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Discount Retailer Target Acquires Grand Junction In Same-Day Delivery Service Boost Effort
The race is on, apparently, to grab a significant chunk of the online retail space. In particular, brick-and-mortar companies are vying for who will be Amazon.com’s biggest competitor. Obviously, Wal-Mart is the likely favorite,... More of this article »
Kaspersky And Microsoft Amicably Solve Dispute
Kaspersky Lab has revealed that it will withdraw the antitrust complaints against Microsoft that it made in Europe following an agreement with the Redmond, Washington-based software maker regarding how security updates are delivered... More of this article »
Accenture Interactive Acquires California-Based Wire Stone Marketing Agency
Accenture Interactive, the marketing subsidiary of consulting firm Accenture, has revealed that it is acquiring Wire Stone, a marketing and design agency based in California. Terms of the deal were not disclosed. The chief of Accenture... More of this article »
Marketplace Sellers Outraged By New Amazon Returns Policy
A returns policy that was recently introduced by Amazon has outraged sellers as it will now be easier for buyers to return products at the expense of the merchants. The new policy was announced this week via email and will go into... More of this article »
Costco And Sam’s Club Now Offering Deals On Groupon
In the face of the onslaught from online retailers, Costco and Sam’s Club have been hawking their memberships on Groupon where they have been offering freebies and discounts to sweeten the deal. Costco has for instance been offering... More of this article »
Pet Translators Expected To Hit The Market In The Next Few Years
A report which was commissioned by online retail giant Amazon has predicted that it will be possible to develop devices which translate what pets are communicating to human beings. According to William Higham, the author of the report,... More of this article »
Google Apes Facebook’s Features As Consumer Internet Activity Habits Change
According to CNBC, Google has adopted a strategy of copying the features that Facebook has popularized in the same fashion that the social media giant employed against SnapChat. In the last two weeks, some of the features that Google... More of this article »
Starbucks To Close All Teavana Stores; Share Prices Fall
Several Wall Street firms downgraded their shares of Starbucks, today, after the company showed a sales guidance lower than analysts expected and announced the closure of all 379 Teavana mall-based stores. CEO Kevin Johnson said that... More of this article »
DC Court of Appeals Orders FAA to Reexamine Airline Seat Sizes
If you have been a plane recently and started to feel like maybe you don’t quite fit in the seats the way you used to, you are not alone. Apparently, the airline industry, as a whole, has been making seats not only much smaller... More of this article »
Internet Brands To Acquire WebMD in $2.8B Cash Deal
On Monday morning, Internet Brands announced a definitive agreement to purchase internet health info giant WebMD in a transaction valued at nearly $3 billion. Internet Brands—a KKR portfolio company—will begin a tender offer within... More of this article »
Can Sears Save Its Appliances Business By Partnering with Amazon?
Amazon and Sears have been in the news a lot lately, but for the opposite reasons: one is growing while the other is struggling. Today, though, they share bylines as it turns out that Sears is the latest on a quickly growing list of... More of this article »
Low Fees and Good Earnings Spell An Excellent Day—and Quarter—for BlackRock
BlackRock is the largest asset management firm in the world and, on Monday, the agency reported that its second-quarter earnings had risen nearly 10 percent with investors continuing to fund the company’s expanding selection... More of this article »
Coca Cola (UK) To Double Recycled Plastics En Route to 100 Percent Recycled Materials in Bottles
Estimates suggest that plastic bottle production is slated to grow another 20 percent within the next five years. Obviously, this is not a sustainable growth pattern and, as such, Coca-Cola is taking the initiative to change that. Of... More of this article »
Facebook To Unveil A Standalone Oculus VR Headset Next Year
Facebook will in 2018 be unveiling a new Oculus VR headset that will operate wirelessly and which is expected to be cheaper than current versions. The new Oculus headset is expected to cost $200 which is half the price of Oculus Rift.... More of this article »
Interactive Demos For The HomeKit System Unveiled At Apple Stores
Shoppers interested in trying out Apple’s smart home system can now do so at 46 Apple stores spread around the globe including Germany, Taiwan and the United States. Using the Home app installed on iPad, iPhone or Apple Watch demo... More of this article »
Amazon to Open Massive New Fulfillment Center in Orlando Florida
On Monday, Amazon announced plans to build a massive fulfillment center in the Orlando, FL area. The 850,000 sq-ft facility will be provide roughly 1,500 new full-time positions by 2018. Also, according to the company, the warehouse... More of this article »
ClubCorp to Sell Golf and Sport Club Assets to Apollo Global Management
ClubCorp is one of the largest operators of golf and country clubs in the United States. On Sunday, this company agreed to sell assets to the private equity firm Apollo Global Management in the amount of $1.1 billion, which will put... More of this article »
SoundCloud To Shut Down Imperative London Office
SoundCloud has long been touted as the audio version of YouTube. It started as a website (and playlist site) and evolved into a mobile app that lets users record audio (from sound bites to professionally mixed music to podcasts). The... More of this article »
Roche Acquires Diabetes Tracking Startup mySugr
Swiss pharmaceutical company Roche has just bought the Vienna-based diabetes management platform known as mySugr. The amount of the purchase has not yet been disclosed, but with the growing competition in this field—app-based digital... More of this article »
Lyft Launches new “Hubs” To Get Drivers On the Road Faster
The ride sharing app Lyft is going to use $600 million in new funding in an effort to open new driver-service centers. Lyft will call these service centers “hubs” and they will be used to get drivers on the road in only a few hours. The... More of this article »
Ford Issues Many More Recalls This Week
It seems like history is repeating itself, in a way, as Ford has just announced a new recall of more than 400,000 Transit vans and buses. This recall is to address cracked drive shaft coupling issues which have the potential to cause... More of this article »
Two Top Pharmakon Compliance Face Criminal Conspiracy Charges
Both the owner and the director of compliance at Pharmakon Pharmaceuticals Inc have been charged with several criminal counts in relation to the sale of compounded painkillers, according to a statement from the United States Department... More of this article »![Image for Barclay [and Former Executives] Charged Over Qatar Fundraising/Investment Scandal](https://www.americanbankingnews.com/wp-content/timthumb/timthumb.php?src=https://www.thestockobserver.com/wp-content/uploads/2017/06/barclays.jpg&w=240&h=220&zc=2)
Barclay [and Former Executives] Charged Over Qatar Fundraising/Investment Scandal
London’s Serious Fraud Office has accused Barclays—as well as the company’s former chief executive and at least three additional former senior managers—of several criminal charges in regards to the bank making agreements... More of this article »
Airbus Upgrades A380 Passenger Jet To Attract Buyers
Airbus has announced upgrades to its A380 jet which will see the superjumbo getting fuel-saving winglets which are about 4.7 meters high and downlets that measure 1.2 meters. With the extensions as well as other wing refinements, efficiency... More of this article »
Is Walmart Buying The Bonobos Men’s Clothing Brand?
Wal-Mart has been moving quickly to gain more online presence in the face of a market shifting away from traditional brick-and-mortar retail. It is an important directive for the retailer as Amazon continues to grow its existing presence... More of this article »
Gymboree Files For Chapter 11 Bankruptcy Protection
The children’s clothing retailer Gymboree Corp has officially filed for Chapter 11 bankruptcy protection in anticipation of a dire need to reorganize the company and lower its debt. It is a sad story that is becoming all too... More of this article »
John Deere Posts Better Than Expected Profits
On Friday, John Deere said that its fiscal second quarter profit and revenue both rose as well as surpassed analyst estimates. The company also said it has raised its outlook for the fiscal year in equipment sales growth outlook from... More of this article »
Alphabet Has Huge Challenges Ahead In Voice Search Technology
Alphabet is currently planning on retaining its crown as the top information provider through Google products but the company has a long way to go when it comes to voice search. Alphabet subsidiary Google is one of the major tech companies... More of this article »
Verizon Announce Acquisition of Straight Path Communications
Verizon Communications may already be the No 1 wireless carrier in the United States, but that is not stopping them from continuing their growth; after all, what good is being at the top if you can’t stay there? With that in... More of this article »
Sinclair is About To Sign A Deal To Acquire Tribune
You might not know who the Sinclair broadcasting group is, but that might change as the Baltimore, MD-based company is set to control roughly one-third of all television programming in the United States. Sinclair has announced, this... More of this article »
Cisco To Acquire Technology And Talent From Data Analytics Firm
Cisco has entered an agreement with Saggezza, a Chicago, Illinois-based data analytics firm which will see the former acquire both talent and technology from the latter. The terms of the deal were, however, not revealed. Saggezza was... More of this article »
Facebook Continues to Grow, but is A Massive Shift In Store To Maintain in A Constantly Changing Market?
It looks like the world’s biggest—and, at least for now, most powerful—social network will continue to grow its already massive audience in a time when the market is starting to get extremely competitive. Just this week,... More of this article »
District Court Issues Exxon Mobil $21 Million in Penalties for Clean Air Act Violations
On Wednesday, a federal judge ruled that ExxonMobil Corp must pay a penalty worth nearly $20 million because of pollution generated by its Baytown, TX refining and chemical plant (between 2005 and 2013). U.S. District Court Judge David... More of this article »
LVMH Buys Minority Stakes in Christian Dior in $13.1 Deal
French billionaire Bernard Arnault and the LVMH Moët Hennessey Louis Vuitton luxury empire announced, on Tuesday, the completion of a minority stake purchase of Christian Dior in a buy worth more than $13 billion (USD). The seven... More of this article »
Data Price Hikes Expected In The Face Of A Deregulation By Republican-Controlled FCC
A Thursday vote by the Federal Communications Commission will now see the Business Data Services segment that is worth approximately $45 billion deregulated. Small businesses are likely to be affected by price hikes in the deregulation... More of this article »
Prices Of Tesla Model S Vehicles Changed
Following the discontinuation of the cheapest Tesla model, the Model S 60, the electric car maker has now reduced the price of the Model S 75. The new base version of the Model S will now cost $69,500 down from $74,500. This now makes... More of this article »
Citigroup Earnings Up Over Last Year’s Numbers
Citigroup has released its latest quarterly performance report, showing that America’s fourth-largest bank (by assets held) is making definite progress towards its several-years-long effort to recover from the recent financial... More of this article »
Microsoft Acquires Cloud Startup As It Races To Catch Up With Rival
In a blog post, Microsoft has announced the acquisition of Deis, a firm that concentrates on containers – a way of developing and deploying software. Terms of the deal were not disclosed in the deal that was revealed on Monday morning. In... More of this article »
AT&T To Acquire Straight Path Communications In Preparation For 5G
AT&T has revealed that it is acquiring Straight Path Communications at a price of $1.25 billion in an accumulation bid for airwaves as it prepares for a 5G network. Straight Path Communications holds numerous wireless spectrum... More of this article »
Is Apple Ditching Third-Party Tech Devs and Building Everything In House?
Shares of the Anglo-German technology manufacturer Dialog Semiconductor fell by roughly 20 points on Tuesday morning following a warning from a financial analyst who said the company could potentially lose its contract with US tech... More of this article »
New Policy To Block Ads On YouTube Videos With Under 10,000 Views
YouTube has announced that video channels must get views averaging over 10,000 prior to the video platform placing ads on such content. The video platform has said the move is aimed at punishing those who break the rules. YouTube’s... More of this article »
Norwegian To Offer $199 One-Way Routes From Seattle to London 4-Days A Week
Norwegian Air has just announced a new route that is sure to shake things up across the Atlantic: new service from Seattle to London Heathrow for $199 one-way. The airline will offer four flights a week aboard a Boeing Dreamliner 787-9... More of this article »
Amazon To Add More Part-Time Workers As It Experiences Rapid Growth And Diversification
Amazon has disclosed that it intends to employ 30,000 workers on a part-time basis in the United States in the next one year. This will include 5,000 virtual customer service agent positions that will allow employees to telecommute.... More of this article »