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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 »
IBM Reports Revenue Drop For 2Q (NYSE:IBM)
IBM’s overall profit and revenue declined in the second quarter of its fiscal year. IBM reported that its revenue fell 13 percent in the quarter. This was the 13th consecutive quarter of slipping revenue for the company. The second-quarter... 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 »
Microsoft Announces Another Round Of Layoffs (NASDAQ:MSFT)
Microsoft has announced that it would be undertaking another round of layoffs, cutting up to 7,800 jobs, mostly from the mobile phone business recently acquired from Nokia. Microsoft’s current chief executive, Satya Nadella, announced... 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 »
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 »
Macy’s Cuts Ties With Donald Trump After Controversy (NYSE:M)
Macy’s has decided that the company would no longer do business with Republican presidential candidate Donald Trump after he made controversial statements denigrating Mexicans and immigrants. Trump called Mexican immigrants rapists... 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 »
Pending Home Sales in U.S. Reach Nine Year High
This is the latest sign that the housing market will gain traction following a shaky start to this year. An indicator that is forward looking of home sales was up to its highest level for the past 9 years during May. On Monday, the... More of this article »
Match.com Operator and Tinder Being Spun Off
IAC or InterActiveCorps the media conglomerate announced Thursday that it was planning an initial public offering for Match Group its online dating business. The offering of shares newly issued would spin off the different variety... More of this article »
Whole Foods Accused Of Systemic Overcharging (NASDAQ:WFM)
Whole Foods Market is facing accusations from a New York City agency that the company has been systemically overcharging its customers for its goods. New York City’s Department of Consumer Affairs (DCA) reported that an ongoing investigation... More of this article »
Olive Garden: Sales Increase as Discounts and Gas Prices Fall
Olive Garden posted quarterly sales that increased by 3.4% at its established restaurants as customers spent more money at the Italian chain that has been struggling. Darden Restaurants, the parent company, has moved away from heavy... More of this article »
Altice the European Telecom Offers $11.4 Billion for Bouygues
Altice SA the telecommunications company based in Europe has offered approximately $11.4 billion to acquire Bouygues Telecom the mobile operator based in France. The deal could face some stiff hurdles from regulators in France, as... More of this article »
Shareholders at Office Depot Approve Deal with Staples
Shareholders with Office Depot overwhelmingly approved a proposal for competitor Staples to acquire the company, based in Boca Raton, Florida. The shareholders vote was in favor of the company’s acquisition during the annual meeting,... More of this article »
Starbucks Shuttering All La Boulange Bakery Locations (NASDAQ:SBUX)
Starbucks has announced that it would be closing all 23 of its La Boulange bakery locations over the next couple of months. The closures include 22 La Boulange retail outlets in San Francisco and one in Los Angeles. Starbucks is also... More of this article »
Colt Files Chapter 11 Bankruptcy, Seeks Quick Sale
Colt Defense LLC the iconic gun maker based in Connecticut filed late Sunday for chapter 11 bankruptcy protection, allowing for the quicker sale of its operation in Canada and the U.S. In the filing, the company estimated its assets... More of this article »
YouTube Launching Online Gamers Site and App
YouTube Gaming is to be a destination to find gaming videos, Internet personalities and live streams. YouTube wants to win over gamers. The video giant online announced its plans before the Electronic Entertainment Expo next week to... More of this article »
Luxury Goods Industry Facing Inequality and Resentment
Johann Rupert the Richemont chairman that owns Van Cleef & Arpels and Cartier gave the luxury goods industry a scare this week as he warned of the damage the industry is facing from the increasing inequality in wealth and the resentment... More of this article »
Lululemon Increases Revenue and Profit for Full Year
Lululemon Athletica Inc increased its revenue and profit forecast for the full year, the most recent sign the yogawear retailer based in Canada is recovering from turmoil caused by the recall of yoga pants that caused great embarrassment... More of this article »
Ajay Singh Investing More in SpiceJet Fleet
With the fortunes of India based SpiceJet moving up again, its main supporter and chairman Ajay Singh will look into putting more money into an expansion of the fleet, even as he is exploring a number of options for investment. Singh... More of this article »
Steam Machines Launched by Cyberpower and Alienware
The first two Steam Machines are now available for pre-order. Cyberpower and Alienware two makers of PCs have each announced they have new machine that will be sent to buyers during October. Both companies are offering the machine... More of this article »
Gannett Acquires Eleven News Organizations
Gannett Co, the largest newspaper business in the country announced on Monday that it had acquired 11 new organizations including the El Paso Times. The 11 are in Texas, Pennsylvania and New Mexico. In this deal, Gannett takes 59.35%... More of this article »
Bristol-Myers Shares Hit Hard from Results on Cancer Drug
A new cancer drug from Bristol-Myers Squibb that works through unleashing the immune system of the body extended the survival rates for patients with lung cancer compared with chemotherapy during a clinical trial. However, the trial’s... More of this article »
Apple Enhancing Mobile Payment Offerings (NASDAQ:AAPL)
According to sources close to the company, Apple will announce details about enhancing its Apple Pay mobile payments platform at its software conference next month. As more consumers show that they are willing to make purchases using... More of this article »
Abercrombie & Fitch Miss Expectations With Results
On Thursday, struggling retailer Abercrombie & Fitch reported a drop in revenue and loss that was wider than had been expected during its first quarter, although the teen retailer said it is expecting to see sales trends improve... More of this article »
Taco Bell and Pizza Hut Eliminating Artificial Ingredients
Taco Bell and Pizza Hut announced that they are eliminating the artificial flavors and colors, which makes them just the most recent big company in the fast food industry to put a distance between themselves and ingredients consumers... More of this article »
West Coast Port Workers Approve Contract
Dockworkers from 29 ports on the West Coast have voted to ratify a tentative agreement by an overwhelming majority for a new contract of five years with shipping companies that was reached back in February, said union leaders late... More of this article »
Gap Profit Lower in First Quarter by 8%
Gap Inc posted a decline in its profit for the first quarter of 8%, as results took a hit from currency fluctuations as well as sluggish sales at its Banana Republic and namesake stores. The company, based in San Francisco however... More of this article »
Yahoo Tries to Calm Down Investors
Yahoo sought to keep investors calm after worries that the Internet giant would have to pay tax on its Alibaba spinoff stake, which sent Yahoo shares lower by close to 8%. The company said late Tuesday that any possible change to the... More of this article »
Verizon Makes Deal To Buy AOL (NYSE:VZ)
Verizon Communications has announced that it has reached a deal to buy AOL for $4.4 billion. The acquisition is just the latest in a series of steps to transform Verizon into a competitive threat across the technology, telecommunications,... More of this article »
Many Probiotics that are Labeled “Gluten Free” Contain Gluten
A number of probiotic supplements have small quantities of gluten. However, whether those traces can be harmful for those who cannot eat gluten remains unknown, said a recently released study. Researchers tested a total of 22 probiotics... More of this article »
Dairy Queen Removing Soda Form Kids Menu
Dairy Queen will start introducing children’s menus that have healthier choices in its different franchises. The decision of removing soft drinks from the menu list for children came from the alarming reports indicating the risk... More of this article »
Nearly Three-Fourths Of Web Users Visited Facebook Last Month (NASDAQ:FB)
According to research from GlobalWebIndex, 73 percent of Internet users visited the Facebook website last month. The number of visits to the Facebook website has remained steady over the last eight quarters, according to the data.... More of this article »
Instant Articles is Launched by Facebook
The long rumored Facebook new platform named Instant Articles launched on Thursday with news content from Blid, Spiegel, BBC News, The Guardian, The Atlantic, NBC, BuzzFeed, National Geographic and the New York Times. According to... More of this article »
Capital Worries Pressure UniCredit
Core capital at the biggest bank in Italy by assets, UniCredit, moved higher during the 2015 first quarter, but not sufficient enough to suppress the jitters of investors, which sent shares lower. The net profit at the bank for the... More of this article »
Digital is Behind Purchase of U-T by LA Times
Austin Beutner has a task of protecting his different print dinosaurs from becoming extinct while nurturing the newer businesses that could someday be there replacements. Beutner is the publisher and CEO of the Los Angeles Times, whose... More of this article »
Intel Helps Chinese Company Create 3D Printed Robot (NASDAQ:INTC)
Intel surprised participants of the annual Intel Developer Forum by teaming up with a Chinese company to create a 3D printed robot based on its iconic mascot. The robot is 1 meter tall and has a host of activities it can complete,... More of this article »
Yelp Stock Surges on Potential Sale Rumors
Rumors that Yelp the service that provides consumer reviews is exploring a possible sale, caused the stock of the company, based in San Francisco, to surge by over 23% on Thursday. A report by a national newspaper prompted analysts... More of this article »
Motorola Solutions Results Top Forecasts
Motorola Solutions the maker of communications equipment reported profit on Tuesday for its first quarter that dropped from the same period last year despite better operating margins, reflecting a loss from its discontinued operations... More of this article »
McDonald’s Speeds Up Refranchising
McDonald’s will accelerate refranchising as well as realign markets in its bid to revive the struggling fortunes at the largest fast food chain in the world, said Steve Easterbrook the CEO on Monday. With only two months at the helm... More of this article »
Exxon Posts Quarterly Report that Beats Analyst Expectations
Exxon Mobil Corporation posted its largest surprise in earnings in over a decade as its output from its oil wells beat expectations and its margins in refining soared amidst lower prices of crude. Profit per share was higher by over... More of this article »
Chipotle Delivery Coming To 67 Cities (NYSE:CMG)
Restaurant chain Chipotle Mexican Grill has announced that it would begin food deliveries in 67 cities through a partnership with delivery startup Postmates. Chipotle has been seeking to gain more traction in the fast casual industry... More of this article »
UPS Reports Increase in Earnings
United Parcel Services announced on Tuesday that its earnings for the first quarter were up 14% boosted by all new pricing initiatives and solid growth in its domestic sector. Earnings beat Wall Street expectations, although revenue... More of this article »
Second Quarter Earnings for Apple Will Be All About China
Apple will be posting its second quarter earnings on Monday April 27 after the close of the financial markets. The quarter is the second complete quarter since it highly popular iPhone 6 entered the market. While the second quarter... More of this article »