Home » Archive for June, 2014

Image for PPG Acquiring Comex

PPG Acquiring Comex

PPG Industries announced on Monday it had entered into an agreement to purchase Consorcio Comex S.A. de C.V. or Comex, an industrial coatings and architectural company that has its headquarters in Mexico City. The transaction has been... More of this article »
Image for Retailers Nervous in U.S. On Port Labor Talks

Retailers Nervous in U.S. On Port Labor Talks

As the peak season approaches for shipping, retailers in the U.S. are monitoring the labor negotiations anxiously that are affecting over 20,000 West Coast workers at ports than handle over 40% of all goods shipped inside ocean containers. A... More of this article »
Image for Soccer Fever Helping Nike Have Strong Sales

Soccer Fever Helping Nike Have Strong Sales

Nike, Inc reported quarterly results that were better than had been expected, as demand for footwear and apparel increased in Western Europe and North America. This came after big expenditures in marketing prior to the start of the... More of this article »
Image for Barnes & Noble Spinning Off Nook as Sales Fall

Barnes & Noble Spinning Off Nook as Sales Fall

When the Nook e-reader was introduced in 2009 by Barnes & Noble, it was celebrated as the answer to Kindle, the popular Amazon.com e-reading device. Over four years since that launch, the retailer continues to struggle and will... More of this article »
Image for Philips and Salesforce.com Join Forces for TeleHealth Platform

Philips and Salesforce.com Join Forces for TeleHealth Platform

A cloud-based platform that will allow doctors to monitor the health of a patient outside a medical care facility will be launched this summer in the U.S. The new platform, a work of collaboration between Philips the Dutch electronics... More of this article »
Image for Whole Foods Charged with Overcharging Customers in California

Whole Foods Charged with Overcharging Customers in California

Whole Foods Markets agreed on Tuesday to pay a fine of $800,000 following an investigation that the chain of supermarkets had overcharged its customers in the state of California, said officials from the state on Tuesday. Local and... More of this article »
Image for Market Basket in Family Feud

Market Basket in Family Feud

A fight that has gone on for decades over of one of Massachusetts’ largest chain of grocery stores on Monday took a huge turn when Arthur T. Demoulas, the President of Market and two other high-up executives were ousted. The board... More of this article »
Image for Chinese Company Fined Record Amount by FCC

Chinese Company Fined Record Amount by FCC

The Federal Communications Commission announced that it had charged a fine of a record-breaking amount to C.T.S. Technology Co. Ltd. a Chinese online retailer and manufacturer of electronics. The fine is $34.9 million, which was revealed... More of this article »
Image for AbbVie Bid for Shire Rejected as Low

AbbVie Bid for Shire Rejected as Low

Shire Plc has rejected a takeover bid of 27.3 million pounds or $46.5 million from AbbVie Inc as too low. This is the most recent attempt by a healthcare company from the U.S. to lower its corporate taxes by relocating to the United... More of this article »
Image for Charney Fired At American Apparel

Charney Fired At American Apparel

American Apparel the clothing and accessories retailer has fired Dov Charney its controversial founder as its chairman. The firing was effective immediately. The company was also moving to end his reign as president and CEO following... More of this article »
Image for Another Recall by GM of Over 3.36 Million

Another Recall by GM of Over 3.36 Million

General Motors announced yet another recall. On Monday, 3.36 million vehicles were recalled worldwide by the automaker for a problem tied to eight crashes resulting in six injuries. The total number of GM vehicles recalled in 2014... More of this article »
Image for Starbucks Offering Free Tuition to Workers

Starbucks Offering Free Tuition to Workers

Employees nationwide at Starbucks are eligible to receive college education free through an online program at Arizona State University starting this fall. The initiative is new and touted as a first of its kind. It will give many of... More of this article »
Image for Close to Half of Oil and Gas Wells in Wyoming Not Inspected

Close to Half of Oil and Gas Wells in Wyoming Not Inspected

Nearly half of the newly drilled gas and oil well that are considered a high risk for pollution in Wyoming were not inspected during a period of three years, according to a news agency’s review of data from the federal government. Officials... More of this article »
Image for Producer Prices Drop in U.S. During May

Producer Prices Drop in U.S. During May

A gauge used in the U.S. for inflation moved lower during May. This was another sign that price pressures are still tame, amidst the slow economic growth and one that likely will ease concern from the central bankers in the country. The... More of this article »
Image for Budweiser Reveals Ingredients Online

Budweiser Reveals Ingredients Online

Anheuser-Busch disclosed its ingredients for its beers Budweiser as well as Bud Light following decades of keeping that data secret. A popular blogger started a petition requesting that major brewers released their beer ingredients.... More of this article »
Image for Best Buy Increases Quarterly Dividend

Best Buy Increases Quarterly Dividend

Although life in the electronic retailer space is getting tougher, just ask RadioShack, not all companies are throwing in the towel. Best Buy, which remains down significantly thus far in 2014, is attempting to pull off a difficult... More of this article »
Image for First Quarter: Japan Economy Grows Fastest in Two Years

First Quarter: Japan Economy Grows Fastest in Two Years

The economy in Japan grew during the first quarter of 2014 at its fastest rate in over two years. The data released Monday coincided with information from analysts that consumer confidence picked up indicating that sentiment was improving... More of this article »
Image for Board at UPS Names New CEO

Board at UPS Names New CEO

The board of directors at United Parcel Service has appointed David Abney as its new CEO. Abney is currently the COO at the company and he will also become a board member as well. Scott Davis, who is 62, has been the CEO and Chairman... More of this article »
Image for Sprint and T-Mobile Closing in on Merger for $32 Billion

Sprint and T-Mobile Closing in on Merger for $32 Billion

Jumping on the bandwagon of telecommunications industry consolidations the third and fourth largest U.S. wireless operators have agreed to join forces. Sprint and T-Mobile talked about joining forces for a number of years but always... More of this article »
Image for Auto Sales in U.S. Reach High of Nine Years

Auto Sales in U.S. Reach High of Nine Years

High demand for pickup trucks and SUVs and five weekends of sunny weather helped to push auto sales in the U.S. to a high of nine years during May. Toyota, Nissan and Chrysler all announced sales gains of double-digits over May of... More of this article »
Image for IATA Lowers Profit Outlook for Airlines

IATA Lowers Profit Outlook for Airlines

The International Air Transport Association announced on Monday that airlines would earn in profit more than $18 million in 2014, which is slightly less than its previous outlook for the industry. The IATA cut back its previous projection... More of this article »
Image for Manufacturing in China Up in May

Manufacturing in China Up in May

Manufacturing activity in China increased during May as a number of government stimulus incentives started to take hold. Beijing rolled out a series of policies of pro-growth over the past few months as the second largest world economy... More of this article »