Archive for August, 2015

CEO Marchionne Fuels Merger Talks Between Fiat Chrysler and GM

CEO of Fiat Chrysler Automobiles Sergio Marchionne is maintaining his campaign of merging with General Motors. Marchionne publicly has pushed for the consolidation, citing the rising cost of production amongst a number of other reasons, since he oversaw the Fiat and Chrysler merger. He has been eyeing the possible combination of GM and FCA even […]

Consumer Sentiment Declines in U.S. to Low of Three Months

Consumer confidence fell during August to a low of three months as the recent turbulence in the stock market weighed on the outlook of Americans for the economy in the upcoming year. The University of Michigan consumer sentiment index for August fell from July’s 93.1 to 91.9. The projection by analysts averaged 93, which was […]

McDonald’s Says No to McWhopper Offer by Burger King

McDonald’s declined a proposal by Burger King to partner in a McWhopper for world peace. The new burger would have combined the elements of the two chains’ famous Whopper and Big Mac burgers to create the McWhopper a new double-decker burger. These burgers would have been only sold for one day in a franchise that […]

Gas Prices Have Dropped over the Past Few Weeks

Filling up a passenger vehicle in the United States is the cheapest it has been in more than a decade, yet its remains too expensive. The average price of a retail gallon of gas in the U.S. dipped on Sunday to $2.95, which was down 7.4 cents from the week before and was the lowest […]

Smart Shirt by Ralph Lauren Laden with Sensors

The sensor-laden shirts by Ralph Lauren are finally being manufactured in masses providing the masses will pay $295 for the workout shirt. At an event held this week in New York City, the brand revealed the pricing as well as availability for the PoloTech line of apparel made in collaboration with OmSignal a tech startup […]

5 Ways Taking Naps Can Boost Your Career

In a 24/7 culture, many people lose sleep, which hurts lots of careers. Mental fatigue can affect your concentration, memory, creativity and productivity. Several studies support the idea that napping can improve your job performance. A short midday nap can make all the difference between a slow, lethargic work day and a smart, sharp performance. […]

Jobless Claims Rise, But Analysts See Strong Labor Market

Jobless claims have increased for four straight weeks but are still at historical lows. The number of people in the U.S. seeking unemployment benefits for the first time rose just slightly this past week but remained as historical lows, which suggest there continues to be a strong labor market. Initial claims for unemployment, a proxy […]

Walmart Lowers Outlook As Profit Comes Up Short

Walmart the world’s largest retailer cuts its forecast for annual profit as it was hurt from a strong U.S. dollar as well as lower margins across the U.S. The company also was hit on more spending for e-commerce and on wages. The Arkansas based retailer reported that earnings for its second quarter were $1.08 per […]

Travel Delayed as Flights Grounded Due to Technical Problems

Technical problems at a Virginia air traffic control center left many passengers stranded due to hundreds of flights to and from different airports across a large around of the northeast were canceled or delayed on Saturday. The Federal Aviation Administration put the blame for the problem on technical issues at a Leesburg, Virginia air traffic […]

Shares of J.C. Penney Increase on Upbeat Earnings

J.C. Penney shares were up on Friday as the department store retailer continued its effort to turnaround its fortunes by reporting results for the quarter that topped estimates on Wall Street and boosting its guidance for the year. Penney’s stock increased by 8.55% shortly after the markets opened in the U.S. based in the reported […]

GE Selling Healthcare Financial Services to Capital One

General Electric Co reached an agreement with Capital One Financial Corp to sell its healthcare lending business in the U.S. and a large package of loans for $9 billion as part of an effort to streamline its operations. The U.S. based conglomerate said back in April that it would sell the majority of GE Capital, […]

Nokia Prepares Its Mobile Comeback

Nokia is hiring experts in software, testing new products and looking for sales partners as it is setting up its return to the mobile device and consumer tech segment that it abandoned when it sold its mobile handset business. At one time, the largest maker of mobile handsets, the company, based in Finland, was caught […]

Foxconn Planning Investment of $5 Billion into Maharashtra Plant

Foxconn, based in Taiwan, is the largest contract electronics maker in the world and a key supplier for Apple Inc. On Saturday, the company signed a new pact with Maharashtra for an investment of $5 billion over a period of five years for a new manufacturing facility for electronics. The announcement was released by Terry […]

Super Bowl Ads Reach New Record High of $5 Million

The controversial almost hilarious Deflatgate has not let any air out of the sales of the Super Bowl advertising prices, which have reached yet another record high. Advertising for the Super Bowl was already more lucrative than ever before and this season’s game will be no different as it was announced by CBS that 30-second […]

Shire Attempts Hostile Takeover of Baxalta for $30 Billion

Shire launched a $30 billion hostile takeover of all stock for Baxalta, a drug maker based in the U.S. that was spun off recently from Baxter, after its first proposal to the board at the company was rebuffed. Shire, based in Dublin and listed in the UK, said the combination with Baxalta would create a […]

USPS Increasing its On-Demand Delivery Services

When one thinks about deliveries from e-commerce purchases, the focus always seems to turn to FedEx or UPS. However, the United States Postal Service is now delivering close to 40% of the nationwide orders at Amazon, which is more than both FedEx and UPS. The USPS’s infrastructure is set up already to handle same-day deliveries […]