Home » Archive for October, 2013

Image for Profit Falls at General Motors by 53%

Profit Falls at General Motors by 53%

Third quarter earnings were announced by General Motors in the amount of $698 million, which was 53% less than last year during the same quarter. However, revenue was slightly higher at $39 billion. GM earnings a year ago were $1.5... More of this article »
Image for Pfizer Beats Wall Street Estimates

Pfizer Beats Wall Street Estimates

Pfizer, Inc., the biggest drug maker in the world reported profits for the third quarter that passed the estimates of analysts as the drug maker lowered its costs, while its sales of its top painkiller and vaccine increased. Earnings... More of this article »
Image for Profit Falls at Merck on Lower Sales

Profit Falls at Merck on Lower Sales

Merck and Co’s earnings for the third quarter dropped by 35% as it lost the exclusivity for Singulair the allergy and asthma drug that contributed to the pharmaceutical giant’s weaker sales. Merck said expenses related to the restructuring... More of this article »
Image for UPS Sees Rise in Profits and Strong Holiday Season

UPS Sees Rise in Profits and Strong Holiday Season

United Parcel Service said more demand in its domestic ground shipments had lifted company profits during the third quarter. UPS said it expects sales online during the heavy holiday shopping season to boost its shipping volumes going... More of this article »
Image for McDonald’s Changes Ketchups

McDonald’s Changes Ketchups

The world’s largest fast food chain is changing its ketchup. McDonald’s in a prepared statement on Friday said it was cutting its ties with Heinz the condiment making company after a relationship of 40 years. McDonald’s said... More of this article »
Image for Amazon Reported Revenue of $17.09 Billion

Amazon Reported Revenue of $17.09 Billion

Amazon reported revenue of $17.09 billion in the third quarter but at the same time lost money in the process. The company’s investors were happy about the report. The third quarter revenue was up 24 percent and around $400 million... More of this article »
Image for Proctor & Gamble See Rise in Profits

Proctor & Gamble See Rise in Profits

 The largest maker of consumer products in the world, Proctor & Gamble Co announced that its first quarter profits were up 7.6% as sales for its homecare goods and products for babies gained. Net income for the quarter was $3.03... More of this article »
Image for Ford Ups Outlook Following Strong Third Quarter

Ford Ups Outlook Following Strong Third Quarter

Ford Motor Company boosted its complete year earnings on Thursday, helped in part from the improved forecast for Europe and results that had been better than projected during the third quarter. The second largest automaker in the U.S.... More of this article »
Image for Actelion Reaches High of Six Years

Actelion Reaches High of Six Years

Actelion the Swiss biotech company saw its shares climb over 5% to their highest since 2007 on Monday. Its stock prices increased on optimism that it had a viable product to gain sales and earn profit after an approval in the U.S.... More of this article »
Image for Shares of Google Break $1,000 Mark

Shares of Google Break $1,000 Mark

Shares of Google have passed the $1,000 threshold for just the first time. On Friday, the stock was up nearly 14% after the business reported earnings that were better than had been expected. Shares of the online search giant closed... More of this article »
Image for EU and Canada Sign Deal for Free-Trade

EU and Canada Sign Deal for Free-Trade

The European Union and Canada have reached a free trade treaty agreement in principle that brings them near the end of over four years of negotiating. Stephen Harper the Prime Minister of Canada and Jose Barroso, the President of the... More of this article »
Image for Developer from China Investing $5 Billion in Brooklyn

Developer from China Investing $5 Billion in Brooklyn

Developer Greenland Group, owned by China will take majority ownership of the Atlantic Yards in New York. The deal is expected to be the largest ever investment by a China based company in a property in the U.S. The Greenland Group... More of this article »
Image for Exports in China Drop Unexpectedly

Exports in China Drop Unexpectedly

In September, exports from China fell unexpectedly signaling the constraints from demand globally and highlighting the distortions from fabricated invoices that remain in the country’s trade data. Shipments overseas fell 0.3% from... More of this article »
Image for Shipments of Personal Computers Fall Due to Tepid Demand

Shipments of Personal Computers Fall Due to Tepid Demand

Shipments of Personal Computers worldwide fell during the most recent third quarter, reaching the lowest level for that period since 2008. Industry experts blamed the drop on low demand from returning students. This marks the sixth... More of this article »
Image for Alcoa Exceeds Earnings Estimates

Alcoa Exceeds Earnings Estimates

Alcoa, Inc the largest producer in the U.S. of aluminum reported quarterly earnings that beat forecasts after its smelting sector returned to be profitable and results were better at one of its units that makes aerospace and auto parts. Net... More of this article »
Image for 10,000 Jobs to be Cut by Alcatel-Lucent

10,000 Jobs to be Cut by Alcatel-Lucent

Alcatel-Lucent the telecom equipment manufacturer has unveiled its latest plans to cut up to 10,000 jobs across the globe before the end of 2015. The company announced its plans on Tuesday and hopes to save as much as $1.36 billion... More of this article »
Image for Japan Airlines Agrees to Deal with Airbus

Japan Airlines Agrees to Deal with Airbus

Airbus the manufacturing giant for aircraft announced a first deal ever with Japan Airlines the Japanese carrier. The deal just signed was for 31 A350 planes and was worth close to $9.5 billion at the prices that Airbus lists for that... More of this article »
Image for Jobs Report Postponed Due to Shutdown

Jobs Report Postponed Due to Shutdown

The monthly jobs report for the Bureau of Labor Statistics will not be released due to not having workers to process it because of the current government shutdown. Only three out of 2,400 employees at the bureau are still working during... More of this article »
Image for Advertisers on Twitter Say it Needs Additional Users

Advertisers on Twitter Say it Needs Additional Users

For some of Twitter’s advertisers, 218 million users is not an audience that is big enough, That was their message to the social network, which on Thursday detailed its plans to have an initial public offering. The ad buyers want... More of this article »
Image for Samsung Estimates Record Profits

Samsung Estimates Record Profits

Samsung Electronics issued new guidance stating it predicted record operating profit for its third quarter. However, the electronics giant could be facing shareholder pressure to use its cash holdings as smartphone market saturation... More of this article »
Image for United Technologies Could Furlough 5,000

United Technologies Could Furlough 5,000

By the beginning of next week, 2,000 workers at United Technologies that make the Black Hawk helicopter will be out of work. The company said it might have to layoff over 5,000 of its workers if the shutdown by the federal government... More of this article »