Finance

Under Armour Inc (NYSE:UAA) Faces United States Federal Probe Over Accounting Practices

Under Armour Inc (NYSE:UAA) is under federal probe by the Justice Department and Securities and Exchange Commission over their bookkeeping and other accounting practices, according to the company’s statement released on Sunday. The giant sportswear maker started responding in July 2017 to document requests and details pertaining to its accounting processes and relevant disclosures. According […]

Kroger Co (NYSE:KR) Withdraws Ban On Visa Inc (NYSE:V)’s Credit Card At Fuel Centers And Food And Drug Stores

Kroger Co (NYSE:KR) started accepting Visa Inc (NYSE:V)’s Credit Cards at 108 fuel centers and 142 Smith’s Food and Drug Stores and ended the year-long fight. Its customers can make payments at Kroger owned and operated fuel stations and food and drug stores across the seven states in the US. The supermarket chain imposed a […]

Ford Motor Company (NYSE:F) Could Agree To Pay Higher Bonuses and Wages In The Upcoming Negotiations With UAW

Ford Motor Company (NYSE:F) would sit with UAW officials across the table for negotiations and could end up paying more bonuses and wages. The United Auto Workers (UAW) is asking for a pie of the fat profits recorded by the automakers Fiat Chrysler and General Motors Co. UAW settles issues with General Motors After ending […]

Mastercard Inc (NYSE:MA) Is In Talks With Several Partners To Introduce Mastercard Bill Pay Exchange

Mastercard Inc (NYSE:MA) is launching Mastercard Bill Pay that allows users to view, manage, and make credit cards, mortgage, telecom, and utility payments. The users of Mastercard Bill Pay need not maintain different accounts for various billers and remember separate passwords. Bill Pay exchange allows payments using bank accounts The users can make payments from […]

Johnson & Johnson (NYSE:JNJ) To Give Out $4 Billion For An Opioid Litigation Settlement

Johnson & Johnson (NYSE:JNJ) says it will pay out a total sum of $4 billion in settlement of all its lawsuits in the US. This is in line with an opioid addiction epidemic that has touched not only the company but others as well. Details of the litigation settlement The settlement of the deal will […]

MGM Resorts International (NYSE:MGM) Strikes Deals To Stabilize Its Balance Sheet

MGM Resorts International (NYSE:MGM) on Tuesday announced two business deals it is pursuing. The first one is to sell the Las Vegas property known as Circus Circus, which is currently valued at $825 million. Reports indicate that it will be selling out the property to Phil Ruffin, an affiliate of Treasure Island owner. Salem’s remarks […]

ConocoPhillips (NYSE:COP) Divests Australian Assets To Santos Ltd (OTCMKTS:SSLZY) For $1.4 Billion

ConocoPhillips (NYSE:COP) decided to divest Australian business to Santos Ltd (OTCMKTS:SSLZY) and focus on North American operations for $1.4 billion. The assets include a significant stake in Darwin LNG facility, stakes in Athena, Poseidon, Bayu-Undan, and Caldita and the interests in the Barossa gas development project. Following the deal, Santos would strengthen its position in […]

Amazon.com, Inc. (NASDAQ:AMZN) Clarifies Its Stand On 11 Sensitive Matters: Workplace Diversity, Data Privacy, Counterfeit Sales And Regulation

Amazon.com, Inc. (NASDAQ:AMZN) has released a blog post to clarify its stand on 11 sensitive matters that include data privacy, climate change, minimum wages, counterfeit sales, immigration, workplace diversity, and regulation. The company is facing a lot of issues because it penetrates new markets. US Politicians bats for the breakup of Amazon Bernie Sanders, the […]

Kroger (NYSE:KR) and Walgreens Boots Alliance Inc (NASDAQ:WBA) To Test A New Store In Knoxville

It was in the previous year that Kroger (NYSE:KR) and Walgreens Boots Alliance Inc (NASDAQ:WBA) announced their new partnership. In this collaboration, the companies wanted to set up mini “Kroger Express” stores. These were going to be established countrywide in all the test markets. One of the major cities where the new stores are going […]

Twitter Inc (NYSE:TWTR) And Other Companies Prioritize Profits Over User Privacy

Several companies around the globe are guilty as charged of using phone numbers and the data of customers inappropriately. These companies woo users into using two-factor authentication for privacy reasons. However, not all such stories have ended up well. For example, Facebook (NASDAQ:FB) had to pay a fine amounting to $5 billion over the mishandling […]