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Moody’s Sales and Profit Fall, But Beat the Street

Moody’s Corp posted on Friday that its profit had dropped by 7.9% as headwinds from foreign exchange dented the growth in revenue, though both its top as well as bottom lines beat expectations on Wall Street. Raymond McDaniel the CEO at Moody’s said the business expected continued volatility in the market and issued guidance that […]

Two Biotechs End Lull of IPOs

Editas Medicine Inc and BeiGene Ltd, two biotechnology companies priced this year’s first initial public offerings in the U.S. following stock market volatility, which has shut down the market for IPOs for more than a month. If no further stock market concerns take center stage, the pricing of the two IPOs could encourage other companies […]

Aetna Expects Humana Deal To Close In Second Half Of 2016 (NYSE:AET)

Aetna announced on Monday that it expects to close its $35 billion acquisition of Humana in the second half of the year. The deal is currently being reviewed by national and state-based regulators. In a statement from the company, Chairman and CEO Mark Bertolini said that Aetna has been working diligently with regulators on a […]

Ezubao the Online Lender Bilked Investors of Over $7.6 Billion

An online finance company in China bilked its investors of over $7.6 billion, that was spent on lavish gifts, salaries and buried that evidence according to authorities who described it as being a huge Ponzi scheme. These accusations throw a big shadow over the online China finance industry, a lucrative sector that has nurtured global […]

Ford Motor Impresses Investors With Annual Results (NYSE:F)

Ford Motor reported impressive results for fiscal year 2015. The company said that it earned $7.4 billion in 2015. That was a considerable improvement over the $1.2 billion that the company earned in 2014. For all of 2015, the company said its revenue was $149.6 billion, a roughly 4 percent increase from the previous year. […]

Whirlpool Earnings for Fourth Quarter Beat the Street

Whirlpool Corp the largest manufacturer of home appliances in the world, posted 2015 fourth quarter result with earnings from its ongoing business ending at $4.10 per share, which as a jump of 16.5% over the same period one year ago of $3.52. Earnings beat Wall Street’s prediction of $3.90 per share. The company’s bottom line […]

Shell Acquisition Of BG Group Clears Another Hurdle (NYSE:RDS.A)

The acquisition of BG Group by Royal Dutch Shell is one step closer to completion. On Wednesday. Shell shareholders formally approved the acquisition of the BG Group. At a meeting in The Hague, about 83 percent of the shareholders approved the deal. Shell will reportedly pay about $50 billion for the company. The Shell-BG Group […]

Boeing Stock Falls as Sales and Profit Outlook for 2016 Misses

Boeing Co plunged during trading before the bell on Wednesday after the maker of planes said its profit in 2016 would miss analysts’ estimates by over one dollar per share, as it will deliver less planes. Earnings with an adjustment for pension expenses likely will be between $8.15 and $8.35 per share in 2016, said […]

McDonald’s Earnings Edge Up on Strength in U.S., All-Day Breakfast

McDonald’s Corp’s revenue and profit for the fourth quarter easily beat expectations of analysts as the move by the company to breakfast all-day helped to drive its best results for the quarter in the U.S. for close to four years. Signs that the turnaround plan put in place by Steve Easterbrook the CEO was starting […]

Starbucks New Earnings Estimates Fail To Impress (NASDAQ:SBUX)

Starbucks has released earnings estimates for the current quarter that have failed to impress investors and analysts. For the current quarter ending in April, Starbucks expects its earnings per share to range from 38 cents to 39 cents. That is lower than the average estimate of 40 cents a share of analysts polled by FactSet. […]

Home Sales in U.S. Increase More Than Expected

Purchases of U.S. home previously owned increased more than had been expected during December, helped partly by warm weather. The increase wrapped up the housing market’s best year in the past 9 years. Closings of contracts jumped by 14.7%, which is the highest on record, ending the month at an annualized rate of 5.46 million, […]

J.C. Penney to Carry Appliances Again

During 1983, J.C. Penney stopped selling appliances in order to make additional room for apparel in its chain of department stores. Now, the company is bringing stoves, washers and other large appliances for the home back as it seeks to claw its way back and take back sales it lost to rivals. This move is […]

Apple Searching For Solution To Battery Indicator Issues (NASDAQ:AAPL)

In recent weeks, Apple has received a wave of complaints saying the battery percentage indicator on the iPhone 6s and iPhone 6s Plus are not updating correctly. According to users, the battery percentage is not showing the correct amount of charge left. The battery meter is failing to update the percentage displayed, leading to some […]

WhatsApp Ending Annual Fee of $1, Testing Business Accounts

On Monday, at a Munich, Germany DLD conference, the CEO of WhatsApp, which is owned by Facebook, made a few big announcements about the evolving of the messaging app as it nears 1 billion users. The company is planning to drop its annual subscription of 99 cents and will start testing more commercial services specifically […]

Wells Fargo Climbs To 3rd Largest Bank In U.S. (NYSE:WFC)

Wells Fargo has officially passed Citigroup as the nation’s third largest bank by assets. The company officially secured the ranking Friday when it reported assets of $1.79 trillion as of the end of 2015. That figure is higher than Citigroup’s reported $1.73 trillion in assets. The announcement was surprising to few, as Wells Fargo has […]

Walmart to Close 269 Stores Including 154 in the U.S.

Walmart announced that it would close 269 stores, with over half of them in the United States and another large number in its challenging market of Brazil. The stores to be closed account for just a fraction of the 11,000 stores the company owns worldwide and less than 1% of its global revenue. Over 95% […]

General Motors Raises Profit Forecast for 2016, Increases Buyback

General Motors Co has raised its projection for earnings for 2016 by a per share rate of 26 cents, increased its size of a share buyback program and boosted its dividend to begin the year. GM forecast that its adjusted per share earnings would be between $5.25 and $5.75 for 2016. Anticipating higher profits, the […]

Tax Break in Belgium for Multinational Companies Ruled Illegal

On Monday, the European Commission released a ruling that said the corporate break in taxes, which Belgium has granted 35 or more companies, amounting to reductions that in total equal about $765 million, was not legal. The commission, which is the European Union’s administrative arm, did not identify whom the companies were that benefited from […]

Changes Coming To Campbell Brand’s Labels (NYSE:CPB)

Campbell Soup has announced that it will be voluntarily changing its labels to designate ones that contain genetically engineered ingredients. In doing so, the company will become the first major food company to begin disclosing the presence of genetically engineered ingredients in its products. About three-quarters of the company’s products contain ingredients derived from corn, […]

Payrolls Rise in U.S. More Than Expected

Payroll growth soared during December after gains that were stronger in the two previous months, capping the second best year for workers in the U.S. since 1999 and was more evidence of a job market that remains resilient that prompted the U.S. Federal Reserve to increase interest rates. The advance of 292,000 new jobs exceeded […]

Intel Expands Reach Of Curie Modules With Partnerships (NASDAQ:INTC)

Curie, Intel’s button-sized wearable hardware module, will begin shipping this quarter and will cost less than $10. The Curie module was first unveiled a year ago as part of Intel’s next generation of computing. Intel has announced Curie collaborations with hardware makers in the past. Now, the company is announcing partnerships in the athletic and […]

Business Growth in Euro Zone Increased in December

Growth in the private sector of the euro zone accelerated more than what was initially thought during December as companies took on new staff at the quickest pace in nearly five years, showed a survey Wednesday. The increase in activity came at the cost of price cutting by companies once again, showed the Purchasing Managers […]

Under Armour Unveils Range Of Fitness Devices (NYSE:UA)

Under Armour is jumping feet first into the fitness wearable device market, unveiling a wide range of products geared towards fitness fans. The Baltimore-based athletic apparel company announced five different fitness devices, all coming this year. Under Armour has announced the launch of the UA HealthBox in partnership with tech giant HTC. The UA HealthBox […]

Gasoline Prices Expected to Stay Lower Than $2.55 Per Gallon

There is excellent news for automobile drivers as they start the New Year. Gasoline prices are currently very low and are predicted to stay low throughout the entire year of 2016, say a report released by AAA. AAA, the automotive club, compiles price information for gas from across the country. The organization is projecting that […]

AT&T Finalizes Deal For Carrier iQ Assets (NYSE:T)

AT&T has reportedly finalized a deal to acquire certain software assets and talented employees from Carrier iQ, according to revelations by TechCrunch. The financial terms of AT&T’s acquisition of the assets have not been disclosed. AT&T has used the CIQ software across phones on its network for years, mainly to troubleshoot wireless quality for its […]

Gold Not As Bright As Before, Suffers Biggest Slump in 31 Years

The image of gold as being a haven asset has taken a beating with the precious metal capping off its longest slump in over 30 years as bullion backed funds saw sell offs. Futures for bullion dropped for the sixth consecutive quarter, which is the longest slump of its kinds since 1984. This year the […]

Apple Must Pay $476 Million Following Probe for Tax Fraud

Apple Inc agreed to pay authorities in Italy 318 million euros or $476 million to settle a dispute over taxes after the tech giant based in the U.S. was accused by authorities of dodging tax payments. The Italian subsidiary of the company and several of its senior executives were under investigation for tax fraud over […]

Target Announces Gift Card Exchange Program (NYSE:TGT)

Target Corp. has announced the availability of a gift card exchange program in its stores to trade unwanted gift cards for Target gift cards. Target quietly launched the gift card exchange program in most of its stores last month, but will highlight the trade program in its upcoming Sunday circular to attract the attention of […]

Oil Decline Threatening to Revive Income Tax in Alaska

The dramatic drop in the price of crude oil has left officials in Alaska to consider the option of a personal income tax at the state level of which it has not done for 35 years. At one time, the royalties from the oil paid for over 90% of the operations in the state, residents […]

Boeing Fined $12M For FAA Violations (NYSE:BA)

Boeing has missed an important deadline set by the Federal Aviation Administration. The deadline was regarding the submission of service instructions allowing airlines to reduce the risk of fuel tank explosions on hundreds of planes built by the company. For failing to meet the deadline to submit the service instructions, Boeing has agreed to pay […]

Retailers in U.S. Could Miss Holiday Goals for Sales

Retailers across the U.S. have struggled with meeting just the slightest increases in sales goals for the holiday season this year after Super Saturday the week before Christmas did not live up to the nickname it was given, said an research groups in the retail industry. The Saturday, prior to Christmas or December 19, is […]

Apple Critical of Plans by Britain to Extend Surveillance Online

Apple raised a number of concerns about the plans by Britain to give its security agencies extra power for online surveillance, saying that a planned law would weaken the security of personal information for many millions of people. Last month, Britain unveiled a number of proposals for sweeping powers including the right to determine what […]

No Decision Yet On General Electric Relocation (NYSE:GE)

General Electric has announced a postponement on its decision to relocate its corporate headquarters. General Electric has been weighing a move of its corporate headquarters out of Fairfield, Connecticut, where the company is currently based, since earlier this year. The company said that it would reach and announce its decision next month. No reason was […]

Life Without WhatsApp Began But Quickly Came to an End

One day after a judge in Brazil ordered the full suspension of the cellphone chat and voice app WhatsApp for 48 hours, which cutoff millions from one of the most popular communications services in the country, another judge ended the ban by overruling the first. Brazilians expressed outrage and black humor while tech giants were […]

General Electric Gives First Financial Forecast For 2016 (NYSE:GE)

General Electric has released its first financial forecast for 2016. The company says that it expects slow growth next year, but is predicting that it will be able to deliver double-digit gains in earnings per share. The company is estimating that operating profits will fall between $1.45 to $1.55 a share. The average estimate of […]

Rite Aid Sales Increase, Meets Profit Expectations

Rite Aid Corp announced that its revenue for the third quarter increased by 22% as its sales at same stores grew even though the company introduced new generic drugs. The third biggest chain of drugstores in the U.S. agreed to a takeover by Walgreens Boot Alliance the No. 1 chain in a deal worth $17.2 […]

For First Time in Past Four Months UK Inflation Above Zero

The UK inflation rate moved back to above zero during November for the first time in the past four months, a move that leaves the rate a long distance from the target set by the Bank of England. Prices increase on an annualized rate was 0.1% for November, after dropping by 0.1% during October, said […]

SiriusXM Shares Rise On News Of Howard Stern Deal (NASDAQ:SIRI)

SiriusXM announced the renewal of its contract with Howard Stern on Tuesday. The new contract extends Mr. Stern’s time with his signature radio show for five years. The new deal takes effect at the start of 2016. Shares of Sirius XM Holdings rose 1.75 percent after the announcement to close at $4.07 on Tuesday. According […]

AstraZeneca Discussing Buyout of Developer of Cancer Drug

AstraZeneca PLC currently is holding advanced talks to acquire Acerta Pharma BV a little known biotech for $5 billion and its promising drug for cancer, according to those close to the situation. The drug maker in the UK is attempting to rebuild its drug pipeline as other treatments have lost their patent protection. The two […]

Men’s Warehouse Could Miss Profit Projection for the Year

Men’s Warehouse announced on Wednesday it might miss its projection of profit for the year if sales at Jos. A. Bank do not increase during the current holiday season. Shares on Wednesday fell to a low of five years and in after hours trading dropped another 15%. The company swung to a loss during the […]

Walmart Launching Walmart Pay Service This Month (NYSE:WMT)

Walmart is jumping into the next generation of consumer convenience with a mobile payments service called Walmart Pay. The new service allows customers to shop at their local Walmart with just their smartphone. Neil Ashe, Walmart’s e-commerce chief, says that the service is fast, easy and secure. Walmart Pay will be integrated into the company’s […]

Apple Unveils Battery Cases for iPhone 6 and 6S

The iPhone by Apple has long been a source of anxiety when it comes to its battery. Some battery cases by third parties have ease the worries users have by offering some extra juice just when needed However, now Apple has gone and unveiled its own iPhone 6 and 6S Smart Battery Case by quietly […]

Procter & Gamble Shakes Up Its Ad Business (NYSE:PG)

Procter & Gamble is seeking to transform its ad business as it moves the bulk of its North American media buying and planning business from Publicis Groupe to Omnicom. The company says it made the decision as part of an effort to reach more consumers as audiences have fragmented. The overall goal is to be […]

First China Made General Motors Import in U.S. by Mid-2016

By the middle of next summer, the small SUV Buick Envision will go on sale in the U.S. as the first General Motors model that is imported from China that will sell in the U.S. market, said the automaker late last week. In August, it was reported that during 2017 most of the U.S. sales […]

Obesity Treatment Trial Stopped Following Second Death

Zafgen Inc announced that the U.S. Food and Drug Administration has put it late stage trial testing for an experimental obesity drug on complete hold after the second death of a patient during the trial. Shares at the company fell by 7.4% in late trading on Wednesday after the closing bell after dropping 60% during […]

Apple’s Larger Smartphones Reshaping Holiday Shopping

Holiday shoppers are not only abandoning the crowded stores to shop online. Shoppers are also putting tablets aside and buying online using larger smartphones like the iPhone 6 Plus by Apple. Spending online through the use of a smartphone has surged over 75%, surpassing the purchases that are made using tablets for just the first […]

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, […]