Home » Archive for April, 2014

Image for Twitter Passes First Quarter Estimates But Shares Fall

Twitter Passes First Quarter Estimates But Shares Fall

Twitter reported a bottom- and top-line that beat estimates on Tuesday and attributed its increase of 119% in revenue to its growth in users as well as engagement. However, shares of the microblogging company plummeted in after hours... More of this article »
Image for Samsung Announces Uptick for Second Quarter

Samsung Announces Uptick for Second Quarter

Samsung Electronics on Tuesday announced it was expecting stronger earnings during the second three months of 2014 as an increase in sales of its smartphones and high-tech televisions spurs on growth. This came after the South Korea... More of this article »
Image for AstraZeneca Offered $100 Billion by Pfizer

AstraZeneca Offered $100 Billion by Pfizer

AstraZenca, the Anglo-Swedish pharmaceutical company saw it shares spike by 15% Monday after Pfizer the U.S. pharmaceutical giant said it had offered the company close to $100 billion to buy it. Pfizer, which is the maker of the famous... More of this article »
Image for Pandora Media Falls on Lower Profit Forecast

Pandora Media Falls on Lower Profit Forecast

Pandora shares fell following its announcement to investors it would spend more aggressively on marketing in defending its lead in the market in online radio. The move will put a dent in the company’s profit. For the second straight... More of this article »
Image for Retailers Making New Strategies for Advertising

Retailers Making New Strategies for Advertising

Nordstrom, Target as well as other large chains are putting their hope of attracting more shoppers on social media. Today retailers are using Pinterest more and more. The social media site allows its users to create group of photos,... More of this article »
Image for Proctor & Gamble Trimming Costs, Sales Fall

Proctor & Gamble Trimming Costs, Sales Fall

Proctor & Gamble CEO A.G. Lafley made progress cutting costs from the largest consumer products business in the world during its fiscal third quarter. However, reviving growth in sales has not come as easy. The Pampers Diapers... More of this article »
Image for Netflix Set to Increase Subscription Price

Netflix Set to Increase Subscription Price

Netflix has decided it is time to up the ante. The streaming video service is set to increase its monthly subscription prices for just the first time in the past three years. This will help Netflix pay for additional video programming... More of this article »
Image for Hasbro Profit Helped by Girls Toys

Hasbro Profit Helped by Girls Toys

The toymaker Hasbro made a surprise improvement in earnings thanks to lower costs and sales soaring for girls’ toys. Hasbro said it made a profit during the first quarter as earnings topped expectations of analysts, even though revenue... More of this article »
Image for LinkedIn Reaches Milestone of 300 Million Members

LinkedIn Reaches Milestone of 300 Million Members

LinkedIn has reached 300 million members and the professional networking site is betting big that mobile devices will drive its growth, as 50% of its traffic is projected to come from the handheld devices. Senior VP at LinkedIn Deep... More of this article »
Image for Galaxy S5 Sales are Double those of S4

Galaxy S5 Sales are Double those of S4

The Samsung Galaxy S5 sold twice as quickly as its predecessor the S4 on the day it was launched, said retailers in the UK as up to 99% of the new Samsung smartphones sold are on contracts with 4G. The new generation S5 cannot be kept... More of this article »
Image for Dubai to Open New Six Flags Park in 2017

Dubai to Open New Six Flags Park in 2017

Six Flags Entertainment Corp, the operator of theme parks and based in the United States, announced that it was partnering with Meraas Leisure and Entertainment based in Dubai to open a Six Flags Park in Dubai. The theme park is schedule... More of this article »
Image for Source: FBI Probe Herbalife Marketing

Source: FBI Probe Herbalife Marketing

Bill Ackman, the hedge fund manager, has accused Herbalife Ltd of being nothing more than a pyramid scheme. The company is now being probed by the FBI says a source familiar with the investigation. The source said federal authorities... More of this article »
Image for Ikea Investing in Illinois Wind Farm

Ikea Investing in Illinois Wind Farm

Home goods behemoth Ikea is doing more than designing and building furniture. The company has invested in a wind farm in Vermilion County Illinois about 150 miles to the south of Chicago. The farm will be big enough to ensure that... More of this article »
Image for Alcoa Shares Increase After Earnings Beat Estimates

Alcoa Shares Increase After Earnings Beat Estimates

Alcoa Inc opened the first quarter earnings season reporting a drop in adjusted profit for the first quarter, as prices on aluminum fell. However, earnings were ahead of expectations by analysts and shares of the aluminum producer... More of this article »
Image for Fiat and Chrysler Now Able to Produce 6 Million Vehicles Per Year

Fiat and Chrysler Now Able to Produce 6 Million Vehicles Per Year

Sergio Marchionne the CEO of Fiat and Chrysler said on Monday that the two automakers would have a combined capacity of 6 million vehicles annually once their forces are combined. Marchionne is aiming to complete the merger of the... More of this article »