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US Unemployment Benefit Applications Drop Last Week
The number of Americans who applied for jobless benefits dropped 22,000 last week to a seasonally adjusted 344,000. It is an indicator that the job market improved. The four week average of unemployment benefits declined 6,750 to 355,000... More of this article »
Wal-Mart (NYSE: WMT) Struggles With Inventory Replenishment
Wal-Mart (NYSE: WMT) faces a problem few retailers do – their products sell out so quickly, restocking the shelves in a timely manner is hampering sales. Wal-Mart was once regarded as the king of logistics, a pioneer... More of this article »
Will Macy’s (NYSE: M), JC Penney (NYSE: JCP), Kohls (NYSE: KSS), and Sears (NASD: SHLD) Turn it Around?
The retail sector is suffering, as evidenced by the poor shopper turnout in the fourth quarter holiday season. As shoppers continue to hoard cash and avoid the malls, sales and profits at firms like JC Penney (NYSE: JCP), Sears (NASD:... More of this article »
J.C. Penney (NYSE: JCP) Results Disappoint
J.C. Penney (NYSE: JCP) is either on the brink of an epic turnaround, or might very well be facing it’s final days. The retailer has struggled to reinvent itself under Chief Executive Rob Johnson. Johnson, the former Apple executive... More of this article »
Shares of Groupon Drop on Earnings Report
Groupon saw it share price drop almost 26% in afterhours trading on Wednesday. This followed the announced by the company of a loss for the most recent quarter that was wider than had been expected. The company also forecasted weaker... More of this article »
Merck (NYSE: MRK) Announces Dividend
Pharmaceutical maker Merck (NYSE: MRK) has declared its inaugural quarterly dividend of 2013, keeping it in line with its previous payout. For its Q2, the company is to hand out $0.43 per share of its common stock on April 5 to shareholders... More of this article »
Intel (NASD: INTC) Targets Investment in Brazil
Chipmaker Intel (NASD: INTC) has announced plans to invest $152 million in Brazil over the next five years in research and development, the chip manufacturer said on Wednesday.The investment in Brazil is a strategic initiative for... More of this article »
Apple (NASD: AAPL) Annual Meeting Reveals Few Surprises – Besides Allusion to Television
Apple (NASD: AAPL) fans are in unfamiliar territory, watching the stock price fall, while innovation seems to have stalled at the firm. While the sea may seem calm for now, Chief Executive Officer Tim Cook has promised more breakthrough... More of this article »
Google (NASD: GOOG) Faces EU Privacy Concerns
Internet search giant Google (NASD: GOOG) has some explaining to do on the issue of privacy. Regulators around the world have been uncomfortable with some of the firm’s practices for years, and the latest in the ongoing saga comes... More of this article »
Apple (NASD: AAPL) Falling Share Price in Focus for CEO Cook
Apple (NASD: AAPL), which has largely been given a rubber stamp of approval on everything it has done for the past decade, has been faltering in recent months. Consumers seem to be growing wary of minor modifications on existing products,... More of this article »
General Motors (NYSE: GM) Targets Growth for Volt
General Motors (NYSE: GM) likes what it sees when it comes to the growing demand for the hybrid Chevy Volt. In 2013, the firm is planning to build 36,000 of the plug in hybrids, nearly 20% growth over 2012. The Detroit based auto giant... More of this article »
Wal-Mart (NYSE: WMT) Facing More Gender Bias Lawsuits
Wal-Mart (NYSE: WMT) has been sued by five Wisconsin, claiming the company has denied them and other female employees equal pay and equal opportunities. The lawsuit, alleging unfair pay practices contingent on gender, is the latest... More of this article »
Zynga to Slash Workforce by 1%
Zynga announced it is slashing around 1 percent of its workforce as the social gaming company closed its Baltimore office and merges others to cut expenses. Several dozen workers will be affected by the move. Zynga said that its Baltimore... More of this article »
US Business Executives to Visit Myanmar to Find Investment Opportunities
50 business executives from the United States are scheduled to fly to Myanmar next week to find trade and investment opportunities. The country has eased sanctions against the resource-rich nation according to the US Chamber of Commerce. Tami... More of this article »
US Unemployment Benefits Rise, Return to Levels before the Holiday Season
Applications for jobless claims in the United States increased for the first time in three weeks. It returned to levels before the holiday season and showed little change in the rate of firings. Unemployment benefits went up by 20,000... More of this article »
Quarterly Report Gives HP Stock a Boost
The quarterly revenue and profit at Hewlett-Packard continued its familiar trajectory downward on Thursday, but the earnings report sent the company stock in the opposite direction: up. The net income for the tech company based in... More of this article »
Transocean Gets Approval for $1 Billion Settlement
Transocean Ltd. received the approval from the court for its $1 billion settlement with the United States in connection to the pollution claims from the 2010 Gulf of Mexico oil-rig explosion that caused the largest offshore spill in... More of this article »
Nestle Issues Recall Order after Discovery of Horse Meat DNA
Food giant Nestle has stopped the deliveries of all its products that have beef from a German supplier because of traces of horse DNA in the meat. This is according to the web site of the Swiss-based food company. Nestle also announced... More of this article »
Two Office Supply Giants Negotiating Merger
Office Depot, Inc is in merger talks with OfficeMax said people who are close to the situation. The two paper, pen and other office accessories retailers are trying to find a way to fend off the tough competition that rivals such as... More of this article »
Maker’s Mark to Restore Alcohol Content
Maker’s Mark announce that it would reduce the alcohol content of its whisky by 3 percent in order to keep up with the demand but its customers were unhappy with the change. Thousands of drinkers complained about the change and the... More of this article »
Build A Website With RealGeeks
Like any industry today, it is important for those involved in the real estate market to keep their marketing efforts up to date with the latest technology and methods. This is why having a website with great functionality and an attractive... More of this article »
US Small Businesses have Difficulty in Hiring Qualified Employees
The economy is slow and the unemployment rate is high but according to a report, 53 percent of US small-business owners said they find it difficult to find qualified employees they need. This was according to the Wells Fargo/Gallup... More of this article »
Nvidia 1st Quarter Sales Estimates Lower than Analyst Forecast
Nvidia gave its forecast for the fiscal first quarter sales that was below the estimates made by analysts due to the low demand for personal computer parts and stiff competition in new markets. Sales in the period ending in April will... More of this article »
Substandard and Fake Drugs need to be Eradicated
The Institute of Medicine announced on Wednesday that the fight against fake drugs would need a chain of custody to be put in place for medications like those that the courts in the U.S. require for any evidence used at a trial. The... More of this article »
Coca-Cola Reports Increase in Profit in 4th Quarter
Coca-Cola reported that its profits increased modestly in the fourth quarter. It benefitted by the growth in emerging markets. Its net income was $1.9 billion, which is 41 cents per share, compared to $1.8 billion, 39 cents per share,... More of this article »
Fed Official Says Fixing Job Market Could Take Several Years
The Federal Reserve has prioritized improving the job market but a high ranking official said that the task could take several years. Janet Yellen, who is the vice chairwoman of the Federal Reserve Board and number two in command to... More of this article »
Home Depot Changes From Blackberry to iPhone
Canadian smartphone maker Blackberry, which is currently changing its legal name from Research In Motion, received bad news from Home Depot on Monday. The huge U.S. home improvement retailer announced it would replace Blackberry smartphones... More of this article »
Boeing Takes Dreamliner on First Test Flight
Boeing has taken its first test flight of its 787 Dreamliner since problems connected to the lithium-ion batteries found aboard two planes grounded the fleet of new planes a month ago. The company didn’t issue any results from the... More of this article »
AMR and US Airways Close to a Deal
The boards of US Airways and American Airlines parent AMR Corp. are said to be close to a deal to merge the companies and create an airline that would be one of the world’s largest. The AMR board is set to meet Monday and the directors... More of this article »
Retailers Report Strong Sales in January
Americans went out and shopped the winter clearance racks in January that resulted in strong sales for retailers. Spending is expected to slow as the deals dry up and American consumers begin to feel the increasing gas prices as well... More of this article »
Another Loss By Tokyo-based Sony
Sony Corp, the Tokyo based electronics firm announced on Thursday that it had a loss for the latest quarter, which underscored the deep problems the company is facing. The report on earnings deflated the recent optimism that was reflected... More of this article »
Post Office Plans to End Saturday Delivery
The US Postal Service proposed to stop Saturday mail delivery as part of its battle for fiscal viability. Postmaster General Patrick Donahoe said package delivery will continue on Saturdays when the plan is implemented in August. Package... More of this article »
Zynga Announces 4th Quarter Profits
Zynga surprised analysts when it announced its fourth quarter earnings and sales that topped Wall Street forecasts. According to a poll of analysts made by Thomson Reuters, they estimated a loss of 3 cents per share and $212 million... More of this article »
Zoetis IPO Gets Biggest Gains since Facebook
Zoetis Inc. is a spinoff from Pfizer Inc. Its IPO was a hot among investors Friday as its shares increased 20 percent from the initial price of $26. The company is a maker of animal health products. Its shares ended the day up $5.01... More of this article »
Amazon (NASD: AMZN) Rises While Apple (NASD: AAPL), Facebook (NASD: FB) Fall
Despite solid earnings results across the tech industry, shares in Facebook (NASD: FB) and Apple (NASD: AAPL) are down – yet Amazon (NASD: AMZN) is up. Amazon Chief Executive Jeff Bezos has long been an anomaly in terms of tech strategy... More of this article »
Wal-Mart (NYSE: WMT) Expanding Presence in Grocery Market
The grocery industry is changing, and one of the largest benefactors of that is discount retail giant Wal-Mart (NYSE: WMT) as they are expanding rapidly in the space. Wal-Mart has successfully capitalized on its reach, pitching groceries... More of this article »
Dow Chemicals Beat Expectations, but Earnings Fall
Dow Chemical has reported a drop in earnings of 25% for 2012, as it was hit by the world economy’s slowdown during the last six months of the year. However, the company still exceeded expectations of analysts during the fourth quarter. Net... More of this article »
Research in Motion (NASD: RIMM) Rising From the Ashes
Blackberry maker Research in Motion (NASD: RIMM) was widely speculated to be on the brink of bankruptcy just months ago. Market observers were writing their obituary, ascribing the once great firm to failure, after losing market share... More of this article »
General Motors (NYSE: GM) Announces US Investment Plans
When the US auto industry contracted following the 2008 financial crisis, the Detroit economy was shook to its core. Rising unemployment rates and vacancy rates in and around the Paris of the Midwest sent shockwaves through the local... More of this article »
Ford Motor Company (NYSE: F) Beats Expectations, But Stock Sinks on International Sales Concerns
It began as a mixed day for the Ford Motor Company (NYSE: F). Although the firm managed to handily beat the fourth quarter earnings expectations by disclosing results earlier today, their glum outlook for 2013 caused investors to retreat.... More of this article »
Dell (NASD: DELL) Exploring Buyout Opportunities
Dell Inc. (NASD: DELL), the firm responsible for bringing low cost computers into homes around the world are on the verge of doing the unthinkable – going private. The computer giant has saw their share price sag, as consumers... More of this article »
Apple (NASD: AAPL) Needs A Game Changer
Tim Cook’s job as Chief Executive of Apple (NASD: AAPL) is growing increasingly difficult. The shadow of Steve Jobs remains looming over the firm, and the firm’s recent results suggest sales for existing products are leveling off.... More of this article »
Microsoft (NASD: MSFT) Launching Online Subscription Service for Office
Microsoft (NASD: MSFT) has, to date, avoided bringing its popular office suite to touch screen platforms. As consumer tastes are rapidly changing, there is a growing expectation by users to have access to these programs on their mobile... More of this article »
Amazon (NASD: AMZN) Shares Soar on Earnings Results
Shares of online retail giant Amazon (NASD: AMZN) fell nearly 6% today in the run up to their earnings announcement, then soared almost 9% in the afterhours trading following better than expected results. The world’s largest... More of this article »
JC Penney (NYSE: JCP) Soars on Pricing Plan Reversal
Ron Johnson’s reign as Chief Executive Officer of retail giant JC Penney (NYSE: JCP) has been rife with criticism. Same store sales have plummeted, the stock has faltered, and many observers have openly questioned the viability of... More of this article »
Fourth Quarter Earnings for Ford Reach $1.7 Billion
Ford Motor reported its earnings for the fourth quarter, which was its highest for the fourth quarter in over a decade. The automaker reported earnings of $1.7 billion during the last three month of 2012, due in large part to an increase... More of this article »
Halburton Reports Earnings above Forecast in 4th Quarter
Haliburton’s overseas business gave the company the boost it needed to life its fourth quarter earnings above expectations. This underscored how the company struggled due to the glut of natural gas. Shares of the world’s second... More of this article »
Boeing Continues to Build 787 Dreamliners
Boeing is still building more 787 Dreamliners even if nobody is allowed to fly them. All 50 Boeing 787 Dreamliners across the globe are grounded pending the result of a federal probe on electrical fires. The company kept its assembly... More of this article »