Home » Archive for January, 2014
Harley-Davidson Earnings Up for Fourth Quarter of 2013
Harley-Davidson announced that its earnings for the fourth quarter were up 6.8% as sales in motorcycles continued to increase worldwide. The company based in Milwaukee, Wisconsin said its global sales for new motorcycles was up 5.7%... More of this article »
Shell Quarterly Earnings Drop 48% (NYSE:RDS.A)
Royal Dutch Shell has reported that its fourth-quarter profits would be lower than expected. The company announced that adjusted earnings would drop to $2.9 billion for the quarter. This is a 48 percent decline from the same quarter... More of this article »
Bitcoin Pioneer Facing Money Laundering Charges
Charlie Shrem, the pioneer of the Bitcoin has been charged by federal officials with money laundering and on Tuesday resigned from the Bitcoin Foundation board of directors. The foundation is the trade group promoting the unregulated... More of this article »
Apple Releases Disappointing iPhone Sales
Apple has sold a record amount of iPhones during the past three months, but the stock in the company plummeted as investors had been expecting a much larger sales figure. The tech giant based in Cupertino, California, sold 51 million... More of this article »
Samsung and Google Reach Agreement on Patent
Samsung Electronics signed with Google an agreement that cross-licensed their patents. This reduces the risk of any legal disputes that can be costly over the rights of intellectual property. The signing of the agreement likely will... More of this article »
Google Offers $3 million to Hackers
Google, which does not take Internet security lightly, has announced its willingness to pay computer hackers up to a total of $3 million to find and exploit its computer software Chrome OS. The company, based in Mountain View, California,... More of this article »
Li Na Wins First Australian Open
Li Na has won the Australian Open after defeating Dominika Cibulkova on Saturday in straight sets 7-6 (3), 6-3. Na, the No. 4 seed defeated Cibulkova the No. 20 seed for her first Australian Open title. Na, the French Open titleholder... More of this article »
Tau Kappa Epsilon Frat Expelled by ASU
Arizona State University has permanently expelled the Tau Kappa Epsilon fraternity this week following a controversial TKE Martin Luther King Party, said officials at the university. The university announced that the party had encouraged... More of this article »
IBM Selling Low-End Server Business (NYSE:IBM)
IBM has announced that it is selling its low-end server business to Lenovo of China for $2.3 billion. The server business being sold includes the x86 line and is one of the world’s largest computer server businesses, purchased at... More of this article »
Netlfix Soars on Subscriber Growth
Netflix’s electrifying growth rate continued during the 2013 fourth quarter. Over 2.3 million new households in America signed up to the streaming service. The results were the best quarterly performance the company has seen in the... More of this article »
Intel To Lay Off 5,000 Employees This Year (NASDAQ:INTC)
According to an anonymous company official, Intel will lay off about 5 percent of its work force, or 5,000 jobs, during 2014. The Intel official said the employment cuts were part of a larger program to shift resources to growing business... More of this article »
Mediterranean Diet Tied to Lower Artery Disease Risk
People eating a Mediterranean diet that is high in nuts or olive oil might reduce their chances of developing clogged arteries in the leg, according to a new study in Spain. The new study’s results follows those from a trial published... More of this article »
30 Priests’ Sex Abuse Files to Go Public
On Tuesday, thousands of pages of files that show how the sexual abuse cases of priests were handled by the Archdiocese of Chicago will be opened to the public. This will provide the broadest look to date into the details of the child... More of this article »
Nintendo Predicts Large Loss, Calls Wii U a Flop
Nintendo, the maker of video games said that the sales of its Wii U, the console/controller combo have flopped and helped push the company into its third straight annual loss. Nintendo cut its forecast for global sales for its Wii... More of this article »
Google Buses for Employees Now Have Security Guards
At first, Google commuters from San Francisco received buses that had plush seats and WiFi. Now, they are getting their own security. Recently men wearing earpieces have watched passengers boarding the commuter buses for Google at... More of this article »
Suspect in Ricin Case Pleads Guilty
On Friday, James Everett Dutschke changed his mind in a big way when he pleaded guilty to sending letters laced with ricin to a judge in Mississippi, Roger Wicker a U.S. Senator and the biggest figure of all President Barack Obama. Since... More of this article »
Google Developing Contact Lens to Monitor Glucose
On Thursday, Google unveiled a contact lens it says monitors the glucose levels of the wearer’s tears. It is a potential reprieve for the millions of sufferers of diabetes who must jab a finger to test their blood up to 10 times... More of this article »
Chuck E. Cheese Sells for $1 Billion
Chuck E. Cheese was sold to Apollo a private equity company in a sale that valued the restaurant chain that focuses on entertainment for children at nearly $1 billion. The sale, which was officially announced on Thursday will have... More of this article »
Merck Recalls Liptruzet its Cholesterol Drug
Merck & Co the huge drug maker announced this week that it was recalling its combination drug for cholesterol wiping out its entire stock in the U.S. The recall was due to defects in packaging that could lower its effectiveness. Merck... More of this article »
Microsoft Finds Move To Devices And Services Lucrative (NASDAQ:MSFT)
In the past, Microsoft made huge profits by selling software on discs to customers. Today, Microsoft is expanding its portfolio with hardware products with markedly lower margins. The company has transformed from a software factory... More of this article »
Bayer Names Different Culprit In Mass Bee Die-offs (OTCMKTS:BAYRY)
The European Union has linked a type of pesticide that Bayer produces to the large-scale die-offs of honeybee populations in Western Europe and North America. The pesticides, known as neonicotinoids, were banned in Europe this year... More of this article »
Pizza Hut Pizza by the Slice Says Company Officials
Pizza Huts officials are planning to start selling pizza by the slice in two locations for the first time this week. It is part of a test to remake its image and court the 20 to 30 year old diners. The two locations taking part in... More of this article »
Volkswagen to Spend Billions to Revive U.S. Market
Volkswagen AG is planning to invest over $7 billion during the next five years across North America to revive is efforts to grab a larger share of the car market in the U.S. The largest carmaker in Europe will use part of the money... More of this article »
Rodriguez Suspended for Entire 2014 Season
Fredric Horowitz an arbitrator cut the drug suspension of Alex Rodriguez of the New York Yankees from 211 games to 162. The decision is one the third baseman for the New York Yankees vowed to fight in a federal court. Rodriguez would... More of this article »
Shipments of PCs Dropped 6.9% During 2013 Fourth Quarter
Personal Computer global shipments fell by 10% during 2013 and by 6.9% during the last three months of the year compared to the same period in 2012. The PC industry marked a historically poor year in 2013 and looks forward to a reversal... More of this article »
JPMorgan And Federal Authorities Reach Settlement In Madoff Case (NYSE:JPM)
JPMorgan Chase has reached a settlement with federal authorities to resolve allegations that the bank missed its chance to warn federal authorities about the Ponzi scheme of Bernard L. Madoff. JPMorgan was Mr. Madoff’s primary bank... More of this article »
FDA Approves Farxiga for Type 2 Diabetes
Reversing a negative decision taken back in 2012, the U.S. Food and Drug Administration approved on Wednesday AstraZeneca’s dapagilflozin, which will be sold as Farxiga in the U.S., to help improve the glycemic control, along with... More of this article »
Samsung To Report Bigger Decline In Earnings Than Expected For Year End (LON:BC94)
Samsung Electronics reported that earnings in the last quarter of 2013 were lower than in the previous three-month period as well as lower than the same period a year ago. The company released a prediction that operating income would... More of this article »
Apple Now Has Official Store on E-commerce Site in China
Apple has opened two official online outlets for sales in China, after it opened its virtual doors on Tmall.com, a huge marketplace online operated by the largest e-commerce website in China named Alibaba Group. It is still not clear... More of this article »
Florida State Rallies to Beat Auburn for National Title
In what many will consider one of the all-time classic national championship games, the Seminoles completed an undefeated season as Auburn failed to pull off yet another miracle in a season that was full of Tigers’ miracles. The... More of this article »
New Study Says Twitter and Facebook Being Beaten by Instagram
Many companies wonder where they can get the best results in promoting themselves online. Twitter has received great hype as a tool for advertising, but according to a recent study, Instagram is beating out its competitors as the brand... More of this article »
Being the King of your Ccastle with High-Tech Security
Imagine if you were back in mediaeval times. It was so much easier to secure your property in those days. If you were a king or nobleman, you had an epic castle with heavily fortified walls that only a boulder could plough its way... More of this article »
Yahoo Users Attacked by Malware
An attack of malware hit an advertising server for Yahoo over the past couple of days, affecting thousands of Internet users that use the platform. The users affected were in different countries, said a security firm on the Internet. Fox-It,... More of this article »
Blood Pressure: Most Dangerous Amongst Women
A new study shows that high blood pressure can be potentially more dangerous for women than for me, suggesting that physicians might have to treat the dangerous condition in females both earlier and more aggressively. This study is... More of this article »
GlaxoSmithKline Ending Drug Promotion Payments (NYSE:GSK)
After being criticized for years for the practice, GlaxoSmithKline has announced the end of its program to pay doctors to promote its products. Pharmaceutical companies have paid doctors to speak on their behalf for decades. Doctors... More of this article »
General Motors Plans Midwestern Factory Upgrades At Cost Of $1.3 Billion (NYSE:GM)
General Motors has announced plans to invest $1.3 billion into projects to upgrade five of its factories in the Midwest. The money will be spent on upgrades to facilities in Michigan, Ohio and Indiana. The planned projects include... More of this article »
Chinese Newspaper: Jang Song Thaek Fed to Dogs
A state-backed newspaper in China has reported that Jang Song Thaek the uncle of Kim Jong-un North Korea’s leader was stripped of his clothes and fed to over 120 hungry dogs as officials looked on. The report was in the Wen Wei Po... More of this article »