Michael Smith
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GNC Officials To Begin Performing DNA Barcoding On Products Following State Investigation Over Health Concerns
GNC Holdings Inc. employees will begin performing DNA barcoding on store products following an agreement reached with New York state officials over health concerns.
Volvo's Plans 'Complete Renewal' Of Its Products Following Construction Of New United States Factory
Volvo is planning a "complete renewal" of its manufacturing products following the construction of a new factory in the United States.
Amazon's New Home Services Marketplace Includes Painting, Plumbing And Electrical Work
Amazon launched its Home Services marketplace program on Monday, which allows customers to hire experts for painting, plumbing and electrical work, among other domestic tasks.
Moody's Warns Investors Of Atlantic City Debt Defaults After Standard & Poors Downgrade
Moody's Investors Service warned business leaders on Thursday of possible debt defaults in Atlantic City, a city which has recently struggled with decline in tourism and the resort hotel industry.
Lululemon Athletica Sales Increase By 16 Percent Despite Shipping Delays And Inclement Weather
Lululemon Athletica announced its holiday quarter results on Thursday, mentioning that sales increased by 16 percent, despite shipping delays and inclement weather which are both said to have contributed to previous unfavorable sales.
Carlyle Group Chief Executive Officer David Rubenstein Forecasts Increased Foreign Investment In United States
Carlyle Group Chief Executive Officer David Rubenstein revealed during the recent SelectUSA summit that the United States should expect to attract more foreign investment moving forward, despite the strong U.S. dollar deterring many from doing so.
Adidas Investors Probe Chief Executive Officer's Performance As Shares Continue To Drop
Adidas investors are beginning to question the performance of Chief Executive Officer Herbert Hainer as the company continues to receive unfavorable financial results.
China National Chemical Corporation's Pirelli Takeover Is Expected To Double Tire Company's Business
China National Chemical Corporation subsidiary China National Tire and Rubber Company (CNTR) is purchasing Italian tire producer Pirelli following acquisition talks for the stake of Camfin. Camfin is currently Pirelli's largest shareholder.
Volkswagen Execs Announce Plans To Lay Off At Least 150 Workers At Russian Plant
Volkswagen executives have announced that they will lay off at least 150 workers at its car factory location in Russia.
Target Data Breach Victims Expected To Receive Minimal Settlement Options
Victims of Target's recent data breach are expected to receive minimal settlement options: only a few of those affected are likely to get anything, with even fewer getting the maximum $10,000 that they are eligible to receive as part of a $10 million settlement, USA Today reports.
Europe's Ryanair Airline Plans To Launch $15 Transatlantic Flights By 2020
Ryanair, the Ireland-based low-cost airline operating throughout Europe, is planning to launch cheap transatlantic flights by the year 2020, CNN reports.
McDonald’s Workers In 19 U.S. Cities File Health And Safety Complaints
McDonald's employees in 19 cities across the United States have filed complaints with the U.S. Occupational Safety and Health Administration (OSHA) over workplace-related concerns, BBC reports.
Starbucks' 'Race Together' Campaign Targets 60 Million Customers
Starbucks has launched a "Race Together" campaign aimed at sparking conversation about race relations in the United States with the hopes of formulating positive action.
Crowdfunding Platform Patreon Purchases Video Subscription Service Subbable In Deal Expected To Raise Over $25 Million In 2015
San Francisco-based crowdfunding platform Patreon has purchased video subscription service company Subbable, a deal which is expected to raise over $25 million this year alone, Forbes reports.
Auctioneering Giant Sotheby's Appoints Madison Square Garden's Tad Smith For Chief Executive Seat Amidst Earnings Drop
Sotheby's, one of the world's largest auctioneering companies specializing in fine and decorative art, has appointed Tad Smith for its Chief Executive Officer position.
McDonald's Considers Adding Kale To Menu Options As Sales And Popularity Continues To Dwindle
McDonald's is considering adding kale to its menu list, a move many are saying is a response to declining interest in fast-food venues and increased interest in healthier dining.
Express Surprises Analysts With Better-Than-Expected Fourth-Quarter Results
Express has announced better-than-expected results for the company's recent fourth quarter, much to the surprise of analysts' original estimates.
Barnes & Noble Invests In Education Technology: The Largest Bookstore Retailer In The United States Finances Flashnotes And Nook
Barnes & Noble announced earlier this week that it has invested an undisclosed amount of money in Flashnotes, the online student study vendor, Retail DIVE reports.
Urban Outfitters' Same-Store Sales And Revenue Rise Despite Public Relations Mishaps
Same-store sales for retailer Urban Outfitters both increased in 2014, despite encountering unfavorable responses to several of the company's products.
Saudi Arabia’s Prince Alwaleed Bin Talal Wants To Invest In Snapchat
Saudi Arabian Prince Alwaleed Bin Talal recently met with Snapchat co-founder Evan Spiegel to discuss "future potential business cooperation," The Telegraph reports.
New McDonald's CEO Steve Easterbrook Confronts Worse-Than-Expected February Sales
McDonald's Chief Executive Officer Steve Easterbrook, who recently began his role with the company, is confronting worse-than-expected sales for the month of February.
General Motors Ends Proxy Dispute With Activist Investors, Agrees To Buy Back $5 Billion Worth Of Its Stock
General Motors officials have decided to buy back $5 billion worth of its own stock, CBS reports, putting an end to an ongoing feud with activist shareholders.
Shares Of Costco Are Up 32 Percent Following Tax Benefit Program's Special Cash Dividend
Shares of Costco have increased by 32 percent, the company announced in a second-quarter report on Thursday, Forbes reports.
Low Fuel Costs Help Boost Supermarket Operator Kroger's Quarterly Profit By 23 Percent
The largest United States supermarket retailer Kroger Co. has reported a 23 percent rise in quarterly profit, which is partly attributed to low fuel costs, Reuters reports.
Caesars Entertainment Losses $1.01 Billion In Fourth Quarter
Caesars Entertainment Corp. reported losses of over $1 billion during the fourth quarter of fiscal year 2014, the Associated Press reports, mentioning that Caesars Palace casino in Las Vegas did not fare well during the same period.
Cardinal Health Purchases Johnson & Johnson's Heart Products Industry For $1.94 Billion
Cardinal Health is purchasing Johnson & Johnson's Cordis, a medical device business specializing in heart products, for approximately $1.94 billion.
Retailer Costco Switches Partnership With American Express For Visa And Citigroup
Costco, the second largest retailer in the United States, has announced that it has ended its 16-year deal with American Express for credit card transactions and will work with Visa and Citigroup.
PayPal Purchases Mobile Payment Software Company Paydiant
PayPal purchased mobile payment software company Paydiant on Monday in a deal worth $300 million. PayPal purchased mobile payment software company Paydiant on Monday in a deal worth $300 million.
Morgan Stanley Set To Pay $2.6 Billion To Settle Federal Charges Over Mortgage Crisis
Morgan Stanley announced earlier this week that it will pay $2.6 billion to settle charges with the federal government over its role in the mortgage bubble crisis throughout 2008 into 2009.
Hewlett Packard Reports Worse-Than-Expected Financial Results For Fiscal Year 2014
Computer maker Hewlett Packard released its earnings report for fiscal year 2014 earlier this week, reporting worse-than-expected financial results.
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