Nestle struck a $7.5 billion deal with Starbucks this week that will give the Swiss food and beverage company exclusive rights to sell Seattle’s signature coffee in stores around the world. The deal, was announced Monday, allows Starbucks to turn …
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The U.S. economy added 164,000 jobs last month in a positive jobs report that indicated the country’s near-record expansion is continuing unabated. Economists were expecting an increase of about 193,000 jobs, but revisions to job figures for February (slightly downward), …
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The current United States economic expansion is the second longest in the nation’s history. The streak became the second-longest on record days before the Federal Reserve Bank is set to decide, in a two-day meeting, whether to increase interest rates …
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T-Mobile and Sprint have announced a merger that will create one of the largest telecom companies in the U.S. The deal is estimated to be worth about $26 billion. It will position the new company as a strong competitor to …
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Ford Motor Co. has announced this week that it will eliminate all but two car models from North American dealerships by 2020.
“For example, by 2020, almost 90 percent of the Ford portfolio in North America will be trucks, utilities …
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Twenty North American cities are competing to land the next headquarters for online-retail giant Amazon.com. Reports are that the company has now narrowed the list down to a handful of cities.
The site that’s picked is expected to …
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The amount of retail space slated to close in 2018 is on pace to be an all-time record according to commercial real estate services firm CoStar Group. As of April the number of square feet of that has gone dark …
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General Motors has announced that it will lay off close to 1,500 workers from a plant in Ohio. The move is due to market shifts in consumer demands from compact cars to SUV’s and pickup trucks. The shift is attributable …
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Airbnb is being sued by the municipality of Paris for reportedly listing unauthorized houses for short-term renting on their website. A hearing has been scheduled for June 12 in a Paris court. The lawsuit, which also involves two other smaller …
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In an effort to ease rising tensions between the China and the U.S., Chinese President Xi Jinping announced that tariffs on automobile imports would be lowered “significantly” this year. The move, Xi says, is part of a “new phase …
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Sinclair Broadcasting, already faced a backlash after Deadspin.com released an edited video of anchors reading, in unison, a prepared statement about fake news, finds itself again being criticized over an aid it aired on its stations urging viewers to oppose …
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The Chinese government has announced about $3 billion in tariffs on U.S. imports to the country in response to U.S. tariffs on steel and aluminum imports from China, as well as other nations, last month. The Chinese tariffs will be …
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President Donald Trump directed attacked Amazon.com Saturday accusing the online retail giant of cheating the U.S. Postal Service out of billions of dollars by paying considerably less than market rates to have their packages delivered. The President made the charge …
Continue ReadingAttorneys for the White House are looking into whether the President’s son-in-law, Jared Kushner, violated ethics regulations by meeting with banking executives who then lent his family’s real estate business hundreds of millions of dollars.
Kushner had several meetings …
Continue ReadingAs fears of a trade war between the U.S. and China erupted last week, high-ranking officials from both nations began negotiating possible solutions to a trade deficit President Trump has called “out of control.”
“It’s the largest deficit of any …
Continue ReadingHealth insurance provider Cigna announced today that it is increasing the minimum wage for its employees and providing other compensation benefits due to the GOP-led tax overhaul passed last month. The company will be increasing its minimum wage to $16 …
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