Home » Business
Hasbro Shares Surge on Quarter Profit
Hasbro the toymaker that sells brands like Nerf, Monopoly, Play-Doh and Transformers, saw its shares soar by 8% in Monday trading before the market opened after it topped revenue and profit forecasts. Early money prior to the opening... More of this article »
Workers Allege that Walmart Store in California Closed in Retaliation
Some Walmart employees have accused the company of closing one of its locations in the area of Los Angeles for six months in retaliation for the workers demanding better wages as well as benefits. The largest retailer in the U.S. denied... More of this article »
Earnings in First Quarter at Blackstone Soar
Blackstone Group LP the largest alternative asset manager in the world announced Thursday that its profit for the first quarter doubled compared to the same period last year. The increase was thanks to strong sales of assets that were... More of this article »
Letv Launches Internet Media Business in U.S.
Letv, one of the fastest growing companies in the technology field in China announced on Tuesday it was entering the U.S. market by launching if first smartphone. Letv provides the first of its kind vertically-integrated, open, ecosystem... More of this article »
Spotify Has an $8.4 Billion Value in Latest Round of Funding
According to a nationwide newspaper, Spotify the provider of streaming music is close to landing a new deal for $400 million with the financial institute Goldman Sachs and with the sovereign wealth fund of Abu Dhabi, which would increase... More of this article »
PC Market Plunges Again
It seems as if the PC Market finally had started to stabilize in 2014, but the most recent data released does not look that good. Global shipments of PCs during the 2015 first quarter fell by 5.2% from the same period one year ago.... More of this article »
McDonald’s Wants to Increase the Beef
McDonald’s is bringing back its big burgers in the hope they will in turn bring back their customers. Starting in late April, the largest fast-food restaurant chain will for a short period bring back its beefier burgers in its restaurants... More of this article »
Deutsche Bank Reportedly Near Deal To End Libor Investigation (NYSE:DB)
Reports are surfacing that Deutsche Bank is nearing a deal to pay a record penalty and accept a criminal guilty plea to settle allegations of participation in Wall Street’s manipulation of the London interbank offered rate, or Libor.... More of this article »
Bristol-Myers Announces Investment in UniQure
Bristol-Myers Squibb has agreed to invest in UniQure NV a Dutch company to collaborate on gene therapies used for cardiovascular disease. Due to the investment, Bristol-Myers will have an exclusive access to the company’s proprietary... More of this article »
Europe Takes On Amazon, Google, Facebook and Apple
Tech giants based in the United States are in the middle of a huge tussle with the European Union. The EU is getting worried more and more about big tech dominance, and has launched a new program to boost the tech sector in Europe. The... More of this article »
Jury Rejects Heinz Ketchup Lawsuit
On Wednesday a federal jury in Pittsburgh rejected the claims of a Michigan man that a package of condiment he patented back in 1997 led to ketchup maker H.J. Heinz Co to develop its packets of ketchup known as Dip & Squeeze in... More of this article »
Dairy Farmers in European Union Protest Milk Quotas Removal
The streets in Brussels were filled with dairy farmers on Tuesday protesting the lifting of milk quotas in the European Union fearing that this move would glut the market with inexpensive surplus milk. One milk farmer from Belgium... More of this article »
Amazon Enters The Home Services Market (NASDAQ:AMZN)
E-commerce giant Amazon has announced the introduction of Amazon Home Services, a marketplace where shoppers can schedule and pay for home services such as gutter repair, TV wall mounting, and basic home improvement tasks like painting.... More of this article »
Carnival Adding New Ships in 2019
Carnival Corp announced it would be adding 9 new cruise ships over a period of four years beginning in 2019, steps to boost fuel efficiency and to add the newest amenities in the industry. The vessels will be sailing in North America... More of this article »
Facebook Explores Hosting Content For News Sites (NASDAQ:FB)
Facebook is reportedly exploring options for hosting content for news sites within the Facebook framework. Facebook has been holding talks with multiple media companies about hosting their content inside Facebook, according to several... More of this article »
IBM Will Share Technology with China in Strategy Shift
IBM Corp is to share its technology with companies from China and will help on an active basis to build industry in China, said Virginia Rometty the CEO at IBM in Beijing as she mapped out a strategy for one of the firms hardest hit... More of this article »
Target Lifting Minimum Wage Following Suit
Target Corp will increase its minimum wage next month for all workers to $9 per hour, a move that matches one previously made by its rivals TJX Cos and Walmart Stores, said a source familiar with the situation. The move follows pressure... More of this article »
Facebook Explains Hate Speech and Nudity in Community Guidelines
Facebook at times has struggled with balancing its desire in being a free speech advocate while trying to keep its service of social networking safe for the family and a positive environment for a broad and diverse section of people. The... More of this article »
Lumber Liquidators On Defense After Critical News Report (NYSE:LL)
Lumber Liquidators has shifted into crisis control mode after a piece critical of the company’s products aired on the CBS News program “60 Minutes.” The report claimed that the discount flooring retailer sold laminate wood flooring... More of this article »
Facebook Buys TheFind
Facebook has acquired TheFind a website based in Mountain View, California that lets shoppers search for a particular product on hundreds of sites at once. However, the social network said its goal for this acquisition was less about... More of this article »
Report: Apple Will Dominate 2015 Smartwatch Market
Apple Inc will enter the smartwatch market later than its rivals Xiaomi and Samsung. However, it is expected that the company will be the sales leader of smartwatches for the year with its Apple Watch. The Apple Watch launch could... More of this article »
Wells Fargo Pulls Back On Subprime Auto Loans (NYSE:WFC)
Wells Fargo has announced that the company is pulling back from the business of making loans to financially troubled borrowers to buy cars. The giant San Francisco bank will cap any new subprime auto loans at no more than 10 percent... More of this article »
Lumber Liquidators Hit by 60 Minutes Report
Lumber Liquidators shares started to plummet following a 60 Minutes report that the laminate flooring made by the company in China might not meet safety and health standards in California. Trading has since been halted on the stock.... More of this article »
Sears To Spin Off Hundreds Of Profitable Stores (NASDAQ:SHLD)
Sears Holdings Corp. has announced plans to spin off up to 300 of its most profitable stores into a separate company in the next few months. The stores would be sold into real-estate investment trust, after which Sears would rent those... More of this article »
Card Game Exploding Kittens Passes Ouya’s
Exploding Kittens earned itself a number of believers. Initially, the Kickstarter brainpower said the new card game of exploding kittens would be popular. However, it was not predicted how vastly popular the game would eventually become. While... More of this article »
Wal-Mart Raising Wages For Half-million Employees
Wal-Mart Stores Inc. has made an announcement that the company would be raising the wages of about a half-million of its workers in the United States this year. Wal-Mart is currently the nation’s largest private employer with... More of this article »
Berkshire Buys 21st Century Stake
Berkshire Hathaway, the investment company owned by billionaire Warren Buffett increased its media holdings during the 2014 fourth quarter by acquiring a stake in Robert Murdoch’s company 21st Century Fox. In a regulatory quarterly... More of this article »
Google Announces YouTube Version Of Popular Channel For China (NASDAQ:GOOGL)
Google has announced the launch of a Chinese version of its popular YouTube channel for Google developers. This new channel will increase Chinese developers’ access to information and resources about Google’s products and services.... More of this article »
Markets Hold Their Breath Before Greek Talks
Global shares reached their highest in almost five months Monday, while the euro was able to firm up. Investors are cautiously optimists that finance ministers from the euro zone will reach a new deal to shore up the dwindling finances... More of this article »
Gene-Altered Apples Given FDA Approval
The U.S. Department of Agriculture on Friday gave approval for the commercial planting of apples that are genetically engineered and resistant to becoming brown after being bruised or sliced. Okanagan Specialty Fruits, the developer... More of this article »
Coca-Cola Passes Profit Estimates on Price Increase
The largest beverage company in the world, Coca-Cola co, reported profit for the fourth quarter that beat Wall Street, helped from its efforts in cost cutting and a shift toward drinks with higher prices. Excluding certain items, the... More of this article »
Verizon Selling Assets worth $15 Billion
On Thursday, lightning hit twice as the telecom giant announced an asset sale of $15.5 billion in two individual transactions. Verizon said it would sell its wireless business in Florida, California and Texas to Frontier Communications,... More of this article »
Chevron Closing Poland Shale Venture (CVX)
Chevron has announced its intentions to close down its venture in Poland aimed at finding and producing natural gas from shale rock. Chevron made the largest commitment out of the international oil companies to exploring shale possibilities... More of this article »
What Exactly Does A Bodyguard Do?
Some people think that the most a bodyguard does is to protect the rich and famous by looking tough and occasionally protecting them from any possible threats or dangers. But there is in fact a lot more to the role of a bodyguard than... More of this article »
Emirati Airlines Stop flights Into Baghdad
Several airlines have suspended their flights into Baghdad after a passenger plane that was arriving from the busiest airport in the region in Dubai was fired upon as it landed in the capital of Iraq. A suspension of flights that is... More of this article »
Microsoft Boasts Monthly Pricing of $7 for Subscription Packages
For many businesses, the normal one license per device policy by Microsoft is expensive. Today, everyone wants it to use on his or her computers, phones and tablets. That is why it was considered a big deal last month when Microsoft... More of this article »
Standard & Poor’s Settles SEC, State CMBS Claims For $80 Million
Standard & Poor’s has agreed to pay about $80 million to state and federal authorities to settle claims that it acted inappropriately in its dealings in the commercial-mortgage bond market. The company has been facing accusations... More of this article »
Apple Grabs Record Share in Samsung’s Own Backyard
Thanks to the iPhone 6, Apple is whittling away the dominant position Samsung Electronics has in South Korea, its own backyard. The Cupertino, California based Apple captured 33% of the market during November in South Korea, which... More of this article »
President of France Says European Central Bank to Start QE
Francois Hollande the president of France said on Monday that the European Central Bank would decide to purchase government debt later in the week, reinforcing the expectations that the institution, based in Frankfurt, will follow... More of this article »
JPMorgan Chase Spends Big On Legal Costs In Fourth Quarter
JPMorgan Chase (NYSE:JPM) reported that it spent more than $1 billion on legal costs in the fourth quarter of its fiscal year. Most of the legal costs were due to the bank defending itself from multiple investigations from government... More of this article »
Profit Falls at Bank of America
Bank of America Corp the second largest lender in the U.S. by assets said that profit in the fourth quarter fell by 11% as its revenue declined from its fixed income trading. Net income dropped by $3.05 billion equal to 25 cents per... More of this article »
Google To Launch Auto Insurance Comparison Tool
Google (GOOG) is aiming to make it easier for consumers to find the right types of car insurance for them. Information has been announced that the company would be launching an auto insurance comparison tool in several states that... More of this article »
Sanofi and Regeneron Drug For Cholesterol Effective
An experimental drug by Regeneron Pharmaceuticals and Sanofi SA was found effective in reducing the levels of “bad” cholesterol even at times when administered once each four weeks and not every two weeks. The treatment, alirocumab,... More of this article »
Apple Offers iPhone 6 Unlocked
Apple is now making travelers and some customers living in the U.S. happy this year by selling their devices unlocked to the public. In other words, customers can now use their phone with any carrier without the need of signing their... More of this article »
PlayStation 4 Faces Rivals in Wii U and Xbox One
Not to fast Sony, your two largest video console rivals in the business, Nintendo and Microsoft, are showing signs of still having life. After the holiday season, when other competitors made certain mistakes, Sony appeared to look... More of this article »
Beer Behemoths Betting on Craft Brews
When the board at Anheuser-Busch InBev held its yearly meeting in the U.S. this year, it met in Chicago at a very small brewery. The CEO Carlos Brito along with directors from the largest brewer in the world peeled as well as sliced... More of this article »
Amazon Angers Authors Again With New Offering (NASDAQ:AMZN)
Amazon has released another new service, but not everyone is happy about it. Authors are upset that Amazon’s new Kindle Unlimited program has slashed the income that the authors are seeing from sales of their books in digital format.... More of this article »
Brazil: Infrastructure Advances Making in a Global Industrial Power
To realize the potential for expansion economically, Brazil must confront its costs Brazil cost to invest strongly in its infrastructure, to ensure a global competitiveness for its domestic industry. French company Alstom has been... More of this article »