Home » Headlines
Losses May By Eminent For American Apparel Investors (NYSEMKT:APP)
Investors in American Apparel are watching nervously to see if the troubles at the company will result in them losing their investment. The retailer recently announced that it does not have the funds to continue operations next year.... More of this article »
Burger King Joins Trend Toward Spicy With Fiery Chicken Fries
Burger chain Burger King hopes some heat helps it finish off its summer with some strong sales. After chicken fries played a big part in boosting sales of same-stores by 6.7% during the second quarter, Burger King will introduce a... More of this article »
Netflix Extends Maternity and Paternity Leave to One Year
Netflix announced last week that it was changing it leave policy for maternity/paternity to give new parents as much time off, which is paid, as they need in the first year following the birth of their baby or when they receive one... More of this article »
Hershey Posts Flat Sales for the Quarter, Forecast Cut
Hershey Co the chocolate maker reported sales that were flat for the quarter for just the first time in over five years, as its volumes dropped in North American due to hikes in price and demand was weaker across China. The maker of... More of this article »
Disney Fails To Meet Expectations For 3Q (NYSE:DIS)
Walt Disney Co. saw its shares fall after the company failed to meet expectations on earnings for the third quarter. In its fiscal third quarter, revenue for the company totaled $13.1 billion, below analysts’ estimates of $13.22... More of this article »
Time Warner Keeps Profit Forecast for Full Year
Time Warner Inc was down over 4.1% as the huge media company kept its profit forecast for the full year unchanged following an earnings report that topped estimates of analysts by a hefty margin during the last quarter. Maintaining... More of this article »
Noble Energy Beats on Profit as Production Increases
Gas and oil producer Noble Energy Inc reported a profit for the quarter that was better than had been expected as higher production was able to offset the huge impact of a drop in the price of crude. Noble announced on Monday that... More of this article »
Bank in Colorado Suing Fed Over Marijuana
A bank in Colorado sued the U.S. Federal Reserve, as the federal agency did not give permission to the bank to provide financial services to businesses that are dealing in marijuana. Denver’s Fourth Corner Credit Union filed its... More of this article »
Whole Foods Hit by Bad Press on Overcharging
Shares at Whole Foods tumbled on Thursday after the grocer posted bad news in its earnings report for the quarter. The company announced soft sales growth in comparable stores, admitting that bad press that surrounded a recent scandal... More of this article »
GrubHub Increases Its Outlook for 2015 as Profit Surges
GrubHub Inc announced on Tuesday that it raised its guidance for the 2015, as the food ordering and delivery online company reported that earnings had soared during the second quarter. For the full year, GrubHub is projecting its earnings... More of this article »
Discovery Communications, Comcast Reach Agreement On Distribution (NASDAQ:DISCA)
Discovery Communications and Comcast have announced that they have reached an agreement on a new distribution pact. The distribution pact regards the carriage of Discovery’s 12 U.S. networks on Comcast cable systems. Those networks... More of this article »
Amazon Passes Walmart in Market Value
When Amazon posted its earnings for the second quarter investors were looking for one thing – profit. Amazon did not disappoint sending the price of its stock up nearly 19% during trading after hours and securing its new place as... More of this article »
U.S. Jobless Claims at a Four Decade Low
The fewest Americans in the past four decades filed last week for benefits of unemployment, continuing to lower the surge of early July that was likely tied to the mid-year shutdowns in factories and vacations at schools. Jobless claims... More of this article »
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 »
Diabetes Affects Brain Function and Thinking Skills
A study that has just been published in the online journal Neurology indicates that people suffering from type 2 diabetes also demonstrate a drop in cognitive skills as well as the ability to regulate their blood flow to their brain.... 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 »
FBI Reportedly Raids Home of Jared Fogle Subway Spokesman
State and federal investigators reportedly served a search warrant at the home of Jared Fogle in Indiana Tuesday morning. Fogle is a spokesman for Subway who famously was able to lose over 200 pounds by eating only the sandwiches made... 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 »
Skinny Jeans Not Just Uncomfortable But Also Dangerous
Skinny jeans have made the headlines recently and not only for good things. A woman in Australia who is 35 apparently was stuck inside her skinny jeans and was forced to be admitted to the hospital according to a magazine. Someone... 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 »
Golden State Defeats Cleveland to Win NBA Finals
The Golden State Warriors defeated the Cleveland Cavaliers in Game 6 of the NBA Finals to win the NBA Championship. It is the first time since 1975 the franchise has won the NBA title. Players formed a mob at center crowd following... 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 »
Instagram Launches Fully Developed Ad Platform
Instagram’s ad business just got a boost thanks to Facebook. Instagram’s Today photo-sharing app is opening up to millions of advertisers potentially interested in sharing ads on the app. The photo-sharing app is very popular,... More of this article »
Alerts Issued by Interpol After Blatter Resigns
On Wednesday, Interpol issued wanted people alerts for four corporate executives and two former senior officials with FIFA, just a day after the surprising resignation of Sepp Blatter the President of soccer’s world governing body. As... 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 »