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News & Updates

May 16, 2016 American retail is transforming before our eyes — and it's a nightmare for these companies

Source: Business Insider

Macy's said sales plummeted, Nordstrom's sales were bad, and Kohl's disappointed. Gap's preliminary results highlighted weak spots in the business, and JCPenney disappointed as well.

May 13, 2016 Honda to Recall 21 Million More Vehicles to Fix Takata Air Bags

Source: Bloomberg

Honda Motor Co.’s annual profit fell again on the costs of recalling four times the number of vehicles it made last year to replace Takata Corp. air bags. Now a stronger yen will weigh on prospects for a rebound.

May 13, 2016 McDonald's testing fresh, not frozen, hamburger patties

Source: USA Todau

The fast-food chain is testing hamburgers made from fresh beef in 14 locations in the Dallas area, the company says. Instead of frozen patties, burgers like the Bacon Clubhouse and Double Quarter Pounder with Cheese are being...

May 13, 2016 VW’s Europe Market Share Slumps to Five-Year Low on Scandal

Source: Bloomberg

Volkswagen AG’s European market share narrowed for an eighth consecutive month since the German carmaker’s admission to rigging diesel cars to cheat on emissions tests, as BMW AG and Mercedes-Benz wooed buyers with sport utility...

May 12, 2016 This compromise could be the beginning of the end for Uber - Editorial

Source: NY Post

On Tuesday, Uber said it would let the drivers form a group — the Independent Drivers Guild — to advocate for them. But it won’t be a union and can’t bargain contracts.

May 11, 2016 Lumber Liquidators Plummets as Losses Mount, Sales Slide Lingers

Source: Bloomberg

Lumber Liquidators Holdings Inc. tumbled after reporting first-quarter results that were weaker than expected, showing that allegations it sold tainted flooring continue to dog the chain.

May 11, 2016 Treasury Department calls for more oversight of online lending industry

Source: MarketWatch

The U.S. Treasury Department on Tuesday called for more oversight over online lending, one day after the biggest and most successful of the online lenders, LendingClub Corp, pushed out its chief executive for alleged self-dealing...

May 11, 2016 Office Depot/Staples Merger Off: FTC Still Entirely Wrong On Definition Of Antitrust

Source: Forbes

A federal judge has sided with the Federal Trade Commission in a ruling over the Office Depot ODP +% and Staples SPLS +0.53% merger. That merger is now off as a result. That we should be wary of the creation of monopolies, even...

May 11, 2016 Disney misses analysts' expectations for second quarter and discontinues Infinity gaming line

Source: LA Times

The Walt Disney Co.'s film studio led the Burbank company to a 2% increase in profit for the fiscal second quarter, but the company missed analysts' expectations.

May 10, 2016 The median female CEO actually out-earned her male peer in 2015

Source: Washington Post

The gender pay gap is a persistent phenomenon, research shows, affecting women ranging from young female college graduates to mid-career mothers to even groups of top executives.

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