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Russ Weiner Is Selling Rockstar Energy Drinks To PepsiCo, Inc. (NASDAQ:PEP) For Almost $4 billion

Rockstar Energy Beverages founder Russ Weiner has made $3.85 billion following a deal to sell the business to PepsiCo, Inc. (NASDAQ:PEP) even as markets continue to struggle. Weiner sells Rockstar drinks The 49-year-old founder of the energy beverage company almost two decades ago to compete with Red Bull. The company offers a range of energy […]

Twitter Inc. (NYSE:TWTR) Asks Its Employees To Work From Home To Combat Spread Of Coronavirus

Twitter Inc. (NYSE:TWTR) has taken measures to combat the spread of the coronavirus buy asking its employees across the globe to work from home. However, the company has not indicated how long it expects employees to work from home. Twitter urges employees to work from home The company which has around 5,000 employees globally indicated […]

Food Lovers Need A Membership To Enjoy Delicious Treats At Costco Wholesale Corporation (NASDAQ:COST) With Effect From March 16, 2020

Costco Wholesale Corporation (NASDAQ:COST) is famous for serving the customers with delicious and yummy pizza, hot dogs and a lot more. Anyone can purchase delicious snacks from its food court and devour instantly to satisfy their taste buds. It’s awesome treats satisfy the customers’ say from a child to a grandfather. Costco makes membership mandatory […]

Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN), and Apple Inc. (NASDAQ: AAPL) Increase Spending In lobbying

Facebook Inc. (NASDAQ: FB), Amazon.com Inc. (NASDAQ: AMZN), and Apple Inc. (NASDAQ: AAPL) reportedly spent significant amounts in 2019 on lobbying the federal government. This is according to the company’s necessary filings to the government yesterday. Spending by tech companies continues to grow The latest revelations show how the tech giants have been trying to […]

Uber Technologies Inc (NYSE:UBER) Abides To New AB5 Law In California: Uber Users Need To Pay Computed Price At the End Of The Trip

Uber Technologies Inc (NYSE:UBER) has announced an end to price protection for the trip and making changes to the App adhering to the new law – AB5 in California. As per the new law, the users need to pay the final calculated price at the end of the trip than the estimated price. Californian authorities […]

Transport Authorities In London Refuses To Renew Uber Technologies Inc (NYSE:UBER)’s License Citing Safety Risks

Uber Technologies Inc (NYSE:UBER) received a setback in London because the transport authorities have not renewed its license. Other than the booked drivers operate thousands of trips in the British Capital, causing safety risks to the passengers. Uber shares decline Uber’s license to operate in London expires on Monday midnight. It is not the first […]

Occidental (NYSE:OXY) Cuts Spending To Manage Its Losses

Occidental Petroleum Corp (NYSE:OXY) announced that it would be putting on its big projects by 40% next year. This comes after its acquisition of Anadarko Petroleum for $38 billion. This deal contributed to Occidental not meeting its revenue targets, hence, the decision to cut on the spending the coming year. Moreover, the Anadarko deal led […]

Walmart Inc (NYSE:WMT) Adds Alcohol On Delivery Service In California And Florida

Walmart Inc (NYSE:WMT) is planning to offer an alcohol door-to-door pickup service in over 200 stores in California, Florida. The new service allows shoppers to order their products on the Walmart grocery platform. However, the program is subject to the local and state regulations, including the blue laws that limit the sale of alcohol. Currently, […]

General Electric (NYSE:GE) Freezes The Pension Of Its Workers

General Electric (NYSE:GE) says that about 20,000 of its employees won’t be receiving their pension benefits. The company says it will be necessary to freeze these pension benefits in a bid to cut down its debt pile. This move is also targeted towards improving the company’s balance sheet. A close look into the matter An […]

General Mills Inc. (NYSE:GIS) Recalls Gold Medal Unbleached Flour for E. coli Contamination

On Monday General Mills Inc. (NYSE:GIS) announced a voluntary recall of around 600,000 pounds of its Gold Medal Unbleached All-Purpose Flour for the potential presence of E. coli contamination. The recall is for the 120,000 five-pound bags with a “better if used by” date of September 6, 2020. Gold Medal Flour contaminated with E. coli […]

AT&T Inc. (NYSE:T) Should Consider Divesting Non-Core Assets and Focus on 5G Deployment, Says Investor

On Monday, a significant investor in AT&T Inc. (NYSE:T) indicated that the company needed to change its strategy to improve its business performance. The investor claimed that a run of missteps by the management had affected the company’s performance. Elliot Management Corp made the suggestions through a letter addressed to the board. The activist investment […]

Walmart Inc. (NYSE:WMT) And Kroger Co. (NYSE:KR) Request Customers Not To Openly Cary Guns To Stores

On Tuesday Kroger Co. (NYSE:KR) made announcement urging its customers to stop carrying firearms openly to its stores even in states where the law permits citizens to openly carry firearms. The announcement came hours after retail chain Walmart Inc. (NYSE:WMT) made a similar request to customers. The only exempted people who can carry firearms are […]

AT&T Inc. (NYSE:T) And CBS Corporation Common Stock (NYSE:CBS) Strike Multi-Year Deal For U-verse, DirecTV And DirecTV Now

AT&T Inc. (NYSE:T) and CBS Corporation Common Stock (NYSE:CBS) have announced the signing of a new multi-year deal that will allow CBS channels back on U-verse, DirecTV, and DirecTV Now. The two companies revealed on Thursday that the agreement will facilitate the return of the CBS channels to DirecTV, DirecTV Now and U-verse. This includes […]

American Energy Partners Stock Jumps on Acquisition News

At Wednesday’s closing bell, share of American Energy Partners (OTCPK: AEPT) were trading at $0.007.  In Thursday morning action, AEPT has climbed back over the penny mark for the first time since May 29, catapulted ahead by M&A news. The news follows an announcement earlier this month that a letter of intent was inked for […]

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