Home » Archive for October, 2014
Gilead Sales Double, Profit Triples
Gilead Sciences Inc the maker of Sovaldi the drug for hepatitis C said this week that its net profit for the third quarter had tripled, while overall product sales doubled. This was despite a drop in sales of Sovaldi as patients and... More of this article »
Problems at Port Threaten Retailers in U.S. for Holidays
A lack of transportation equipment and the possibility of labor disruptions at the Long Beach/Los Angeles port complex, the busiest in the nation, is delaying for as long as three weeks shipping containers, threatening the timely delivery... More of this article »
Airline Profits Surge in Third Quarter
Airline stocks in the U.S. rose, extending one of the biggest rallies in the industry this year, after United Airlines and American Airlines led four air carriers in exceeding estimates for their quarterly profit. Alaska Air Group... More of this article »
Verizon Posts Higher Revenue and Net Income
On Tuesday, Verizon Communications reported higher revenue and net income for its third quarter. The company was helped by stronger growth in wireless subscribers and a demand for its internet service such as its high speed FiOS. Verizon,... More of this article »
Electrolux Experiences Weak Growth Across Europe
Electrolux the global maker of home appliances announced a note of caution about its business in Europe by predicting the market growth at its low end of its financial forecast after it reported quarterly profit that was slightly better... More of this article »
Anonabox Suspended on Kickstarter Following Scam Accusations
Anonabox has had its donations frozen on Kickstarter as the Internet router, which is designed to make the user’s activity online anonymous, has received increased backlash. This suspension comes following the privacy tool’s huge... More of this article »
Roche Posts Flat Sales for 9-Months of 2014
Roche Holding AG the Swiss drug maker announced flat sales for the first 9 months of this year, but said on Thursday its results showed strong demand for its drugs for cancer and its new emerging products. Roche, which is based in... More of this article »
JPMorgan Reports Profit on Easing Legal Costs
JPMorgan Chase & Co has reported a profit for the third quarter, as the largest bank in the U.S. moved beyond the huge legal costs that caused the behemoth financial institute to post a loss during the same quarter one year ago. The... More of this article »
Manufacturer of Sapphire Screen Wants Contract With Apple Dropped
GT Advanced Technologies one of the suppliers for Apple of its sapphire screens urged a Friday bankruptcy court to free it from the contract it has with Apple. The touch screens that are sapphire from the manufacturer are a hugely... More of this article »
Profit Falls at Family Dollar on Price Cuts
Family Dollar Stores Inc , the discount retailer currently at the center of a takeover battle involving three companies, reported its earnings that did not meet expectations of Wall Street analysts after its price cuts trimmed profit... More of this article »
Retail Sales in U.S. to Reach High of Three Years
Retailers in the United States are expecting sales during the holiday shopping season to increase by 4.1% this year, to reach as much as $617 billion. Expectation is that more shoppers earning steadier incomes will spend more money... More of this article »
Factories in Germany See Orders Drop 5.7%
Factory orders in Germany took a nosedive during August, signaling that the remainder of the year could feature less that strong economic output and it could even stagnate, said experts. The index fell more than 5.7% in adjusted monthly... More of this article »
Record Exports in U.S. Narrows Trade Gap
The United States trade deficit shrank unexpectedly in August to its lowest level in over seven months thanks to exports moving up to a new record. The gap was narrowed by 0.5% to just over $40.1 billion, which is the smallest it has... More of this article »