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Target’s Sales Figures May Indicate Financial Trouble Ahead

Target’s (NYSE:TGT) sales and financial performance have slipped in recent months. Target reported that its second-quarter earnings fell 9.7 percent to $680 million. Adjusted earnings per share totaled $1.23, topping Wall Street’s expectations by 11 cents a share. The retailer said it earned $16.17 billion in revenue in the fiscal second quarter. Analysts had expected Target to report $16.18 billion in revenue. In last year’s second quarter, Target earned $1.22 a share on sales of $17.43 billion. Sales fell 7.2 percent to $16.2... 
 

Tesla Announces $2.6B SolarCity Deal

Tesla Motors (NASDAQ:TSLA) and SolarCity (NASDAQ:SCTY) jointly announced a $2.6 billion stock merger on Monday. Under the terms of the deal, SolarCity shareholders will receive 0.11 Tesla shares for each SolarCity share they own. The deal values each SolarCity share at $25.30, roughly 58 cents below where the shares ended trading on Monday. Elon Musk is the chairman of SolarCity and chief executive of Tesla Motors. Tesla submitted a proposal to Lyndon Rive, the chief executive of SolarCity, to acquire the company June 20. That proposal had a higher... 
 

Yelp Fighting Back Against Bad Review Lawsuits

Yelp (NYSE:YELP) is now publicly shaming businesses that threaten to sue their customers for negative reviews. Now, any businesses that files a lawsuit, or threatens to file a lawsuit, because of a bad review will have their page marked with a public warning. Yelp’s senior vice president, Vince Sollitto announced the policy in a blog post on the site. The warning will take the form of a pop-up alert that reads, “Consumer Alert: Questionable Legal Threats. This business may be trying to abuse the legal system in an effort to stifle free speech,... 
 

Coca-Cola Beats On Income, Misses On Revenue

The Coca-Cola Co. (NYSE:KO) beat analysts’ estimates for net income in the second quarter when it posted earnings on Wednesday. The company reported that net income rose to $3.45 billion, or 79 cents a share, for the quarter. That compared with earnings of $3.11 billion, or 71 cents a share, in the year-ago period. Excluding certain one time items, Coke said it earned 60 cents a share, beating analysts’ estimates of 58 cents a share, according to Thomson Reuters. Coke has surpassed Wall Street’s expectations for six straight quarters... 
 

Union Pacific Second Quarter Results In Line With Expectations

Union Pacific Corp. (NYSE:UNP) announced during its earnings call that its second-quarter profit fell, but remained in line with Wall Street’s expectations. The company reported net income of $979 million, or $1.17 per share, down from $1.2 billion, or $1.38 per share, a year ago. Analysts polled by Zacks Investment Research predicted earnings of $1.17 per share on average. The railroad’s revenue declined 12 percent year-over-year to $4.77 billion, slightly lower than the $4.79 billion expected by analysts. The railroad reported that it... 
 

Marriott International Launches New Business Travel Initiatives

Marriott International (NASDAQ:MAR) has announced the launch of a number of initiatives that underscore Marriott’s commitment to business travelers and meeting attendees. This year, Marriott is expanding its meeting spaces across it’s portfolio. Marriott has also launched its MeetingsImagined.com website, which connects meeting planners with images and articles from more than 750 Marriott hotels. Business travelers at 4,200 Marriott properties globally will now have access to mobile check-in and check-out. Netflix in-room entertainment... 
 

Wells Fargo Second Quarter Results Meet Expectations

Wells Fargo reported earnings results for the second quarter that were roughly in line with analysts’ expectations. The San Francisco-based bank reported a profit of $5.56 billion, or $1.01 a share, lower than the $5.72 billion, or $1.03 a share, reported in the same period of 2015. Revenue was $22.16 billion. Both were in line with analysts’ expectations. During the first quarter, the bank’s return on equity reached 11.7 percent, the lowest ROE for the bank since the fourth quarter of 2010. This was down from 11.75 percent last quarter and... 
 

Chipotle Shares Fall On New Health Scare

Chipotle Mexican Grill Inc. (NYSE:CMG) saw its shares take a dive Thursday after concerns about food safety at the burrito chain were revived. Shares of Chipotle were down 2 percent at $393.21 per share midday Thursday after falling as much as 3.7 percent to a session low of $386.21 earlier in morning. Prior to last year’s highly publicized food safety issues, the company’s stock traded above $750. The reaction shows just how sensitive Chipotle currently is to food safety concerns. The new concerns came as best-selling author Eric Van... 
 

Volkswagen To Pay $15B In Penalties To U.S. For Emissions Cheating

Volkswagen has announced that it has reached an agreement to pay about $15 billion in penalties in a settlement with U.S. regulators over the company’s use of devices that let it cheat on emission tests. Volkswagen also settled an inquiry by attorneys general in 42 states, the District of Columbia and Puerto Rico over defrauding consumers for $500 million in penalties. The company is still facing a criminal investigation in the United States. As part of the settlement, Volkswagen will offer to buy back the cars based on prescandal, “clean trade”... 
 

New York Passes Strict Advertising Law Aimed At Airbnb

New York State legislators passed a bill today that will heavily fine hosts on Airbnb and other short-term rental sites for listings that violate the state’s short-term rental laws. The bill prohibits online apartment listings that last under 30 days and run up against the city’s multiple dwelling law. The bill calls for heavy fines for violators: $1,000 for the first violation, $5,000 the second time, and up to $7,500 for the third. The legislation cleared the New York state Senate by an overwhelming margin and now goes to the desk of New... 
 

Snapchat Hoping Marketers Will Embrace New Ad Platform

Snapchat announced the launch of Snapchat Partners today, an advertising API (application programming interface) that is partnering with more than 20 tech companies. The new program was launched to increase advertising on the platform. Snapchat says that the API will make it easier for marketers to buy ads on the platform. According to a study from L2, which examined hundreds of marketers across sectors, brands average 26 posts per week on Snapchat. However, nearly one-third of brands with a Snapchat account don’t even post once a month on... 
 

General Mills Launches Tiny Toast Cereal

General Mills (NYSE:GIS) has launched its first new cereal brand since 2001, a fruity offering called “Tiny Toast.” Unveiled on Monday, Tiny Toast features pieces of crunchy “toast” made from whole grain oats and corn cereal covered with powdered real fruit. It comes in two flavors, strawberry and blueberry. After being in development for more than a year, the new cereal is scheduled arrive on store shelves this month. Tiny Toast is General Mills attempt at making real tasteful fruit cereals. Most fruity cereals do not smell... 
 

Amazon Alexa Skills Now Top 1,000

Amazon’s (NASDAQ:AMZN) intelligent assistant Alexa has just hit an impressive milestone. Today, Amazon announced that its Alexa app store has grown to over 1,000 skills. In January of this year, Alexa’s skills section had only about 130 apps. Several of the more notable additions to Alexa’s selection of skills include those from Capital One, Domino’s, Fitbit, KAYAK, SmartThings, and Uber. In today’s release, Alexa director Rob Pulciani said, “Today, we have a vibrant community of tens of thousands of developers who are learning... 
 

New Household Robot From Asus A Big Hit At Computex

The new Zenbo robot from Asus (ASUUY) was revealed at the Computex trade show in Taipei on May 29, 2016. The Zenbo robot, which will cost $599, is described as a home robot designed to be different things to different family members. Purchasers can use it as smart home manager, security guard, hands-free kitchen assistant, family photographer and more. At first glance, the robot looks like a cross between ET and the robot BB-8 from Star Wars. The robot stands about two feet high, can understand spoken commands, and rolls around on its own on its... 
 

Verizon Seeks Court Orders Against Striker Harassment

Verizon Communications (NYSE:VZ) has sought court orders in New York, Pennsylvania, Massachusetts and Delaware imposing restrictions on picketing workers. Verizon complained to the courts that the strikers have been harassing and threatening its replacement workers. The company also complained that the striking workers were picketing hotels where the replacement workers are housed and blocking access to its work locations. About 40,000 workers registered with the Communications Workers of America and the International Brotherhood of Electrical Workers... 
 

Abercrombie & Fitch Reports Disappointing Numbers For 1Q

Abercrombie & Fitch (NYSE:ANF) reported a disappointing first quarter as more consumers shift their spending to online shops and fast-fashion chains. For the period ended April 30, New Albany, Ohio-based Abercrombie lost $39.6 million, or 59 cents per share. This was more than the 50 cents per share loss estimated by analysts polled by Zacks Investment Research. A year ago, Abercrombie reported a first-quarter loss of $63.2 million, or 91 cents per share. The company reported that revenue declined 3.4 percent, to $685.5 million from $709.4... 
 

Bayer And Monsanto Keep Mum On Merger Terms

In some of the most surprising news of the week, German drugs and chemicals company Bayer has made an unsolicited takeover proposal to Monsanto (NYSE:MON), a U.S. seeds company. A press release from the company announced, “Bayer executives recently met with executives of Monsanto to privately discuss a negotiated acquisition of Monsanto.” Monsanto confirmed the news with a statement said that its board was reviewing the proposal. However, neither Monsanto or Bayer released the proposed terms of the takeover deal. A merger between Monsanto and... 
 

Amazon To Take On Grocery Chains With Private Label Products

Amazon (NASDAQ:AMZN) is reportedly preparing to unveil its own private-label brand for foods and household items. The Seattle-based online retailer plans to sell private label nuts, spices, tea, coffee, baby food and vitamins, according to a report in the Wall Street Journal. Amazon is expected to introduce the new lines in the coming weeks. Sources are saying that Amazon could start rolling out these products as early as end of May or early June. The products will only be available to Amazon Prime members, who pay $99 a year for inclusion in the... 
 

Payday Lenders No Longer Welcome On Google Ads

Google has announced that it will no longer be showing ads for payday lenders, effectively barring them from advertising on the platform. Google is defining payday loans as loans due within 60 days of being issued. Google is also banning ads in the US for loans with an annual interest rate of 36 percent or higher. Other types of loans, like car and student loans, can still be advertised. The new policy goes into effect next month starting June 13th. After that date, the ads that appear on the top and right-hand side of a search results page will... 
 

Fiat Chrysler And Google Partner On Self Driving Minivans

Fiat Chrysler Automobiles has announced that it is forming a partnership with Google to develop 100 self driving minivan prototypes. The two companies will be working to create 100 self driving Chrysler Pacifica hybrid minivans. Fiat Chrysler’s CEO, Sergio Marchionne, said the Chrysler Pacifica minivans produced with Google will look physically different than the regular models after Google installs its sensors and self-driving technology. The 2017 Chrysler Pacifica is on sale now at dealerships. The companies plan to co-locate engineering... 
 

Aeropostale Blames Supplier For Bankruptcy Filing

Struggling teen apparel retailer Aeropostale Inc filed for Chapter 11 bankruptcy protection on Wednesday. In an unexpected twist, the company is blaming another business for its financial woes, namely Sycamore Partners, its main lender and the owner of a critical supplier for the company. Aeropostale asked a court for permission to investigate Sycamore Partners, claiming that the company deliberately forced its deterioration. In the filing submitted to the United States Bankruptcy Court for the Southern District of New York, Aeropostale’s Chief... 
 

Future Looks Bleak For The Sports Authority

Last week, The Sports Authority gave up hope it could re-organize under bankruptcy protection. Now, the company is planning to auction itself off to the highest bidder. The company is planning to sell almost all of its assets at a court supervised auction on May 16. The Sports Authority has not yet said whether it will shutter its entire fleet of stores. The company currently employs approximately 15,000 workers in 41 states. In January, Sports Authority failed to make a $20 million debt payment. In March, the retailer filed for Chapter 11 protection... 
 

You Can Watch NFL Football On Twitter On Thursdays This Fall (NYSE:TWTR)

Starting this fall, NFL fans will be able to watch the Thursday games via Twitter. The announcement was made by NFL commissioner Roger Goodell on his Twitter feed in his first Tweet in 19 months. The games will appear on Twitter’s mobile and desktop apps, as well as on video game consoles that use Twitter apps, such as Microsoft’s Xbox. The rights package also includes in-game highlights of the Thursday games and pregame Periscope broadcasts from players and teams. The agreement between the NFL and Twitter is a one year deal, although the exact... 
 

Amazon Adds More Dash Buttons To Its Offerings (NASDAQ:AMZN)

Amazon has announced an expansion of its Dash Buttons product line from the current 30 to more than 100. The expansion now includes several in the food and drink space, as opposed to being limited to consumer packaged goods. New brand additions include Brawny, Charmin, Clorox, Doritos, Energizer, Gain, L’Oreal Paris Revitalift, Lysol, Peet’s Coffee, Playtex, Purina, Red Bull, Slim Jim, Snuggle, Starbucks, Trojan, and Vitamin Water, among others Amazon Dash Buttons are Wi-Fi connected, push-button devices that let you buy products from Amazon... 
 

Bankruptcy May Be Best Option For SunEdison (SUNE.N)

U.S. solar energy company SunEdison Inc. is at “substantial risk” of bankruptcy, according to a warning from one of its two publicly listed units. SunEdison had debt of $7.9 billion as of Sept. 30, excluding its yieldcos, and cash and cash equivalents of $1.3 billion. If it goes forward, the bankruptcy would be one the largest involving a non-financial company in the past 10 years. Earlier this month, SunEdison said it had identified material weaknesses in its financial reporting controls. On Monday, the Wall Street Journal reported... 
 

Caterpillar Predicts Earnings Miss For Q1 (CAT.N)

Caterpillar Inc. reported that it expects its first-quarter results to fall below Wall Street expectations. Caterpillar has predicted that its sales for the first quarter of 2016, ended March 31, will come in at $9.3 billion to $9.4 billion. Analysts expected first quarter sales closer to $10.3 billion. Caterpillar said profit for the quarter would be 50 to 55 cents per share, or 65 to 70 cents per share excluding restructuring costs. Analysts predicted profit of 97 cents per share, excluding restructuring. Caterpillar’s mining product sales... 
 

Echo Aiming To Be Amazon’s Next Billion Dollar Business (NASDAQ:AMZN)

The popularity of the Echo by Amazon is making many believe that it will be the next big thing in consumer technology. The Echo is a screenless, voice-controlled household computer that can perform a variety of tasks, including playing music, reading the news and weather, keeping a shopping list, and ordering products. Some are now suggesting that the Echo is on the path to become Amazon’s next $1 billion business. The Echo was first introduced to the market in late 2014. According to reviews posted on Amazon, consumers are loving the device.... 
 

Honeywell Ends Attempts At United Tech Merger (NYSE:HON)

Honeywell International Inc has ended its bid to acquire rival aircraft parts maker United Technologies Corp. in a proposed $90.7 billion deal. A combination of the two would have created a company with nearly $100 billion in revenue. The company cited United Technologies’ unwillingness to engage in negotiations as the reason for ending the merger attempt. United Tech rejected Honeywell’s offer last week, saying that regulatory delays, required divestitures and customer concerns would outweigh any synergies from combining the companies.... 
 

SiriusXM Sees Success In The Embrace Of The Auto Industry (NASDAQ:SIRI)

SiriusXM has become a financial powerhouse at a time when other radio and digital music outlets are struggling to make a profit. Last year, the company reportedly earned $510 million on $4.6 billion in revenue. The company attributes most of its success to its presence in cars across the nation. According to the company, 75 percent of all new vehicles sold in the United States come with satellite radio installed. SiriusXM has nearly 30 million people paying for radio, a form of media that has always been free. With more than 175 channels, SiriusXM... 
 

20th Century Fox Cruises To A Record With Deadpool (NASDAQ:FOX)

20th Century Fox’s R-rated Deadpool, starring Ryan Reynolds, broke box office records during its opening weekend. The movie earned about $135 million over the Valentine’s Day weekend at North American theaters. Previous estimates of expected ticket sales hovered around $70 million. The results mean that Deadpool had the biggest domestic opening on record for an R-rated movie. The new record displaced “The Matrix Reloaded,” which took in $118.3 million in May 2003 (after adjusting for inflation). Deadpool could realistically take in another... 
 

Chesapeake Energy Not Seeking Bankruptcy Protection (NYSE:CHK)

Chesapeake Energy has formally made a statement that it would not be seeking to enter bankruptcy protection, as fears of just that spooked many of its stockholders. A news report recently stated that the natural gas producer had retained attorneys who were known to specialize in helping companies restructure their debt. The law firm, Kirkland & Ellis LLP , describes itself as a law firm that works with clients on litigation, taxes, intellectual property and restructuring matters. Share prices for Chesapeake Energy stock were down more than... 
 

Could Weight Loss Indicate Alzheimer’s Disease?

More recent Alzheimer’s Disease studies have revealed some astounding new information about brain degeneration and dementia to shed some light on the foundations for this tragic, old-age condition. For example, we now know that, while Alzheimer’s Disease is a condition which affects those of advanced ages, signs of cognitive decline related to dementia—and Alzheimer’s Disease, in particular—can begin as early as a person’s 20’s. A new study also indicates that significant weight loss, later in life, might be a sign... 
 

Dogs Are, In Fact, Capable of Human Emotion..Sort Of

The canine has long been Man’s greatest animal companion, a la “Man’s Best Friend.” But while their loyalty is without question we have not always, necessarily, understood the somewhat mystical bond we have with dogs. A new study from the combined efforts of research out of the University of Sao Paulo, in Brazil, and the University of Lincoln, in the United Kingdom examined 17 domesticated dogs to determine that these remarkable animals are actually capable of recognizing human emotions by combining information they gather from their different... 
 

US Senate Investigation Over Duodenoscope Risk Concludes

Wrapping up a U.S. Senate investigation, authorities have concluded that dozens of medical patients were, unfortunately, infected with potentially deadly bacteria from exposure to tainted to medical scopes. More important, outbreaks of this bacteria persisted because device manufacturers, hospitals, and state regulators failed to report related outbreaks. Through the investigation, authorities said they found at least 25 outbreaks associated with the medical device known as the duodenoscope. This is several incidences more than they expected to... 
 

Autonomous Vehicles Making Small Steps Forward

It has been years since Google (and others) began working on technology for a self-driving vehicle. And while the count is up to 7 companies with autonomous vehicles in development (and currently testing on roads in California) there is still more work to be done. On the plus side, the latest report from Google (and the California Department of Motor Vehicles) found that, collectively, these vehicles covered 523,958 miles these vehicles covered between September of 2014 and December of 2015, 424,331 were covered by Google. On the minus side, though,... 
 

Netflix CEO To Invest $100 Million in Education Fund

Netflix has been in the news quite a bit over the past few years, and for good reason. For one, streaming media has grown immensely in popularity, continuously for the past decade or so, which is what has led federal authorities to consider listing the internet as a utility. Of course, Netflix has also been working feverishly to develop original content which has really helped to put pressure on traditional programming networks. As an online, subscription-based, media source, Netflix has a bit more freedom in the depth and breadth of programming,... 
 

Could Apple Acquire Time Warner ?

The current age will likely be remembered by many as an era fettered with corporate mergers and buyouts. In some cases, these moves keep companies alive, but in others it only means that those at the top get that much more powerful. Sometimes, though, the move might be one of greater symbiosis. For example, Time Warner is for sale, according to a recent press release, and many firms on the move are currently considering the buy. AT&T is one such company, as well as 21st Century Fox. As a matter of fact, Fox actually made a bid to acquire Time... 
 

The Perrigo Company Recalls Children’s Cough Syrup

Children’s cough syrup is among the most commonly purchased medicine in any family household. These medications are formulated with the same drugs as adult cough medicines but in dosage amounts better suited for children. Of course, that is the hope: unfortunately, The Perrigo Company has distributed some children’s cough syrup products which include incorrect dosage amounts on the dosage cups. These improper markings could lead to improper dosages, which health officials, of course, are concerned could lead to overdose. Thus, The Perrigo Company... 
 

AbbVie, Genentech Partnership Could Get FDA Approval for New Leukemia Drug

Cancer has long been one of the most important medical topics but only in the last few years have we seen the medical industry achieve large advances in research, development, and technology in terms of treating this disease. Of course, cancer is tough to treat because while we understand its characteristics, its behavior can be unpredictable and it is not always easy to diagnose; even then, it is even more difficult to treat. These days, we are beginning to understand cancer at not only the cellular level but at a genetic level as well. Still,... 
 

Insanely Popular VLC Media Player Finally Available for Apple TV

Apple has been quite busy over the past decade. With the transition away from Steve Jobs’ more controlled environment into one with a far more wide-reaching product base, the technology company has been quickly innovating their way into the future. With a strong foundation, Apple has already cemented its place into the culture, but as consumer demand and, more importantly, awareness grows, expanding into other fields makes sense. That is not to say it has been an easy transition. Or, rather, that it has not been fraught with obstacles. Still,... 
 

Three Hot Travel Apps You Need To Know About Right Now

The New Year has come and gone and many, now, are probably looking to stick to their New Year’s Resolution. These are never easy as they often require massive changes in lifestyle or perspective. In many cases, committing to your resolution can also be costly. While the most common resolutions usually involve living a healthier life and getting a better job, many also resolve to live a more fulfilling life. And many who opt for this focus also often consider traveling more often. As a matter of fact, many older people advise that one of their... 
 

Royal Bank of Scotland Warns of Collapse in China

About one hundred years ago—nearly a century—the United States faced one of its most traumatic single events in its short history as a nation: the Great Stock Market Crash (of 1929). It was a turbulent time in American History and one that, at least many hope, we have learned from and can prevent from happening again. Unfortunately, it appears, that financiers of the world may not have learned from this mistake as the Royal Bank of Scotland has just warned investors to brace for a “fairly cataclysmic year ahead.” In fact, in a note to bank... 
 
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