CVS rejected Walmart's demand for higher reimbursement costs for filling CVS prescriptions, saying the new rates would lead to consumers "paying more for their medicines." Am I being overly cynical when I say I don't think CVS cares what people pay for prescriptions? After all, CVS is a for-profit business.
Walmart splits with CVS after battle over prescription costs
https://www.msn.com/en-us/money/comp...sts/ar-BBShcke
McDonald's tried unsuccessfully to block the trademark of Irish fast-food chain Supermac's. "People will confuse the Supermac with the Big Mac," lawyers argued. No, I think we're all intelligent enough to figure out that a Supermac is not a Big Mac and vice-versa. Hey, lawyers, maybe you can go after Mack Trucks!
McDonald's loses trademark battle over the Big Mac
https://www.msn.com/en-us/money/comp...mac/ar-BBShZsH
If Costco launches a streaming service, will it be operated the same way as their stores? You'll first have to pay an annual fee before you can watch anything -- and then you'll be able to purchase a giant economy-size package of 24, 36 or 48 movies.
Costco might launch its own streaming service for 'average Americans' to compete with Netflix and Amazon
https://www.businessinsider.com/cost...-report-2019-1
San Francisco-based Gymboree has been selling children's clothing since 1986. In 2007, Gymboree opened a chain of Crazy 8 stores, which sold lower-cost apparel. Prior to its 2017 bankruptcy, Gymboree had 1,300 stores in the US, Canada and Puerto Rico. Another bankruptcy filing two days ago means the stores that didn't close in 2017 will close in 2019. Around 10,000 people will lose their jobs.
Gymboree, Crazy 8 to close all stores
https://www.bizjournals.com/orlando/...ding-4-in.html
"You be the judge," a long-running feature in Reader's Digest presents both sides of a legal dispute and asks the reader to decide how he would rule. The judge's verdict appears on another page. President Trump gave huge tax cuts to banks, big corporations and the wealthiest Americans. Did they deserve it? You be the judge.
The biggest US banks made more than $120 billion last year
CNN Business, Jan 18 2019 4:37 PM
You wouldn't know it from watching their stocks but the biggest US banks just had a banner year. JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley brought in more than $120 billion combined in profit last year, the result of President Donald Trump's corporate tax cuts and a booming economy. That's a record showing. It also dwarfs the amount they made in 2017, when many banks faced large, one-time charges related to tax reform.
https://www.cnn.com/2019/01/18/busin...omy/index.html
Well, it didn't take long for one of the rich to get richer. Just three days after reporting a $32.5 billion annual profit, JPMorgan Chase gave its chief executive a $1,500,000 raise.
CEO Jamie Dimon gets a raise to $31 million after JPMorgan Chase's record year
https://www.cnn.com/2019/01/17/busin...ion/index.html
I bet Mark Zuckerberg didn't sleep well overnight. He was probably worrying Facebook will be next.
France fines Google €50 million ($56.8 million) for breach of data protection rules
https://www.yahoo.com/entertainment/...095437606.html
Target, Speedway, Hy-Vee, Taco Bell and Jack In The Box are joining the many other chains that accept Apple Pay. Unfortunately, making it easy for shoppers to pay for things by waving a smartphone at a checkout terminal is making smartphones a much more desirable target for thieves.
Target stores to accept mobile payment including Apple Pay, Samsung Pay and Google Pay
https://www.usatoday.com/story/tech/...ll/2643811002/
At an April 11 investors meeting, Disney will preview its new streaming service which will launch later this year. Viacom wants to compete with Disney so they're buying a streaming service called Pluto. I find that amusing -- but I wonder if Disney is amused.
Viacom will buy streaming service Pluto TV for $340 million
https://www.businessinsider.com/viac...million-2019-1
Intel CEO Brian Krzanich resigned in June 2018 and was replaced by interim CEO Bob Swan -- "interim" for seven months so far. Last month, Barron's reported that since 2010 Swan is the only Intel insider to have bought Intel stock. I wonder if he now wishes he hadn't.
Intel's shares plunge 8% as it misses on revenue and earnings and warns trouble in China could mean more pain to come
https://www.businessinsider.com/inte...gs-live-2019-1
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