Category: Business
J. Crew CEO James Brett Steps Down After 17 Months

J. Crew CEO James Brett Steps Down After 17 Months

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After only 17 months, James “Jim” Brett is stepping down as CEO of J. Crew.  This may not come as much of a surprise to some folks, as his arrival in June of 2017 was not without ...

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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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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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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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Shares of McDonald’s Up on Earnings Beat

Shares of McDonald’s Up on Earnings Beat

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Shares of McDonald’s rallied on Tuesday thanks to a third quarter earnings report that was better than had been expected, showing a strong international performance and higher ...

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Walmart Marketplace Products Will Have Free Shipping

Walmart Marketplace Products Will Have Free Shipping

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Walmart is catching up with Amazon on yet another front. The huge retailer announced that it is expanding free 2-day shipping to millions of new products that are offered by its ...

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New Mexico-U.S. Trade Pact Ends Key Protections for U.S. Companies

New Mexico-U.S. Trade Pact Ends Key Protections for U.S. Companies

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The new trade agreement between the U.S. and Mexico ends important legal protects for U.S. businesses that operate in Mexico, leaving many operations there exposed to more risk ...

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DowDuPont Cuts Forecasts After $4.6 Billion Writedown

DowDuPont Cuts Forecasts After $4.6 Billion Writedown

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Chemicals group DowDuPont that was formed in last year’s merger of $130 billion announced a non-cash $4.6 billion writedown while also warning it was forced to lower it forecasts ...

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