Home » Business

Four Insider Secrets Your Lender Won’t Tell You About Loans Approvals/Rejections

Four Insider Secrets Your Lender Won’t Tell You About Loans Approvals/Rejections

The couple of hours, days, or weeks between when you apply for a loan and when you get a response are probably the longest agonizing experiences you’ll ever have. Once you send in the application, you’ll start second-guessing... 
All Eyes on the FOMC Meeting in September

All Eyes on the FOMC Meeting in September

The U.S. Federal Reserve is still in talks of a possible rate hike. The most recent comments made by Janet Yellen at the Jackson Hole summit indicated that interest rates would be raise during the Federal Open Market Committee (FOMC)... 
Interest rates hike by US Fed not likely in 2016

Interest rates hike by US Fed not likely in 2016

In December 2015, the US Federal Reserve raised the interest rates for the first time in about 9 years. This marked the beginning of tightening the monetary policy in the US under the leadership of the Fed chair Ms. Janet Yellen. As... 
Peugeot Citroen Planning Three-Step Return to U.S.

Peugeot Citroen Planning Three-Step Return to U.S.

PSA Peugeot Citroen is planning to return to the U.S. market after pulling out of the market during 1991. Now, an official confirmation was given by the automaker based in France for its return to the market. The confirmation came... 
Valeant To File Annual Report By End Of April (NYSE:VRX)

Valeant To File Annual Report By End Of April (NYSE:VRX)

Valeant Pharmaceuticals International Inc. announced plans to file its annual report on or before April 29. The company said it would restate some results from 2014 and 2015 after accounting issues were discovered on its books. It... 
Tax Authorities Starting Probes into People in Panama Papers

Tax Authorities Starting Probes into People in Panama Papers

Governments around the world have started investigating possible wrongdoing by the world’s rich and powerful following the leaking of thousands of documents from a law firm in Panama, which allegedly has showed how its clients laundered... 
Alta and Blaze by Fitbit Ship More than One Million Units

Alta and Blaze by Fitbit Ship More than One Million Units

Fitbit announced that it shipped over one million of its Blaze smartwatches during the first month the wearable was available. The expert in activity tracking revealed as well that its most recent tracker the Alta, has also had shipments... 
Chipotle Prepares To Enter The Burger Industry (NYSE:CMG)

Chipotle Prepares To Enter The Burger Industry (NYSE:CMG)

Chipotle Mexican Grill may be preparing to take on the burger industry with a new offering. Reports are showing that earlier this month, the company filed a trademark for the name “Better Burger”with the U.S. Patent and... 
Takata Stock Tanks as Recall Costs of Airbags Might Be $24 Billion

Takata Stock Tanks as Recall Costs of Airbags Might Be $24 Billion

Takata Corp based in Japan could face up to $24 billion in costs that are related to the recall of its inflators used for airbags, said a reported released on Wednesday. The news sent its shares plummeting by 20% to a new low of all-time.... 
Iconic Playboy Enterprises May Soon Be Sold

Iconic Playboy Enterprises May Soon Be Sold

Playboy Enterprises Inc. may soon be sold for as much as $500 million, according to a person familiar with the matter. Playboy was founded by Hugh Hefner in 1953. The first issue of Playboy Magazine came out when Dwight D. Eisenhower... 
Prices of Gas Moving Above $2.00 Again

Prices of Gas Moving Above $2.00 Again

The national average of gas surpassed the $2.00 per gallon threshold last week for just the first time in more than 83 days. The average price on Sunday for one gallon of regular gas was $2.04, which represented an increase from the... 
No One Noticed Kraft Revamped Its Mac And Cheese (NYSE:HNZ)

No One Noticed Kraft Revamped Its Mac And Cheese (NYSE:HNZ)

When Kraft Heinz made the decision to modify the recipe for its macaroni and cheese, it wanted users to judge the changes on their merits, not expectations. So it did something that few major food companies would be brave enough to... 
Marriott International Given Approval in Negotiations with Cuba

Marriott International Given Approval in Negotiations with Cuba

The Treasury Office of Foreign Assets Control in the U.S. or OFAC has approved a Marriott International application to pursue a business transaction with Cuba, announced the hospitality firm. Marriott International is in negotiations... 
Earnings at Tencent Show Strength of Consumers in China

Earnings at Tencent Show Strength of Consumers in China

The part of the economy in China hardly showing any sign of a possible slowdown is the consumer. Tencent a consumer-faced company in China posted its earnings for the fourth quarter this week that raced past even the rosiest of predictions... 
Jefferies Group Suffers Significant Q1 Loss (NYSE:JEF)

Jefferies Group Suffers Significant Q1 Loss (NYSE:JEF)

Jefferies Group reported a considerable loss in its fiscal first quarter, alarming investors with the depth of the drop. The firm reported that revenue from trading stocks and bonds tumbled 82 percent in the quarter, resulting in a... 
UberEats Has Launched in Los Angeles

UberEats Has Launched in Los Angeles

Uber Technologies strategy that can only be described as hard-charging with breakneck financing is not only scaring taxi drivers. The pioneer of ride-hailing has started to worry those in the business of food delivery, an industry... 
Apollo Global Management To Buy The Fresh Market For $1.36 Billion (NYSE:APO)

Apollo Global Management To Buy The Fresh Market For $1.36 Billion (NYSE:APO)

Apollo Global Management has reportedly agreed to buy gourmet grocery chain The Fresh Market in a deal worth $1.36 billion. Apollo is paying $28.50 in cash for each share of The Fresh Market in a deal that also includes $800 million... 
Two Ignition Switch Cases for General Motors Start This Week

Two Ignition Switch Cases for General Motors Start This Week

People who are suing GM over faulty ignition switches will have two chances this week in Manhattan court to argue the automaker should be accountable for the injuries that occurred as well as the deaths and lost value of the vehicles. Jury... 
Twitter Handing Out Stock and Cash Bonuses to Keep Its Talent

Twitter Handing Out Stock and Cash Bonuses to Keep Its Talent

Twitter has been making its compensation packages for employees much sweeter of late, as a way to retain its talent as the company’s growth in users is stalling and its price of stock is sliding. Four top Twitter executives left... 
Home Depot Proposes Settlement In Data Breach Lawsuit (NYSE:HD)

Home Depot Proposes Settlement In Data Breach Lawsuit (NYSE:HD)

Home Depot has proposed to pay up to $19.5 million to settle a class-action lawsuit brought by shoppers affected by a massive security breach at the retailer in 2014. In that event, hackers used custom-built malware to steal the credit... 
Shareholders Led by Gordon Bethune in United Continental Revolt

Shareholders Led by Gordon Bethune in United Continental Revolt

Shareholders at United Continental are in revolt, led by Gordon Bethune a former CEO at Continental Airlines who is well regarded in the airline industry. Bethune is one of six candidates for director put forward on Tuesday by a pair... 
Oil Prices Now 40% Off Lows of 2016

Oil Prices Now 40% Off Lows of 2016

On Monday, prices of oil rose extended their rally that has taken them off their lows by more than one third, as the tightening supply and an improved outlook globally helped to strengthen the market recovery sentiment. West Texas... 
Meg Whitman Pleased With Quarterly Performance Of HP Enterprise (NYSE:HPE)

Meg Whitman Pleased With Quarterly Performance Of HP Enterprise (NYSE:HPE)

Hewlett Packard Enterprise Co reported better-than-expected quarterly revenue and profit for the first quarter of its fiscal year. The company’s earning results seem to indicate that splitting Hewlett-Packard was the right call.... 
Snapchat Raises Over $175 Million in Latest Round of Funding

Snapchat Raises Over $175 Million in Latest Round of Funding

Snapchat was able to raise over $175 million during a new round of funding from Fidelity Investments as well as other investors, said a source that is familiar with this matter. The investment was an extension of the Series F financing... 
Valeant Taking Blows From All Directions (NYSE:VRX)

Valeant Taking Blows From All Directions (NYSE:VRX)

Valeant has disclosed a flurry of bad news for the drugmaker in recent days. Last week, the drugmaker said it would restate its earnings for 2014 and 2015 after uncovering accounting problems. Then, since Sunday, the company has yanked... 
Sales at Lumber Liquidators Drop More Than Originally Thought

Sales at Lumber Liquidators Drop More Than Originally Thought

Lumber Liquidators Holdings reported a sales drop that was bigger than had been expected for its third consecutive quarter as it is struggling to revive sales demand following a report that some of its imported laminated flooring contained... 
Activision Blizzard Spends $5.9B To Become Biggest Global Gaming Network (NASDAQ:ATVI)

Activision Blizzard Spends $5.9B To Become Biggest Global Gaming Network (NASDAQ:ATVI)

Activision Blizzard has announced that its acquisition of mobile game developer King Digital Entertainment has been completed. According to reports, the company paid $18 for each outstanding share, for a total buyout price of $5.9... 
Gap Forecast for Profit Comes Up Short of Expectations

Gap Forecast for Profit Comes Up Short of Expectations

Gap Inc the apparel retailer posted a profit forecast for the full-year that came up short of estimates by analysts as it continues to struggle with weak sales in Gap and Banana Republic brands and from the strong U.S. dollar. Shares... 
Revenue at Lowe’s Jumps during Fourth Quarter

Revenue at Lowe’s Jumps during Fourth Quarter

Lowe’s Cos revenue during its fourth quarter beat expectations while its outlook for profit for 2016 did as well amidst a recovery in the housing market that has sent more do it yourself home owners into their stores. Winter weather... 
HSBC Posts Loss for Fourth Quarter, Under Scrutiny by SEC

HSBC Posts Loss for Fourth Quarter, Under Scrutiny by SEC

On Monday, HSBC posted a loss for its fourth quarter and warned that it was being investigated by the Securities and Exchange Commission for hiring candidates that had ties to officials in governments in the region of Asia-Pacific. The... 
Sales at Kering Top Estimates as Growth Returns to Gucci

Sales at Kering Top Estimates as Growth Returns to Gucci

Kering SA the maker of luxury goods based in France reported revenue growth for the fourth quarter that beat estimates on Wall Street as its Gucci brand started to show signs of turning around under CEO Marco Bizzarri and Alessandro... 
Apple Fights The FBI On Decryption Demands (NASDAQ:AAPL)

Apple Fights The FBI On Decryption Demands (NASDAQ:AAPL)

A fight between Apple and the Federal Bureau of Investigation has reached a new level. At issue is the company’s refusal to help “unlock” an iPhone used by one of the two attackers who killed 14 people in San Bernardino,... 
AT&T Investing More In Infrastructure And Employees (NYSE:T)

AT&T Investing More In Infrastructure And Employees (NYSE:T)

AT&T has a number of futuristic plans for the company and its network and is planning on bringing its workers along for the ride. Randall Stephenson, AT&T’s chairman and chief executive, is trying to reinvent the company... 
SoftBank Announces Share Buyback Worth $4.4 Billion

SoftBank Announces Share Buyback Worth $4.4 Billion

SoftBank Group Corp based in Japan announced on Monday a share buyback of $4.4 billion as troubles at Sprint Corp its U.S. mobile carrier weigh down its shares. The share buyback worth $4.4 billion or 500 billion yen would be the biggest... 
Retail Sales in U.S. Increased During January

Retail Sales in U.S. Increased During January

An increase in retail sales during January marked the third consecutive month of increases as Americans started the new year by spending more freely on vehicles, online merchandise and clothes. The gain of 0.2% matched the advance... 
Coca-Cola Beats Expectations For The Fourth Quarter (NYSE:KO)

Coca-Cola Beats Expectations For The Fourth Quarter (NYSE:KO)

The Coca-Cola Company has reported fourth quarter earnings that managed to beat Wall Street’s expectations. For the final three months of the year, Coke earned $1.24 billion, or 28 cents per share. After excluding one-time items,... 
Asahi Negotiating to Buy Grolsch and Peroni from AB InBev

Asahi Negotiating to Buy Grolsch and Peroni from AB InBev

Asahi Group Holdings are in exclusive talks with brewing giant Anheuser-Busch InBev to buy Grolsch and Peroni beer brands for $2.9 billion or 2.55 billion euros, as the brewer based in Japan seeks growth outside a domestic market that... 
Yahoo Announces Further Job Cuts In Streamlining Effort (NASDAQ:YHOO)

Yahoo Announces Further Job Cuts In Streamlining Effort (NASDAQ:YHOO)

This week, Yahoo announced that it would lay off an additional 15 percent of its 11,000 employees in the coming months. By the end of the cuts, the company would have cut its work force by about 42 percent from 2012. Yahoo has also... 
Moody’s Sales and Profit Fall, But Beat the Street

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... 
Two Biotechs End Lull of IPOs

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... 
Ezubao the Online Lender Bilked Investors of Over $7.6 Billion

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

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... 
Whirlpool Earnings for Fourth Quarter Beat the Street

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

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... 
Boeing Stock Falls as Sales and Profit Outlook for 2016 Misses

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

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

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.... 
Home Sales in U.S. Increase More Than Expected

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... 
J.C. Penney to Carry Appliances Again

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... 
WhatsApp Ending Annual Fee of $1, Testing Business Accounts

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...