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Royal Dutch Shell Plans To Resume Arctic Drilling (NYSE:RDS.A)
Drilling for oil in the Arctic waters off Alaska is set to resume as Royal Dutch Shell has submitted new plans for the operation. The plan submitted to the federal government outlines how Shell intends to explore for oil in the Chukchi... More of this article »
IMF Chief Christine Lagarde Investigated in France
International Monetary Fund Chief Christine Lagarde announced on Wednesday that prosecutors in France had put her under a formal investigation over an obscure business affair dating back to when she was the finance minister in the... More of this article »
Tiny Bug Causing BIG Problems for Citrus Growers
Citrus is synonymous with the state of Florida. The state’s license plates are adorned with the orange. The football stadium at the University of Florida was named for a magnate in the orange business. There is even a state county... More of this article »
Legal Marijuana Enticing Tourists to Colorado
Tourists from across the globe are descending upon Colorado so they can become stoned legally. The owner of 3D Cannabis Center a dispensary in Denver for marijuana said that tour buses are arriving every day. A large number of the... More of this article »
Sears Loss Is Ninth Consecutive
Sears Holdings Corp, the owner of the Sears and Kmart chains, reported a ninth consecutive quarterly loss. Sales continued to contract. The news sent shares plummeting by 5% during premarket trading. The company, which is controlled... More of this article »
Hackers Steal Data at Albertson’s and SuperValu
Hackers were able to break into the payment networks for debit and credit cards at two of the most popular chains of supermarket in the U.S.: SuperValu and Albertson’s. Both chains announced on Friday morning the data breach. The... More of this article »
Postal Service Loses $2 Billion
Despite more revenue for close to all the products offered by the Postal Service, the U.S. agency continues to be loaded down with debt due to a requirement by Congress to pay out over $5 billion into a future health care and retiree... More of this article »
Strong Competition Weighs Down Samsung’s Results (LON:BC94)
Samsung Electronics’ quarterly report has increased worries among investors about the company’s ability to keep growing in a market full of stiff competition. Samsung reported that its operating profit dropped 24.6 percent to 7.2... More of this article »
Procter & Gamble Trims Its Brand List (NYSE:PG)
Procter & Gamble will reportedly be trimming its list of brands by around 100 brands. The company has been focusing on improving its financial performance and wants to narrow its offerings to its most popular brands. According... 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 »
Speed a Premium Logistics Service
Speed to Africa is a service run jointly from Europe with different destinations across Africa by SDV and Bollore Africa Logistics. By offering the service, the two groups can meet the increased demand through quick and safe deliveries... More of this article »
Aluminum is Best for Building Docks and Pontoons
Aluminum docks and pontoons have many advantages over other materials. Aluminum is the best material to use when putting docks in a harsh marine environment. Each dock system made of aluminum should be built for long lasting, high... More of this article »
How Hadoop Involves Supply Chain Management
The term Hadoop has been mentioned everywhere of late. Many are wondering what it is and if it is something that executives in supply chain management need to know more about it. Hadoop is used for the most part in marketing since... 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 »
McDonald’s Ruling Has Far Reaching Implications For Many Industries (NYSE:MCD)
A ruling against McDonald’s handed down by the general counsel of the National Labor Relations Board may have far reaching implications in a number of industries. The ruling held that McDonald’s could be held jointly liable for... More of this article »
General Motors Reports Disappointing Results After Safety Troubles (NYSE:GM)
In the second quarter, General Motors’ earnings dropped nearly 85 percent when compared to the same quarter last year. Much of the decline has been blamed on the recall crisis that has been affecting the company for months. The current... 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 »
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 »
Coca-Cola Announces Disappointing Second Quarter Results (NYSE:KO)
Coca-Cola Co has announced their second quarter results, reporting that profit fell in the second quarter. The company’s net income fell to $2.60 billion, or 58 cents per share, from $2.68 billion, or 59 cents per share, in the... More of this article »
Joint Venture Between Exxon Mobile And Russian Company Reports Progress (NYSE:XOM)
Exxon Mobile, in conjunction with a Russian state energy company, has announced that the joint venture between them is making progress in its exploration of the Arctic Ocean for oil and natural gas. An Exxon drilling rig will be prospecting... 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 »
Layoffs Hit Microsoft Employees Hard (NASDAQ:MSFT)
Microsoft has made an announcement that the company will be laying off up to 14% of its workforce, possibly leaving up to 18,000 employees without a job. This would represent the largest layoff in the company’s history. Microsoft’s... More of this article »
New Amazon E-Book Subscription Service Raises Some Eyebrows (NASDAQ:AMZN)
Amazon has unveiled a new e-book subscription service, but the titles that are missing from the service have raised some eyebrows. For $10 a month, the new digital subscription service, dubbed Kindle Unlimited, allows subscribers to... 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 »
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 »
General Motors Hesitant To Issue Yet Another Recall (NYSE:GM)
General Motors has been asked to issue yet another recall of its vehicles, this time for trucks that can have a problem with their brake lines. At issue is 1.8 million full-size pickup trucks and sport utility vehicles that could experience... 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 »
T-Mobile Customers Potentially Overcharged Millions (NYSE:PCS)
T-Mobile has been accused of overbilling its customers hundreds of millions of dollars in charges for services the customers never requested. The Federal Trade Commission claims that T-Mobile earned millions of dollars by taking a... 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 »
5 Reasons Corporate Social Responsibility Departments Want to Work With NGOs
Since the days in which royal monarchs granted charters to private companies, businesses have made many contributions to the public good. In 1915, Proctor & Gamble pioneered disability pay and retirement pensions. Henry Ford... More of this article »
General Electric Reaches Deal For Alstom Assets (NYSE:GE)
After nearly two months of negotiations, General Electric has announced that the company has reached a deal to purchase Alstom for $13.5 billion. G.E. is adding Alstom’s steam turbine factory in Belfort and a gas turbine plant in... More of this article »
Reports Of Another General Motors Recall Increases Safety Concerns (NYSE:GM)
General Motors has announced new recalls affecting more than half a million more vehicles, adding to the mounting toll of its safety crisis. In the largest new recall, the company is recalling 392,459 full-size pickup trucks and sport... 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 »
BlackBerry’s Earnings Ease Concerns About Stability (NASDAQ:BBRY)
Over the past few years, investors have gotten used to BlackBerry’s relentlessly grim financial results. So for many of them, the smartphone company’s most recent earnings report was a pleasant surprise. The company reported a... 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 »
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 »
JetBlue Reveals New Value-Priced Business Class Service (NASDAQ:JBLU)
To lure more business class fliers, JetBlue has created a new value-priced business class service named Mint. The new service is being launched on coast-to-coast flights between New York and Los Angeles or San Francisco starting this... 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 »
Sprint, T-Mobile Deal Hinges On Approval Of Skeptical Regulators (NYSE:S) (NYSE:PCS)
Sprint and T-Mobile USA have reportedly settled on the terms of a $32 billion deal to merge the two companies. The deal’s supporters say that instead of reducing the number of competitors in the wireless phone industry, it would... 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 »
Chemical Safety Board Finds BP’s Fixes Inadequate (NYSE: BP)
In 2010, a disaster at BP’s Deepwater Horizon rig in the Gulf of Mexico dumped millions of gallons of oil into the sea and killed 11 workers. Since the incident, the principal government regulatory agency monitoring offshore drilling... 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 »