Coverage: Chipotle linked to more E.coli cases
Trouble stays on the menu for Chipotle Mexican Grill after the Centers for Disease Control and Prevention announced a new investigation a rare type of E.coli linked to the popular franchise. The announcement not long after the company’s CEO apologized on national television for the chain’s recent food safety struggles. Yashaswini Swamynathan of Reuters had the […]
Coverage: “Star Wars: The Force Awakens” destroys box office records
“Star Wars: The Force Awakens” opened this weekend to spectacular success. The seventh film in George Lucas’ hugely popular franchise grossed an estimated $238 million domestically and an additional $279 million internationally. Rich McCormick of The Verge summed up the movie’s chart-topping success: As expected, The Force Awakens has achieved a historic opening weekend, toppling […]
Coverage: Pharma CEO Martin Shkreli arrested
He attracted the ire of both the media and the public just months ago, and it seems the year continues to get worse for Turning Pharmaceuticals CEO Martin Shkreli. On Thursday morning, federal officials arrested Shkreli on multiple securities and wire fraud charges for his part in what prosecutors called a “Ponzi scheme.” None of […]
Coverage: The Fed finally raises rates
For the first time since 2006, the Federal Open Market Committee agreed to raise interest rates from 0 percent to 0.25 percent. The decision marks the end of a long debate surrounding Chairwoman Janet Yellen and her team’s decision. Jeff Cox of CNBC had the day’s news: At long last, a rate hike for the history books. After […]
Coverage: Howard Stern renews deal with SiriusXM
Howard Stern renewed his five-year contract with SiriusXM for the third time, the company announced Tuesday. No financial terms were disclosed in the announcement. David Bauder of The Associated Press had the day’s news: Much has changed for Howard Stern and SiriusXM since their first deal a decade ago – except for their desire to […]
Coverage: Samsung takes Apple to Supreme Court
Samsung continues to throw the kitchen sink into its lawsuit with competitor Apple, filing on Monday a petition with the U.S. Supreme Court to review its long-term patent battle with its Californian competitor. In the original suit, Samsung was ordered to pay Apple $548 million in damages for infringements on iPhone patents and designs. Andrew Chung […]
Coverage: Shareholder activist Loeb strikes out at Dow Chemical
Even though the ink is still drying on its $130 billion mega merger, Dow Chemical is still fending off attacks from shareholder activist Daniel Loeb. Over the weekend, Loeb wrote a letter to the company’s board in which he agreed with the deal and then criticized the company’s timing of the deal. Loeb went so far as to ask […]
Coverage: Volkswagen blames “chain of mistakes”
Officials for Volkswagen held a press conference Thursday to update the public on the ongoing investigation into its emissions scandal. The German automaker is fighting to redeem its reputation worldwide after reports of intentional cheating on emissions testing rocked the company in September. Jack Ewing of The New York Times summed up the day’s news: […]
Coverage: Fiat Chrysler to pay $70 million auto safety fine
After failing to disclose vehicle crash death and injury reports, Fiat Chrysler Automobiles has agreed to pay a $70 million fine issued by the National Highway Traffic Safety Administration. The agreement comes after the safety regulator launched an investigation in September into Fiat Chrysler’s reporting process. David Shepardson of Reuters broke the news of the impending […]
Coverage: Yahoo to spin off its core business
The future for Internet giant Yahoo just became a bit more hazy with the company confirming a spin off of its core business. For months, the company planned a spin off of its multi-billion dollar stake in Alibaba, but after set backs from the Internal Revenue Service and investor uncertainty, Yahoo changed its pace. Vindu […]
