Home » Archive for February, 2014

Image for GDP Lowered from 3.2% to 2.4% during Fourth Quarter

GDP Lowered from 3.2% to 2.4% during Fourth Quarter

The economy in the U.S. expanded at a much slower pace late in 2013 than what was estimated initially, a sign of little growth amidst foul weather and softer demand overseas for products from the U.S. The gross domestic product, the... More of this article »
Image for Sears Suffers Huge Quarterly Loss

Sears Suffers Huge Quarterly Loss

Sears Holdings Corporation, the retailer operated by Edward Lampert a hedge fund manager, posted a loss for the fourth quarter of $358 million, as investments in its operations online and a new rewards program did not boost its holiday... More of this article »
Image for Qantas Pressured as Losses Continue

Qantas Pressured as Losses Continue

The helm at Qantas Airways was taken over by Alan Joyce over five years ago. He was tasked with turning the flag carrier for Australia around, which at the time was losing large sums of money on international routes. Now, the son of... More of this article »
Image for Netflix Agrees With Comcast for Faster Access to Web

Netflix Agrees With Comcast for Faster Access to Web

Netflix, Inc the largest subscription service in the world for video streaming joins behemoths such as Facebook and Google that already pay Comcast for their content delivery network access. The video streaming service agreed it would... More of this article »
Image for First Quarter Revenue and Earnings at HP Top Estimates

First Quarter Revenue and Earnings at HP Top Estimates

On Thursday, Hewlett-Packard Co. reported its revenue and earnings for the first quarter that exceeded forecasts on Wall Street. The biggest reason was the surprise strength in it sales of personal computers to businesses. The company... More of this article »
Image for Sales of Cars in Europe Increase in January

Sales of Cars in Europe Increase in January

Car sales in Europe were up by 5.2% during January, helped by increases in countries previously hit with crisis such as Italy, Ireland, Portugal and Greece suggesting an economic recovery was gaining pace. The ACEA or Association of... More of this article »
Image for Growth Figures in Japan Disappoint

Growth Figures in Japan Disappoint

The economy in Japan grew at less of a rate than was expected during the last quarter of 2013, as individuals and companies spent less and failed to expand substantially from the third quarter. The surprisingly weak economy grew much... More of this article »
Image for How Natural Disasters Effect Economics

How Natural Disasters Effect Economics

Lightning can strike even in the safest place. Whether you live near a volcano, along a river that floods or in a tornado alley, there’s always a possibility of natural disaster. Once it happened, economy suffers. It might take few... More of this article »
Image for Campbell’s Soup Sees Positive Effects of Weather

Campbell’s Soup Sees Positive Effects of Weather

On both coasts of the U.S., Campbell Soup Co. had issues with weather. On the east coast, it was cold and winter weather, which normally spurs consumers to eat more soup they have at home in their cupboards and go out and buy more. The... More of this article »
Image for Retail Sales Drop in January

Retail Sales Drop in January

Amidst severe cold weather, sales feel by a seasonally adjusted rate of 0.4% during January from the previous month, which missed the expectations of Wall Street. The run of very severe winter weather has wreaked havoc on the U.S.... More of this article »
Image for CVS Caremark Profit Increase by 12% in Fourth Quarter

CVS Caremark Profit Increase by 12% in Fourth Quarter

Shares at CVS Caremark outpaced Tuesday’s broader market after the pharmacy chain increased its forecast for earnings for the beginning of 2014 and reassured its investors that its business could absorb the hit financially that was... More of this article »
Image for Hasbro Performance Drops in Fourth Quarter

Hasbro Performance Drops in Fourth Quarter

The net income for Hasbro during the fourth quarter slipped slightly, as it was hit by charges during the important holiday shopping period. The holiday season during November and December is important to many companies as they can... More of this article »
Image for U.S. Cuba Policy Shift Amongst Exile Elite

U.S. Cuba Policy Shift Amongst Exile Elite

When a new museum of art opened late last year in Miami Jorge Perez the museum’s namesake spoke about the once taboo topic amongst Cuban American powerbrokers of increasing exchanges between artists in the U.S. with those in Cuba. This... More of this article »
Image for Firestorm Ignited over AOL CEO Comments

Firestorm Ignited over AOL CEO Comments

This past week should have resulted in a great week for Tim Armstrong the CEO of AOL after the company’s earnings for the quarter were announced as the best for the past decade. However, his comments angered his employees, insulted... More of this article »
Image for Twitter Says Sales and User Growth will Slowdown

Twitter Says Sales and User Growth will Slowdown

Twitter reported solid sales during its first earnings report since its initial public offering in 2013, but its stock dropped in trading after hours on its disappointing outlook. The company reported that sales were $243 million during... More of this article »
Image for Toyota Profit Higher on Strong Sales and Weak Yen

Toyota Profit Higher on Strong Sales and Weak Yen

Toyota Motor Corp has reported over a fivefold increase in its profit for the quarter and increased its forecast on earnings. It credited strong sales and a weak yen. Profits for Toyota during the quarter of October to the end of December... More of this article »
Image for Manufacturing in China Falls and Stocks Follow

Manufacturing in China Falls and Stocks Follow

Global stocks were lower on Monday as weakness in another manufacturing survey in China was seen, which added to the jitters over emerging economies. In early trading in Europe, major bench benchmarks remained lackluster. The FTSE... More of this article »
Image for White House Revise Exports Limits on Crude Oil

White House Revise Exports Limits on Crude Oil

On Saturday, the Obama administration left open the door to revisiting the crude exports limits that have been in place for close to four decades. The administration said following a Senate Energy Committee hearing on the current ban... More of this article »
Image for Zynga Buys NaturalMotion and Announces Workforce Cut

Zynga Buys NaturalMotion and Announces Workforce Cut

Zynga Inc announced this week it would acquire NaturalMotion, the company that produces the mobile games Clumsy Ninja and CSR Racing. At the same time, it announced it would cut 15% of its overall workforce in an effort to turnaround... More of this article »