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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 […]

Beyond Meat Reports Growth In Shares As Yum! Brands, Inc (NYSE:YUM) Tests Plant-Based Chicken

Beyond Meat announced partnership struck with KFC. This business alliance will see the business guru add the plant-based fried “chicken” to its mouth-watering menus. The impact has been a massive one. In the early trading periods, the shares of the company shot up by almost 6%. A short while back, KFC had announced that it […]

Ford Motor Company (NYSE:F) Receives Harsh Criticism From U.S President Donald Trump Quality And Emissions

Ford Motor Company (NYSE:F) was on the receiving end of a tweet sent out by President Donald Trump through which he criticized the automotive manufacturer for building expensive vehicles that are less safe. Trump weighed in on automotive companies on Wednesday through the Tweet, with a particular focus on Ford for failing to support his […]

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 […]

Walgreens Boots Alliance Inc (NASDAQ:WBA) Announces Plans To Shut Down 200 Stores In The U.S Due To Cost Cutting

Walgreens Boots Alliance Inc (NASDAQ:WBA) revealed in a regulatory filing on Tuesday that it plans to shut down 200 of its outlets in the U.S as part of its cost-cutting efforts. The company filed a regulatory filing on Tuesday, through which it revealed the plan to close down more than 200 stores in the U.S. […]

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 […]

Court Approves $850 Million Merger of Verano and Harvest Health & Recreation

The Supreme Court of British Columbia has given the green light for marijuana company Harvest Health & Recreation (CSE: HARV) (OTCQX: HRVSF) to combine its business with Verano Holdings, one of the largest multi-state operators (MSO) of cannabis facilities in the U.S.  The $850 million deal was first announced in March as one of the […]

Apple Inc. (NASDAQ:AAPL) Introduces “Sign In With Apple” function

Apple Inc. (NASDAQ:AAPL) Introduced a “Sign In With Apple” feature to rival Alphabet Inc (NASDAQ:GOOGL) and Facebook, Inc. (NASDAQ:FB) web login accounts, illustrating a contrast with peers by emphasizing protection of users’ information. In addition, the company will limit controls on locating tracks. It is trying to come with certain measures which limit the third-party […]

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