Home » Archive for August, 2015
Jobless Claims in U.S. Remain Close to Historic Lows
The number of people in the U.S. seeking unemployment benefits last week for the first time fell, suggesting the U.S. labor market has remained healthy. The initial claims for jobless benefits a proxy for countrywide layoffs in the... More of this article »
Verizon FiOS Service Delayed In Many NYC Neighborhoods (NYSE:VZ)
In 2008, New York City came to an agreement with Verizon for the company to offer its high-speed FiOS Internet service throughout the city. Under the agreement, Verizon would lay enough fiber-optic cable for FiOS to pass all three... More of this article »
China Lowers Interest Rates and Reserve Ratio
The central bank of China cut its interest rates as well as lowered the amount of reserves that banks are required to hold. This was the second time in the past two months the central bank has done this. The hope of the bank was to... More of this article »
Boy Born Without Ears Receives New Pair in Surgery
For most of the kids, the first day of school is to show off their new clothes and explain to their friends what they did during the summer. However, for Eli Bell an 8-year old, it was about showing of a new pair of ears. Aaron his... More of this article »
Canadian Inflation Measure Up 1.3% during July
Annual inflation in Canada increased at a faster rate in July due to high costs for items than were imported like cars and food that offset the lower prices of gasoline and energy. The all-items consumer price index for Canada was... More of this article »
Trimming Expenses Led To Stronger Earnings For Target (NYSE:TGT)
Intensive cost cutting lifted Target’s bottom line in the most recent quarter. For the second quarter of its fiscal year, Target reported adjusted earnings of $1.22 a share. This was considerably higher than analysts’ estimates... More of this article »
American Eagle Sees Growth in Comparable Store Sales
American Eagle Outfitters the retailer for teen apparel reported its best growth in comparable sales in the past 13 quarters helped by a broader range of merchandise and less discounts. American Eagle, unlike its rivals Abercrombie... More of this article »
Jason Day’s Failures Prepared Him for Winning the PGA Championship
Australian Jason Day believes that the previous near misses on the golf course prepared him to keep his nerves in check so he could win Sunday’s PGA Championship at Whistling Straits in Kohler, Wisconsin. The 27-year old had finished... More of this article »
North Dakota Oil Production Holding Its Own
North Dakota is doing well as far as oil producing is concerned, despite the huge drop in the price of oil and predictions the shale boom in the U.S. was soon fade. The Department of Mineral Resources in North Dakota released a new... More of this article »
General Mills Partnering With Brewery to Make HefeWheaties
General Mills will partner with Fulton a microbrewery in Minneapolis to launch a limited edition, wheat, German-styled beer HefeWheaties that will look to capitalize the iconic brand of the food giant. Wheaties are not ingredients... More of this article »
Losses May By Eminent For American Apparel Investors (NYSEMKT:APP)
Investors in American Apparel are watching nervously to see if the troubles at the company will result in them losing their investment. The retailer recently announced that it does not have the funds to continue operations next year.... More of this article »
Burger King Joins Trend Toward Spicy With Fiery Chicken Fries
Burger chain Burger King hopes some heat helps it finish off its summer with some strong sales. After chicken fries played a big part in boosting sales of same-stores by 6.7% during the second quarter, Burger King will introduce a... More of this article »
Netflix Extends Maternity and Paternity Leave to One Year
Netflix announced last week that it was changing it leave policy for maternity/paternity to give new parents as much time off, which is paid, as they need in the first year following the birth of their baby or when they receive one... More of this article »
Hershey Posts Flat Sales for the Quarter, Forecast Cut
Hershey Co the chocolate maker reported sales that were flat for the quarter for just the first time in over five years, as its volumes dropped in North American due to hikes in price and demand was weaker across China. The maker of... More of this article »
Disney Fails To Meet Expectations For 3Q (NYSE:DIS)
Walt Disney Co. saw its shares fall after the company failed to meet expectations on earnings for the third quarter. In its fiscal third quarter, revenue for the company totaled $13.1 billion, below analysts’ estimates of $13.22... More of this article »
Time Warner Keeps Profit Forecast for Full Year
Time Warner Inc was down over 4.1% as the huge media company kept its profit forecast for the full year unchanged following an earnings report that topped estimates of analysts by a hefty margin during the last quarter. Maintaining... More of this article »
Noble Energy Beats on Profit as Production Increases
Gas and oil producer Noble Energy Inc reported a profit for the quarter that was better than had been expected as higher production was able to offset the huge impact of a drop in the price of crude. Noble announced on Monday that... More of this article »