Home » Archive for November, 2013

Image for Prices for Whiskey Soar

Prices for Whiskey Soar

Makers of whiskey in the U.S. are dabbling with new flavors in an attempt to lure in customers. However, the latest Michter’s Distillery introduction has broken into a new pricing stratosphere that might shake the entire industry. The... More of this article »
Image for Unemployment in Germany at Highest Since Early 2011

Unemployment in Germany at Highest Since Early 2011

Unemployment in Germany increased to its highest in over 30 months during November, showed new data just a day after Angela Merkel the Chancellor unveiled her coalition plans to roll back reforms that over the past decade were credited... More of this article »
Image for Shares at HP Open Higher

Shares at HP Open Higher

Signs that the turnaround plan at Hewlett-Packard is finally yielding positive results has prompted one brokerage firm to increase its rating on share of HP, while eight others raised price targets. This has set the stock up for a... More of this article »
Image for Profits at Tiffany Top Estimates

Profits at Tiffany Top Estimates

Tiffany & Co has posted its profit for the third quarter. The earnings topped that of estimates from analysts. The company boosted its earnings forecast for the year as the stock market in the U.S. continues rising giving consumers... More of this article »
Image for Workers at Walmart Battling in Court

Workers at Walmart Battling in Court

Federal Officials are preparing a legal case to bring against the largest retailer in the world for its alleged retaliation against its employees who staged protests on Black Friday last year. The U.S. National Labor Relations Board... More of this article »
Image for Higher Sales in Beef and Chicken Boost Tyson Profits

Higher Sales in Beef and Chicken Boost Tyson Profits

Tyson Foods Inc has reported a 28% increase in quarterly profit, which was better than expected, helped by an increase in beef sales and said it expected that meat production would increase during the current fiscal year. Shares of... More of this article »
Image for Exxon Mobil Stake of $3.7 Billion Purchased by Berkshire

Exxon Mobil Stake of $3.7 Billion Purchased by Berkshire

Berkshire Hathaway has reported the purchase of a stake valued at $3.7 in Exxon Mobil Corp. The company, owned by Warren Buffett, disclosed its largest holding since 2011. The company owned as of September 30, 40.1 million Exxon shares... More of this article »
Image for Walmart Profit Increases for Third Quarter

Walmart Profit Increases for Third Quarter

Walmart said its profit for the third quarter was up by 2.8%, but the largest retailer in the world reported a shortfall in sales, as its shoppers with lower income feel a squeeze across the globe. The giant retailer also said it was... More of this article »
Image for Starbucks Paying to Settle Dispute

Starbucks Paying to Settle Dispute

Starbuck Corp. said it agreed to pay Mondelez International the amount of $2.79 billion as a settlement of a dispute over the bagged coffee business for the coffee shop behemoth. An arbitrator ordered the payment that consists of damages... More of this article »
Image for Walmart Launching Sales for Black Friday Earlier

Walmart Launching Sales for Black Friday Earlier

Walmart has become the most recent major retailer to announce earlier launch times for its Black Friday and weekend sales. The giant retailer said their Black Friday would start at dinnertime Thanksgiving on Thursday evening. Coming... More of this article »
Image for Shire to Acquire ViroPharma for $4.2 Billion

Shire to Acquire ViroPharma for $4.2 Billion

Shire, based in Dublin announced on Monday that it had agreed to acquire ViroPharma for $4.2 billion to expand its rare disease treatments portfolio. The company said it agreed to pay $50 a share for the Pennsylvania based ViroPharma,... More of this article »
Image for Jobs Report Shows Unexpected Increase

Jobs Report Shows Unexpected Increase

Even though the federal government was shut down for 16 days during October, the economy in the U.S. added 204,000 jobs during the month. The number for October was well above expectations of economists. Even more good news came through... More of this article »
Image for Johnson & Johnson to Pay Penalty of $2.2 Billion

Johnson & Johnson to Pay Penalty of $2.2 Billion

Johnson & Johnson agreed it would pay over $2.2 billion in order to settle civil and criminal claims that it had marketed Risperdal, its antipsychotic drug as well as other medications for uses off-label and paid large kickbacks... More of this article »
Image for Shares of Ryanair Plummet on Warning

Shares of Ryanair Plummet on Warning

Shares at Ryanair have plummeted over 11% after the discount airline warned that its profits were likely to fall in 2013. The airline now said it expected a profit of $674 million to $700 million for their fiscal year that ends in... More of this article »
Image for VW Moves Up in Global Sales

VW Moves Up in Global Sales

While Volkswagen, the Wolfsburg, Germany-based automaker has now risen to the top to become the third-largest automaker in the world thanks in part to great timing in expansion in Brazil and China, the market in the U.S. remained a... More of this article »
Image for Nissan Cuts Forecast for Profit

Nissan Cuts Forecast for Profit

Nissan has slashed its profit forecast for the full year by 15% and replaced its number two in command following a disappointing quarter that the automaker blamed on costs related to recalls and volatile demand. The second largest... More of this article »