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Two Sides of Dispute at Ports on West Coast Reach Agreement
Negotiators have reached a tentative agreement for a new contract covering the dockworkers on the West Coast, which will likely end a long drawn out labor dispute that has snarled international trade at different seaports that combined... More of this article »
Lenovo Used Software to Make Laptops Vulnerable
Lenovo Group based in China, the largest PC maker in the world had virus-like software pre-installed on its laptops that made the device vulnerable to computer hacking said experts in cybersecurity on Thursday. Users first reported... More of this article »
Waste Management Posts Earnings
Waste Management Inc on Tuesday posted its results for the 2014 fourth quarter as well as for the 2014 full year. Revenues for the company’s fourth quarter were $3.44 billion compared to $3.5 billion for the same period in 2013. Net... More of this article »
FAA Hands Out Drone Rules
On Sunday, the Federal Aviation Administration released its long anticipated proposal for the governing of small commercial drones, which sets up a plan for the remote-controlled crafts to share the skies with the many passenger planes. The... More of this article »
Groupon Beats Revenue, Misses On Forecast for First Quarter
Groupon reported fiscal year and fourth quarter earnings for 2014 Thursday afternoon that beat expectations for both its revenue as well as earnings per share. The stock of the e-commerce company based in Chicago were down in trading... More of this article »
WellCare Health Posts Downbeat Forecast
WellCare Health Plans posted earnings guidance for the full year on Wednesday that was downbeat, after a severe flu season that was unexpected dragged on its profit leading its earnings to fall 82% in the quarter that ended in December. The... More of this article »
Alibaba Fighting for Smartphone Market Share in China
Alibaba the e-commerce giant based in China invested $590 million for a stake in Meizu a domestic smartphone maker. The unannounced stake gives the e-commerce giant a solid footing in hardware for YunOS its smartphone operating system,... More of this article »
Futuristic Hotel in Japan Using Robots
In Nagasaki, Japan a hotel has looked to the future and that involves C-3PO turning down the bed. At least, that is the Henn-na Hotel’s goal starting in July. The hotel, with 72 rooms will have a staff that includes 10 robots that... More of this article »
Pfizer Acquiring Hospira to Boost Generic Drug Business
Pfizer Inc, the U.S. based drug maker announced it was acquiring Hospira Inc for over $15 billion to increase its generic drugs and biosimilars, which are copies of biotech drugs. Pfizer has offered cash in the amount of $90 a share... More of this article »
Santander Profit for the Quarter Increases by 68%
Banco Santander SA the largest lender in Spain said its profit increased 68% during the fourth quarter as fewer provisions were set aside for bad loans and the bank’s revenue grew. Net income was up to $1.7 billion or 1.46 billion... More of this article »
Economy in U.S. Slowed in Fourth Quarter
The economy in the United State slowed during the last three months of 2014. However, a burst of spending by consumers and the prospect of a continuation of low energy prices has bolstered confidence that economic growth will be stronger... More of this article »
Chevron Cuts Spending As Profit Plummet
Chevron Corp has slashed its budget for drilling by more than at any time in the past 12 years. The company said it might delay some projects in shale as producers of energy across the globe hoard cash as well as curtail ambitions... More of this article »
H&M Posts Increase in Profit, Planning New Stores
Hennes & Mauritz the Swedish fashion retailer says earnings increased by 12% during the 2014 fourth quarter boosted by growth in China and the United States. Net profit for the fourth quarter was 6.21 billion Swedish kronor or... More of this article »
IBM Disputes Rumor of Huge Layoff
Last week a tech blogger wrote that IBM was scheduling a layoff of up to 26% of its workforce or close to 112,000 workers, in a huge restructuring move. The cuts, wrote the blogger would be predominantly focused on the struggling... More of this article »
Eric Schmidt: Internet Will Eventually Disappear
Eric Schmidt the executive chairman at Google said this week that he predicts the Internet, as we know it will end. When asked at the Davos, Switzerland World Economic Forum what he predicts about the future of the Internet, he simply... More of this article »
Tootsie Roll Shares Up as Wife Takes Over for Late Husband
Tootsie Roll the candy company suffered a big loss on Tuesday, when its CEO for the past 53 years died unexpectedly. Tootsie Roll Industries has been a member since 1922 of the New York Stock Exchange. The company temporarily stopped... More of this article »
China Economic Growth in 2014 Slowest in Two Decades
The economic growth in China slowed in 2014 to 7.4%, which was its weakest growth in close to 25 years. The government has been forecast to slip even further in the upcoming two years. This has added to the headwinds in the global... More of this article »
Website Lets One Anonymously Hire Hackers
The website Hacker’s List allows the user to anonymously hire what it says are professional hackers that will perform hacks that range from getting into a Facebook page and someone’s email to crashing a website and changing someone’s... More of this article »
Luxembourg Slammed by EU over Help Given to Amazon
Luxembourg could be giving online retailer an unfair advantage through its help in slashing the company’s tax bill said the European Commission on Friday. The commission, the highest European Union executive body, has alleged that... More of this article »
JPMorgan Chases See Profit Unexpectedly Drop
JPMorgan Chase announced on Wednesday that its profit had dropped unexpected during a fourth quarter that was described as sluggish. The financial institute posted earnings that were down 7% to $4.9 billion equal to $1.19 per share... More of this article »
Gasoline Cheapest in Six Years Starting 2015
Drivers paid on average of $2.20 per gallon for regular gas at pumps in the U.S. last week. That was the lowest price for this time of the year since 2009, according to a report released on Monday. Prices fell by 26,9 cents over a... More of this article »
Kaiser Bracing for Strike by Thousands
Up to 2,600 mental health workers at Kaiser, including therapists, social workers and psychologists are expected to strike on Monday. That will start a statewide strike of one week that marks an increase in protests over what the workers... More of this article »
Intel Puts Computer into USB
Stick computers do not impress anyone anymore and are nothing new. Inexpensive mini computers from brands that are not popular have run the mobile operating system for Google on inexpensive however highly effective and efficient processors... More of this article »
Oil Drama Causes Weakness in Stocks Across Europe and Asia
Stock markets in Europe came under pressure for the third consecutive session Tuesday as a drop in the price of oil showed no signs of letting up, supporting the safe haven assets like government bonds, the Swiss franc and Japanese... More of this article »
Fast Food Restaurants Resolution is to Change Their Image
Fast Food restaurant chains have proclaimed their New Year’s resolution to be dropping the junk. As the vast majority of people express their distaste for the food they believe to be overly processed, Taco Bell, McDonald’s and... More of this article »
Due to Hacking Issues, Sony Will Extend Holiday Sales for PS
Sony’s big flash and holiday sale at the PS store should be over by now. However, Sony announced that they are going to extend the sales since the PlayStation Network was down for some time, which may have caused a few gamers to... More of this article »
Microsoft Plans to Replace Internet Explorer
Microsoft is creating a completely new, streamlined browser that is going to replace their traditional Internet Explorer, according to many reports, in an attempt to grow and move up closer to popular web browsers like Firefox and... More of this article »
Kodak to Release First Ever Android Phone
When one thinks about photographs, one name in particular usually comes to mind – Kodak. However, the company has been absent for the most part from the photography industry since filing bankruptcy a few years ago. The once king... More of this article »
Keurig Recalls Seven Million Brewing Systems
Keurig had recalled over 7 million Mini Plus Brewing Systems that brew single serve coffee after dozens were injured by spraying liquid that was hot. The group of faulty brewing machines had been produced between 2009 and 2014. The... More of this article »
Sony Says The Interview Will Be Aired
It looked at one time like Sony was bowing down to hackers threats that The Interview could never be released. However, that is not the case, says a Sony Pictures attorney. David Boies said that Sony has only delayed its release. He... More of this article »
Netflix Can Operate As Normal In the Netherlands
European Netflix subscribers can breathe easy. The streaming service for movies can continue operating as normal now that the Dutch patent problem and lawsuit has been kicked out of the court. In October of last year, Netflix had a... More of this article »
Skype Will Translate for You
Voice over communications are evolving every day. They are evolving enough so that the hope is the language barrier can be broken, or that is what is planned. Using different innovations from the research facility at Microsoft, the... More of this article »
Market Basket Ends Family Feud with Closing of Deal
Arthur T. Demoulas has capped the summer battle over grocery chain Market Basket by completing a deal of $1.6 billion on Friday to buy out his cousin and former rival taking majority control of the family operation. Under the new deal,... More of this article »
Xiaomi Facing Smartphone Ban in India
Smartphone company, Xiaomi faces a harsh setback after devices from the company were banned temporarily because of a problem with Ericsson. The company from China might however, do everything possible to reduce the crisis by negotiating... More of this article »
Xiaomi Could Be Starting Sales in U.S. at CES 2015
Xiaomi is the top manufacturer for phones at in China and No. 3 worldwide. The phone maker is now preparing to expand its market into the United States with full force. According to some reports, they are beating Samsung with much... More of this article »
Uber Banned in Delhi Region
The Transport Department in the Delhi region banned the popular hail a ride service called Uber, after a driver was in court Monday for suspicion of raping one of his passengers. The female passenger had fallen asleep while riding... More of this article »
Bebe Stores Confirm Cyber Attack on Credit Card Data
Bebe Stores, the retailer for women’s clothing has just become the most recent in a group of retailers to have suffered an attack on their payment card processing system. The company stated Friday that information containing the... More of this article »
Skype Co-founder Unveils Wire, the Latest Skype Competition
Since it was launched more than ten years ago, Skype has turned into the primary resource used to make Voip calls as well as messages. Microsoft acquired Skype from eBay in 2011 for a hefty $8.5 billion. Now the co-founder of Skype,... More of this article »