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Tony Stewart Kills Dirt Track Driver
Tony Stewart a NASCAR driver struck and killed another driver that had been walking on the track during a race on a dirt track in New York, said authorities on Sunday. The incident took place on Saturday night at the Canandaigua Motorsports... More of this article »
WHO Declares Global Health Emergency over Ebola Outbreak
The outbreak of Ebola in West Africa is now a public health emergency internationally, said the World Health Organization. The WHO said the emergency needs a worldwide extraordinary response to bring a stop to the disease so it cannot... More of this article »
Nearly 10% of Survivors of Cancer Still Smoke
Close to 1 out of every 10 survivors of cancer report smoking years after being diagnosed, indicates a new study done by the American Cancer Society. Researchers reviewed data on 2,940 patients 9 years after being diagnosed. More than... More of this article »
Michael Kors Profit and Revenue Soar
Revenue and profit at Michael Kors surged during the first quarter, boosted by higher sales across all regions and consolidating the domination of the brand in the luxury market. Revenue was up by a whopping 43% for the quarter to... More of this article »
Crash by Facebook Prompts 911 Calls
In California, law enforcements said calls were made for assistance in getting the largest social network in the world up and running. The Friday outage was the second service crash globally in the last two months The rather short... More of this article »
AB InBev Helped by Beer Sales During World Cup
A beer drinking surge during the month long World Cup in June and July boosted Anheuser-Busch InBev NV profits in the recently ended quarter. This has left the beer maker optimistic about sales in the future after showcasing its different... More of this article »
Reynolds American Posts Higher Profit
Reynolds American Inc announced that its profit from the second quarter climbed by 6.7% on higher moist-snuff and cigarette pricing that helped offset lower volumes of cigarette sales. Reynolds, like its peers, has struggled over recent... More of this article »
Rule of ObamaCare Returning $9 Billion to Consumers
Sylvia Burwell the Secretary of Health and Human Services announced this past week that consumers have saved more than $9 billion on premiums for health insurance since 2011 thanks to the Affordable Care Act. The 80-20 rule, which... More of this article »
Flonase Approved by FDA for OTC Use in U.S.
GlaxoSmithKline announced on Friday that the U.S. Food and Drug Administration has approved its over the counter allergy medication Flonase Allergy Relief, that gives temporary relief of upper respiratory allergies or hay fever symptoms. The... More of this article »
Profit at Boeing Up with Strong Performance
With an increase in deliveries of commercial planes, Boeing has reported a rise of 1% in revenue on Wednesday for its second quarter. The company also enjoyed an increase of 52% in net earnings in comparison with the same period one... More of this article »
Hasbro Sees Sales Spike, But Profit Not Lifted
Hasbro the toymaker, the company that is behind Play-Doh, Nerf products and Monopoly, reported on Monday that during its fiscal second quarter for 2014, it turned around its boys segment that had struggled because of its Transformers... More of this article »
June Unemployment Rates Dropped in Nearly Half the States
With the Great Recession five years behind us, the latest report on joblessness and employment at the state level shows just how far the recovery in the economy has come and how far of a road, it still must go. The District of Columbia... More of this article »
PayPal Helps Fuel More Revenue at eBay
EBay Inc has posted an increase of 13% in its quarterly revenue as results that were better than expected from its PayPal division that is fast growing, helped the retailer overcome an increase in competition from Amazon.com as well... More of this article »
New Streaming Video Service from Lionsgate in China
Lionsgate the content firm that is global launched a streaming service that is by subscription called Lionsgate Entertainment World or LGEW, for the China mainland. The service features access to leading series from television and... More of this article »
Brain Eating Amoeba Infection Kills Girl
A Kansas girls who was just 9 years old, died after contracting a deadly infection from a brain-eating amoeba, said Kansas health department officials. The Department of Health in Kansas said a 9-year old girl likely contracted the... More of this article »
Antibiotics Listed as Last Resort Now in Jeopardy
The total number of antibiotics doses that were sold in pharmacies and clinics worldwide increased by 36% between 2000 and 2010, reported scientists on Wednesday. The new finding comes from a first of a kind study to look at the consumption... More of this article »
Walmart Smaller Stores Could be Answer to Growth Problems
Only weeks after being named the new CEO of the largest retailer in the world, Doug McMillion held a meeting at Walmart with his top management and told them to read The Everything Store a book written by Jeff Bezos the founder of... More of this article »
Bristol-Myers Squibb Treatment for Hepatitis C Approved
Japan approved the all-oral Sunvepra and Daklinzadual regimen from Bristol-Myers Squibb to treat those with hepatitis C, said the company on Monday. The combo-treatment, which is ribavirin- and interferon-free is the latest options... More of this article »
Taxi Companies in Maryland Sue Uber
Over 30 taxi companies in Maryland filed suit against Uber the ride sharing company that is growing in popularity. The suit was filed on Thursday and alleges violations of anti-trust laws and demands damages of an unspecified amount... More of this article »
Klinsmann’s Young Players Showed They Belong
The U.S. was knocked out of the World Cup on Tuesday by Belgium 2-1 in extra time. However, there were plenty of signs that good things are on the horizon for the Americans. Veteran goalkeeper Tim Howard made 16 saves, some of them... More of this article »
Inhaled Medication for Diabetes Approved By FDA
People who have type 1 or 2 diabetes will now have another means of taking their medication. The U.S. Food and Drug Administration approved on Friday the first inhaled treatment for diabetes. Afreeza, the new drug, is a treatment option... More of this article »
Judge Charges Vice President of Argentina with Bribery
A judge in Argentina has charged Amado Boudou the Vice President with bribery as well as conducting business that is incompatible with holding public office, due to the acquisition of a company that prints the currency in the country... More of this article »
Bacteria Test Failed by 10% of U.S. Beaches
Take heed swimmers 10% of the water samples from lake and coastal beaches in the U.S. failed to meet the safety standards that were set by the United States Environmental Protection Agency, said a new report. One expert said there... More of this article »
Brazilian Family Has Extra Fingers
Brazil has won five World Cup titles, but for one family of Brazilians the five is one short. Fourteen Da Silva family members were born with six fingers on both hands and six toes on both feet due to a rare genetic condition known... More of this article »
Founder of American Apparel Ousted For Posting Nude Photos
Dov Charney, the CEO and founder of American Apparel was fired this past week due to a company investigation done internally that found he misused company monies and allowed an employee to post photographs of a former female worker... More of this article »
Sales and Profit at Oracle Miss Estimates
Sales and profit at Oracle Corp. ended short of estimates by analysts for its fiscal fourth quarter, as competitors such as Salesforce.com and other rivals in cloud computing lure away customers. Profit prior to certain types of costs... More of this article »
Tony Gwynn Dies of Cancer Aged 54
Tony Gwynn the former All-Star in Major League Baseball and a member of the Hall of Fame has died at the age of 54. Gwynn spent each of his 20 years in the majors with the San Diego Padres of the National League. Gwynn was on medical... More of this article »
P.F. Chang’s Credit Card Breach is Confirmed
On Friday, the P.F. Chang’s China Bistro announced that they had suffered a breach that involved data from the debit and credit cards of customers that were used in its restaurants. This confirmed a report earlier in the week. After... More of this article »
Priceline to Acquire OpenTable
Priceline has agreed to buy OpenTable the online reservation company for restaurants for over $2.6 billion. Priceline, the online travel business should be helped by branching out into a new segment of business. Darren Huston the President... More of this article »
Cheese Makers Fear Wood Crackdown
For artisan cheese makers aging their cheese on boards made of wood is commonplace in both the U.S. and overseas. However, now some members of the industry have become worried that regulators might crack down on the practice. The U.S.... More of this article »
Tyson Foods is Winner of Hillshire Battle
Tyson Foods won the battle to purchase Hillshire Brands Co by offering close to $1 billion more than Pilgrim’s Pride its rival. The offer by Tyson is equal to $63 per share and is all cash, which values Hillshire at $7.7 billion. Pilgrim’s... More of this article »
S&P Moves Ireland Up a Notch
On Friday, Standard & Poor’s said it had upgraded the government bonds of Ireland by a notch to an A-minus rating, saying the country was making positive progress in recovering from its banking and debt crisis of six years. This... More of this article »
Increasing Adoption of WhatsApp in the U.S. Challenging
Brian Action the co-founder of WhatsApp said that is remains a challenge for the company to increase the use of its messaging service in the U.S. as well as in some other markets. However, the company will still be able to create significant... More of this article »
U.S. Has Stopped Major Extortion and Hacking Ring
An international operation led by the U.S. put to an end a crime ring that had infected many hundreds of thousands of PCs across the globe with a malicious software that is used to steal banking information and to extort the owner... More of this article »
Eating White Bread is Reason for Increased Obesity
The consumption of white bread in daily meals was identified as a big reason for high obesity rates that have earlier been reported in a study that was funded by the Bill and Melinda Gates foundation. The new research through Spain’s... More of this article »
Ballmer to Acquire Clippers for $2 Billion
Former CEO of Microsoft Steve Ballmer has reached an agreement to purchase the NBA Los Angeles Clippers for the price of $2 billion. Ballmer reached the agreement with Sterling Family Trust, said Shelly Sterling. It is still uncertain... More of this article »
China Clamping Down on Apps for Instant Messaging
China has started a crackdown of one month on illegal content making the rounds on local services offering instant messaging. The most recent crackdown was announced on Tuesday and comes following a terrorist attack in the Xinjiang... More of this article »
Sources: Samsung Will Launch Smart Watch with Phone
According to insider reports, Samsung Electronics the South Korea based electronics giant is currently developing a smart watch that will not have to be linked to a telephone to be used. That would in turn make the new device the only... More of this article »
Tiffany Tops Estimates Due to Higher Prices
Tiffany & Co. the second largest retail luxury jeweler in the world posted a profit for the first quarter that was higher than estimates from Wall Street analysts. The company also increased its forecast for 2014, as increases... More of this article »
Study Gives Hint on How Heart Protected by Mediterranean Diet
Multiple studies have shown that a diet that is Mediterranean style, which is rich in nuts, vegetables, fruits and fish seems to lower the risk of contracting heart problems. Now a recent study involving mice hints at the reason why. The... More of this article »
Measles Virus Used in Treatment of Cancer
A hematologist from the Mayo Clinic says an experiment has had promising results. Cancer researchers said they were excited about someday treating cancer of the bone marrow by using the measles virus that seems a good match for the... More of this article »
Pinterest Raises Over $200 Million
Pinterest was able to raise new capital in the amount of $200 million the company announced on Thursday. The recent capital brings the valuation of the company up to over $5 billion, which makes it one of the most valuable startups... More of this article »
Sony Drops to Loss of $1.3 Billion
Sony Corp lost $1.3 billion during its fiscal year after being hit by the costs from selling is business of personal computers. The company is forecasting continued losses as it attempts to execute a turnaround that has now been long-promised. The... More of this article »
Valeant’s Bid to Takeover Allergan is Rejected
Allergan Inc has rejected the unsolicited takeover bid from Valeant Pharmaceuticals International, saying the bid had substantially undervalued the Botox wrinkle treatment maker. The offer, which puts a value $45.7 billion for Allergan... More of this article »
New Implantable Device Treats Blood Pressure
In Germany, researchers have successfully developed a device that is implantable and able to reduce the users’ blood pressure significantly via electrical signals it sends to the brain. The device contains 24 electrodes that are... More of this article »
Toyota Expects Stalled Profits
Toyota Motor Crop has warned that its earnings might fall during the current fiscal year as the tailwind that boosted exports that the company and other carmakers in Japan received from the sharp depreciation of the yen over the past... More of this article »
Office Depot to Close 400 Stores in U.S.
Office Depot announced plans to close 400 or more stores in the U.S., as the company’s merger with OfficeMax has resulted in retail locations overlapping that can now be consolidated. The financial results for the combined company... More of this article »
Tech Firms Will Notify Users that Information is Subpoenaed
Microsoft Corp, Apple Inc and Google Inc have said they would notify their users whose information is request by the U.S. government. This move is pitting the private companies against officials in law enforcement from the federal... More of this article »