Home » Archive for October, 2014
Samsung Promises Changes as Profit Plunges
Samsung Electronics admitted that it erred in its strategy of smartphones and vowed on Thursday to overhaul its lineup of handsets after its profit from those units tumbled during the last quarter and sits at its lowest in over 3 years. Over... More of this article »
Advertising Revenue at Facebook Surges
Facebook expanded its revenue from advertising by over 64% during the third quarter. The increase was boosted by an increase in mobile ads that have become an increasingly larger chunk of the social media giant’s overall ad business. The... More of this article »
Eli Lilly Earnings Meet Expectations
Eli Lilly & Company reported adjusted earnings for the third quarter of 66 cents per share that were in line with estimates on Wall Street but were 41% lower than earnings from the same period one year ago. Revenue for the third... More of this article »
Microsoft Sales Pass Street Estimates
Microsoft Corp reported quarterly revenue that was higher than had been expected, helped through stronger sales of Surface tablets, phones and products for cloud computing for businesses, while keeping profit margins for the most part... More of this article »
Unilever Sales Growth Slowest in Five Years
Unilever, the Rotterdam- and London-based company reported its slowest revenue growth during the third quarter in the past five years as personal care its major growth engine sputtered amidst a sharp fall off in China. Underlying sales... More of this article »
Economy in China Grows at Five-Year Low
The economic growth in China slowed to a low of five-years of 7.3% during the third quarter, which raised concerns of a runoff effect on the world economy but falling nearly in line with the leader’s plans in China for a controlled... More of this article »
Philips Announced Spinoff on Track but Posts Loss
Philips the conglomerate based in the Netherlands said it was moving ahead with the spinoff planned for its lighting business even though it experienced a loss during the recently ended third quarter, when hit by weakness in China... More of this article »
Honeywell Profit Passes Forecast, Seeking Deals
The diversified maker of electronic equipment and aircraft parts, Honeywell International Inc, posted a profit for the third quarter that was better than had been expected helped in part by higher margins in its aerospace business. Honeywell... More of this article »
Amazon Now Has Grocery Delivery in Brooklyn
Amazon.com has expanded its grocery delivery service to Park Slope a well-heeled Brooklyn neighborhood. The online service for Brooklyn started on Friday, giving the No. 1 online retailer in the U.S. a foothold in one of the nation’s... More of this article »
Google Disappoints on Slowdown of Advertising Growth
Heavy spending, a slowdown in advertising growth and a higher tax bill has led to quarterly results that were disappointing for Google, which brought down the shares of the search behemoth of Internet. Google announced that revenue... More of this article »
Amazon Reportedly Opening Retail Store in New York City
Amazon, the online retail behemoth will reportedly be taking on Macy’s and other retailers in the Big Apple with a physical store during the holidays, according to people who said they were familiar with the situation. The location... More of this article »
Alcoa Beats Forecasts on Higher Prices for Aluminum
Alcoa Inc reported an increase in profit for the third quarter that was strong than had been expected on Wednesday as higher prices for aluminum and a reduction in costs helped drive a recovery in its unit that produces its aluminum. Klaus... More of this article »
How International Property Developers Are Solving World Crises Daily
International property developers have become an essential and extremely effective force in solving urgent social and environmental crises around the globe. So what are they doing now, how are they doing it, and how can more individuals... More of this article »
Report: Hewlett-Packard Will Split Into Two
Hewlett-Packard Co, the stalwart of Silicon Valley, has struggled trying to adapt to the new era of online and mobile computing. The company plans to split into two separate companies looking to put additional focus on its corporate... More of this article »
Exxon Mobil Wants Ban on Exports of U.S. Crude Lifted
During a business conference last week in Houston, Rex Tillerson the CEO at ExxonMobil said that if the government of the U.S. would end the ban on export of crude oil from the U.S. that is decades old, there would be a spike in job... More of this article »