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Taco Bell Starts Delivery Service Test at 200 Locations
Taco Bell does not want customers to leave their couches the next time they have a craving for their chalupa. The Tex-Mex fast food company said it would start testing its delivery service Wednesday at 200 of its restaurants in Los... More of this article »
Xiaomi Sales of Smartphones Not So Disappointing
Often called the Apple of China, Xiaomi has revealed disappointing sales numbers for his first six months of the year, but analyst insist the growth for the maker of smartphones is not grinding to a stop. On Thursday, the company announced... More of this article »
Ikea Raising Minimum Wage for U.S. Workers
Ikea Group the largest furniture retailer in the world will raise its minimum wage per hour it pays employees in the United States by 10%. That will make the rate $11.87 in an attempt to keep employees from leaving to work for other... More of this article »
Nestle Has to Pull Maggi Noodles from Shelves of Indian Stores
Nestle SA is battling a reputation problem in India and has had to pull its Maggi instant noodles from stores throughout the country after regulators reported that some packets contained an excess amount of lead. After being criticized... More of this article »
Dollar General Earnings Beat Expectations
Dollar General Corp reported earnings that were better than had been expected during its first quarter, but sales did not reach analysts’ expectations. The company based in Tennessee posted net income for the quarter of $253 million... More of this article »
Urban Outfitters Plunges as Earnings Miss for First Quarter
Urban Outfitters Inc shares plummeted by over 16% in trading after hours on Monday following fiscal first quarter 2016 results that were lower than had been expected due to margins that were subdued. The earnings for the company... More of this article »
Netflix in Talks with Wasu to Enter China
Netflix Inc has entered talks with Wasu Media Holding a media company based in China backed by Jack Ma, as well as with other possible business partners as it looks to enter into the $5.9 billion video online market in China. Netflix... More of this article »
Adidas Sees Increase in Profit, Reebok Rebounds
Adidas AG posted a net profit for the first quarter that was 8.2% higher on its improved performance of its namesake and its Reebok brands with strong sales in the United States along with other markets, which relieved pressure that... More of this article »
Volkswagen Sees Net Profit Increase by 19%
The largest carmaker in Europe, Volkswagen announced Wednesday that its net profit had risen by 19% during the first three months of 2015, as the automaker in Western Europe began its recovery. However, the earnings at VW, the second... More of this article »
Chipotle No Longer to Serve Food that is Genetically Altered
Chipotle Mexican Grill will become the first big restaurant chain to start serving only food free of ingredients that are genetically engineered. The chain made its announcement on Monday. Steve Ells the co-CEO and founder of Chipotle... More of this article »
Aspartame Dropped by Diet Pepsi
PepsiCo announced that it would no longer use aspartame in its Diet Pepsi due to customer worries. The company said it would replace it with sucralose, which is another artificial sweetener know more commonly as Splenda. The soft drink... More of this article »
PepsiCo Beats the Street on Profit
PepsiCo Inc posted quarterly profit that was better than had been expected helped by better demand for its Frito-Lay snack food in North America and the sale of beverages across the Americas. Frito-Lay revenue was up by 3.1% to end... More of this article »
Apple Watch: Impresses for the Most Part in First Reviews
The reviews have started to come in on the Apple Watch that was launched on Friday and critics have started giving their opinion of the high-tech timepieces. The overall consensus seems to be that the sleek wearable by Apple is cool... More of this article »
Urban Outfitters Revenue and Earnings Beat Estimates
Urban Outfitters shares were up by over 6% in aftermarket trading on Monday on fourth quarter better than expected results. Earnings were 60 cents per share and beat Wall Street’s projections of 57 cents per share and were one penny... More of this article »
Herbalife Stock Plummets Close to 11% on Negative Outlook
Herbalife shares plummeted on Friday by close to 11% as investors received a dimmer outlook from the company for 2015. The company on Thursday after the close of the market released its earnings report for the fourth quarter. Entering... More of this article »
Nestle USA Removing All Artificial Ingredients
The consumer craving for more natural and healthier ingredients has spread to junk food, as Nestle SA announced it would remove the artificial colors and flavors from its Butterfinger and Crunch candy bars as well as other chocolates... More of this article »
Goodyear Posts Quarter and Full Year Numbers
The Goodyear Tire and Rubber Company reported its results for the 2014 fourth quarter as well as full year. CEO and chairman Richard Kramer said the company had delivered a record operating income for the full year by successfully... More of this article »
Pinterest Ends Affiliate Links, Prepares for Buy Button
Pinterest, the site for social networking is banning the affiliate links and the redirects it allowed, according to an online watchdog site. The news comes as rumors have surfaced that Pinterest is planning to launch its own buy button... More of this article »
Pernod Ricard Sees Flat Profits on Consumption Crackdown in China
Pernod Ricard announced that its last six months of operating profit in 2014 remained flat as the drinks group based in Paris contended with the government of China’s crackdown on consumption. The second largest spirits company in... More of this article »
Yelp Acquires Eat24 the Food Delivery Service
Yelp the review website has purchased Eat24, a food delivery service online that allows users to order food from over 20,000 restaurants in more than 1,500 cities across the U.S. Shares of the company based in San Francisco were up... More of this article »
China Trade Surplus Hits New Record on Falling Exports
The slumping economy in China hit trade hard during January, as both exports and imports were worse than had been anticipated. The monthly trade surplus increased to $60 billion, which set a new record. Exports from China dropped 3.3%... More of this article »
Apple Smashes Projections with iPhone Sales
Apple’s results crushed Wall Street expectations for its fiscal first quarter of 2015 selling an incredible 74.6 million iPhones while earning $18 billion in profits, which was 38% higher from the same quarter last year on $74.6... More of this article »
Revenue Drops at Proctor & Gamble on Strong Dollar
On Tuesday, Proctor & Gamble warned that efforts to trim down and speed its growth in sales by cutting down on brands has been overshadowed by the unprecedented devaluations in currency. Almost every currency worldwide devalued... More of this article »
Mattel CEO Resigns As Struggles at Toymaker Continue
On Monday, Mattel announced that Bryan Stockton the CEO resigned after only two years at the helm of the toy maker, which continues to struggle as its Fisher-Price and Barbie continue with slowing sales in a competitive toy industry. Christopher... More of this article »
Intel Posted Record Revenue, But Weak Outlook Scares Investors
Intel posted revenue that was record setting in 2014 for the chipmaker. Sales for the full year as well as the fourth quarter both improved by more than 6%. However, shares of the largest chipmaker in the world fell during afterhours... More of this article »
Samsung Launches First Tizen in India For Just $92
South Korean based Samsung Electronics started sales of its Tizen smartphone on Wednesday in India. The inexpensive handset is just 5,700 rupees or $92 dollars. The Z1 operates on the Tizen open-source operating system supported by... More of this article »
Holiday Sales Increase the Best Since 2005
Holiday sales in the U.S. grew at the fastest rate in close to 10 years, helped by the strengthening economy as well as consumers spreading purchases out over a season that was longer, according to an online sale tracking site. Holiday... More of this article »
JC Penney Surprises Skeptics with Holiday Sales
The forecasts for the holiday period of 2014 for JC Penney ranged from a low of a 5% fall in sales to an increase of under 1%. However, the guessing game is over and the skeptics finished last. Surprisingly, the giant retailer reported... More of this article »
Safeway Paying $10 Million in Settlement for Hazardous Waste
Safeway Inc agreed to pay out close to $10 million as settlement for allegations that its chain of grocery stores improperly disposed of different forms of hazardous waste as well as customers’ medical data in California. This agreement... More of this article »
Nissan Sales in U.S. Rise by nearly 7%
On Monday, Nissan Motor Co. posted a jump of 6.9% in sales in the U.S. for December, capping a year that set new records for sales by the automaker in the country. Carmakers expect to end a strong year with robust sales during December,... More of this article »
McDonald’s More Lovin on the Menu
After a year of sales continuing to fall, McDonald’s is hoping the power of love will spur on a turnaround. Late last week, the mega chain of fast food restaurants unveiled its new ads that will expand on the slogan that has been... More of this article »
Subway in Safety Scandal in China over Food
Subway is the latest brand of foreign fast food to become involved in China in a scandal over food safety. This came after the sandwich chain based in the United States said it was carrying out an investigation of local media claims... More of this article »
UPS and FedEx Make Improvements During Holiday Season
Christmas this year was on time for most everyone. After UPS and FedEx were unable to deliver some gifts last year prior to Christmas day, the two shipping companies improved their performance during this holiday shopping season. UPS... More of this article »
MasterCard Spending Report for Holidays Shows Weak Electronics
Consumers spent strongly on eating out and lodging during the holiday shopping season, while sales were flat in electronics, reflecting a shift that is ongoing toward spending on different experiences instead of on goods, said MasterCard... More of this article »
Gift Cards Have Become Hugely Popular, but Have Risks
Gift cards are widely popular gifts for the holidays as they give the receiver what he or she wants, a chance to pick out his or her very own gift. The popularity of the gift card is undisputable. That segment saw over $31.75 billion... More of this article »
Last Shopping Weekend for Holidays Off to Good Start
Shoppers filled malls as well as department stores on the holiday season’s last weekend prior to Christmas. The weather has cooperated to help increase the prospect for a strong finish to this year’s holiday shopping season that... More of this article »
Automakers Sales Increased in November in the U.S.
Automakers in the United States beat the blahs of Black Friday that hit some other retailers by producing strong sales on cars and light trucks as the consumer jumped at the deal for the holiday season. General Motors, Chrysler Group... More of this article »
Best Buy Online Site Crashes on Black Friday
The website for Best Buy suffered an outage on Black Friday during one of the year’s busiest days of shopping. The website was down for in the early morning hours before coming back online and then crashing again on Friday night. The... More of this article »
Biggest Protests at Walmart to Date
Thanksgiving is just a distant memory with Black Friday and the holiday shopping season getting into high gear. Black Friday is known best as one day in which the large retailers, mainly the big box stores haul in loads of money. However,... More of this article »
Walmart and SolarCity Corp Sign Agreement for Solar Installation
SolarCity Corp shares on Nasdaq were up more than 3.2% after the firm announced they entered into contract with Walmart Stores that says SolarCity would be working on solar projects at stores owned by Walmart in 36 states during the... More of this article »
Hellmann’s Sues Rival for Using Mayo
Unilever the food company is suing a company based in California that used “Mayo” in the name for its sandwich spread. The food giant says that dictionaries and federal regulators give mayonnaise a definition as a spread containing... More of this article »
China Singles to Spend Over $5.7 Billion on Tuesday
Singles in China will spend Tuesday with Alibaba. November 11 had become known as Singles Day in China. The annual event is where online retailers cut their prices and eligible shoppers in China buy themselves discounted products. Singles... More of this article »
Burger King Worldwide Enters India
Burger King will open its first restaurants in India within the next 2 to 3 months. In a Saturday announcement, Rajeev Varman, the United States-based hamburger chain’s chief in India said the company will start with 12 stores. The... More of this article »
Toyota Increases Forecast for Full Year Profit
Toyota Motor Corp has raised its forecast for operating profit for the full year by 9.1% as the sharp decline in the Japanese yen has increased the value of its earnings that are made overseas and then repatriated and makes up for... More of this article »
GoPro Eyeing Strong Sales During Holiday Quarter
GoPro Inc has forecasted sales for the holiday quarter that were better than expected, which underscores the growing popularity of the company’s wearable, action cameras amongst thrill seekers, surfers and other action enthusiasts. Shares... More of this article »
AB InBev Misses Earnings Estimates
Anheuser-Busch InBev reported a growth in profit that trailed Wall Street estimates as China and Europe weakness compounded the inability of the brewer to stem dropping sales in its largest market, the United States. Shares of the... 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 »