Home » Archive for October, 2013
Shell Sees Profits Drop 32%
The largest company in Europe by market capitalization, Royal Dutch Shell, reported earnings that were sharply lower for its third quarter, as weaker profit margins and a disruption in Nigeria, one of the leading production areas for... More of this article »
Quarterly Earnings at Chrysler Up 22%
On Wednesday, Chrysler reported it had net income for the third quarter of $464 million, which was up by 22% from the $381 million the automaker reported during the same quarter a year earlier. Total revenue was $17.6 billion for the... More of this article »
How’s Your Ticker? 6 Heart Health Tips
We all hear about how important it is to have a healthy heart, but do you really know how to keep yours healthy? Many people think they know the basics and the more obvious facts, but after doing some research, they realize how many... More of this article »
Surfer Rides Big Wave to New Record
Carlos Burle a surfer from Brazil might have set a new world record for surfing the largest wave after he rode a wave estimated to be 100-feet high off Portugal’s coast. Burle took on the ominous looking wave while he was surfing... More of this article »
Jeep Plows into Pedestrians Killing Five
An out of control Jeep ran into pedestrians near Tiananmen Square in Beijing on Monday before crashing to a halt before the Tiananmen Gate and bursting into flames. Authorities believe five people were killed including the driver and... More of this article »
Amazon Still Fails To Make A Profit (NASDAQ: AMZN)
Amazon’s third quarter delighted investors because the company sold vast quantities of things to consumers around the world. Unfortunately for Amazon, it lost money while doing so. The company reported that its revenue was up 24... More of this article »
Red Sox Obstructed from Win
Game 3 of the World Series was as classic as they could come and only an obscure rule separated the two teams. St. Louis won the game 5-4 to take a 2-1 lead in the Series. It was the first time in the history of the World Series that... More of this article »
Hydrocodone Drug Approved by FDA
The U.S. Food and Drug Administration gave its approval this week to a single-ingredient stronger version of hydrocodone, the prescription painkiller that is widely abused. The regulatory agency said on Friday that it approved Zohydro... More of this article »
Fed Prepares Big Banks for Severe Downturn
The Federal Reserve proposed that large banks should keep enough cash, government bonds and other assets on hand in order to survive a severe downturn, like the 2008 financial crisis. The proposal subjects the banks to liquidity requirements... More of this article »
Twitter IPO at More than 26 Times Sales
San Francisco based Twitter is looking for a company valuation of more than 9.5 times its 2014 sales in its November initial public offering, according to new data in one of their filings with the SEC on Thursday. That amount is 27%... More of this article »
Fliers on Spirit Revolt Due to Delays
Wednesday night Broward County Sheriff Deputies were called by authorities at the Fort Lauderdale International Airport after passengers from a Spirit Airlines flight, that had been delayed, started to become unruly. Deputies did not... More of this article »
Same-Day Delivery Service to Be Presented by eBay in New Way
In order to improve its same-day delivery service, eBay has agreed to acquire Shutl last Tuesday. The move was made to make the company competitive with Amazon, which is the world’s biggest online retailer. Shutl was founded by Tom... More of this article »
Study: Flu Vaccine Cuts Heart Attack Risk
Receiving a flu shot helps cut the risk of a heart attack and stroke by over 50% in those people who have already suffered a heart attack, shows a new study. The lead author in the study, a cardiologist from the University of Toronto... More of this article »
Nokia World Unveils Tablets and Phablets
Nokia unveiled its first set of phablets – oversized smartphones – as well as its first flat board tablet computer. The Windows Phone new phablets introduce a new ability to edit which of the objects in a particular photo are in... More of this article »
In China Starbucks Facing Media Fire
Starbucks Corp has charged customers higher prices in China than in other markets, which has helped the company earn large profit margins, a report said from China Central Television. The largest coffee chain in the world is the most... More of this article »
Amazon Tax Violated Federal Rules
The Illinois Supreme Court rejected a state law Friday that taxes Internet sales. The high court stated that the so-called Amazon tax violated federal rules against discriminatory taxes on online or digital transactions. The Illinois... More of this article »
Brains Clean Themselves during Sleep
During the time a brain sleeps, it is able to clear itself of harmful toxins, this process might lower the risk of developing Alzheimer’s disease, said researchers. During sleep, the cerebrospinal fluid flow in the brain become dramatically... More of this article »
Occidental Petroleum Selling Shares in North Africa, Middle East
Occidental Petroleum based in Westwood, California is seeking to streamline operations and reduce political risk. The company announced it would sell its minority stake in oil fields in both North Africa and the Middle East as well... More of this article »
Bale Healthy and Ready to Return to Real Madrid
On Wednesday of this week Gareth Bale returned to full training for Real Madrid and looked likely to at least be chosen to sit on Carlo Ancelotti’s bench as a possibly substitute for this weekend’s match. Ancelotti agreed to comments... More of this article »
Amarin Plummets After Pill Fails Panel Backing
Amarin Corp stock lost over half its value on Wednesday in early trading after it failed to secure the backing of a panel of advisers in the U.S. to expand the use of Vascepa its fish-oil pill for people with blood that has high levels... More of this article »
Alibaba Approaching Sales of Facebook with Higher Profit
Chinese e-commerce giant Alibaba Group Holding is headed for its initial public offering. It posted its earnings report for the recently ended quarter, which was a way to give a valuation, unlike the way Facebook, Inc when it had its... More of this article »
Profits Up at Coca-Cola
Coca-Cola announced its profits had risen during the third quarter as the biggest beverage maker in the world managed to increase sales despite the up and down conditions in the economy. The makers of Powerade, Vitaminwater and Sprite... More of this article »
Price Jumps from China to India Risk World Growth
Higher costs of food from India to China are increasing prices for one third of the world’s population, adding to the difficult challenge of sustaining the world economic recovery as the outlook dims for growth. China’s consumer... More of this article »
Iron Man Armor Planned for U.S. Army Forces
Officials with the U.S. Army have said they are working to develop smart armor that is revolutionary and would gives troops real superhuman strength that is only known today in the movies. The army has called up the technology industry,... More of this article »
Things to Consider Before Allowing Employees to Telecommute
Technology has made businesses much more efficient, but has the time come for us to work in the comfort of our homes? Are business offices an outdated novelty that need no longer exist? Here are a few things to consider when deciding... More of this article »
Top 9 Eco-Friendly Apps for Your Smartphone
Looking to reduce your impact on the environment, consume less energy, and decrease your carbon footprint? One of the first steps involves gaining knowledge, and you can find that in the palm of your hand. Harness the power of your... More of this article »
Peterson’s Son Dies Following Alleged Assault
A boy who was just two-years old who reportedly was the son of Adrian Peterson the star running back for the Minnesota Vikings died on Friday from injuries suffered after he was allegedly abused. Police from the South Dakota city of... More of this article »
Safeway Preparing to Leave Chicago
Stock at Safeway was up during Friday’s premarket trading following the announcement form the supermarket operator that it will move out of the Chicago market by the early part of next year. Safeway said on Thursday it was moving... More of this article »
Oil Prices Played $104 after US Government Was Shut Down
The price of oil dropped a day after the International Monetary Fund cut its forecast for global growth through the end of 2014. Benchmark crude for November delivery declined 3 cents to $103.46 a barrel on the New York Mercantile... More of this article »
U.S. Gymnast Hears Race Remark
Last week American gymnast Simone Biles won the world all around title to become the first black woman to do so. However, racist comments took away from the proud moment of the 16-year old. After the American had won the bronze medal... More of this article »
Galaxy Round Announced by Samsung
Samsung seems to be the first high-tech company to unveil a display for a smartphone that is flexible with his launching of the Galaxy Round in Korea. Samsung makes its Galaxy devices across the form and size factor spectrum and announced... More of this article »
Samsung Appeal of Obama Veto Lost
Samsung Electronics must stop its importing of some of its models of tablets and smartphones into the United States, after the White House administration upheld a ban that was won by Apple in a dispute over patent infringement. A statement... More of this article »
Sweden Tops List for Global Visa-less Travel
Citizens from Sweden can travel to 173 different countries across the globe without the need for applying for a single visa. That puts the Nordic country tied at the top of the list for visa-free traveling. The country at the bottom... More of this article »
Rose Returns after 18 Months on the Sidelines
Just minutes prior to the Chicago Bulls preseason game against the Indiana Pacers on Saturday, Derrick Rose emerged out of the tunnel of the Banker Life Fieldhouse to a huge cheer from the crowd. Chicago fans had come to watch the... More of this article »
Potbelly Gains after IPO
Potbelly Corp. has more than doubled in trading after it priced its initial public offering over the increased range. This indicated investors’ appetite for restaurant chains. The Chicago-based seller of made-to-order toasted sandwiches... More of this article »
Cooper Tires Request Court to Close Deal
On Friday, Cooper Tire & Rubber Co. said it had filed a complaint with a court in the U.S. to close an acquisition worth $2.5 billion with Apollo Tyres of India. The American company wants the court to force the India-based company... More of this article »
Ford Shifts Focus To Chinese Market (NYSE:F)
Ford has decided to turn its attention to growth in the Chinese market. Ford has bet heavily on the mainland Chinese market and is rapidly expanding there. General Motors has thrived in China, thanks mainly to its Buick brand, which... More of this article »
US Department of Labor No to September Payrolls
The US Department of Labor said that the September Payrolls report is one of the casualties of the partial government shutdown. It was scheduled to be released on Friday, October 4. The department hasn’t issued an alternative date... More of this article »
Statins Might Reduce Inflammation of Gums
A new released study gives more evidence that a link exists between health and oral health. The study found that statins in high dosage are able to reduce inflammation in gums in patients with heart disease, in just four weeks. Statins... More of this article »
Study: Exercise Equal to Drugs for Treating Heart Disease and Stroke
A new study just released this week in Paris says that exercise might be as effective for patients as some medications in lowering the risk of dying in stroke patients as well as in people that have heart disease. Researchers from... More of this article »
The booming business of crime-scene cleaners
Over the years, we’ve all seen the aftermath of horrific crimes on the TV news. The police tape preventing access and the white tents keeping the location free from prying eyes are familiar sights, but what happens when the sites... More of this article »
Washington Post Completes Sale to Bezos
The Washington Post Co. announced Tuesday that it has completed the sale of the newspaper to the founder and chairman of Amazon.com, Jeff Bezos. It ended the 80 years of local control of the newspaper by the Graham family. The deal... More of this article »
Auto Makers Worried Over Sustaining Sales during Shutdown
Automakers reported strong sales for September that were on pace to set the best annual sales since 2007. However, a collective shiver ran through the entire industry when it contemplated what impact a prolonged governmental shutdown... More of this article »