Home » Archive for February, 2015


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...
Many Greeks Not Happy With New Government
The equity markets in Europe might be happy about a deal that extended the aid for Greece by another four months, but many of the ordinary Greeks feel their new government backtracked from the promises it made to eliminate the bailout. The...
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...
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...
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...
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...
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...
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...
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,...
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...
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...
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...