Business Timeline

Softbank Sprint? Japanese Carrier To Buy 70% Stake In Sprint Wireless

Sprint Wireless and Softbank Acquisition Deal

US mobile carrier Sprint Wireless could go the way of T-Mobile and come under the ownership of a foreign company. Reports circulating on Sunday suggest that Japanese wireless carrier Softbank plans to acquire a 70% stake in the company. The 70% stake will cost the wireless firm $20 billion. Executives at Softbank and Sprint Wireless… Read more »

Wal-Mart Same-Day Delivery Being Tested In Select Markets

Walmart Same Day Shipping

Wal-Mart is jumping into the same-day delivery business, preparing a distribution product that will go head-to-head with Amazon’s own fulfillment center goals. The program is currently being tested in several US cities but could rapidly expand if the program is a success. The news comes at a time when Wal-Mart is increasingly viewing Amazon as… Read more »

Walmart And American Express To Offer New Prepaid Cards

Bluebird Prepaid Cards

Walmart and American Express are teaming up to offer customers what they call an “alternative to debit and checking accounts,” according to ABC News. If you fancy having a debit card but aren’t too fond of the charges that tend to accompany such a service, the companies are hoping you’ll strongly consider giving their new… Read more »

T-Mobile In Talks To Acquire MetroPCS [Confirmed]

TMobile USA and MetroPCS Buyout

Deutsche Telekom AG, parent company of T-Mobile USA has confirmed that talks are currently underway to purchase US mobile carrier MetroPCS Communications. A spokesperson for MetroPCS also confirmed the talks. The two carriers hope to merge their networks in an attempt to catch third place US carrier Sprint Wireless. Officials at Deutsche Telekom AG admit… Read more »

Google To Purchase Facial Recognition Firm Viewdle

Viewdle Purchased By Google

Google is about to buy its way further into the facial recognition and augmented reality sectors with the rumored acquisition of Viewdle. According to Forbes Russia, the search giant will acquire Viewdle for $30 million. The buyout is believed to mostly surround the company’s large patent portfolio, which focuses on image recognition and augmented reality… Read more »

Wilcoxson’s Ice Cream Angers Customers With Anti-Muslim Comment

wilcoxson's ice cream

Social media can be a great tool for a small business. It can also bring a business down. Wilcoxson’s Ice Cream in Livingston, Montana, sparked a flurry of angry comments on Facebook after it insulted on of its Muslim customers. The Huffington Post reports that the incident occurred on September 21 when a customer asked… Read more »

Halloween Sales Expected To Generate $8 Billion This Year

Halloween 8 Million Retail Sales

Being spooky is apparently very big business. According to CNBC, retailers are expected to sell around $8 billion in holiday-oriented items this Halloween. This is up nearly 17.5 percent from last year, thanks to the estimated 170 million individuals who are expected to participate in this year’s celebration. In other words, you’d better stock up… Read more »

Amazon Requests Dismissal Of Apple ‘App Store’ Lawsuit

Amazon App Store Lawsuit Vs Apple

Amazon on Wednesday requested that a federal judge in Oakland, California dismiss what it calls Apple’s false advertising claim against the online retailers use of the name “app store.” Apple filed the lawsuit after Amazon launched the “Amazon Appstore” instead of its prior “Amazon Appstore for Android product.” Apple claims that the name change could… Read more »

‘I Love Lucy’ Reportedly Earns CBS Around $20 Million Per Year

I Love Lucy CBS $20 Million

Although the show ceased making new episodes several decades ago, Lucille Ball’s television comedy classic I Love Lucy still earns CBS close to $20 million in revenue every year, according to MSN Money. The show — which ran from October 15, 1951 to May 6, 1957 — continues to generate massive amounts of cash money… Read more »