Feds to Shut Down Illegal Contact Lens Seller
Three websites would be closed permanently and fined $575,000 by the Federal Trade Commission for illegally selling cosmetic contact lenses.
All Work
Paul Ausick
Tobacco Giant Altria Pays $1.8 Billion for Stake in Canadian Pot Grower
Cigarette maker Altria Group announced this morning that it is acquiring a 45% stake in Canadian pot grower Cronos for $1.8 billion and an option to acquire a majority stake in the company.
Fiat Chrysler to Build More Jeeps in Retooled Detroit Assembly Plant
Fiat Chrysler is expected next week to confirm reports that the company plans to retool and reopen a Detroit assembly plant to make new Jeep SUVs for the 2021 model year.
Bank of America, Citigroup Tumble into Thursday’s 52-Week Low Club
Bank of America, General Electric, Citigroup, and Wells Fargo all posted new 52-week lows Thursday.
Boeing Deal for Embraer Halted by Brazilian Court
A federal court in Brazil has stopped, at least temporarily, the planned creation of a joint venture between Boeing and Brazil's Embraer.
MoviePass Hopes for the Best From New Subscription Plans
Troubled movie subscription service MoviePass on Thursday announced three new pricing plans that become effective on January 1. Will this latest change save the company?
Crude Oil Price Remains Sunk Following Massive Inventory Drop
The U.S. crude oil stockpile dropped by more than 7 million barrels last week largely due to a big jump in crude oil exports.
Former CEO Lampert Bids $4.6 Billion for Sears
Former Sears CEO Eddie Lampert and partners have offered to acquire virtually all of the assets of Sears for a total compensation package of $4.6 billion.
US Homeowner Equity Up by $775 Billion in Past 12 Months
Compared to the third quarter of 2017, U.S. homeowner equity in the third quarter of this year rose by more than 9. The number of homeowners whose mortgages exceed the value of the property…
Infant Ibuprofen Recall Hits Walmart, CVS, Family Dollar Stores
Drugmaker Tris Pharma has recalled a baby ibuprofen medication sold at Walmart, CVS, and Family Dollar stores under house brand names.
November Job Cuts Pushed Higher by GM Firings
Job cuts were nearly 30% higher year over year in November, according to the latest report from Challenger, Gray & Christmas. The good news is that the cuts were also 28% lower than the…
Major Commodity Traders Investigated in Brazilian Corruption Probe
Three of the world's largest commodity trading houses have been swept up in the ongoing Brazilian corruption investigation known as Operation Car Wash.
Waymo Self-Driving Minivans Hit Phoenix Streets Wednesday
Google's Waymo self-driving taxi service hits the streets in the Phoenix area Wednesday for about 400 early customers.
Financial Firms Spending More on Data Protection, but in All the Wrong Places
More U.S. financial sector companies (84%) plan to lift their expenditures for security this year, compared with 78% that raised spending in 2017. Reported data breaches hit 36% of U.S. financial firms, up from…
Mortgage Applications Up for Second Straight Week, Loan Rate Moves Mixed
Applications for new mortgages rose last week according to the latest report from the Mortgage Bankers Association. Mortgage loan rates declined slightly on three of five mortgage loan types.
Lockheed Martin, Airbus Team Up to Supply a Tanker in Case the Air Force Needs One That Works
Lockheed Martin and Airbus have agreed to an alliance for the purpose of offering the Airbus A330 MRTT tanker/transport plane as an alternative to Boeing's much-delayed KC-46. There's a lot at stake.
Cooling Off the Planet by Planting More Corn
Average temperatures decreased and average rainfall increased in parts of the Midwest over the course of the 20th century. Does that mean global warming is a hoax? Not at all.
A New Google Chrome Browser — From Microsoft
Microsoft is reportedly working on a new browser based on open-source Chromium code from Google. That's probably a smart, if somewhat counter-intuitive, move.
CoreLogic October Home Price Index Grows More Slowly
Home prices rose at a slower pace in October according to real estate analysis firm CoreLogic. The October increase is the lowest year-over-year growth in monthly home prices since January 2017.
The Best Time of the Year to Buy a Used Car: Right Now
As new car prices rise, so too do used car prices. But if you're in the market for a good used car, you can't beat the deals available in December.