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Walmart Revenue Increase is Pleasant Surprise, Outlook Upbeat
Shares of Walmart Stores increased sharply as the giant in retail posted profit that top Wall Street expectations and announced a strong move up in revenue. Walmart Stores on Thursday posted a surprise growth in revenue during its... More of this article »
Twitter Might Remove Links and Photos from Tweet Limit
For many years, users of Twitter have been complaining that photo and links URLs are counted against the 140-character limit for tweets. Now that might change finally as according to a new report online, Twitter is going to stop including... More of this article »
Facebook Insists It Does Not Discriminate
Following allegations this past week that Facebook was suppressing conservative issues on its social network, Mark Zuckerberg the CEO invited a group of political conservatives to speak to him regarding the issue. Zuckerberg in a post... More of this article »
Opera Launches Power Saving Mode, Says Extends Battery Life 50%
Each month it appears that the Opera browser is becoming more compelling. Opera, which appears to be determined to put generations of improvements into just a short period, boasts one more reason for users to switch to using its browser:... More of this article »
Banana Republic and Old Navy Weigh Down Gap
Gap has reported another drop in sales for the fifth consecutive quarter because of weak demand for its Old Navy and Banana Republic brands the clothing retailer is having problems wooing back its former shoppers that were lost to... More of this article »
Merck Sees Drop in Revenue on Competition From Generics
Merck & Co announced a drop in revenue as competition from generic drugs and fluctuations in currency hurt the company’s results. Nasonex an allergy drug had 21% less sales, as a generic version was available during the quarter... More of this article »
GNC Might Look for Buyer
GNC Holdings, the health-supplement and vitamins chain that has more than 9,000 stores might be trying to sell itself. GNC announced that it hired Goldman Sachs as well as a law firm to advise it on financial and strategic alternatives,... More of this article »
Intel Cutting Up its Atom Chips
Intel could be preparing to exit the tablets and smartphone market wasting billions of its dollars already spent trying to expand each of those markets. The company has cancelled its Atom chips, code named Broxton and Sofia, for mobile... More of this article »
St. Jude Medical to be Acquired by Abbott Laboratories for $25 Billion
Abbott Laboratories the healthcare giant has entered into a deal to purchase St. Jude Medical the maker of medical devices in a cash and stock transaction that has been estimated at $25 billion. On Thursday, the two companies revealed... More of this article »
Profit at Fiat Chrysler Soars on North American Performance
On Tuesday, Fiat Chrysler Automobiles NV announced that its net profit for the first quarter was 478 million euros or $539 million as consumers in North America snapped up the higher priced SUVs as well as pickups from the automaker. The... More of this article »
FDA Forces Panel to Vote on Muscle Drug Sarepta
Sarepta Therapeutics’ drug to treat a muscle wasting disease was given a new lifeline on Friday after the U.S. Food and Drug Administration forced a panel of independent experts to make a definite recommendation on if the drug should... More of this article »
Novartis Overcomes Heart Drug and Eye Care Problem with Older Drugs
On Thursday, Novartis was able to beat forecasts for profit thanks to strong performances from older medicines, making up for its eye care business that continues to struggle and the extra costs due to a poor start for its new drug... More of this article »
Fakes Industry Worth More Than $460 Billion
The majority of consumers might think of Louis Vuitton knockoff bags when thinking of counterfeit goods. However, the problem of fake goods reaches well beyond just those of luxury handbags. The phony products trade is one that is... More of this article »
Mitel Networks Acquiring Polycom for $2 Billion
Mitel Networks agreed to purchase Polycom Inc in a close to $2 billion deal that includes both cash and stock pushed on by activist investors Elliott Management to spur on consolidation in the industry of telecom-equipment. In October,... More of this article »
Unilever Growth is Elusive, Sales Meet Expectations
Unilever posted sales growth for the first quarter in line with expectations as the maker of consumer goods battled lower prices and dwindling demand for certain products around the world. Underlying sales were up 4.7%, said Unilever... More of this article »
JetBlue Planning Mint Service Expansion After Losing Virgin America Bid
Despite JetBlue losing its bid to acquire Virgin America based in California, the airline is not giving up its battle for the Golden State’s high playing passengers. On Tuesday, JetBlue announced that it is planning to expand its... More of this article »
Investment by Bill Gates Gives Sears a Needed Boost
Sears the struggling retailer that was at one time was one of the biggest in America, has for a number of years enjoyed the strong financial backing of its billionaire CEO and chairman Edward Lampert, whose company ESL Investments... More of this article »
Ivanka Trump Has Scarves Recalled Due to Risk of Burning
Donald Trump has a new connection with China that could be considered quite embarrassing. Close to 20,000 scarves that were manufactured in China for the fashion line of Ivanka Trump, Donald’s daughter, have been recalled due to... More of this article »
New Inversion Rules in U.S. Could Threaten Deal with Pfizer and Allergan
The Treasury Department in the U.S. took additional steps Monday to curb the corporate inversion set up to avoid taxes, with a possibly casualty being the pending merger between Allergan and Pfizer. These changes, which are less than... More of this article »
SunEdison Said to be Preparing to File Bankruptcy
Struggling SunEdison, a solar developer, is preparing to file bankruptcy in the next few weeks, reported the Wall Street Journal on Friday. The paper cited people who had been familiar with the situation. The shares of the company... More of this article »
Decline in Number of Settlements with Big Pharmaceuticals in U.S.
The amount of big money from U.S. pharmaceuticals coming from settlements for violating healthcare laws has dropped sharply in the past few years. This has prompted a watchdog, non-profit group to call for enforcement efforts to increase. In... More of this article »
Study Finds Results that are Irregular in Theranos Medical Tests
Blood tests using the finger performed by Theranos, the startup in the medical industry, produced more results that were irregular than the conventional tests that are offered by the two biggest clinical labs in the nation, said researchers... More of this article »
Amazon: Female Workers Receive Pay Equal to Male Workers
Amazon.com under pressure from one of its activist shareholders to disclose policies on gender pay and its equality, said this week that its female employees earn as much as male counterparts, according to one survey it conducted recently. The... More of this article »
Sony Forms ForwardWorks a New Company for Mobile Gaming
Sony will bring titles of PlayStation and mobile devices together for users in Asia. The company announced the launching of a new business that is dedicated to bringing titles of PlayStation to mobile devices of users across Japan... More of this article »
UK’s NICE Changes Mind, Recommends Prostate Drug Zytiga
The National Institute for Health and Care Excellence or NICE issued its final guidance that recommended Zytiga made by Janssen for the treatment of advanced prostate cancer prior to chemotherapy. The decision by NICE, follows the... More of this article »
Tiffany’s Profit Exceeds Expectations on Drop in Costs
Tiffany & Co, the upscale jeweler posted a profit that was better than had been expected for its holiday quarter. The jeweler was boosted by increased prices and a benefit from lower costs of gold, silver and diamonds. Stock in... More of this article »
Cannabis Drug Treats Epilepsy Successfully
An experimental drug that is cannabis based has treated successfully children that have a rare type of severe epilepsy in a clinical trial that was highly anticipated. The news helped to double the value of GW Pharmaceuticals the maker... More of this article »
GlaxoSmithKline Ends One Relationship with Five Prime
GlaxoSmithKline the pharmaceutical giant based in the UK has cut its ties with Five Prime Therapeutics in cancer therapy development backing out during an ongoing mesothelioma trial. GSK handed a 180-day notice to Five Prime that it... More of this article »
Exports from China Contract 20% Causing Worries over Slow Growth
Last month exports from China shrank sharply deepening the worries over a slowing growth in the second largest economy in the world. February exports contracted by 20.6% from the same period last year to just over 821.7 billion yuan... More of this article »
Victoza Lowers Number of Cardiovascular Adverse Events
Novo Nordisk announced on Friday that people who have type 2 diabetes and take Victoza are less prone to have a major cardiovascular adverse event, according to a large study that looked at data from over 9,000 people over a period... More of this article »
Cisco Acquiring Israel-based Leaba Semiconductor
Cisco has continued its buying spree Thursday as it made the announcement that its acquiring chip designer Leaba Semiconductor based in Israel for a price of $320 million. Cisco sees the acquisition as a means of bolstering its offering... More of this article »
Tour by Tesla of Meet Model X Begins
During the earnings call for Tesla Motors the electric carmaker earlier this month, the company announced it was doing whatever it could to heighten the demand for its launch in September of Model X SUV. With orders coming in for the... More of this article »
HP Inc’s Start as Standalone Company Selling PCs is Shaky
HP Inc has suffered through the first three month period as a standalone business after posting lower revenues and net earnings from the same period one year ago, as nearly every facet of the company experienced a decline. HP Inc posted... More of this article »
Fitbit Misses on Forecasts of Rollout of Devices
Fitbit Inc has bet that its global marketing campaigns that will introduces its latest wearable devices that are health-tracking, including a smartwatch that is inexpensive, will help keep its dominance in an industry that is becoming... More of this article »
U.S. is Now Top Trade Partner with Germany by Passing France
Last year, the United States become the No. 1 destination for exports from Germany, overtaking France who had been No. 1 since 1961. The U.S. economy made an upturn along with the weaker euro helped the U.S. become the biggest trading... More of this article »
Google Express Makes Debut of Grocery Deliveries
Google is amidst the launching of yet another service that will deliver fresh groceries in two cities in the U.S., which will only intensify the competition with Amazon.com the retail giant online and other start-ups in the tech industry... More of this article »
Telecom Italia Increases Spending, Slows Reduction of Debt
Telecom Italia is increasing its spending on building out, fixed, faster and mobile networks in its domestic market during the next 36 months, where it sees the core earnings returning to growth starting 2017, said the company on Tuesday. The... More of this article »
Sun Pharma Ending Venture With Merck
Sun Pharmaceuticals the drug maker based in India and Merck, Sharp & Dohme’s or MSD have decided mutually to wind down a joint venture because of changes in the strategic priorities of both parents companies. The just taken decision... More of this article »
Southwest Wants to Fly Out of Long Beach
Southwest Airlines appears to have won access to the capacity controlled Long Beach Airport, located just outside of Los Angeles. On Wednesday, the carrier announced both an interest and its application to add service from Long Beach,... More of this article »
Sanofi: Earnings in 2016 Will Be Stable
Sanofi announced that it expects its per share earnings to be stable during 2016 after it reported lower income during the fourth quarter on Tuesday. Income was hurt by a drop in sales of its cancer and diabetes treatments, as well... More of this article »
Twitter Actively Seeking Terrorist Supporters
Twitter is using technology that is spam-fighting to search out accounts that could be promoting terrorist activity and is looking at other accounts that are related to those flagged for the possibility of having them removed, said... More of this article »
Dunkin Donuts Posts Drop in Same Store Sales in U.S.
Dunkin’ Brands Group Inc has reported a sales drop at its established Dunkin’ Donuts restaurants in the U.S. as its price increases and an intensified competition lowered the number of customer visits. The company, which owns the... More of this article »
Pfizer Beats Estimates for Earnings on Sales Growth
Pfizer Inc has reported earnings for the fourth quarter that beat estimates made by analysts helped by Ibrance the new cancer treatment as well as the Prevnar vaccine. Earnings reached 53 cents per share, said the company in a prepared... More of this article »
Roche Profit Disappoints, Outlook is Muted
Swiss pharmaceutical giant Roche posted net profit for the full year of 2015 that came up short of Wall Street expectations. The forecast of the company of an improvement in 2016 met a skeptical response by the market. Roche is relying... More of this article »
Proctor & Gamble Sees Profit and Sales Rise
On Tuesday, Proctor & Gamble reported earnings that were better than had been expected for its quarter ending in December, as an increase in pricing helped return the giant in consumer products to growth in core sales. The maker... More of this article »
Iran Buying 114 Planes from Airbus, Interested in Boeing
Iran is planning to purchases 114 aircraft from Airbus the plane maker based in Europe by as soon as this March. Iran is also looking for other aircraft deals, said two senior officials from the government on Sunday, as the country... More of this article »
IAG and American Airlines Sign with LATAM Airlines on Joint Ventures
LATAM Airlines, headquartered in Chile has signed agreements for joint ventures to increase its ties to American Airlines and IAG’s Iberia and British Airways, which are all part of OneWorld Alliance in the airline industry. If the... More of this article »
Lululemon Raises Guidance Thanks to Strong Sales
Lululemon Athletic helped investors to find a bit of Zen Monday when the maker of yoga wear raised its forecast for sales and profit for its fourth quarter after enjoying a blockbuster period during the holiday season. The company... More of this article »