Business

Walgreens hits settlement with San Diego prosecutors in consumer protection lawsuit

Deerfield, Illinois-based pharmacies operator Walgreens has agreed to pay $502,200 to settle a consumer protection dispute with San Diego and other counties, officials confirmed on Monday.

Prosecutors in San Diego, Riverside and Alameda had accused Walgreens pharmacists of failing to... read more

US Solar Market Moving On Good Pace

Reports have shown that the US solar market is on fire. Installation of solar panels is expected to soar by one-third this year. The price of solar power is now cheap enough and can efficiently compete with gas and coal-fired power in places like California.

President Obama has also... read more

NBCUniversal acquires stake in VoxMedia

On Wednesday, Comcast Corp.’s NBCUniversal announced that it is making a strategic investment of $200 million in VoxMedia. Through this investment, it is increasing its stake in the digital media firm and also, creating a partnership to help the company to better connect with younger audiences... read more

Cisco reports higher-than-expected quarterly revenue and profit

Higher-than-expected quarterly revenue and profit have boosted the confidence of Network equipment maker Cisco Systems to bolster growth in future as well. Cisco said strong demands for its products in the United States have played a key role in its earnings beyond expectations.

Cisco... read more

Gov. Brown signs measure designed to strike out “alien” from Calif.’s labor code

One of the three immigration-related measures signed by Gov. Jerry Brown on Monday will effectively remove the word "alien" from the labor code of California.

Gov. Brown said he didn't want the state to use the word "alien" as it is seen as a derogatory and disparaging term for those... read more

Jeep Hack Instances Leave Automakers Worried

The instances of ethical jeep hacks have left the automobile industry worried. A number of automakers are now involved in recalling their vehicles.

Researchers at two universities demonstrated the security lapses in a General Motors car by accessing control of the car through cellular... read more

Berkshire Hathaway profit declines by 37 percent

Berkshire Hathaway reported 37 percent decline in second quarter net profit compared to the same quarter last year. Due to an underwriting loss from the insurance sector and Geico, Berkshire net income declined to $4.01 billion.

Omaha-based Berkshire Hathaway registered gains in BNSF... read more

Nvidia Bucks Slowdown in Personal Computers Sales to Post Strong Second-Quarter Results

Nvidia Corporation bucked a slowdown in sale of personal computers and posted strong second-quarter results. The results announced by Nvidia were a clear indication that the enthusiasts are now upgrading their existing computers with chips that generate more lifelike images.

The Silicon... read more

SeaWorld’s Q2 net income falls 84%

Amusement parks operator SeaWorld Entertainment Inc. suffered drastic declines in second-quarter revenue and net income due to various factors, including 'brand challenges' in San Diego.

Revealing its performance and earnings in the April-June period of this year, SeaWorld announced on... read more

California pays off $14 billion in costly debt

California on Wednesday paid the final installment of its $14.2 billion costly loan that it had taken more than a decade ago to plug its budget deficit.

By clearing the loan, the Golden State successfully closed an ugly and painful chapter in its financial history. But, it eventually cost... read more

California utility was involved in improper nuclear plant talks

On Wednesday, a judge ruled that Southern California Edison executives were involved in inappropriate talks with California utility regulators in relation to the San Onofre nuclear power plant that is now closed. The judge said that the company could be charged with millions of dollars in... read more

Comcast has to wait little longer to close Time Warner Cable deal

According to reports, there are doubts regarding NBCUniversal plans to acquire BuzzFeed, which is among some popular names in new media, and increase its stake in Vox Media that owns familiar online brands like SB Nation and Verge.

As per reports, in the beginning, the plans were reported... read more

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