Category Archives: Corporate News

Arby’s Buys Buffalo Wild Wings for $2.9 Billion

Arby’s Restaurant Group Inc. agreed to purchase Buffalo Wild Wings Inc. for $2.9 billion, which included $2.44 billion in cash and the remaining in debt. Arby’s bought the company for $157 a share. Before the agreement to purchase Buffalo Wild … Continue reading

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Black Friday Kicks Off With Upbeat Shoppers and Fewer Discounts

Retailers have been struggling to keep up with consumers shifting to e-commerce. However, Black Friday sales represent a 4.8% increase over Black Friday sales last year. Sales for November and December are expected to increase about 4% to $682 billion … Continue reading

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Hershey Will No Longer Be Your Traditional Candy Company

Hershey Co. recently said that snacks and candy are a treasure thing in the food industry. Regardless of what they say, profit margins are not keeping investors happy. Last quarter, Hershey’s sales rose by 1.5% to 2 billion. Their profit … Continue reading

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Jet.com Leveling Up to Amazon

It has been a year since Wal- Mart has acquired Jet.com. Walmart has been strategizing a plan to compete with Amazon. The secret weapon includes the use of the startups they have acquired over the past few years. Ultimately, Jet … Continue reading

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Nike, Macy’s Suffer Technical Snafus on Black Friday

On the biggest day of the year, retail company’s Macy’s and Nike suffered a wide range of technical problems. Shoppers trying to shop through Nike’s website faced numerous error messages and customers shopping at Macy’s complained about problems using their … Continue reading

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Apple Delays HomePod Release

Apple announced on Friday that the company will delay the release date for its HomePod smart speaker till early next year. The HomePod was expected to ship out to the public in December, but instead joins the AirPod Headphones, Apple … Continue reading

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General Electric to Cut Dividends

General Electric has paid a dividend to its investors since 1899. For over a century, the only true dividend cut occurred in 2009 following the financial crisis. Notoriously known as a very stable utility company with a constant consumer demand, … Continue reading

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