Home » Archive for December, 2012

Image for Here Comes the Dairy Cliff

Here Comes the Dairy Cliff

Lawmakers have not yet solved the fiscal cliff and now they have to face the dairy cliff. In 2013, the price of milk could double to as much as $6 to $8 per gallon from the current price of $3.75. Congress failed to agree on a new... More of this article »
Image for Anti-Clotting Drug Approved by FDA

Anti-Clotting Drug Approved by FDA

Eliquis, the anti-clotting drug by Bristol-Myers Squibb and Pfizer was approved on Friday by the U.S. Food and Drug Administration. The FDA approval had been long anticipated by many cardiologists and is considered the next blockbuster... More of this article »
Image for Markets Continue to feel effects of Fiscal Cliff

Markets Continue to feel effects of Fiscal Cliff

Friday will be another day of wait, see and worry for investors on Wall Street and around the world. Lawmakers continued to attempt to find the solution to the fiscal cliff that will arrive in just four days. Stock futures in the U.S.... More of this article »
Image for Home Prices Increase More than Estimate

Home Prices Increase More than Estimate

Home prices in the United States increased more than forecast in October. This is a sign that the real estate market is rebounding to help improve the nation’s economy for the first time in seven years. The S&P/Case-Shiller index... More of this article »
Image for Holiday Shoppers Discourage Investors

Holiday Shoppers Discourage Investors

On Wednesday, in light trading, stocks were down for the third straight day thanks to the ongoing anxiety over the possible budget cuts, increase in taxes and the less than anticipated holiday retail sales figures. Trading was very... More of this article »
Image for Blackberry Maker Sees Stock Drop

Blackberry Maker Sees Stock Drop

Research In Motion, the Canadian based manufacturer of the Blackberry smartphone, announced a decision to end certain service fees for users, which threatens its most profitable income source. Following the announcement, RIM stock... More of this article »
Image for RIM to Change Service Fees for BB10

RIM to Change Service Fees for BB10

Research in Motion doesn’t have a commanding presence in the Enterprise market like it used to in the past. It is set to switch from a one-size-fits-all approach to enterprise services to tiered services offerings. For enterprise... More of this article »
Image for New Smartphone Being Designed by Motorola and Google

New Smartphone Being Designed by Motorola and Google

Engineers from Motorola have been hard at work trying to complete the design of a new and sophisticated mobile handset that inside the company is known simply as “X Phone.” Nevertheless, the new unit recently purchased by Google... More of this article »
Image for Pinnacle Entertainment to Acquire Ameristar Casinos

Pinnacle Entertainment to Acquire Ameristar Casinos

Pinnacle Entertainment owns several casinos in Louisiana. It agreed to buy Ameristar Casinos for $869 million. The deal would give Pinnacle a casino each in Mississippi and in Louisiana. The deal has already been approved by both operators’... More of this article »
Image for Arab Women Represent only 20% in Entire Female Work Force in Israel

Arab Women Represent only 20% in Entire Female Work Force in Israel

Since 1970, the amount of Arab women in the Israeli work force has increased by 50%, but just 20% are employed today. That is less than one third of the rate for Jewish women and well below the 72% rate for Arab men, said a Tel Aviv... More of this article »
Image for Foxconn Invests $200 Million in GoPro

Foxconn Invests $200 Million in GoPro

Manufacturing giant Foxconn from Taiwan, which is best known for all the contract manufacturing they perform for Apple products has announced it will purchase a stake worth 9%in GoPro, a camera maker that had been an industry buzz. The... More of this article »
Image for Profits at FedEx Fall

Profits at FedEx Fall

FedEx announced on Wednesday that its profits had dropped 12% during their fiscal second quarter. However, the drop was not as much as investors had feared as the shipping company struggled for better results in the airfreight sector... More of this article »
Image for Samsung to Become Top Maker of Phones Worldwide

Samsung to Become Top Maker of Phones Worldwide

South Korea based Samsung Electronics has overtaken Nokia, the Finnish phone maker, for just the time since 1998 as the world’s top maker of phones for 2012. At year’s end, Samsung will account for close to 29% of all shipments... More of this article »
Image for Nielsen to Acquire Radio Ratings Arbitron

Nielsen to Acquire Radio Ratings Arbitron

The way of measuring ratings is now a bit smaller. Nielsen has measured ratings for television for a number of decades and announced it has now acquired Arbitron, the giant in radio ratings in a deal estimated to be worth over $1.26... More of this article »
Image for Craft Beer Troubles are Brewing

Craft Beer Troubles are Brewing

Craft brewers are unhappy that megabrewers Molson Coors and Anheuser-Busch InBev are using the term craft beer. A-B said that Budweiser is a craft beer. On the other hand, Coors is trying to change the marketing on its Silver Bullet... More of this article »
Image for Refund Delay Might Cause Recession

Refund Delay Might Cause Recession

Congress it seems is bent on debating simultaneously the debate over the fiscal cliff, which has a remedy of a short-term widening of the national deficit along with the fiscal crisis, which has a remedy that is long-term narrowing... More of this article »
Image for Consumer Prices Drop due to Lower Gas Costs

Consumer Prices Drop due to Lower Gas Costs

A sharp drop in gasoline prices led to decline in consumer prices last month. It kept the inflation mild according to the Labor Department Friday. Gas prices dropped 7.4 percent, which is the biggest drop in almost four years. It offset... More of this article »
Image for Holiday Shoppers Get Reprieve through Falling Gas Prices

Holiday Shoppers Get Reprieve through Falling Gas Prices

In November, overall consumer prices fell due to the price at the gas pump dropping. The nation’s key inflation measure, the Consumer Price Index dropped in November by 0.3% thanks mainly to a drop in the price of gasoline of 7.4%... More of this article »
Image for Retail Sales Jump in November thanks to Autos and Holiday Shoppers

Retail Sales Jump in November thanks to Autos and Holiday Shoppers

U.S. retail sales increased in November, as automobile demand returned and shopper started holiday shopping for clothes and electronics. The gain of 0.3% for November followed a decrease of 0.3% for October. The average forecast by... More of this article »
Image for Singapore Airlines Sells Stake in Virgin Atlantic to Delta

Singapore Airlines Sells Stake in Virgin Atlantic to Delta

Delta Airlines has announced it has agreed to acquire the 49% stake Singapore Airlines has in Virgin Atlantic Airlines. The majority owner of Virgin Atlantic is Richard Branson. Delta will be paying $360 million for the 40% share of... More of this article »
Image for Tequila Talks Ended by Diageo

Tequila Talks Ended by Diageo

Diageo PLC, on Tuesday, ended discussions with Jose Cuervo, the tequila maker, after a deal was not reached with the Beckmann family of Mexico to purchase a stake. Diageo will forfeit the entire brand as its contract for distribution... More of this article »
Image for McDonald’s Beats Sales Estimates

McDonald’s Beats Sales Estimates

Same-store sales globally at McDonald’s increased at a bigger than expected rate of 2.4% during November, as the largest fast food group in the world succeeded in reversing its decline that was reported in early November for October. Analysts... More of this article »
Image for Investors See Gold Prices Continue to Drop

Investors See Gold Prices Continue to Drop

Investors of gold are still waiting to receive holiday cheer after the first week of December ended. The price of the precious metal has fallen 5% since its highs in October following the announcement by the Federal Reserve of its... More of this article »
Image for American Airlines Offered Merger Deal

American Airlines Offered Merger Deal

AMR Corp, the parent company of American Airlines has been offered a deal to merge by US Airways. The merger deal has placed a value of the two airlines combined at more than $8.5 billion. While American pilots were busy voting to... More of this article »
Image for Weekly Price of Crude dropping for first time since October

Weekly Price of Crude dropping for first time since October

Oil is on track to fall this week for the first weekly drop since mid October, as a forecast for economic growth in Germany was lowered and an earthquake in Japan created worry that consumption of crude might be lowered. Bundesbank,... More of this article »
Image for Corruption Probe Underway involving Rolls-Royce

Corruption Probe Underway involving Rolls-Royce

Rolls-Royce the aircraft engine maker might face prosecution due to allegations of corruption in Indonesia, China and other international locations. The company first started as a luxury carmaker. However, it also provides power systems... More of this article »
Image for Cheaper Homes to See Price Increase Soon

Cheaper Homes to See Price Increase Soon

Lower-priced homes have been hit the most during the burst of the housing bubble. And it looked like they are set to rebound as the housing market recovers. In the 12 months through October, the cheapest homes have seen their prices... More of this article »
Image for Starbucks Announces Big Expansion

Starbucks Announces Big Expansion

Starbucks, the biggest coffee business in the world, announced it was planning to add up to 1,500 new cafes over the next five years in the U.S. The new plan, which would increase the number of cafes in the U.S. by 13%, will be officially... More of this article »
Image for EPA Adopts New Water Pollution Rules for Florida

EPA Adopts New Water Pollution Rules for Florida

The US Environmental Protection Agency is set to adopt new set of state and federal water pollution rules for the state of Florida. This resulted from the long court battle with environmental groups that wanted the federal version... More of this article »
Image for U.S. Sees Contraction in Manufacturing for November

U.S. Sees Contraction in Manufacturing for November

The manufacturing sector of the U.S. shrank in November and employment weakened, according to new data on Monday. The Institute of Supply Management’s purchasing managers’ index fell unexpectedly to 49.5 during November from October’s... More of this article »
Image for Mexican Court Rules Against Yahoo

Mexican Court Rules Against Yahoo

A Mexican court has ruled that Yahoo is liable for $2.7 billion in damages in a lawsuit over a contract that was disputed between the Internet giant and its former partners over a directories business. An announcement was made on Friday... More of this article »