Home » Archive for May, 2013
Man found Dead Hanging from Cliff Covered in Bee Stings
Steven Johnson’s lifeless body was found hanging from a cliff in the Santa Rita Mountains by police. The body of his lifeless dog was found on top of the ridge. Both Johnson and his dog were covered in bee stings. Authorities said... More of this article »
Google Facing Increased Pressure From Competitors (NASDAQ: GOOG)
Search is estimated to be a $22 billion industry and is often considered the most lucrative and influential of online businesses. Now the industry is undergoing some changes. Instead of just pointing users in the right direction, the... More of this article »
McDonald’s Sales Drop Due to Avian Flu Scare
McDonald’s sales at restaurants open more than a year dropped in April, a month after the largest burger chain in the world said its sales dropped 1 percent in the first quarter. The company attributed the 0.6 percent fall to the... More of this article »
Vaccine Costs Reduced for Cervical Cancer in Poor Countries
GlaxoSmithKline and Merck, two of the world’s largest drug makers, have slashed the price of vaccines for cervical cancer in the world’s poor countries. The price cut will deliver the shots to these countries at a cost of only... More of this article »
Job Openings Fall from Highest Level in Five Years
Job openings in the United States dropped in March from the highest level in almost five years. This was a sign that employers were waiting to see how the economy performs as the federal spending cuts take effect. The number of positions... More of this article »
Manchester United Announces the retirement of Sir Alex Ferguson
An era will end on May 18 in Manchester, England. Scotsman Sir Alex Ferguson announced on Wednesday that he would retire when the season ends on May 18, which will end his 27-year reign as manager of the Manchester Red Devils. During... More of this article »
Sprint To Restrict Equipment From China Under U.S. Deal (NYSE:S)
American law enforcement officials seeking to address national security concerns are expected to enter into an agreement with Sprint Nextel and SoftBank, its Japanese suitor, to restrict the combined company’s ability to pick suppliers... More of this article »
Procter & Gamble Revises Profit Forecast Downward (NYSE:PG)
Procter & Gamble Co said that profit would fall more than anticipated in the next quarter. P&G said profit should decrease to $0.69 to $0.77 per share for the current fourth quarter ending in June. Analysts expected the company... More of this article »
HSBC Reports Profits of $8.4 Billion
More quarterly results were announced on Monday and one of those was for HSBC. The bank reported it had its best quarter result in many years, as Britain’s largest bank had profits increase to $8.4 billion, which was close to a... More of this article »
Denver Investors Optimistic about Markets
According to the recent Morgan Stanley Wealth Management Investor Pulse survey, investors from Denver with at least $100,000 in investable assets are optimistic about the growth of the state, United States, and global economies as... More of this article »
Box Office Race Won by Iron Man 3
Disney’s most recent sequel Iron Man 3 took home over $175.3 million for its debut weekend in North America that was spread across 4,352 cinemas. It was the second best debut weekend ever behind just the $207.4 million that The Avengers... More of this article »
Caterpillar to Cut 300 Workers By July
Equipment maker Caterpillar announced Friday that it will lay off 300 more employees in Decatur, Illinois by July. The company said April that it planned to cut around 500 employees at the said facility. The 800 layoffs are around... More of this article »
Middle East Economy Recovering
The Global Economic Conditions Survey gauges finance professionals views around the globe and has revealed that topping the list of business confidence worldwide during the first three months of 2013 was the Middle East. The survey... More of this article »
Taco Bell to Roll Out Low Price Menu
Taco Bell officials said that the fast food chain is set to launch a new $1 Cravings menu that would provide value offerings at lower prices. The chain started testing its new value offerings earlier this year and has changed the menu... More of this article »
Most Men Do Not Need PSA Exam
If a man does not have any prostate risk factors he can go his entire life without needing to take the PSA test, said members of the American Urological Association. In an updated clinical guideline that was unveiled on Friday, urologists... More of this article »
Kraft Foods Reports Earnings and Revenue Above Forecasts
Kraft Foods Group released its earnings and revenue report Thursday that showed results that exceeded analysts’ forecasts. The food company’s shares increased after the release of the report. Its earnings excluded items were 76... More of this article »
New Job Hires Reached 165,000 in April
The U.S. jobs market rebounded sharply in April with 165,000 new jobs, while the unemployment rate fell to 7.5%, its lowest rate in over five years, said the Labor Department on Friday. The jobs figure for April exceeded expectations... More of this article »
Investors Worry about Market Deflation
The yield on the 10 year Treasury note dropped to its lowest level in 2013 to 1.62 percent as traders worry about falling prices. The most recent economic reports showed wage pressures were less than half of what the Federal Reserve... More of this article »