Allergan Merger (NYSE:PFE)
Pfizer has received a lot of pushback over its proposed deal to buy Allergan for $152 billion. The merger itself is not the problem, but what the company plans to do after the merger is complete. Pfizer has revealed plans to move its... More of this article »
Target Met Profit Expectations In Third Quarter (NYSE:TGT)
Target Corp. reported its results for the August-to-October quarter Wednesday morning. Its profits fell in line with expectations. In the third quarter, Target reported adjusted earnings per share of 86 cents, in line with analysts’... More of this article »
Apple Wallet To Be Enhanced With Peer-to-Peer Network (NASDAQ: AAPL)
Apple is working on a new peer-to-peer payments service that which would let people use their smartphones to send money to one another. The service could be ready as soon as next year. The new service would be in direct competition... More of this article »
Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)
A number of people are upset with Starbucks right now and are vocally voicing their disapproval on social media. At issue are the plain red holiday cups that Starbucks is using this holiday season. Previously, the holiday cups at Starbucks... More of this article »
Goldman Sachs Assessed $50M Penalty (NYSE: GS)
Goldman Sachs has agreed to pay a $50 million penalty and accepted a three-year ban on access to certain sensitive regulatory information for failure to supervise an employee who was a former Federal Reserve Bank of New York employee.... More of this article »
Coca-Cola Misses Revenue Estimates In Third Quarter (NYSE: KO)
Despite higher volume sales,The Coca-Cola Company reported that revenue was lower than predicted by Wall Street for the third quarter. Revenue fell to $11.4 billion, a 4.6 percent decline from the same quarter a year ago. Analysts... More of this article »
Valeant Pharmaceuticals Served With Subpoenas (NYSE:VRX)
Valeant Pharmaceuticals International has been served with two federal subpoenas issued by the United States attorney’s offices in Manhattan and Massachusetts as part of an investigation into the company’s pricing practices.... More of this article »
Google Jumps Into The News Industry (NASDAQ: GOOG)
Google announced a new news-focused tool on Wednesday, becoming the latest tech company to jump into the news industry. The new tool will reduce the loading time of news stories after they are selected from a Google search. Stories... More of this article »
Lululemon Price Increases Raise Customers’ Ire (NASDAQ:LULU)
Some Lululemon customers are hopping mad at the company’s latest attempt to raise prices on their products. The price hikes were spotted by eagle eyed customers on Tuesday. They reported that the company increased prices for... More of this article »
Verizon FiOS Service Delayed In Many NYC Neighborhoods (NYSE:VZ)
In 2008, New York City came to an agreement with Verizon for the company to offer its high-speed FiOS Internet service throughout the city. Under the agreement, Verizon would lay enough fiber-optic cable for FiOS to pass all three... More of this article »
Trimming Expenses Led To Stronger Earnings For Target (NYSE:TGT)
Intensive cost cutting lifted Target’s bottom line in the most recent quarter. For the second quarter of its fiscal year, Target reported adjusted earnings of $1.22 a share. This was considerably higher than analysts’ estimates... More of this article »
Losses May By Eminent For American Apparel Investors (NYSEMKT:APP)
Investors in American Apparel are watching nervously to see if the troubles at the company will result in them losing their investment. The retailer recently announced that it does not have the funds to continue operations next year.... More of this article »
Disney Fails To Meet Expectations For 3Q (NYSE:DIS)
Walt Disney Co. saw its shares fall after the company failed to meet expectations on earnings for the third quarter. In its fiscal third quarter, revenue for the company totaled $13.1 billion, below analysts’ estimates of $13.22... More of this article »
Discovery Communications, Comcast Reach Agreement On Distribution (NASDAQ:DISCA)
Discovery Communications and Comcast have announced that they have reached an agreement on a new distribution pact. The distribution pact regards the carriage of Discovery’s 12 U.S. networks on Comcast cable systems. Those networks... More of this article »
IBM Reports Revenue Drop For 2Q (NYSE:IBM)
IBM’s overall profit and revenue declined in the second quarter of its fiscal year. IBM reported that its revenue fell 13 percent in the quarter. This was the 13th consecutive quarter of slipping revenue for the company. The second-quarter... More of this article »
Microsoft Announces Another Round Of Layoffs (NASDAQ:MSFT)
Microsoft has announced that it would be undertaking another round of layoffs, cutting up to 7,800 jobs, mostly from the mobile phone business recently acquired from Nokia. Microsoft’s current chief executive, Satya Nadella, announced... More of this article »
Macy’s Cuts Ties With Donald Trump After Controversy (NYSE:M)
Macy’s has decided that the company would no longer do business with Republican presidential candidate Donald Trump after he made controversial statements denigrating Mexicans and immigrants. Trump called Mexican immigrants rapists... More of this article »
Whole Foods Accused Of Systemic Overcharging (NASDAQ:WFM)
Whole Foods Market is facing accusations from a New York City agency that the company has been systemically overcharging its customers for its goods. New York City’s Department of Consumer Affairs (DCA) reported that an ongoing investigation... More of this article »
Starbucks Shuttering All La Boulange Bakery Locations (NASDAQ:SBUX)
Starbucks has announced that it would be closing all 23 of its La Boulange bakery locations over the next couple of months. The closures include 22 La Boulange retail outlets in San Francisco and one in Los Angeles. Starbucks is also... More of this article »
Netflix Inks Entertainment Deal With Marriott (NASDAQ:NFLX) (NASDAQ:MAR)
Netflix has announced that the company has reached a deal with Marriott Hotels to provide entertainment for the hotel chain’s guest rooms. Many hotels have found that their guests regularly stream video from services like Amazon... More of this article »
Instagram Launches Fully Developed Ad Platform
Instagram’s ad business just got a boost thanks to Facebook. Instagram’s Today photo-sharing app is opening up to millions of advertisers potentially interested in sharing ads on the app. The photo-sharing app is very popular,... More of this article »
Apple Enhancing Mobile Payment Offerings (NASDAQ:AAPL)
According to sources close to the company, Apple will announce details about enhancing its Apple Pay mobile payments platform at its software conference next month. As more consumers show that they are willing to make purchases using... More of this article »
Verizon Makes Deal To Buy AOL (NYSE:VZ)
Verizon Communications has announced that it has reached a deal to buy AOL for $4.4 billion. The acquisition is just the latest in a series of steps to transform Verizon into a competitive threat across the technology, telecommunications,... More of this article »
Nearly Three-Fourths Of Web Users Visited Facebook Last Month (NASDAQ:FB)
According to research from GlobalWebIndex, 73 percent of Internet users visited the Facebook website last month. The number of visits to the Facebook website has remained steady over the last eight quarters, according to the data.... More of this article »
Intel Helps Chinese Company Create 3D Printed Robot (NASDAQ:INTC)
Intel surprised participants of the annual Intel Developer Forum by teaming up with a Chinese company to create a 3D printed robot based on its iconic mascot. The robot is 1 meter tall and has a host of activities it can complete,... More of this article »
Chipotle Delivery Coming To 67 Cities (NYSE:CMG)
Restaurant chain Chipotle Mexican Grill has announced that it would begin food deliveries in 67 cities through a partnership with delivery startup Postmates. Chipotle has been seeking to gain more traction in the fast casual industry... More of this article »
IBM Launches New Health Initiative (NYSE:IBM)
IBM is partnering with Apple, Johnson & Johnson and Medtronic to adapt its Watson artificial-intelligence technology for health care. IBM plans to use the Watson technology to create a cloud-based service can collect vast stores... More of this article »
Amazon Gets Approval To Test Delivery Drones (NASDAQ:AMZN)
The Federal Aviation Administration has given Amazon approval to begin testing its plan for its Prime Air service, which will use drones to deliver products sold by the company to homes and businesses. The FAA told the company in a... More of this article »
Deutsche Bank Reportedly Near Deal To End Libor Investigation (NYSE:DB)
Reports are surfacing that Deutsche Bank is nearing a deal to pay a record penalty and accept a criminal guilty plea to settle allegations of participation in Wall Street’s manipulation of the London interbank offered rate, or Libor.... More of this article »
Amazon Enters The Home Services Market (NASDAQ:AMZN)
E-commerce giant Amazon has announced the introduction of Amazon Home Services, a marketplace where shoppers can schedule and pay for home services such as gutter repair, TV wall mounting, and basic home improvement tasks like painting.... More of this article »
Facebook Explores Hosting Content For News Sites (NASDAQ:FB)
Facebook is reportedly exploring options for hosting content for news sites within the Facebook framework. Facebook has been holding talks with multiple media companies about hosting their content inside Facebook, according to several... More of this article »
Lumber Liquidators On Defense After Critical News Report (NYSE:LL)
Lumber Liquidators has shifted into crisis control mode after a piece critical of the company’s products aired on the CBS News program “60 Minutes.” The report claimed that the discount flooring retailer sold laminate wood flooring... More of this article »
Wells Fargo Pulls Back On Subprime Auto Loans (NYSE:WFC)
Wells Fargo has announced that the company is pulling back from the business of making loans to financially troubled borrowers to buy cars. The giant San Francisco bank will cap any new subprime auto loans at no more than 10 percent... More of this article »
Sears To Spin Off Hundreds Of Profitable Stores (NASDAQ:SHLD)
Sears Holdings Corp. has announced plans to spin off up to 300 of its most profitable stores into a separate company in the next few months. The stores would be sold into real-estate investment trust, after which Sears would rent those... More of this article »
Wal-Mart Raising Wages For Half-million Employees
Wal-Mart Stores Inc. has made an announcement that the company would be raising the wages of about a half-million of its workers in the United States this year. Wal-Mart is currently the nation’s largest private employer with... More of this article »
Google Announces YouTube Version Of Popular Channel For China (NASDAQ:GOOGL)
Google has announced the launch of a Chinese version of its popular YouTube channel for Google developers. This new channel will increase Chinese developers’ access to information and resources about Google’s products and services.... More of this article »