Home » Archive for February, 2013
Will Macy’s (NYSE: M), JC Penney (NYSE: JCP), Kohls (NYSE: KSS), and Sears (NASD: SHLD) Turn it Around?
The retail sector is suffering, as evidenced by the poor shopper turnout in the fourth quarter holiday season. As shoppers continue to hoard cash and avoid the malls, sales and profits at firms like JC Penney (NYSE: JCP), Sears (NASD:... More of this article »
J.C. Penney (NYSE: JCP) Results Disappoint
J.C. Penney (NYSE: JCP) is either on the brink of an epic turnaround, or might very well be facing it’s final days. The retailer has struggled to reinvent itself under Chief Executive Rob Johnson. Johnson, the former Apple executive... More of this article »
Shares of Groupon Drop on Earnings Report
Groupon saw it share price drop almost 26% in afterhours trading on Wednesday. This followed the announced by the company of a loss for the most recent quarter that was wider than had been expected. The company also forecasted weaker... More of this article »
Merck (NYSE: MRK) Announces Dividend
Pharmaceutical maker Merck (NYSE: MRK) has declared its inaugural quarterly dividend of 2013, keeping it in line with its previous payout. For its Q2, the company is to hand out $0.43 per share of its common stock on April 5 to shareholders... More of this article »
Intel (NASD: INTC) Targets Investment in Brazil
Chipmaker Intel (NASD: INTC) has announced plans to invest $152 million in Brazil over the next five years in research and development, the chip manufacturer said on Wednesday.The investment in Brazil is a strategic initiative for... More of this article »
Apple (NASD: AAPL) Annual Meeting Reveals Few Surprises – Besides Allusion to Television
Apple (NASD: AAPL) fans are in unfamiliar territory, watching the stock price fall, while innovation seems to have stalled at the firm. While the sea may seem calm for now, Chief Executive Officer Tim Cook has promised more breakthrough... More of this article »
Google (NASD: GOOG) Faces EU Privacy Concerns
Internet search giant Google (NASD: GOOG) has some explaining to do on the issue of privacy. Regulators around the world have been uncomfortable with some of the firm’s practices for years, and the latest in the ongoing saga comes... More of this article »
Apple (NASD: AAPL) Falling Share Price in Focus for CEO Cook
Apple (NASD: AAPL), which has largely been given a rubber stamp of approval on everything it has done for the past decade, has been faltering in recent months. Consumers seem to be growing wary of minor modifications on existing products,... More of this article »
General Motors (NYSE: GM) Targets Growth for Volt
General Motors (NYSE: GM) likes what it sees when it comes to the growing demand for the hybrid Chevy Volt. In 2013, the firm is planning to build 36,000 of the plug in hybrids, nearly 20% growth over 2012. The Detroit based auto giant... More of this article »
Oscar Winners increase sales through Ancillary Revenues
Last Sunday over 40 million people in the U.S. watched the Academy Awards. Those movies who won big will enjoy an increase in interest. Traditionally, the studios that won big have increased theaters and boosted their marketing to... More of this article »
Wal-Mart (NYSE: WMT) Facing More Gender Bias Lawsuits
Wal-Mart (NYSE: WMT) has been sued by five Wisconsin, claiming the company has denied them and other female employees equal pay and equal opportunities. The lawsuit, alleging unfair pay practices contingent on gender, is the latest... More of this article »
Zynga to Slash Workforce by 1%
Zynga announced it is slashing around 1 percent of its workforce as the social gaming company closed its Baltimore office and merges others to cut expenses. Several dozen workers will be affected by the move. Zynga said that its Baltimore... More of this article »
Eighteen Killed as Hot Air Balloon Plunges to Ground
In southeast Egypt, 18 tourists were killed on Tuesday after the hot air balloon they were riding in exploded and crashed on the ground, said authorities. The accident was killed more people that any air balloon accident in over 20... More of this article »
Heart Disease Risks lowered by Mediterranean Diet
A rich in olive oil and nuts Mediterranean diet lowered the risk of developing cardiovascular events amongst individuals who were already at an increased risk for those same events, said researchers. The study was performed in Spain... More of this article »
US Business Executives to Visit Myanmar to Find Investment Opportunities
50 business executives from the United States are scheduled to fly to Myanmar next week to find trade and investment opportunities. The country has eased sanctions against the resource-rich nation according to the US Chamber of Commerce. Tami... More of this article »
Spectators Injured as Debris From Crash Flies into Stands
A tremendous crash in the final lap of a Nationwide NASCAR race at the Daytona Speedway on Saturday afternoon injured at least 30 spectators. The crash took place as racers were jockeying for position on the race’s final lap and... More of this article »
Just 50% of Flu Vaccines were Effective
An analysis performed by the U.S. government of the flu vaccine for this season suggests it only was effective in just over 56% of the people who received it. The analysis also said the vaccine failed largely to protect elderly people... More of this article »
US Unemployment Benefits Rise, Return to Levels before the Holiday Season
Applications for jobless claims in the United States increased for the first time in three weeks. It returned to levels before the holiday season and showed little change in the rate of firings. Unemployment benefits went up by 20,000... More of this article »
Quarterly Report Gives HP Stock a Boost
The quarterly revenue and profit at Hewlett-Packard continued its familiar trajectory downward on Thursday, but the earnings report sent the company stock in the opposite direction: up. The net income for the tech company based in... More of this article »
Antioxidants might not lower risk of Dementia or Stroke
Adults, who are older and eat diets that have a high level of antioxidants, might not have less of a risk of developing dementia or having a stroke, says a new study. Researchers said that people who drank or ate lots of oranges, coffee,... More of this article »
Murder Plot Details involving Justin Bieber start to Emerge
On Monday, everything got a bit scarier for everyone. New details emerged of the murder plot that a convicted murderer and two others hatched to kill pop sensation Justin Bieber and his bodyguards. The plot originally made headlines... More of this article »
Transocean Gets Approval for $1 Billion Settlement
Transocean Ltd. received the approval from the court for its $1 billion settlement with the United States in connection to the pollution claims from the 2010 Gulf of Mexico oil-rig explosion that caused the largest offshore spill in... More of this article »
Nestle Issues Recall Order after Discovery of Horse Meat DNA
Food giant Nestle has stopped the deliveries of all its products that have beef from a German supplier because of traces of horse DNA in the meat. This is according to the web site of the Swiss-based food company. Nestle also announced... More of this article »
Two Office Supply Giants Negotiating Merger
Office Depot, Inc is in merger talks with OfficeMax said people who are close to the situation. The two paper, pen and other office accessories retailers are trying to find a way to fend off the tough competition that rivals such as... More of this article »
Super foods: Five types of food with huge health benefits
You are most probably of the oft-repeated advice of doctors and dieticians alike that exercise and a balanced diet are vital to healthy living – but did you know that the following foods – known as superfoods – actually help... More of this article »
Maker’s Mark to Restore Alcohol Content
Maker’s Mark announce that it would reduce the alcohol content of its whisky by 3 percent in order to keep up with the demand but its customers were unhappy with the change. Thousands of drinkers complained about the change and the... More of this article »
Willis and Die Hard Win Box Office Race
Bruce Willis’ latest version of Die Hard won over moviegoers during the Valentine’s Day weekend. The latest flick of the Die Hard franchise, A Good Day to Die Hard, took the box office first prize as it debuted this weekend. Die... More of this article »
Cadillac Ranch Owner Settles Civil Suits
Stanley Marsh 3, the eccentric millionaire best known by his art display at his Cadillac Ranch located along the highway in Texas’ Panhandle region, has settled the lawsuits of 10 teenagers who had accused him of paying them to perform... More of this article »
Build A Website With RealGeeks
Like any industry today, it is important for those involved in the real estate market to keep their marketing efforts up to date with the latest technology and methods. This is why having a website with great functionality and an attractive... More of this article »
US Small Businesses have Difficulty in Hiring Qualified Employees
The economy is slow and the unemployment rate is high but according to a report, 53 percent of US small-business owners said they find it difficult to find qualified employees they need. This was according to the Wells Fargo/Gallup... More of this article »
Cancer Deaths Tied to Alcohol Use
For years we have been aware that exposure to the sun can lead to developing skin cancer as well as smoking can develop lung cancer. However, a recently published report has revealed that alcohol drinking is responsible for more than... More of this article »
Iran Cannot agree with UN Inspectors
United Nations nuclear inspectors returned from Tehran to Vienna without a deal to access the nuclear sites in Iran. No date was set for the next round of talks. A diplomat from the West accredited to the International Atomic Energy... More of this article »
Nvidia 1st Quarter Sales Estimates Lower than Analyst Forecast
Nvidia gave its forecast for the fiscal first quarter sales that was below the estimates made by analysts due to the low demand for personal computer parts and stiff competition in new markets. Sales in the period ending in April will... More of this article »
Substandard and Fake Drugs need to be Eradicated
The Institute of Medicine announced on Wednesday that the fight against fake drugs would need a chain of custody to be put in place for medications like those that the courts in the U.S. require for any evidence used at a trial. The... More of this article »
Coca-Cola Reports Increase in Profit in 4th Quarter
Coca-Cola reported that its profits increased modestly in the fourth quarter. It benefitted by the growth in emerging markets. Its net income was $1.9 billion, which is 41 cents per share, compared to $1.8 billion, 39 cents per share,... More of this article »
Risk of Developing Autism Drops with Folic Acid Use
A recently published study reveals that woman who used folic acid supplements prior to as well as during their pregnancies were nearly 40% less apt to have children that would be diagnosed later with autism. A great deal of interest... More of this article »
Fed Official Says Fixing Job Market Could Take Several Years
The Federal Reserve has prioritized improving the job market but a high ranking official said that the task could take several years. Janet Yellen, who is the vice chairwoman of the Federal Reserve Board and number two in command to... More of this article »
Home Depot Changes From Blackberry to iPhone
Canadian smartphone maker Blackberry, which is currently changing its legal name from Research In Motion, received bad news from Home Depot on Monday. The huge U.S. home improvement retailer announced it would replace Blackberry smartphones... More of this article »
Boeing Takes Dreamliner on First Test Flight
Boeing has taken its first test flight of its 787 Dreamliner since problems connected to the lithium-ion batteries found aboard two planes grounded the fleet of new planes a month ago. The company didn’t issue any results from the... More of this article »
Pope to Resign at the End of February
On Monday morning, Catholics were shocked to hear that Pope Benedict XVI announced he was resigning as Pontiff. Church officials at the Vatican announced that the Pope told his senior clergy he would be resigning February 28. For much... More of this article »
AMR and US Airways Close to a Deal
The boards of US Airways and American Airlines parent AMR Corp. are said to be close to a deal to merge the companies and create an airline that would be one of the world’s largest. The AMR board is set to meet Monday and the directors... More of this article »
Couple Addicted to Coffee Enemas
A couple from Florida loves their coffee. Mike loves an espresso grind that is cold, while Trina prefers a thicker and warmer saturated blend. The couple from St. Petersburg, Florida will not drink the highly caffeinated drink, which... More of this article »
Experts Concerned over Vaccine Resistant Pertussis
American researchers, for just the first time, have found new evidence that bacteria that causes whooping cough are now beginning to be resistant to vaccines. Previously whooping cough was found to be vaccine resistant in France, Finland... More of this article »
Retailers Report Strong Sales in January
Americans went out and shopped the winter clearance racks in January that resulted in strong sales for retailers. Spending is expected to slow as the deals dry up and American consumers begin to feel the increasing gas prices as well... More of this article »
Another Loss By Tokyo-based Sony
Sony Corp, the Tokyo based electronics firm announced on Thursday that it had a loss for the latest quarter, which underscored the deep problems the company is facing. The report on earnings deflated the recent optimism that was reflected... More of this article »
Post Office Plans to End Saturday Delivery
The US Postal Service proposed to stop Saturday mail delivery as part of its battle for fiscal viability. Postmaster General Patrick Donahoe said package delivery will continue on Saturdays when the plan is implemented in August. Package... More of this article »
Zynga Announces 4th Quarter Profits
Zynga surprised analysts when it announced its fourth quarter earnings and sales that topped Wall Street forecasts. According to a poll of analysts made by Thomson Reuters, they estimated a loss of 3 cents per share and $212 million... More of this article »
District Attorney Claims Chris Brown Did Not Complete Community Work
Chris Brown, the singer who ran into a problem with law enforcement four years ago after beating his then girlfriend Rihanna, is now once again in trouble with prosecutors. Brown received an unusual plea deal from prosecutors after... More of this article »