Business News

BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)

BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)

After the announcement of disappointing earnings results for the latest quarter, BP repeated a commitment it made last month to cut 4,000 jobs this year in its exploration and production unit. The unit lost $728 million in the quarter. The company also said it would trim about 3,000 workers from […]

Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)

Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)

Campbell Soup has announced that it is changing the recipe of its signature chicken noodle soup. The new Campbell’s chicken noodle soup contains 20 ingredients, down from the more than 30 in its previous version. The new recipe is appearing first in a limited-edition line in cans decorated with characters […]

Walgreens Announces Distribution Agreement With Valeant (NASDAQ:WBA)

Walgreens Announces Distribution Agreement With Valeant (NASDAQ:WBA)

Walgreens Boots Alliance has inked a deal with Valeant Pharmaceuticals International to distribute drugs from the company through its stores. Under the terms of the deal, Valeant would ship drugs directly to Walgreens, which in turn would be paid dispensing and distribution fees. The new arrangement is supposed to last […]

Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)

Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)

A number of people are upset with Starbucks right now and are vocally voicing their disapproval on social media. At issue are the plain red holiday cups that Starbucks is using this holiday season. Previously, the holiday cups at Starbucks have featured snowflakes, ornaments and reindeer. This year, the plain […]

Consumer Sentiment Bounces Back in U.S.

Consumer Sentiment Bounces Back in U.S.

The consumer sentiment in the U.S. was able to bounce back strongly during the early part of October, suggesting the economic recovery had remained in place despite some headwinds due to weak demand globally and a strong U.S. dollar that have been weighing on the country’s industrial sector, in particular […]