Home » Archive for September, 2012

Image for August Sees Consumer Spending Rise

August Sees Consumer Spending Rise

Consumer spending in the U.S. increased during August. The increase was the highest in six months, as people paid more due to higher fuel prices. A Friday report released by the government pointed to lackluster growth in the economy... More of this article »
Image for Research In Motion Posts another Loss

Research In Motion Posts another Loss

Research In Motion, the manufacturer of BlackBerry once one of the most dominate smartphones, announced another loss for the most recent quarter. Canadian based RIM announced the loss, which was sizable, but smaller than the loss it... More of this article »
Image for Staples Announces Store Closings

Staples Announces Store Closings

Staples Inc said it was planning to shutter a number of stores and is trying to sell its European Printing Systems company, as it begins to shift focus toward mobile and online capabilities. Staples expects to save close to $250 million... More of this article »
Image for Financial Debt Crisis Pressures German Economy

Financial Debt Crisis Pressures German Economy

German businesses are not eyeing many reasons to be optimistic, as they have been faced with the ongoing debt crisis that is crippling most of Europe. The Munich-based IFO Institute said on Monday that September was the fifth straight... More of this article »
Image for Profits at Darden Up Ahead of Revamp of Olive Garden

Profits at Darden Up Ahead of Revamp of Olive Garden

On Friday, Darden Restaurants, Inc. reported profit that was better than expected for its first quarter fiscal earnings. This came just prior to the company’s revamping of the menus for both the Red Lobster and Olive Garden chains,... More of this article »
Image for Walmart Kicks Kindle Out

Walmart Kicks Kindle Out

The largest retailer in the U.S. Walmart said on Thursday that it would no longer carry the Kindle e-readers or tablets. The move was a sure sign how seriously the retailer views Amazon as a direct competitor in the market of consumer... More of this article »
Image for Weakness in Economy Signaled by Lower Manufacturing

Weakness in Economy Signaled by Lower Manufacturing

This month, manufacturing ended its weakest three months in over three years. In addition, new claims by Americans for jobless benefits remained close to highs of two months last week, which suggested that the recovery of the economic... More of this article »
Image for Decline in Oil Continues for Second Session

Decline in Oil Continues for Second Session

On Tuesday, oil dropped again after falling the most in two months on Monday on speculation fuel demand could be curtailed by the U.S. economy. In New York, futures were down by 0.7%, which added to the drop of 2.4% on Monday. In less... More of this article »
Image for Oil Up on Tension in Middle East

Oil Up on Tension in Middle East

For the third consecutive day oil prices increased due to the recent unrest throughout the Middle East, which could cause supply disruptions. Oil was up 0.5% after the U.S. Embassy in Lebanon announced it had been given reports saying... More of this article »
Image for Akamai Technologies (AKAM) Speeds Up Internet With FastSoft Inc.

Akamai Technologies (AKAM) Speeds Up Internet With FastSoft Inc.

Akamai Technologies, Inc. (NASDAQ:AKAM) released a statement today that they have acquired content accelerator FastSoft Inc. FastSoft have a number of technologies that could benefit Akamai such as content acceleration software, patented... More of this article »
Image for Draftfcb Healthcare Acquires Hudson Global, Retains Management Team

Draftfcb Healthcare Acquires Hudson Global, Retains Management Team

Interpublic Group (NYSE:IPG) subsidiary Draftfcb Healthcare announced today that they are acquiring N.Y.-based pharmaceutical marketing company Hudson Global which offers integrated marketing solutions aimed at the pharmaceutical industry. Hudson... More of this article »
Image for IBM Completes Canal+ Group Digital Media Transformation

IBM Completes Canal+ Group Digital Media Transformation

IBM (NYSE:IBM) announced today that they have assisted France broadcaster, Canal+ Group, enhance company operations and process so that it is able to deliver more and bolster digital content archival. The Digital Media Transformation... More of this article »
Image for Wednesday’s Top NYSE Energy Gainers, Losers (SM, CZZ, PTEN, YZC, DK, BP)

Wednesday’s Top NYSE Energy Gainers, Losers (SM, CZZ, PTEN, YZC, DK, BP)

SM Energy Co. (NYSE:SM) blew up Wednesday trading with a daily percentage gain of 8.11% and closed at $51.56 per share.  SM Energy announced today that their Eagle Ford shale program averaged 230 MMCFE/d in July 2012 and that for... More of this article »
Image for Shell’s Subsidiary SPDC Sells OML 40 Interest to Elcrest and Production Nigeria

Shell’s Subsidiary SPDC Sells OML 40 Interest to Elcrest and Production Nigeria

Royal Dutch Shell plc (NYSE:RDS.A)(NYSE:RDS.B) announced today that their subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed its sale of their 30% interest in Nigerian Oil Mining Lease (OML) 40... More of this article »