Caterpillar Using Cost Cutting Measures to Cope with Tariffs
The U.S. placed tariffs on imported aluminum and steel six months ago and Caterpillar Inc. is using a cost cutting strategy to protect its profits….
Headlines
Jack Ma Ends Pledge of Creating One Million Jobs in U.S.
Chinese billionaire Jack Ma’s pledge of creating one million new jobs in the U.S. is the trade war’s latest casualty. The head of Alibaba garnered…
Coca-Cola May Make Cannabis-Infused Drinks
Soft drinks giant Coca-Cola is contemplating moving into the expanding market of cannabis-infused drinks. Coke said through a prepared statement on Monday that it was…
Drop in Same Stores Sales at Sears Eases
On Thursday, Sears Holdings reported its smallest drop in same stores sales for a quarter in over three years, as it continues to thin out…
Verizon 5G Broadband for Home to Launch on October 1
Over the past two years hype about 5G has been going strong, but wireless companies continue promising that launch date are just months away. However,…
Renesas to Buy IDT for $6.7 Billion
Japan-based Renesas Electronics Corp announced that it has agreed to acquire Integrated Device Technology Inc. for the price of $6.7 billion, its second big acquisition…
Kraft Heinz CEO Expecting Prices to Rise, Weighs M&A Deal
Kraft Heinz Co. said it was feeling pinched from the trade conflicts and a rise in costs, but continued to be willing to consider acquisitions…
Starbucks Finally Opens in Italy
U.S. entrepreneur Howard Schultz was inspired 35 years ago to transform Starbucks following a trip to Milan, and the coffeehouse chain has finally opened its…
SUV Sales in U.S. Increase Again During August
Top automakers in the U.S. saw a slight increase in sales during August including another strong rise in sales of SUVs, as strong consumer confidence…
United Raising Prices for Checked Bags
The price of checking bags with United Airlines is now more expensive. As of Friday, the first checked bag on United flights has increased from…