Category: Business
Harris Merging with L3 to Create Huge Defense Contractor
0Congress 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
0The 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
0Pershing 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
0The 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
0South 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
0Barnes & 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
0Stitch 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
0On 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
0On 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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Michael Kors Nearing Deal to Acquire Versace
0In a deal that would give a firmer foothold in luxury fashion to Michael Kors Holdings, the company, which is already the owner of Jimmy Choo, is said to be finalizing a deal to ...
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