Home » Archive for July, 2015
GrubHub Increases Its Outlook for 2015 as Profit Surges
GrubHub Inc announced on Tuesday that it raised its guidance for the 2015, as the food ordering and delivery online company reported that earnings had soared during the second quarter. For the full year, GrubHub is projecting its earnings... More of this article »
Discovery Communications, Comcast Reach Agreement On Distribution (NASDAQ:DISCA)
Discovery Communications and Comcast have announced that they have reached an agreement on a new distribution pact. The distribution pact regards the carriage of Discovery’s 12 U.S. networks on Comcast cable systems. Those networks... More of this article »
Amazon Passes Walmart in Market Value
When Amazon posted its earnings for the second quarter investors were looking for one thing – profit. Amazon did not disappoint sending the price of its stock up nearly 19% during trading after hours and securing its new place as... More of this article »
U.S. Jobless Claims at a Four Decade Low
The fewest Americans in the past four decades filed last week for benefits of unemployment, continuing to lower the surge of early July that was likely tied to the mid-year shutdowns in factories and vacations at schools. Jobless claims... More of this article »
Harley-Davidson Sales Stall Causing Earnings to Sputter
On Tuesday, Harley-Davidson said revenue and profit slid during the most recent quarter, although earnings were still better than what Wall Street had expected. Shares, which slid this year by 17%, were up Tuesday 3.6% in trading before... More of this article »
IBM Reports Revenue Drop For 2Q (NYSE:IBM)
IBM’s overall profit and revenue declined in the second quarter of its fiscal year. IBM reported that its revenue fell 13 percent in the quarter. This was the 13th consecutive quarter of slipping revenue for the company. The second-quarter... More of this article »
T-Mobile Paying $17.5 Million for FCC Investigation
T-Mobile was ordered to pay a fine of $17.5 million after it did not comply with the FCC standards as well as not notifying the regulatory agency of two specific outages in August of 2014 of the mandatory service of 911. This in turn... More of this article »
Honeywell Profits Pass Estimates Thanks to Cost Controls
Honeywell International Inc has posted an increase that was better than had been expected for quarterly profit as the climate control systems and aircraft parts maker reined in its costs amidst declining sales. Shares of Honeywell... More of this article »
Greek Pharmacists and Civil Servants Go on Strike
Pharmacists shuttered their businesses in Greece Wednesday, while civil servants walked off the job protesting against the new bailout agreement that saved Greece from going bankrupt but imposed strong reform in a nation already racked... More of this article »
Lego Bricks Finally Getting First Makeover in Decades
The ease of working with the interconnected bricks by Lego is the big reason the toymaker based in Denmark is one of the largest companies in the sector today. However, Lego is on a quest of 15 years in tinkering with such success. Lego... More of this article »
Diabetes Affects Brain Function and Thinking Skills
A study that has just been published in the online journal Neurology indicates that people suffering from type 2 diabetes also demonstrate a drop in cognitive skills as well as the ability to regulate their blood flow to their brain.... More of this article »
Microsoft Announces Another Round Of Layoffs (NASDAQ:MSFT)
Microsoft has announced that it would be undertaking another round of layoffs, cutting up to 7,800 jobs, mostly from the mobile phone business recently acquired from Nokia. Microsoft’s current chief executive, Satya Nadella, announced... More of this article »
PepsiCo Revenue and Profit Beat the Street
PepsiCo Inc has reported quarterly sales and profit that was better than had been expected. The soft drink beverage maker raised its forecast for adjusted earnings for the year as its higher prices have helped drive its revenue growth... More of this article »
FBI Reportedly Raids Home of Jared Fogle Subway Spokesman
State and federal investigators reportedly served a search warrant at the home of Jared Fogle in Indiana Tuesday morning. Fogle is a spokesman for Subway who famously was able to lose over 200 pounds by eating only the sandwiches made... More of this article »
Toshiba Markdown on Profit Nearly Doubles Its Prior Estimate
Toshiba Corp will likely mark down its operating profit from the past by as much as 100 billion yen or $814 million, which is nearly double its estimated restatement made earlier, due to accounting irregularities, said a person close... More of this article »
Prices of Oil Fall on Shale Supply
Oil prices dropped on Friday over concerns of the resilient crude production in the U.S. and a deal between the West and Iran that would unlock millions of barrels of oil to the world market that is already oversupplied. The number... More of this article »
Macy’s Cuts Ties With Donald Trump After Controversy (NYSE:M)
Macy’s has decided that the company would no longer do business with Republican presidential candidate Donald Trump after he made controversial statements denigrating Mexicans and immigrants. Trump called Mexican immigrants rapists... More of this article »