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Amazon Purchases Twitch For $1.1 Billion (AMZN)

Amazon, the biggest online retailer of hard goods, has announced a deal to purchase Twitch for the price of $1.1 billion in cash and stock. The cash portion of the deal totals around $970 million. The Twitch acquisition is the second largest in Amazon’s history after its acquisition of Zappos for $1.2 billion in 2009. […]

Heineken Enters Deal With Crown Holdings For Assets In Mexico (HINKY)

Heineken has announced a deal reached with Crown Holdings Inc. to sell its packaging operations in Mexico for about $1.2 billion in stock and/or cash. The packaging unit, named Empaque, is responsible for creating the cans, bottles and other beverage packaging components used to contain and ship Heineken beer brands, like Heineken, Amstel, Dos Equis […]

Child Labor Violations Reportedly Found At Samsung Supplier (SSNLF)

New York-based China Labor Watch has reported finding child labor violations at a company in China that supplies materials to Samsung Electronics. During an investigation that was conducted throughout July and August, the group reportedly found 10 children working at a factory operated by China-based supplier HEG Technology. The report from the group revealed that […]

Hacker Cyber Attack Hits JPMorgan Chase (JPM)

JPMorgan Chase has become the victim of a hacker cyber attack that exposed volumes of sensitive customer data. Once the hackers gained access to the banks’ networks, they began accessing customer data, according to several sources briefed on a continuing investigation into the crimes. The compromised information includes checking and savings account information. The cyber […]

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 […]