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Online shoppers are expected to spend $7.8 billion Cyber Monday

Online shoppers are expected to spend $7.8 billion Cyber Monday

Cyber Monday sales are on pace to hit $7.8 billion by the end of the day, Adobe Insights revealed Monday morning, making it the largest online shopping day in U.S. history. That projection, made by the firm at 10:30 a.m. ET, would represent an increase of 18.3 percent compared with the same time last year, Adobe found. Shoppers had already […]

Trump urges Congress to ‘fund the wall‘ as migrant children face tear gas at the border

Trump urges Congress to ‘fund the wall‘ as migrant children face tear gas at the border

As images of migrant children fleeing tear gas near the U.S.-Mexico border made rounds Monday, President aimed to use the chaos to attempt to score a political victory. The government repelled hundreds of migrants who tried to cross illegally near the busy San Ysidro port of entry Sunday, claiming they threw “projectiles” at U.S. Customs and Border Protection agents. The […]

In Third Point truce, Campbell soup heirs (mostly) band together

In Third Point truce, Campbell soup heirs (mostly) band together

announced on Monday the terms of a truce it has reached with Third Point, which will add two of the activist fund‘s nominees to its board: former Blue Buffalo CEO Kurt Schmidt and Comscore President Sarah Hofstetter. Campbell shareholders are set to meet on Thursday. Shares of Campbell were down more than 4 percent in afternoon trading. As part of […]

Limits on arms sales to Saudi Arabia would likely have little impact on US defense firms‘ revenue

Limits on arms sales to Saudi Arabia would likely have little impact on US defense firms‘ revenue

WASHINGTON — America‘s top defense firms will face limited financial risks in their dealings with Saudi Arabia, even as lawmakers consider imposing limits on arms sales to the kingdom, according to analysts at Cowen Research. “It would appear that these would be limited in duration and scope, and big-ticket buys of missile defense systems would not be impacted,” the analysts […]

Apple will tell the Supreme Court that it can‘t be sued by users who say the App Store is a monopoly

Apple will tell the Supreme Court that it can‘t be sued by users who say the App Store is a monopoly

A nearly decade-long battle over Apple‘s App Store is set to finally be argued before the justices of the U.S. Supreme Court on Monday, setting up a high-stakes showdown over whether the company can be forced to pay damages to iPhone owners who say the App Store is an unlawful monopoly. The iPhone owners who brought the suit allege that […]

CVS, Aetna expect their roughly $69 billion deal to close within days

CVS, Aetna expect their roughly $69 billion deal to close within days

and have received the final state approval they need to complete their roughly $69 billion merger and now expect the deal to close “on or about” Nov. 28, the companies said Monday in regulatory filings. The companies had been expecting to finalize the merger by Thanksgiving. However, a handful of the 28 states CVS and Aetna needed approval from opposed […]

FDA to overhaul more than 40-year-old process for approving medical devices amid scrutiny

FDA to overhaul more than 40-year-old process for approving medical devices amid scrutiny

The is overhauling the most common way medical device manufacturers bring their products to market in an attempt to advance new technologies. Since 1976, manufacturers have been able to pursue an expedited approval process if they could prove new products were substantially equivalent to those that were grandfathered in when Congress established the pathway, known as 510(k). That means some […]

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