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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 »
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 »
Pepsi Launching Soda that is Naturally Sweetened on Amazon
PepsiCo announced that it is introducing for the first time a product exclusively through online retailer Amazon.com as the maker of soft drinks and snack looks to increase is footprint in the growing e-commerce industry. The product,... 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 »
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 »
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 »
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 »
Tiffany Sees Strong Sales Growth During Second Quarter
Tiffany & Co reported on Wednesday financial results for the second quarter that ended on July 31. The net earnings were up 16% thanks to a 7% increase in net sales worldwide and gross margin that was higher. The earnings forecast... 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 »
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 »
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 »
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 »
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 »
Proctor & Gamble Streamlining Products
After many years of expansion into different areas such as beauty products and pet food, Proctor and Gamble has announced it was cutting up to 100 brands to focus on others such as Tide, that helped the company become a powerhouse... More of this article »
McDonald’s Ruling Starts Business Labor Debate
Labor rights advocates claim a Tuesday ruling was a big victory, after an agency said McDonald’s corporate, central operations could be lumped together with its thousands of franchises to use for liability purposes. The largest chain... More of this article »
Dunkin’ Brands Earnings Meet Expectations
Dunkin’ Brands Group posted results for the second quarter that had earnings in line with estimates on Wall Street, but revenues were lower than expected. The share price at the company dropped by nearly 5%, as it announced it was... More of this article »
Walmart Replaces Top Person in U.S. Business
Walmart Stores have replaced Bill Simon the former U.S. head with Greg Foran the Asia chief as it looks to restore the fortunes of the largest sector of its business following a year that has seen sluggish sales. Foran started in retail... More of this article »
Pepsi Sees Strong Results, Increases Outlook
PepsiCo Inc announced that its revenue for the second quarter had increased, helped by snack and beverage volumes that were higher. At the same time, the company increased its guidance for earnings for the year. Pepsi said it expects... More of this article »
McDonald’s and KFC Sold Expired Meat by China Supplier
KFC and McDonald’s in China facing another scare related to food safety on Monday after a television station in Shanghai reported that a food supplier sold the two companies expired chicken and beef. The companies announced that... More of this article »
Barbie Sales Drop, Makeover Might Be Necessary
Mattel the toymaker is amidst another tough period and its Barbie doll has not been carrying her weight. Profits at Mattel plummeted during the second quarter as sales worldwide dropped by 9%. Barbie’s sales aided in the decline,... More of this article »
FedEx Charged By Feds with Helping Illegal Pharmacies
On Thursday, federal authorities charged FedEx with helping illegal pharmacies due to knowingly delivering their painkillers as well as other drugs to customers that did not have prescriptions. The indictment was filed in San Francisco... More of this article »
Inflation Increased Unexpectedly in UK during June
A shopping spree by the British during June drove a big unexpected increase in inflation in the UK that fueled expectations the Bank of England might start increasing its interest rates sooner than later and possibly by year end. Tuesday’s... More of this article »
Lorillard and Reynolds Reshaping Tobacco in Merger
Lorillard and Reynolds American are currently in the last stages of agreeing to a merger that would reshape tobacco by uniting two of the three biggest operators in the U.S. with a market capitalization combined of $56 billion. The... More of this article »
ADM Acquires Wild Flavors in a $3 Billion Deal
Archer Daniels Midland (ADM) the U.S. agribusiness agreed on Monday to buy Wild Flavors the natural ingredient business that is Swiss-German. The price of the acquisition was $3 billion. It will give ADM an inroad into the health-conscious... More of this article »
Burger King Launches Proud Whopper
Burger King the fast food behemoth has introduced a new menu item in time for the 2014 San Francisco Gay Pride event. The item, aptly named Proud Whopper, is a classic Burger King Whopper that is wrapped in a rainbow colored paper... More of this article »
PPG Acquiring Comex
PPG Industries announced on Monday it had entered into an agreement to purchase Consorcio Comex S.A. de C.V. or Comex, an industrial coatings and architectural company that has its headquarters in Mexico City. The transaction has been... More of this article »
Retailers Nervous in U.S. On Port Labor Talks
As the peak season approaches for shipping, retailers in the U.S. are monitoring the labor negotiations anxiously that are affecting over 20,000 West Coast workers at ports than handle over 40% of all goods shipped inside ocean containers. A... More of this article »
Soccer Fever Helping Nike Have Strong Sales
Nike, Inc reported quarterly results that were better than had been expected, as demand for footwear and apparel increased in Western Europe and North America. This came after big expenditures in marketing prior to the start of the... More of this article »
Barnes & Noble Spinning Off Nook as Sales Fall
When the Nook e-reader was introduced in 2009 by Barnes & Noble, it was celebrated as the answer to Kindle, the popular Amazon.com e-reading device. Over four years since that launch, the retailer continues to struggle and will... More of this article »
Whole Foods Charged with Overcharging Customers in California
Whole Foods Markets agreed on Tuesday to pay a fine of $800,000 following an investigation that the chain of supermarkets had overcharged its customers in the state of California, said officials from the state on Tuesday. Local and... More of this article »
Market Basket in Family Feud
A fight that has gone on for decades over of one of Massachusetts’ largest chain of grocery stores on Monday took a huge turn when Arthur T. Demoulas, the President of Market and two other high-up executives were ousted. The board... More of this article »
Charney Fired At American Apparel
American Apparel the clothing and accessories retailer has fired Dov Charney its controversial founder as its chairman. The firing was effective immediately. The company was also moving to end his reign as president and CEO following... More of this article »
Another Recall by GM of Over 3.36 Million
General Motors announced yet another recall. On Monday, 3.36 million vehicles were recalled worldwide by the automaker for a problem tied to eight crashes resulting in six injuries. The total number of GM vehicles recalled in 2014... More of this article »
Starbucks Offering Free Tuition to Workers
Employees nationwide at Starbucks are eligible to receive college education free through an online program at Arizona State University starting this fall. The initiative is new and touted as a first of its kind. It will give many of... More of this article »
Producer Prices Drop in U.S. During May
A gauge used in the U.S. for inflation moved lower during May. This was another sign that price pressures are still tame, amidst the slow economic growth and one that likely will ease concern from the central bankers in the country. The... More of this article »
Budweiser Reveals Ingredients Online
Anheuser-Busch disclosed its ingredients for its beers Budweiser as well as Bud Light following decades of keeping that data secret. A popular blogger started a petition requesting that major brewers released their beer ingredients.... More of this article »
Best Buy Increases Quarterly Dividend
Although life in the electronic retailer space is getting tougher, just ask RadioShack, not all companies are throwing in the towel. Best Buy, which remains down significantly thus far in 2014, is attempting to pull off a difficult... More of this article »
First Quarter: Japan Economy Grows Fastest in Two Years
The economy in Japan grew during the first quarter of 2014 at its fastest rate in over two years. The data released Monday coincided with information from analysts that consumer confidence picked up indicating that sentiment was improving... More of this article »
Board at UPS Names New CEO
The board of directors at United Parcel Service has appointed David Abney as its new CEO. Abney is currently the COO at the company and he will also become a board member as well. Scott Davis, who is 62, has been the CEO and Chairman... More of this article »
Auto Sales in U.S. Reach High of Nine Years
High demand for pickup trucks and SUVs and five weekends of sunny weather helped to push auto sales in the U.S. to a high of nine years during May. Toyota, Nissan and Chrysler all announced sales gains of double-digits over May of... More of this article »