Home » Archive for March, 2014
Problems Increase for GM over Recall
General Motors had a tough day on Friday. Late Friday afternoon GM said it recalled over 172,000 of its Chevrolet Cruzes to change the axle half shaft on the right front side that could possibly fracture then separate without any warning... More of this article »
Oculus Rift Maker Purchased by Facebook for $2 Billion
Facebook announced it was acquiring Oculus VR the company that developed Oculus Rift the headset that is virtual reality. Facebook is spending over $2 billion for the company that includes $400 million in cash and more than 23.1 million... More of this article »
Apple Discussing Streaming Video with Comcast
Comcast and Apple have reportedly been in talks for a deal, which would allow users of Comcast to access the content of the cable provider via a set-top box on Apple TV. However, the arrangement includes as well an interconnection... More of this article »
Walmart Uses Tool Revealing Prices of Competitors
A new tool used by Walmart could succeed in shaking up the pricing world once again. Walmart said it has unveiled a tool to use online that compares prices it has on over 80,000 household and food products from dishwashing soap to... More of this article »
FedEx Short of Expectations with Earnings
Shares at FedEx Corporation fell by up to 2% on Wednesday morning in premarket trading. The company released its quarterly results from its fiscal third quarter for 2014 prior to the market’s opening bell. The company posted higher... More of this article »
Consumer Prices in U.S. Increased Slightly in February
Cheaper energy helped maintain overall U.S. prices close to the same last month, despite a large increase in food costs, the latest sign inflation remains tame. The consumer price index was up by just 0.1% during February matching... More of this article »
Twitch Partnering with Gameloft in Mobile Streaming
The leading video community and platform for gamers in the world, Twitch, announced on Monday that Gameloft’s Asphalt: Airborne for the platform iOS would be the first mobile game ever featuring the live streaming functionality from... More of this article »
Alibaba Gearing Up for IPO in U.S.
Alibaba Group, the e-commerce giant based in China said on Sunday it would go public on a stock exchange in the U.S. in a move that analysts said might raise as much as $15 billion in this year’s biggest initial public offering to... More of this article »
Producer Prices Drop in U.S.
The producer prices in the United States dropped during February, which reinforced the view that minimal pressure of inflation could keep the U.S. Federal Reserve from increasing interest rates for a long time. The Department of Labor... More of this article »
Retail Sales Up for First Time in Three Months
U.S. retail sales increased in February for only the first time over the past three months, which is a sign that consumers have started to shake off ill effects of the severe winter that curbed spending more than was estimated previously. The... More of this article »
Stocks Pulled Down by China and Copper
Continuing worries about the slowdown in growth in China and the tensions in Ukraine overshadowed market sentiment Wednesday, as stock futures headed south following sharp losses in Tokyo and Hong Kong started to be repeated in Europe. While... More of this article »
Fyffes to be Acquired by Chiquita Brands
Chiquita Brands International, owner of the banana label of the same name, has agreed to acquire Fyffes, Plc in a transaction that is all stock valuing the distributor of fresh produce based in Dublin at around $526 million. The new... More of this article »
Coupons.com Surges by 88% in Debut
Coupons.com debuted this week on the New York Stock Exchange and soared by 88% in its first day with an IPO. The coupon site online listed its shares at $16 and ended the first day at $30. The company was able to raise $168 million... More of this article »
Boeing Reports Cracks in Wings on Dreamliners
Boeing Co. announced Friday that they discovered hairline cracks in the wings of nearly 40 of its 787 Dreamliners that were in production, which marked yet another setback for the newest jet in the company. The cracks were not found... More of this article »
Cerberus Acquiring Safeway
Safeway agreed to an acquisition by Cerberus Capital Management the parent company of a number of supermarket chains. The deal is worth nearly $7.65 billion in cash and pending any other transaction could be over $9 billion. The acquisition... More of this article »