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MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts to partner with GVC Holdings in US sports betting business

MGM Resorts International (NYSE: MGM) announced on Monday it would partner with Britain’s GVC Holdings PLC (LON:GVC) to create a sports betting and online gambling platform in the US.The announcement of the 50-50 joint venture skyrocketed shar..

Honda to Source advanced Electric Car Batteries from GM in North America

Honda to Source advanced Electric Car Batteries from GM in North America

General Motors Company (NYSE: GM), in a press release, has announced an agreement with Honda for new advanced chemistry battery components, including the cell and module, to facilitate both companies’ plans for all-electric vehicles. They clai..

MGM Resorts Buys New York Empire City Casino

MGM Resorts Buys New York Empire City Casino

MGM Resorts International (NYSE: MGM) is yet adding another casino to its portfolio. The casino operator is making a major move by acquiring New York Empire City Casino from the Rooney family. The S&P 500 component will buy the casino in Yonkers..

GM Makes Bold Promise to Create New Formula for Electric Car Batteries

GM Makes Bold Promise to Create New Formula for Electric Car Batteries

Mary Barra, General Motors Company (NYSE: GM) Co Chief Executive, has promised investors that the company will be selling profitable electric cars by 2021. There has been no major automaker that has done this before. GM plans to achieve this by comb..

Automakers Report Mixed U.S. December Sales

Automakers Report Mixed U.S. December Sales

On Wednesday, major automakers reported mixed U.S. sales for the month of December due to big consumer discounts targeted at moving cars off dealer lots before the year ended. New vehicle sales for that month marked a strong year, almost meeting las..

Forever 21 data breach left customer credit card information exposed for months

Forever 21 data breach left customer credit card information exposed for months

Forever 21 has confirmed in a press release that various POS terminals were exposed to hackers for months, leaving customer payment card information unprotected from April 3, to November 18, 2017. Hackers were able to acquire card numbers, expiratio..

Ralph Lauren’s Profit Beat Forecasts

Ralph Lauren’s Profit Beat Forecasts

On Thursday, Ralph Lauren (NYSE: RL) reported quarterly revenue and profit that beat Wall Street predictions following sales of their high end clothing at full price as well as keeping a close eye on costs which brought shares up more than 5%. The c..