Archive for April, 2015

Time Warner Tops Estimates on Earnings

Time Warner Inc posted revenue and profit growth that was better than had been expected for the first quarter as its programming for March Madness helped to drive a growth in audience in its Turner segment. Time Warner announced that the strength of Time Warner helped offset the declines of operating income at Home Box […]

Avengers Opens With Huge Haul of $201.1 Million Overseas

Marvel and Disney’s super team adventure was the film with the highest grossing weekend everywhere it debuted and has rolled out now in over 55% of the international market, which included such major locations as Italy, France, Germany, Russia, Korea, Australia and the UK. Entering last weekend, Disney projected a debut overseas of between $160 […]

FTC Settles with Company That Tracks Consumers Via Smartphones

The U.S. Federal Trade Commission and Nomi Technologies reached a settlement, after the U.S. regulatory agency says the company did not abide by its promises to allow consumers the option of not being tracked while shopping. This week’s settlement was the first enforcement by the regulator against a company that specializes in retail tracking. Nomi […]

Union Pacific Misses On Profit Following Port Gridlock

Union Pacific Corp the largest railroad in the U.S. posted sales and profit for the first quarter that missed estimates on Wall Street as the port congestion on the West Coast and slack demand for coal caused the number of carloads to decline. Earnings per share of $1.30 missed the estimate by Wall Street of […]

Strong U.S. Dollar Weakens Sales at DuPont

DuPont has topped forecasts for its first quarter earnings, but its sales dropped by 9% after being dragged down by the adverse impacts of currency from the strong U.S. dollar. The company makes and sells chemicals, seeds, and food ingredients across the globe. It reported per share earnings of $1.34, which beat estimates by analysts […]

GoPro Founder Ranked No. 1 as Highest Paid Executive

CEO and co-founder of GoPro Inc, Nick Woodman is set to become North America’s highest paid executive. The former surfer now entrepreneur was given restricted stock units from by GoPro that were worth $284 million at the start of 2015. This made the CEO who is 39, the No. 1 paid American Executive. The executives […]

Airlines Cut Routes to Moscow As Isolation Grows

Carriers have started to scratch flights as the amount of foreigners visiting drops and the plummeting ruble keeps vacationers in the country at home. In 2012, easyJet the discount airline based in Britain beat Virgin Atlantic Airways in a competition for the right to fly from Gatwick in London toe Domodedovo Airport in Moscow, a […]

Segway Purchased by Ninebot a Chinese Rival

Segway has been acquired by a rival from China. Ninebot, based in Beijing established during 2012 announced on Wednesday that it purchased Segway having been accused previously of patent infringement by the U.S. based company. The two-wheeled, electric, self-balancing Segway the personal transporter was launched in 2001. Dean Hamen developed the unit. Segway uses gyroscopic […]

Games of Thrones, Marvel and Star Wars Going Mobile

This weekend fanatics for Daredevil the new Marvel series on Netflix, Game of Thrones and Star Wars will all be able to be watched on smartphones, as three of the biggest franchises in pop culture have expanded their brands to another digital frontier. As of Friday, Disney along with 20th Century Fox released the six […]

RealReal the Luxury Reseller Online Raises $40 Million

The RealReal has built a business of $100 million around second hand Christian Louboutin pumps and Chanel flap bags. Now the company wants to double its size using new venture funding to achieve that goal. The online consignment store for luxury items announced Thursday it raised $40 million its venture funding round that was its […]

EE Offering Call Service on WiFi to Compete with WhatsApp

EE the mobile operator based in the UK launched a service for WiFi calls that allows its customers to voice calls and to send out text messages through a WiFi network. The WiFi Calling offered by EE will debut on the new Samsung Galaxy S6 and S6 Edge as well as the Lumia 640 by […]

Apple: No Apple Watch Walk-in Purchases

Everyone knew that the new Apple Watch would be available in limited quantities on the day of its launch, but no one knew just how limited it would be or how long the supply would last. Apple finally has announced a few additional details about the big release date of April 24 of its Apple […]

Startup Hoping to Compete with Lululemon Raises Millions

Rishi and Tapasya Bali who are brother and sister grew up in India in the foothills of the Himalayas, an area often called the birthplace of yoga. Both were working on Wall Street but quit in 2010 to start a new company that would return them to yoga. Their company that specializes in apparel for […]

U.S. Manufacturing Records Fifth Consecutive Slowdown

Manufacturers in the U.S. reported March activity had slowed for the fifth straight month according to an Institute of Supply Management survey released on Wednesday. The manufacturing purchasing manager’s index from ISM dropped in March to 51.5 from February’s 52.9. The index slowed every month since October, when it was sitting at 57.9. Economists surveyed […]