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Lowe’s To Buy Rona in Canada
Lowe’s Companies Inc the home improvement retailer based in the U.S. said it had agreed to purchase Rona Inc based in Canada in a deal worth C$3.2 billion or US$2.28 billion. Lowe’s previous bid was rebuffed by Rona, dealers as... More of this article »
BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)
After the announcement of disappointing earnings results for the latest quarter, BP repeated a commitment it made last month to cut 4,000 jobs this year in its exploration and production unit. The unit lost $728 million in the quarter.... More of this article »
Rumored Small iPhone Could Bring Apple a Big Moment
A new iPhone 5se is rumored to be in the works and could find just the right spot amongst smartphone users for its size, features and price. The iPhone 5c could be Apple’s most confusing iPhone made. Released together with its sibling... More of this article »
Honda Operating Profit for Third Quarter Slides on Recalls
Honda Motor Co posted an operating profit for the third quarter that dropped 22%, which was more than had been expected due to an increase in costs for the massive recall of vehicles worldwide due to air bag problems. The third largest... More of this article »
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 »
United Technologies Beats the Street on Profit
On Wednesday, United Technologies Corp reported profit for the fourth quarter that exceeded estimates of Wall Street analysts as the building systems and aerospace manufacturer lowered its costs to counter a global economy that has... More of this article »
El Salvador Urging Against Pregnancies Due to Spread of Zika Virus
On Thursday, El Salvador urged women leaving in the Central American country to avoid becoming pregnant until 2018 in order to avoid their babies from developing birth defects due to the Zika mosquito borne virus that has rampaged... 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 »
GM Purchases Ride-Hailing Sidecar’s Assets
General Motors has increased its expertise in the ride-sharing/hailing arena. The Detroit-based automaker hired some employees and purchased the assets of recently shuttered Sidecar Technologies, a ride-sharing/hailing company that... More of this article »
Raw Cashew Pieces Recalled by Trader Joe’s for Risk of Salmonella
Lovers of cashews might need to read this one. Trader Joe’s has issued a recall that went out on January 15 for the product known as Raw Cashew Pieces, due to a possibility of salmonella poisoning. The company sent an alert out to... 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 »
Xiaomi Misses Sales Target for 2015 But Sells 70 Million Smartphones
On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2015. Although a very high number, it was short of the company’s ambitious target of 80 million. Growing competition... More of this article »
Yum! Brands Sales in China Rose 1% During December
Yum! Brands Inc, which operates KFC, Pizza Hut and Taco Bell, announced that December sales at same stores were up 1% across China, where a spinoff of operations will take place this year. Sales at comparable stores for KFC were up... 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 »
David Bowie Dies at 69
Ultra talented musician David Bowie has died. The musician’s death was confirmed by his representative who said Bowie was 69. The singer was battling cancer for over the past year according to a post on his Facebook page. The statement,... More of this article »
White House Top Security Officials and Tech CEOs to Meet
Much of the leadership of the White House administration will fly to California and seek the help of tech firms to figure out the way to thwart terrorists who are using the Internet as a way to recruit as well as radicalize people... More of this article »
Profit from KB Home Misses Wall Street Expectations
KB Home the homebuilder missed expectations for the most recent quarter ended following deliveries that were softer than had been expected and contract abandonment and inventory impairment charges, though its sales continued to reflect... 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 »
Twitter Ready to Expand the 140-Character Limits
Twitter appears as if it is ready to loosen a restriction that goes back a decade on the length of its messages in an attempt to make the service appeal to a broader audience accustomed to the freedom that is offered by social media... 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 »
Factory Activity in Euro Zone Ends with Growth in 2015
The factory activity across the euro zone ended this past year with growth in each of the countries that were included in a survey that was made public on Monday, suggesting that growth in manufacturing over the past year in general... More of this article »
Cancer and Sugar: Tumor Growth Risk Increased with Western Diet
Large amounts of dietary sugar, more commonly found in a Western diet, might increase the risk of developing cancer, University of Texas researchers studied mice that were genetically predisposed to cancer of the breast and found those... More of this article »
Ashley Madison Rebounds with Millions of New Users
They say that no publicity is bad publicity and for Ashley Madison, the site for men who want to have an affair that might very well be the case. A massive breach of data that exposed information of millions of spouses who were unfaithful... 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 »
Rare Diseases Start to Show Their Face Again
Diseases that have been considered rare, nearly wiped out or eradicated, especially across developed nations, are making a surprise and deadly comeback according to a just published study in London. Referred to by many as Victorian... More of this article »
Northrop Wins Deal for $93 Million to Manufacture Drone
Northrop Grumman Corp won a contract of just over $93 million to manufacture a full-scale demonstrator of an unmanned spy drone, a flying wing that has large counter rotating propellers, which could take off as well as land on frigates,... More of this article »
FDA Overturns Ban of 30 Years on Gay Men Donating Blood
The government of the U.S. overturned on Monday its ban of 30 years on gay men donating blood saying they are now allowed to donate 12 months after having their last sexual contact with another male. The U.S. Food and Drug Administration... 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 »
New Hack Has Government Officials Worried over Infiltration
A major breach of the Juniper Networks computer system has officials in the U.S. worried that the hackers are working for a foreign government that has been able to spy on encrypted communications of the government as well as private... 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 Re-launches App for Windows 10 for Tablets and PCs
Netflix released a new Windows 10 app that is designed to work with a myriad of devices with Windows 10. Added to the Windows Store at Microsoft Wednesday the updated app now supports Windows 10 tablets and PCs from the start and will... More of this article »
Merck Does Not Gain Backing from FDA Panel for Vytorin
Merck & Co should not be given the ok to claim Vytorin, its drug for lowering cholesterol, reduces the risk of strokes or heart attack in patients that have coronary heart disease, said an advisory committee on Monday to the United... More of this article »
Chemo with Suicide Gene Therapy Kills Cancer Cells in Prostate
The results of a clinical trial show that combining a treatment referred to as suicide gene therapy with chemotherapy successfully and safely kills tumor cells in the prostate. The suicide gene therapy involves a technique of genetically... More of this article »
United Reintroducing Free Snacks for Economy Passengers
Months after it announced a new Chief Executive who promised to hear feedback from customers, United Airlines responded, it will reintroduce free snacks beginning in February. Breakfast snacks, which the airline calls a small piece... More of this article »
No More Dental Fillings, No Drill Dentistry Stopping Decay
Researchers in Australia found a way to prevent and stop tooth decay without the need to use the drill and the fill technique. A study of seven years showed preventive dental care is able to reduce the necessity for any dental fillings... More of this article »
TAG Heuer Connected Has Production Increase Due to Demand
One month ago, when TAG Heuer Connected was first launched, there were some people wondering if there was a market for a luxury Android smartwatch that cost $1,500. Apparently, the answer is yes since TAG Heuer said it must increase... More of this article »
To Help Merger AB InBev Selling Some Brands in Europe
Anheuser-Busch InBev on Thursday said it was planning to sell several of the premium brands of SABMIller in Europe including Grolsch and Peroni, which it hopes will ease concerns of regulators about the proposed merger of the two brewers. The... 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 »
Consortium from China Buying 13% Share in Manchester City Club
A consortium of company from China will invest $400 million for a minority share of the Manchester City FC football (soccer) franchise, as buyers from China search the globe for assets involved in entertainment. Citic Capital Holdings... More of this article »
Lazard Working with Sanofi on Deal for Animal Health Segment
Lazard the investment bank is working with management at Sanofi to prepare a sale or a listing of animal health unit Merial. That could value its business at as much as $12 billion euros or $12.7 billion, said source close to the matter. Lazard... More of this article »
Raspberry Pi Computer Will Cost You Only $5
British company Raspberry makes learning to program the same price as a double latte. The new educational micro-computer by Raspberry Pi is the cheapest it has made to date – a device that is pocket-sized designed for teaching kids... 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 »
Tiffany Misses on Profit As Sales Hurt by Dollar
Tiffany & Co posted a profit for the third quarter that disappointed and cut its forecast for the year as the strong U.S. dollar and the choppy economic conditions weighed on luxury jewelry sales. Profit reached 70 cents per share,... 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 »
Microsoft Deals for Black Friday Beginning Now
The holiday deals from Microsoft have begun and run until the weekend of Thanksgiving. Some of the digital deals only cost 10 cents. The latest deals for Black Friday are underway at the software giant. Microsoft is on a 10 cent kick... More of this article »
Starboard Urges Yahoo Not to Spinoff Alibaba
Starboard Value, the Jeff Smith operated activist fund is urging Yahoo Inc to drop its plan of spinning off its share in Alibaba the e-commerce giant based in China. Starboard said instead that Yahoo should sell its display and search... 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 »