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Foot Locker shares tumbles 12% after sales miss estimates

Patrick T. Fallon | Bloomberg | Getty Images Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California. Shares of Foot Locker were down 12 percent on Friday, the stock’s worst day in a year, after the company posted weaker than expected sales for …

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Cigna, Express Scripts shareholders vote to approve merger

Brendan McDermid | Reuters David Cordani, president and CEO of CIGNA Corp., appears on CNBC at the New York Stock Exchange, in New York, March 8, 2018. Cigna and Express Scripts shareholders have approved their merger, rebuking activist investor Carl Icahn and continuing the rapid consolidation in the health-care industry, …

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Former head of CDC Tom Frieden arrested and charged with forcible touching, sex abuse and harassment 

Win McNamee | Getty Images Dr. Tom Frieden, director of the Centers for Disease Control and Prevention, delivers remarks during a press conference September 29, 2016 in Washington, DC.  Tom Frieden, former head of the Centers for Disease Control and Prevention, has been arrested amid allegations of forcible touching, sex …

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Jefferies downgrades Philip Morris, Altria: Falling behind

Shiho Fukada for The Washington Post | Getty Images Customers try IQOS device during demonstration at IQOS store in Tokyo, Japan on July 31, 2017. Jefferies lowered its rating to hold from buy on shares of both Philip Morris and Altria, saying the tobacco companies are falling behind in heated …

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Russia’s electric car Tesla rival is the Kalashnikov CV-1

Kalashnikov Group Kalashnikov unveiled the CV-1, an electric car prototype, at a Russian defense expo on Aug. 23 2018.  The Russian manufacturer of the infamous AK-47 assault rifle has unveiled a prototype vehicle that it claims can compete with Elon Musk’s Tesla range. Kalashnikov Group presented the retro-style electric car …

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23andMe cuts off API access to outside developers

Patrick T. Fallon | Bloomberg | Getty Images Anne Wojcicki, chief executive officer and co-founder of 23andMe Inc., speaks during the WSJDLive Global Technology Conference in Laguna Beach, California, U.S., on Wednesday, Oct. 26, 2016. 23andMe, which provides DNA testing kids for consumers, is telling outside app developers that they’ll …

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Morgan Stanley is trying to get clients to pay attention to space

Stratolaunch The family of launch vehicles Stratolaunch announced on Aug. 20, 2018, as it prepares the massive airplane for its first flight.  The space industry grew 7.4 percent last year to be worth over $384 billion, the Space Foundation said in a July report. Morgan Stanley sees that economy growing …

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Buy these 6 consumer stocks due to rising wages

Mike Kane | Bloomberg | Getty Images Jeff Bezos, chief executive officer of Amazon.com Inc. Jefferies is getting more optimistic on rising wages, seeing a shift in several global labor markets as helping companies which sell to consumers. “An embryonic wage cycle is appearing in Japan, US, Netherlands and Germany …

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Apple removes Facebook Onavo app from App Store

Josh Edelson | AFP | Getty Images Apple CEO Tim Cook speaks at Apple’s Worldwide Developer Conference (WWDC) at the San Jose Convention Center in San Jose, California on Monday, June 4, 2018. Apple has removed Facebook’s Onavo security app from the App Store because it does not comply with …

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Facebook says it removed content from Iran and Russia 

ReutersTV | Reuters Facebook’s CEO Mark Zuckerberg answers questions about the improper use of millions of users’ data by a political consultancy, at the European Parliament in Brussels, Belgium, in this still image taken from Reuters TV May 22, 2018 Facebook said that it’s removed pages and content originating in …

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