Browsing All Posts By David Ancetti
Harris Merging with L3 to Create Huge Defense Contractor

Harris Merging with L3 to Create Huge Defense Contractor

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Congress passed its 2018 National Defense Authorization Act representing an increase of 18% in its defense spending. L3 Technologies and Harris Corporations have agreed to a ...

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Mexican Oxxo Stores Cashing in on E-Commerce

Mexican Oxxo Stores Cashing in on E-Commerce

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The aisles of all Oxxo stores in Mexico are filled with convenience stores staples that include: cigarettes, beer, candy, potato chips and much, much more. However, a closer ...

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Bill Ackman: Pershing Square Capital Has $900 Million Stake in Starbucks

Bill Ackman: Pershing Square Capital Has $900 Million Stake in Starbucks

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Pershing Square Capital’s Bill Ackman revealed that the hedge fund has a stake worth approximately $900 million in Starbucks. Following word of the hedge fund’s stake, shares of ...

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Danish Energy Behemoth Orsted Acquires U.S.-based Deepwater Wind

Danish Energy Behemoth Orsted Acquires U.S.-based Deepwater Wind

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The largest offshore wind developer in Northern Europe will acquire a much smaller company in New England with plans of building turbines from Massachusetts south to Virginia. ...

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Samsung Expects Profit for Third Quarter to Reach Record High

Samsung Expects Profit for Third Quarter to Reach Record High

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South Korea electronics giant Samsung Electronics estimated that its operating for the third quarter jumped 20% to a new record high, with the company’s semiconductor unit boosted ...

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Barnes & Noble Putting Itself Up For Sale

Barnes & Noble Putting Itself Up For Sale

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Barnes & Noble announced on Wednesday that it would explore its strategic alternatives that include a possible sale of the business. One person possibly interested in ...

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Stitch Fix Falls 20% Following Earnings Report

Stitch Fix Falls 20% Following Earnings Report

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Stitch Fix stock plunged by over 20% during trading afterhours on Monday following the release of an earnings report for the fourth quarter that was tepid. The personal styling ...

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iPhone Imports Not Blocked by Trade Judge

iPhone Imports Not Blocked by Trade Judge

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On Friday, a U.S. trade judge decided not to block the importing of Apple iPhones with Intel Corp. chips handing a big defeat to chipmaker Qualcomm in its legal fight with the ...

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SEC: Elon Musk Picked $420 Stock Price Because of Marijuana Reference

SEC: Elon Musk Picked $420 Stock Price Because of Marijuana Reference

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On Thursday, at a news conference the Securities and Exchange Commission alleged that Tesla Chief Executive Elon Musk chose a share price of $420 for possibly taking the electric ...

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Fed Raises Rates, President Trump Not Happy

Fed Raises Rates, President Trump Not Happy

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On Wednesday, the U.S. Federal Reserve decided to raise interest rates and President Donald Trump did not applaud the decision. During a New York press conference, President ...

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