Business and Financial News

Kylie Jenner Crushes Snapchat Stock With Tweet (February 22, 2018): Kylie Jenner tweeted that she doesn't use Snapchat anymore and shares of the parent company, Snap, plummeted.

Economy Loses 33,000 Jobs in September. First Loss in Seven Years (October 6, 2017): The economy lost 33,000 jobs in September. This was the first negative monthly jobs report in seven years.

Stocks Fall Sharply on First Day of September (September 1, 2015): Stocks fell sharply on the first day of trading in September. China's economy and oil prices are once again the concern.

Stocks Set to Open Much Lower as Selloff Continues (August 24, 2015): Stocks are set to open much lower as last week's selloff continues on Monday morning. DOW futures are down over 600 points.

Porsche Claims Best Half-Year in Company History (August 1, 2015): Porsche says it had the best half-year in its corporate history. It sold 30% more vehicles in the first half of 2015 than in the first half of its fiscal 2014.

Fitbit Celebrates IPO With Workout Event Outside NYSE (June 23, 2015): Fitbit celebrated its successful IPO with a workout event outside the NYSE yesterday. It trades on the ticker symbol FIT.

FitBit Plans to Raise $358 Million Through IPO (June 4, 2015): FitBit is planning to raise money through a public IPO. The company plans to raise $358 million.

Zillow Acquires Trulia for $2.5 Billion in Stock (February 17, 2015): Zillow has completed its acquisition of competitor Trulia for $2.5 billion in stock.

Apple Reportedly Ordered Suppliers to Make 5 to 6 Million Apple Watches (February 17, 2015): Apple is ready for big Apple Watch sale. Reports indicate the company has ordered 5 to 6 million units.

Iconix to Acquire Pony Athletic Brand and Strawberry Shortcake (February 16, 2015): Iconix has announced plans to by the athletic brand Pony and the children's Strawberry Shortcake brand.

McDonald's CEO Don Thompson to Step Down (January 28, 2015): McDonald's CEO Don Thompson is stepping down. He will be replaced by Steve Easterbrook on March 1st.

Apple Records Monster Profit on Record iPhone Sales (January 27, 2015): Apple recorded a monster profit during its fiscal 2015 Q1 quarter ending December 27, 2014.

Stocks Fall on News of Weak December Retail Sales (January 14, 2015): Retail sales were weak over the holiday period. This has spiked concerns about the economy.

Constellation Reports Higher Revenues on Strong Corona and Modelo Sales (January 8, 2015): Constellation Brands is reporting higher revenue thanks to an increase in sales of Coronoa and Modelo.

JCPenney Reports 2014 Holiday Sales (January 6, 2015): JCPenney reported its 2014 holiday sales today. The company had a good holiday period up 3.7% over last year.

Stocks Fall as Oil Prices Continue to Drop (January 5, 2015): Stocks fell today as oil prices continued their plunge. Crude oil fell below $50 a barrel.

U.S. Gas Prices Continue Falling. Average in Two States Dips Under $2 a Gallon (January 4, 2015): U.S. gas prices are continuing to fall. The average gas price in two states has dipped under the $2 a gallon mark.

Tim Hortons Shareholders Approve Sale of Company to Burger King (December 9, 2014): Tim Hortons shareholders have approved the sale of the doughnut and coffee chain to Burger King.

Google to Buy Skybox Imaging, a Provider of Satellite Imagery (June 10, 2014): Google has announced plans to buy Skybox Imaging, a company that provides satellite images.

Google is Top Global Brand According to Millward Brown Report (May 27, 2014): Google is ranked number one on the 2014 BrandZ Top 100 report from Millward Brown. Google was followed by Apple, IBM, Microsoft, McDonald's and Coca Cola.