Michael Smith
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Over 100 American Apparel Employees Protest Job Cuts At Company Headquarters
Over 100 American Apparel employees have protested new company plans to cut jobs and shut down stores that are not meeting sales requirements. The workers have assembled outside the retail chain's headquarters in downtown Los Angeles, Biz Journals reports.
BlackBerry Ltd Names Carl Wiese As Head Of Global Sales Amidst Weaker-Than-Expected Sales Growth
BlackBerry Ltd officials have selected Carl Wiese as the company's new head of global sales amidst weaker-than-expected sales growth.
Starbucks Chairman and CEO Howard Schultz And Wife Promise $30 Million For Youth Workforce Initiative
Starbucks Chairman and Chief Executive Officer Howard Schultz and his wife Sheri are promising $30 million for a new youth workforce initiative aimed at hiring over 100,000 young people over the next three years.
Walmart Shares Increase As Online Discount Sale On Over 2,000 Items Begins
Walmart shares have increased following the announcement of an online discount sale taking place this Wednesday.
Albertsons Supermarket Chain Sets $100 Million Nominal Fund Raising Target For IPO
Albertsons, the second-largest supermarket chain in the United States, has set a $100 million nominal fund raising target for its initial public offering.
JPMorgan Chase & Co. To Pay $50 Million In Consumer Refunds After Reforming Credit Card Collection Practices
JPMorgan Chase & Co. is expected to pay a minimum of $50 million in consumer refunds following an investigation of its fraudulent credit card debt collection practices, Reuters reports.
Google's Waze Launches Carpool App In Israel For Work Commuters
Israel-based online mapping company Waze has launched a new carpooling service application, primarily focused on users commuting to and from work.
Dollar Tree Acquires Family Dollar Discount Chain, Forced To Sell 330 Stores
Dollar Tree officials announced on Monday that they have finalized their purchase of Family Dollar, a North Carolina-based variety store chain.
American Apparel Faces Over 20 Lawsuits From Ousted CEO Dov Charney As $30 Million Cost-Cutting Program Begins
American Apparel officials announced on Monday that the company faces nearly two dozen lawsuits from former Chief Executive Officer Dov Charney, who was terminated from his position late last year.
Xiaomi Officials Plan Mobile Phone Market Expansion In Brazil, Mexico And Colombia
One of China's largest smartphone developers has expanded into Brazil and is preparing for new markets in Mexico and Colombia.
Jet Blue Officials Implement 3-Tier Fare System Based On Number Of Baggage Items
Jet Blue is set to implement a new three-tier fare system that is based upon the number of baggage items customers select upon purchasing their tickets, the Associated Press reports. The program was originally announced last November.
GameStop Expected To Reach 2015 Sales Peak
GameStop is expected to reach a sales peak later this year as the market for new video games and consoles remains slow, Seeking Alpha reports.
Pinterest Makes Buyable Pins Available, One Item At A Time
Pinterest developers have officially launched the application's Buyable Pins feature, which allows users to directly purchase items posted on the site.
U.S. Safety Regulators And Honda Officials Confirm 8th Victim Of Exploding Airbag
United States safety regulators and Honda Motor Co. officials confirmed earlier this week that a woman who died in a Los Angeles-area car crash last year was the eighth person killed by faulty airbags produced by Japan-based Takata Corp.
Fiat Chrysler Recalls 164,000 Jeep Cherokee SUVs For Shield Installation
Fiat Chrysler Automobiles officials have announced they are recalling 164,000 Jeep Cherokee S.U.V.s around the world in order to install shields that prevent water from seeping into power rear lift gate controls.
General Motors To Spend $245 Million For An 'All-New Vehicle Program'
General Motors officials announced on Monday that they plan to spend $245 million for an "all-new vehicle program," which is expected to add 300 jobs at its Orion Assembly plant in Michigan.
General Mills Removes Artificial Flavors And Colors Citing Changing Consumer Demands
General Mills officials announced on Monday that it will remove artificial colors and flavors from all of its flagship cereal brands by the end of 2017.
Rep. Bill Shuster Wants To Privatize The U.S. Air Traffic Control System And Curb The FAA's Power
Rep. Bill Shuster of Pennsylvania announced on Monday that he is introducing a bill that would privatize the air traffic control systems in the United States and curb the power of the Federal Aviation Administration (FAA).
Berkshire Hathaway Takes 20 Percent Quota Of IAG's Consolidated Insurance Business
Berkshire Hathaway has purchased a 3.7 percent stake in the Insurance Australia Group (IAG), taking a 20 percent quota from the company's insurance business.
Honda Pulls Plug On Hybrid And Compressed Natural Gas Versions Of Honda Civic
Honda officials announced on Monday that they are pulling the plug on hybrid and compressed natural gas versions of its flagship Honda Civic car. The company also revealed the temporary suspension of plug-in versions of the Honda Accord.
Gap Closes 175 Stores To Focus On High-Performing Locations
Gap officials announced on Monday that it will be closing 175 stores around the world to focus on its high-performing locations.
McDonald's Launches Rebranding Efforts With Appointment Of Former Barcardi Limited And White House Communication Officials
McDonald's officials have appointed Silvia Lagnado, a past chief marketing officer for Bacardi Limited, and Robert Gibbs, former press secretary for President Barack Obama, as leaders for the company's rebranding efforts.
Twitter Shares Rise As CEO Dick Costolo Steps Down
Shares of Twitter rose on Thursday following news that the company's Chief Executive Officer Dick Costolo is stepping down from his position.
Campbell Soup Co. Acquires Garden Fresh Gourmet For $231 Million In Move To Diversify Products
Campbell Soup Co. announced on Tuesday that it will acquire Garden Fresh Gourmet for $231 million as part of its strategy for diversifying products.
Intel's New Venture Capital Fund To Invest $125 Million In Tech Development
Intel has established a new venture capital fund that will invest $125 million in technology and will include underrepresented minorities in its leadership.
Part-Time Chipotle Employees To Receive Added Benefits Including Tuition Reimbursement
Part-time workers at Chipotle will receive added benefits that include tuition reimbursement for students.
Sears Officials Plan To Sell About 235 Properties And Form New Leasing Contracts
Sears officials have announced plans to sell about 235 properties and form new leasing contracts in an effort to raise more than $2.5 billion.
Fiat Chrysler Automobiles Reveals It Was Late In Reporting Five Recalls
Fiat Chrysler Automobiles revealed in a government filing on Thursday that it was late in reporting five safety recalls, ranging from a day to 12 days, USA Today reports.
PepsiCo Launches Stubborn Soda In Response To Demand For Natural Products
PepsiCo has announced that it is launching Stubborn Soda, a naturally-flavored soft drink, in response to rising demands in the consumer market for healthier products.
GameStop Purchases Online Vendor Geeknet In $140 Million Deal
United States-based video game retailer GameStop is set to purchase Geeknet, an online vendor, in a deal appraised at $140 million, Bloomberg reports.