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Noodles & Co Executive Dropping Soup for Hot Dogs
Noodles & Co the fast casual restaurant operator is losing a top executive to one of its competitors. The executive is reportedly to run Portillo’s Restaurant Group a seller of hot dogs that is backed by private equity money. Noodles... More of this article »
10,000 Dogs to be Slaughtered and Eaten for Chinese Festival
The Yulin Dog Festival, an annual festival held in the Chinese province of Guangxi, has been the target of moral outrage for years. On June 21st, over 10,000 dogs will be killed, cooked and eaten for the festival, which is held on... More of this article »
Mylan Following Tax Inversion Does Not Want to be Foreigner
Mylan NV moved its corporate domicile overseas earlier this year in order to lower the amount of U.S. taxes it pays, but it is now asking the government in the U.S. for help in fighting off a hostile takeover. Thus far, there has been... More of this article »
Rite Aid Cuts Profit Outlook
On Thursday, Rite Aid Corp lowered its profit outlook for the full year after reporting earnings for its first quarter that were worse than had been expected, hurt by taxes related to an acquisition that is pending and interest costs. The... More of this article »
Prime Minister of Greece Rips into Country’s Lenders
Alexis Tsipras the Prime Minister of Greece has lashed out at his country’s creditors Tuesday accusing them of attempting to humiliate the Greeks as he has defied a number of warnings that Europe is preparing for Greece to leave... More of this article »
Profits at Airlines Soar as Prices of Fuel Drop
At a top airline, executives’ meeting this past week in Miami the word every executive had on his or her lips was discipline, which translates to few seats, high ticket prices, and larger profits. Despite plunging fuel costs, the... More of this article »
Twitter CEO Stepping Down July 1
Twitter Inc has announced that CEO Dick Costolo will step down from his position July 1. Investors received the announcement with optimism as shares were up in both premarket trading and midday trading for the 140-character micro-blogging... More of this article »
Supplier of Eggs for Costco Accused of Animal Abuse
The Human Society is alleging inhumane practices at the Hillandale Farms located in Gettysburg, Pennsylvania. The group said that an activist who was undercover was hired as an employee at the farm and recorded video in April and May... More of this article »
McDonald’s Comparable Sales in May Drop Less Than Expected
McDonald’s Corp posted a drop in its worldwide sales at comparable stores that were less than had been expected during May, as European sales were able to offset a drop in the U.S. Shares at the biggest burger chain in the world... More of this article »
Greg Penner Takes Over as Walmart Chairman of the Board
At Walmart, an era ended this week, when founder Sam Walton’s son Rob Walton stepped down from his position as board chairman of the retailer turning that position over to son in law Greg Penner. The change was announced during the... More of this article »
Jobless Claims in U.S. Dropped Last Week
Fewer people last week filed for unemployment benefits, which signaled the job market in the U.S. remains strong, ever after a plunge in growth at the beginning of the year. Claims for jobless benefits dropped by 8.000 down to 276,000... More of this article »
Euro Strengthens on Greek Deal Optimism
The euro has strengthened on Tuesday versus the U.S. dollar, which was headed on Tuesday to post its largest loss of one day against one currency since the middle of March, on the expectation that Greece was close to reaching a deal... More of this article »
Bank of America Paying $30 Million Fine for Debt Collection Methods
Bank of America is to be fined $30 million for the violation of the consumer’s protection with regard to collecting debt from military personnel. Treasury Department division, the Office of the Comptroller of the Currency made the... More of this article »
Eli Lilly and AstraZeneca Testing New Combination of Cancer Drug
Eli Lilly and AstraZeneca are combining two cancer drugs in a clinical trial against tumors that are solid in the latest sign such cocktails might be what lies ahead in fighting the deadly disease. The experimental AstraZeneca antiPD-L1... More of this article »
Charter Communications Closing in on Time Warner Cable Deal
Charter Communications is closing in on a deal to acquire Time Warner Cable for $55 billion that would boost the cable operator up to the rank of one of the largest pay television and broadband companies in the U.S., creating a potent... More of this article »
Richest Man in China Loses $15 Billion in An Hour
Li Hejun the richest man in China had a bad week this past week. The chairman of Hanergy the solar panel company lost over $15 billion Wednesday when company shares dropped by 47% in trading on the Hong Kong exchange in just over an... More of this article »
TJX Increases Profit for Full Year Forecast
TJX Cos., the owners of Marshalls and TJ Maxx, the off price chains, has announced it raised its comparable sales and profit forecast, for the full year after being encouraged by more shoppers hungry for bargains and visiting their... More of this article »
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 »
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 »