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Starbucks Employee Rants at Customer, No Longer Working
An employee at Starbucks in Queens, New York was suspended and is no longer working for the company after a video was posted on social media giant Facebook of her yelling at and berating a customer. The video starts with the employees... More of this article »
Consumer Sentiment Drops the Most in More Than Two Years
Consumer sentiment in the U.S. fell unexpectedly during May by is most in over two years as the economy was viewed by Americans in a bad light. The preliminary index of sentiment from the University of Michigan dropped from 95.9 during... More of this article »
Nissan Profit Increases on Growth in Sales and Cost Cutting
Nissan Motor Company the second largest automaker in Japan said it is expecting its operating profit to increase by 15% during the current financial year, It forecasted its sales growth for vehicles in most of its regions and promised... More of this article »
Noble Energy Acquiring Rosetta Resources in a $2 billion Deal
Noble Energy the natural gas and oil producer said it was purchasing Rosetta Resources for $2 billion, which highlights a consolidation driven by the steep fall in oil prices around the globe. The deal would give Noble an entry into... More of this article »
April Inflation in China Remained Muted
China’s inflation was muted more than expected during April and producer prices dropped for the 37th straight month, which added to concerns over growing deflationary pressure that likely will trigger further easing measures by the... More of this article »
Jobless Claims Near Low of 15 Years
The number of people in the U.S. filing new claims for benefits for unemployment rose last week marginally, but stayed close to a low of 15-years in a sign the labor market continues to get stronger despite only moderate growth in... More of this article »
Panera Dropping 150 Artificial Ingredients
Panera Bread Co has committed to removing more that 150 artificial colors, sweeteners, preservatives and flavors from its menu before the end of 2016. This is the latest move by a large food company in response to a shift by consumers... More of this article »
David Goldberg dies at 47
Best known for being the husband of the COO at Facebook Sheryl Sandberg, Dave Goldberg, died Friday at the age of 47. However, few know he was royalty in Silicon Valley as well. He sold to Yahoo a music streaming company when he was... More of this article »
Chevron Profit Passes Expectations
Natural gas and oil producer Chevron Corp reported a drop of 43% in profit for the quarter on Friday, although its results were able to beat expectations on Wall Street as cost cutting and robust margins in refining helped to offset... More of this article »
Time Warner Tops Estimates on Earnings
Time Warner Inc posted revenue and profit growth that was better than had been expected for the first quarter as its programming for March Madness helped to drive a growth in audience in its Turner segment. Time Warner announced that... More of this article »
Avengers Opens With Huge Haul of $201.1 Million Overseas
Marvel and Disney’s super team adventure was the film with the highest grossing weekend everywhere it debuted and has rolled out now in over 55% of the international market, which included such major locations as Italy, France, Germany,... More of this article »
FTC Settles with Company That Tracks Consumers Via Smartphones
The U.S. Federal Trade Commission and Nomi Technologies reached a settlement, after the U.S. regulatory agency says the company did not abide by its promises to allow consumers the option of not being tracked while shopping. This week’s... More of this article »
Union Pacific Misses On Profit Following Port Gridlock
Union Pacific Corp the largest railroad in the U.S. posted sales and profit for the first quarter that missed estimates on Wall Street as the port congestion on the West Coast and slack demand for coal caused the number of carloads... More of this article »
Strong U.S. Dollar Weakens Sales at DuPont
DuPont has topped forecasts for its first quarter earnings, but its sales dropped by 9% after being dragged down by the adverse impacts of currency from the strong U.S. dollar. The company makes and sells chemicals, seeds, and food... More of this article »
GoPro Founder Ranked No. 1 as Highest Paid Executive
CEO and co-founder of GoPro Inc, Nick Woodman is set to become North America’s highest paid executive. The former surfer now entrepreneur was given restricted stock units from by GoPro that were worth $284 million at the start of... More of this article »
Airlines Cut Routes to Moscow As Isolation Grows
Carriers have started to scratch flights as the amount of foreigners visiting drops and the plummeting ruble keeps vacationers in the country at home. In 2012, easyJet the discount airline based in Britain beat Virgin Atlantic Airways... More of this article »
Segway Purchased by Ninebot a Chinese Rival
Segway has been acquired by a rival from China. Ninebot, based in Beijing established during 2012 announced on Wednesday that it purchased Segway having been accused previously of patent infringement by the U.S. based company. The... More of this article »
Games of Thrones, Marvel and Star Wars Going Mobile
This weekend fanatics for Daredevil the new Marvel series on Netflix, Game of Thrones and Star Wars will all be able to be watched on smartphones, as three of the biggest franchises in pop culture have expanded their brands to another... More of this article »
RealReal the Luxury Reseller Online Raises $40 Million
The RealReal has built a business of $100 million around second hand Christian Louboutin pumps and Chanel flap bags. Now the company wants to double its size using new venture funding to achieve that goal. The online consignment store... More of this article »
EE Offering Call Service on WiFi to Compete with WhatsApp
EE the mobile operator based in the UK launched a service for WiFi calls that allows its customers to voice calls and to send out text messages through a WiFi network. The WiFi Calling offered by EE will debut on the new Samsung Galaxy... More of this article »
Apple: No Apple Watch Walk-in Purchases
Everyone knew that the new Apple Watch would be available in limited quantities on the day of its launch, but no one knew just how limited it would be or how long the supply would last. Apple finally has announced a few additional... More of this article »
Startup Hoping to Compete with Lululemon Raises Millions
Rishi and Tapasya Bali who are brother and sister grew up in India in the foothills of the Himalayas, an area often called the birthplace of yoga. Both were working on Wall Street but quit in 2010 to start a new company that would... More of this article »
U.S. Manufacturing Records Fifth Consecutive Slowdown
Manufacturers in the U.S. reported March activity had slowed for the fifth straight month according to an Institute of Supply Management survey released on Wednesday. The manufacturing purchasing manager’s index from ISM dropped... More of this article »
British Airways Possible Security Breach
British Airways customers over the past few days have found that the points they have accumulated for their flights known as Avios have been disappearing for their private accounts. Others were not able to enter their accounts at all. Affected... More of this article »
SpiceJet Short of Aircraft for Flights
SpiceJet Ltd the low-cost carrier will have to cancel over 20% of its daily flights if it does not reach an agreement with lessors for more aircraft by the end of March, a spokesperson for the company said on Saturday. SpiceJet, which... More of this article »
Jobless Claims Fall to Lowest in Past Five Weeks
Less Americans than were forecasted filed for unemployment benefits the past week as improved conditions with the weather ushered in more stabilization in the labor market. Jobless claims dropped 9,000 to only 282,000 for the seven-day... More of this article »
McCormick Profit Drops, Results Beat Street
One Wednesday, McCormick & Co, the seasonings and spices maker reported profit during its first quarter that was down compared to last year, despite a growth in sales, hurt due to charges as well as shrinking margins amidst higher... More of this article »
Folic Acid Could Reduce Risk of Stroke
In what might be the largest study of this kind, researchers reviewed over 20,000 patients who were being monitored already for high blood pressure and were taking enalapril a hypertension medication. Some of the patients had histories... More of this article »
American Airlines to Join S&P 500
American Airlines Group will become a part of the S&P 500 starting Friday, when it replaces Allergan after it officially is acquired by Actavis in a deal that should be completed on Tuesday. American’s stock on Tuesday opened... More of this article »
Record Deal in Sale of GE Finance
In one of Australia’s largest ever transactions, a consortium of KKR & Co a private equity company, Varde Partners an alternative investment manager and Deutsche Bank agreed to acquire the Australia and New Zealand consumer-lending... More of this article »
Swedish Authorities Could Question Assange At Ecuadorian Embassy
Prosecutors in Sweden have made a huge concession in the investigation of WikiLeaks founder Julian Assange. The Swedish authorities have offered to question Assange at his sanctuary in London, the Ecuadorian embassy, about alleged... More of this article »
Barnes & Noble Tax Bill Take Bite Out of Profit
Quarterly profit at Barnes & Noble missed estimates by analysts as the chain of bookstores invested in its business specializing in college books prior to its spinoff and paid more in taxes. Barnes & Noble, which last month... More of this article »
HBO Streaming Service Launching in April
A new report says that HBO will be launching its own standalone streaming service that will be named HBO Now. According to this new report, the service is to be launched sometime in April in time for the Game of Thrones season five... More of this article »
Miami Mall Will Be Country’s Largest
Triple Five Group mall administrator and holder based in Canada is preparing to construct the largest shopping center in the United States called the American Dream Miami Mall. The organization, based in Edmonton, Alberta already holds... More of this article »
AbbVie Beats Johnson & Johnson for Cancer Therapy
AbbVie Inc through its last minute bid clinched the acquisition for $21 billion for Pharmacyclics, Inc and gained control of blood cancer therapy. North Chicago, Illinois based AbbVie will pay a per share price of $261.25 using a mix... More of this article »
Google Confirms Wireless Service
Google Inc announced it has plans to launch a wireless service in the U.S. This raises a risk of creating tension between the Internet giant and the other wireless carriers that support its mobile Android OS. The service said Google... More of this article »
Oregon to Consider Banning Exemptions for Vaccines
The state of Oregon is considering an amendment to a bill that takes aims at the highest rates in the country of vaccine exemptions that are non-medical. If the bill is to pass, Oregon would be joining West Virginia and Mississippi... More of this article »
Microsoft Shuttering Factories in China
Microsoft will close more Nokia factories located in China. The shutdown is seen as part of the global restructuring of Microsoft is carrying out of Nokia after its purchase of the company last year. Microsoft will shutter its Nokia... More of this article »