IBM CEO Ginni Rometty Is Backed By Over-tenured Board Members

IBM CEO Ginni Rometty Is Backed By Over-tenured Board Members

Posted by on Jul 27th, 2017 // No Comments

IBM’s current CEO Ginni Rometty and the company’s board members are currently facing some pressure following the report that the company’s revenue has declined for 21 consecutive quarters. Rometty has manned the helm at IBM for... 
Bush Brothers Issues Baked Beans Recall

Bush Brothers Issues Baked Beans Recall

Posted by on Jul 26th, 2017 // No Comments

We have another food recall today: Bush Brothers & Co has announced a voluntary recall of Bush’s baked beans. On Saturday, the company said it would be recalling all 28-oz cans of Bush’s Best Brown Sugar Hickory Baked... 
Kwik Trip to Acquire PDQ Food Stores in Midwest

Kwik Trip to Acquire PDQ Food Stores in Midwest

Posted by on Jul 23rd, 2017 // No Comments

On Wednesday, convenience store operating firm Kwik Trip Inc announced their agreement to acquire assets from the convenience store chain PDQ Food Stores Inc. For now, the price of this deal has not been disclosed but, a press release... 
US Spice Maker McCormick & Company Will Acquire the Reckitt Benckiser Food Brands

US Spice Maker McCormick & Company Will Acquire the Reckitt Benckiser Food Brands

Posted by on Jul 22nd, 2017 // No Comments

McCormick & Company—the US spice maker—has just bought the Reckitt Benckiser food business in a deal worth about $4.2 billion in cash. Calling it a “perfect match” the Sparks, Maryland-based company won the bid after fighting... 
JP Morgan Shares Dip Despite Positive Numbers

JP Morgan Shares Dip Despite Positive Numbers

Posted by on Jul 20th, 2017 // No Comments

JPMorgan Chase reported its second-quarter earnings to show that activity is strong, beating top and bottom line numbers on the heels of strong lending results that have offset trading declines. In spite of this, though, trading took... 
Pimco Files Complaint Against Wells Fargo

Pimco Files Complaint Against Wells Fargo

Posted by on Jul 19th, 2017 // No Comments

A couple of Pimco investment funds have accused Wells Fargo of paying its own legal costs using noteholder’s money. According to lawyers representing Pimco, approximately $95 million has been reserved by Wells Fargo to take care... 
Target Announces An Improved Outlook For The Second Quarter

Target Announces An Improved Outlook For The Second Quarter

Posted by on Jul 18th, 2017 // No Comments

Target Corporation has disclosed that it expects an improvement in second quarter results following a brand revitalization campaign which ended up lifting customer traffic and pushing sales higher. In contrast to four consecutive quarters... 
Target Shares Up On Promising Sales Numbers

Target Shares Up On Promising Sales Numbers

Posted by on Jul 15th, 2017 // No Comments

Things are looking up for Target as store sales appear to be improving. Actually, the company boosted its second-quarter earnings forecast, on Thursday, which means both the executives and investors are happy. As such, the retailer... 
US Newspaper Alliance Goes After Facebook and Google Over “Duopoly” Concerns

US Newspaper Alliance Goes After Facebook and Google Over “Duopoly” Concerns

Posted by on Jul 14th, 2017 // No Comments

On Monday, the United States newspaper industry warned that online platforms Google and Facebook could have a “duopoly” over online news, suggesting that legislation should relax antitrust rules to allow collective negotiations... 
Is this the End of Jawbone?

Is this the End of Jawbone?

Posted by on Jul 10th, 2017 // No Comments

Once valued as much as $3 billion, tech startup jawbone has just begun liquidation proceedings. Founded in 1999, the company was among the early pioneers of Bluetooth technology, specializing in the in-ear headphone that helped to... 
Nurses To Strike At Tufts Medical Center

Nurses To Strike At Tufts Medical Center

Posted by on Jul 6th, 2017 // No Comments

In a new letter addressed to Tufts Ceo Michael Wagner, the hospital nurse’s labor union—which represents 1,200 registered nurses—is issuing a 10-day notice to management of a pending one-day strike. The letter says that RNs... 
Nike Forms New Partnership With Amazon

Nike Forms New Partnership With Amazon

Posted by on Jul 5th, 2017 // No Comments

Nike has just released its latest earnings report and it is making investors grow more and more concerned. While this report still shows a positive outlook, the retailer has confirmed a plan to reduce its assortment of accessories,... 
UPS Is the Latest To Freeze Pension plans for NonUnion Retirees

UPS Is the Latest To Freeze Pension plans for NonUnion Retirees

Posted by on Jul 1st, 2017 // No Comments

United Parcel Services Inc—you might know them better as UPS—has just announced plans to freeze a pension plan that will affect roughly 70,000 nonunion employees in the United States. The agency says that escalating costs and increased... 
Blue Apron Cuts Valuation Expectations On Heels of Amazon.com/Whole Foods Merger

Blue Apron Cuts Valuation Expectations On Heels of Amazon.com/Whole Foods Merger

Posted by on Jun 30th, 2017 // No Comments

Personal online services are all the rage these days and, at least in terms of meal preparation, Blue Apron is among the best. Unfortunately, the online meal kit company had to cut its value expectations by roughly one-third this week.... 
Oracle In Record Highs As Cloud Business Takes Off

Oracle In Record Highs As Cloud Business Takes Off

Posted by on Jun 27th, 2017 // No Comments

Oracle’s foray into cloud computing continued to gain momentum resulting in growth in revenue for the fourth quarter in a row. Total sales for the enterprise software maker easily exceeded estimates by analysts and this sent the... 
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