Home » Archive for July, 2014

Image for McDonald’s Ruling Starts Business Labor Debate

McDonald’s Ruling Starts Business Labor Debate

Labor rights advocates claim a Tuesday ruling was a big victory, after an agency said McDonald’s corporate, central operations could be lumped together with its thousands of franchises to use for liability purposes. The largest chain... More of this article »
Image for Dunkin’ Brands Earnings Meet Expectations

Dunkin’ Brands Earnings Meet Expectations

Dunkin’ Brands Group posted results for the second quarter that had earnings in line with estimates on Wall Street, but revenues were lower than expected. The share price at the company dropped by nearly 5%, as it announced it was... More of this article »
Image for Walmart Replaces Top Person in U.S. Business

Walmart Replaces Top Person in U.S. Business

Walmart Stores have replaced Bill Simon the former U.S. head with Greg Foran the Asia chief as it looks to restore the fortunes of the largest sector of its business following a year that has seen sluggish sales. Foran started in retail... More of this article »
Image for Nokia Receives Boost from Handset Sale

Nokia Receives Boost from Handset Sale

Finnish tech company Nokia earned a profit during the second quarter after it sold it handset business to U.S. based Microsoft. The company said it expectations have improved for the rest of 2014, as its performance financially during... More of this article »
Image for Pepsi Sees Strong Results, Increases Outlook

Pepsi Sees Strong Results, Increases Outlook

PepsiCo Inc announced that its revenue for the second quarter had increased, helped by snack and beverage volumes that were higher. At the same time, the company increased its guidance for earnings for the year. Pepsi said it expects... More of this article »
Image for Profits at Netflix Jump to $71 Million

Profits at Netflix Jump to $71 Million

On Monday, Netflix Inc announced that its profit for the recently ended quarter had more than doubled thanks to strong growth from subscribers both in the U.S. and internationally, as an increase in monthly rates for its popular video... More of this article »
Image for McDonald’s and KFC Sold Expired Meat by China Supplier

McDonald’s and KFC Sold Expired Meat by China Supplier

KFC and McDonald’s in China facing another scare related to food safety on Monday after a television station in Shanghai reported that a food supplier sold the two companies expired chicken and beef. The companies announced that... More of this article »
Image for Barbie Sales Drop, Makeover Might Be Necessary

Barbie Sales Drop, Makeover Might Be Necessary

Mattel the toymaker is amidst another tough period and its Barbie doll has not been carrying her weight. Profits at Mattel plummeted during the second quarter as sales worldwide dropped by 9%. Barbie’s sales aided in the decline,... More of this article »
Image for FedEx Charged By Feds with Helping Illegal Pharmacies

FedEx Charged By Feds with Helping Illegal Pharmacies

On Thursday, federal authorities charged FedEx with helping illegal pharmacies due to knowingly delivering their painkillers as well as other drugs to customers that did not have prescriptions. The indictment was filed in San Francisco... More of this article »
Image for Futures in Crude Bounce on Stockpile Use in U.S.

Futures in Crude Bounce on Stockpile Use in U.S.

On Thursday, futures in crude oil were recovering some of ground that had been lost the past week on recent news that more of the U.S. stockpile is being uses than over the last few months. September delivery Brent crude was up by... More of this article »
Image for Gtech to Acquire IGT in $4.7 Billion Deal

Gtech to Acquire IGT in $4.7 Billion Deal

Gtech SpA has agreed to purchase in cash and stock International Game Technology for the amount of $4.7 billion. This deal unites the largest provider in the world of lottery systems with the largest maker of slot-machines. Gtech in... More of this article »
Image for Inflation Increased Unexpectedly in UK during June

Inflation Increased Unexpectedly in UK during June

A shopping spree by the British during June drove a big unexpected increase in inflation in the UK that fueled expectations the Bank of England might start increasing its interest rates sooner than later and possibly by year end. Tuesday’s... More of this article »
Image for Samsung Considers How to Recover from Eroding Profits

Samsung Considers How to Recover from Eroding Profits

The top cell phone maker in the world, Samsung Electronics based in South Korea has seen its profits eroded due to pressure from rivals across China that are cutting prices. Last week the electronics giant announced that profit for... More of this article »
Image for Lyft the Car-Hailing Service Delays New York Debut

Lyft the Car-Hailing Service Delays New York Debut

Just hours prior to beginning operation in Queens and Brooklyn on Friday, a company specializing in car-hailing that relies on drivers using their own vehicles to transport passengers, announced it was going to delay its debut in New... More of this article »
Image for Lorillard and Reynolds Reshaping Tobacco in Merger

Lorillard and Reynolds Reshaping Tobacco in Merger

Lorillard and Reynolds American are currently in the last stages of agreeing to a merger that would reshape tobacco by uniting two of the three biggest operators in the U.S. with a market capitalization combined of $56 billion. The... More of this article »
Image for Emirates Orders 150 Boeing Planes for $56 Billion

Emirates Orders 150 Boeing Planes for $56 Billion

Emirates the Dubai airline has completed an order for $56 billion to purchased 150 777X Boeing jets Wednesday. The order completes a commitment the airline made in 2013 just weeks after it scrapped an order with Airbus a rival of Boeing. The... More of this article »
Image for Alcoa to Start Earnings Season Late Tuesday

Alcoa to Start Earnings Season Late Tuesday

There is an expectation that the aluminum giant will beat forecasts from analysts when it reports its revenue and earnings on Tuesday after the closing bell on Wall Street. Alcoa, Inc the world’s third largest producer of aluminum... More of this article »
Image for ADM Acquires Wild Flavors in a $3 Billion Deal

ADM Acquires Wild Flavors in a $3 Billion Deal

Archer Daniels Midland (ADM) the U.S. agribusiness agreed on Monday to buy Wild Flavors the natural ingredient business that is Swiss-German. The price of the acquisition was $3 billion. It will give ADM an inroad into the health-conscious... More of this article »
Image for Burger King Launches Proud Whopper

Burger King Launches Proud Whopper

Burger King the fast food behemoth has introduced a new menu item in time for the 2014 San Francisco Gay Pride event. The item, aptly named Proud Whopper, is a classic Burger King Whopper that is wrapped in a rainbow colored paper... More of this article »
Image for Google Removing Article by BBC Raises Fears of Censorship

Google Removing Article by BBC Raises Fears of Censorship

European Union officials and British politicians expressed great concern Thursday after it came to light that an article that is seven years old that criticizes a former CEO at Merrill Lynch was to be removed from search results on... More of this article »
Image for Roche to Acquire Seragon in U.S. for $1.7 Billion

Roche to Acquire Seragon in U.S. for $1.7 Billion

Roche Holding AG announced that it would spend as much as $1.725 billion to purchase Seragon Pharmaceuticals, a U.S. biotech privately held company that researches treatments for breast cancer. Roche for very a long period of time... More of this article »
Image for Google Visits Cuba

Google Visits Cuba

Eric Schmidt the chairman of Google led a delegation of Google employees to the Caribbean nation of Cuba last week. The delegation was advocating the removal of restrictions by the government on the Internet. The executives had meetings... More of this article »