Business

Volkswagen Fined Over A Billion Dollars

VOLKSWAGEN IS TAKING ANOTHER STEP TO MOVE PAST ITS DIESEL EMISSIONS SCANDAL

1/1Volkswagen is taking another step to move past its diesel emissions scandal. Show Caption Hide Caption (CNN) – Prosecutors in Germany have imposed a $1.2 billion fine on Volkswagen. The penalty was announced Wednesday. Volkswagen first admitted in 2015 it had rigged millions of diesel engines to cheat on emissions tests. The Carmaker has accepted the penalty and says it…

H&R Block Closing 400 Locations

H&R BLOCK CLOSING 400 LOCATIONS AND LOWERS OUTLOOK

1/1H&R Block closing 400 locations and lowers outlook. Show Caption Hide Caption (CNN) – H&R Block is closing 400 locations amid a lowered sales and profit outlook for the rest of 2018. The tax preparation service’s CEO said Tuesday most of the locations that will close are smaller stores. The company’s stock was down a whopping 20% on the news…

Judge Rules in Favor Of Time Warner/AT&T Merger

JUDGE APPROVES AT&T-TIME WARNER DEAL

1/1Judge approves AT&T-Time Warner deal. Show Caption Hide Caption (CNN) – In what could be one of the most consequential antitrust decisions in recent memory, a judge has ruled that AT&T can move forward with its $85 billion acquisition of Time Warner. Judge Richard Leon said Tuesday that the deal does not violate antitrust law and can proceed. When AT&T…

Louboutin Wins Fight to Prevent Red Sole Copycats

LOUBOUTIN WINS FIGHT TO PREVENT RED SOLE COPYCATS

1/1Louboutin wins fight to prevent red sole copycats Show Caption Hide Caption (CNN) – Christian Louboutin has won its fight to prevent other designers from from selling copy-cat versions of the company’s signature red-soled stilettos The European Union’s highest court ruled Tuesday that the company’s use of the distinctive red color means that its shoes can be trademarked. The case…

Amazon Expands Whole Foods Discounts

AMAZON-PRIME MEMBERS IN 10 MORE STATES TO GET DISCOUNTS AT WHOLE FOODS

1/1Amazon-Prime members in 10 more states to get discounts at Whole Foods. Show Caption Hide Caption (CNN) – More Amazon-Prime members will be able to save extra cash at Whole Foods. The grocery chain is expanding discounts for Prime-members to ten new states Wednesday and to all of its U.S. stores this summer. Deals include an extra ten percent off…

‘B’ is for Burgers IHOP Reveals Name Change Mystery

IHOP REVEALS THE MYSTERY OF IHOB

1/1IHOP reveals the mystery of IHOb Show Caption Hide Caption (CNN) – All-day breakfast lovers… The mystery has been revealed. Last week IHOP tweeted that it was changing its name to IHOP. Social media was abuzz after the cryptic announcement. What could the “B” stand for? International House of Bacon? Biscuits? Breakfast? On Monday, IHOP finally revealed the mystery. The…

KFC to Test Vegetarian Alternative to Chicken in U.K.

KENTUCKY FRIED WHAT? KFC TO INTRODUCE VEGETARIAN ALTERNATIVE TO CHICKEN AT ITS UK RESTAURANTS

1/1Kentucky Fried What? KFC to introduce vegetarian alternative to chicken at its UK restaurants Show Caption Hide Caption (CNN) – Vegetarians will soon get an option of their own at Kentucky Fried Chicken, but you’ll have to go to Britain to check it out. KFC says it will begin testing a vegetarian alternative to chicken later this year in the…

Apple Warns Suppliers of Declining iPhone Demand

REPORT: APPLE WARNS SUPPLIERS THAT IPHONE DEMAND IS FALLING

1/1Report: Apple warns suppliers that iPhone demand is falling Show Caption Hide Caption (CNN) – Apple may be worried that iPhones are losing popularity. According to a report by Nikkei; Apple is preparing to introduce three new iPhones in the fall. And the company told suppliers to manufacture 20% fewer components for the upcoming devices. A year ago, Apple told…

Mcdonald’s Adding More Touch-Screen Kiosks

MCDONALD'S SET TO INSTALL TOUCH-SCREEN ORDERING KIOSKS AT THOUSANDS OF U.S. LOCATIONS

1/1McDonald’s set to install touch-screen ordering kiosks at thousands of U.S. locations Show Caption Hide Caption (CNN) – Touch-screen kiosks are a hot trend in fast food and McDonald’s is lovin’ it. The fast food giant is planning to install them at thousands of stores across the nation. Part of the reason… Larger orders. McDonald’s CEO Steve Easterbrook says people…

Wells Fargo Selling Branches in 3 Midwest States

WELLS FARGO SAYS IT'S SELLING ALL ITS BRANCHES IN THREE MIDWESTERN STATES

1/1Wells Fargo says it’s selling all its branches in three Midwestern states. Show Caption Hide Caption (CNN) – Wells Fargo is selling all its retail locations in three Midwest states. The bank will sell branches in Indiana, Michigan and Ohio in a scramble to cut costs after a wave of scandals. A Wells Fargo spokeswoman said they remain committed to…