Home » Archive for April, 2014

Image for Drop In Oil Production Hurts Shell Profit (NYSE:RDS.A)

Drop In Oil Production Hurts Shell Profit (NYSE:RDS.A)

European oil giant Royal Dutch Shell announced a profit decline of 45 percent in the first quarter, compared with a year earlier, as a drop in the company’s production of oil hurt its profits. Shell reportedly earned $4.5 billion... More of this article »
Image for Walmart Makes Deal To Sell Auto Insurance (NYSE:WMT)

Walmart Makes Deal To Sell Auto Insurance (NYSE:WMT)

Retail giant Walmart has announced a deal to partner with AutoInsurance.com to sell insurance policies to consumers. The partnership would allow customers to comparison shop for auto insurance on AutoInsurance.com’s website, comparing... More of this article »
Image for Sportsbooks: Pacers on the Verge of Elimination

Sportsbooks: Pacers on the Verge of Elimination

The Indiana Pacers were pushed to the brink of elimination on Monday night, when they lost to the Atlanta Hawks in Game 5 of their best of seven first round NBA Eastern Conference playoff series. Atlanta now leads the series 3-2. The... More of this article »
Image for Sterling’s Remarks Have Changed Everything

Sterling’s Remarks Have Changed Everything

Everybody in the organization of the Los Angeles Clippers franchise knew the type of person Donald Sterling the owner is. He was the one cloud hanging above the franchise that seemingly finally had its stars all aligned perfectly. Some... More of this article »
Image for Profit Triples For Facebook In First Quarter (NASDAQ:FB)

Profit Triples For Facebook In First Quarter (NASDAQ:FB)

For the first quarter of its fiscal year, Facebook reported that its net income nearly tripled and revenue grew 72 percent. For the quarter, Facebook reported revenue of $2.5 billion. This was an increase from the $1.46 billion reported... More of this article »
Image for Colombia Increases Bank Key Rate Unexpectedly

Colombia Increases Bank Key Rate Unexpectedly

The central bank of Colombia unexpectedly increased its benchmark rate of interest for just the first time in over three years amidst new signs the economy is rebounding with a surge in worries over inflation. The board at the bank... More of this article »
Image for General Motors Waves Goodbye to Much of its Profit

General Motors Waves Goodbye to Much of its Profit

General Motors costs for its recall have exceeded $1.3 billion and wiped out much of its quarterly profits. The U.S. automaker announced on Thursday that the recall expenses were much higher than originally anticipated. The cost of... More of this article »
Image for Novartis, GlaxoSmitheKline and Eli Lilly Announce Deals

Novartis, GlaxoSmitheKline and Eli Lilly Announce Deals

Novartis will be focusing more going forward on cancer. GlaxoSmithKline will be focused on vaccines, while Eli Lilly will be looking at animal health as the three drug makers announced on Tuesday deals that could total more than $28.5... More of this article »
Image for Food Packaging and Front Labeling

Food Packaging and Front Labeling

A recent study says that food labeling on the front of a package boosts the ability of a consumer to make choices that are more informed by being able to comprehend the nutritional data better. The study dives head first into the value... More of this article »
Image for Chobani Moving Beyond Just Greek Yogurt

Chobani Moving Beyond Just Greek Yogurt

Chobani plans on expanding behind just its Greek yogurt cups that have become so popular. The expansion this summer is due to the increasing amount of competition in the quick growing category. Beginning in July, the yogurt company... More of this article »
Image for IBM Reports Drop In Revenue And Profit

IBM Reports Drop In Revenue And Profit

In the first quarter, IBM reported that its profit fell and its revenue declined for the eighth consecutive quarter. Revenue for the quarter was $22.5 billion, below the average estimate of Wall Street analysts of $22.9 billion. This... More of this article »
Image for Google Fails To Meet Expectations In First Quarter

Google Fails To Meet Expectations In First Quarter

In the first quarter, Google reported earnings and revenue that were well short of analysts’ expectations. Earnings per share missed by 12 cents and revenue came in $100 million short of what was expected. For the quarter that ended... More of this article »
Image for Shipments of Xbox One Surpass Five Million

Shipments of Xbox One Surpass Five Million

The next-generation Xbox console sold over 311,000 units across the United States in March, outpacing the Xbox 360 in the same period. On Thursday, Microsoft announced that over 5 million Xbox One consoles were shipped since the November... More of this article »
Image for Yahoo Revenue and Earnings Beat the Street

Yahoo Revenue and Earnings Beat the Street

Yahoo announced its revenue and earnings for the latest quarter that beat Wall Street analysts’ estimates. Shares of Yahoo were up over 9% in trading afterhours on Tuesday, as of the close of business on Monday, the stock had fallen... More of this article »
Image for Bubba Watson Wins Second Green Jacket

Bubba Watson Wins Second Green Jacket

Bubba Watson celebrated his win on the 18th green at the Masters on Sunday by high fiving the patrons at the Augusta National Country Club. The kind of celebration of a win that is so Bubba-like would have been relished by many two... More of this article »
Image for THE LONDON TRIATHLON KEEPS THE OLYMPIC SPIRIT GOING

THE LONDON TRIATHLON KEEPS THE OLYMPIC SPIRIT GOING

It is frightening to think about how much time has passed since London hosted the most recent Olympic Games. London 2012 became such a big part of our collective lives before and during the event, yet it is two years back in history... More of this article »
Image for Credit Card Practices Earn Bank of America $772 Million Penalty (NYSE:BAC)

Credit Card Practices Earn Bank of America $772 Million Penalty (NYSE:BAC)

Federal regulators ordered Bank of America to pay roughly $772 million in refunds and fines to settle charges of using deceptive marketing and billing practices involving credit card products sold by the bank. The misleading practices... More of this article »
Image for Hepatitis C New Treatment Could by Huge Breakthrough

Hepatitis C New Treatment Could by Huge Breakthrough

A new drug treatment used to fight Hepatitis C has cured more than 90% of patients inflicted with the infection in just 12 weeks, said scientists. The recent study marked a major breakthrough said experts and marked a big turning point... More of this article »
Image for Comcast Says Proposed Merger With Time Warner Cable Wouldn’t Stifle Competition (NASDAQ:CMCSA)

Comcast Says Proposed Merger With Time Warner Cable Wouldn’t Stifle Competition (NASDAQ:CMCSA)

The announced merger between Comcast and Time Warner has been met with skepticism and fears that competition in the industries they serve would be substantially reduced. An array of consumer-advocacy groups, members of Congress and... More of this article »
Image for California City Says Sriracha Sauce is Public Nuisance

California City Says Sriracha Sauce is Public Nuisance

Wednesday night a city in Southern California declared that the factory producing the hot sauce called Sriracha a public nuisance. The city gave the operators of the factory 90 days to make the necessary changes that will stop the... More of this article »
Image for UConn defeats Kentucky for the National Championship

UConn defeats Kentucky for the National Championship

Shabazz Napier ended his collegiate basketball career with 22 points and the Most Outstanding Player award in the Final Four. The senior guard for the Connecticut Huskies helped his team defeat the Kentucky Wildcats 60-54 to win the... More of this article »
Image for Fire TV Unveiled By Amazon (NASDAQ:AMZN)

Fire TV Unveiled By Amazon (NASDAQ:AMZN)

Amazon has begun selling a device that allows consumers to watch Amazon’s extensive video library as well as play a wide array of games on their television sets. At a Manhattan news conference held to announce the device, Peter Larsen,... More of this article »
Image for General Motors Announces Recruitment Of Crisis Experts (NYSE:GM)

General Motors Announces Recruitment Of Crisis Experts (NYSE:GM)

G.M. chief executive Mary T. Barra was visibly shaken at the end of the second bruising day of testimony on General Motors’ ignition switch recall. Surrounded by a cadre of company officials, Ms. Barra was hustled out the door and... More of this article »
Image for Password Flaw on Xbox Exposed by Child

Password Flaw on Xbox Exposed by Child

A San Diego, California five-year old boy has discovered a password flaw in the new Xbox. Kristoffer Von Hassel was given a mention in the security acknowledgements by Microsoft for March after he discovered a security glitch later... More of this article »
Image for Government Agency from U.S. Built Social Media in Cuba

Government Agency from U.S. Built Social Media in Cuba

The United States, in what appears to be a throwback to the campaigns of the Cold War of espionage, disinformation and disruption spent more than $1.6 billion to build a network of social media with the goal of undermining the Castro... More of this article »
Image for Facebook Executives Enjoy Huge Payday

Facebook Executives Enjoy Huge Payday

Executives at Facebook received huge paydays for their 2013 efforts, even though the pay packages were not as lucrative as they had been the previous year in 2012. On Monday, in a Facebook regulatory filing the company said three top... More of this article »
Image for FDA Approves First Hemophilia B Drug

FDA Approves First Hemophilia B Drug

Biogen Idec has announced that the U.S. Food and Drug Administration approved ALPROLIX, the company’s drug for treating hemophilia B. Hemophilia B is a rare, genetic and chronic condition in which the clotting process in a person’s... More of this article »