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Disney Adjusts CEO Bob Iger’s Pay Down to $47.5 Million

Disney Adjusts CEO Bob Iger’s Pay Down to $47.5 Million

Chief executive of Disney, Bob Iger, received $47.5 million in compensation in 2019. Now, that might sound like a lot of money—and it is, under normal circumstances—but it was actually 28 percent less than what he received... 
Best Buy Board of Directors Investigating CEO Corie Barry Over Misconduct Allegations

Best Buy Board of Directors Investigating CEO Corie Barry Over Misconduct Allegations

The board of directors at Best Buy Co is currently investigating allegations that chief executive Corie Barry had what is considered an inappropriate relationship with a colleague who then left the company just before Barry accepted... 
Bankruptcy filed by Borden one of America’s oldest milk producers

Bankruptcy filed by Borden one of America’s oldest milk producers

Elsie the Cow is bellowing a sad moo today as Borden Dairy Co., founded before the Civil War has filed for bankruptcy due to tumbling milk consumption and the rising price of milk which has crippled the dairy industry with debt. Borden... 
PayPal Set to Acquire Honey for $4 Billion

PayPal Set to Acquire Honey for $4 Billion

Four billion dollars is a lot of money but, apparently, it is not enough to stop PayPal Holdings Inc from acquiring the online discount shopping platform Honey.  And analysts seem to agree, as they note PayPal should... 
Record $38.4 billion in sales for China’s Alibaba on Singles Day

Record $38.4 billion in sales for China’s Alibaba on Singles Day

Market analysts were predicting on Monday that China’s Alibaba, a multi-conglomerate, global business would hit $37 billion in sales on Nov. 11, dubbed Singles Day or 11/11 Global Shopping Festival or Double 11 Day. Instead... 
GrubHub Shares Down 40 Percent As Business Slips

GrubHub Shares Down 40 Percent As Business Slips

The food delivery business is highly competitive, so much in fact that one of the industry pioneers has hit on a few struggles.  As a matter of fact, share price of GrubHub fell more than 40 percent this week, to hit... 
Target Expects Busy Holiday Season With Early Promotions and Hiring Boost

Target Expects Busy Holiday Season With Early Promotions and Hiring Boost

With the back-to-school season now past us, retailers are turning their attention to the rest of the busiest part of the year, a season that starts with Halloween and carries on through the New Year.  Accordingly, retailers... 
Procter & Gamble Earnings and Sales Beat Quarter Estimates, Boosting Shares

Procter & Gamble Earnings and Sales Beat Quarter Estimates, Boosting Shares

Procter & Gamble reported, this week, strong quarterly earnings, besting both top and bottom line analyst expectations. This helped the company to bump sales and earnings outlook for the whole year.   The consumer... 
GE Announce Pension Freeze for at 20,000 Workers

GE Announce Pension Freeze for at 20,000 Workers

Industrial industry giant General Electric announced, this week, a plan to freeze pension benefits for approximately 20,000 employees, an attempt to reduce its mounting debt and improve its overall balance sheet.  With... 
Lawsuit Alleges AT&T Inflated DirecTV Subscription Counts To Mislead Investors

Lawsuit Alleges AT&T Inflated DirecTV Subscription Counts To Mislead Investors

Shareholders have recently filed a complaint that media conglomerate AT&T has encouraged employees to create fake accounts for its DirecTV Now streaming service in order to inflate subscriber numbers in an attempt to mislead... 
GameStop Misses On Earnings, Cuts Forecast; Shares Plummet

GameStop Misses On Earnings, Cuts Forecast; Shares Plummet

In an attempt to make the company more stable financially, GameStop CEO George Sherman recently cut out quarterly dividend payments.  This is an important move for the company leader as they look for any type of stability... 
VW Group To Settle Inflated Fuel Economy Data Lawsuit

VW Group To Settle Inflated Fuel Economy Data Lawsuit

To close out last week, Volkswagen Group of America said it has reached an agreement with several thousand US customers regarding allegations of inflated fuel economy data on roughly 98,000 gas-powered vehicles in four of its... 
Nabriva Therapeutics Gets FDA Approval for New Bacterial Pneumonia Drug

Nabriva Therapeutics Gets FDA Approval for New Bacterial Pneumonia Drug

Drug-resistant bacteria is quickly becoming the scourge of this generation, an unfortunate development that could become quite a dangerous epidemic.  As such, medical scientists continue to work on new treatments that... 
Deere Cuts Costs to Compensate For Trade War Concerns

Deere Cuts Costs to Compensate For Trade War Concerns

American farmers continue to express increasing concern over the current US trade war with China.  This has turned out to be quite a big problem for the agriculture equipment company Deere & Co.  This week,... 
Disney Shares Dip on Earnings Miss Ahead of Streaming Launch

Disney Shares Dip on Earnings Miss Ahead of Streaming Launch

In a surprising announcement, Disney reported third-quarter results fell short of expectations, mostly on the outcome of rising costs for the entertainment conglomerate.  It seems these mounting costs are likely related... 
Does Bankruptcy Mean the End for Barneys New York?

Does Bankruptcy Mean the End for Barneys New York?

Luxury department store Barneys New York has revealed they are preparing for bankruptcy. The world famous chain has not been impervious to the recent struggles befallen to much of the retail world and, as such, are definitely... 
Compass Raises $370 Million in Funding, Valuation Now $6.4 Billion

Compass Raises $370 Million in Funding, Valuation Now $6.4 Billion

The high-tech real estate brokerage firm Compass has acquired even more cash, which will definitely help the innovative company to continue building out its technological platform and grow its engineering hubs on both US seaboards.  Early... 
Amazon Shares Fall on Disappointing Earnings

Amazon Shares Fall on Disappointing Earnings

In its second-quarter earnings release, Amazon reported mixed results that did not meet profit expectations for the first time in history.  While the online marketplace did exceed revenue forecasts, this surprising data... 
Strong Earnings and Higher Dividend Boosts Delta’s Second Quarter

Strong Earnings and Higher Dividend Boosts Delta’s Second Quarter

To close out the week, Delta Airlines reported a record-setting second quarter that also beat Wall Street estimates, as earnings were boosted by stronger demand with the summer travel season now in full-swing. Accordingly,... 
Hospitality Innovator Sonder Reaches Unicorn Status with Latest Round of Funding

Hospitality Innovator Sonder Reaches Unicorn Status with Latest Round of Funding

On Thursday, the short-term rental startup Sonder announced the completion of a $210 million round of series D funding. This totals the company’s funding at more than $400 million and puts the company’s valuation at more than... 
Bristol-Myers Still Waiting For FTC Approval of Celgene Takeover

Bristol-Myers Still Waiting For FTC Approval of Celgene Takeover

Shares of Bristol-Myers Squibb took a big dip to start the week after the group announced the US Federal Trade Commission (FTC) is still examining their proposed $74 billion acquisition of cancer specialist Celgene Corporation.  Offering... 
Suicide Among Younger Americans Are on the Rise

Suicide Among Younger Americans Are on the Rise

Suicide rates among adolescents and young adults, in the United States have skyrocketed to their highest level in almost twenty years. According to a new study, there were 47 percent more suicides in 2017, among people between... 
Even Healthy Eating Can Become Obsessive for Those With Orthorexia

Even Healthy Eating Can Become Obsessive for Those With Orthorexia

Too much of a good thing can, in fact, be not-so-good for you.  A new study has identified, surprisingly, eating healthy can turn into a non-stop obsession much like many other types of addiction.   The... 
National Beverage Corporation Shares Plummet on New LaCroix BPA Lawsuit

National Beverage Corporation Shares Plummet on New LaCroix BPA Lawsuit

Sparkling water company LaCroix is facing another lawsuit over allegations that parent company National Beverage Corporation has misrepresented that cans of the fizzy drink is completely free of Bisphenol A. You might know... 
Beyond Meat Shares Take A Tumble on JP Morgan Downgrade

Beyond Meat Shares Take A Tumble on JP Morgan Downgrade

Shares for Beyond Meat took quite the spill on Tuesday after JP Morgan Chase analyst Ken Goldman slashed his rating for the alternative meat company from Neutral to Overweight.  He cites concern over the stock’s inflated... 
Fiat Chrysler and Renault Consider Merger

Fiat Chrysler and Renault Consider Merger

Over the past week, Fiat Chrysler revealed that they are in advanced talks with Renault, discussing a deal that would bring the two companies together by joining the major components of each business.   Bringing these... 
Many US retailers quietly removing Huawei devices from its shelves

Many US retailers quietly removing Huawei devices from its shelves

Amidst the broiling controversy between Huawei and the Trump administration which has blacklisted Huaweifor continued suspicions of cyberspace espionage and of stealing US companies’ electronic digital property rights... 
SoftBank Group’s Vision Fund Will Invest Roughly $800 Million in UK Finance Group Greensill Capital

SoftBank Group’s Vision Fund Will Invest Roughly $800 Million in UK Finance Group Greensill Capital

SoftBank Group Corporation’s Vision Fund could soon announce a deal with UK-based financing group Greensill Capital, as early as Monday this week.  We know that the SoftBank Vision Fund wants to invest $800 million... 
Free One-day Shipping To Be Standard for Amazon’s Prime Members

Free One-day Shipping To Be Standard for Amazon’s Prime Members

Amazon customers who have Prime membership status will soon have available to them free one-day shipping. Currently, Prime members have available to them automatic free two-day shipping but the company also offers them one-day... 
FDA, FTC Have Sent Warning Letters To Three CBD Marketers For False Medical Claims

FDA, FTC Have Sent Warning Letters To Three CBD Marketers For False Medical Claims

On Tuesday, April 2, 2019, letters from the Food and Drug Administration (FDA) and the Federal Trade Commission (FCC) were sent to three companies that market cannabidiol (CBD) products warning them against making false claims... 
T-Mobile-Sprint Merger Faces Possible Lawsuit by States

T-Mobile-Sprint Merger Faces Possible Lawsuit by States

There are several states’ attorney generals who are investigating T-Mobile’s plan to acquire Sprint Corp. on antitrust grounds believing the merger would be bad for consumers in their states.  Their plans are... 
Sony’s Former CEO and Chairman of the Board Kazuo Hirai, Retiring

Sony’s Former CEO and Chairman of the Board Kazuo Hirai, Retiring

Kazuo Hirai, Sony’s former CEO and Chairman of the Board is retiring after serving with the company for 35 years.   Sony Corporation, a Japanese multinational conglomerate company is  headquartered in Kōnan,... 
Verizon’s 5G To Launch April 11 In Chicago And Minneapolis Only

Verizon’s 5G To Launch April 11 In Chicago And Minneapolis Only

It was announced today on Wednesday, March 13 that Verizon plans to launch its 5G service on April 11, 2019 in two more cities: Chicago and Minneapolis, but only in certain areas of the cities. About a week ago, Verizon’s... 
Former Facebook Rising Star Develops ‘Threads,’ Competes With ‘Workplace’

Former Facebook Rising Star Develops ‘Threads,’ Competes With ‘Workplace’

Rousseau Kazi, an early graduate of the University of California at age 19 went to work for Facebook and decided after 6 years to go out on his own and develop ‘Threads,’ which will directly compete with Facebook’s... 
Can Starboard Value Rescue Papa John’s From A Year of Decline?

Can Starboard Value Rescue Papa John’s From A Year of Decline?

Pizza chain Papa John’s has had a rough couple of years and has been working on a plan to turn itself around.  With new board members—and a big investment check—they may be starting on the right path.  On... 
Eli Lilly Ends Lartruvo Promotions After Trial Fails; Sales Follow Suit

Eli Lilly Ends Lartruvo Promotions After Trial Fails; Sales Follow Suit

On Friday, Eli Lilly and Co said that its new cancer treatment did not improve patient survival in a long-term confirmatory study. While the medication, Lartruvo, did win conditional approval, the drugmaker will no longer... 
US Stock Market Looks Bearish To Close the Year

US Stock Market Looks Bearish To Close the Year

This holiday season is a bear for the US stock market, literally. As we approach the week of Christmas, the Nasdaq Composite tumbled a shocking 8.4 percent, to 6332.99. This is its biggest drop since 2008 and a major contributor to... 
Is Uber Ready To Expand its E-Scooter Business?

Is Uber Ready To Expand its E-Scooter Business?

It looks like ride-hailing app company Uber really wants to be the go-to place for all things transportation. In April, Uber acquired electric scooter startup Jump. This marks the app-based ride-sharing company’s latest interest... 
Sprouts CEO Resigns, Stock Tumbles

Sprouts CEO Resigns, Stock Tumbles

Sprouts Farmers Market shares took a big tumble today as the grocery chain announced a coming change in their leadership. This week, Phoenix-based Sprouts Farmers Market (NASDAQ: SFM) said that current CEO Amin Maredia has a plan to...