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Lumber Liquidators Holdings Inc Home-Testing Method Under EPA Scrutiny

Lumber Liquidators Holdings Inc Home-Testing Method Under EPA Scrutiny

The US Environmental Protection Agency (EPA) is scrutinizing the home-testing method offered by Lumber Liquidators Holdings Inc. (NYSE:LL) to reassure its customers that the flooring products are safe. In response to the accusations that its laminate flooring products sourced from China released excessive amount of carcinogen and formaldehyde, Lumber Liquidators […]

Walmart Announces Adoption Of New Food Initiative (WMT)

Walmart Announces Adoption Of New Food Initiative (WMT)

Walmart is adopting a new food initiative aimed at improving the nutrition in its customer’s diets and lessening the impact that its food production partners have on the environment. The initiative will also explore ways to reduce the overall cost of food, reduce food waste, and get more affordable nutritious […]

Hasbro Has the Force Behind It

Hasbro Has the Force Behind It

Hasbro the toymaker beat expectations of analysts for its most recent earnings report. The company can thank the overwhelming demand for its Star Wars and Jurassic World related products. Net revenue at the toymaker in its boy’s category was up 24% to more than $593.1 million. Officials at the company […]

Amazon’s 15,000-Strong Robot Army Ready for Shoppers

Amazon’s 15,000-Strong Robot Army Ready for Shoppers

Amazon RobotsAs reported by Amazon, over 15,000 specially designed wheeled robots will begin working warehouse floors and assist in getting toys, books, and other products to employees. In addition to these robots being a huge assistance for yesterday’s Cyber Monday shopping, they will continue to benefit throughout the holiday quarter. […]

Amazon E-Book Price Dispute Spreads To Germany (AMZN)

Amazon E-Book Price Dispute Spreads To Germany (AMZN)

Amazon’s dispute over the pricing of e-books that it purchases from publishers has spread from the United States to Germany. Amazon has been accused of using the same tactics against the Bonnier Group and their associated authors as it used against publishers in the United States, notably the publisher Hachette. […]

Novartis Acquired Biotech Startup CoStim to Expand Oncology Portfolio

Novartis Acquired Biotech Startup CoStim to Expand Oncology Portfolio

Novartis AG (NVS), in an effort to expand its oncology portfolio, announced the acquisition of a biotech startup called CoStim Pharmaceuticals. CoStim, based in Cambridge, Massachusetts, was established in 2012 by MPM Capital and received investments from businesses such as Atlas Ventures. The acquisition was disclosed yesterday, with the value […]

Teva Pharmaceutical Industries Ltd Raised Stake In Mylan NV, Edges Toward Intended Ownership Target

Teva Pharmaceutical Industries Ltd Raised Stake In Mylan NV, Edges Toward Intended Ownership Target

Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) has raised its stake in Mylan NV (NASDAQ:MYL) to almost 2.2%, as per a regulatory filing. The move is increasingly being seen as an acquisition tactic employed by Teva on its months-old target. Teva extended a $40 billion unsolicited takeover offer to the generic […]

JPMorgan Upgrades AT&T Inc. Stock To Overweight Citing Strong DIRECTV Synergies

JPMorgan Upgrades AT&T Inc. Stock To Overweight Citing Strong DIRECTV Synergies

JPMorgan upgrades AT&T Inc. (NYSE:T) stock from Neutral to Overweight, in a research note published on Thursday. The sell-side research firm also revised up price target on the stock from $35 to $40, citing strong synergies from the recent DIRECTV (NASDAQ:DTV) deal, which is expected to be accomplished on June […]