Microsoft's highly-anticipated new combat game "Titanfall" goes on sale Tuesday exclusively for the Xbox One and PCs, with another version for older Xbox 360 models available on March 25. The $60 sci-fi shooter game stands to help Microsoft's Xbox One in its competition for sales with Sony's PlayStation 4, which both went on sale last November. It appears that the Xbox One has been losing the console war, as sales data collected by NPD revealed that the PS4 outsold the Xbox One in January.
Fruit distributor Chiquita is merging with Irish rival Fyffes in a deal that will create the world's biggest banana company worth about $1 billion. The all-stock deal will result in a company called ChiquitaFyffes with $4.6 billion in annual revenues that employs about 32,000 people. Chiquita shareholders will own about 50.7% of the combined company, with Fyffes shareholders owning the remaining 49.3%. The companies said that existing brands will be retained.
Shares of Boeing are slipping on Monday as a 777 remains missing two days after departing Kuala Lumpur for Beijing. There is still no information on the Malaysia Airlines flight containing 239 passengers and crew that disappeared on March 8. Boeing also is weighed down by the emergency landing of a 787 Dreamliner in Hawaii on Saturday, and a report in the Wall Street Journal that detailed cracks that were found in more than 40 Boeing 787 Dreamliner jets.
Retailer The Gap is turning to comedian Amy Poehler to rev up its Old Navy brand. The Parks and Recreation actress and Saturday Night Live alum has been hired to write, direct and star in a series of commercials for Old Navy, Gap's lowest-priced segment. Old Navy has hired other stars in the recent past for one-off commercials, but is betting more on Poehler -- this time, using her and her writing team for multiple spots that feature Poehler as a law firm executive.
Shares of Big Lots are climbing on Friday after the close-out retailer reported a better-than-expected adjust profit for the fourth quarter. Big Lots reported earnings of $1.45 a share, excluding items, beating analyst expectations for earnings of $1.40 a share, according to Thomson Reuters. Results were boosted by a smaller-than-expected loss from winding down its Canadian operations. Big Lots announced in December that it decided to exit the unprofitable Canadian market.
United Airlines is going to be enforcing its carry-on baggage size restrictions more strictly. The airline says bags will be more carefully reviewed at the security checkpoint and at gates prior to boarding. Any passengers with carry-on bags that exceed 9 inches by 14 inches by 22 inches will be forced to return to the ticket counter to pay United's $25 checked bag fee. The stricter enforcement prompts speculation that United is trying to collect more revenue through checked bag fees.
Dish Network has reached a milestone agreement with Walt Disney that will allow the company to stream Disney, ABC and ESPN shows over the Internet. The companies signed a multi-year deal that will allow Dish customers to access Disney shows over a variety of Internet-connected devices. The companies said the deal will put an end to all pending litigation over Dish offerings like AutoHop, which allows customers to skip commercials during recorded shows. Financial terms were not disclosed.
Gold prices are climbing on Monday as tensions in Ukraine drive demand for safe assets. Spot gold climbed 1.9% to $1,350.80 an ounce, its highest level since October 30, while silver rose 1.6% to $21.51 an ounce. This, after the White House said the Group of Seven industrialized nations spoke out against Russia's actions against Ukraine and suspended plans for the G8 Summit, which was set to take place in Sochi in June. Meanwhile, the escalating conflict also drove up crude oil prices.
The harsh winter weather continued to weigh on sales for some major automakers in February, as the nation's top two automakers both reported U.S. sales declines. General Motors and Ford both experienced a slow start to February -- a month when GM saw a 12% decline in sales of the Chevy Silverado, its top-selling vehicle and Ford saw U.S. sales fall 6% from a year ago. However, Nissan managed to post a surprising 16% increase in auto sales, while Chrysler saw a better-than-expected 11% gain.
Shares of Tesla are climbing on Thursday, one day after the electric car maker disclosed plans to build a new 'gigafactory' to produce batteries. Tesla said the Gigafactory will produce enough battery cells to power 500,000 vehicles every year, in addition to other batteries. According to an SEC filing, the company said 6,500 people will be employed at the 10 million-square-foot battery plant once it's fully operational in 2020. It's expected to open in Arizona, Nevada, New Mexico or Texas in 2017.