Archive for August, 2014

Sales of Tablets Slow as the PC Finds its Footing

Tablets are not going to eclipse the person computer quite as fast as many once thought, says IDC, the International Data Corp, a market tracker. Late last week, IDC cut its shipment forecast for tablets and the two in one flat board that combines laptop and tablets features to 233 million. The tracking company said […]

Tyson Wins Antitrust Approval from Justice Department

Tyson Foods Inc the largest meat processor in the United States won antitrust approval in the U.S. on Wednesday for its purchase of $8.5 billion for Hillshire Brands. To gain that approval for the pending merger, both companies had to agree to sell Heinold Hog Markets, said the U.S. Justice Department. The attorneys general for […]

Amazon Acquires Twitch

Watching video games being played is not only very popular but also apparently extremely valuable. Amazon agreed Monday to hand over $970 million to purchase Twitch, a service that allows users to watch as well as broadcast video games being played. Every month millions of people watch Twitch to see their friends as well as […]

Export-Import Bank’s Future on the Line

In Congress, Republicans want to kill off the Export-Import Bank, while supporters say the agency helps business in the U.S. compete in the global economy. The Export-Import or Ex-Im Bank is a federal agency, which for the last 80 years has been the biggest means of government support for companies from the U.S. trying to […]

Retail Sales Up in Canada, Inflation Cools Off

Consumers in Canada again boosted the economy during June, with a rise in retail sales for the sixth consecutive month, by a stronger than had been expected of over 1.1%, according to date released by Statistics Canada on Friday. The forecast by analysts was for an increase of 0.3%. Stats Canada also revised the increase […]

Lowe’s Sees Earnings Rise But Outlook is Lowered

Lowe’s has reported an increase in revenue and profit for its second quarter on Wednesday, but the retailer that specializes in home improvement lowered its guidance for earnings for 2014. The retailer said it had earned $1.03 billion during its second quarter which was equal to a per share price of $1.04. That was in […]

Dollar General Bids $9.7 Billion to Acquire Family Dollar

The war for dominance of the dollar store retail space heated up again on Monday when Dollar General entered the fray with a bid to acquire Family Dollar. Dollar General has bid a per share price of $78.50 or approximately $9.7 billion to acquire Family Dollar, said the company on Monday in a prepared statement. […]

Kellogg to Require Disclosure by Suppliers of Carbon Emissions

On Wednesday, Kellogg said it would increase its efforts to lower planet-warming emissions through its supply chain in part of its wider initiative that is designed to be much more environmentally friendly. In the plan, the manufacturer of food products based in Battle Creek Michigan will require its key suppliers such as mills and farms […]

BuzzFeed Funds Expansion By Raising $50 Million

BuzzFeed is the recipient of another $50 million, which will help it become a preeminent media company. The infusion of cash from Andreessen Horowitz the huge company for venture capital is the fifth funding round for BuzzFeed and elapses the four rounds, which took in a combined $46.3 million. One of the partner’s at Andreessen […]

Facebook Targeted by Malicious App About Color Change

Facebook, the largest social networking service in the world, is constantly on the radars of hackers. A new app named Facebook Color Change, has tricked users into entering a website that is malicious, through an offer to change the user’s color theme on their profile. The scam was discovered first by Cheetah Mobile an Internet […]

Telefonica Enters Bid for GVT of $8.99 Billion

Telefonica SA the telecom giant from Spain is offering 6.7 billion euros or $8.99 billion in cash and stock for GVT, the Brazilian unit of Vivendi SA, in a deal that would shore up the company’s leadership in the largest market in Latin America. In a prepared statement on Tuesday, Telefonica said that if it […]

LinkedIn Easily Surges Past All Wall Street Estimates

LinkedIn shares spiked more than 11% on Friday as it joined Twitter and Facebook in posting quarterly growth that was strong. LinkedIn was able to ride its gains on strong member growth and in revenues for the second three months of the year. The company also joined its fellow brethren in social media in experiencing […]

Sales at Chrysler Rise 20% in U.S.

Chrysler has posted its strongest sales for July since 2005. The automaker was helped by sales of Jeep. Chrysler Group said its auto sales in the U.S. for July were up by 20%, as the Jeep brand saw another strong period of growth throughout the month. Sales in the auto industry have fared well this […]