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Peet’s Coffee Buying Majority Share of Intelligentsia
Peet’s Coffee & Tea has announced that it will acquire a majority share of Intelligentsia Coffee, which is based in Chicago. It is the second deal for Peet’s with the last month. Once only a single store, Peet’s, based in... More of this article »
GoPro Stock Plummets Thursday
GoPro is amidst its biggest plunge to date. The maker of wearable cameras nosedived by over 16% Thursday to its lowest price since its initial public offering. The stock is not just on track to have its worst overall day ever, but... 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 »
Ford Motor Posts Solid Quarterly Earnings
Ford Motor Co posted net income of $1.9 billion during the just ended third quarter equal to 48 cents per share, which is over double the $835 million that it reported in the same period one year ago, as strong results in its core... More of this article »
Panel for FDA Votes in Favor of Gout Drug from AstraZeneca
A panel of medical advisers that is independent of the U.S. Food and Drug Administration voted on Friday 10 to 4 in favor of approval for a gout drug from AstraZeneca. All of the 10 who supported the drug, known as lesinurad, qualified... More of this article »
Dunkin’ Brands Posts Results That Top Estimates
Dunkin’ Brands Group posted results that were better than had been expected for its most recent quarter, despite lackluster traffic and sales at its U.S. locations of Dunkin’ Donuts. For the most recent quarter, sales at same-stores... 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 »
Housing Starts Increase in U.S.
Construction of new homes in the U.S. was up in September, which is a sign that residential real estate will help bolster the largest economy in the world. Housing starts were up 6.5% to an annualized rate of 1.21 million, more than... More of this article »
Consumer Sentiment Bounces Back in U.S.
The consumer sentiment in the U.S. was able to bounce back strongly during the early part of October, suggesting the economic recovery had remained in place despite some headwinds due to weak demand globally and a strong U.S. dollar... More of this article »
UnitedHealth Beats Estimates on Profit As Costs Stabilize
UnitedHealth Group, the largest health insurer in the U.S. posted profit that was better than had been expected during the third quarter. The results were helped by medical costs that stabilized in its different health plans and more... 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 »
Batteries Will Power Office Buildings in Orange County
Orange County’s biggest landlord is having energy systems that are battery powered at over a dozen different office buildings as part of California’s initiative to fight against global warming and to rebuild capacity lost when... More of this article »
Lyft the Ride-Hailing Business, Partners with Shell and Hertz
Lyft has entered into a partnership with Hertz Global to offer its drivers rental cars, the ride-hailing business said this past week. Daily, weekly as well as monthly rental by Hertz are available as part of a new program for Lyft... 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 »
August Trade Gap Widened in the U.S.
The trade deficit in the U.S. widened during August by its most in the last five months as imports started to pick up and weaker growth overseas limited sales to those abroad. The gap widened by 15.6% to over $48.3 billion from July’s... More of this article »
Oil Rebounds After Producers Lower Rig Counts
Crude oil rose in price after explorers in the U.S. reduced their rig counts to a low of five years, signaling further production drops. West Texas Intermediate futures bounced after news by Baker Hughes was released that said rigs... More of this article »
GM Projecting Record Month as Ford Tops Estimates
Fiat Chrysler Automobiles kept its streak of monthly sales alive as its U.S. deliveries were up 14% during September powered by a 40% rise by Jeep. GM, Nissan, and Ford beat estimates, while Fiat Chrysler and GM projected a sales pace... More of this article »
Raytheon Wins Cybersecurity Contract for $1 Billion
The Homeland Security Department awarded a huge contract for cybersecurity to Raytheon that is worth over $1 billion. Homeland Security hopes this will help to shore up the defenses of the federal government against the ongoing onslaught... More of this article »
Google Uses Android Allegedly to Stifle Its Competition
Google’s dominance is possibly reaching alarming proportions, which is why the Federal Trade Commission in the U.S. might have to step in to ensure other app developers received enough exposure to users of Androids. The investigation... More of this article »
Golden Road Brewing Acquired by Anheuser-Busch InBev
The largest Los Angeles craft brewery, Golden Road Brewing is being purchased by Anheuser-Busch InBev the beer giant. The news of the acquisition first broke on Wednesday morning as many from the craft beer industry from around the... More of this article »
Darden Raises Its Guidance on Revenue Increase
Darden Restaurants Inc announced that sales had grown faster than were expected during its most recent quarter as the turnaround of the Olive Garden brands started to gain traction. Olive Garden was helped by its customized lunch options,... More of this article »
China Asking Tech Firms to Sign New Controversial Pledge
U.S. tech companies are being pressured by China to agree to many measures that could ultimately force them to hand over their user data to the central government. According to a report in the New York Times, a government agency in... More of this article »
Steep Drop in Output of Autos Lowers Production in Factories
Automakers in the U.S. cut back on production sharply in August, lowering the overall output in factories and highlighting a weak spot in the economy a day prior to a key meeting of the Federal Reserve. Manufacturing production has... More of this article »
McDonald’s: Cage Free Eggs Within Ten Years
McDonald’s is making changes again. The burger chain announced it would be switching to all cage-free eggs within the next decade. According to the United States Department of Agriculture, cage free eggs are from birds that can... More of this article »
Sales Dip for GM during August in China
General Motors Co reported on Monday its largest drop in sales for China in the past five months during August as many global automakers are struggling with a deepening slowdown in the economy and dropping equities in the largest auto... More of this article »
Haggen Suing Albertsons Following Their Merger
Haggen has filed a lawsuit on September 1 that seeks over $1 billion in damages from the supermarket chain Albertsons. The complaint claims that Albertsons made systematic and coordinated efforts to eliminate competition and Haggen... 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 »
Unemployment in Germany Drops While Manufacturing Gains Momentum
German unemployment dropped during August, while manufacturing increased momentum, signaling that the largest economy in Europe would maintain growth. Joblessness fell by 7,000 on a seasonally adjusted rate to 2.79 million said the... More of this article »
Alnylam New Drug Might Threaten Regeneron, Amgen and Sanofi
An experimental drug made by Alnylam Pharmaceuticals and Medicines Co, was able to cut the bad LDL cholesterol levels amongst patients in a small scale trial by almost as much as the new treatments offered by Amgen Inc, Regeneron Pharmaceuticals... More of this article »
Jobless Claims in U.S. Remain Close to Historic Lows
The number of people in the U.S. seeking unemployment benefits last week for the first time fell, suggesting the U.S. labor market has remained healthy. The initial claims for jobless benefits a proxy for countrywide layoffs in the... 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 »
China Lowers Interest Rates and Reserve Ratio
The central bank of China cut its interest rates as well as lowered the amount of reserves that banks are required to hold. This was the second time in the past two months the central bank has done this. The hope of the bank was to... More of this article »
Canadian Inflation Measure Up 1.3% during July
Annual inflation in Canada increased at a faster rate in July due to high costs for items than were imported like cars and food that offset the lower prices of gasoline and energy. The all-items consumer price index for Canada was... 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 »
American Eagle Sees Growth in Comparable Store Sales
American Eagle Outfitters the retailer for teen apparel reported its best growth in comparable sales in the past 13 quarters helped by a broader range of merchandise and less discounts. American Eagle, unlike its rivals Abercrombie... More of this article »
North Dakota Oil Production Holding Its Own
North Dakota is doing well as far as oil producing is concerned, despite the huge drop in the price of oil and predictions the shale boom in the U.S. was soon fade. The Department of Mineral Resources in North Dakota released a new... More of this article »
General Mills Partnering With Brewery to Make HefeWheaties
General Mills will partner with Fulton a microbrewery in Minneapolis to launch a limited edition, wheat, German-styled beer HefeWheaties that will look to capitalize the iconic brand of the food giant. Wheaties are not ingredients... 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 »
Burger King Joins Trend Toward Spicy With Fiery Chicken Fries
Burger chain Burger King hopes some heat helps it finish off its summer with some strong sales. After chicken fries played a big part in boosting sales of same-stores by 6.7% during the second quarter, Burger King will introduce a... More of this article »
Netflix Extends Maternity and Paternity Leave to One Year
Netflix announced last week that it was changing it leave policy for maternity/paternity to give new parents as much time off, which is paid, as they need in the first year following the birth of their baby or when they receive one... More of this article »
Hershey Posts Flat Sales for the Quarter, Forecast Cut
Hershey Co the chocolate maker reported sales that were flat for the quarter for just the first time in over five years, as its volumes dropped in North American due to hikes in price and demand was weaker across China. The maker of... 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 »
Time Warner Keeps Profit Forecast for Full Year
Time Warner Inc was down over 4.1% as the huge media company kept its profit forecast for the full year unchanged following an earnings report that topped estimates of analysts by a hefty margin during the last quarter. Maintaining... More of this article »
Noble Energy Beats on Profit as Production Increases
Gas and oil producer Noble Energy Inc reported a profit for the quarter that was better than had been expected as higher production was able to offset the huge impact of a drop in the price of crude. Noble announced on Monday that... More of this article »
Bank in Colorado Suing Fed Over Marijuana
A bank in Colorado sued the U.S. Federal Reserve, as the federal agency did not give permission to the bank to provide financial services to businesses that are dealing in marijuana. Denver’s Fourth Corner Credit Union filed its... More of this article »
Whole Foods Hit by Bad Press on Overcharging
Shares at Whole Foods tumbled on Thursday after the grocer posted bad news in its earnings report for the quarter. The company announced soft sales growth in comparable stores, admitting that bad press that surrounded a recent scandal... More of this article »
GrubHub Increases Its Outlook for 2015 as Profit Surges
GrubHub Inc announced on Tuesday that it raised its guidance for the 2015, as the food ordering and delivery online company reported that earnings had soared during the second quarter. For the full year, GrubHub is projecting its earnings... 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 »