Home » Archive for February, 2015

Microsoft Shuttering Factories in China

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... 
Target Reports Loss during Fourth Quarter

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

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

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 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 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

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 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 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 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

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 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%

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... 
Economy in U.S. Slowed in Fourth Quarter

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...