Home » Archive for February, 2013

Image for Hewlett Packard Stock Rallies

Hewlett Packard Stock Rallies

Hewlett Packard shares rallied for the first time since 2008 when Mark Hurd was still the head of the company. Present Chief Executive Meg Whitman received praises for the company’s fiscal quarter but some analysts criticized her... More of this article »
Image for MasterPass unveiled in Barcelona by MasterCard

MasterPass unveiled in Barcelona by MasterCard

At the Barcelona Mobile World Congress on Monday, MasterCard announced its entrance into the mobile payment market. The new unveiling has been awaited for some time and MasterPass was finally made public for the first time today. The... More of this article »
Image for Sequester Deadline Worrisome for Businesses

Sequester Deadline Worrisome for Businesses

Only five days remain before the deadline for the White House and Congress to reach an agreement avoiding cuts across the board totally $85 billion divided between domestic programs and defense. The Congressional Budget Office announced... More of this article »
Image for Corn Profits Higher than Soybeans for 2013

Corn Profits Higher than Soybeans for 2013

Corn is seen to be more profitable than soybeans this year. But in the longer term view, planting more corn in 2013 would result to lower overall profits in the coming years. This is according to an analysis made by Gary Schnitkey,... More of this article »
Image for Profit Down at Hewlett Packard but Stock Increases

Profit Down at Hewlett Packard but Stock Increases

The quarterly revenue and profit at Hewlett-Packard continued its familiar trajectory downward on Thursday, but the earnings report sent the company stock in the opposite direction: up. The net income for the tech company based in... More of this article »
Image for Governments and Businesses in Middle East Invest Big in Sponsorships

Governments and Businesses in Middle East Invest Big in Sponsorships

Companies and countries throughout the Gulf region are pumping millions of dollars into different sports partnerships in order to attract new business and build more recognition. Emirates Airlines, one of the biggest spenders, recently... More of this article »
Image for US Airways and American Airlines Merger to Impact Local Airports in US

US Airways and American Airlines Merger to Impact Local Airports in US

The impending merger of two large airlines will play a vital role in the futures of all local airports across the nation. US Airways and American Airlines have recently announced their $11 billion merger. Once it is completed, the... More of this article »
Image for Office Depot negotiating with OfficeMax over Merger

Office Depot negotiating with OfficeMax over Merger

Office Depot, Inc is in merger talks with OfficeMax said people who are close to the situation. The two paper, pen and other office accessories retailers are trying to find a way to fend off the tough competition that rivals such as... More of this article »
Image for European Shares Lower thanks to Carlsberg

European Shares Lower thanks to Carlsberg

Denmark’s Carlsberg A/S, the owner of the biggest brewer in Russia scrapped its goal of medium term profitability amid higher costs for brewing beer and expenses for changes made in logistics and product buying. The target set in... More of this article »
Image for Toyota Settles with 29 States regarding Recall Issues

Toyota Settles with 29 States regarding Recall Issues

Toyota Motors Corp. reached an agreement with attorney generals from 29 states and an US territory. This was the latest move by the automaker to accelerate things regarding the recall issues. The deal was said to be worth $29 million. The... More of this article »
Image for Heinz Acquisition Being Investigated for Stock Trades

Heinz Acquisition Being Investigated for Stock Trades

Regulators from the U.S. Securities and Exchange Commission have started a formal inquiry into unusual stock trades they said took place prior to the deal to purchase the food company H.J. Heinz. Those trades have raised some questions... More of this article »
Image for Goodyear Profits Higher than Estimates

Goodyear Profits Higher than Estimates

Goodyear Tire & Rubber Company reported profit of $97 million or 39 cents a share in the fourth quarter of 2012. It was above the $6 million or 3 cents per share in the same period of 2011. The company beat the Zacks Consensus... More of this article »
Image for MGM Asks New Jersey for Reinstatement of Casino License

MGM Asks New Jersey for Reinstatement of Casino License

MGM Resorts International agreed to leave New Jersey in 2010. The company petitioned state’s regulators to re-establish its casino license. The company agreed to get out of the state in March 2010 when it was questioned about its... More of this article »
Image for Blackberry Dealt Blow by Home Depot

Blackberry Dealt Blow by Home Depot

Canadian smartphone maker Blackberry, which is currently changing its legal name from Research In Motion, received bad news from Home Depot on Monday. The huge U.S. home improvement retailer announced it would replace Blackberry smartphones... More of this article »
Image for Markets in Europe Await Finance Ministers Meeting

Markets in Europe Await Finance Ministers Meeting

The euro was able to move off its two week lows on Monday, while equities in Europe and crude oil remained at their monthly highs. Developments politically in parts of Europe have investors worried and could offset signs of increased... More of this article »
Image for Worker Productivity Drops in US

Worker Productivity Drops in US

The productivity of workers in the United States dropped more than the forecast in the fourth quarter as the economy contracted. It led to the increase in labor expenses and indicated that companies were reaching the limit of how much... More of this article »
Image for Productivity Drops, Pushing Labor Cost Upwards

Productivity Drops, Pushing Labor Cost Upwards

Productivity of U.S. workers fell in the fourth quarter of 2012 more than what was projected, as the economy in the U.S. shrank. That in turn caused the cost of labor to increase as businesses approached their limits of efficiency... More of this article »
Image for Sony Posts another Quarterly Loss

Sony Posts another Quarterly Loss

Sony Corp, the Tokyo based electronics firm announced on Thursday that it had a loss for the latest quarter, which underscored the deep problems the company is facing. The report on earnings deflated the recent optimism that was reflected... More of this article »
Image for Zynga Reports Losses Lower than Wall Street Estimates

Zynga Reports Losses Lower than Wall Street Estimates

The online game company, Zynga said late Tuesday that it narrowed its losses for the fourth quarter, even though revenue remained flat. The company was able to reduce its loss from the same period a year ago because it closed offices,... More of this article »
Image for Pharmaceuticals Give Large Sums of Money to Physicians

Pharmaceuticals Give Large Sums of Money to Physicians

Most patients are unaware that different pharmaceutical companies give doctors thousands of dollars for each patient that they enrol in experimental drug trials. Even though the motive’s of the doctor’s may be pure and the medications... More of this article »
Image for Profit at Merck Falls in Fourth Quarter

Profit at Merck Falls in Fourth Quarter

Merck, the pharmaceutical giant based in Whitehouse Station, New Jersey, announced that profits fell in the fourth quarter of 2012 by 7%. Company officials said that was due in part to sales of Singulair, its best selling asthma medication,... More of this article »
Image for Manufacturing in US Expands More than Forecast in January

Manufacturing in US Expands More than Forecast in January

Manufacturing in the United States grew more than forecast in January. It reached a nine month high and a sign that the industry was starting to improve. The Institute for Supply Management reported that its manufacturing index went... More of this article »
Image for Merger between Two Beer Giants Blocked by Feds

Merger between Two Beer Giants Blocked by Feds

On Thursday, the U.S. Department of Justice filed a suit in federal court to stop the merger between Mexico’s largest brewery, Grupo Modelo and Anheuser-Busch InBev. The Justice Department argues that consumer pricing will suffer... More of this article »