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Coca-Cola Adds New Products To Powerade Lineup

Coca-Cola Adds New Products To Powerade Lineup

Coca-Cola Co.’s (NYSE: KO) Powerade brand has revealed that it is launching two new products this year. The brand announced the addition of Powerade Power Water and Powerade Ultra to its portfolio this week. Both products are... 
MGM Resorts Selling MGM Grand, Mandalay Bay Real Estate

MGM Resorts Selling MGM Grand, Mandalay Bay Real Estate

MGM Resorts International (NYSE: MGM) is selling the real estate of the MGM Grand and Mandalay Bay resorts and casinos on the Las Vegas Strip. The deal values the properties at $4.6 billion, with MGM Grand’s real-estate assets... 
General Motors Reviving Hummer As Electric Vehicle

General Motors Reviving Hummer As Electric Vehicle

General Motors Co. (NYSE: GM) is bringing back the Hummer as an all-electric pickup truck under the overall GMC brand. According to news reports, the new Jeep-like Hummer will be available beginning in 2022. Specific details of... 
Samsung Reports 6.7 Million 5G Smartphones Sold In 2019

Samsung Reports 6.7 Million 5G Smartphones Sold In 2019

Samsung sold 6.7 million 5G smartphones worldwide in 2019 between the Galaxy S10 5G and the Galaxy Note 10 Plus 5G, marking better than expected sales for the company. Samsung only expected to sell 4 million 5G devices total by... 
Lyft Launching Car Rental Service

Lyft Launching Car Rental Service

Lyft Inc. (NASDAQ: LYFT) has announced that it is launching a car rental service that will be accessed through its app in the near future. In a blog post announcing the new initiative, Lyft said, “With Lyft Rentals, we’re... 
Google’s Deal For Fitbit Under Review

Google’s Deal For Fitbit Under Review

The U.S. Justice Department is reportedly planning to review plans by Alphabet-owned Google (NASDAQ: GOOG) to buy fitness tracker maker Fitbit Inc. (NYSE: FIT) over possible antitrust issues. The $2.1 billion deal, announced on... 
Kroger And Walgreens To Partner On Procurement

Kroger And Walgreens To Partner On Procurement

The Kroger Co. (NYSE: KR) and Walgreens Boots Alliance (NASDAQ: WBA) are forming a partnership, called the Retail Procurement Alliance, to cut costs by sourcing more merchandise together. Walgreens, the nation’s largest... 
Ericsson Settles U.S. Bribery Charges

Ericsson Settles U.S. Bribery Charges

Ericsson (NASDAQ: ERIC) has agreed to pay $1.2 billion to resolve a bribery case brought by U.S. authorities, according to an announcement by the Justice Department. The Swedish telecommunications firm had been charged with conspiracies... 
EBay Selling StubHub To Viagogo

EBay Selling StubHub To Viagogo

EBay Inc. (NASDAQ: EBAY ) has announced its intentions to sell its StubHub ticketing platform to Swiss ticket vendor Viagogo for $4.05 billion in cash. The sale is expected to close by the end of the first quarter, subject to... 
World’s Biggest Starbucks Opens In Chicago

World’s Biggest Starbucks Opens In Chicago

Starbucks Corp.’s (NASDAQ: SBUX) largest Roastery location in the world had its grand opening in Chicago this week. The new five-story, 35,000-square-foot superstore is located at 646 N. Michigan Avenue in the city’s Magnificent... 
UAW Workers Accept New Ford Contract

UAW Workers Accept New Ford Contract

Members of the United Auto Workers (UAW) have approved a new four-year deal with Ford Motor Co. (NYSE: F) after two weeks of voting with little drama or controversy. An estimated 55,000 UAW-represented hourly workers in Ford manufacturing... 
Feds Investigating Under Armour’s Accounting Practices

Feds Investigating Under Armour’s Accounting Practices

The Justice Department and the Securities and Exchange Commission (SEC) have both launched federal investigations into Under Armour over its accounting practices. The Justice Department has begun a criminal investigation and is... 
Starbucks Meets Fourth Quarter Expectations

Starbucks Meets Fourth Quarter Expectations

Starbucks Corp. (NASDAQ: SBUX) has reported fiscal fourth-quarter results that met analysts’ expectations. The coffee chain reported fiscal fourth-quarter net income of $802.9 million, or 67 cents per share, up from $755.8 million,... 
Amazon’s Spending On Shipping Hurts Profits

Amazon’s Spending On Shipping Hurts Profits

Amazon.com Inc.’s (NASDAQ: AMZN) bold plan to speed up its shipping is costing it a lot of money. Its expenses have risen so high that its third-quarter earnings badly missed expectations, despite better-than-expected sales.... 
Anheuser-Busch Accuses MillerCoors Of Corporate Espionage

Anheuser-Busch Accuses MillerCoors Of Corporate Espionage

Anheuser-Busch InBev (NYSE: BUD) has accused MillerCoors, part of the Molson Coors Brewing Co. (NYSE: TAP), of obtaining “misappropriated trade secrets” in an ongoing federal lawsuit. MillerCoors apparently acquired full recipes... 
MGM Resorts Makes Deals To Sell Two Las Vegas Casinos

MGM Resorts Makes Deals To Sell Two Las Vegas Casinos

MGM Resorts International (NYSE: MGM) has made deals to sell two of its casinos on the Las Vegas Strip. The deals are expected to close by the end of the year, subject to regulatory approvals, and net the company roughly $5 billion,... 
School Districts Sue Juul Over Teen Addiction

School Districts Sue Juul Over Teen Addiction

Three school districts have filed lawsuits against Juul Labs, the e-cigarette manufacturer, over the current epidemic of teenage vaping. The school systems in St. Charles, Mo., Olathe, Kan., and on Long Island have accused Juul... 
Forever 21 Files For Bankruptcy

Forever 21 Files For Bankruptcy

Clothing chain Forever 21 is filing for Chapter 11 bankruptcy, according to a statement from the company. The company has not said how employees will be impacted, but it is planning to close nearly a quarter of its nearly 800... 
GM And Union Said To Be Close To Deal

GM And Union Said To Be Close To Deal

The United Auto Workers strike at General Motors (NYSE: GM) continues, but so do the negotiations. Nearly 50,000 union workers walked off their jobs on Sept. 15, starting a nationwide strike. Now, sources are saying some headway has... 
Thomas Cook Collapse Strands Passengers Around The World

Thomas Cook Collapse Strands Passengers Around The World

British tour operator and airline Thomas Cook abruptly collapsed, leaving hundreds of thousands of travelers stranded around the world. Thomas Cook had struggled financially for some time and announced its closing after negotiations... 
Apple Makes Additional $250 Million Investment In Corning Inc.

Apple Makes Additional $250 Million Investment In Corning Inc.

Apple Inc. (NASDAQ: AAPL) is awarding Corning Inc. (NYSE: GLW) $250 million to support the company’s continued work developing glass for iPhones and other Apple devices. The grant is coming from Apple’s $5 billion Advanced... 
UPS To Hire 100,000 Workers For The Holidays

UPS To Hire 100,000 Workers For The Holidays

United Parcel Service, Inc. (NYSE: UPS) is looking to employ 100,000 seasonal employees for the upcoming holiday season. At thousands of locations across the country, the company will be looking for package handlers, drivers,... 
Sears Announces More Cuts To Jobs And Stores

Sears Announces More Cuts To Jobs And Stores

Sears is continuing on its cost-cutting spree, announcing additional layoffs at its corporate headquarters in Hoffman Estates, Illinois and more store closures for the coming year. The company has been aggressively slimming down... 
Airbnb Reaches Deal With Boston

Airbnb Reaches Deal With Boston

The city of Boston and short-term rental firm Airbnb have reached a deal on regulating rental properties in the city. The new short-term rental regulations that have been agreed to are designed to let the home-sharing industry... 
GameStop Lays Off More Than 100 Staffers

GameStop Lays Off More Than 100 Staffers

GameStop Corp. (NYSE: GME), a video game and gaming merchandise retailer, has announced laying off over a hundred employees at its corporate headquarters in Grapevine, Texas and its subsidiary Game Informer magazine in Minnesota.... 
Lord & Taylor Up For Strategic Alternatives Review by Hudson’s Bay

Lord & Taylor Up For Strategic Alternatives Review by Hudson’s Bay

Statistics are showing that more people are buying online rather than taking the time for shopping trips to the malls or brick and motor establishments like Lord & Taylor which has put Hudson’s Bay Company (HBC) its parent... 
Kraft Announces New Mother’s Day Free Childcare Promotion

Kraft Announces New Mother’s Day Free Childcare Promotion

This Mother’s Day, make sure you don’t forget Kraft.  The company behind the immensely successful sliced and individually-wrapped American cheese singles announced, this week, it would like to pay your childcare... 
Altria’s Investment in Cannabis Sinks Profits

Altria’s Investment in Cannabis Sinks Profits

Atria’s surprising investment into Canadian cannabis company, Cronos, did not pan out as they had hoped, eating into the major tobacco company’s first-quarter profits.  According to a statement, made Thursday, first-quarter... 
Occidental Petroleum Makes bid For Anadarko

Occidental Petroleum Makes bid For Anadarko

Occidental Petroleum made a bid for Andarko Petroleum, on Wednesday, for a value of $76 per share. This is higher than another offer, made by Chevron, to scoop up the oil and gas driller. Sent by letter to Andarko’s board, Wednesday,... 
Stocks Nearing All-Time High

Stocks Nearing All-Time High

US markets rallied with both the Standard and Poors 500 and the Nasdaq Composite closing near record highs and Wall Street celebrated stronger-than-expected quarterly profits from some of the biggest publicly traded companies... 
Kohl’s Shares Up With Expansion of Amazon Returns Program

Kohl’s Shares Up With Expansion of Amazon Returns Program

Shares of retailer Kohl’s jumped nearly 9 percent, to $73.47, on Tuesday with word that consumers will soon be able to bring Amazon returns to any of the company’s 1,200—or so—stores.  The pilot program is only...