Home » Archive for March, 2013
Maine Fitness Instructor Pleads Guilty to Prostitution
A Maine Zumba fitness instructor who used her studio to run a prostitution ring has pleaded guilty and faces time in jail. The case has captivated the quiet town that sits on the shore of the Atlantic Ocean known more for beaches and... More of this article »
Google Expands Offices To Increase Presence In The Cloud (NASDAQ:GOOG)
Google is taking on Microsoft and Amazon for the lead in the cloud computing market. The company has verified that it’s doubling its office space near Seattle and is actively searching for engineers to work on its cloud technology.... More of this article »
Samsung Reveals New Galaxy S 4 Device (PINK:SSNLF)
In an attempt to bring the sales war directly to Apple on their home turf, Samsung revealed the Galaxy S 4 at Radio City Music Hall in New York. JK Shin, president of Samsung Mobile Communications, said “Once you spend time with... More of this article »
Softbank and Sprint Promises Not to Use Huawei after Merge
Sprint Nextel Corp. and Softbank Corp. told Representative Mike Rogers of Michigan that they will not use equipment from Chinese maker Huawei Technologies into Sprint’s network after the two companies merge. The Republican representative... More of this article »
Arms Shipments to Syria traced by blogger in England
Elliot Higgins is a blogger in England who has never visited Syria. He does not have any family or friends in Syria, nor does Higgins have military experience or a weapons analysis background. However, when he was laid off from his... More of this article »
Justice Department Investigates Microsoft’s Overseas Activities (NASDAQ:MSFT)
Microsoft is reportedly being examined by authorities for its activities with foreign government officials that have been accused of taking bribes in exchange for business. The violations being reviewed come from a federal law that... More of this article »
More Than 300,000 Homes in US are Zombie Properties
According to RealtyTrac, a real estate information company based in Irvine, California, 301,874 “zombie” properties are found in the United States. These are foreclosed properties that homeowners have moved out and left a vacant... More of this article »
Dentist May Have Allowed Thousands to be Infected with HIV or Hepatitis
The Department of Health in Tulsa, Oklahoma is warning more than 7,000 patients from a dentist that they might have been exposed to Hepatitis B or C or HIV from poor practices of sterilization. Dentist and oral surgeon Dr. Wayne Harrington... More of this article »
Immigration Reform Closer, but Borders must be Secured
Hundreds of immigrants awaiting deportation have been allowed to go free due to problems with the budget. Officials are also cutting back on the hours of border patrol agents and staff at all border crossings. This is taking place... More of this article »
US Congressional and Business Group to Visit India
A group composed of members of the US Congress and businesses are scheduled to visit India this week. It will include a meeting with Gujarat chief minister Narendra Modi. He has been denied a visa for the United States for his supposed... More of this article »
Blackberry (TOR: RIM.TO) Results Surprise
Blackberry has posed a string of surprises in recent quarters. Less than a year ago, many were predicting their demise, citing their lackluster product lineup, and failure to compete in the consumer space with behemoths like Apple... More of this article »
How to Compare Short Term Loan Offers
If you are trying to decide between two different short-term loans offers it is important to understand certain terminology included in loan agreements in order to determine which one is the best short-term loan option for yourself.... More of this article »
Ford (NYSE: F) Continues Showing Improvement
Ford (NYSE: F) results are coming in, and signs are pointing to improvement in the North American automotive sector. While the firm is facing some headwinds associated with rising costs, improvements in the pricing and market share... More of this article »
Accolades Rolling in for General Motors (NYSE: GM)
General Motors (NYSE: GM) is heading into car show season with an increased focus on muscle – literally. The muscle cars that made GM famous have returned, and preliminary rave reviews have buyers eagerly lining up. Between the Corvette’s... More of this article »
Staffing Issues At Wal-Mart (NYSE: WMT)
While unemployment continues to plague the country in certain areas, it seems that Wal-Mart (NYSE: WMT) faces a different problem altogether – not enough workers. According to Bloomberg research by Renee Dudley, Wal-Mart doesn’t... More of this article »
Economists Estimate Durable Goods Orders Increase in February
A report showed that economists predict orders of durable goods in the United States increased in February by the most in five months. The average forecast for orders for goods that are meant to last at least three years is a 3.9 percent... More of this article »
Citigroup Given Order by Fed over Money Laundering Procedures
Citigroup Inc. the third largest lender in the U.S. must submit its plans to the Federal Reserve showing how it has improved its safeguards against money laundering. U.S. regulators ordered the bank, based in New York, to explain the... More of this article »
S&P 500 Can’t Go Over Record High
Investors look at Standard & Poor’s 500 all-time record high as a significant barrier to stock market advances. For the fifth time in the last two weeks, the S&P 500 came within 5 points of its all-time high. It was either... More of this article »
New Euro Zone Bailout Provision Targets Depositors
This week Europe has signaled that large bank depositors would be shouldering some of the cost of bank bailouts in the future, after savings accounts with balances of more than 100,000 euros became targeted in the rescue package for... More of this article »
Nike (NYSE: NKE) Continues to Just Do It
Despite the challengers, Nike (NYSE: NKE) still remains king of the athletic apparel market. Following the better-than-expected bottom-line results for third quarter fiscal 2013, the shares of global sport equipment and apparel retailer,... More of this article »
Macy’s (NYSE: M) Struggles, But J.C. Penney’s (NYSE: JCP) Fall Overshadows
Macy’s (NYSE: M) struggled during the fourth quarter, but that has largely been overlooked due to the recent volatility of J.C. Penney (NYSE: JCP). J.C. Penney fell nearly 5% at the open this morning before bouncing back somewhat,... More of this article »
Opel Employees Reject Deal, General Motors (NYSE: GM) Europe Facing Unease
The days for the Opel may be numbered. The Opel brand, part of General Motors (NYSE: GM) has been struggling to rebound from the financial crisis, as falling sales have sapped its profitability and caused GM to explore alternative... More of this article »
Apple (NASD: AAPL) Struggles at Home and Abroad
Apple (NASD: AAPL) is heading into dangerous territory – the firm recently regarded as an innovation factory has failed to release remarkably new products in years. Despite the success of the I-Pad and I-Phone, their effect on the... More of this article »
Best Buy (NYSE: BBY) LBO Fails, Chairman Schulze Returns
Best Buy (NYSE: BBY) founder Richard Schulze was shown the door of the company he started less than a year ago, but with a failed leveraged buyout attempt now behind him, he is returning to the firm he built in a newly established... More of this article »
Wal-Mart (NYSE: WMT) Sues Union in Florida
Wal-Mart (NYSE: WMT) is no stranger to controversy, especially when it involved labor unions. Lately though, grocery worker unions have been targeting the store, causing disruptive rallies the retail giant seeks to curtail through... More of this article »
General Motors Revamps Chevrolet Impala And Its Marketing Teams
General Motors has changed the look of the new Chevrolet Impala, which will be shipping to dealerships soon. Chevrolet is the company’s biggest selling brand and the company hopes that the new overhaul will increase the interest... More of this article »
Fed’s Stimulus Policy Helps Offset Tighter Fiscal Policy
The Federal Reserve’s quantitative easing has proven to be effective at offsetting the blow to the economy from tighter fiscal policy. This is according to economists who have increased their growth forecasts. Economists feared that... More of this article »
Medical Experts: Parents feeding infants solid food early
Experts in child development tell parents they should not give their babies solid foods, such as cereal, until the infant is between 4 and 6 months old. Nevertheless, new research has shown that close to 40% of parents have not heeded... More of this article »
Profit falls at Darden’s but are higher than Analyst Estimates
Profits for the third quarter at Darden’s were down by 18%, as lower sales at Red Lobster hurt earnings. However, the restaurant chain still beat Wall Street estimates. The Orlando, Florida based company said last week that sales... More of this article »
Bausch & Lomb Prepares IPO
Bausch & Lomb, an eye-care company majority-owned by Warburg Pincus, filed documents in preparation for its initial public offering. The company state in its registration filing that Warburg Pincus would still be a majority shareholder... More of this article »
Sporting Goods Giant Nike See Jump in Stock Price
The largest maker of sporting goods in the world, Nike, Inc saw its stock price jump the most in more than 48 months on Friday. The increase was due to investor’s concerns easing over the company profitability and business in China... More of this article »
Hasbro Attempting To Transform Brand For Consistent Profits (NASDAQ:HAS)
John A. Frascotti, global chief marketing officer at Hasbro, stated that there are not a lot of brands in the world that reach the same emotional connection across generations like Transformers do. Hasbro created the Transformers franchise... More of this article »
Coca-Cola to Cut 750 Jobs after Decreasing Distribution Regions
Coca-Cola, the world’s biggest soft drink maker, is going to fire 750 workers in its division in the United States after a decision made in February to decrease its distribution regions from the current seven to three. The cuts will... More of this article »
U.S. Consumers to get first glimpse of new Blackberry Z10
On Friday, smartphone maker Blackberry, known as Research in Motion until earlier this year, will be launching their new generation smartphone in the U.S. The launch of two new smartphones is the Canadian based company’s last effort... More of this article »
Starbucks Customers Can Earn Loyalty Points outside Cafes
Starbucks is offering free stuff even if you don’t go to a Starbucks store. The world’s largest coffee chain is now extending its loyalty card program to purchases made in groceries. The move comes in time when the loyalty card... More of this article »
Short Jail Stay for New Edition’s Bobby Brown
Singer Bobby Brown was sent to jail after pleading no contest on Tuesday to charges that last October he operated a vehicle while intoxicated and with a license that was restricted. However, reports say that the New Edition crooner... More of this article »
Best Buy Stock Rating Upgraded by RBC Capital (BBY)
Best Buy (NYSE: BBY) was upgraded by equities researchers at RBC Capital from an “sector perform” rating to an “outperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports. Best Buy (NYSE:... More of this article »
Hiscox Ltd Price Target Lowered to $8.01 at Westhouse Securities (HSX)
Westhouse Securities lowered their price target on shares of Hiscox Ltd (LON: HSX) to $8.01 (530 GBX) in a research note issued on Tuesday. The firm currently has a “neutral” rating on the stock. A number of other analysts... More of this article »
Bovis Homes Group Price Target Cut to $10.26 (BVS)
Research analysts at Deutsche Bank cut their target price on shares of Bovis Homes Group (LON: BVS) to $10.26 (679 GBX) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Bovis Homes... More of this article »
Bombardier’s Outperform Rating Reaffirmed at RBC Capital (BBD.B)
Bombardier (TSE: BBD.B)’s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Wednesday. They currently have a $5.00 price target on... More of this article »
FedEx Rating Reiterated by JPMorgan Chase (FDX)
FedEx (NYSE: FDX)’s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase in a research note issued to investors on Wednesday. The analysts wrote, “FDX’s 3QF13 EPS... More of this article »
DSW PT Lowered to $71.00 (DSW)
Equities research analysts at MKM Partners decreased their price target on shares of DSW (NYSE: DSW) from $75.00 to $71.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the... More of this article »
Medical Experts Want Caffeine Limits in Drinks
A group of doctors has urged the U.S. Food and Drug Administration to take more action to protect teenagers from the risk of ingesting too much caffeine from popular energy drinks. An 18-member group of medical experts said that there... More of this article »
Mediaset Upgraded to “Sell” at Goldman Sachs (MDIUY)
Mediaset (NASDAQ: MDIUY) was upgraded by equities researchers at Goldman Sachs from a “neutral” rating to a “sell” rating in a report issued on Wednesday. Mediaset (NASDAQ: MDIUY) traded up 2.93% on Wednesday,... More of this article »
S&P 500 Drops for Third Straight Day
The Standard & Poor’s 500 index dropped for the third day in a row Tuesday but managed to pare losses late in the day after Cyprus’ parliament rejected a proposed tax on bank deposits, which was one of the conditions of a European... More of this article »
Ghassan Hitto new rebel Prime Minister in Syria
On Tuesday, the largest Syrian rebel opposition coalition group elected a U.S. educated activist as its new prime minister. Ghassan Hitto will serve as the coalition’s prime minister in the areas of land that are controlled by the... More of this article »
Florida Jobless Rate Drops below US Average
Florida’s unemployment rate in January dropped below the national average for the first time in five years. The January employment report was released by the Florida Department of Economic Opportunity Monday. It stated that the unemployment... More of this article »
Dow Jones Investigated Allegations of Bribery in China
An announcement was made by Dow Jones & Company saying it had investigated the alleged bribery of Chinese officials by employees of the Wall Street Journal over obtaining important information. The U.S. Justice Department requested... More of this article »