Home » Archive for September, 2014
Data Breaches at Record Highs for 2014
Thus far in 2014, there have been more than 568 data breaches with over 75 million records involved, of which 56 million took place at Home Depot outlets according to new data released by an identity theft Internet research company. The... More of this article »
Nike Profit Driven by Higher Margins and Demand Across Europe
Nike Inc, the largest maker of sportswear in the world, reported a quarterly profit that was better than had been expected as it grabs market share across Europe and focus on products with higher margins such as its Flyknit soccer... More of this article »
Soft Drink Makers to Cut Calories
The largest three soft drink companies – Coca-Cola, Dr Pepper Snapple Group and PepisCo – pledged to slash the amount of calories Americans drink in their sodas. The cut will be 20% over the next 10 years through distribution packaging... More of this article »
Horizon Pharma Moves Overseas Defying Lawmakers
Despite an increasing amount of criticism from Washington lawmakers, a drug maker officially left the U.S. and opened its corporate offices in Ireland in a move that was designed to lower its taxes. Horizon Pharma closed its acquisition... More of this article »
Apple Frenzy as Stores Start Selling iPhone 6
This year Christmas arrived in September for Apple lovers, as they stormed the company’s stores on Friday morning to purchase the new generation iPhone, though not everyone was able to get the model they had on their list. The new... More of this article »
Japan Sees Another Trade Deficit
Japan has logged its 26th consecutive month with a trade deficit, as August ended in the red by 948.5 billion yen or $8.7 billion, as soft demand from the U.S. and China stymied the country’s exports, the Ministry of Finance announced... More of this article »
Sony Says Losses Will Reach $2 Billion
For Sony things have gone from bad to worse. The electronics company based in Japan expects to lose at least $2 billion this year partly due to it poor smartphone business. Sony announced that it estimated it would have a loss that... More of this article »
UK Inflation Drops During August
The inflation rates in the United Kingdom dropped unexpectedly in August, suggesting that the Bank of England was likely in no rush to increase interest rates even though the economy was still growing, showed official data on Tuesday. The... More of this article »
Lufthansa and Air France Hit By Pilot Strikes
Deutsche Lufthansa AG and Air France both face disruptive strikes. Air France is facing its biggest strike by pilots since 1998, while Lufthansa is preparing for another on Tuesday as both carriers are confronting resistance from workers... More of this article »
Olive Garden Investor Says Stop the Breadsticks
According to one investor, Olive Garden hurts itself by handing out too many of its breadsticks. In a critique that was close to 300 pages, Starboard Value, the hedge fund, says the restaurant chain lacks discipline and training and... More of this article »
Court: Yelp Able to Tamper With its Reviews
Yelp, the influential website for rating, denies that it tampers with reviews, but a federal court ruled the site can if it is so inclined, saying it would not be extortion. The San Francisco Court of Appeals decision came in response... More of this article »
Zalando the European Fashion Retailer Planning IPO
Zalando SE the largest European online-only fashion and shoe retailer is planning to sell up to 11% of its stock in its initial public offering in 2014 in the first big IPO for the startup scene in Berlin. The company sells products... More of this article »
McDonald’s Overhauling Strategy of China Food-Safety
McDonald’s Corp is currently overhauling its strategy of food safety in China following problems with one of its suppliers that hit the image of the fast food giant and eroded sales across the country. The company, based in Oak Brook,... More of this article »