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Sturm Ruger Earnings Miss Estimates
Sturm Ruger, the largest firearms maker in the U.S. that is publically traded, reported earnings for their fourth quarter that did not meet estimates of analysts for just the first time in 5 years. Profit per share increased from $1... More of this article »
Macy’s Profits Grow in Fourth Quarter, Weak Sales in January Miss
Macy’s had better than expected fourth quarter profits that increased by 11%, said the U.S. retailer on Tuesday. However, the sales at the department store chain missed its targets as the severe weather kept many shoppers away. Shares... More of this article »
Bitcoin Exchange Mt. Gox Offline
The Bitcoin exchange Mt. Gox that stopped withdrawals earlier this month has gone offline as peers in the industry have distanced themselves from the company that is based in Tokyo in an attempt to defend the online currency. Efforts... More of this article »
Sina Preparing Weibo for IPO in New York
Sources have said that Sina, the internet platform from China has picked a handful of banks for its spinoff of its micro-blogging, Twitter like service known as Weibo. This is the latest of a number of deals that have been high-profile... More of this article »
Toyota Sees Success With Rapid Turnaround (NYSE:TM)
No car company can claim to have had a bigger comeback since the recession than Toyota. Chief executive Akio Toyoda has worked tirelessly to streamline Toyota’s global organization chart and increase the company’s emphasis on newer... More of this article »
Anti-Fraud Technology On Fast Track At Target (NYSE:TGT)
At a recently held Senate Judiciary Committee hearing, a top executive of Target announced that the company would be accelerating its plans to adopt a technology that has been found to reduce potential for credit card fraud. The technology... More of this article »
Microsoft Could Cut Price of Windows by 70%
Microsoft Corp. is lowering the price by 70% of its Windows 8.1 for makers of inexpensive tablets and computers as they attempt to fend off their cheaper rivals such Chromebooks by Google, said people familiar with the company. Manufacturers... More of this article »
Barnes & Noble Receives Takeover Bid
Barnes & Noble, the bookseller that has struggled, received a takeover bid from G Asset Management LLC for 51% of the business for $22 per share, which puts a value on the company of $1.32 billion. G Asset also has proposed the... More of this article »
Soft Drink Sales Continue Decline
Coca-Cola and other soda makers have struggled with the declining demand in North America for their carbonated drinks making them count more on their other products to entice back and diversify customers. However, the companies have... More of this article »
Sony Sells 5.3 Million PS4 Consoles Worldwide
Sony said it was well ahead of its deadline to pass the 5 million mark in sales of PS4 by March. The company said that 5.3 million consoles had been shipped across the globe as of February 8. Sony takes pride when announcing these... More of this article »
Disneyland Hong Kong Opening Largest Hotel
Hong Kong Disneyland has announced it is planning to open a third hotel, which will be its largest, in early 2017 so the amusement park can accommodate the huge influx of visitors from countries such as South Korea and China amidst... More of this article »
India Drugs Coming Under U.S. Regulatory Scrutiny
Inspectors from the U.S. regulator the Food and Drug Administration have been visiting drug manufacturers in India issuing penalties, including bans on imports on certain medications that were adulterated, such as Accutane the acne... More of this article »
Occidental Petroleum Moving Headquarters to Houston
Occidental, the California based producer of natural gas, will move its headquarters to Houston after close to a century of being based in Los Angeles. The move was part of the energy company’s corporate overhaul. The fourth largest... More of this article »
Avon Sales Fall in U.S., Reps Continue Exodus
On Thursday, Avon Products announced an exodus of more if its active representatives during the fourth quarter, while recording a steep decline in sales across the U.S. and in several of its emerging markets. While the company remained... More of this article »
Auto Sales Growth Falls in China During January
The growth of auto sales in China during January fell 7% amidst a slowdown in the economy and curbs the government imposed to fight against traffic and smog. Drivers in the biggest auto market in the world bought over 1.85 million... More of this article »
T-Mobile Offers To Cover Termination Fees (NYSE:PCS)
T-Mobile US has announced its plan to cover the termination fees for individuals, as well as up to five lines per family, for consumers who switch from their current carrier to T-Mobile. In announcing the plan, John Legere, T-Mobile’s... More of this article »
Subway Removing Chemical from its Bread
In some varieties of bread sold at Subway there is a chemical that might seem hard to pronounce and unfamiliar. The chemical azodicarbonamide has been receiving a great deal of attention of late. Besides in Subway bread, the chemical... More of this article »
California Wants Phone and Tablet Kill Switches
Politicians and officials in law enforcement in California said a bill would be introduced on Friday in the California legislature that would require all tablets and smartphones sold in the state to be equipped with a kill switch that... More of this article »
CVS Pulling ALL Cigarettes from Stores
CVS pharmacies are proud that they have nearly everything their customers need, including toilet paper to dog food and over the counter medicines to ice cream. However, people that want to buy tobacco will soon have to shop elsewhere. CVS... More of this article »
Profits Jump 20% at Swatch
The largest watchmaker in the World, Swatch, reported that it profits in 2013 had jumped and that its start to the New Year was solid. Profits for the Swiss watchmaker were up 20.2% in 2013, despite the Swiss franc being strong which... More of this article »
Danish Government In Disarray After Goldman Deal (NYSE:GS)
Denmark recently gave global financial giant Goldman Sachs permission to buy a stake in its state utility service. The move was not met with celebration. The Socialist People’s Party withdrew its ministers from the country’s governing... More of this article »
Ford Sales Drop, Chrysler’s Up
Sales are Fiat Chrysler Automobiles increased in January by 8% from the same period one year ago, despite multiple snowstorms and extremely cold temperatures that hit most of the U.S. during most of the month. However, Ford blamed... More of this article »
Yahoo! Urges Users to Change Passwords
Users of the Mail service for Yahoo! Have been urged to change their passwords to something unique and secure after it was announced the Internet giant had a security breach that exposed its login details. Yahoo! officials said the... More of this article »
Harley-Davidson Earnings Up for Fourth Quarter of 2013
Harley-Davidson announced that its earnings for the fourth quarter were up 6.8% as sales in motorcycles continued to increase worldwide. The company based in Milwaukee, Wisconsin said its global sales for new motorcycles was up 5.7%... More of this article »
Shell Quarterly Earnings Drop 48% (NYSE:RDS.A)
Royal Dutch Shell has reported that its fourth-quarter profits would be lower than expected. The company announced that adjusted earnings would drop to $2.9 billion for the quarter. This is a 48 percent decline from the same quarter... More of this article »
Bitcoin Pioneer Facing Money Laundering Charges
Charlie Shrem, the pioneer of the Bitcoin has been charged by federal officials with money laundering and on Tuesday resigned from the Bitcoin Foundation board of directors. The foundation is the trade group promoting the unregulated... More of this article »
Apple Releases Disappointing iPhone Sales
Apple has sold a record amount of iPhones during the past three months, but the stock in the company plummeted as investors had been expecting a much larger sales figure. The tech giant based in Cupertino, California, sold 51 million... More of this article »
Netlfix Soars on Subscriber Growth
Netflix’s electrifying growth rate continued during the 2013 fourth quarter. Over 2.3 million new households in America signed up to the streaming service. The results were the best quarterly performance the company has seen in the... More of this article »
Nintendo Predicts Large Loss, Calls Wii U a Flop
Nintendo, the maker of video games said that the sales of its Wii U, the console/controller combo have flopped and helped push the company into its third straight annual loss. Nintendo cut its forecast for global sales for its Wii... More of this article »
Google Buses for Employees Now Have Security Guards
At first, Google commuters from San Francisco received buses that had plush seats and WiFi. Now, they are getting their own security. Recently men wearing earpieces have watched passengers boarding the commuter buses for Google at... More of this article »
Chuck E. Cheese Sells for $1 Billion
Chuck E. Cheese was sold to Apollo a private equity company in a sale that valued the restaurant chain that focuses on entertainment for children at nearly $1 billion. The sale, which was officially announced on Thursday will have... More of this article »
Microsoft Finds Move To Devices And Services Lucrative (NASDAQ:MSFT)
In the past, Microsoft made huge profits by selling software on discs to customers. Today, Microsoft is expanding its portfolio with hardware products with markedly lower margins. The company has transformed from a software factory... More of this article »
Bayer Names Different Culprit In Mass Bee Die-offs (OTCMKTS:BAYRY)
The European Union has linked a type of pesticide that Bayer produces to the large-scale die-offs of honeybee populations in Western Europe and North America. The pesticides, known as neonicotinoids, were banned in Europe this year... More of this article »
Pizza Hut Pizza by the Slice Says Company Officials
Pizza Huts officials are planning to start selling pizza by the slice in two locations for the first time this week. It is part of a test to remake its image and court the 20 to 30 year old diners. The two locations taking part in... More of this article »
Volkswagen to Spend Billions to Revive U.S. Market
Volkswagen AG is planning to invest over $7 billion during the next five years across North America to revive is efforts to grab a larger share of the car market in the U.S. The largest carmaker in Europe will use part of the money... More of this article »
Shipments of PCs Dropped 6.9% During 2013 Fourth Quarter
Personal Computer global shipments fell by 10% during 2013 and by 6.9% during the last three months of the year compared to the same period in 2012. The PC industry marked a historically poor year in 2013 and looks forward to a reversal... More of this article »
JPMorgan And Federal Authorities Reach Settlement In Madoff Case (NYSE:JPM)
JPMorgan Chase has reached a settlement with federal authorities to resolve allegations that the bank missed its chance to warn federal authorities about the Ponzi scheme of Bernard L. Madoff. JPMorgan was Mr. Madoff’s primary bank... More of this article »
Samsung To Report Bigger Decline In Earnings Than Expected For Year End (LON:BC94)
Samsung Electronics reported that earnings in the last quarter of 2013 were lower than in the previous three-month period as well as lower than the same period a year ago. The company released a prediction that operating income would... More of this article »
Apple Now Has Official Store on E-commerce Site in China
Apple has opened two official online outlets for sales in China, after it opened its virtual doors on Tmall.com, a huge marketplace online operated by the largest e-commerce website in China named Alibaba Group. It is still not clear... More of this article »
Being the King of your Ccastle with High-Tech Security
Imagine if you were back in mediaeval times. It was so much easier to secure your property in those days. If you were a king or nobleman, you had an epic castle with heavily fortified walls that only a boulder could plough its way... More of this article »
General Motors Plans Midwestern Factory Upgrades At Cost Of $1.3 Billion (NYSE:GM)
General Motors has announced plans to invest $1.3 billion into projects to upgrade five of its factories in the Midwest. The money will be spent on upgrades to facilities in Michigan, Ohio and Indiana. The planned projects include... More of this article »
Casinos in Macau Record $45 Billion in Revenues
Macau, the tiny Chinese city, has once again broken its yearly record for earnings at casinos as last year’s revenues reached an incredible $45 billion, which further underlined its status as the biggest gambling market in the world. Macau... More of this article »
BlackBerry Loss Deepens To $4.4 Billion (NASDAQ:BBRY)
BlackBerry announced a $4.4 billion loss and a 56 percent drop in revenue when reporting results for the latest quarter. The latest reported numbers included a $2.7 billion write-down mainly related to the BlackBerry 10 line of phones.... More of this article »
Promotions and Discounts Fuel Holiday Season Sales
Sales during the holiday shopping season in the U.S. this year were up from last year as heavy discounting and more promotions encouraged U.S. consumers to spend more. Sales during the holiday between the first of November and the... More of this article »
Nokia Seeking Remedies For India Tax Problems (NYSE:NOK)
Nokia’s tax issues in India are complicating its planned sale of its handset business to Microsoft. In hopes of resolving a months-long standoff with local officials, Nokia recently sent a proposal to settle its tax debts to... More of this article »
Couriers Swamped with Complaints on Late Packages
Consumers became outraged over late package deliveries by FedEx and UPS on Tuesday, with many receiving packages as late as Christmas morning and others going without. Consumers took to the review and social media sites to blast the... More of this article »
Consumer Spending in U.S. Up 0.5% for November
Americans spent more in November than in any of the previous five months, while their incomes were up modestly. Consumer spending increased by 0.5% from spending in October, when spending was 0.4% higher, said data released on Monday... More of this article »
Credit Theft Affects Millions Of Target Customers (NYSE:TGT)
Criminal hackers have stolen credit card information records for 40 million Target store customers. Hackers stole customer names, credit or debit card numbers, expiration dates and three-digit security codes for 40 million customers... More of this article »