Latest News

David Goldberg dies at 47

Best known for being the husband of the COO at Facebook Sheryl Sandberg, Dave Goldberg, died Friday at the age of 47. However, few know he was royalty in Silicon Valley as well. He sold to Yahoo a music streaming company when he was just 33 and he raised over $1 billion for funding SurveyMonkey, […]

Chevron Profit Passes Expectations

Natural gas and oil producer Chevron Corp reported a drop of 43% in profit for the quarter on Friday, although its results were able to beat expectations on Wall Street as cost cutting and robust margins in refining helped to offset the strong impact of oil prices tumbling. The reliance on its refining operations were […]

Time Warner Tops Estimates on Earnings

Time Warner Inc posted revenue and profit growth that was better than had been expected for the first quarter as its programming for March Madness helped to drive a growth in audience in its Turner segment. Time Warner announced that the strength of Time Warner helped offset the declines of operating income at Home Box […]

Avengers Opens With Huge Haul of $201.1 Million Overseas

Marvel and Disney’s super team adventure was the film with the highest grossing weekend everywhere it debuted and has rolled out now in over 55% of the international market, which included such major locations as Italy, France, Germany, Russia, Korea, Australia and the UK. Entering last weekend, Disney projected a debut overseas of between $160 […]

FTC Settles with Company That Tracks Consumers Via Smartphones

The U.S. Federal Trade Commission and Nomi Technologies reached a settlement, after the U.S. regulatory agency says the company did not abide by its promises to allow consumers the option of not being tracked while shopping. This week’s settlement was the first enforcement by the regulator against a company that specializes in retail tracking. Nomi […]

Union Pacific Misses On Profit Following Port Gridlock

Union Pacific Corp the largest railroad in the U.S. posted sales and profit for the first quarter that missed estimates on Wall Street as the port congestion on the West Coast and slack demand for coal caused the number of carloads to decline. Earnings per share of $1.30 missed the estimate by Wall Street of […]

Strong U.S. Dollar Weakens Sales at DuPont

DuPont has topped forecasts for its first quarter earnings, but its sales dropped by 9% after being dragged down by the adverse impacts of currency from the strong U.S. dollar. The company makes and sells chemicals, seeds, and food ingredients across the globe. It reported per share earnings of $1.34, which beat estimates by analysts […]

GoPro Founder Ranked No. 1 as Highest Paid Executive

CEO and co-founder of GoPro Inc, Nick Woodman is set to become North America’s highest paid executive. The former surfer now entrepreneur was given restricted stock units from by GoPro that were worth $284 million at the start of 2015. This made the CEO who is 39, the No. 1 paid American Executive. The executives […]

Airlines Cut Routes to Moscow As Isolation Grows

Carriers have started to scratch flights as the amount of foreigners visiting drops and the plummeting ruble keeps vacationers in the country at home. In 2012, easyJet the discount airline based in Britain beat Virgin Atlantic Airways in a competition for the right to fly from Gatwick in London toe Domodedovo Airport in Moscow, a […]

Segway Purchased by Ninebot a Chinese Rival

Segway has been acquired by a rival from China. Ninebot, based in Beijing established during 2012 announced on Wednesday that it purchased Segway having been accused previously of patent infringement by the U.S. based company. The two-wheeled, electric, self-balancing Segway the personal transporter was launched in 2001. Dean Hamen developed the unit. Segway uses gyroscopic […]