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FIFA Unraveling Even More
The FIFA front office will be a bit emptier for a while as Sepp Blatter the president and some of his lieutenants were suspended. On Thursday, at the world headquarters of the world’s most popular sport a number of top officials... More of this article »
August Trade Gap Widened in the U.S.
The trade deficit in the U.S. widened during August by its most in the last five months as imports started to pick up and weaker growth overseas limited sales to those abroad. The gap widened by 15.6% to over $48.3 billion from July’s... More of this article »
Oil Rebounds After Producers Lower Rig Counts
Crude oil rose in price after explorers in the U.S. reduced their rig counts to a low of five years, signaling further production drops. West Texas Intermediate futures bounced after news by Baker Hughes was released that said rigs... More of this article »
GM Projecting Record Month as Ford Tops Estimates
Fiat Chrysler Automobiles kept its streak of monthly sales alive as its U.S. deliveries were up 14% during September powered by a 40% rise by Jeep. GM, Nissan, and Ford beat estimates, while Fiat Chrysler and GM projected a sales pace... More of this article »
Raytheon Wins Cybersecurity Contract for $1 Billion
The Homeland Security Department awarded a huge contract for cybersecurity to Raytheon that is worth over $1 billion. Homeland Security hopes this will help to shore up the defenses of the federal government against the ongoing onslaught... More of this article »
Google Uses Android Allegedly to Stifle Its Competition
Google’s dominance is possibly reaching alarming proportions, which is why the Federal Trade Commission in the U.S. might have to step in to ensure other app developers received enough exposure to users of Androids. The investigation... More of this article »
Golden Road Brewing Acquired by Anheuser-Busch InBev
The largest Los Angeles craft brewery, Golden Road Brewing is being purchased by Anheuser-Busch InBev the beer giant. The news of the acquisition first broke on Wednesday morning as many from the craft beer industry from around the... More of this article »
Darden Raises Its Guidance on Revenue Increase
Darden Restaurants Inc announced that sales had grown faster than were expected during its most recent quarter as the turnaround of the Olive Garden brands started to gain traction. Olive Garden was helped by its customized lunch options,... More of this article »
Brains Tested of Former Players in the NFL Continue Trend of CTE
Researchers who are researching a degenerative form of disease in ex-NFL athletes say that 11 of the 12 brains of dead former players that were tested during the last year had showed signs of the development of chronic traumatic encephalopathy... More of this article »
China Asking Tech Firms to Sign New Controversial Pledge
U.S. tech companies are being pressured by China to agree to many measures that could ultimately force them to hand over their user data to the central government. According to a report in the New York Times, a government agency in... More of this article »
Steep Drop in Output of Autos Lowers Production in Factories
Automakers in the U.S. cut back on production sharply in August, lowering the overall output in factories and highlighting a weak spot in the economy a day prior to a key meeting of the Federal Reserve. Manufacturing production has... More of this article »
Compound in Red Wine Helps Slow Progress of Alzheimer’s
A small study found that the compound in red wine called resveratrol, which is also found in dark chocolate and red grapes, might help to slow down the progress of Alzheimer’s disease. Researchers from Georgetown University saw that... More of this article »
Cuba Releasing 3,500 Prisoners Prior to Pope Arriving
Cuba announced that it would release over 3,500 prisoners in a gesture of goodwill ahead of a Pope Francis visit. The Caribbean island government in the capital of Havana said those who will be freed include inmates due for conditional... More of this article »
McDonald’s: Cage Free Eggs Within Ten Years
McDonald’s is making changes again. The burger chain announced it would be switching to all cage-free eggs within the next decade. According to the United States Department of Agriculture, cage free eggs are from birds that can... More of this article »
Sales Dip for GM during August in China
General Motors Co reported on Monday its largest drop in sales for China in the past five months during August as many global automakers are struggling with a deepening slowdown in the economy and dropping equities in the largest auto... More of this article »
Brain Stimulation Could Ease Motion Sickness Symptoms
A team from Imperial College London said that early trials using 20 people suggested the method of using electricity stimulation of the brain could ease motion sickness symptoms similar to the effect that drugs have but without any... More of this article »
Haggen Suing Albertsons Following Their Merger
Haggen has filed a lawsuit on September 1 that seeks over $1 billion in damages from the supermarket chain Albertsons. The complaint claims that Albertsons made systematic and coordinated efforts to eliminate competition and Haggen... More of this article »
Unemployment in Germany Drops While Manufacturing Gains Momentum
German unemployment dropped during August, while manufacturing increased momentum, signaling that the largest economy in Europe would maintain growth. Joblessness fell by 7,000 on a seasonally adjusted rate to 2.79 million said the... More of this article »
Alnylam New Drug Might Threaten Regeneron, Amgen and Sanofi
An experimental drug made by Alnylam Pharmaceuticals and Medicines Co, was able to cut the bad LDL cholesterol levels amongst patients in a small scale trial by almost as much as the new treatments offered by Amgen Inc, Regeneron Pharmaceuticals... More of this article »
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 »
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 »
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 »
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 »
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 »
Bank in Colorado Suing Fed Over Marijuana
A bank in Colorado sued the U.S. Federal Reserve, as the federal agency did not give permission to the bank to provide financial services to businesses that are dealing in marijuana. Denver’s Fourth Corner Credit Union filed its... More of this article »
Whole Foods Hit by Bad Press on Overcharging
Shares at Whole Foods tumbled on Thursday after the grocer posted bad news in its earnings report for the quarter. The company announced soft sales growth in comparable stores, admitting that bad press that surrounded a recent scandal... More of this article »
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 »
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 »
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 »
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 »
Profit at General Mills Cut in Half by Impairment Charge
General Mills Inc, which makes Betty Crocker brownie and cake mixes and Cheerios cereal, said profit for the fourth quarter halved due to recording a charge of $260 million to write down its value of one of its canned and frozen vegetable... More of this article »