Headlines

Dow Chemical Tops Estimates on Profit

February 2nd, 2016 -
Dow Chemical Co, which agreed this past December to a huge merger of historic proportions with DuPont, reported fourth quarter earnings that were better than had been expected after the company’s plastics business gained due to a drop in the price of oil. Profit excluding special items ended at 93 cents per share, Dow, which […]

Coca-Cola Buys Stake in Juice Company Based in Nigeria

January 31st, 2016 -
Coca-Cola Co agreed to purchase the largest juice maker in Nigeria, accelerating its plans to push into the continent and deepening its diversification in response to the slowing sales of soda. On Saturday, Coke said it acquired an initial 40% stake in the company called IGI Groups Chi Ltd., which sells snacks and dairy, Coke […]

Samsung Warns of Tough 2016 as Troubles Expand with Smartphones

January 28th, 2016 -
Samsung Electronics the South Korea based tech giant warned Thursday that earnings could be weaker in 2016 due to soft sales of its electronic gadgets like smartphones. This trend has also hurt its biggest rival Apple and the major chipmakers. The company’s warning came just a day after shares of Apple dropped over 6.5%, its […]

DuPont Releases Higher Forecast for Earnings in 2016

January 26th, 2016 -
Seed and chemical producer DuPont has forecast higher earnings for 2016, helped by its aggressive slashing of prices to offset the continued pressure from a weakness in its farm business and a strong U.S. dollar. The company has forecast operating earnings for the full year of between $2.95 and $3.10 a share, including a benefit […]

Lower Prices of Fuel Boost Profits at Airlines, But Fares Do Not Change

January 24th, 2016 -
The airlines in the U.S. are reporting soaring profits for 2015 largely because of the plummeting fuel prices. The record income nevertheless is not translating into airfare cuts. With the hopes of appeasing it travelers, carriers have purchased new planes, as well as remodeled terminals. One airline has brought back free snacks for its economy […]

Goldman Sachs Struggles In 4Q (NYSE:GS)

January 21st, 2016 -
Goldman Sachs announced lower revenue and profit for the fourth quarter in its latest earnings report. The firm’s revenue fell 5 percent in the fourth quarter from the same quarter a year ago. Total revenue was down 2 percent for all of 2015. The bank’s fourth-quarter profit fell to $765 million, or $1.27 a share, […]

Barclays Will Slash 1,000 Jobs in Investment Bank Worldwide

January 21st, 2016 -
Barclays is cutting over 1,000 jobs in its investment banking sector worldwide and will close its Asia cash equities business as new CEO Jes Staley starts to wield the chopping block in an attempt to lower costs and to boost returns. These cuts were harsher than had been expected and were amongst the most sweeping […]

UnitedHealth Posts Decline in Profit Amidst Weakness in Exchanges

January 19th, 2016 -
The UnitedHealth Group said that profit had declined during its most recent quarter as the largest health insurer in the U.S. struggled with its health exchange sector. The company, based in Minnetonka, Minnesota, said in November it suffered a huge loss in the policies it sold in 2015 in the Affordable Care Act’s exchanges, and […]

Lead Bitcoin Developer Quits After Saying It Failed

January 17th, 2016 -
On Friday, Bitcoin dropped by over 10% after Mike Hearn, one of the cryptocurrency’s lead developers wrote in a blog post he was ending all involvement with it and selling all remaining holdings he had because it failed. Hearn, one of 5 senior developers who spent over five years working on the currency that is […]

Sears Holding Corp Shuttering Some Sears and Kmart Locations

January 14th, 2016 -
Sears Holding Corp announced that it is shuttering a number of its stores across the U.S. as part of its annual review of the store network and its ongoing efforts by the retailer to lower its costs. We are closing some Sears and Kmart locations in cities around the U.S., but it is a small […]

Starbucks Planning To Open Thousands of Locations in China

January 12th, 2016 -
Starbucks Corp is increasing its bet on the consumer’s taste for good coffee in China, despite jitters around the globe over the slowing down of the China economy and turmoil in the market. Howard Schultz the CEO said that he was bullish on the most populous country in the world and that the coffee giant […]

Time Warner Cable: Hackers Possibly Took 320,000 Passwords

January 10th, 2016 -
Time Warner Cable added more than 54,000 residential customers for video during the fourth quarter to become positive for 2015, the first time the company managed that since 2006. During December, Time Warner Cable, Charter and Advance/Newhouse Partnership, which is the parent company to Bright House Networks that are scheduled to all become one, have […]

Severe Sell Off Not Affecting Gun Makers’ Stock

January 5th, 2016 -
With all the major markets experiencing a sell-off of large proportions on Monday, shares of companies making guns surged as just released data pointed to strong sales at the end of 2015. The year was marked by the mass shootings in California and Paris and the new political pressure to tighten gun regulations. President Obama […]

New Law Allows Birth Control Pills to Be Pharmacist Prescribed

January 3rd, 2016 -
Along with the New Year came new laws. Oregon is now the first state in the U.S. to issue a law allowing pharmacists to write prescriptions for birth control pills. The law began as of January 1 and women living in Oregon can now receive birth control pills from pharmacists which means they do not […]

Tesla Motors Promises More Jobs

December 29th, 2015 -
Tesla Motors recently released the Model X SUV a much-awaited vehicle and soon will open its Nevada battery factory. To keep up with operations Tesla said it would be hiring thousands of new employees in the upcoming years said a report from a national publication. During the upcoming four years, Tesla will add approximately 4,500 […]

Galaxy A9 Launched in China by Samsung

December 27th, 2015 -
If users thought the iPhone 6S Plus from Apple or the Galaxy S6 Edge+ from Samsung were big, Samsung has officially debuted its Galaxy A9 across China and the smartphone has a screen of six inches. All the size of the new A9 is not only for screen space. Samsung has stuffed inside a 4,000 […]

Google Planning New and Smarter Messaging App

December 23rd, 2015 -
Search engine behemoth Google is building another mobile-messaging service that will tap into its know-how in artificial intelligence and its chatbot technology in an attempt to catch up to rivals, including Facebook in the rapidly growing arena, said people who are close to the situation. Messaging services are amongst the most popular mobile apps in […]

Demand in Craft Beer Sparks Surge in Hop Production

December 21st, 2015 -
Demand from brewers of craft beer led to an increase of 11% in hop production in the U.S. during 2015 in comparison to last year. The Department of Agriculture in the U.S. says that the production of hop totaled over 78.8 million pounds. The state of Washington produced more than 59.4 million pounds of hops, […]

Best Buy Hoping Holiday Procrastinators Reined in by Free Shipping

December 18th, 2015 -
Best Buy once again is doubling down with fast delivery in what is now the final home stretch before Christmas Day one week from today. The electronics retailer will tried to rein in the last minute shoppers for the holidays by offering the two-day shipping for free for their online orders that are placed by […]

Valeant Slashes Guidance for Revenue and Earnings

December 16th, 2015 -
Canada-based Valeant Pharmaceuticals International announced on Wednesday that it has slashed its current quarter as well as full year outlook and issued an earnings guidance that was downbeat for all of 2016. The drug maker is dealing with fallout from a relationship it had with a controversial pharmacy that specialized in mail order. Valeant shares […]

Newell Rubbermaid Buying Jarden for $13 Billion

December 14th, 2015 -
Newell Rubbermaid the maker of consumer products said on Monday it was acquiring Jarden Corp a rival for $13.2 billion in a deal involving cash and stock. This will merge brands like Yankee Candle, Graco strollers and Sharpie markers. For each share of Jarden, Newell Rubbermaid, based in Atlanta, will pay cash of $21 and […]

Lululemon Cuts Forecast for Earnings on Slip in Profit

December 9th, 2015 -
On Wednesday, Lululemon Athletica posted a decline of 12% in its profit for the third quarter, lowered its forecast for earnings for its full year and gave guidance that was downbeat for the ongoing current. Though its results for the most recent quarter had met and or beat expectations, its new outlook pushed shares lower […]

Brown-Foreman Posts Results That Miss Forecasts

December 4th, 2015 -
A strong dollar has caused a big hangover for Brown-Forman the spirits maker which reported net income during the second quarter that was lower despite its strong sales for Jack Daniels it flagship Tennessee Whiskey. Sales overseas are important contributors to the overall earnings of Brown-Foreman and the headaches from currency exchange have caused the […]

ADP: U.S. Companies Add 217,000 New Jobs During November

December 2nd, 2015 -
In November, companies across the U.S. added more new employees than was forecast, another sign of the labor market continuing to strengthen, says a private report that payrolls are used to base it upon. The increase of 217,000 new jobs was the largest in the past five months. It follows a rise of 196,000 for […]

Saudi Arabia Not Likely to Back Down in OPEC Meeting Friday

November 30th, 2015 -
All eyes will be on OPEC as it holds its meeting on Friday. Despite close to a 30% drop in the prices of oil since its June meeting, there is no expectation that the Organization of Petroleum Exporting Countries’ largest exporter, Saudi Arabia, will back down from the strategy it holds of fighting for its […]

Business Spending Surges in U.S., Orders of Durable Goods Soar

November 25th, 2015 -
A U.S. business investment plan gauge surged during October, the most recent suggestion is that the worst of the drag from the continued strong U.S. dollar and the deep spending cuts by energy companies were over. The U.S. Commerce Department announced on Wednesday that orders of non-defense capital goods excluding aircraft, which is a closely […]

IRS and Treasury Propose New Rules Curbing Corporate Inversion

November 20th, 2015 -
The U.S. Treasury Department as well as the Internal Revenue Service issued on Thursday new rules that are aimed at discouraging companies based in the U.S. from moving their corporate domicile abroad searching for lower rates for taxes. American companies are increasingly trying to lower tax liabilities through this tactic call corporate inversion – acquiring […]

Lowe’s Sales Beat Estimates Amidst Stronger Housing Market

November 18th, 2015 -
Lowe’s Cos, the No. 2 home improvement chain in the U.S., reported quarterly sales and profit that were better than had been expected at its stores that were opened for 13 months or more, as people spent more money on improvements at their homes amidst a stronger recovery in the housing market across the U.S. […]

Berkshire Hathaway Lowers Goldman Sachs Stake by 13%

November 16th, 2015 -
Berkshire Hathaway the company of billionaire investor Warren Buffett has lowered its investment in Goldman Sachs as well as Walmart as Buffett freed cash up ahead of a completion of one of the largest acquisitions he has made. Berkshire had close to 11 million shares as of September 30 in Goldman Sachs compared to 12.6 […]

Scripps Network Earnings Beat the Street

November 9th, 2015 -
Scripps Networks Interactive the operator of Lifestyle channels on Monday posted earnings for the third quarter that were better than had been expected. The company, which is led by Kenneth Lowe its CEO, president and chairman, posted $124.5 million in earnings compared to last year in the same period of $131.2 million. However, per share […]

Millions Making Big Retirement Mistake

September 24th, 2015 -
After many years or rising returns, investors of 401(k) will be reminded in their upcoming statements that investments in Wall Street do not always rise. The S&P 500 is down over 8% the last three months and there has been a big increase in volatility. Despite the most recent upheaval in the stock market, the average […]

GoPro (GPRO) Goes Waterproof With New Camera, HERO4 Session

July 6th, 2015 -
There are a lot of things you can do with a GoPro camera and now GoPro Inc. (GPRO) is introducing its smallest and first completely waterproof camera on, the cube-shaped HERO4 Session.  the camera reportedly is waterproof up to 33 feet, alleviating the need for a separate case that consumers used with previous GoPro cameras. The HERO4 Session […]