Home » Business
Tesco Unveils New Tablet Hudl
In a place you might purchase tomatoes, tuna or tea you can now find a tablet. Tesco, the supermarket chain in Britain has unveiled its own tablet. The new tablet named the Hudl was released on Monday. Tesco is not releasing an inexpensive... More of this article »
Jobless Rates Remain or Fall in 32 States
15 states saw their jobless rates below the US rate of 7.3 percent in August. This was according to the report released by the government. North Dakota got the lowest jobless rate in the nation with 3 percent that was attributed to... More of this article »
New Program Launched by Sprint
Sprint has announced a new program that will give customers the opportunity to upgrade phones every year. Sprint is the last of four national wireless carriers that has targeted clients who want newer devices. One Up, Sprint’s new... More of this article »
Allegiant Declines Due to Canceled Flights
Allegiant Travel Co. dropped the most since July after it canceled 15 percent of its flights after the grounding of its Boeing Co. MD-80s to make sure that its emergency slides meet safety standards. The airline moved 16 of the canceled... More of this article »
Fed Surprises Wall Street with No Taper
Traders were caught by surprise by the Federal Reserve when the central bank made the announcement that it would not taper its stimulus program. Right after the announcement, the 10 year benchmark Treasury increased with buyers rushing... More of this article »
Shortages of iPhones in Europe Cause Frustration
The new Apple iPhones 5S and 5C debut today, but short supply of one of the phones in parts of Europe has left mobile carriers concerned and frustrated, said the BBC news network. A number of networks said the stock of the latest high-end... More of this article »
Starbucks Says Guns Unwelcome in Stores
Starbucks Corp. announced Wednesday that guns will not be welcomed in its cafes. This has brought the coffee chain giant deeper into the debate regarding weapons that has been difficult for retailers and other businesses. The request... More of this article »
Consumer Prices Increase in August
Consumer prices in the United States slightly increased in August. This was the latest indicator that slow economic growth has been keeping the inflation in check. The Labor Department said that the consumer price index went up 0.1... More of this article »
Blackberry Launches Z30, an Oversized Smartphone
Blackberry has put its fate in the Z30, a new smartphone with a 5-inch display, a bigger battery and stereo speakers. The new smartphone comes at a time when speculation is high over the sale of the company. On Wednesday, the Blackberry... More of this article »
Shopify with Challenge for Entrepreneurs
Shopify has announced a challenge for entrepreneurs called Build-A-Business competition. Shopify has helped business owners get their businesses online and improve their consumer experience. The company has powered more than 60,000... More of this article »
Intel to Lower Production Capacities
Intel, which is the world’s leading manufacturer of computer chips, is reported to be closing its factory in Massachusetts. It would cut up to 700 high-paying manufacturing jobs, which would be one of the biggest job cuts in the... More of this article »
Hilton Chain Expects to Raise $1.25 Billion in IPO
Blackstone Group is going to take Hilton Worldwide Holdings public in an initial public offering that is expected to earn up to $1.25 billion. This was according to a regulatory filing Thursday. Hilton owns and franchises a portfolio... More of this article »
Unemployment Claims drop to 292,000
Initial unemployment claims dropped to the lowest level in 7 years, but the Department of Labor said part of the reason were technical glitches experienced in states’ reporting, instead of improvement in the country’s labor market This... More of this article »
McDonald’s August Sale Increase Due to Higher Demand in Europe
McDonald’s Corp, the world’s biggest restaurant chain, reported its sales at stores open at least 13 months gained 1.9 percent last month. This was above the estimates made by analysts. The increase was attributed to the demand... More of this article »
Payrolls Climb Less than Predicted
Payrolls in the United States increased less than the estimate in August. The gains for the previous two months were revised down. These indicated that the expansion has struggled to gain momentum. 169,000 workers were added last month,... More of this article »
JP Morgan Chase to Stop Student Loans
Due to a large drop in private student loan originations, a spokesperson from JPMorgan Chase confirmed the bank decided to stop issuing any more student loans starting October 12. The spokesperson for JPMorgan said that in the past... More of this article »
Ford Competes with Tech Companies in Finding New Workers
Ford Motor announced that it will hire 3,000 more white-collar workers in 2013 in order to meet with the increasing demand for its vehicles. The company said that it improved this year’s hiring target by 36 percent from around six... More of this article »
Campbell Soup and Green Mountain Coffee Enter Agreement
Green Mountain Coffee Roaster and Campbell Soup Company announced on Thursday an agreement had been reached to bring Campbell’s the No. 1 soup brand in the U.S. together with Keurig, the No. 1 brewer brand of coffee in the U.S. by... More of this article »
Lenovo CEO Shares Another Bonus with Employees
Yang Yuanqing, the CEO of Lenovo Group Ltd., the largest PC maker in the world, said he would share a minimum of $3 million of his personal bonus with his employees. This is the second consecutive year he has done this. Yuanqing received... More of this article »
Top Executives at HTC Arrested
Three design executives at HTC have been arrested for allegedly leaking company trade secrets. This has sent the Taiwan-based smartphone maker’s stock tumbling downward Monday as troubles deepen amidst a wave of departures from senior... More of this article »
Small Businesses Experience Optimism
Small business optimism increased in July and August, which reached the highest level since the beginning of the recession. This was according to several surveys. The Gallup reported an optimistic reading with regards to capital spending... More of this article »
I.B.M. Profit Surpasses Wall Street Expectations (NYSE: IBM)
I.B.M. has reported that its second-quarter operating earnings are higher than what Wall Street estimated for the quarter. However, revenue was down 3 percent, which fell below analysts’ forecasts. Net income for the company fell... More of this article »
Krispy Kreme Stock Falls on Earnings Report
Winston-Salem, North Carolina based Krispy Kreme Doughnuts has left its investors with a bad taste in their mouths. The doughnut company’s shares dropped sharply on Friday after the release of its fiscal second quarter earnings were... More of this article »
Verizon Wants to Buyout Vodafone in Wireless Unit
Vodafone confirmed that it is in talks to sell to Verizon Communications its 45 percent stake in Verizon Wireless. Analysts said that the deal could be worth around $125 billion. Verizon has been trying to buy the stakes. It could... More of this article »
Joy Global Hits Lowest Level in a Month
Joy Global, which is the biggest manufacturer of underground mining equipment, dropped to its lowest price in a month after it announced that it anticipates a decline in sales for the rest of the year as demand for large shovels and... More of this article »
DHS Bulletin Warns of Malware Aimed At Google’s (NASD: GOOG) Android Operating System
With success comes emulation, that’s how the old saying goes. Well, in the tech market, especially in operating systems, success breeds people trying to find loopholes in the system. Google’s Android operating system is the most... More of this article »
Nintendo (OTC: NTDOY) Launching a New Device, And Price Cuts Coming for Wii U
Nintendo (OTC: NTDOY) has been struggling to complete in the gaming technology market as of late. As more and more tablet users are flocking to apps, while hard core gamers are embracing PlayStation and X-Box systems, Nintendo has... More of this article »
Apple (NASD: AAPL) Acquisitions May Load Functionality For Future iPhones
Apple (NASD: AAPL) has always had an appetite for acquisitions. The acquisitions made by the firm historically have been aimed and bringing in a specific group of people, or a specific technology that they could embed in their organization... More of this article »
Facebook (NASD: FB) Making Progress in Mobile Advertising
Facebook (NASD: FB) has had a good year in nearly every measure. While many investors worried if the tech firm would ever be able to monetize it’s operation or succeed in the increasing mobile use of the user base, the firm has quickly... More of this article »
Amazon (NASD: AMZN) Fighting Internet Sales Tax
The lack of sales tax on internet purchases has been a major boon to the e-commerce industry, and with falling and free shipping costs, consumers have quickly grown accustomed to this. Recent laws though put this at risk, and that... More of this article »
Consumer Confidence Improves in August
Consumer confidence improved this month as Americans became more optimistic about employment opportunities as well as the outlook for the economy. The Conference Board’s index of sentiment went up to 81.5 from the revised 81 the... More of this article »
Best Buy (NYSE: BBY) Founder To Sell Shares
Just a year ago, electronic retail giant Best Buy (NYSE: BBY) appeared headed to a major change, going private and trimming down. Well, what a difference a year makes. Richard Schulze, the founder and a major shareholder of the firm... More of this article »
Samsung (OTC: SSNLF) Taking the Tablet Battle To The Playground
Tablet computers are all the rage, as we all know. The market segment created by Apple (NASD: AAPL) and the iPad is taking away laptop and desktop sales, and consumers are flocking to the smaller more efficient app centric internet... More of this article »
High Profile Insider Sales At Facebook (NASD: FB)
Early last summer, the thought of a rally in Facebook (NASD: FB) stock seemed far-fetched. The stock price had famously fallen (quickly), and investors were starting to speculate if the company could ever produce the profits necessary... More of this article »
New CEO Coming To Microsoft (NASD: MSFT), But Who?
Succession planning is an issue that has plagued many organizations, especially when the standing Chief Executive Officer has been with the firm a long time and is a trusted, known entity. But, change is inevitable, and for software... More of this article »
Starbucks now in Whole Foods Stores
Starbucks is entering Whole Foods. The café company will not be opening new cafes inside Whole Foods, but will be selling its Evolution Fresh juice. Starbucks recently purchased the juice brand Evolution Fresh and they will now be... More of this article »
Best Buy (NYSE: BBY) Back From the Brink
Just a year ago, tech retail giant Best Buy (NYSE: BBY) was facing such battered prospects that many speculated if they’d even be in business today. Naysayers said they’ve turned into showrooms for Amazon (NASD: AMZN), and brick... More of this article »
New York Has Average Car Costs
According to a new report made by Bankrate.com, New York is around average when it comes to car costs. The Car Cost Index is based on the costs of repairs, taxes, gasoline, insurance and other fees. According to the study, New York... More of this article »
Would a Microsoft (NASD: MSFT) and Nokia (NYSE: NOK) Marriage Challenge Apple (NASD: AAPL) and Google (NASD: GOOG)?
The future of Microsoft (NASD: MSFT) may look very different from it’s past. The tech giant which once sold Windows operating systems and Office software programs may be embracing a change in strategy, after seeing their bread and... More of this article »
E-Bay (NASD: EBAY) Facing Competition from Apple (NASD: AAPL), and Google (NASD: GOOG) For Paypal
The market for online payment has been dominated by E-Bay’s (NASD: EBAY) Paypal product for much of recent history, though that soon may change if Google (NASD: GOOG) has anything to say about it. The market for mobile payment transactions... More of this article »
Will Apple’s (NASD: AAPL) Rumored iPhone 5C Challenge Google (NASD: GOOG)?
Apple (NASD: AAPL) has a long history of selling premium products at premium prices. While these goods offered an aspirational purchase to many consumers, they were also out of reach for many, and their costs were prohibitively expensive... More of this article »
Target (NYSE: TGT) Posts Mixed Results
The Minneapolis based retail giant Target (NYSE: TGT) announced second quarter adjusted earnings per share of $1.19 last week, and the results are somewhat mixed in positive and negative signs. The results were at the top of the expected... More of this article »
Amgen to Acquire Onyx
Amgen is said to be close to signing a deal to acquire Onyx Pharmaceuticals Inc., which is a manufacturer of drugs to battle cancer. This is according to people who know about subject. They said that the deal is worth around $10.5... More of this article »
Barnes & Noble Falls 12% due to Poor Earnings Report
Barnes & Noble shares dropped Tuesday after the bookseller released its profits report that showed its retail revenue and sales of Nook e-reader declined in the second quarter. Investors reacted to news that founder and board chairman... More of this article »
Direct Selling Firms Faces Tough Time Ahead
Industry research company IBISWorld released its most recent report on direct selling companies. It indicated that businesses are expected to pick up as the economy and consumer spending recovers but it would not be the case for direct... More of this article »
JP Morgan in probe involving Chinese
Authorities in the U.S. are investigating JP Morgan the investment bank, over claims the bank hired the children of influential officials in China to earn more business. One claim by those involved in the case is the bank hired a son... More of this article »
US Consumer Less Optimistic in August
US consumers were worried about the higher interest rates and slower economic growth. These were the factors why they were less optimistic in August as consumer sentiment dropped from July’s six year high. This was according to the... More of this article »
Dow has worst week of 2013
On Friday, stocks were slightly lower at closing after a session that was up and down. Friday’s session followed the sharp declines experienced on Thursday and capped the Dow’s worst week of 2013. On Friday, the Dow was down 0.2%,... More of this article »