Featured Articles in National Business News

Apple says most vulnerabilities in Wikileaks docs are already patched

Wikileaks today published a trove of documents, allegedly taken from the CIA, that detail the government’s efforts to hack popular devices like iPhones, Android phones, and Samsung smart TVs. But Apple is pushing back against claims that the CIA’s hoarded vulnerabilities for its devices were effective. The documents, if they are indeed legitimate, include charts that Read More…

Gobi raises $500K to take on Snapchat

Norwegian startup Gobi raised $500,000 at a $15 million valuation to take on Snapchat with its “Stories” communication tool. The platform enables users to create public and private groups where users can share photos and videos that stay around for three days before vanishing into digital pixel-dust. “We originally created a Snapchat group for our college,” says Kristoffer Lande, Read More…

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Conagra Brands' Transformation Continues With Solid End To Strong Fiscal 2017

CHICAGO, June 29, 2017 /PRNewswire/ — Today Conagra Brands, Inc. (NYSE: CAG) reported results for the fourth quarter and full fiscal year 2017, which ended on May 28, 2017.    Highlights (all comparisons are against the prior year fiscal period, unless otherwise noted) CEO Perspective Sean Connolly, president and chief executive officer of Conagra Brands, commented, “Fiscal Read More…

China's Tech Entrepreneurs Need to Watch Their Backs

Amazon.com Inc.’s recent bid to acquire Whole Foods Market Inc. inflamed concerns in the U.S. about big tech companies taking over America. In China, that’s already happening. Alibaba Group Holding Ltd. and Tencent Holdings Ltd. are online-offline conglomerates each with hundreds of millions of users. The pair—directly or through companies they invest in—provides services and Read More…

McCormick Reports Strong Sales And Profit Growth In Second Quarter

SPARKS, Md., June 29, 2017 /PRNewswire/ — McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the second quarter ended May 31, 2017 and provided its latest financial outlook for fiscal year 2017. Sales rose 5% in the second quarter from the year-ago period. In constant currency, the company grew Read More…

Greenbrier Reports Third Quarter Results

LAKE OSWEGO, Ore., June 29, 2017 /PRNewswire/ — The Greenbrier Companies, Inc. (NYSE: GBX) today reported financial results for its third fiscal quarter ended May 31, 2017. Third Quarter Highlights Net earnings attributable to Greenbrier for the quarter were $32.8 million, or $1.03 per diluted share, on revenue of $439.2 million. Adjusted EBITDA for the quarter Read More…

Marissa Mayer says Kalanick isn’t to blame for Uber’s troubles

Marissa Mayer said she is “friends” with Travis Kalanick, defending Uber’s ex-chief executive against critics who say he presided over a toxic frat-boy scene at the ride-hailing giant. Kalanick has been accused of encouraging a “bro culture” at the company, stealing trade secrets, fostering an environment of sexual harassment and permitting the use of illegal Read More…

Toshiba Sues Western Digital in Bid to Keep Sale of Chip Unit Alive

TOKYO—Toshiba Corp.’s future turned even murkier as it filed suit to stop a business partner from blocking the sale of its semiconductor business, meant to plug a gaping financial hole. The struggling conglomerate is racing to raise about $20 billion from the sale to a Japanese-government-led consortium—against the opposition of Western Digital Corp., which has Read More…

U.S. Sets New Air Security Measures in Place of Broad Laptop Ban

The Department of Homeland Security mandated new security measures for airlines flying to the U.S., stepping back from a broader ban on traveling with laptops. DHS officials said Wednesday that new requirements will include enhanced screening of passengers and their belongings at foreign airports and new protocols for planes while they are on the ground Read More…