Home » Archive for August, 2014
Roche Acquires InterMune
Roche the pharmaceutical giant based in Switzerland is expanding its treatments for respiratory disease through its acquisition of InterMune a drug maker in Brisbane for more than $8.3 billion, said both companies. Roche agreed to... More of this article »
U.S. Head of McDonald’s Replaced Again
McDonald’s Corp has replaced its President in the U.S. again. It is the second time in the past two years the burger chain has changed its top U.S. executive. The move suggests more pressure on CEO Don Thompson to increase sales... More of this article »
Profit Surges at GameStop
GameStop Corp, on Thursday reported its profits surged for its second quarter thanks to the revenue of the retailer of video games jumping by 25%. That surge in revenues was credited for the most part to strong demand in consoles such... More of this article »
Manufacturing from China to Europe Slows
Manufacturing activity was slower in China and the euro region as increased political tensions threatened to cut trade and put a damp outlook on the global economy. A preliminary reading of the Purchasing Managers Index for the euro... More of this article »
Dick’s Sporting Goods Profit Drops by 17%
Dick’s Sporting Goods Inc is not happy about its golf game. Reeling from a decline in its sales for months and mounting inventories the retailer believes the category will drop to only 10% of its overall business during the next... More of this article »
Microsoft Yanks Windows Update for August After Crashes Reported
Microsoft pulled its update for August for Windows after reports of crashes came in from users and issues involving the restarting of their systems were announced. The software giant has recommended that users uninstall the latest... More of this article »
Moms Organization Wants Gun Ban in Kroger
A Moms organization that was successful in getting Chipotle, Chili’s and Target to make a stance against carrying guns called upon Kroger on Monday to do the same. The group, Moms Demand Action for Gun Sense in America, is requesting... More of this article »
IBM Server Sale Approved by Regulators
United States National Security regulators have given the go ahead for Lenovo to purchase the not so profitable IBM x86-server business. The decision was a major win for Lenovo, the PC maker based in China, as the investigation of... More of this article »
Shareholders at Chiquita Called to Start Proxy Battle
Cutrale-Safra Group from Brazil, which made an unsolicited offer for Chiquita brands International that was rejected on Thursday by management, made the first steps to push for a proxy fight in its attempt at a hostile takeover. Cutrale... More of this article »
Candy Crush Crumbles as King Digital Falls
King Digital Entertainment’s debut in the stock market during March was amongst the worst this year in the U.S. The stock fell by 16% on the first day it traded, as investors were worried the Candy Crush Saga mobile device game maker... More of this article »
Sanofi to Market Afrezza the Inhaled Insulin Medication
Sanofi, a pharmaceutical company in France, has agreed to purchase the right to market Afrezza for $925 million. The drug was recently approved as an inhaled insulin treatment for diabetics that was developed by California based MannKind... More of this article »
More Americans Saying NO to Vodka from Russia
Russia is famous for its vodka, but many types of vodka that are popular today are produced across the globe, even some in the United States. However, the popularity of Russian vodka in the U.S. might be over. As economic warfare is... More of this article »
Productivity in U.S. Rises in Second Quarter
The productivity of workers in the U.S. improved during the second three months of 2014, but only by an amount to return to a moderate pace that has characterized the past few years. This suggests a continuation of sluggish, slow economic... More of this article »
Sales at McDonald’s Worst In a Decade
McDonald’s Corp had disappointing results during July, largely because of concerns over food safety in Asia along with widespread problems across the United States, said the largest restaurant chain in the world on Friday. For the... More of this article »
TUI Travel Profits Up 21%
Europe’s largest tour operator by revenue, TUI Travel looks to be on track to meet its profit growth for the year after posting a 21% increase in profits in its third quarter. The growth was driven by sales of holiday that are higher... More of this article »