Home » Business

Harley Davidson Reports Drop in US and Global Sales

Harley Davidson Reports Drop in US and Global Sales

Harley-Davidson—yes, the motorcycle company—reported that motorcycle sales in the second quarter of 2017 are down significantly since the same period last year: about 6.7 percent worldwide and 9.3 percent in the United States. Originally... 
Amazon Prime Day Sales Increase By Double Digits This Year

Amazon Prime Day Sales Increase By Double Digits This Year

According to Internet Retailer, shoppers in the United States will spend approximately $1.56 billion on Amazon Prime Day. This will be an increase of 20% from the$1.3 billion that was spent by shoppers in the U.S. on Prime Day last... 
Politics Unlikely To Interfere With The Time Warner And AT&T Proposed Merger

Politics Unlikely To Interfere With The Time Warner And AT&T Proposed Merger

Reports indicate that the Trump White House may not be in a position to block the merger of Time Warner Inc and AT&T Inc. This is despite the ongoing feud that President Donald Trump and CNN, which is owned by Time Warner, has.... 
Sears Holding To Close Another 43 Stores

Sears Holding To Close Another 43 Stores

Things are not going well for Sears Holdings. The company has just announced this week they have plans to close another 43 stores in the United States. This brings the total number of Kmart and Sears stores to close this year up to... 
Lyft Opens Hubs For Its Prospective Drivers

Lyft Opens Hubs For Its Prospective Drivers

Lyft is spending money it raised in a funding round in opening service centers aimed at assisting new drivers and helping them start working within hours of getting approved. The driver service centers known as ‘hubs’ have already... 
Q3 Earnings At Walgreens Boots Alliance Beat Estimates

Q3 Earnings At Walgreens Boots Alliance Beat Estimates

Walgreens Boots Alliance has reported that earnings from its fiscal third quarter reached $1.16 billion exceeding the expectations of Wall Street. Profit per share for the company based in Deerfield, Illinois was $1.07 which was an... 
UPS Freezes Pension Plan For Workers Who Are Not Unionized

UPS Freezes Pension Plan For Workers Who Are Not Unionized

United Parcel Service has announced plans to freeze the pension plans of approximately 70,000 of its employees who are not unionized in a bid to reduce the financial burden the firm is facing as its retirement fund has a deficit of... 
Carl’s Jr. Slapped With Fine For Violating Minimum Wage In Los Angeles

Carl’s Jr. Slapped With Fine For Violating Minimum Wage In Los Angeles

Officials from the city of Los Angeles have accused Carl’s Jr., a fast food chain, of underpaying dozens of local workers for a period of half a year. The city has now slapped Carl’s Jr. with fines and restitution charges totaling... 
Southridge Mall Sears Store To Close As Woes Deepen

Southridge Mall Sears Store To Close As Woes Deepen

Sears has announced that it will be shuttering its department store located at Southridge Mall. This will make Sears the second anchor tenant to quit the Greendale shopping center this year. According to Howard Riefs, the spokesperson... 
Blue Apron To Debut On The Stock Market As Amazon Looms In The Horizon

Blue Apron To Debut On The Stock Market As Amazon Looms In The Horizon

In the wake of Amazon shaking up food retailing with a bid to acquire Whole Foods, Blue Apron, a meal-delivery service that is based in New York, is planning on a public offering. Blue Apron is looking to raise approximately $586.5... 
IBM Watson Financial Services Unveiled To Assist In Financial Regulation Compliance

IBM Watson Financial Services Unveiled To Assist In Financial Regulation Compliance

International Business Machines formally unveiled a Watson product which will be used in financial regulation. The product will assist financial institutions in ensuring compliance and detection of possible financial crimes using artificial... 
Exxon Mobil Lawyers Insist New York Prosecutor’s ‘Climate Charge’ Is Politically Motivated

Exxon Mobil Lawyers Insist New York Prosecutor’s ‘Climate Charge’ Is Politically Motivated

Exxon Mobil is yet again the center of attention over allegations it misled investors on how it accounts for climate change risks. Immediate court proceedings indicate that New York Attorney General, Eric Schneiderman, has asked that... 
Chief Operating Officer Of JPMorgan Chase Leaves Complicating Succession Plans

Chief Operating Officer Of JPMorgan Chase Leaves Complicating Succession Plans

The chief operating officer of JPMorgan Chase, Matt Zames, is leaving the bank. His duties and responsibilities at the bank are currently being split up among other high-ranking executives. During his tenure at JPMorgan, Zames was... 
Price Of Bitcoin Rises Reaching A Record High

Price Of Bitcoin Rises Reaching A Record High

Bitcoin briefly appreciated by over $200 on Monday as a digital currency conference got underway in New York. This came after a weekend when the cryptocurrency saw increased demand from investors in Asia. Over the weekend the cryptocurrency... 
Uber Threatens to Fire Engineer Over Driverless Car Lawsuit

Uber Threatens to Fire Engineer Over Driverless Car Lawsuit

Uber’s top lawyers have threatened, this week, to fire one of the company’s engineers as part of an order to comply with a lawsuit regarding Google’s self-driving unit Waymo. In this case, Waymo accused Uber of conspiring... 
Wal-Mart Continues to Push Ahead in Online Retail

Wal-Mart Continues to Push Ahead in Online Retail

Discount retail giant Wal-Mart has just reported its first fiscal quarter revenue improved by 1.4 percent—to $117.54—falling only slightly short of analyst forecasts of $117.74 billion. Perhaps more importantly, the earnings per... 
Amazon Developing Virtual Clothes-Fitting Technology

Amazon Developing Virtual Clothes-Fitting Technology

Reports indicate that Amazon has built a team that is developing technology that will one day assist shoppers find clothes and shoes that fit them perfectly. If and when the technology sees the light of day, it will mark yet another... 
Bumble Bee Will Plead Guilty To Price-Fixing Charges

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... 
Agency Blames Blast At Exxon Mobil Refinery On Weak Safety Standards

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... 
Tesla Delays The Launching Of Some Of Its Solar Roofs

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... 
Instagram Grows Both Its User And Advertise Base

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... 
Profits Generated From New Wynn Casino In Macau Beat Forecasts

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... 
Privacy Abuse By An Online Service, Unroll.me Causes Uproar

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... 
Trump Signs Executive Order Seeking To Put The American Worker First

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... 
Walmart To Buy Bonobos As It Moves To Strengthen Its Ecommerce Position

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... 
Can 3D Printed Parts Save Boeing Several Million A Year on Dreamliner Jets?

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... 
Ralph Lauren To Shut Down Fifth Ave Store, Cut 1,000 Jobs

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... 
Brazilian Gangs Fight For Control Of Black Market For Oil Amidst Economic Decline

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... 
Iron Ore Being Transported By Ill-Fated Ship Was Insured, Brazilian Miner Discloses

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,... 
Record Deliveries Push Up Tesla’s Stock Making It Bigger In Value Than Ford

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... 
Car Sales Decline In The U.S. Despite Discounts Being Offered

Car Sales Decline In The U.S. Despite Discounts Being Offered

Motor vehicle sales in the United States fell in the month of March and turned out to be lower than had been estimated. Some of the vehicle manufacturers who reported the largest sales declines included Ford and Kia. Demand was especially...