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Sirius XM Making Big Investment In Pandora

Sirius XM Making Big Investment In Pandora

Reports have emerged that Sirius XM (NASDAQ:SIRI) is making a big investment into Pandora Media (NYSE:P). Sirius will reportedly invest $480 million in Pandora in return for a 19 percent stake in the streaming music service. Jim Meyer,... 
Tax Reform Not Going Quite As Planned

Tax Reform Not Going Quite As Planned

The Republican effort in Congress to reshape the tax system has been moving much more slowly than many had hoped. Republicans started 2017 with high ambitions, seeing as they controlled both houses of Congress and the White House.... 
Western Digital Files Lawsuit To Halt Toshiba Chip Business Sale

Western Digital Files Lawsuit To Halt Toshiba Chip Business Sale

Western Digital Corp. (NASDAQ:WDC) has filed a lawsuit to stop partner Toshiba Corp. (TYO:6502) from selling its chips business without its consent. Western Digital announced on Monday that it had initiated arbitration procedures with... 
Sinclair Broadcast Group Announces Deal For Tribune Media

Sinclair Broadcast Group Announces Deal For Tribune Media

Sinclair Broadcast Group Inc. (NASDAQ:SBGI) announced Monday that it will acquire Tribune Media Co. (NYSE:TRCO) in a multi-billion dollar deal. Sinclair is buying Tribune for $3.9 billion plus the assumption of about $2.7 billion in... 
Starbucks Has A Hit With Its Unicorn Frappuccino

Starbucks Has A Hit With Its Unicorn Frappuccino

Starbucks’ (NASDAQ:SBUX) Unicorn Frappuccino was only available for a few days in April. Now, the company is saying that the short-lived product had a big impact. The colorful frappuccino that changed colors and flavors with... 
Juicero Offering Refunds After Media Firestorm

Juicero Offering Refunds After Media Firestorm

San Francisco-based startup Juicero Inc. is now offering refunds for its juicing machines after nearly a week of bad press. Juicero’s Wi-Fi-enabled machine produces cold-pressed juice out of packets sold exclusively to owners via... 
Will Toshiba Be Next To Go Under?

Will Toshiba Be Next To Go Under?

Toshiba (TOSBF) announced bigger than previously estimated losses for the nine months through December. Toshiba also reported a net loss of 648 billion yen ($5.9 billion) for the quarter ended in December. The Japanese conglomerate... 
McDonald’s Announces Major Change To Menu

McDonald’s Announces Major Change To Menu

McDonald’s (NYSE:MCD) has announced that beginning next year, its Quarter Pounder will contain fresh beef patties, making the switch after several decades of using frozen meat. The switch applies only to the Quarter Pounder and the... 
Uber Suspending Self Driving Car Programs

Uber Suspending Self Driving Car Programs

Uber Technologies Inc. has announced that it is suspending its self-driving car program in Arizona for the foreseeable future. The ride-hailing company is also pausing its Pittsburgh operations. Uber began testing self-driving cars... 
AIG Leader Steps Down, No Successor Named

AIG Leader Steps Down, No Successor Named

American International Group Inc. (NYSE:AIG) CEO Peter Hancock officially announced his departure from the company this week after just two-and-a-half years at the helm. In a statement, Hancock stated that he couldn’t continue... 
J.C. Penney Announces Closure Of Over 100 Stores

J.C. Penney Announces Closure Of Over 100 Stores

J.C. Penney Co. (NYSE:JCP) has announced that it would be closing as many as 140 of its roughly 1,000 stores by June. The stores it is closing represent about 13 percent to 14 percent of its current store count, but less than 5 percent... 
Walt Disney Co. To Take Control Of Euro Disney

Walt Disney Co. To Take Control Of Euro Disney

The Walt Disney Co. (NYSE:DIS) announced a plan to turn around the struggling Euro Disney on Friday. The company plans to buy out all other shareholders to take full control of Euro Disney, which includes the Disneyland Paris theme... 
General Motors And Honda Partner Up On Fuel Cells

General Motors And Honda Partner Up On Fuel Cells

General Motors (NYSE:GM) and Honda (NYSE:HMC) have announced a manufacturing joint venture that will mass produce an advanced hydrogen fuel cell system to be used in future vehicle models. The companies equally split $85 million in... 
Bank of America Reports Mixed Results For Q4

Bank of America Reports Mixed Results For Q4

Bank of America Corp. (NYSE:BAC) reported mixed results for the fourth quarter of its fiscal year. The company reported that its earnings surged 47 percent in the quarter through Dec. 31, rising to $4.34 billion, or 40 cents a share,... 
Ford Ends Plans To Build New Plant In Mexico

Ford Ends Plans To Build New Plant In Mexico

Ford Motor Company (NYSE:F) chief executive Mark Fields has announced that the company has canceled its plans to open a factory in Mexico, preferring to add that work to a plant in Flat Rock, Mich. Ford previously said it would move... 
Regulators Intensify Scrutiny Of Cabela’s – Bass Pro Deal

Regulators Intensify Scrutiny Of Cabela’s – Bass Pro Deal

Cabela’s (NYSE:CAB) has received notice that its planned tie up with Bass Pro Group is set to face additional scrutiny from federal regulators. The U.S. Federal Trade Commission has sent a second request for information to the company... 
Apple And Nokia Take Patent Fight To Next Level

Apple And Nokia Take Patent Fight To Next Level

Nokia (NYSE:NOK) has filed numerous complaints against Apple (NASDAQ:AAPL) in recent days accusing Apple of infringing on Nokia patents. The patent infringement complaints claim Apple has not established licensing deals for Nokia technology... 
Twenty-First Century Fox To Acquire Sky Broadcasting For $14.8B

Twenty-First Century Fox To Acquire Sky Broadcasting For $14.8B

Twenty-First Century Fox (NASDAQ:FOX) has finalized its $14.8-billion cash bid to acquire pay-TV giant Sky broadcasting. Fox reached a preliminary accord last week to buy the nearly 61 percent of Sky that it does not own. Fox announced... 
Volkswagen Scandal Causing Trouble For EU Member States

Volkswagen Scandal Causing Trouble For EU Member States

In a statement announced today, the EU Commission revealed that it would be taking action against EU member states that permitted carmakers to flaunt EU emissions regulations. The EU Commission has announced that it “is taking action... 
Uber Fights Against Transportation Provider Label In Europe

Uber Fights Against Transportation Provider Label In Europe

Uber is defending its business model in Europe’s highest court today. The Court of Justice of the European Union (ECJ) could label Uber a transport company rather than a digital service, a designation that could hobble the company.... 
Macy’s Announces Future Real Estate Plans

Macy’s Announces Future Real Estate Plans

Macy’s (NYSE:M) recently announced a deal with real-estate company Brookfield Asset Management to redevelop 50 of its 800 stores, or roughly 6 percent of its store base. The Starboard hedge fund pushed Macy’s to wring some... 
Samsung’s Woes Greatly Benefit Apple

Samsung’s Woes Greatly Benefit Apple

Apple (NASDAQ:AAPL) is now the most profitable smartphone seller in the world by far. In the third quarter of 2016, Apple took 103.6 percent of the profits from all smartphone sales, according to estimates. Samsung was barely profitable... 
Tesla Unveils New Solar Products

Tesla Unveils New Solar Products

Tesla (NASDAQ:TSLA) Chairman and CEO Elon Musk wants to expand from electric vehicles to clean energy systems for homes and offices. Edging closer to that goal, the company unveiled new solar panel tiles and energy storage units for... 
Goldman Sachs Tops Income And Revenue Predictions

Goldman Sachs Tops Income And Revenue Predictions

Goldman Sachs (NYSE:GS) reported third-quarter earnings that easily beat the predictions of Wall Street analysts. The bank reported a 58 percent increase in its net income for the third quarter of 2016, earning a profit of $2.1 billion,... 
Flights Delayed Worldwide After United Airlines Computer Glitch

Flights Delayed Worldwide After United Airlines Computer Glitch

A computer glitch temporarily halted departures at United Airlines (NYSE:UAL) late Thursday, leaving thousands of passengers delayed worldwide. The widespread delays were caused by two separate problems with United Airlines’... 
Viacom, CBS Form Independent Committees To Consider Merger

Viacom, CBS Form Independent Committees To Consider Merger

Viacom (NASDAQ:VIA) has formed an independent board committee to review a proposed merger with CBS. National Amusements formally urged the companies to explore an all-stock recombination in a letter last week. National Amusements is... 
American Express Wins In Appeals Court

American Express Wins In Appeals Court

A federal appeals court has ruled that American Express (NYSE:AXP) can block merchants that accept its cards from steering customers toward lower-cost cards from other issuers. The provisions in American Express’ merchant agreements... 
Wells Fargo Scandal Shines Harsh Spotlight On Bank Practices

Wells Fargo Scandal Shines Harsh Spotlight On Bank Practices

Wells Fargo & Co. (NYSE:WFC) is finding its policies under a harsh spotlight after the bank found itself entangled in a scandal over the opening of fraudulent accounts by its employees. A federal regulator and the Los Angeles... 
Tech Giants Join Microsoft In Fight Against DOJ

Tech Giants Join Microsoft In Fight Against DOJ

Microsoft (NASDAQ:MSFT) has lots of allies in its fight against government intrusion. Tech giants Apple, Amazon, and Google have announced their support for Microsoft in its legal fight with the U.S. Department of Justice. News organizations... 
7,000 Wal-Mart Employees To Lose Jobs

7,000 Wal-Mart Employees To Lose Jobs

Wal-Mart Stores Inc. (NYSE:WMT) has announced plans to eliminate nearly 7,000 employment positions across its companies over the next several months. The job cuts will affect thousands of back-office positions around the country, including... 
Amazon Launches New Car Comparison Site

Amazon Launches New Car Comparison Site

Amazon (NASDAQ:AMZN) has launched a new car comparison site called Amazon Vehicles. The company’s press release says, “Finding cars on Amazon Vehicles is simple — just search like you would any other product.” The platform... 
Clinton Campaign Enlists “Dreamers” To Woo Latinos

Clinton Campaign Enlists “Dreamers” To Woo Latinos

A new voter registration drive by Hillary Clinton’s presidential campaign is enlisting undocumented “Dreamers” to reach the Latino community. The new national voter registration program, called “Mi Sueño, Tu Voto/My Dream,... 
New BMW Ad Teases Electric Car Competition

New BMW Ad Teases Electric Car Competition

BMW launched a couple of advertisements poking fun at its electric car competition as it gets ready to start selling its 330e iPerformance plug-in hybrid. The 330e iPerformance PHEV goes on sale this summer and will start at $44,695. One... 
Merck Reports Increases In Profit And Revenue

Merck Reports Increases In Profit And Revenue

Merck & Co. (NYSE:MRK) posted an unexpected increase in second-quarter revenue and an increased profit versus a year-earlier period. For the quarter, the company posted a profit of $1.21 billion, up 75 percent from $687 million... 
Dunkin’ Brands Sees Income And Revenue Rise In Second Quarter

Dunkin’ Brands Sees Income And Revenue Rise In Second Quarter

Dunkin’ Brands Group Inc. (NASDAQ:DNKN) reported increases in both income and revenue for the second quarter of its fiscal year. The company reported that net income was up 17.2 percent, rising to $49.6 million, or 57 cents per share,... 
Nintendo Gets Big Boost From Pokemon Go

Nintendo Gets Big Boost From Pokemon Go

Nintendo (NTDOY) shares got a big boost on Monday on the strength of its new Pokemon Go app. Shares of the company closed up 24.52 percent on Monday, rising to 20,260 yen ($199.70) a share. On Friday, the company’s stock rose 8.9... 
Chipotle Launches Long Awaited Rewards Program

Chipotle Launches Long Awaited Rewards Program

Chipotle (NYSE:CMG) will officially launch its first-ever rewards program on July 1. The new program is named Chiptopia Summer Rewards and will last for three months, July through September. You can get a rewards card at a restaurant,... 
Criminal Probe Into Emissions Scandal Targets Former VW CEO

Criminal Probe Into Emissions Scandal Targets Former VW CEO

Volkswagen (VLKAY) former CEO Martin Winterkorn has been revealed to be the target of a criminal investigation into the automaker’s diesel-emissions scandal. German prosecutors are investigating whether Winterkorn violated securities... 
Mixed Results For Lululemon For First Quarter

Mixed Results For Lululemon For First Quarter

Lululemon Athletica Inc. (NASDAQ:LULU) reported mixed results on its earnings call for the first quarter of its fiscal year. Lululemon’s total revenue increased 17 percent to $495.5 million, beating analysts’ estimates of $487.72... 
Starbucks Announces Tea Partnership With Anheuser-Busch

Starbucks Announces Tea Partnership With Anheuser-Busch

Starbucks Corp. (NASDAQ:SBUX), one of the largest coffee companies in the United States, is teaming up with Anheuser-Busch InBev NV (NYSE:BUD), one of the nation’s biggest beer brewers, to create a bottled version of its Teavana...