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Amazon Reported Revenue of $17.09 Billion

Amazon Reported Revenue of $17.09 Billion

Amazon reported revenue of $17.09 billion in the third quarter but at the same time lost money in the process. The company’s investors were happy about the report. The third quarter revenue was up 24 percent and around $400 million... 
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... 
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 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... 
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... 
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... 
Starbucks Grows other Business Aside from Coffee

Starbucks Grows other Business Aside from Coffee

Starbucks announced that it will begin selling its Evolution Fresh juice and Evolution Harvest line of snacks in Whole Food stores across the United States. The coffee chain giant plans to have the Evolution Fresh product line in 8,000... 
BlackBerry Tries to Sell Itself to Save Company

BlackBerry Tries to Sell Itself to Save Company

BlackBerry has created a special committee that was tasked to find some strategic alternatives to save the phone maker. It has indicated that selling itself will be one of the possibilities it is willing to explore. The committee will... 
US Celebrates National Farmers Market Week

US Celebrates National Farmers Market Week

The United States is celebrating the National Farmers Market Week that puts the spotlight on farmers markets across the nation. One of which is Camp Hill’s Farmers on Walnut that operates every Thursday at the parking lot of the... 
FlightCar Offers New Service for Car Owners and Renters

FlightCar Offers New Service for Car Owners and Renters

FlightCar has something for car owners who use their cars for only a couple of days a month. The company rents out travelers’ cars while they are not in town. But on Monday, FlightCar announced a new service that pays car owners... 
Bezos to Purchase Washington Post for $250 Million

Bezos to Purchase Washington Post for $250 Million

Jeff Bezos, founder and chief executive officer of Amazon.com, agreed to buy The Washington Post, which is one of the best and well-known legacy media publications in the United States. The digital billionaire will pay $250 million... 
Chevron Agrees to Pay Fine, Give Natural Gas Buses and Clean Up Emissions

Chevron Agrees to Pay Fine, Give Natural Gas Buses and Clean Up Emissions

Chevron agreed to settle with the US Environmental Protection Agency for pollution violation at its Salt Lake City refinery. Under the deal, the company will pay $284,000 in fines and purchase four new compressed natural gas school... 
Michael Dell One Step towards Approval for Buyout Deal

Michael Dell One Step towards Approval for Buyout Deal

Michael Dell got the approval from the board’s special committee. This could lead the way for Dell to go private in a deal that was said to be worth $24.9 billion. The company’s shares increased 5 percent in trading as investors... 
Omnicom Merges with Publicis to Form Largest Ad Company

Omnicom Merges with Publicis to Form Largest Ad Company

Omnicom Group and Publicis Groupe announced their merger that will form the world’s biggest advertising holding company. The combined company will have a market cap of $35 billion. The company will be known as Publicis Omnicom Group. The... 
Starbucks to Serve Yogurt Soon

Starbucks to Serve Yogurt Soon

Starbucks has added something new to its menu. Aside from offering designer coffee, you can now enjoy designer yogurt at the giant coffee chain. The company announced its partnership with French yogurt maker Danone to make its own... 
McLaren Dealerships Comes to Scottsdale

McLaren Dealerships Comes to Scottsdale

Auto Gallery, which is based in Woodland Hills, California, is bringing a McLaren Automotive dealership in Scottsdale. The company has leased around 10,000 square feet of space at the corner of in Raintree Drive and 83rd Place in North... 
Apple Constructs Its Second Solar Farm in Nevada

Apple Constructs Its Second Solar Farm in Nevada

Manufacturing companies are now shifting towards solar farms. Lots of companies are contracting solar panel makers to place several panels near their factories that help power the facility and keep their carbon footprint low. Placing... 
Stocks Get Mixed Results as Quarter Ends

Stocks Get Mixed Results as Quarter Ends

Stocks got volatile results Friday and got mixed results as investors got a breather after the Dow Jones industrial average got its first three day winning streak since late April. It closed down 114.89 points to 14,909.60 after getting... 
Hospital Chain Tenet Acquires Vanguard Health

Hospital Chain Tenet Acquires Vanguard Health

Tenet Healthcare, a US hospital operator, announced that it will acquire its rival Vanguard Health Systems for $1.73 billion. It would give it a better position to benefit from President Barack Obama’s healthcare reform. Investors... 
Apple CEO Stock Award Tied to Performance of the Shares

Apple CEO Stock Award Tied to Performance of the Shares

Apple Chief Executive Tim Cook will have to work hard to keep the value of the company from declining. His stock award worth more than $413 million is now subject to the performance of the shares. This was the result of the discussions... 
Google Wants Gag Order Lifted Regarding Internet Surveillance Program

Google Wants Gag Order Lifted Regarding Internet Surveillance Program

Google asked the federal government to lift the gag order regarding its Internet surveillance program. The online search giant cited the First Amendment right to inform the public about the number of requests it gets from the government... 
Wholesale Prices Up in May

Wholesale Prices Up in May

An increase in gas and food costs led to the rise in the measure of wholesale prices in May. Inflation was mild outside the volatile categories. The Labor Department said that the producer price index went up0.5 percent in May from... 
Supporters of Walmart Associates Call for Higher Pay

Supporters of Walmart Associates Call for Higher Pay

Walmart workers who are on strike got the support of local union members. They are asking for higher pay and other changes from the largest retailer in the United States. They went on strike as shareholders of the company held their... 
Tax Transparency to Cost Apple Billions

Tax Transparency to Cost Apple Billions

Last week, Apple’s tax avoidance strategies were revealed at a US Senate hearing. The company created subsidiaries in stateless nations in order to avoid paying taxes that are said to worth billions of dollars. The strategies could... 
Durable Goods Increase More than Estimate in April

Durable Goods Increase More than Estimate in April

Orders for US durable goods went up more than the forecast in April. This was seen as an indicator that the world’s biggest economy will rebound in the second half of the year as investments strengthens. Orders for equipment meant... 
Yahoo Board Approves Acquisition of Tumblr

Yahoo Board Approves Acquisition of Tumblr

The board of Yahoo approved to purchase Tumblr, which is a popular blogging service, for around $1.1 billion in cash. The deal indicated that the company plans to get back its position as the technology industry tries to get into social... 
Wal-Mart First Quarter Numbers Disappoint Investors

Wal-Mart First Quarter Numbers Disappoint Investors

Wal-Mart shares dropped 1.7 percent Thursday after the retailer reported its profits and revenues were below the expectations for the first quarter. Its same-store sales declined 1.4 percent, which excluded fuel. Wal-Mart expected... 
Michigan Reaps the Benefits of Healthy GM

Michigan Reaps the Benefits of Healthy GM

Michigan is now enjoying the rewards of a healthy General Motors. Since 2009, almost half of the investments made by GM have benefited the state. This was according to its CEO and Chairman Dan Akerson. GM invested $8.5 billion and... 
US Postal Service Losses $1.9 Billion in 2nd Quarter

US Postal Service Losses $1.9 Billion in 2nd Quarter

The United States Postal Service posted a loss of $1.9 billion in the second quarter as the agency slashed workers’ hours but had a hard time dealing with the drop in mail volumes. This was according to the announcement made by the... 
Casinos Prepare for Legalization of Internet Gambling

Casinos Prepare for Legalization of Internet Gambling

Legalized gambling is moving out of the casinos and into the internet. This is why the industry is preparing for the broadest changes in its history. Ultimate Gaming, a company based in Las Vegas, has become the first in the United... 
Intel’s Selection of New CEO Sticks to Familiar Formula

Intel’s Selection of New CEO Sticks to Familiar Formula

Intel selected Brian Krzanich as its next CEO. It indicated that the technology giant is sticking to a familiar formula despite the changing shift in computing that has caused some worries about the future of the company. Ever since... 
Herbalife Makes Progress in Replacing KPMG

Herbalife Makes Progress in Replacing KPMG

In a conference call with analysts, Herbalife said it is making progress in looking for a new accounting company. The nutritional products firm had to search for a new accounting company after KPMG resigned earlier this month after... 
Has Novartis Infringe on its Corporate Integrity Agreement?

Has Novartis Infringe on its Corporate Integrity Agreement?

The US Department of Justice filed two lawsuits in the span of one week against Novartis for alleged paid kickbacks to improve prescriptions and caused federal healthcare programs to pay for medicines based on false claims. A complaint... 
Profits up, Revenue down for Burger King

Profits up, Revenue down for Burger King

Burger King Worldwide on Friday announced that its first quarter profit more than doubled because of less expenses, which helped to offset negative sales in their same-stores and revenue that was lower. The company went public back... 
Profits increase at GE for 2013 First Quarter

Profits increase at GE for 2013 First Quarter

General Electric, the largest industrial conglomerate by market capitalization in the U.S. announced its profits had increased by 14% during the first quarter of 2013. That increase was obtained even though the company’s results... 
Nevada Wind Farm Under Investigation for Death of Eagle

Nevada Wind Farm Under Investigation for Death of Eagle

The US Fish and Wildlife Service is conducting a probe on the death of a golden eagle at the Spring Valley Wind Farm, which is near the Utah border. Pattern Energy owns the 152 megawatt wind energy facility that sells power to Las... 
VW Targets 60% increase in China Production by 2018

VW Targets 60% increase in China Production by 2018

Europe’s largest automaker, Volkswagen AG, announced on Thursday its plans to increase its production of vehicles in China by over 60% in the next five years. The Germany automobile giant last year saw its earnings in China increase... 
European Auto Market to be weak for Years to Come

European Auto Market to be weak for Years to Come

Sales of new cars in Europe will remain weak for up to another 60 months at minimum said executives in the industry on Tuesday. The auto executives said due to the implementation of austerity programs in the region car buyers would... 
MasterPass unveiled in Barcelona by MasterCard

MasterPass unveiled in Barcelona by MasterCard

At the Barcelona Mobile World Congress on Monday, MasterCard announced its entrance into the mobile payment market. The new unveiling has been awaited for some time and MasterPass was finally made public for the first time today. The... 
Sequester Deadline Worrisome for Businesses

Sequester Deadline Worrisome for Businesses

Only five days remain before the deadline for the White House and Congress to reach an agreement avoiding cuts across the board totally $85 billion divided between domestic programs and defense. The Congressional Budget Office announced... 
Office Depot negotiating with OfficeMax over Merger

Office Depot negotiating with OfficeMax over Merger

Office Depot, Inc is in merger talks with OfficeMax said people who are close to the situation. The two paper, pen and other office accessories retailers are trying to find a way to fend off the tough competition that rivals such as... 
European Shares Lower thanks to Carlsberg

European Shares Lower thanks to Carlsberg

Denmark’s Carlsberg A/S, the owner of the biggest brewer in Russia scrapped its goal of medium term profitability amid higher costs for brewing beer and expenses for changes made in logistics and product buying. The target set in... 
Pharmaceuticals Give Large Sums of Money to Physicians

Pharmaceuticals Give Large Sums of Money to Physicians

Most patients are unaware that different pharmaceutical companies give doctors thousands of dollars for each patient that they enrol in experimental drug trials. Even though the motive’s of the doctor’s may be pure and the medications... 
Profit at Merck Falls in Fourth Quarter

Profit at Merck Falls in Fourth Quarter

Merck, the pharmaceutical giant based in Whitehouse Station, New Jersey, announced that profits fell in the fourth quarter of 2012 by 7%. Company officials said that was due in part to sales of Singulair, its best selling asthma medication,... 
Merger between Two Beer Giants Blocked by Feds

Merger between Two Beer Giants Blocked by Feds

On Thursday, the U.S. Department of Justice filed a suit in federal court to stop the merger between Mexico’s largest brewery, Grupo Modelo and Anheuser-Busch InBev. The Justice Department argues that consumer pricing will suffer... 
Microsoft-Dell Partnership Advantageous for Both Companies

Microsoft-Dell Partnership Advantageous for Both Companies

There are speculations that Dell is buying back stock and become a private company again. There are also new rumors that Microsoft will be involved in it. According to reports, Microsoft is planning to invest up to $3 billion for a... 
GE Gets Sharp 4th Quarter Profit

GE Gets Sharp 4th Quarter Profit

General Electric released its profits report Friday that showed better than expected increase of 7.5 percent in its fourth quarter profit as well as a sharp increase in its backlog of equipment orders. GE got strong earnings growth... 
eBay Says 2012 was its best Year

eBay Says 2012 was its best Year

Internet commerce is becoming more and more common and eBay, the e-commerce pioneer, says that it enjoyed its best year to date in 2012. The company said shoppers flocked to its site in search of bargains and used its payment service,... 
Profits at FedEx Fall

Profits at FedEx Fall

FedEx announced on Wednesday that its profits had dropped 12% during their fiscal second quarter. However, the drop was not as much as investors had feared as the shipping company struggled for better results in the airfreight sector... 
Samsung to Become Top Maker of Phones Worldwide

Samsung to Become Top Maker of Phones Worldwide

South Korea based Samsung Electronics has overtaken Nokia, the Finnish phone maker, for just the time since 1998 as the world’s top maker of phones for 2012. At year’s end, Samsung will account for close to 29% of all shipments...