Home » Author Archive

VF Corporation To Pick Up Dickies Maker for $820 Million

VF Corporation To Pick Up Dickies Maker for $820 Million

Posted by admin on Aug 18th, 2017 // No Comments

VF Corp announced, on Monday, their plans to acquire the maker of Dickies brand work wear—the 100-year old Williamson-Dickie Manufacturing that makes blue collar uniforms and hospital scrubs, as well as the Kodiak work boots brand....

Weak Earnings and Lower Guidance Send Shares of Dick’s Sporting Goods Plunging

Weak Earnings and Lower Guidance Send Shares of Dick’s Sporting Goods Plunging

Posted by admin on Aug 16th, 2017 // No Comments

On Tuesday, Dick’s Sporting Goods reported that earnings in its second-quarter did not meet analysts estimates. Furthermore, the retailer offered shallow guidance for the remainder of the year. From first glance, things might...

Facebook Unveils ‘Facebook Watch’ To Eat Broadcasters Revenue

Facebook Unveils ‘Facebook Watch’ To Eat Broadcasters Revenue

Posted by admin on Aug 13th, 2017 // No Comments

Facebook has moved to expand its video empire with the unveiling of Facebook Watch dedicated to original video shows. The new platform is designed to give users a new way of watching videos online in addition to helping the social...

Kering Dismisses Lawsuit In Favor Of Cooperation With Alibaba On War Against Fakes

Kering Dismisses Lawsuit In Favor Of Cooperation With Alibaba On War Against Fakes

Posted by admin on Aug 11th, 2017 // No Comments

Luxury goods firm Kering has reached an agreement to drop a lawsuit which it had filed against Chinese online retail leader Alibaba. The suit which had been filed two years ago in New York alleged that Alibaba was in a conspiracy with...

Users Under 25 Most Active On Instagram

Posted by admin on Aug 9th, 2017 // No Comments

Instagram has been found to be most popular among users aged under 25 as this demographic spends over half an hour on the app on a daily basis. Users aged 25 and above used the photo-sharing app for an average of 24 minutes per day....

Twitter Testing Out A Tweet-Promoting Subscription-Based Tool

Twitter Testing Out A Tweet-Promoting Subscription-Based Tool

Posted by admin on Aug 7th, 2017 // No Comments

A subscription plan is being tested out by Twitter. The plan involves automatically promoting tweets with a view to reaching more users as well as to grow the follower base. For a monthly fee of $99, the service which is in private...

Upcoming Apple TV Expected To Offer HDR Support

Upcoming Apple TV Expected To Offer HDR Support

Posted by admin on Aug 5th, 2017 // No Comments

Reports indicate that Apple is planning to release an Apple TV that supports high dynamic range. This emerged after movies listed on iTunes were shown to be supporting HDR and 4K in the purchase histories of users in the Canadian and...

Apple Watch Expected To Be Launched In Fall

Apple Watch Expected To Be Launched In Fall

Posted by admin on Aug 2nd, 2017 // No Comments

A new model of the Apple Watch, Series 3, is expected to be launched this fall. This is based on reports that one of Apple’s contract manufacturers assigned the responsibility of being the primary manufacturer of the latest version...

JD.com Grows Faster Than Wider Chinese Ecommerce Sector

JD.com Grows Faster Than Wider Chinese Ecommerce Sector

Posted by admin on Jul 31st, 2017 // No Comments

Reports indicate that Alibaba’s rival, JD.com, is growing at a faster rate than the wider ecommerce sector in China. This is being attributed to an expansion of the product line in order to entice wealthy shoppers as well as widening...

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

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

Posted by admin 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

Posted by admin 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 admin 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 admin 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 admin 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 admin 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 admin 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 admin 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 admin 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?

Posted by admin 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 admin 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

Posted by admin 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 admin 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 admin 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 admin 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...

Walmart To Acquire Bonobos As It Accelerates Online Push

Walmart To Acquire Bonobos As It Accelerates Online Push

Posted by admin on Jun 22nd, 2017 // No Comments

Walmart has announced that it is acquiring Bonobos for a price of $310 million in a cash deal. Bonobos is a hip clothing brand and will help Walmart diversify its apparel offerings since it concentrates on low cost clothing rather...

Are Drug Companies Responsible for the Growing US Opioid Epidemic?

Are Drug Companies Responsible for the Growing US Opioid Epidemic?

Posted by admin on Jun 19th, 2017 // No Comments

A panoptic coalition of US state attorneys general has formed a bipartisan committee aimed at looking into the marketing and sales practices of companies that make opioid pharmaceutical drugs. The goal for this coalition is to investigate...

Aldi To Invest $3.4 Billion In US Expansion

Aldi To Invest $3.4 Billion In US Expansion

Posted by admin on Jun 16th, 2017 // No Comments

If you have not yet heard about the low-cost grocery chain Aldi, your awareness should soon change. The German-based company has just said it plans to invest $3.4 billion to add another 2,500 store3s across the United States. This...

Upcoming Apple Safari Browser To Disable Tracking And Block Autoplay Videos

Upcoming Apple Safari Browser To Disable Tracking And Block Autoplay Videos

Posted by admin on Jun 10th, 2017 // No Comments

Apple has revealed that the new version of its Safari browser which will be made available alongside its new operating system for the desktop, High Sierra, will prevent website videos from autoplaying. The upcoming Safari will also...

Flint Official Resigns Over Racial Slur

Posted by admin on Jun 7th, 2017 // No Comments

An official in Michigan who manages homes that have been tax foreclosed has tendered his resignation following the surfacing of an audio recording in which he is heard blaming the water problems in the city on African Americans. Phil...

Its a Seller’s Market as Home Prices Rising Across the United States (but Can Anyone Afford Them?)

Its a Seller’s Market as Home Prices Rising Across the United States (but Can Anyone Afford Them?)

Posted by admin on May 30th, 2017 // No Comments

Home prices in the United States rose slightly less than analysts had originally estimated in the month of March. This is according to new data from the Standard & Poors CoreLogic Case-Shiller US National Home Price Index. Still,...

Aviation Police Officers Offer Differing Account Of United Airlines Passenger Removal Incident

Aviation Police Officers Offer Differing Account Of United Airlines Passenger Removal Incident

Posted by admin on Apr 26th, 2017 // No Comments

Aviation officers employed by the city of Chicago who were captured on video forcibly removing a flyer on a flight being operated by United Airlines have alleged that the passenger acted aggressively when he was asked to leave the...

Uber Reveals That Its Sales Figures Grew Faster Than Losses

Posted by admin on Apr 17th, 2017 // No Comments

Despite not being required to publicly announce its finances since it is privately held, Uber has revealed that sales grew faster than losses. This comes as the ride-hailing company tries to put behind a recent wave of scandals. In...

Musk Tells Off Disgruntled Investors Who Are Pushing For More Independent Directors

Musk Tells Off Disgruntled Investors Who Are Pushing For More Independent Directors

Posted by admin on Apr 15th, 2017 // No Comments

A group of investors with a stake in Tesla have called into question the board’s independence. The investors have argued that the Tesla board is suffering from groupthink and doesn’t possess the capacity to stand up to or challenge...

Will Paul Singer’s Elliott Management Corporation Finalize BHP Proposal?

Will Paul Singer’s Elliott Management Corporation Finalize BHP Proposal?

Posted by admin on Apr 11th, 2017 // No Comments

Hedge fund billionaire Paul Singer wants to overhaul the largest mining company in the world and hopes that his plans to do so will win over his shareholders. Singer’s company, Elliott Management Group, has quite the record of...

Google Fires Back Against Gender-Based Wage Gap Accusations

Google Fires Back Against Gender-Based Wage Gap Accusations

Posted by admin on Apr 11th, 2017 // No Comments

Google continues to challenge claims from the United States Department of Labor which accuse the tech company of systematically underpaying women: and the company has released information in an attempt to explain just how it measures...

FDA Approves Supplemental Indications for Gilead Science Hepatitis Drugs Harvoni and Sovaldi To Treat Pediatric Patients

FDA Approves Supplemental Indications for Gilead Science Hepatitis Drugs Harvoni and Sovaldi To Treat Pediatric Patients

Posted by admin on Apr 8th, 2017 // No Comments

Earlier today, Gilead Sciences, Inc announced that the United States Food and Drug Administration (US FDA) has approved supplemental indications for the Hepatitis drugs Harvoni (ledipasvir 90 mg/sofosbuvir 400 mg) tablets and Sovaldi...

Is Maple Syrup A Superbug Miracle Drug?

Posted by admin on Apr 4th, 2017 // No Comments

You may have heard about the growing concern over the rise of antibiotic-resistant “superbugs.” these are bacteria, of course, that cannot be killed or treated with the antibiotics we currently have. If you are not aware of this...

Most Kids Who Die Of the Flu Are Not Vaccinated

Most Kids Who Die Of the Flu Are Not Vaccinated

Posted by admin on Apr 4th, 2017 // No Comments

Regardless of where you stand on the vaccination debate, it is hard to argue with hard data. And in this case, the hard data shows that the flu shot really works. Researchers have recently learned that roughly 75 percent of all US...

Swedish Start-Up Implants Employees with Microchips

Swedish Start-Up Implants Employees with Microchips

Posted by admin on Apr 4th, 2017 // No Comments

Swedish start-up hub, Epicenter, has initiated a new program which implants workers with microchips that are roughly the size of a grain of rice. These microchips, essentially, function like swiped key or debit cards, opening doors...

SUVs Hold Strong While Overall Auto Sales Fall

SUVs Hold Strong While Overall Auto Sales Fall

Posted by admin on Apr 4th, 2017 // No Comments

On Monday, major automakers in the United States posted sales figures for March, showing that numbers for the month were notably lower than expectations. Of course, this further highlighted concerns over the wane of the country’s...

We Live In A Time $65,000 A Year for a Drug Is Celebrated

We Live In A Time $65,000 A Year for a Drug Is Celebrated

Posted by admin on Apr 4th, 2017 // No Comments

High drug prices are nothing new but that does not take away from the surprise every time a drug company announces the price of a new drug. This time, though, two new drugs have recently been cleared for market—with surprisingly...

J.Crew President Jenna Lyons Announces Departure

J.Crew President Jenna Lyons Announces Departure

Posted by admin on Apr 4th, 2017 // No Comments

There was once a time when J.Crew was the premier clothing company for young adults. And the success of this company was largely a result of the diligence of president and creative director Jenna Lyons. Now, after 26 years, though,...

Panera Shares Jump on Sale Speculation

Posted by admin on Apr 4th, 2017 // No Comments

While many fast food and casual restaurant chains have been struggling, of late, Panera seems to be doing very well. Indeed, the company has seen steady growth over the past few years and, in fact, is now one of the largest chains...