Home » Archive for February, 2014
Bayer Increases Sales Forecast for Drugs
Bayer AG has raised its peak sales forecast for new drugs even though results from the fourth quarter and outlook for revenue for the upcoming year missed estimates of analysts. The five most important Bayer medications will generate... More of this article »
Sturm Ruger Earnings Miss Estimates
Sturm Ruger, the largest firearms maker in the U.S. that is publically traded, reported earnings for their fourth quarter that did not meet estimates of analysts for just the first time in 5 years. Profit per share increased from $1... More of this article »
Macy’s Profits Grow in Fourth Quarter, Weak Sales in January Miss
Macy’s had better than expected fourth quarter profits that increased by 11%, said the U.S. retailer on Tuesday. However, the sales at the department store chain missed its targets as the severe weather kept many shoppers away. Shares... More of this article »
Bitcoin Exchange Mt. Gox Offline
The Bitcoin exchange Mt. Gox that stopped withdrawals earlier this month has gone offline as peers in the industry have distanced themselves from the company that is based in Tokyo in an attempt to defend the online currency. Efforts... More of this article »
Sina Preparing Weibo for IPO in New York
Sources have said that Sina, the internet platform from China has picked a handful of banks for its spinoff of its micro-blogging, Twitter like service known as Weibo. This is the latest of a number of deals that have been high-profile... More of this article »
Toyota Sees Success With Rapid Turnaround (NYSE:TM)
No car company can claim to have had a bigger comeback since the recession than Toyota. Chief executive Akio Toyoda has worked tirelessly to streamline Toyota’s global organization chart and increase the company’s emphasis on newer... More of this article »
Anti-Fraud Technology On Fast Track At Target (NYSE:TGT)
At a recently held Senate Judiciary Committee hearing, a top executive of Target announced that the company would be accelerating its plans to adopt a technology that has been found to reduce potential for credit card fraud. The technology... More of this article »
Microsoft Could Cut Price of Windows by 70%
Microsoft Corp. is lowering the price by 70% of its Windows 8.1 for makers of inexpensive tablets and computers as they attempt to fend off their cheaper rivals such Chromebooks by Google, said people familiar with the company. Manufacturers... More of this article »
Barnes & Noble Receives Takeover Bid
Barnes & Noble, the bookseller that has struggled, received a takeover bid from G Asset Management LLC for 51% of the business for $22 per share, which puts a value on the company of $1.32 billion. G Asset also has proposed the... More of this article »
Younger Population Hit by Flu Says CDC
As this year’s flu season begins to wind down, officials said it was better than last year and that the vaccine had worked better. However, younger adults had been hit harder due to an increase in swine flu. The H1N1 was the biggest... More of this article »
Beauty Queen in Venezuela Fatally Shot Amidst Protests
People in Venezuela have hit the streets recently leading to brutal classes between police and protesters. The demands of the protesters are varied, ranging from social to economic. A beauty queen from the South American country who... More of this article »
Soft Drink Sales Continue Decline
Coca-Cola and other soda makers have struggled with the declining demand in North America for their carbonated drinks making them count more on their other products to entice back and diversify customers. However, the companies have... More of this article »
Sony Sells 5.3 Million PS4 Consoles Worldwide
Sony said it was well ahead of its deadline to pass the 5 million mark in sales of PS4 by March. The company said that 5.3 million consoles had been shipped across the globe as of February 8. Sony takes pride when announcing these... More of this article »
Disneyland Hong Kong Opening Largest Hotel
Hong Kong Disneyland has announced it is planning to open a third hotel, which will be its largest, in early 2017 so the amusement park can accommodate the huge influx of visitors from countries such as South Korea and China amidst... More of this article »
India Drugs Coming Under U.S. Regulatory Scrutiny
Inspectors from the U.S. regulator the Food and Drug Administration have been visiting drug manufacturers in India issuing penalties, including bans on imports on certain medications that were adulterated, such as Accutane the acne... More of this article »
Occidental Petroleum Moving Headquarters to Houston
Occidental, the California based producer of natural gas, will move its headquarters to Houston after close to a century of being based in Los Angeles. The move was part of the energy company’s corporate overhaul. The fourth largest... More of this article »
Avon Sales Fall in U.S., Reps Continue Exodus
On Thursday, Avon Products announced an exodus of more if its active representatives during the fourth quarter, while recording a steep decline in sales across the U.S. and in several of its emerging markets. While the company remained... More of this article »
Auto Sales Growth Falls in China During January
The growth of auto sales in China during January fell 7% amidst a slowdown in the economy and curbs the government imposed to fight against traffic and smog. Drivers in the biggest auto market in the world bought over 1.85 million... More of this article »
IBM Spending Big On Cloud Computing In 2014 (NYSE:IBM)
IBM has announced plans to spend heavily on cloud computing during the coming year. To increase the number and quality of computing centers it has worldwide, IBM is moving rapidly on its plans to spend $1.2 billion this year on its... More of this article »
More Children Drinking Coffee in the U.S.
The drug that is most popular amongst children in America is not alcohol, Ritalin or even marijuana. It is just plain old caffeine. However, many children today have gone from getting their caffeine fix through colas to filling up... More of this article »
T-Mobile Offers To Cover Termination Fees (NYSE:PCS)
T-Mobile US has announced its plan to cover the termination fees for individuals, as well as up to five lines per family, for consumers who switch from their current carrier to T-Mobile. In announcing the plan, John Legere, T-Mobile’s... More of this article »
Shirley Temple Dies Aged 85
Shirley Temple Black, who as a dimpled, bright-eyed youngster lifted the spirits of Americans during the Great Depression as well as later becoming a diplomat for the U.S., died on Monday. Temple Black was 85 said a spokesperson for... More of this article »
Google Buys Sound Authentication Start-up for Undisclosed Amount
Google does not take internet security lightly and in an effort to improve identity verification they have purchased SlickLogin, an Israeli start-up company. SlickLogin announced the acquisition on their website but as yet no financial... More of this article »
America’s Rich Donate Billions
Mark Zuckerberg, founder and CEO of Facebook, and Priscilla Chan his wife, were the most generous philanthropists in the United States during 2013, show new figures released. The couple donated 19 million Facebook shares of stock that... More of this article »
Oklahoma State’s Smart Shoves Fan from Texas Tech
Marcus Smart a star basketball player with the Oklahoma State Cowboys shoved a fan of the Texas Tech Red Raiders during the final second of the Cowboys loss 65-61 to the Red Raiders in Lubbock, Texas on Saturday night. Smart attempted... More of this article »
Subway Removing Chemical from its Bread
In some varieties of bread sold at Subway there is a chemical that might seem hard to pronounce and unfamiliar. The chemical azodicarbonamide has been receiving a great deal of attention of late. Besides in Subway bread, the chemical... More of this article »
California Wants Phone and Tablet Kill Switches
Politicians and officials in law enforcement in California said a bill would be introduced on Friday in the California legislature that would require all tablets and smartphones sold in the state to be equipped with a kill switch that... More of this article »
CVS Pulling ALL Cigarettes from Stores
CVS pharmacies are proud that they have nearly everything their customers need, including toilet paper to dog food and over the counter medicines to ice cream. However, people that want to buy tobacco will soon have to shop elsewhere. CVS... More of this article »
Profits Jump 20% at Swatch
The largest watchmaker in the World, Swatch, reported that it profits in 2013 had jumped and that its start to the New Year was solid. Profits for the Swiss watchmaker were up 20.2% in 2013, despite the Swiss franc being strong which... More of this article »
Google’s Smart Decisions Lead To Rising Revenue and Profit, Despite Mobile Results (NASDAQ:GOOG)
Google has slowly started to become a mobile company but is wrestling with how to make as much money with mobile advertising as it has with the ads that appear on desktop computers. While the smart decisions made by the company has... More of this article »
Murderer Escapes By Prying Open Fences and Blending in with the Snow
Michael David Elliot a convicted murderer used his own hands to pry open two fences around the perimeter of the Ionia Correctional Facility to escape on Sunday night. The escape prompted authorities to put out a nationwide alert and... More of this article »
Danish Government In Disarray After Goldman Deal (NYSE:GS)
Denmark recently gave global financial giant Goldman Sachs permission to buy a stake in its state utility service. The move was not met with celebration. The Socialist People’s Party withdrew its ministers from the country’s governing... More of this article »
Ford Sales Drop, Chrysler’s Up
Sales are Fiat Chrysler Automobiles increased in January by 8% from the same period one year ago, despite multiple snowstorms and extremely cold temperatures that hit most of the U.S. during most of the month. However, Ford blamed... More of this article »
Manning Named MVP for Fifth Time in NFL Career
Peyton Manning was named for the fifth time as the NFL MVP following his record setting regular season. No other NFL player has won more than three MVP awards. This season the Denver quarterback set single season records for most touchdown... More of this article »