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Sony Saga Moves From Document Leaks To Terror Threats (SNY)

Sony Pictures Entertainment has been trying to deal with the fallout of having its computer systems taken down by hackers and multiple leaks of thousands of sensitive documents, including employees’ social security numbers, salary information, and private emails. Now, the company is dealing with terrorist threats made by the hackers to punish those who view […]

Boeing Announces Share Buyback Increase (NYSE:BA)

Boeing Co. has announced that the company would be increasing its quarterly dividend and boosting its share buyback plan. The Chicago-based plane manufacturer said that it would be boosting its quarterly dividend by 25 percent for its shareholders. The payout will be payable March 6 to shareholders of record as of Feb. 13. The dividend […]

RadioShack To Adopt Cost Reduction Plan To Slow Losses (RSH)

RadioShack is planning to adopt a cost reduction plan that is designed to reduce expenses enough to slow the losses the company has been suffering each quarter. In the company’s latest earning announcement, the company reported its eleventh straight quarterly loss. RadioShack is best known for being the premier seller of batteries and obscure electronic […]

Tesco Reduces Profit Estimate For Fiscal Year (TSCO)

Tesco recently released a statement regarding its earnings that reduced the company’s profit estimate for the year by a significant amount. The company revealed that its trading profit would not exceed 1.4 billion pounds, or about $2.2 billion for the financial year (trading profit excludes certain gains and losses on property and other items). Analysts […]

Citigroup Warns Of Multibillion Dollar Charge In Fourth Quarter (C)

Citigroup has made an announcement to investors about an expected $2.7 billion charge that will be taken by the company in the fourth quarter to pay legal expenses. The bank is currently dealing with multiple investigations into its business practices. Citigroup’s legal team is in talks with federal prosecutors and banking regulators to try and […]

Virgin Group Launches Virgin Cruises

Virgin Group has announced that Virgin Cruises has been launched in the Miami/Fort Lauderdale area. The new venture aims to take on the established cruise industry by providing vacations that are intensely focused on the customer’s comfort and experience. The Virgin Group found itself flush with cash after placing Virgin Money on the London Stock […]

Starbucks Opens New High-End Store In Seattle (SBUX)

Starbucks is opening a new retail chain for coffee connoisseurs called the Starbucks Reserve Roastery and Tasting Room. The new chain will only sell premium coffees from around the world. Eventually, the company plans to have 100 Starbucks Reserve Roastery and Tasting Room locations throughout the United States. The flagship location for the chain has […]

Barnes & Noble To Pay Microsoft For Nook Stake (BKS)

Barnes & Noble has announced that it would be paying Microsoft $62.4 million in cash and 2.7 million company shares to relinquish the company’s stake in its Nook business prior to the spin-off of the unit. In 2012, Microsoft invested $300 million for 17.6 percent stake in the Nook e-book reader. The partnership with Microsoft […]

Honda Announces Nationwide Expansion Of Airbag Recall (HMC)

Honda Motor has announced that it is expanding its recall of Honda vehicles containing Takata airbags nationwide. The Takata airbags have caused a safety crisis in the auto industry this year, causing more than 11 million vehicles to be recalled. An executive with Honda stated that the company is going to make a significant efforts […]

Sony Secrets Leaked After Hacker Attack (SNE)

Sony Pictures Entertainment was the subject of a devastating hacking attack recently and the hits just keep coming for the company. The hackers have now released numerous Sony secrets online, including the salaries of its employees and executives as well as five complete Sony pictures that are currently in theaters or due to be released […]

Wells Fargo Charged With Unfair Lending Practices In Illinois (WFC)

Wells Fargo & Co. has been charged with using unfair lending practices against minority and female borrowers in the state of Illinois. The company is accused of placing its financial interests higher than the interests of the borrowers whose loans it was servicing, extending thousands of loans that the borrowers could never hope to repay. […]

European Parliament Thinks Google Should Be Broken Up (GOOG)

A vote by the European Parliament has shown that the governmental body believes that Google should be broken up into several different companies. The vote was approved with 384 in favor and 174 opposed. However, the resolution was nonbinding and will have little impact on Google’s operations in the near future. Although the vote is […]