Amazon.com, Inc. (AMZN) Dramatically Changes Course Of Its Strategy On Fashion

Amazon.com, Inc. (NASDAQ:AMZN) is discontinuing its efforts to rope in luxury brands. The chief marketing officer of Amazon's fashion division, Jennie Perry stated that entering the luxury market is not the current priority for...

TransAlta to Use Tesla Batteries in Energy Storage Project in Alberta

TransAlta Corporation (BYSE: TAC) (TSE:TA), a Canadian power generation company, will use the batteries of Tesla Motors (NYSE:TSLA) in a large-scale commercial energy storage project in Alberta. In a statement, TransAlta CEO Dawn Farrel said...

Microsoft Corporation (MSFT) to Cut 1,200 Jobs as it Exits Display Advertising Business

Microsoft Corporation (NASDAQ:MSFT) is planning to shut down its online display advertising business, which would affect 1,200 jobs, according to Bloomberg based on information obtained from people familiar with the matter. The stock price of...

Apple Inc. (AAPL) Starts Production of iPhones with Force Touch Feature

The suppliers of Apple Inc. (NASDAQ:AAPL) started the initial production of new iPhones with Force Touch feature, according to Bloomberg based on information familiar with the situation. Force Touch senses the level of force exerted...

Lululemon Athletica (LULU) Recalls Drawstrings on Women’s Hoodies

Lululemon Athletica (NASDAQ:LULU) recalled the drawstrings used in its women’s hoodies in response to the report that seven consumers sustained injuries in their eyes and faces. According to the U.S. Consumer Product Safety Commission, the...

Sysco Corporation (SYS) Proposed $3.5B Merger Blocked by Federal Court

A federal court blocked the proposed $3.5 billion merger of Sysco Corporation (NYSE:SYY) with US Foods citing the reason that the deal would probably reduce competition. On Tuesday, United States Federal Judge Amit Mehta of...

Is Twitter Inc (TWTR) Ruling Out Jack Dorsey As Permanent CEO?

The board of directors of Twitter Inc (NYSE:TWTR) is looking for an executive who can serve as a full-time chief executive officer. In a note to investors today, Twitter emphasized that it would only consider...

Medicare Fraud: DOJ Charges 243 People over $712M False Billing

The United States Department of Justice (DOJ) filed charges against 243 people including doctors, nurses, home health care providers, and other licensed medical practitioners, who participated in Medicare fraud schemes involving $712 million in...

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