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Dr. Reddy Stock Drops by 14% Following Warning by FDA

Dr. Reddy Stock Drops by 14% Following Warning by FDA

Dr. Reddy the drug maker based in India received new warnings from regulators in the U.S. on its processes used in manufacturing at two factories in the southern part of India, said company officials on Friday. The announcement sent... 
Germany Pressures Volkswagen as Scandal Enters Another Dimension

Germany Pressures Volkswagen as Scandal Enters Another Dimension

On Wednesday, officials in Germany stepped up their pressure on automaker Volkswagen to clean its act up after it said it understated the consumption of fuel of some of its vehicles, which opened another front in the crisis at the... 
Amazon Debuts Online Deals Store for Black Friday

Amazon Debuts Online Deals Store for Black Friday

Expanding on its success of the sales holiday known as Prime Day earlier this year, Amazon has announced that it is now going to launch a store that is dedicated only to deals for Black Friday, where members of Amazon Prime can have... 
Target and Walmart Unveil Plans for Holidays

Target and Walmart Unveil Plans for Holidays

Target and Walmart, two of the largest retailers in the U.S. rolled out on Thursday their plans to lure in shoppers to their stores during the upcoming holiday shopping season, which includes increased marketing, better looking stores... 
Heineken Profits From Strong Sales in Americas and Europe

Heineken Profits From Strong Sales in Americas and Europe

The third largest brewer in the world Heineken NV said on Wednesday that its revenues and volumes of beer grew more than had been expected during its third quarter, driven by stronger than expected sales in the Americas as well as... 
Bridgestone Buying Retail Chain Pep Boys

Bridgestone Buying Retail Chain Pep Boys

Bridgestone Corp announced that it has agreed to purchase the retail chain Pep Boys for $835 million, which pushes it deeper into the industry of auto-parts that has been the benefactor of Americans keeping their vehicles longer on... 
Western Digital Buying SanDisk the Maker of Memory Chips

Western Digital Buying SanDisk the Maker of Memory Chips

Western Digital Corporation announced Wednesday that it has agreed to purchase SanDisk Corporation the maker of memory chips in a deal that includes stock and cash of $19 billion. Under the deal’s terms, investors of SanDisk would... 
Halliburton Reports Drop in Sales of 36% as Fracking is Reduced

Halliburton Reports Drop in Sales of 36% as Fracking is Reduced

Halliburton Co’s saw its revenue fall by 36%, which helped to push the largest provider in the world of fracking services to a loss during the third quarter as the worst downturn in the crude market in decades is reshaping the industry. The... 
AT&T and Uber Testing Streaming of College Football

AT&T and Uber Testing Streaming of College Football

On Friday AT&T announced that it partnered with Uber and will roll out connect car rides across four cities for a limited period to let passengers see live college football games from their tablets while riding in the back of the... 
Ford Investing $1.8 Billion for Research in China

Ford Investing $1.8 Billion for Research in China

Ford Motor Co will invest $1.8 billion to develop new technologies that are aimed at attracting car buyers in China, underlining the importance of China to automakers despite the slowing growth of sales. The automaker based in Detroit... 
Shipments of PCs Continue to Drop

Shipments of PCs Continue to Drop

Personal computer shipments worldwide dropped during the quarter ending in September, as makers of PCs did not received a significant boost from the Microsoft launch of its new operating system Windows 10, shows data from two data... 
Constellation Brands Beats on Profit as Sales of Beer Jump

Constellation Brands Beats on Profit as Sales of Beer Jump

Constellation Brands profit for the quarter easily beat estimates by analysts and the company increased its full year forecast for adjust profit again, driven by sales increases of beers under its Modelo and Corona brands. Shares of... 
Business Growth in Euro Zone at Low of Four Months During September

Business Growth in Euro Zone at Low of Four Months During September

Business activity in the euro zone grew at its slowest pace in the past four months last Monday. However, one sign of encouragement for the European Central Bank, service companies increased prices for just the first time in the past... 
Sprint Likely to Have Layoffs with New Plan of Cost Reduction

Sprint Likely to Have Layoffs with New Plan of Cost Reduction

Sprint is likely to be cutting some of its 31,000 strong workforce as part of the new cost reductions of $2.5 billion over the upcoming six months, a spokesperson with the company said on Friday. It is likely certain jobs are to... 
ADP Says Employers Added 200,000 Jobs in September

ADP Says Employers Added 200,000 Jobs in September

In September, companies increased their hiring, indicating the job market in the U.S. was remaining firm even though there is weaker demand globally according to a new payroll report from ADP. An increase of 200,000 in jobs for September... 
Shell Pulls Out of Exploration in Arctic

Shell Pulls Out of Exploration in Arctic

Royal Dutch Shell has abandoned its search in the Arctic for oil after it failed to find sufficient crude. The move appears to appease environmental campaigners along with shareholders who said the project was too risky and too expensive. This... 
Finish Line Profit Declines, Misses Forecasts for Revenue

Finish Line Profit Declines, Misses Forecasts for Revenue

Finish Line announced that its profit had slipped during its most recent quarter as overhead expenses that were higher offset a slight increase in its revenue. Sales at its stores opened for a minimum of one year were higher by 1.5%... 
Martin Winterkorn CEO at Volkswagen Resigns Amid Emissions Scandal

Martin Winterkorn CEO at Volkswagen Resigns Amid Emissions Scandal

Martin Winterkorn the CEO at Germany-based automaker Volkswagen announced on Wednesday his resignation as the company is grappling with a cheating scandal regarding its emissions. Winterkorn said he was shocked at the events that have... 
Sales of Pre-Owned Homes in U.S. Drops More Than Forecasted

Sales of Pre-Owned Homes in U.S. Drops More Than Forecasted

Sales of pre-owned homes in the United States fell more than what had been forecast for August as the lean inventories slowed the momentum for this year. Closing, which normally take place one month or two after the signing of a contract,... 
Volkswagen Must Recall a Half Million Vehicles

Volkswagen Must Recall a Half Million Vehicles

On Friday, the White House administration directed German carmaker Volkswagen to recall close to 500,000 cars saying the automaker used software that had been designed intentionally to circumvent the environmental standards for lowering... 
Consumer Prices in U.S. Post First Drop in Past Seven Months

Consumer Prices in U.S. Post First Drop in Past Seven Months

Consumer prices in the U.S. unexpectedly fell during August as the prices of gasoline started to decline ago and a strong U.S. dollar curbed an increase in other goods, pointing to tame inflation that will complicate the decision by... 
China Grabs Funds Unused by Towns and Cities for New Projects

China Grabs Funds Unused by Towns and Cities for New Projects

Authorities in China have seized as much as 1 trillion yuan or $157 billion for different local governments who have failed to use their entire budget allocations, said sources, as Beijing looks for more ways to spend money to work... 
Salmonella Cases Tied to Chipotle Restaurants

Salmonella Cases Tied to Chipotle Restaurants

A report that was issued by the Department of Health in Minnesota says that 45 salmonella cases have been reported since September 2. Thirty-four of the people have had interviews with members of the health department and of the... 
New Unemployment Applications Drop 6,000

New Unemployment Applications Drop 6,000

Fewer Americans applied last week for unemployment benefits keeping this indicator that is an important metric for the health of the labor market near all time lows. On Thursday, the Labor Department said that applications for last... 
Concordia Healthcare Buying Amdipharm Mercury

Concordia Healthcare Buying Amdipharm Mercury

Canada’s Concordia Healthcare Corp said Tuesday that it agreed to purchase Amdipharm Mercury a drug maker from Cinven a private equity company based in Europe in a deal valuing the company at nearly $3.5 billion, which includes debt. The... 
Critic Attacking Chipotle With a Negative Ad Campaign

Critic Attacking Chipotle With a Negative Ad Campaign

An advocate for consumer rights published an advertisement of a full page in the New York Post as a means of a visual attack against Chipotle the Mexican food fast casual food chain, igniting a social media firestorm. The CCF or Center... 
Travel Jacket Maker Had $20,000 Goal But Received $9 Million

Travel Jacket Maker Had $20,000 Goal But Received $9 Million

With a goal of making the air travel experience much more hassle-free and smoother, BauBax LLC in July launched a campaign for crowdfunding on the Kickstarter site that it needed $20,000 to help its special travel jacket come to life. The... 
Worker Productivity Revised Up for Second Quarter

Worker Productivity Revised Up for Second Quarter

U.S. Productivity during the spring rose at its fastest rate since the latter part of 2013 while the cost of labor declined. Worker productivity was up at an annualized rate of 3.3% during the quarter April through June, reported the... 
CEO Marchionne Fuels Merger Talks Between Fiat Chrysler and GM

CEO Marchionne Fuels Merger Talks Between Fiat Chrysler and GM

CEO of Fiat Chrysler Automobiles Sergio Marchionne is maintaining his campaign of merging with General Motors. Marchionne publicly has pushed for the consolidation, citing the rising cost of production amongst a number of other reasons,... 
Consumer Sentiment Declines in U.S. to Low of Three Months

Consumer Sentiment Declines in U.S. to Low of Three Months

Consumer confidence fell during August to a low of three months as the recent turbulence in the stock market weighed on the outlook of Americans for the economy in the upcoming year. The University of Michigan consumer sentiment index... 
McDonald’s Says No to McWhopper Offer by Burger King

McDonald’s Says No to McWhopper Offer by Burger King

McDonald’s declined a proposal by Burger King to partner in a McWhopper for world peace. The new burger would have combined the elements of the two chains’ famous Whopper and Big Mac burgers to create the McWhopper a new double-decker... 
Gas Prices Have Dropped over the Past Few Weeks

Gas Prices Have Dropped over the Past Few Weeks

Filling up a passenger vehicle in the United States is the cheapest it has been in more than a decade, yet its remains too expensive. The average price of a retail gallon of gas in the U.S. dipped on Sunday to $2.95, which was down... 
Smart Shirt by Ralph Lauren Laden with Sensors

Smart Shirt by Ralph Lauren Laden with Sensors

The sensor-laden shirts by Ralph Lauren are finally being manufactured in masses providing the masses will pay $295 for the workout shirt. At an event held this week in New York City, the brand revealed the pricing as well as availability... 
Jobless Claims Rise, But Analysts See Strong Labor Market

Jobless Claims Rise, But Analysts See Strong Labor Market

Jobless claims have increased for four straight weeks but are still at historical lows. The number of people in the U.S. seeking unemployment benefits for the first time rose just slightly this past week but remained as historical... 
Walmart Lowers Outlook As Profit Comes Up Short

Walmart Lowers Outlook As Profit Comes Up Short

Walmart the world’s largest retailer cuts its forecast for annual profit as it was hurt from a strong U.S. dollar as well as lower margins across the U.S. The company also was hit on more spending for e-commerce and on wages. The... 
Travel Delayed as Flights Grounded Due to Technical Problems

Travel Delayed as Flights Grounded Due to Technical Problems

Technical problems at a Virginia air traffic control center left many passengers stranded due to hundreds of flights to and from different airports across a large around of the northeast were canceled or delayed on Saturday. The Federal... 
Shares of J.C. Penney Increase on Upbeat Earnings

Shares of J.C. Penney Increase on Upbeat Earnings

J.C. Penney shares were up on Friday as the department store retailer continued its effort to turnaround its fortunes by reporting results for the quarter that topped estimates on Wall Street and boosting its guidance for the year. Penney’s... 
GE Selling Healthcare Financial Services to Capital One

GE Selling Healthcare Financial Services to Capital One

General Electric Co reached an agreement with Capital One Financial Corp to sell its healthcare lending business in the U.S. and a large package of loans for $9 billion as part of an effort to streamline its operations. The U.S. based... 
Nokia Prepares Its Mobile Comeback

Nokia Prepares Its Mobile Comeback

Nokia is hiring experts in software, testing new products and looking for sales partners as it is setting up its return to the mobile device and consumer tech segment that it abandoned when it sold its mobile handset business. At one... 
Foxconn Planning Investment of $5 Billion into Maharashtra Plant

Foxconn Planning Investment of $5 Billion into Maharashtra Plant

Foxconn, based in Taiwan, is the largest contract electronics maker in the world and a key supplier for Apple Inc. On Saturday, the company signed a new pact with Maharashtra for an investment of $5 billion over a period of five years...