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Bumble Bee Will Plead Guilty To Price-Fixing Charges
The U.S. Department of Justice announced Monday that Bumble Bee has consented to pleading guilty to felony charges of conspiring with firms it was competing with to fix prices of canned tuna. Bumble Bee, which is one of the biggest... More of this article »
Agency Blames Blast At Exxon Mobil Refinery On Weak Safety Standards
In a report released on Wednesday, the Chemical Safety Board of the United States has come to the conclusion that the 2015 explosion at a Torrance, California refinery that was owned by Exxon Mobil was preventable. According to the... More of this article »
Trump And Putin Discuss Syrian Civil War In A Phone Call
The president of Russia, Vladimir Putin, and the president of the United States, Donald Trump, talked on the phone on Tuesday, marking the first instance the two leaders were speaking since the U.S. military fired missiles into a Syrian... More of this article »
Proposed Rules In California Unveiled
Proposed plans on how the medical marijuana industry in California will be regulated have been unveiled. The proposed regulations lay out the standards that have to be met by marijuana enterprises seeking to be licensed by the state.... More of this article »
Tesla Delays The Launching Of Some Of Its Solar Roofs
Tesla has announced that there will be a delay in the rollout of its solar roofs. This was disclosed by the chief executive officer of the electric carmaker, Elon Musk, in a TED Talk. The delay will mean that some of the solar shingle... More of this article »
Instagram Grows Both Its User And Advertise Base
Instagram’s user base is nearing one billion users after it doubled the number of users in two years to reach a figure of 700 million. The number of active advertisers on Instagram also increased from half a million in September... More of this article »
Profits Generated From New Wynn Casino In Macau Beat Forecasts
Profit generated from a new casino opened by Wynn Resorts in Macau is higher than what analysts had forecast. Excluding some items, profit grew to a figure of $1.24 per share. Analysts had estimated that the profit would be 98 cents... More of this article »
Pharmacies Sued By Cherokee Nation Over Opioid Crisis
Walgreens and CVS Health are among the drug firms that have been sued by Cherokee Nation over allegations that the drug companies failed to take adequate action that would have prevented the opioid prescription painkillers from becoming... More of this article »
Privacy Abuse By An Online Service, Unroll.me Causes Uproar
Users of Unroll.me have reacted angrily to reports that the email management service had been selling their personal data to Uber. The free service which helps its users easily and conveniently unsubscribe from lists can scour inboxes... More of this article »
President Trump to Release Federal Tax Plan on Wednesday
We can expect the White House to release, this coming Wednesday “broad principles and priorities” of their new plans to overhaul federal taxes in the US, according to a White House. This downplays expectations that the Trump administration... More of this article »
Trump Signs Executive Order Seeking To Put The American Worker First
U.S. President Donald Trump visited the state of Wisconsin in his efforts to reassure his supporters that his ‘America First’ agenda was still on course. This followed a couple of policy reversals which got a part of his base worried... More of this article »
Walmart To Buy Bonobos As It Moves To Strengthen Its Ecommerce Position
In yet another acquisition spree under the new chief of ecommerce, Marc Lore, reports indicate that Walmart is holding talks with a view to buying Bonobos, a New York City, New York-based fashion retailer that caters to men. According... More of this article »
Retail Sales Slump in March on Consumer Caution
New data shows that Americans might be getting a little more frugal as spending at auto dealers and restaurants dipped a little, in March. This caused the whole of retail sales numbers to drop, too, even though the labor market is... More of this article »
Can 3D Printed Parts Save Boeing Several Million A Year on Dreamliner Jets?
While it has not quite yet become a household item, 3D printers continue to change the way we think about manufacturing all kinds of things. And as this technology continues to improve—and get bigger and bigger—we are quickly discovering... More of this article »
Childhood Pets Can Reduce Risk for Allergy and Obesity
A brand new study out of the University of Alberta, in Canada, suggests that exposing very young children to pets, early in life, might improve their eventual health outcomes down the road. While some existing studies have certainly... More of this article »
Ralph Lauren To Shut Down Fifth Ave Store, Cut 1,000 Jobs
Shares of the Ralph Lauren clothing brand declined 3.92 percent to $78.11 in morning trading, on Tuesday. This is just the latest tumble for the struggling retailer who is now facing more job cuts at its headquarters in order to make... More of this article »
United States Trade Deficit Drops Sharply, Are We In A Recovery Period?
New reports show that the United States trade deficit shrunk dramatically in February, with overseas customers scooping up American products and services by the bushel. This is a sure sign that US factories are starting to benefit... More of this article »
Flu Death Stats Underscore Importance of Getting Vaccinated
In the United States, flu-related deaths are not very common, though they do occur. Typically, the only people who die from complications related to the flu are those with weakened immune systems (babies, the elderly, and chronically... More of this article »
Are A Few Extra Pounds A Good Thing?
There exists an ongoing debate—within the public health community, at least—over the difference a few extra pounds has on overall health. For many years, actually, researchers had said that the data showed a few extra pounds might... More of this article »
Can Staples Find A Buyer And Stay Alive?
Shares of the popular home/office supplies retailer, Staples, spiked almost 12 percent—to $9.68—in late morning trading on Tuesday on the heels of a potential sale. The company, of course, has been struggling to keep pace with... More of this article »
Brazilian Gangs Fight For Control Of Black Market For Oil Amidst Economic Decline
A black market for oil in Brazil is believed to be fueling a criminal enterprise that is growing fast in the country’s oil heartland that is situated between Sao Paulo and Rio de Janeiro. This has resulted in killings as rival gangs... More of this article »
Iron Ore Being Transported By Ill-Fated Ship Was Insured, Brazilian Miner Discloses
Vale SA, a Brazilian mining company, revealed that the iron ore weighing 260,000 tons that was being transported by the ill-fated bulk carrier owned by a shipping company based in South Korea, had been insured. The ship, Stellar Daisy,... More of this article »
Record Deliveries Push Up Tesla’s Stock Making It Bigger In Value Than Ford
Tesla has surpassed Ford in market value after the share price of the electric car maker hit an all-time high. This now makes Tesla the second-biggest automaker in the United States after General Motors. The surge has been attributed... More of this article »