Home » Archive for March, 2014

BMW Investing $1 Billion to Increase U.S. Production

BMW Investing $1 Billion to Increase U.S. Production

German based carmaker BMW announced that it will expand its capacity for production in the U.S. by 50% and introduced a new off-road model. The investment is basically a bet of $1 million on SUVs. BMW said along with the X4 SUV, its... 
Lululemon Misses Estimates for Revenue and Profits

Lululemon Misses Estimates for Revenue and Profits

Lululemon Athletic Inc, the yogawear retailer forecast results lower than expected on Thursday for the first quarter, just the latest hit the Canada-based company has had in the past year after a product recall. The retailer posted... 
Candy Crush Going to Wall Street

Candy Crush Going to Wall Street

Investors have become hungry over initial public offerings and something sweet is in the pipeline for them. The makers of the hugely popular Candy Crush Saga, King Digital Entertainment, is one of more than a dozen companies ready... 
Nike Shares Fall on Outlook

Nike Shares Fall on Outlook

Nike, Inc reported results for the third quarter with gross margins that increased sales growth in each sector and growth in futures orders. However, shares at Nike still fell afterhours on Thursday mainly due to the outlook for the... 
Yuan Slides in China to Low of One Year

Yuan Slides in China to Low of One Year

The national currency of China, the yuan, has fallen to its low of one year on Wednesday. The currency fell beyond 6.2 to one dollar for the first time since last April, amidst speculation in the market that the country’s central... 
Toyota Suspends Production in India as Dispute Continues

Toyota Suspends Production in India as Dispute Continues

Toyota Motor Corp’s India unit temporarily closed two plants that have had production lines stopped by some workers to protest delay’s in increases in salary after negotiations have lasted more than 10 months. The two factories... 
U.S. Sues over Libor Manipulation

U.S. Sues over Libor Manipulation

The Federal Deposit Insurance Corporation in the United State has sued Citigroup, HSBC and another 13 global financial institution heavyweight for their alleged manipulation of the Libor rate. The FDIC sued the banks saying the manipulation... 
Online Fix for Sales Tax Dims in Congress

Online Fix for Sales Tax Dims in Congress

Prospects that federal action to resolve the fight over the sales taxation in states over online retailing dimmed Wednesday in Congress, after one senior lawmaker who is Republican said additional debate was needed prior to any legislation... 
Consumer Prices in China Up 2% for February

Consumer Prices in China Up 2% for February

China has posted in February a lower inflation rate providing consumers with good news, but suggesting the world’s second largest economy was losing some steam prompting analysts to call for support from the government with increased... 
U.S. Economy adds 175,000 Jobs During February

U.S. Economy adds 175,000 Jobs During February

In February, the job market in the U.S. rebounded from a slump of two months as employers increased jobs by 175,000, while the rate of unemployment rose from 6.6% to 6.7%, said the Department of Labor on Friday. The report exceeded... 
Nivea Maker Reports Profits Exceeding Estimates

Nivea Maker Reports Profits Exceeding Estimates

The Nivea skin maker, Beiersdorf AG saw an improvement in margin amidst a push in emerging markets. The company reported profits for the full year that beat estimates and forecast additional gains in its profitability for this year... 
Bond Sales on Wall Street Being Probed by Feds

Bond Sales on Wall Street Being Probed by Feds

The U.S. Securities and Exchange Commission has started an inquiry over claims that large investment banks, including Citigroup and Goldman Sachs, have favored the largest investors in sales of debt from companies including Apple and...