Home » Archive for September, 2013

Image for Apple Passes Coca-Cola as Most Valued Brand

Apple Passes Coca-Cola as Most Valued Brand

Cupertino, California based Apple has taken over first place from Coca-Cola as the No. 1 brand in the world. The company, originally founded by the late Steve Jobs, is now the leader in performance and design, according to a recent... More of this article »
Image for Silver Market Probe Ended in U.S.

Silver Market Probe Ended in U.S.

Last week regulators in the United States closed an investigation of five years into the alleged manipulation of prices in the silver market. Regulators said the 7,000 hours its staff had worked on the investigation did not produce... More of this article »
Image for Exxon Offering Health Care to Same-Sex Married Couples

Exxon Offering Health Care to Same-Sex Married Couples

After drawing a great deal of criticism for its policies in relation to its lesbian and gay workers, Exxon Mobil Corporation, announced on Friday that it is extending its health insurance along with other benefits for employees to... More of this article »
Image for Blackberry Announces Huge Loss for Second Quarter

Blackberry Announces Huge Loss for Second Quarter

The earnings results, which followed the preliminary ones of a week ago, showed that the struggling smartphone maker lost $965 million on $1.6 billion in revenue for the quarter ending August 31. The company also said it was going... More of this article »
Image for Alibaba Wants Listing in U.S.

Alibaba Wants Listing in U.S.

The most valuable Chinese e-commerce company, Alibaba Group Holding, will hold a highly anticipated U.S. initial public offering after it failed to agree with the stock exchange in Hong Kong over having a listing there, according to... More of this article »
Image for Fiat Threatening Pullback with Chrysler with IPO

Fiat Threatening Pullback with Chrysler with IPO

Majority owner Fiat SpA has threatened to pull back from any commitments in the future to Chrysler Group its American carmaker if a new healthcare trust is successful in selling its share in an IPO. Chrysler in a prepared statement... More of this article »
Image for Apple iPhone 5S Launch Sells Millions

Apple iPhone 5S Launch Sells Millions

Over the past weekend, Apple, Inc. sold nine million of its newest iPhones setting a new sales record for their first three days in retail outlets in the U.S. The initial supplies of the high-end model have sold out. Apple also announced... More of this article »
Image for FedEx Reports Profit for Quarter Increased

FedEx Reports Profit for Quarter Increased

FedEx, the courier company, said its profit for the quarter had increased by 7%. That came despite a fall off in revenue in the FedEx Express unit. The company also announced a rate increase would take place starting in January. FedEx... More of this article »
Image for Manufacturing Sector Gets Momentum

Manufacturing Sector Gets Momentum

Factory output in the United States increased in August as the rate of motor vehicles assemblies reached a six year high. These were seen as a good sign for the economy after a slow start of the third quarter. But not everything is... More of this article »
Image for Auto Sales in Europe Fall to New Low

Auto Sales in Europe Fall to New Low

In Europe, car sales continue to fall despite a modest amount of economic growth returning to the region. Over the first eight months of this year in the European Union, sales of passenger cars were down 5.2% to 7.83 million in comparison... More of this article »
Image for Private Car Dealers Get Huge Profits from Increased Sales

Private Car Dealers Get Huge Profits from Increased Sales

Privately held auto dealers have driven their sales higher for the third straight year. The pace of the increases has slowed down compared to last year. This was according to the data from Sageworks, a financial information firm. Sales... More of this article »
Image for HTC Cutting Jobs in U.S.

HTC Cutting Jobs in U.S.

HTC announced today it would be eliminating over 20% of its workforce in the U.S. the smartphone manufacturer based in Taiwan announced it would reduce its workforce in the U.S. as it attempts to optimize and streamline its operations. The... More of this article »
Image for U.S. Inventories Increase in July

U.S. Inventories Increase in July

U.S. companies increased inventories during July more than had been forecasted, trailing a sales gain that signals an uptick in factory orders. Inventory stockpiles increased by 0.4%, the biggest increase in the past six months, after... More of this article »
Image for Retail Sales Miss Estimates in the U.S.

Retail Sales Miss Estimates in the U.S.

A senior economist in the U.S. says consumers have lost enthusiasm, saying retail sales are maintaining their growth, though not like before. With limited opportunities in employment, higher taxes on payrolls and restrained growth... More of this article »
Image for Goldman Sachs to Underwrite Twitter IPO

Goldman Sachs to Underwrite Twitter IPO

ldman sachs, Goldman Sachs beat out top rival Morgan Stanley to be the lead underwriter in the initial public offering for Twitter, giving it the bragging rights to the most anticipated debut from Silicon Valley since Facebook. The... More of this article »
Image for Stocks Mixed Amid Delay Over Syria

Stocks Mixed Amid Delay Over Syria

Stocks in the U.S. were mixed following a win streak of six days for the S&P 500 Index as Apple tumbled its most since this past April and President Obama postponed military action against the Syrian regime led by President Bashar... More of this article »
Image for Walmart to Offer Smartphone Trade-In Program

Walmart to Offer Smartphone Trade-In Program

Apple is expected to launch its latest iPhone on Tuesday, but it is not the only huge company making an announcement about iPhones. Walmart is taking center stage as well. The largest retailer in the world is expected to unveil the... More of this article »
Image for More Data, Less Guessing on the Economy

More Data, Less Guessing on the Economy

Small businesses produce around 15 percent of the nation’s economic output but their activities are not recorded in official reports in a detailed manner. The lack of data within the small business sector can be overcome with Big... More of this article »
Image for China Exports Grow in August

China Exports Grow in August

Exports from China increased during August, which reflected an improvement in external demand and revealed additional signs that the second largest economy in the world was stabilizing. Imports, still better than last year at this... More of this article »
Image for Ford Introduces Warning System against Approaches

Ford Introduces Warning System against Approaches

Police officers will now be safer via the new system Ford has invented that will automatically sound an alarm, lock the doors, and put the windows up if it detects a person sneaking from behind the car. Ford said that the system is... More of this article »
Image for U.S. Trade Gap Widened During July

U.S. Trade Gap Widened During July

In July, the U.S. trade deficit widened from nearly a low of four years, as exports cooled off and imports made a rebound. The gap widened by 13.3% from $34.5 billion to $39 billion. Forecasters had predicted the gap would widen to... More of this article »
Image for Secretary of Labor Perez Praises Striking Fast Food Workers.

Secretary of Labor Perez Praises Striking Fast Food Workers.

Thomas Perez the Secretary of Labor in the U.S. said the fast-food employees who have recently walked off their jobs for one day in cities across the country in an attempt for an increase in wages, are heirs to demonstrators during... More of this article »
Image for American and US Airways Merger Trial to Start in November

American and US Airways Merger Trial to Start in November

A federal judge said that the lawsuit filed by the government to block the proposed merger of American Airlines and US Airways will begin November 25. The timetable is favored by the airlines. The US Justice Department wanted the trial... More of this article »