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Swiss Voting on Huge Plan for Gold Buying
In Switzerland, there is a campaign taking place to protect the wealth of the country by investing in gold, a great deal of gold. The Swiss, as a way to test their sense of being financially secure, are requested to vote on a new proposal... More of this article »
What Do Users Really Know About the Internet?
Less than 25% of Americans have learned that the worldwide web and the Internet are not similar at all. A Pew Research study shows that web users in America have different levels of understanding of tech history, famous faces and online... More of this article »
Kmart Employees Fighting for Thanksgiving Day Time Off
Somebody must work Thanksgiving and Kmart has said it does the best it can to staff its stores with those who volunteer to work the holiday. However, hundred of its workers have said that is not enough. Over 600 employees signed petitions... More of this article »
Aereo, the Video Streaming Service Files Bankruptcy
Online video streaming business Aereo, Inc, which is backed by Barry Diller the media mogul, filed this week for bankruptcy protection. The filing Thursday of Chapter 11 came only five months after a ruling by the Supreme Court that... More of this article »
Over 1,000 Users Operate New Facebook Secret Project
It should not be surprising that a form of Facebook for work is currently being designed. Facebook’s employees are on Facebook itself all day and use it for nearly everything: Group chats, talk about documents, to share news... More of this article »
Profit at Home Depots Tops Estimates
Home Depot Inc the No. 1 chain of home improvement stores in the world reported a quarterly profit that was better than had been expected as the improving jobs market has encouraged Americans to spend additional monies on renovations. The... More of this article »
Rumor: Government of U.S. Eavesdropping on Mobile Phones
Reports say that the justice Department in U.S. has a surveillance program that leads to private information from personal mobile phones being collected. A well-known national newspaper reported that this program has been in used since... More of this article »
How New Facebook Privacy Policy will Affect Users
Once again, Facebook wants to change their policy covering privacy. Before they make these changes, they want to let all users of Facebook see what the proposed changes would be. Facebook users can comment on all changes starting... More of this article »
Wal-Mart Spreading Black Friday Across Five Days
The world’s largest retailer, Wal-Mart has abandoned the one-day only frenzy of Black Friday used to give the annual holiday shopping season a jumpstart. Instead the retailer will offer a host of its best offers on toys, television... More of this article »
Samsung Electronics will Build Plant for Smartphones in Vietnam
Samsung Electronics Co based in South Korea has applied for a new license to invest more than $3 billion for the construction of another factory in Vietnam for smartphones, said one official from the government on Monday. The electronics... More of this article »
Berkshire Sees Drop of 9% in Earnings
Berkshire Hathaway owned by Warren Buffett reported a drop of 9% in profit for the third quarter compared to the same reporting period one year ago, when large gains in investments were realized. On Friday, Berkshire said it had earned... More of this article »
Whole Foods Beats Wall Street on Quarterly Profit
Whole Foods Market, the upscale grocer reported quarterly profit that was better than had been expected, as the company increased market share as well as launched some new products. The stock of the largest natural and organic food... More of this article »
Sales of SUVs Help Earnings at BMW
BMW AG the luxury automaker based in Germany saw its net profit drop by 1.2% during the third quarter because of losses that were non-cash on hedges with foreign currency and the lower valued of its share in an important supplier. Otherwise,... More of this article »
Diversity Report: Amazon Workforce Mainly White Males
The fallout from Satya Nadella the Microsoft CEO’s faux pas about raises and women continues, as online retail behemoth Amazon just released a diversity report about its company, showing a breakdown statistically of its workforce. Once... More of this article »
Shares of Exxon Up after Revenue and Profit Beat Street
Exxon Mobil Corp announced its earnings for the third quarter were up by 2.5% as higher margins on refining and more improvements at its marketing and refining segment helped to offset a lower production. Shares were up by 2% during... More of this article »
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 »
Real Name Policy Changed at Facebook
Facebook Inc is changing the way it treats people that do not use their given names on the social media network. The change in policy came about following complaints over the crackdown on the use of pseudonyms by users who are drag... More of this article »
iPhone 6 Available Next Month in China
Apple Inc announced it would start selling its new generation iPhone 6 and iPhone 6 Plus next month in China after it agreed to improve the user privacy and security. The new mobile handsets will be on sale starting October 17, said... More of this article »
RadioShack Stock Up Amidst Signs of Financing
RadioShack Corp, the chain of consumer electronics stores is trying to stave off declaring bankruptcy. Its shares jumped over 45% after Standard General LP an investor said it was amidst talks on getting new financing for the troubled... More of this article »
William Gross Joins Janus From Pimco
William Gross, who was the person responsible for building Pimco into one of the world’s biggest money managers and has been referred to as the bond king, has announced he has quit the company he founded and will now join Janus Capital. Gross’... More of this article »
Bed Bath & Beyond Looking Stronger
On Tuesday, Bed Bath & Beyond announced its earnings results for its second quarter. The results met the expectations of Wall Street for the earnings and beat the expectations for same store sales. Bed Bath & Beyond, as with... More of this article »
Mitsubishi Offers Cermaq $1.4 Billion
Mitsubishi Corp, the biggest trading house in Japan, offered to purchase Cermaq the Norwegian fishery for 8.87 billion kroner or $1.4 billion to expand its food business. The offer represents a premium of 14% of the closing price of... More of this article »
Russian Brewer Will Acquire Pabst Blue Ribbon
Oasis Beverages the Russia based brewer signed a formal contract to acquire American Pabst Brewing Company, which has been in existence for 170 years. The Pabst Brewing Company produces popular beer brands in the U.S. amongst them... More of this article »
United Offering Buyouts of $100,000 to Flight Attendants
The only major carrier in the U.S. to post a loss for a quarter this year, United Airlines, is offering flight attendants a buyout for up to $100,000 as it looks to rein in its costs. Employees accepting the early-exit program will... More of this article »
HSBC Confirms Settlement with FHFA
HSBC Holdings has confirmed it reached a multi-million dollar settlement with the Federal Housing Finance Agency. The bank was the most recent financial institute to settle lawsuits based on mortgage bonds that were filed back on 2011. HSBC... More of this article »
Increase in People Applying for Unemployment Benefits
More people applied to receive unemployment benefits in the U.S. last week. However, the overall number of applications was low during August, according to data released by the federal government. The U.S. Department of Labor reported... More of this article »