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People Continue Spending, But Stores Remain in Trouble

People Continue Spending, But Stores Remain in Trouble

Across the U.S. stores are closing at unprecedented rates. Retailers are filing bankruptcy and malls are slowly becoming ghost towns. However, while the physical brick and mortar stores continue to struggle, consumers are spending... 
General Electric Cutting 12,000 Jobs in Revamp of Power Business

General Electric Cutting 12,000 Jobs in Revamp of Power Business

On Thursday, General Electric said it was cutting 12,000 jobs at its worldwide power business, the latest effort by the industrial conglomerate that continues to struggle as it shrinks itself into a company with more focus. The company,... 
Nestle Buying Atrium Innovations in Deal Worth $2.3 Billion

Nestle Buying Atrium Innovations in Deal Worth $2.3 Billion

Nestle will acquire Atrium a vitamin maker based in Canada at the cost of $2.3 billion, expanding its consumer healthcare presence as it attempts to offset continued weakness in the packaged foods’ industry. The largest package foods... 
Tiffany Sales and Profit Top Expectations

Tiffany Sales and Profit Top Expectations

Tiffany & Co the jeweler saw its sales and profit exceed market expectations thanks to strong demand for high-end solitaire and fashion jewelry in its first full three-month period under new CEO Alessandro Bogliolo. Tiffany, whose... 
Comcast Enters Bidding War for Media Assets of 21st Century Fox

Comcast Enters Bidding War for Media Assets of 21st Century Fox

Comcast Corp. joined the pursuit of entertainment assets for 21st Century Fox the multimedia giant owned by media mogul Rupert Murdoch. Comcast expressed interest in acquiring the movie studio of Fox based in Los Angeles, its sports... 
Forecast for Operating Profit Cut by Nissan Following Recall

Forecast for Operating Profit Cut by Nissan Following Recall

Nissan, the Japanese automaker, reduced its profit forecast for the full year as a scandal involving safety inspection hit its earnings. The automaker is expecting its operating profit to be 645 billion yen or $7.5 billion for its... 
Maryland Opens Investigation of Kushner Companies

Maryland Opens Investigation of Kushner Companies

The attorney general of Maryland has opened an investigation of one of the Kushner family’s businesses of real estate following media reports that surfaced earlier in 2017 about the alleged abusive practices of debt collection and... 
Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon Sees Surge in Sales Following Acquisition of Whole Foods

Amazon.com Inc. said on Thursday that sales had surged during the summer and that its profit sped past expectations, as shoppers flocked to promotions on its “Prime Day” and purchased groceries at its recently acquired Whole Foods... 
U.S. Regulators Sue Rio Tinto and Two Former Executives

U.S. Regulators Sue Rio Tinto and Two Former Executives

The U.S. Securities and Exchange Commission on Tuesday filed suit against Rio Tinto and two of its former top executives claiming they misled investors over the value of coal assets in Mozambique obtained in an acquisition gone bad... 
Slack Raises Financing That Values Business at $5.1 Billion

Slack Raises Financing That Values Business at $5.1 Billion

Slack raised another big round of new financing that has valued the business at over $5 billion. The leader of the new round of financing was Japan-based SoftBank, which is appears has been investing in numerous companies of late. It... 
China Wants to End Gas and Diesel Vehicles

China Wants to End Gas and Diesel Vehicles

China is the largest auto market in the world and is currently putting together a detailed plan that would ban the manufacturing and sale of vehicles that are powered just by fossil fuels, said officials on Monday. The government of... 
Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us Weighing Possible Bankruptcy

Toys ‘R’ Us has hired advisers specializing in restructuring at a law firm as it attempts to handle debt that has reached millions of dollars, that is coming due, said a pair of sources who know the situation. Amongst options the... 
HPE Revenue Increase Comes After Trimming Costs

HPE Revenue Increase Comes After Trimming Costs

Hewlett Packard Enterprise has emerged from its aggressive slimming down efforts, reporting quarterly sales that were stronger than had been expected on strong demand for storage gear and servers that help in data centers’ operations. Revenue... 
Gasoline Prices in U.S. Plummet

Gasoline Prices in U.S. Plummet

Benchmark gasoline prices in the U.S. were down Monday to levels before Hurricane Harvey as refineries and pipelines in the Gulf Coast of the U.S. slowly return to activity, which has eased the concerns over supply. Oil futures for... 
Revised GDP for Second Quarter Up 3% in U.S.

Revised GDP for Second Quarter Up 3% in U.S.

The U.S. economy grew at a faster rate than was initially thought during the second three months of 2017, marking its quickest pace in over two years, with signs the momentum sustained itself to start the third quarter. Gross domestic... 
Underwriter of Flood Insurance Slammed in Texas by Harvey

Underwriter of Flood Insurance Slammed in Texas by Harvey

As responders from around the nation move into the ravaged areas of Texas damaged by high winds and extreme flooding from Hurricane Harvey, one federal flood insurance program has started to sink even further into debt. NFIP or the... 
Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining hashrate leapfrogs that of Bitcoin Core briefly

Bitcoin Cash mining profitability has been grabbing the headlines lately and this has led many miners across the world to concentrate their mining power towards Bitcoin Cash and as a result mining hashrate for the new cryptocurrency... 
Bitcoin price increases by 7% to recover to $4200 levels

Bitcoin price increases by 7% to recover to $4200 levels

Much to the relief of Bitcoin traders and investors around the world, Bitcoin price has managed to cover a lot of lost ground from a low of $3,600 to above $4,200 fending of rumors and speculations that the cryptocurrency will hit... 
Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash finds more takers as OKCoin and Huobi start trading

Bitcoin Cash has garnered a lot of positive attention lately owing to the increase in its prices as well as record trading volumes and the sentiment will continue to favor the new cryptocurrency as two of China’s biggest bitcoin... 
Bitcoin Cash price surpasses $700

Bitcoin Cash price surpasses $700

Bitcoin Cash price has skyrocketed by 37 per cent to breach the $700 levels suggesting a strong support for the new cryptocurrency from all corners. It is for the first time that Bitcoin Cash has managed to rise so quickly and so high...