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Russian Conflict Affecting Exxon Drilling Plan (XOM)

The recent crisis involving Russia and the Ukraine has begun to affect the drilling plans of Exxon Mobil, one of the world’s largest oil companies. The United States government has ordered American companies to cut off exports to Russian oil exploration activities as part of the latest sanctions against Russia. At issue between Russia and […]

$500 Million Fine Levied Against GlaxoSmithKline (GSK)

GlaxoSmithKline has been charged with a $500 million fine by Chinese authorities as a penalty for bribery in the country. The British pharmaceutical giant was accused of bribing hospitals and doctors so that it could increase its drug prices and reap bigger profits from consumers. The Chinese court claimed that Glaxo made more than $150 […]

Boeing One Of The Winners Of Space Transport Contracts (BA)

According to an announcement made by NASA, contracts worth billions of dollars to build space capsules to carry Americans astronauts to the International Space Station have been awarded to Boeing and the Space Exploration Technologies Corporation, better known as SpaceX. The initial flights under the new contracts are projected to launch in 2017. In recent […]

Communications Workers of America Will Represent American Airlines Agents (AAL)

The National Mediation Board has announced that American Airlines’ customer service agents have voted to allow the Communication Workers of America to represent them as a union. The workers that will be represented by the union include reservation agents and those operating check-in counters and boarding gates. About 14,500 workers will now be represented by […]

Extent Of JPMorgan Breach Still Under Investigation (JPM)

This summer, JPMorgan was the victim of a hacker attack that left scores of customer information vulnerable. Now, several months after the attack, the extent of the breach is still being investigated. Security experts have been hired to conduct an investigation and the Federal Bureau of Investigation has become involved in the case. Unfortunately, much […]

Microsoft Weighing $2 Billion Bid For Minecraft Parent Company (MSFT)

In yet another tech takeover of a smaller company, Microsoft is attempting to purchase Mojang, the parent company of Minecraft, for about $2 billion. This follows Facebook’s recent acquisition of virtual reality headset maker Oculus VR for $2 billion and Amazon’s $1 billion acquisition of Twitch, a streaming video site. Minecraft is available on a […]

Chinese Company Accused Of Stealing Technology From T-Mobile (PCS)

Chinese smartphone maker Huawei Technologies has been accused in court of stealing technology from a T-Mobile laboratory. The lawsuit accuses employees of Huawei of illicitly obtaining access to a T-Mobile laboratory in Bellevue, Washington and violating confidentiality agreements signed by the two companies by stealing parts of a smartphone testing robot, operating software and design […]

Weak Sales Spur Amazon To Slash Fire Phone Price (AMZN)

Due to the weak initial sales of the device, Amazon has decided to slash the price of the Fire phone to 99 cents with a two-year contract with AT&T, the exclusive carrier for the device. That is a price difference of nearly $200 from the time that the phone was released. Individuals that purchase the […]

Chiquita Buyout Bid On Hold After New Offer (CQB)

The buyout bid recently extended by Chiquita Brands International to purchase Irish rival Fyffes for $526 million in stock has been put on hold as a new buyout offer has been put on the table. A pair of Brazilian private companies have offered to buy Chiquita for $13 a share, or about $611 million, which […]

BP Looking At Nearly $18 Billion In Fines As Penalty For Gulf Oil Spill (BP)

A federal judge has ruled that BP is chiefly responsible for the Deepwater Horizon oil rig explosion and corresponding oil spill that polluted the waters of the Gulf of Mexico. Because BP has been ruled responsible, the company could be liable for billions in new civil penalties. BP had been actively trying to lower the […]

Apple Works On Damage Control After Celebrity Accounts Hacked (AAPL)

Apple is in the hot seat after the nude photos of 100 or so female celebrities were apparently stolen from files stored in its iCloud service. Apple’s iCloud service allows users to store photos, media, documents, and other content in the cloud, where they can then access it from any Apple device. A statement from […]

CVS Stores Shift Their Focus To Health (CVS)

CVS has announced an initiative to rebrand their stores as health care destinations. The initiative was originally announced back in February and will be named CVS Health. Cigarette sales will be one of the first casualties of the shift. All 7,700 CVS locations nationwide will no longer sell tobacco products after midnight on September 2. […]