General Electric Removed from Dow Jones Industrial Average

General Electric, the global industrial equipment firm, has been removed from the Dow Jones Industrial Average. It had been a part of the index since the Dow’s creation in 1896. With GE’s removal, every original member of the index has now been removed. GE will be replaced with Walgreen Boots Alliance, Inc., the mega drugstore […]

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Trump Administration Imposes Record Penalties on Chinese ZTE

U.S. Commerce Secretary Wilbur Ross announced fines of over $1.4 billion against ZTE last week in an agreement that would allow the Chinese telecommunications giant to continue purchasing materials critical to its business from U.S. companies. Under the terms of the agreement the company has agreed to pay $1 billion before the Commerce Department’s Bureau […]

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Howard Schultz Steps Down as Starbucks Chairman

Starbucks Executive Chairman Howard Schultz announced he will be stepping down from his position on June 26 this week. He will instead become the company’s chairman emeritus. Schultz made the announcement in a memo sent to Starbucks employees on Monday. “It seems like yesterday that I first walked into the Pike Place store, stepped across […]

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Unemployment Rate at Lowest Rate in 18 Years

The U.S. economy added 223,000 jobs in May, beating expectations and delivering a positive jobs report, indicating a bustling economy. The unemployment rate fell to 3.8%, the lowest it’s been since 2000. Economists had been expecting an addition of 190,000 and the unemployment rate remaining steady at 3.9%. Perhaps the most positive news in the […]

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Accusations of Age Discrimination at Intel

The U.S. Equal Employment Opportunity Commission is investigating Intel for age discrimination, according to information received by The Wall Street Journal. According to The Journal, several former employees consulted attorneys about whether they could bring lawsuits against the tech company after a round of layoffs in 2016. Nearly 10,000 employees were terminated in several rounds […]

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Trump Decides to Keep Chinese Telecom Giant ZTE Alive

The Trump administration has reached a deal that would keep Chinese telecom giant ZTE in business it was announced yesterday. The administration had previously barred it from doing business with American companies, including San-Francisco-based microchip maker Qualcomm, a main ZTE supplier. The decision threatened to put ZTE out of business within weeks. ZTE employs roughly […]

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Sears to Sell and Install Tires Through Amazon

Department store chain Sears announced this week that it will offer full service tire installation through Amazon.com. The company says the service will begin in a couple weeks and will start with forty-seven Sears Auto Center locations in Atlanta, Dallas, Chicago, Los Angeles, New York, San Francisco and Washington D.C. Sears will subsequently roll the […]

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