Economy news

Campari to Acquire Grand Marnier

Campari to Acquire Grand Marnier

Campari, based in Italy, is the sixth largest world spirits company. It announced on Tuesday that it agreed to purchase Grand Marnier in a deal that values the liqueur maker based in France at 684 million euros equal to $759 million. Campari announced that it was offering Grand Marnier cash […]

GoPro Spends $105 Million to Acquire Two Startups in Video Editing

GoPro Spends $105 Million to Acquire Two Startups in Video Editing

The public market’s continual pounding has bruised and battered GoPro. Over the past 12 months, the action camera makers stock has fallen over 70%, slashing billions of dollars in market capitalization and leaving investors and customers wondering if the company, based in San Mateo, California, whose cameras defined a completely […]

All Day Breakfast Starts At McDonald’s (NYSE:MCD)

All Day Breakfast Starts At McDonald’s (NYSE:MCD)

Instead of cutting off breakfast at 10:30am on weekdays and 11am on weekends, you can now get breakfast at McDonald’s all day. Many customers appear excited for the new all day breakfast options. Some of them said they are happy that they won’t be denied their breakfast items for arriving […]

Bridgestone Buys Pep Boys For $835M (NYSE:PBY)

Bridgestone Buys Pep Boys For $835M (NYSE:PBY)

Bridgestone has agreed to buy Philadelphia-based Pep Boys for $835 million, or $15 a share. Pep Boys currently has 800 stores and 14,000 employees in 35 states. The merger is likely to result in store closings and office consolidations. The West Hunting Park Ave. headquarters of Pep Boys, staffed with […]

Pandora Media Eagerly Awaiting Ruling On Royalties (NYSE:P)

Pandora Media Eagerly Awaiting Ruling On Royalties (NYSE:P)

Pandora Media is eagerly awaiting a legal decision on royalty payments that may have huge consequences for its business. The Copyright Royalty Board, a panel of three federal judges that rule on copyright matters, is set to rule on changes to the royalty rates Pandora and other similar music streaming […]

Alphabet Passes Apple to Become Most Valuable Company in the World

Alphabet Passes Apple to Become Most Valuable Company in the World

Alphabet is now the most valuable company in the world after taking the top spot from Cupertino. California based Apple. However, the quarterly earnings for the company report that is lost more than $3.6 billion in its projects it calls other bets and also known as moonshot projects. According to […]

Amazon Turns Its Focus Towards Employee Satisfaction (NASDAQ: AMZN)

Amazon Turns Its Focus Towards Employee Satisfaction (NASDAQ: AMZN)

Amazon has launched a new initiative to get regular feedback from its employees about their work environments. A new internal system, named Amazon Connections, sends daily questions to employees to collect responses on a wide variety of topics, including job satisfaction, leadership and training opportunities. The company started the program […]

Home Depot Posts Earnings That Smash Expectations

Home Depot Posts Earnings That Smash Expectations

Home Depot, the No. 1 home improvement chain in the United States, posted quarterly sales that were better than had been expected, helped by an increase in demand amidst an improvement in the country’s housing market. Shares of Home Depot, which increased its dividend for the quarter by 17% and […]