China is taking steps to protect its technological advancements, it says, in the latest tit-for-tat in escalating trade tensions with the U.S. The move is seen as retaliation to the U.S. government’s stance against Chinese technologies companies.
Last month …
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Apple has announced the discontinuation of its music purchasing program iTunes. The announcement was made today at the company’s annual Worldwide Developer Conference in San Jose, California.
In lieu of Apple’s iconic music marketplace, the tech giant will break …
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McDonald’s is betting that it can use data to take intelligence around customer orders to a new level.
“How do you transition from mass marketing to mass personalization?” asks McDonald’s CEO Steve Easterbrook. “To do that, you’ve really got to …
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The U.S. economy, surpassing expectations, added 304,000 jobs in January, indicating the economy remains as strong as it has been in recent months. Economists had been expecting gains of about 180,000 new jobs for the month.
The unemployment rate …
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The U.S. economy added 250,000 jobs last month exceeding expectations set by most economists. The unemployment rate remained unchanged at 3.7%. The jobless rate is at the lowest it’s been since 1969, 49 years ago.
Among the industries that added …
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The U.S. economy added 157,000 jobs in July and the unemployment rate ticked down to 3.9% in a jobs report that was below analysts’ expectations but still showed an economy humming along. Experts had expected job gains of 190,000 …
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Apple became the first U.S. company to surpass $1 trillion in market valuation today when its stock price reached $207.05. It retained the label by closing slightly above that mark at $207.39. The stock price had receded from the …
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The Department of Justice has decided to appeal a federal judge’s decision to approve a merger between AT&T and Time Warner.
Last month U.S. District Court Judge Richard Leon OK’d the proposed mega merger clearing the way for the $85 …
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Nike announced this week that five more of its top level executives would be departing the company after an internal inquiry by female Nike employees found a problem of sexual harassment and work-place bias against women. Six people have already …
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Tens of millions of square feet of retail space has gone dark this year but now retailers are facing another crisis: too few salespeople.
Many of the nation’s biggest store-chains have been cutting staff at an even faster pace than …
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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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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 …
Continue ReadingOnline retail giant Amazon.com has announced that it will begin offering membership in its Prime shopping club at about a 50% discount to lower income Americans yesterday. The company announced it will offer Prime membership to Medicaid recipients at $5.99 …
Continue ReadingCigna Corporation has struck a deal to buy pharmacy benefits manager Express Scripts Holding Co today in a deal that is reportedly worth $53 billion. The deal comes on the heels of another mega-merger – a $69 billion deal between …
Continue ReadingFederal Express, the worldwide package delivery service, has announced that it will not be severing ties with the National Rifle Association, despite public demands for it to do so. In the wake of the deadly Parkland, FL, school shooting, many …
Continue ReadingThe National Rifle Association has responded to the boycott of several U.S. corporations calling it a “shameful display of political and civic cowardice.”
“The law-abiding members of the NRA had nothing at all to do with the failure of that …
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