Home » Archive for January, 2013

Image for Profits for China’s Lenovo Beat Estimates

Profits for China’s Lenovo Beat Estimates

Computer maker Lenovo Group Ltd. based in China, is on its way to claiming the top spot in personal computer manufacturing in the world. The company also reported a record profit for its recently ended third quarter. The profit was... More of this article »
Image for Ford Earnings for Fourth Quarter Announced

Ford Earnings for Fourth Quarter Announced

Ford Motor reported its earnings for the fourth quarter, which was its highest for the fourth quarter in over a decade. The automaker reported earnings of $1.7 billion during the last three month of 2012, due in large part to an increase... More of this article »
Image for US Gas Prices Increase to $3.3443 per Gallon

US Gas Prices Increase to $3.3443 per Gallon

The average price for regular gasoline increased 1.96 cents per gallon in the past two weeks to $3.3443 per gallon. This is according to the Lundberg Survey Inc. The survey covered the period ending January 25 and based on data collected... More of this article »
Image for Japanese Automakers Make Huge Comeback

Japanese Automakers Make Huge Comeback

Toyota, the Japanese automaker, has once again taken over the top spot as the largest automaker in the world. Toyota lost that distinction in 2011 to General Motors, but in 2012 sold more than 9.75 million autos to set a new record.... More of this article »
Image for FDA Approves New Use for Pfizer Vaccine

FDA Approves New Use for Pfizer Vaccine

Pfizer received approval from the U.S. Food and Drug Administration on Friday to use Prevnar 13 in children and adolescents between the age of 6 and 17 to prevent Invasive Pneumococcal Disease. Prevnar 13 becomes the first and just... More of this article »
Image for Apple No Longer World’s Most Valuable Business

Apple No Longer World’s Most Valuable Business

Apple sat atop the list of most valuable companies in the world for 12 months, but has been overtaken by Exxon Mobile. Apple stock has lost 17% of its value since the start of 2013 and over 37% since it became the highest valued company... More of this article »
Image for Profit for Proctor & Gamble Tops Estimates

Profit for Proctor & Gamble Tops Estimates

Proctor & Gamble, whose CEO is being pressured by Bill Ackman an activist investor, upped its earnings forecast for 2013 after its U.S. market share was increased and it posted profit for the latest quarter that exceeded Wall Street... More of this article »
Image for Apple Stock Plummets After Sales Miss Analysts Estimates

Apple Stock Plummets After Sales Miss Analysts Estimates

For many Wall Street analysts the phenomenal growth of the iPhone might be near its end, as sales for the smartphone missed their mark of 50 million for the year’s fourth quarter that was set by Wall Street. The announcement by Apple... More of this article »
Image for Microsoft-Dell Partnership Advantageous for Both Companies

Microsoft-Dell Partnership Advantageous for Both Companies

There are speculations that Dell is buying back stock and become a private company again. There are also new rumors that Microsoft will be involved in it. According to reports, Microsoft is planning to invest up to $3 billion for a... More of this article »
Image for Google Reports Record Annual Revenues

Google Reports Record Annual Revenues

Google reported its revenues for the fourth quarter at $14.43 billion, which was up 36% for the same period one year ago. The quarterly revenues brought the annual revenue for the Internet search giant to more than $50 billion. It... More of this article »
Image for Verizon Reports loss of $1.93 Billion

Verizon Reports loss of $1.93 Billion

Verizon Communications the telecommunications group from the United States posted a quarterly loss of $1.93 billion on charges related to Hurricane Sandy and pension liabilities that took much of the shine off an increase in revenue... More of this article »
Image for Huawei Would Consider Going Public

Huawei Would Consider Going Public

Chinese telecommunications equipment maker Huawei Technologies has announced it would consider offering potential investors an initial public offering after posting sales that would likely pass those of rival Ericsson. For the company... More of this article »
Image for GE Gets Sharp 4th Quarter Profit

GE Gets Sharp 4th Quarter Profit

General Electric released its profits report Friday that showed better than expected increase of 7.5 percent in its fourth quarter profit as well as a sharp increase in its backlog of equipment orders. GE got strong earnings growth... More of this article »
Image for eBay Says 2012 was its best Year

eBay Says 2012 was its best Year

Internet commerce is becoming more and more common and eBay, the e-commerce pioneer, says that it enjoyed its best year to date in 2012. The company said shoppers flocked to its site in search of bargains and used its payment service,... More of this article »
Image for Chrysler Reports Strong Sales

Chrysler Reports Strong Sales

Chrysler has become the envy of Detroit because of its strong sales and new models. Just a few years ago, the company plunged into bankruptcy. But it managed to revive its business and left Ford Motor Company and General Motors playing... More of this article »
Image for UPS Ends Bid of $7 Billion to acquire TNT Express

UPS Ends Bid of $7 Billion to acquire TNT Express

UPS the delivery company ended its bid of $7 billion to acquire TNT Express after authorities from Europe said they would stop the acquisition on grounds it would hurt competition. Officials from the European Commission told UPS (United... More of this article »
Image for CEO of HP Earned over $15 Million during 2012

CEO of HP Earned over $15 Million during 2012

Computer and printer manufacturer Hewlett-Packard, based in Palo Alto, California gave its CEO Margaret Whitman close to $15.4 million in compensation for her first full year as the CEO of the company, even though HP reported a huge... More of this article »
Image for Johnson & Johnson Diabetes Drug Gets Advisory Board Approval

Johnson & Johnson Diabetes Drug Gets Advisory Board Approval

On Thursday, a new drug being developed by Johnson & Johnson was given backing by an advisory panel that voted 10 to 5 in favor of recommending the drug to the U.S. Food and Drug Administration. If approved, the drug would be the... More of this article »
Image for GM Unveils New Chevy Ad Campaign

GM Unveils New Chevy Ad Campaign

General Motors Co drops its Chevy Runs Deep marketing campaign in favor of a new one that an official said would suit global consumers. The new tag, Find New Roads, is the automaker’s first try at a global message for Chevrolet,... More of this article »
Image for MGM Gets go ahead to Open another Macau Casino

MGM Gets go ahead to Open another Macau Casino

MGM Resorts International’s Chinese arm won approval on Wednesday for another Macau resort-casino, putting it one step closer to catching its rivals in gambling’s most lucrative market in the world. Notice of the plan to build... More of this article »
Image for Profits Fall at Taiwan Smartphone Maker HTC

Profits Fall at Taiwan Smartphone Maker HTC

HTC announced a drop in net profits for the fifth straight quarter. The quarterly drop in profits fell to the lowest it has been in nearly 7 years. Analysts said that the first quarter during 2013 would also be challenging for the... More of this article »
Image for US House Investigates SEC Spending on Consultants

US House Investigates SEC Spending on Consultants

The US House Oversight Committee is investigating the Securities and Exchange Commission’s expenses on outside consultants from Booz Allen Hamilton. The lawmakers are concerned about possible waste. The committee sent a letter to... More of this article »
Image for Japanese FIsh Market Sells Bluefin for $1.8 Million

Japanese FIsh Market Sells Bluefin for $1.8 Million

Japan set a new record for the price of tuna this week, after a huge bluefin tuna was auctioned off for $1.8 million in the first auction of the New Year at Tokyo’s Tsukiji Fish Market. The new record was nearly three times higher... More of this article »
Image for Avis Acquires Zipcar for $500 Million

Avis Acquires Zipcar for $500 Million

Avis is set to acquire Zipcar for $491.2 million. This would expand its services from traditional car rentals to car sharing services. Car sharing has become one of the popular alternatives to rentals, especially in metropolitan areas... More of this article »