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Government Watchdog Reveals Google’s Fuel Discounts For Private Aircraft
According to NASA’s Office of the Inspector General, Google executives received an unfair and inappropriate government discount on jet fuel purchased for personal flights on their nine private aircraft. H211, a company that manages... More of this article »
Peugeot Shares Plummet After GM Sells Stake
Shares of Peugeot Citroen the French automaker dropped by another 11.6% on Friday making a four day fall of 23%, after General Motors its alliance partner in the U.S. sold its stake before the possible new issue of shares by the struggling... More of this article »
General Motors Names Barra as CEO
General Motors Co. had named as its new CEO Mary Barra, who becomes the first female to be CEO of the U.S. based automaker. Barra will succeed Dan Akerson, the current CEO. When she takes her position, she will complete her rise from... More of this article »
Walmart Facing Allegations Of Illegal Punishments (NYSE:WMT)
The National Labor Relations Board has found that Walmart illegally disciplined and fired employees over strikes and protests. The inquiry also found evidence that a Walmart spokesman unlawfully threatened employees who were considering... More of this article »
Box Receives Funding of $100 Million
Box has secured funding for $100 million at a valuation of close to $2 billion, said Aaron Levie their CEO, as new investors have decided to help the provider of online storage expand internationally. The company, based in Los Altos,... More of this article »
Some Google Barge Details Revealed (NASDAQ:GOOG)
Google’s released details about their new floating barges have resulted in more questions than answers. Google has described their barge as being an “interactive space where people can learn about new technology.” However,... More of this article »
Hilton Seeking $2.4 Billion in IPO
Hotel chain Hilton Worldwide Holdings purchased by Blackstone Group back in 2007 is planning to raise up to $2.4 billion in its initial public offering in the U.S. That amount will be the most every raised by a hotel company. The hotel... More of this article »
Stop your business from falling into checkmate with effective advertising
Having your own business is a strategic minefield at the best of times, mostly playing out like an expensive and intricate game of chess. You have your pawns always marching forwards – they’re your colleagues, steadily striving... More of this article »
Hewlett-Packard Beats Earnings Expectations (NYSE:HPQ)
For the fourth quarter, Hewlett-Packard reported earnings that were better than expected. For the quarter, H.P. reported net income of $1.41 billion, or 73 cents a share. This was compared with a loss of $6.85 billion, or $3.49 a share,... More of this article »
Pizza Hut Fires Manager for Refusing to Open on Thanksgiving
An Elkhart, Indiana Pizza Hut manager was fired after refusing to open his store on Thanksgiving. Many restaurants and stores will be open for business this year during Thanksgiving Day. A man from Indiana lost his employment due to... More of this article »
Chevron Multibillion-Dollar Suit Now Targets Lawyer (NYSE:CVX)
American lawyer, Steven R. Donziger, has found himself in the crosshairs of an effort by Chevron to discredit him. Chevron has said that a pollution case judgment against the company in Ecuador was rigged by Donziger, making the claim... More of this article »
IPO for Chrysler Delayed
Chrysler Group has delayed plans for its initial public offering until the first three months of 2014 said Fiat its Italian owner Monday. The automotive company said their underwriters determined it was not a practical to meet the... More of this article »
Privacy Case Settlement To Cost Google $17 Million (NASDAQ:GOOG)
To settle a wide-reaching privacy case over tracking consumers online without their knowledge, Google has agreed to pay $17 million to 37 states and the District of Columbia. While the fine levied is only a fraction of the billions... More of this article »
Bitcoin Up More than 100% in One Week
On Monday, Bitcoin hit an all-time high as investors started to become enamored with the digital currency. The currency was up to $750 on the Mt. Gox exchange on Monday afternoon. That represented an increase of 42% from the close... More of this article »
Boeing Leads in New Orders at Start of Air Show in Dubai
Boeing Co and Airbus SAS have both secured new record orders during the Dubai Air Show’s first day, with Emirates accounting for the majority of the new purchases as it penned deals worth over $100 billion for aircraft that is wide-body. Boeing... More of this article »
Anger At Amazon Rising In Europe (NASDAQ:AMZN)
The attitude towards Amazon in Europe has cooled considerably in recent years. The company is facing difficulties in several European countries. There is continuing labor strife in Germany and France is putting restrictions on the... More of this article »
U.S.P.S. to Deliver Sunday Amazon Packages
The U.S. Postal Service announced that it would deliver packages for Amazon on Sundays in the New York and Los Angeles metropolitan areas at no additional charge. The service will start this Sunday. Next year the service will be available... More of this article »
Chevron Finalizes 50 Year Deal With Ukraine (NYSE:CVX)
Chevron has announced that the company has signed a 50-year agreement with the Ukrainian government to develop oil and gas in the western areas of the country. The announcement disclosed that Chevron is planning to spend $350 million... More of this article »
HSBC Profits Jump 30%
HSBC Holdings the largest bank in Europe by volume announced that its pretax profit for the third quarter had gone up by 30% as it cuts costs and maintained more focus on its markets that were most lucrative. Profit before taxes was... More of this article »
Shell Sees Profits Drop 32%
The largest company in Europe by market capitalization, Royal Dutch Shell, reported earnings that were sharply lower for its third quarter, as weaker profit margins and a disruption in Nigeria, one of the leading production areas for... More of this article »
Quarterly Earnings at Chrysler Up 22%
On Wednesday, Chrysler reported it had net income for the third quarter of $464 million, which was up by 22% from the $381 million the automaker reported during the same quarter a year earlier. Total revenue was $17.6 billion for the... More of this article »
Amazon Still Fails To Make A Profit (NASDAQ: AMZN)
Amazon’s third quarter delighted investors because the company sold vast quantities of things to consumers around the world. Unfortunately for Amazon, it lost money while doing so. The company reported that its revenue was up 24... More of this article »
Fed Prepares Big Banks for Severe Downturn
The Federal Reserve proposed that large banks should keep enough cash, government bonds and other assets on hand in order to survive a severe downturn, like the 2008 financial crisis. The proposal subjects the banks to liquidity requirements... More of this article »
Twitter IPO at More than 26 Times Sales
San Francisco based Twitter is looking for a company valuation of more than 9.5 times its 2014 sales in its November initial public offering, according to new data in one of their filings with the SEC on Thursday. That amount is 27%... More of this article »
Same-Day Delivery Service to Be Presented by eBay in New Way
In order to improve its same-day delivery service, eBay has agreed to acquire Shutl last Tuesday. The move was made to make the company competitive with Amazon, which is the world’s biggest online retailer. Shutl was founded by Tom... More of this article »
In China Starbucks Facing Media Fire
Starbucks Corp has charged customers higher prices in China than in other markets, which has helped the company earn large profit margins, a report said from China Central Television. The largest coffee chain in the world is the most... More of this article »
Amazon Tax Violated Federal Rules
The Illinois Supreme Court rejected a state law Friday that taxes Internet sales. The high court stated that the so-called Amazon tax violated federal rules against discriminatory taxes on online or digital transactions. The Illinois... More of this article »
Occidental Petroleum Selling Shares in North Africa, Middle East
Occidental Petroleum based in Westwood, California is seeking to streamline operations and reduce political risk. The company announced it would sell its minority stake in oil fields in both North Africa and the Middle East as well... More of this article »
Alibaba Approaching Sales of Facebook with Higher Profit
Chinese e-commerce giant Alibaba Group Holding is headed for its initial public offering. It posted its earnings report for the recently ended quarter, which was a way to give a valuation, unlike the way Facebook, Inc when it had its... More of this article »
Profits Up at Coca-Cola
Coca-Cola announced its profits had risen during the third quarter as the biggest beverage maker in the world managed to increase sales despite the up and down conditions in the economy. The makers of Powerade, Vitaminwater and Sprite... More of this article »
Price Jumps from China to India Risk World Growth
Higher costs of food from India to China are increasing prices for one third of the world’s population, adding to the difficult challenge of sustaining the world economic recovery as the outlook dims for growth. China’s consumer... More of this article »
Things to Consider Before Allowing Employees to Telecommute
Technology has made businesses much more efficient, but has the time come for us to work in the comfort of our homes? Are business offices an outdated novelty that need no longer exist? Here are a few things to consider when deciding... More of this article »
Safeway Preparing to Leave Chicago
Stock at Safeway was up during Friday’s premarket trading following the announcement form the supermarket operator that it will move out of the Chicago market by the early part of next year. Safeway said on Thursday it was moving... More of this article »
Oil Prices Played $104 after US Government Was Shut Down
The price of oil dropped a day after the International Monetary Fund cut its forecast for global growth through the end of 2014. Benchmark crude for November delivery declined 3 cents to $103.46 a barrel on the New York Mercantile... More of this article »
Potbelly Gains after IPO
Potbelly Corp. has more than doubled in trading after it priced its initial public offering over the increased range. This indicated investors’ appetite for restaurant chains. The Chicago-based seller of made-to-order toasted sandwiches... More of this article »
Cooper Tires Request Court to Close Deal
On Friday, Cooper Tire & Rubber Co. said it had filed a complaint with a court in the U.S. to close an acquisition worth $2.5 billion with Apollo Tyres of India. The American company wants the court to force the India-based company... More of this article »
Ford Shifts Focus To Chinese Market (NYSE:F)
Ford has decided to turn its attention to growth in the Chinese market. Ford has bet heavily on the mainland Chinese market and is rapidly expanding there. General Motors has thrived in China, thanks mainly to its Buick brand, which... More of this article »
US Department of Labor No to September Payrolls
The US Department of Labor said that the September Payrolls report is one of the casualties of the partial government shutdown. It was scheduled to be released on Friday, October 4. The department hasn’t issued an alternative date... More of this article »
The booming business of crime-scene cleaners
Over the years, we’ve all seen the aftermath of horrific crimes on the TV news. The police tape preventing access and the white tents keeping the location free from prying eyes are familiar sights, but what happens when the sites... More of this article »
Washington Post Completes Sale to Bezos
The Washington Post Co. announced Tuesday that it has completed the sale of the newspaper to the founder and chairman of Amazon.com, Jeff Bezos. It ended the 80 years of local control of the newspaper by the Graham family. The deal... More of this article »
Auto Makers Worried Over Sustaining Sales during Shutdown
Automakers reported strong sales for September that were on pace to set the best annual sales since 2007. However, a collective shiver ran through the entire industry when it contemplated what impact a prolonged governmental shutdown... More of this article »
Amazon to Hire 70,000 During Holidays
Jeff Bezos, the CEO of Amazon.com will hire thousands of employees to help stay abreast of the deliveries from the online juggernaut. The company is making preparations for this prior to the expected busy shopping months during the... More of this article »
Third Job Cut Presented by Siemens
Joe Kaeser became Siemens new chief executive officer last August after he worked as the company’s chief financial officer for seven years. He announced that the company will widen job cuts from an initial plan after it failed to... More of this article »
Mark Cuban to face off with SEC over Insider Trading
Mark Cuban the owner of the NBA Dallas Mavericks was participating in a June 2004 celebrity golf tournament when an email came through from a Mamma.com top executive. The email was from Guy Faure, the CEO of the company and asked Cuban... More of this article »
King.com Files for IPO
The tech sector is now looking forward for the next hot IPO candidate. King.com filed an S-1 document with the Securities and Exchange Commission worth $5 billion. The company’s filing is similar to the one that let Twitter to keep... More of this article »
Blackberry Receives Buyout Offer (NASDAQ:BBRY)
BlackBerry has announced that it has signed a letter of intent to pay shareholders $9 a share in cash to take the company private. The letter of intent for the deal, worth an estimated $4.7 billion, was from a group led by Fairfax... More of this article »
Twitter IPO Leaning Toward NYSE
Twitter might list its shares on the New York Stock Exchange when it goes public. This was seen as a blow to the Nasdaq Stock Market. Getting the high-profile IPO would help the NYSE solidify its allure among new technology companies... More of this article »
New Amazon Tablets have Video Helpdesk
Two new Amazon tablets were unveiled on Tuesday. The high-definition flat board computers have an on-screen live helpdesk feature the online company hopes will give it a leg up over devices from its rivals such as Google and Apple. The... More of this article »