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Crude Oil Price Slide Motivates Potential Supply Cut Among Major Oil Producers

Crude Oil Price Slide Motivates Potential Supply Cut Among Major Oil Producers

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New reports indicate that Saudi Arabia has a plan to cut worldwide oil supply by half-million barrels-per-day starting next month.  According to Saudi Arabian energy minister, ...

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Alibaba Breaks Singles Day Sales Records with $30 Billion

Alibaba Breaks Singles Day Sales Records with $30 Billion

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Online sales tend to make a big jump around this time of year, with the Monday after Thanksgiving (also known as “Cyber Monday”) often registering more transactions than most of ...

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Diageo to Sell 19 of its Low-end Brands to US-based Distiller Sazerac in $550 Million Deal

Diageo to Sell 19 of its Low-end Brands to US-based Distiller Sazerac in $550 Million Deal

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Diageo is the largest distiller—liquor maker—in the world but they have just announced the sale of a 19-brand portfolio to Sazerac. Apparently, this portfolio houses the ...

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Duncan Hines Issues Recall of Four Types of Cake Mix

Duncan Hines Issues Recall of Four Types of Cake Mix

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Popular cake mix maker Duncan Hines has issued a recall on four types of cake mix on the heels of the US Centers for Disease Control and Prevention finding salmonella in some ...

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Will Amazon Open HQ2 in Northern Virgina?

Will Amazon Open HQ2 in Northern Virgina?

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Online retail and tech giant Amazon has been looking for a location for its new headquarters.  Obviously, the company has been expanding, and a new HQ—preferably at a distance ...

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Buffet’s Berkshire Firm Buys Back Nearly $1 Billion Stock

Buffet’s Berkshire Firm Buys Back Nearly $1 Billion Stock

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Warren Buffet’s Berkshire Hathaway Inc repurchased $928 million of its stock in Q3.  This is a pretty rare move and it could be quite indicative of the Chairman’s vision for more ...

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Troubled GE Cuts Dividend To Only A Penny

Troubled GE Cuts Dividend To Only A Penny

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Shares of General Electric took a notable tumble early this week after the industrial conglomerate made cuts to its dividend—down to a single cent—and then said federal regulators ...

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Twitter Received Threat from Bomb Suspect, Nothing Was Done

Twitter Received Threat from Bomb Suspect, Nothing Was Done

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On October 11, two weeks prior to 14 explosive devices Cesar Sayoc made and attempted to send to different people, he sent a threatening tweet to Rochelle Ritchie. When Ritchie, a ...

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Economic Growth in U.S. Slows Slightly During Third Quarter

Economic Growth in U.S. Slows Slightly During Third Quarter

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The United States economy slowed less than was expected during the third quarter as a drop related to import tariffs in exports of soybeans was offset partially by the strongest ...

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Cathay Pacific Hacked, Millions of Passengers Data Compromised

Cathay Pacific Hacked, Millions of Passengers Data Compromised

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One of the top airlines in Asia discovered a security breach that caused the personal data of over 9 million passengers to be stolen. Cathay Pacific said late on Wednesday that ...

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