Home » Archive for August, 2013
Starbucks Grows other Business Aside from Coffee
Starbucks announced that it will begin selling its Evolution Fresh juice and Evolution Harvest line of snacks in Whole Food stores across the United States. The coffee chain giant plans to have the Evolution Fresh product line in 8,000... More of this article »
Crisis in Syria Causing Oil and Gas to Increase
The usual drop in September that is expected for gas prices, might not take place this year. In the U.S. the national average for a gallon of gasoline is $3.55, which is down from last month’s average of $3.63. By the early part... More of this article »
Stocks in U.S. Up After Durable Goods Fall
Stocks in the U.S. increased as investors speculated on whether the report indicating a fall in orders for durable goods for July would stop cuts in the Federal Reserve stimulus program. The S&P 500 was up 0.3%, while the Dow added... More of this article »
Loss Widens for Sears as Sales Fall
Sears has announced that its loss widened during the second quarter as the number of overall stores operating declined and the company dealt with the remaining effects from its spinoff of the Outlet and Hometown brand. A number of... More of this article »
Rebound of U.S. Housing, beneficial to Home Depot
The housing market’s recovery in the U.S. has helped home improvement retailer Home Depot beat the projections of analysts for quarterly revenue and profit. The results prompted the largest home improvement chain in the world to... More of this article »
Growth Returns to Euro Zone
The gross domestic product in Germany, the broadest measure that is produced of goods and services across the region was up 0.7% during this year’s second quarter. That means the economy in the euro zone had emerged from its recession... More of this article »
BlackBerry Tries to Sell Itself to Save Company
BlackBerry has created a special committee that was tasked to find some strategic alternatives to save the phone maker. It has indicated that selling itself will be one of the possibilities it is willing to explore. The committee will... More of this article »
Growth in Japan weighing on World Markets
Economic growth, which was weaker than had been expected in Japan, weighed on the market to start the week, on what for many will be a light day for the economical calendar worldwide. The biggest economic indicator for the day was... More of this article »
US Celebrates National Farmers Market Week
The United States is celebrating the National Farmers Market Week that puts the spotlight on farmers markets across the nation. One of which is Camp Hill’s Farmers on Walnut that operates every Thursday at the parking lot of the... More of this article »
FlightCar Offers New Service for Car Owners and Renters
FlightCar has something for car owners who use their cars for only a couple of days a month. The company rents out travelers’ cars while they are not in town. But on Monday, FlightCar announced a new service that pays car owners... More of this article »
Ackman Wants J.C. Penney Chairman Ousted
Bill Ackman has won support from Perry Capital LLC the hedge fund in his attempts to oust Tom Engihous the J.C. Penney Chairman and Mike Ullman, the CEO. Perry reported a stake of 7.3% in the U.S. retailer and echoed the comments of... More of this article »
Groupon Earnings Match Forecasts
Groupon, the online coupon service reported new quarterly earnings that matched expectations and at the same time named its new permanent CEO. Groupon, which gives consumers the opportunity to prepay for goods and services that are... More of this article »
Bezos to Purchase Washington Post for $250 Million
Jeff Bezos, founder and chief executive officer of Amazon.com, agreed to buy The Washington Post, which is one of the best and well-known legacy media publications in the United States. The digital billionaire will pay $250 million... More of this article »
Chevron Agrees to Pay Fine, Give Natural Gas Buses and Clean Up Emissions
Chevron agreed to settle with the US Environmental Protection Agency for pollution violation at its Salt Lake City refinery. Under the deal, the company will pay $284,000 in fines and purchase four new compressed natural gas school... More of this article »
Sales increasing for Smaller and Bigger Vehicles
Bill Perkins has been a Chevrolet dealer for 20-years in the suburban area of Detroit. He remembers when only one or two cars had been in the showroom worth selling amongst the sports utility vehicles and large pickups. Now, said Perkins,... More of this article »
Michael Dell One Step towards Approval for Buyout Deal
Michael Dell got the approval from the board’s special committee. This could lead the way for Dell to go private in a deal that was said to be worth $24.9 billion. The company’s shares increased 5 percent in trading as investors... More of this article »