Home » Archive for March, 2013
Justice Department Settles Online Pharmacy Probe with UPS
The U.S. Justice Department announced it had reached an agreement for $40 million Friday to settle charges against UPS that the giant shipping company had done business with Internet pharmacies that were illegal. U.S. officials agreed... More of this article »
Five Month High in U.S. Consumer Spending
In February, U.S. consumer spending climbed by more than at any time in the past five months, due to salary increases signaling a job market improvement is helping to increase demand. Purchase in household, which are nearly 70% of... More of this article »
Mobile Device Ads Boost Twitter Ad Revenue
Twitter will reach close to $1 billion in revenue from advertising in 2014 thanks to a huge surge in advertising on mobile devices, according to new reports that were released late Wednesday. Mobile ads, said the report, will account... More of this article »
Dell Computer Receives more Bids for Takeover
Dell Inc, once the largest personal computer maker in the world, has received two more takeover bids that could be better than the original one received by Dell’s founder Michael Dell last month. The two bids that will compete with... More of this article »
Darden’s Restaurants Profits Drop but beat Wall Street
Profits for the third quarter at Darden’s were down by 18%, as lower sales at Red Lobster hurt earnings. However, the restaurant chain still beat Wall Street estimates. The Orlando, Florida based company said last week that sales... More of this article »
Nike Stock Jumps on Earnings Report
The largest maker of sporting goods in the world, Nike, Inc saw its stock price jump the most in more than 48 months on Friday. The increase was due to investor’s concerns easing over the company profitability and business in China... More of this article »
Blackberry Launching Z10 in States
On Friday, smartphone maker Blackberry, known as Research in Motion until earlier this year, will be launching their new generation smartphone in the U.S. The launch of two new smartphones is the Canadian based company’s last effort... More of this article »
HTC Delays Release of Latest Smartphone
HTC, the Taiwan based smartphone maker, has delayed the release of its latest smartphone due to a sourcing problem with components. With the HTC One now not launching on time, additional pressure is being place on CEO Peter Chou to... More of this article »
Mexico Supreme Court Rules against Apple
The Mexico Supreme Court ruled in favor of a technology services firm upholding a lower court ruling that said the company owns the brand name Ifone and has the right to use it in the country. The small company now hopes to receive... More of this article »
Fiscal Policy Worries Hit Consumer Sentiment
In the first part of March, consumer sentiment plunged to its lowest point since December of 2011. Experts believe the consumers dissatisfaction with the economic policies of the government and fewer people expect improvements to be... More of this article »
VW Targets 60% increase in China Production by 2018
Europe’s largest automaker, Volkswagen AG, announced on Thursday its plans to increase its production of vehicles in China by over 60% in the next five years. The Germany automobile giant last year saw its earnings in China increase... More of this article »
Samsung Spends Much More in Advertising than its Competitors
New data just released this week shows that Samsung spent more than $400 million on billboard, internet, television and print advertising in 2012. The electronics giant, based in South Korea, passed both Apple its biggest rival and... More of this article »
Small Business Optimism Goes Up for 3rd Month in a Row
Confidence among small businesses in the United States increased in February for the third straight month of gains. Company leaders said they are more willing to invest in equipment and inventories. The National Federation of Independent... More of this article »
Apple’s iPhone Increased U.S. Market Share
Apple is on the way up in the U.S., while Blackberry, Windows and Samsung are headed down. Apple led the way for smartphone sales in the U.S. during a three-month period from November of last year through the end of January of this... More of this article »
Google: More Jobs Cuts for Motorola Mobility
Google, the Internet search giant has announced that its unprofitable Motorola Mobility unit continues to struggle in its attempt to compete with the world’s smartphone makers. Google said that up to 1,200 jobs would be cut from... More of this article »
Over 236,000 Jobs Added in U.S. during February
Hiring during February increased in the U.S. to the tune of 236,000 new jobs that helped lower the unemployment rate to just 7.7% from the previous month’s 7.9%. Many analysts said that the surge in hiring was an indication that... More of this article »
European Auto Market to be weak for Years to Come
Sales of new cars in Europe will remain weak for up to another 60 months at minimum said executives in the industry on Tuesday. The auto executives said due to the implementation of austerity programs in the region car buyers would... More of this article »