Category: Business
Oracle Stock Plunges on New Guidance

Oracle Stock Plunges on New Guidance

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Oracle posted earnings that were better than had been expected for the fiscal fourth quarter thanks to customers spending more on cloud services. In extended after hours ...

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Elizabeth Holmes Steps Down at Theranos After Indictment

Elizabeth Holmes Steps Down at Theranos After Indictment

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Elizabeth Holmes, the founder of Theranos, was indicted this week on wire fraud charges, announced the Northern District of California U.S. Attorney’s office. Holmes and the ...

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Norway’s 1 trillion wealth fund is expected to remove gambling stocks from its portfolio

Norway’s 1 trillion wealth fund is expected to remove gambling stocks from its portfolio

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The Government Pension Fund of Norway, valued at $1 trillion is the largest sovereign wealth fund in the world. Established in the 1990s, it made large investments in oil and gas ...

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AT&T-Time Warner Merger Approved Without Conditions

AT&T-Time Warner Merger Approved Without Conditions

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On Tuesday, the $85 billion acquisition of Time Warner by AT&T was approved by Judge Richard Leon in U.S. District Court. The combination of the two will likely spawn more ...

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American Airlines: Fare Increases Possible If Oil Stays High

American Airlines: Fare Increases Possible If Oil Stays High

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American Airlines has warned that airline passengers might eventually have to pay higher prices for their tickets if the price of oil remains high, prompting air carriers to ...

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Vegas Strip Could Loss Millions as Strike Deadline Nears

Vegas Strip Could Loss Millions as Strike Deadline Nears

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Las Vegas is preparing for a possible strike by over 50,000 casino-hotel employees if representatives from 34 casino and hotel properties along the famous strip of Sin City and ...

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Stock Value of Netflix Surpasses That of Disney

Stock Value of Netflix Surpasses That of Disney

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Netflix’s value on the stock market ballooned on Thursday to a new record high of $153 billion and passed that of Walt Disney Co. for just the first time and making it the most ...

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China Cutting Import Duties for Cars After Reaching Truce

China Cutting Import Duties for Cars After Reaching Truce

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China will lower its import duty for passenger cars to 15% helping automakers like Ford Motor and BMW as the threat of an all-out immediate trade war with the United States ...

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Mercedes Benz Will Make Electric Compact Car to Rival Tesla

Mercedes Benz Will Make Electric Compact Car to Rival Tesla

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Daimler is investing €500 million equal to $589 million in France to begin manufacturing an electric Mercedes Benz compact car that is in addition to its electric vehicles that ...

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CEO at Bumble Bee Foods Indicted for Price Fixing

CEO at Bumble Bee Foods Indicted for Price Fixing

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A federal grand jury has indicted the CEO and president of Bumble Bee Foods in California this week on charges that he conspired to fix the prices of packaged seafood that was ...

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