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Gap Profit Lower in First Quarter by 8%
Gap Inc posted a decline in its profit for the first quarter of 8%, as results took a hit from currency fluctuations as well as sluggish sales at its Banana Republic and namesake stores. The company, based in San Francisco however... More of this article »
Yahoo Tries to Calm Down Investors
Yahoo sought to keep investors calm after worries that the Internet giant would have to pay tax on its Alibaba spinoff stake, which sent Yahoo shares lower by close to 8%. The company said late Tuesday that any possible change to the... More of this article »
Verizon Makes Deal To Buy AOL (NYSE:VZ)
Verizon Communications has announced that it has reached a deal to buy AOL for $4.4 billion. The acquisition is just the latest in a series of steps to transform Verizon into a competitive threat across the technology, telecommunications,... More of this article »
Many Probiotics that are Labeled “Gluten Free” Contain Gluten
A number of probiotic supplements have small quantities of gluten. However, whether those traces can be harmful for those who cannot eat gluten remains unknown, said a recently released study. Researchers tested a total of 22 probiotics... More of this article »
Dairy Queen Removing Soda Form Kids Menu
Dairy Queen will start introducing children’s menus that have healthier choices in its different franchises. The decision of removing soft drinks from the menu list for children came from the alarming reports indicating the risk... More of this article »
Nearly Three-Fourths Of Web Users Visited Facebook Last Month (NASDAQ:FB)
According to research from GlobalWebIndex, 73 percent of Internet users visited the Facebook website last month. The number of visits to the Facebook website has remained steady over the last eight quarters, according to the data.... More of this article »
Instant Articles is Launched by Facebook
The long rumored Facebook new platform named Instant Articles launched on Thursday with news content from Blid, Spiegel, BBC News, The Guardian, The Atlantic, NBC, BuzzFeed, National Geographic and the New York Times. According to... More of this article »
Capital Worries Pressure UniCredit
Core capital at the biggest bank in Italy by assets, UniCredit, moved higher during the 2015 first quarter, but not sufficient enough to suppress the jitters of investors, which sent shares lower. The net profit at the bank for the... More of this article »
Digital is Behind Purchase of U-T by LA Times
Austin Beutner has a task of protecting his different print dinosaurs from becoming extinct while nurturing the newer businesses that could someday be there replacements. Beutner is the publisher and CEO of the Los Angeles Times, whose... More of this article »
Intel Helps Chinese Company Create 3D Printed Robot (NASDAQ:INTC)
Intel surprised participants of the annual Intel Developer Forum by teaming up with a Chinese company to create a 3D printed robot based on its iconic mascot. The robot is 1 meter tall and has a host of activities it can complete,... More of this article »
Yelp Stock Surges on Potential Sale Rumors
Rumors that Yelp the service that provides consumer reviews is exploring a possible sale, caused the stock of the company, based in San Francisco, to surge by over 23% on Thursday. A report by a national newspaper prompted analysts... More of this article »
Motorola Solutions Results Top Forecasts
Motorola Solutions the maker of communications equipment reported profit on Tuesday for its first quarter that dropped from the same period last year despite better operating margins, reflecting a loss from its discontinued operations... More of this article »
McDonald’s Speeds Up Refranchising
McDonald’s will accelerate refranchising as well as realign markets in its bid to revive the struggling fortunes at the largest fast food chain in the world, said Steve Easterbrook the CEO on Monday. With only two months at the helm... More of this article »
Scientists Warn Over Chemical in Carpets, Cookware and Coats
In 1961, a toxicologist at DuPont warned his colleagues that the exposure to the company’s popular Teflon chemicals enlarged livers in rabbits and rats. Studies over the decades that followed found no level of exposure that was safe... More of this article »
Exxon Posts Quarterly Report that Beats Analyst Expectations
Exxon Mobil Corporation posted its largest surprise in earnings in over a decade as its output from its oil wells beat expectations and its margins in refining soared amidst lower prices of crude. Profit per share was higher by over... More of this article »
Chipotle Delivery Coming To 67 Cities (NYSE:CMG)
Restaurant chain Chipotle Mexican Grill has announced that it would begin food deliveries in 67 cities through a partnership with delivery startup Postmates. Chipotle has been seeking to gain more traction in the fast casual industry... More of this article »
UPS Reports Increase in Earnings
United Parcel Services announced on Tuesday that its earnings for the first quarter were up 14% boosted by all new pricing initiatives and solid growth in its domestic sector. Earnings beat Wall Street expectations, although revenue... More of this article »
Second Quarter Earnings for Apple Will Be All About China
Apple will be posting its second quarter earnings on Monday April 27 after the close of the financial markets. The quarter is the second complete quarter since it highly popular iPhone 6 entered the market. While the second quarter... More of this article »
IBM Launches New Health Initiative (NYSE:IBM)
IBM is partnering with Apple, Johnson & Johnson and Medtronic to adapt its Watson artificial-intelligence technology for health care. IBM plans to use the Watson technology to create a cloud-based service can collect vast stores... More of this article »
Apple Watch with Low Key Debut
Apple Watch officially debuts today in England, but do not expect any fanfare or the long lines that stretch around a city block at the nearby Apple Store. Apple, which is well known for high profile as well as self-congratulatory... More of this article »
Revenue and Profit at Yahoo Misses Forecasts
Yahoo Inc missed the revenue as well as profit forecasts of Wall Street as a slight amount of growth in its advertising business online was offset by large payments to its partners and websites that send readers to its site. However,... More of this article »
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 »
Amazon Gets Approval To Test Delivery Drones (NASDAQ:AMZN)
The Federal Aviation Administration has given Amazon approval to begin testing its plan for its Prime Air service, which will use drones to deliver products sold by the company to homes and businesses. The FAA told the company in a... 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 »
CDC: Superbugs Will Be Beaten
With a painstaking effort, a set of hospitals in Chicago has managed to lower by half the amount of infections caused by a deadly form of superbug. Health officials in the U.S. now want that campaign to spread nationwide. On Friday,... 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 »
Jets Charge Patriots with Tampering
The NFL’s New York Jets and AFC East rivals the New England Patriots have cornered the vindictiveness market. This week, the Jets filed what is considered a tampering charge in retaliation against the Patriots, according to a number... 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 »
Inexpensive Wine Might Have More Arsenic Than You Think
A box of White Zinfandel and a bottle of Two-Buck Chuck might contain a higher quantity of arsenic than what has become widely considers to be safe, according to a court document from a lawsuit. It is unknown if dozens of other inexpensive... 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 »
Top Athletes from France Killed When Helicopters Collide
Three sports stars from France were amongst 10 people killed in a collision of two helicopters in Argentina Monday night, said authorities. The two helicopters were reportedly heading to a northwestern Argentina gorge to film a reality... More of this article »
Oxytocin Spray Could Be Used for Treatment of Obesity
In nasal spray form, the hormone oxytocin might be used to help treat obesity. The spray lowered the caloric intake in men who were healthy, in particular the consumption of fatty acids following just one dose, says the results of... 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 »