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SpiceJet Short of Aircraft for Flights
SpiceJet Ltd the low-cost carrier will have to cancel over 20% of its daily flights if it does not reach an agreement with lessors for more aircraft by the end of March, a spokesperson for the company said on Saturday. SpiceJet, which... More of this article »
Jobless Claims Fall to Lowest in Past Five Weeks
Less Americans than were forecasted filed for unemployment benefits the past week as improved conditions with the weather ushered in more stabilization in the labor market. Jobless claims dropped 9,000 to only 282,000 for the seven-day... More of this article »
McCormick Profit Drops, Results Beat Street
One Wednesday, McCormick & Co, the seasonings and spices maker reported profit during its first quarter that was down compared to last year, despite a growth in sales, hurt due to charges as well as shrinking margins amidst higher... More of this article »
American Airlines to Join S&P 500
American Airlines Group will become a part of the S&P 500 starting Friday, when it replaces Allergan after it officially is acquired by Actavis in a deal that should be completed on Tuesday. American’s stock on Tuesday opened... More of this article »
Record Deal in Sale of GE Finance
In one of Australia’s largest ever transactions, a consortium of KKR & Co a private equity company, Varde Partners an alternative investment manager and Deutsche Bank agreed to acquire the Australia and New Zealand consumer-lending... More of this article »
Barnes & Noble Tax Bill Take Bite Out of Profit
Quarterly profit at Barnes & Noble missed estimates by analysts as the chain of bookstores invested in its business specializing in college books prior to its spinoff and paid more in taxes. Barnes & Noble, which last month... More of this article »
HBO Streaming Service Launching in April
A new report says that HBO will be launching its own standalone streaming service that will be named HBO Now. According to this new report, the service is to be launched sometime in April in time for the Game of Thrones season five... More of this article »
Miami Mall Will Be Country’s Largest
Triple Five Group mall administrator and holder based in Canada is preparing to construct the largest shopping center in the United States called the American Dream Miami Mall. The organization, based in Edmonton, Alberta already holds... More of this article »
AbbVie Beats Johnson & Johnson for Cancer Therapy
AbbVie Inc through its last minute bid clinched the acquisition for $21 billion for Pharmacyclics, Inc and gained control of blood cancer therapy. North Chicago, Illinois based AbbVie will pay a per share price of $261.25 using a mix... More of this article »
Google Confirms Wireless Service
Google Inc announced it has plans to launch a wireless service in the U.S. This raises a risk of creating tension between the Internet giant and the other wireless carriers that support its mobile Android OS. The service said Google... More of this article »
Microsoft Shuttering Factories in China
Microsoft will close more Nokia factories located in China. The shutdown is seen as part of the global restructuring of Microsoft is carrying out of Nokia after its purchase of the company last year. Microsoft will shutter its Nokia... More of this article »
Target Reports Loss during Fourth Quarter
Target shoppers came through with strong sales for the discount retailer during the fourth quarter. However, earnings at the company dropped as it is preparing to end its business across Canada. Target posted a loss of $2.6 billion... More of this article »
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 »
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 »