Home » Archive for July, 2013
AT&T Offering Option for No Contract
AT&T will start offering its wireless customers an option to not sign contracts and receive more upgrades if they are willing to pay the full price for a smartphone. This allows the carrier to cuts its cost of subsidizing smartphones,... More of this article »
Essilor International SA Rating Reiterated by AlphaValue (ESL)
Essilor International SA (EU:ESL)‘s stock had its “reduce” rating reaffirmed by stock analysts at AlphaValue in a report issued on Thursday, Stock Ratings Network.com reports. They currently have a €77.80 ($103.73)... More of this article »
US Airways Shareholders Approve Merger with American Airlines
Shareholders of US Airways have given their approval to the pending merger with American Airlines. The step will give the company a step towards becoming the biggest carrier in the world. US Airways CEO Doug Parker made the announcement... More of this article »
Microsoft Slashing Pricing on Tablets
Microsoft announced it would slash the prices of all its Surface RT tablets because sales have fallen. Each model of the RT tablet will have a discount of $150 as Microsoft attempts to bring in more customer in the increasingly competitive... More of this article »
Twinkies Presented At Wal-Mart Shops
Twinkies come back to Wal-Mart stores ahead of schedule. The retailer said that it will start selling the cakes at around 1,600 locations beginning Friday. The retailer added that around 3,000 of its 4,000 stores in the United States... More of this article »
India Ends Telegram Service
After more than 162 years, the telegram service inside India was stopped. Thousands of people from India jammed into the telegram offices Sunday to send one last souvenir message to family or friends before the service was discontinued. Sunday... More of this article »
UPS Cuts 2nd Quarter Outlook
UPS reported that its second quarter earnings will be lower than its previous expectation as customers opted for cheaper options as well as an oversupply in the air freight business. The logistics and package delivery company said... More of this article »
Earnings Forecast Cut by UPS for 2013
The biggest package delivery company in the world, the United Parcel Service Inc lowered its 2013 forecast for earnings, saying the U.S. economy slowdown has hurt its revenue and profit for the second quarter. After the announcement... More of this article »
US Budget Surplus Breaks Record in June
The US government got budget surplus in June, which is the latest indicator of improving finances that could decrease the urgency in Congress to reach a compromise regarding increasing the borrowing limit of the nation. The government... More of this article »
Nokia Launches Lumia 1020
Nokia has launched its new 41-megapixel Lumia 1020 cameraphone operating on the operating system Windows Phone. Nokia’s newest handset places a great deal of emphasis on its photographic capabilities, as it has a second-generation... More of this article »
US Retailers Agree to a Factory Safety Pact in Bangladesh
17 retailers and clothing makers from the United States have agreed to a five year pact with the goal of improving conditions at Bangladesh apparel plants. Some of the companies include Target, Walmart, and Gap. The companies agreed... More of this article »
Ex-Police officer testifies in his Murder Trial
As he wiped tears from his eyes and sweat from his brow, a former police officer from Albuquerque, who is accused of murdering his wife, testified on the witness stand. He offered an emotional testimony in his trial that has been marked... More of this article »
Global Economic Growth Slower than Anticipated
According to the International Monetary Fund report released Tuesday, global economic growth will be slower than expected in 2013 and the next year due to the weaker consumer demand in emerging markets as well as the recession in the... More of this article »
Blackberry CEO Admits to Flaws in U.S. Release of Phones
Thorsten Heins, the CEO and President of Blackberry, on Tuesday acknowledged that the businesses new line of smartphones, which originally were promoted by Heins as something that would revive the brand, had a U.S. release that was... More of this article »
Disney Revamps Classic Beach Movie For New Audience (NYSE:DIS)
Disney Channel has decided to gamble on a movie genre that used to be popular when your grandparents were kids. Next month, Disney’s young viewers will be introduced to the beach party film. Beach party films, like “Beach Blanket... More of this article »
Reasons to Embrace the Onesie Now
There are some fashion trends you just can’t escape, and the ‘onesie’ is one of them. They’re everywhere: designer boutiques, high-street stores, online retailers, eBay, Gumtree, reality TV, magazines, music videos… The thing... More of this article »
CEO at Barnes & Noble Resigns
The CEO at Barnes & Noble, the U.S. chain of bookstores, resigned amidst negative sales figures of the chain’s Nook tablets and other electronic devices. William Lynch’s resignation comes only days after the bookstore chain... More of this article »
Crude Options Volatility Remains near Highest Level
Crude options volatility remained near its highest level, which it reached last April. Futures closed at a 14 month high. These were attributed to the strong job gains in the US and the unrest in Egypt. Implied volatility for at-the-money... More of this article »
Make the most out of your favorite Baseball team’s games this season
Now that baseball season is back in full swing again, and summer is in full effect, it is really time to gather the boys around the TV to root for your favorite team a couple times a week. Usually this ends up happening at the house... More of this article »
Murray now looks to earn more Slam titles
On Sunday, Andy Murray became the first man from Britain to win the men’s Wimbledon singles title in 77 years. In the final, he took apart Novak Djokovic the No. 1 player in the world. He won the U.S. Open last year as well and a... More of this article »
Morningstar Reports Credit Card Data Leak
Morningstar said that personal data, such as credit card details, of around 2,300 users of the company’s Morningstar Document Research service have been compromised because of a security breach last year. The company said that the... More of this article »
Seconds Prior to Crashing, Passengers aware they were too low
Flight 214 on Asiana Airlines was only seconds away from touchdown when passengers were able to sense something was dangerously amiss. The plane was on its approach to San Francisco Airport under a clear sky, but was too low. One passenger... More of this article »
Even With New Release, BlackBerry Posts Loss (NASDAQ:BBRY)
Despite the release of a highly anticipated new line of phones, BlackBerry posted another loss for the latest quarter. In the first full quarter of sales after the release of new models, BlackBerry reported that it shipped 6.8 million... More of this article »
Newsreader Reportedly Being Developed By Facebook (NASDAQ: FB)
Facebook, the world’s largest social network, has announced plans to develop a new mobile device that will highlight and showcase news from Facebook users and media organizations. The device is designed to offer news items that a... More of this article »
Gold Drops as Dollar Rises due to Jobs Report
Gold futures dropped to a week low as the dollar increased to its highest level in three years after the release of the jobs report that showed US payrolls went up more than the estimates in June. This fueled speculations that the... More of this article »
Howard Spurns Lakers leaves for Houston
Dwight Howard made his final decision on Friday as to where he will play next season in the NBA. The Los Angeles Lakers are not happy with his decision nor are the Dallas Mavericks or the Golden State Warriors. However, the Houston... More of this article »
Bond Withdrawals Could Lead to Opportunities
Investors have a lot to be concerned about the bond market. Yields are increasing and prices have dropped. Investors are withdrawing their money out of bond funds at an alarming rate. There are questions where the money will go to... More of this article »
Nestle and Danone Investigated by China
China is currently investigating foreign companies that produce milk-powder including Nestle SA and Danone for the possible violation of laws regarding anti-monopoly and for having too high prices, according to a report from an unnamed... More of this article »
Oil Price Increase to Impact Stocks and Economy
The price of crude oil reached its highest level in over a year. It traded above $1.2 per barrel due to the problems in Egypt as President Mohammed Morsi pledged not to resign despite the demands of millions of protestors. Stock market... More of this article »
Udall’s Lifeless Body Found in Wyoming
A team searching for James Udall, the son of Morris Udall found his body in the Wind River Range in Wyoming Wednesday after the hiker did not return from a backpacking trip he had taken alone. Udall, who was 61, was raised in Tucson,... More of this article »
Investors Withdraw $9.6 Billion from Pimco Fund
Investors pulled $9.6 billion from Pimco’s flagship Total Return bond fund in June. This was a sign how increasing interest rates have made bonds unattractive to investors. The amount was the largest monthly outflow since Morningstar... More of this article »
Antidepressant for Hot Flashes Approved by U.S. Regulators
Paroxetine, from Noven Pharmaceuticals, has been approved by the U.S. Food and Drug Administration. Paroxetine is a SSRI – selective serotonin reuptake inhibitor – to treat hot flashes that are moderate up to severe in women... More of this article »
US Manufacturing Goes Up as Orders Increase
Manufacturing in the United States went up in June as orders increased. Factory reports from Japan to the United Kingdom indicated stabilization in the global economy. According to the Institute for Supply Management, US manufacturing... More of this article »
Top Bank Managers at Vatican Bank Resign
The top two managers of the Vatican Bank, which has been scandal plagued, have resigned after a high-ranking cleric’s arrest that had close ties to the bank. This is just another of a long line of embarrassments for the Holy See. Paolo... More of this article »
Top Travel Apps for Small Businesses
Travel is vital for most small businesses to achieve success. Travelling can be troublesome without the right knowledge and tools. Now you can get all these via your smartphone. Below are some of the recommended small business travel... More of this article »