Latest News

Rumor: Headphone Jack to Disappear on iPhone 7

Smartphones can become thinner and thinner. However, at some point one big problem will come into play: the size of the different connections on the handset itself. While it might not be a big issue for certain connections, especially of a standard USB slot can be changed out for a smaller mini-USB or a connection […]

Walmart Workers to Demonstrate on Black Friday

As retailers, employees and shoppers gear up for the start of the biggest shopping day all year – Black Friday – some workers are preparing for a fourth year of protests on Black Friday at dozens of Walmart stores across the United States. Though Walmart raised the wages for employees this past April to $10 […]

Hormel Foods Stock Up on Strong Earnings

Hormel Foods Corp stock was up on Tuesday in early trading before the opening bell after the company posted earnings that were better than had been expected for its 2015 fiscal fourth quarter. Revenue however missed expectations. The food company said its earnings were 74 cents a share during the quarter that ended October 25, […]

Jawbone Slashes 15% of Global Staff, Closes Office in New York

Jawbone announced disappointing news this week. The maker of Bluetooth headsets, speakers and fitness trackers confirmed that it laid off close to 60 workers equal to 15% of its global staff. The layoff affected the worldwide staff for the tech company across all areas and levels of the business. As part of this same layoff, […]

JM Smucker Posts Earnings that Beat Estimates

JM Smucker Co has posted earnings that were better than had been expected on Thursday for its fiscal second quarter. The company, based in Orrville, Ohio posted net income for the quarter of more than $176 million equal to $1.47 a share compared to $158.2 million equal to $1.55 a share for the same quarter […]

McDonald’s to Launch McPick 2 Replacing Dollar Menu

McDonald’s is hoping the catchy, new deal it is launching will be just as popular has the hugely popular Dollar Menu was. Beginning January 4, the burger-chain will launch its new McPick 2 menu, which allows customers to pick two items for $2. The list of items includes a McChicken, McDouble, small fries and mozzarella […]

AstraZeneca Wins FDA Approval for Cancer Drug

A new drug for cancer from AstraZeneca that is designed for lung cancer sufferers whose cancer has worsened following treatments with other forms of therapy, won an early approval in the U.S. Friday, which is a big boost for the drug maker based in Britain. Tagrisso, which is also referred to as AZD9291, is one […]

Steady Jobless Claims in U.S. Equal Healthy Jobs Market

New applications in the U.S. for benefits of unemployment last week remained steady at levels that are consistent with a strong labor market, which could entice the Federal Reserve to increase their benchmark interest rates in December. The initial claims for state benefits for unemployment remained the same at an adjusted rate of 276,000 for […]

Macy’s Struggling As Stock Price Falls (NYSE:M)

Macy’s is continuing to have problems propping up its stock price, alarming its investors. Following the release of the company’s most recent earnings report, Macy’s stock dropped 14.36 percent to reach $40.27. The company attributed the weak results to lower foot traffic in stores as consumers delayed their purchases of winter clothing due to the […]

Alstom and GE Win India Railway Contract for $3 Billion

Indian Railways has signed two multibillion-dollar deals this week for freight locomotives, with General Electric and Alstom. The deals are part of a wider push by India to drive industrialization and improve infrastructure. Under these agreements, GE and Alstom will build hundreds of locomotives for India, in India in a partnership with Indian Railways. This […]

U.S. Agencies Investigating Eli Lilly and Merck Drug Prices

U.S. based pharmaceutical giants Eli Lilly and Co and Merck Co are under investigation by federal prosecutors for their practices of drug pricing, disclosed both companies. The exact reason for the investigations and where both might lead remains unclear. Lilly in a regulatory filing on October 30 said the Attorney’s Office in Philadelphia and the […]

Discovery Communications Top Expectations on Profit

As more revenue at Discovery Communications comes from its overseas operations, it has been hit by the stronger U.S. dollar. The owner of cable channel, whose assets include the namesake station as well as TLC and Animal Plant, has been expanding aggressively overseas in the past few years. In 2014, the company acquired a controlling […]

CVS Health Announces Weak Outlook for Profit

CVS Health Corp has spooked investors by releasing an outlook for weak profit for 2016. This underscores the concerns that its margins would continue suffering from lower rates of reimbursement for the dispensing of medications. CVS shares dropped by 5% in trading early on Friday after the company said that its earnings for 2016 would […]

Google Fleet of Balloons Will Broadcast Internet to Indonesian Islands

Google’s plan of bringing Internet to more than 4 billion people who are currently unconnected is set to be tested next year in Indonesia. Google will use hundreds of balloon from its Project Loon to make Internet accessible across Indonesia, which remains one of the nations least connected across southeast Asia. The tech giant is […]

UPS Profit Beats Estimates but Strong Dollar Affects Revenue

Package deliverer United Parcel Service Inc has posted a profit that that was higher than expected, despite having its revenue weighed down by a strong dollar and reiterated its earnings outlooks for the full year. Executives at UPS said that volumes of packages during the upcoming key holiday shopping season from Thanksgiving to New Year’s […]

UAW Announces Strike Deadline of Midnight at General Motors

A deadline of midnight Sunday looms for General Motors in order to reach an agreement that would stave off a potential strike against the United Auto Workers union. If a deal cannot be reached, thousands of different workers around the nation could be hitting the picket lines. The deadline is midnight, but there is confusion […]

Southwest Tops Profit Estimates for Third Quarter

On Thursday, Southwest Airlines Co posted profit for the third quarter that topped expectations on Wall Street and forecast that its unit revenue would increase during the fourth quarter compared to the same period last year. The budget carrier, based in the U.S., earned over $584 million equal to 94 cents a diluted share, in […]

Verizon Beats Forecasts for the Third Quarter

Verizon Communications’ primary business of wireless provider continued growing at a strong clip during the third quarter. Verizon posted a profit of $4.2 billion for the recently ended third quarter, which was up 9.9% over the same period last year, on sales that reached $33.2 billion beating forecasts. Analysts expected revenues of just over $32.9 […]

Dow Jones Hackers from Russia Were Seeking Tips for Trading

A group of hackers from Russia who infiltrated the Dow Jones & Co servers stole data to trade on prior to it becoming public, according to people who are familiar with the situation. The Securities and Exchange Commission, Secret Service and the Federal Bureau of Investigation are the lead of an investigation of this infiltration […]

Goldman Sachs Misses on Profit Due to Drop in Trading

Goldman Sachs posted a profit that did not meet estimates of analysts for just the first quarter in four years as the turmoil in the global markets took a larger toll on trading revenue than it did at is rivals. Net income for the third quarter fell by 36% to just over $1.43 billion equal […]

AB InBev Finally Comes to Terms with SABMiller

The two largest brewers in the world finally came to an agreement Tuesday to form a company that makes close to one third of the beer in the world, after SABMiller accepted an improved offer from Anheuser-Busch InBev. If this deal goes through, it would rank amongst the top five all-time in corporate mergers and […]

USDA Lowers Soy and Corn Harvest Outlook

The United States government trimmed back its domestic soybean and corn harvest forecasts on Friday, although supplies will remain plentiful, after it reviewed its outlook for acreage harvest. The new outlooks for crop harvest were in line with expectations in the market. Corn production was predicted to be 13.55 billion bushels, based an average per […]

Amazon Launches Handmade to Compete with Etsy

Etsy Inc that has been buffeted by a slowdown in growth and a stock price that is falling now will have to face a new foe known as The online giant based in Seattle will launch on Thursday a new part of its site known as Handmade, which pointed directly at Etsy. Amazon recruited […]

McDonald’s Begins All-Day Breakfast in the U.S.

This gives McDonald’s a chance to say we heard you, we have been listening and were now are responding, said a McDonald’s official regarding its launching of all-day breakfast across the U.S. In fact, the burger giant said it responded to each person that tweeted why can’t there be all day breakfast, or a similar […]

Staples Not Opening on Thanksgiving

Staples would likely not have people camping outside its front door waiting for special deals on paper or office supplies but the retailer of office supply products became the first major retailer of the year to say it would remain closed Thanksgiving Day. Demos Parneros, the president of Staples North American and online stores said […]

Payment Processor First Data Launching IPO

First Data Corp, the processor of credit cards said it is planning to raise as much as $3.2 billion in what might be the largest initial public offering this year in the U.S. The company, which first was spun off by American Express in an IPO during the 1990s, was taken private by KKR & […]

Walmart Expanding Online Grocery Pickup

Walmart Stores Inc is increasing its pickup service for its grocery orders online, pushing deeper into the industry where Target, and Google are all battling for customers. Starting in October, certain Walmart locations in Salt Lake City, Atlanta as well as six other cities in the U.S. will add the free pickup option for […]

Bill Gates Foundation Sues Petrobras for Share Losses

The Bill and Melinda Gates Foundation Trust sued Petrobras in Brazil to recoup losses in stock that stemmed from a scandal involving corruption at the oil company that is state operated. According to complaints filed last week in Manhattan, Petrobras’ money laundering and pervasive bribery scheme was the cause of the trust as well as […]

Samsung Pay Reaches $30 Million in Transactions

It has been launched for just a month, yet Samsung Pay has over $30 million in transactions across South Korea, as the company prepares for its service to open in the U.S. in an attempt to challenge Apple in the mobile payments arena. In the first 20 days of September, Samsung saw transactions reach 1.5 […]

Starbucks Order and Pay on Mobile Devices is Live Nationwide

Starbucks a longtime leader in the industry when it comes to adopting of mobile payments as well as mobility loyalty in-store, has announced that its Mobile Order and Pay system is available nationwide. This service, which enables customers of Starbucks to place an order via the mobile application of the company ahead of their arrival […]

Credit Cards Now Have Embedded Chips

You might have received a new debit or credit card with an embedded computer chip in it recently. It is part of a shift nationwide by the issuers of credit cards to offer additional security against any fraud and to shift the liability from the card issuers to the merchants, if they do not make […]

Starts in U.S. Housing Drop in August by 3%

Home building in the United States slipped during August with declines in both apartment and single-family construction. Housing starts in the U.S. dropped by 3% in August compared to the prior month to an adjusted seasonal rate of 1.126 million for the year, said the Commerce Department on Thursday. Economists surveyed were expecting housing starts […]

Taco Bell to Offer Alcohol in New U.S. Restaurants

Yum Brands Inc’s chain of Taco Bell restaurants will debut next week a new concept of restaurant that eliminates the drive thru as well as adds alcohol. This is an attempt in appealing to the young city, hip dwellers and fight off its biggest rival Chipotle. The first new Cantina restaurants is to open in […]

PS4 No. 1 for August in U.S. Sales

Sony remains ahead, as the Christmas buying season approaches. August is not one of the important months for sales of game consoles but thanks to the annual Madden NFL release, it is not as quiet as Europe’s August sales. EA’s NFL game took its place as usual at No. 1 on the charts with Gears […]

Krispy Kreme Moving into Peru

Krispy Kreme Doughnuts will enter its second market in South America announcing it had signed a franchise agreement to open 24 stores over the next five years in Peru. The franchise deal has been signed with Agape Coral SAC. The principal owner of the company is Fontana Holdings Business in which the majority interest is […]

Instagram to Accept Advertising Worldwide

Instagram has opened its platform to nearly all advertisers across the globe Wednesday as the app that specializes in photo sharing seeks to generate more money and compete with rivals like Snapchat. Ads, previously only available in eight countries, will now debut in over 20 other countries including Spain, India and Italy, said Instagram. Over […]

European Shares Move Higher Thanks to Mining Companies

Shares in Europe were higher Monday with stocks in the basic resources sector leading the way after commodities and mining trading company Glencore announced plans of cutting debt and trimming its copper operations in Africa. The FTSEurofirst pan-European 300 index was up over 0.3% by late afternoon. The index closed down by 2.5% on Friday, […]

Apple Ready to Enter Your Living Room

Apple is ready to finally get serious about moving into the living rooms of people. That ambition is ready to be underlined at an upcoming event on Wednesday in San Francisco, when the tech company is planning to unveil a new Apple TV with upgrades. The device is similar to a typical set-top box which […]

Campbell Soup Sees Better Results Due to Higher Prices

Campbell Soup Co announced earnings guidance on Thursday for its just started fiscal year. The new guidance exceeded expectations on Wall Street though revenue and profits for its most recent quarter just met expectations. For the fiscal year 2016, Campbell forecasted per share earnings of between $2.53 and $2.58, while analysts forecasted earnings per share […]

PayPal Launching Payment Service That is Person-to-Person will be the company’s answer to the new payment services of person-to-person. The pioneer of payments online is looking to making it much easier to send as well as receive money from colleagues and friends in 18 different countries around the world. On Tuesday, was launched which is a payment service that is […]

Apple Watch Closing in on Fitbit in Wearables Market Share Race

In only three months, Apple is within striking distance of Fitbit the wearables market share leader, shipping 3.6 million of its Apple Watches. The Apple wearable is preparing to take the top spot in the market of wearable in the upcoming quarters. No, Apple Watch is not completely dominating the market for wearable as of […]

Dalian Wanda Acquires Owner of Ironman Triathlon

Owned by the richest man in China, the Dalian Wanda Group has announced on Thursday it has acquired the organizer for the Ironman Triathlon races, at a cost of $650 million. The move is a push toward diversification of the property developer that might involve yet another purchase this year of a sports related business. […]

Best Buy Surprises with Sales Increase

Best Buy Co, the largest electronics chain in the U.S. posted a quarterly sales increase that was unexpected and said it was expecting that consumer spending would remain strong during the current quarter, which helped send the stock higher by almost 15%. The company, which announced it had benefitted from stronger demand for appliances, mobile […]

Toyota Buying 13 Million Inflators for Air Bags

Toyota Motor Corp in an attempt to lower risk from possible lethal air bag inflators from Takata Corp is buying millions from Nippon Kayaku Co a smaller maker of parts, said people close to the situation. The carmaker from Japan asked the supplier in July to increase its production in order for it to supply […]

John Deere Lowers Forecast for Profit on Decline in Commodities

Deere and Co the largest maker of farm equipment in the world lowered its profit forecast for fiscal 2015 as lower prices of crops weakened the farm economy and less construction machinery was purchased by the energy industry. For fiscal 2015, net income through the end of October will reach $1.8 billion said the company […]

Airbnb Expanding Into China Thanks to Local Help

For large companies on the Internet based in the U.S., the prevailing wisdom for quite some time is that China has been off limits. Concerns of Beijing about not having the ability to control foreign site along with regulation that required the foreign companies to monitor and censor users, had led to a number of […]

Airbus Signs Record Order of 250 New A320neo Jets

Airbus has finalized a huge order from IndiGo a budget carrier based in India for 250 of its A320neo jets, said the jetmaker based in Europe on Monday. Airbus and IndiGo agreed to an order to start for jets in 2014, but their deal was firmed up this week. The deal is huge for Airbus, […]

Tyson Cutting More Jobs Due to Cattle Supply

Tyson Foods has announced it would permanently shutter a beef processing plant in Iowa, the latest attempt by a major U.S. meatpacker to streamline its operations due to a shrinkage in cattle herds in the U.S. The plant closure will eliminate 400 jobs, said Tyson on Friday. A number of years of drought conditions in […]

HTC Cutting 15% of Work Forces Amidst Struggling Sales

HTC the smartphone maker is struggling with its sales and announced it would be cutting 15% of its overall workforce to stave of looses and to revive its ailing business. The company, based in Taiwan, announced the layoffs Thursday after its earnings for the second quarter plunged to a loss of NT$8 billion or US$257 […]

Shake Shack Stock Soaring After Crushing Estimates

On Monday, Shake Shack posted earnings for its second quarter that soared past Wall Street expectations and has caused the stock to explode higher. The company’s adjusted per share earnings were 9 cents, while its revenue reached $48.5 million, with both beating estimates. Sales at same stores were up 12.8% during the quarter, which were […]