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Buyouts Start In Time Warner Restructuring (TWX)

As part of Time Warner’s restructuring of its business, the company has announced that it will be offering buyouts to some of their employees before making the determination of which employees to lay off in the next round of cuts. There are some restrictions on who would be offered the buyouts. Employees that are at […]

Online Shopping Puts A Big Dent In Best Buy Results (BBY)

Best Buy has announced disappointing second quarter results and lower than expected revenue. During the quarter, Best Buy’s revenue fell 4 percent to $8.89 billion, lower than the $8.99 billion in revenue that analysts had expected. This is the third straight quarter of lower than expected revenue for the company. Net income dropped 45 percent […]

Burger King May Become A Canadian Company (BKW)

Burger King, an iconic American fast food brand, may soon become a Canadian company. According to a statement by the company, Burger King is in talks to purchase Tim Hortons and base the headquarters of the combined company in Canada instead of the United States. The merger with the Canadian doughnut chain would create the […]

Sears Shareholders Seeing Red After Latest Loss (SHLD)

Sears Holdings recently announced results that revealed that the company had a $573 million loss in the second quarter of the fiscal year. Sears Holdings operates both Sears stores and Kmart stores. At Sears, sales at stores that have been open for more than a year increased by a paltry 0.1 percent. At Kmart, sales […]

Apple Making Changes To Its Practices In China (AAPL)

Apple has announced that the company will be making several changes to its business practices in China. One major change that is being made is that Apple will begin storing its data on users in China on servers provided by China Telecom. China is the world’s most populous country with more than 1.3 billion people […]

Amazon E-Book Price Dispute Spreads To Germany (AMZN)

Amazon’s dispute over the pricing of e-books that it purchases from publishers has spread from the United States to Germany. Amazon has been accused of using the same tactics against the Bonnier Group and their associated authors as it used against publishers in the United States, notably the publisher Hachette. Germany is currently Amazon’s largest […]

Amazon Enlists Top Creative Minds For New Shows (AMZN)

Amazon has enlisted a number of studio executives and talent to create original content for its Amazon Prime video streaming service. Judith McGrath, the former chief executive of MTV Networks, is on board. Also working on Amazon products is Jill Soloway, an Emmy-nominated director and writer working on the new Amazon Prime video series “Transparent,” […]

Potential Bidding War For Family Dollar Stores Anticipated (FDO)

A potential bidding war for Family Dollar Stores is being anticipated after the company received buyout bids from both Dollar Tree and Dollar General. Family Dollar has been under pressure to improve its financial results or orchestrate a sale to another party. The company has reportedly been actively looking for a potential buyer since March […]

King Digital Entertainment Shares Lower After 2Q Disappointment

Shares King Digital Entertainment PLC (KING) were lower on Tuesday after the company reported second-quarter revenue that fell short of expectations and lowered its full-year guidance. The maker of Candy Crush went public in March, earned $165.4 million, or 52 cents per share, in the April-June quarter.  The company’s shares fell $3.95, or 21.7 percent, to $14.25 […]

Bank of America Offers Biggest Settlement Ever

Bank of America has spent months stalling throwing out low numbers for a settlement, but once the government got involved the situation was resolved within 24 hours. The bank has agreed to the largest federal settlement in US corporate history. The tentative deal, which will cost the bank a reported $16 billion, started to form late last […]

Apple Inc: Dr. Dre’s Beats To Lose 200 Employees

You would have thought your job was safe when one of the biggest companies in the free world bought the comany where you were employed, but for 200 workers at headset maker Dr. Dre’s Beats that wont be the case. Not all is lost however. Most will be offered different jobs within the organization, while others […]

GoPro (GPRO) Post Deeper Loss, Shares Go Lower

Just weeks after GoPro (GPRO), the maker of wearable cameras went public, the company saw revenue rise 38% year-over-year, to $245 million. Net loss also widened to $19.8 million, up from $5 million in the previous year, as operating expenses rose. GoPro shares are up 53% since its June IPO, with a market cap of $11 […]