By Nathalie Voit Apple unveiled a new contactless payment feature for iPhones on Feb. 8 that allows customers to purchase goods from merchants through a simple tap of their iPhone, according to a company press release. The new “Tap to Pay” feature will enable millions of merchants across the U.S. to essentially use their iPhone as [...]
By Nathalie Voit Delta Air Lines asked the U.S. Department of Justice (DOJ) to create a "no-fly" list for unruly travelers, calling for "zero tolerance" for any behavior that disrupts safety on board a flight, Reuters first reported. "In addition to the welcome increase in enforcement and prosecutions, we are requesting you support our efforts [...]
By Nathalie Voit U.S. meatpacking giant Tyson Foods released its impressive financial results for the first quarter of 2022 on Feb. 7, sending shares surging over 11% yesterday to reach an all-time high of $100.72 on Tuesday. The significant investor attention came as Tyson, the world's second-largest frozen and refrigerated food manufacturer, announced it nearly doubled profits [...]
By Nathalie Voit Amazon announced its fourth-quarter earnings results on Feb. 3, sending shares of its stock soaring by 14% in extended trading on Thursday. Adjusted earnings per share surged to $5.80, the company said. This was far higher than the $3.57 expected by a Refinitiv survey of analysts, CNBC reported. Net sales for the e-commerce [...]
By Nathalie Voit The Senate Judiciary Committee voted to advance the Open App Markets Act (OAMA) on Feb. 3, Congress’s second major Big Tech antitrust bill of the year. The legislation passed 20-2 on a bipartisan basis, with only two dissenting members present in the committee: Sen. John Cornyn (R-TX) and Sen. Thom Tillis (R-NC). If passed, [...]
By Nathalie Voit AT&T announced on Feb. 1 that it will spin off WarnerMedia to focus on developing its wireless network and streamline costs. The $43 billion transaction will spin off 100% of AT&T’s interest in WarnerMedia to AT&T’s existing shareholders in a pro-rata distribution to merge its media properties with Discovery, according to a press [...]
By Nathalie Voit Coffee giant Starbucks announced it will again raise prices during its Q1 FY22 earnings call on Feb. 1. The company cited ongoing supply-chain challenges, labor shortages, rapid inflation, and the impact of Omicron as key factors in its decision to take additional pricing measures this year. The news arrives amid Starbucks’s disappointing first-quarter results. Although [...]
By Nathalie Voit In the latest video game industry merger, Sony Interactive Entertainment (SIE) has announced plans to buy video game developer Bungie for $3.6 billion, according to an announcement from the company. Bungie, the game studio behind highly-acclaimed franchises Destiny and Halo, was first acquired by Microsoft in 2000 until its split from the software systems [...]
By Nathalie Voit United Parcel Service (UPS) reported record quarterly earnings on Feb. 1 and upwardly adjusted its 2022 revenue expectations, according to a Q4 2021 earnings press release. The company's strong end-of-year results were driven by solid consumer demand for e-commerce goods, special courier services like express shipping, and higher delivery rates, CNBC said. [...]
By Nathalie Voit Vision Path, the manufacturer of direct-to-consumer contact lens company Hubble, was ordered to pay $3.5 million in penalties and redress in a settlement with the Federal Trade Commission (FTC) on Jan. 28. The FTC accused New York City-based Vision Path, the online seller of Hubble lenses, of violating federal regulations, including the Contact Lens [...]
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