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Newell Rubbermaid To Acquire Jarden In $15.4B Deal (NYSE:NWL)
Newell Rubbermaid has announced its intentions to purchase consumer products company Jarden for $15.4 billion in a cash and stock deal. The merger of Newell Rubbermaid and Jarden would create a consumer products juggernaut that would... More of this article »
Kellogg Branching Out From Cereal Business (NYSE:K)
Kellogg is branching out in the ever-expanding breakfast market, focusing on new products to attract more customers. The move comes in the midst of continual sales declines of its cereal products. Instead of trying to convince customers... More of this article »
Unilever Turns Focus To Renewable Energy (NYSE:UL)
Unilever has announced a pledge to switch to using only renewable energy by 2030. The consumer goods maker also said that it would stop using energy from coal by 2020. The company aims to have renewables meet 50 percent of its energy... More of this article »
Nordstrom Earnings Disappoint In 3Q (NYSE:JWN)
Seattle based retailer Nordstrom Inc. announced disappointing results for the third quarter of its fiscal year. For the third quarter, Nordstrom reported earnings per share of $0.42. This was lower than the predictions of Wall Street... More of this article »
Campbell Soup Revamping Recipes (NYSE:CPB)
The Campbell Soup Company has announced that it is changing the ingredients in many of its soup products to better reflect the desires of consumers. The company is getting rid of ingredients that consumers today are shying away from.... More of this article »
How International Property Developers Are Solving World Crises Daily
International property developers have become an essential and extremely effective force in solving urgent social and environmental crises around the globe. So what are they doing now, how are they doing it, and how can more individuals... More of this article »
Largest Bitcoin trading platform Mt.Gox shuts down
Mt.Gox, the world’s largest trading platform of Bitcoins website was taken offline on Monday. The site has since been put back online but a notice stating that it is closing all transactions for the time being is displayed and rumours... More of this article »
Manufacturing Sector Gets Momentum
Factory output in the United States increased in August as the rate of motor vehicles assemblies reached a six year high. These were seen as a good sign for the economy after a slow start of the third quarter. But not everything is... More of this article »
Private Car Dealers Get Huge Profits from Increased Sales
Privately held auto dealers have driven their sales higher for the third straight year. The pace of the increases has slowed down compared to last year. This was according to the data from Sageworks, a financial information firm. Sales... More of this article »
More Data, Less Guessing on the Economy
Small businesses produce around 15 percent of the nation’s economic output but their activities are not recorded in official reports in a detailed manner. The lack of data within the small business sector can be overcome with Big... More of this article »
Ford Introduces Warning System against Approaches
Police officers will now be safer via the new system Ford has invented that will automatically sound an alarm, lock the doors, and put the windows up if it detects a person sneaking from behind the car. Ford said that the system is... More of this article »
Starbucks Grows other Business Aside from Coffee
Starbucks announced that it will begin selling its Evolution Fresh juice and Evolution Harvest line of snacks in Whole Food stores across the United States. The coffee chain giant plans to have the Evolution Fresh product line in 8,000... More of this article »
BlackBerry Tries to Sell Itself to Save Company
BlackBerry has created a special committee that was tasked to find some strategic alternatives to save the phone maker. It has indicated that selling itself will be one of the possibilities it is willing to explore. The committee will... More of this article »
US Celebrates National Farmers Market Week
The United States is celebrating the National Farmers Market Week that puts the spotlight on farmers markets across the nation. One of which is Camp Hill’s Farmers on Walnut that operates every Thursday at the parking lot of the... More of this article »
Bezos to Purchase Washington Post for $250 Million
Jeff Bezos, founder and chief executive officer of Amazon.com, agreed to buy The Washington Post, which is one of the best and well-known legacy media publications in the United States. The digital billionaire will pay $250 million... More of this article »
Omnicom Merges with Publicis to Form Largest Ad Company
Omnicom Group and Publicis Groupe announced their merger that will form the world’s biggest advertising holding company. The combined company will have a market cap of $35 billion. The company will be known as Publicis Omnicom Group. The... More of this article »
Starbucks to Serve Yogurt Soon
Starbucks has added something new to its menu. Aside from offering designer coffee, you can now enjoy designer yogurt at the giant coffee chain. The company announced its partnership with French yogurt maker Danone to make its own... More of this article »
McLaren Dealerships Comes to Scottsdale
Auto Gallery, which is based in Woodland Hills, California, is bringing a McLaren Automotive dealership in Scottsdale. The company has leased around 10,000 square feet of space at the corner of in Raintree Drive and 83rd Place in North... More of this article »
Stocks Get Mixed Results as Quarter Ends
Stocks got volatile results Friday and got mixed results as investors got a breather after the Dow Jones industrial average got its first three day winning streak since late April. It closed down 114.89 points to 14,909.60 after getting... More of this article »
Wholesale Prices Up in May
An increase in gas and food costs led to the rise in the measure of wholesale prices in May. Inflation was mild outside the volatile categories. The Labor Department said that the producer price index went up0.5 percent in May from... More of this article »
Supporters of Walmart Associates Call for Higher Pay
Walmart workers who are on strike got the support of local union members. They are asking for higher pay and other changes from the largest retailer in the United States. They went on strike as shareholders of the company held their... More of this article »
Durable Goods Increase More than Estimate in April
Orders for US durable goods went up more than the forecast in April. This was seen as an indicator that the world’s biggest economy will rebound in the second half of the year as investments strengthens. Orders for equipment meant... More of this article »
Wal-Mart First Quarter Numbers Disappoint Investors
Wal-Mart shares dropped 1.7 percent Thursday after the retailer reported its profits and revenues were below the expectations for the first quarter. Its same-store sales declined 1.4 percent, which excluded fuel. Wal-Mart expected... More of this article »
Michigan Reaps the Benefits of Healthy GM
Michigan is now enjoying the rewards of a healthy General Motors. Since 2009, almost half of the investments made by GM have benefited the state. This was according to its CEO and Chairman Dan Akerson. GM invested $8.5 billion and... More of this article »
US Postal Service Losses $1.9 Billion in 2nd Quarter
The United States Postal Service posted a loss of $1.9 billion in the second quarter as the agency slashed workers’ hours but had a hard time dealing with the drop in mail volumes. This was according to the announcement made by the... More of this article »
Herbalife Makes Progress in Replacing KPMG
In a conference call with analysts, Herbalife said it is making progress in looking for a new accounting company. The nutritional products firm had to search for a new accounting company after KPMG resigned earlier this month after... More of this article »
Chrysler’s Quarterly Earnings Plunge due to Model Changes
Chrysler Groups announced its earnings for the first quarter were $166 million, which was down over 65%. Revenue was $15.4 billion, which was down 6%. Chrysler announced that the first quarter was affected negatively by reduced shipments... More of this article »
Has Novartis Infringe on its Corporate Integrity Agreement?
The US Department of Justice filed two lawsuits in the span of one week against Novartis for alleged paid kickbacks to improve prescriptions and caused federal healthcare programs to pay for medicines based on false claims. A complaint... More of this article »
Profits up, Revenue down for Burger King
Burger King Worldwide on Friday announced that its first quarter profit more than doubled because of less expenses, which helped to offset negative sales in their same-stores and revenue that was lower. The company went public back... More of this article »
AB InBev and Grupo Modelo Reach Accord with Justice Department
The Department of Justice in the U.S. announced this week that it had reached a settlement with Grupo Modelo and Anheuser-Busch InBev over a merger between the two companies. The deal is worth an estimated $20 billion. The DOJ approval... More of this article »
Housing Starts Go Up due to High Demand for Multifamily Units
New-home construction in the United States went up in March to its highest level in five years. It was attributed to the increase in the demand for multifamily buildings that support economic growth. Starts gained 7 percent to a 1.04... More of this article »
Reimann Family Investment firm acquires another Coffee Business
Joh A. Benckiser, the investment firm based in Germany, took over its third coffee business in less than 12 months. The Reimann family investment arm agreed to pay $9.8 billion for D.E. Master Blenders. Based in Amsterdam and well... More of this article »
Nissan, Honda and Toyota Announce Huge Recall
On Thursday, the big three carmakers of Japan announced that a recall of more than 3 million vehicles will take place around the world because of defects the air bag system has on the passenger side of the vehicles. Takata Corp, a... More of this article »
Family Dollar Stores release latest Financial Data
On Wednesday, Family Dollar Stores released first quarter earnings information. The company said it earned $1.21 per share for the first three months of 2013, which missed the estimate of Wall Street analysts that was $1.22 a share. The... More of this article »
Global Car Sales: Ford Has Top Selling Car
Small cars across the globe equal big sales for U.S. automakers. The Ford Focus was announced as the clear-cut winner, as the top seller for global sales, easily taking the top spot against the second place finisher the Toyota Corolla.... More of this article »
US Firms in China Face Data Theft
At least a quarter of companies that are part of a leading US business lobby in China have been victimized of data theft. This is according to a report released by the American Chamber of Commerce in China. The report came as Washington... More of this article »
Anheuser-Busch reaches agreement with DOJ
The U.S. Department of Justice and Anheuser-Busch InBev said on Friday they had reached an agreement in principle to settle the beer fight that has been long running. The two asked a court for an extension in the current stay in their... More of this article »
Best Buy to install Mini Samsung Shops
Samsung, the electronics giant, based in South Korea will ratchet up its competition with archrival Apple Inc, by having its own mini-store with Samsung staff inside Best Buy stores in the U.S. The idea said Samsung, is to highlight... More of this article »
ADP Report Shows increase of 158,000 Jobs for March
Companies in the U.S. hired fewer workers than had been projected for March due to limited construction hiring according to the private report from ADP based on the country’s payrolls. The increase in jobs was 158,000 making it the... More of this article »
Manufacturing Grows Less than Forecast in March
Manufacturing grew less than estimate in March as orders and production slowed down. It indicated the risk of a US economic slowdown in the first quarter as federal budget cuts take effect. The Institute for Supply Management’s factory... More of this article »
Five Month High in U.S. Consumer Spending
In February, U.S. consumer spending climbed by more than at any time in the past five months, due to salary increases signaling a job market improvement is helping to increase demand. Purchase in household, which are nearly 70% of... More of this article »
Darden’s Restaurants Profits Drop but beat Wall Street
Profits for the third quarter at Darden’s were down by 18%, as lower sales at Red Lobster hurt earnings. However, the restaurant chain still beat Wall Street estimates. The Orlando, Florida based company said last week that sales... More of this article »
Nike Stock Jumps on Earnings Report
The largest maker of sporting goods in the world, Nike, Inc saw its stock price jump the most in more than 48 months on Friday. The increase was due to investor’s concerns easing over the company profitability and business in China... More of this article »
Fiscal Policy Worries Hit Consumer Sentiment
In the first part of March, consumer sentiment plunged to its lowest point since December of 2011. Experts believe the consumers dissatisfaction with the economic policies of the government and fewer people expect improvements to be... More of this article »
VW Targets 60% increase in China Production by 2018
Europe’s largest automaker, Volkswagen AG, announced on Thursday its plans to increase its production of vehicles in China by over 60% in the next five years. The Germany automobile giant last year saw its earnings in China increase... More of this article »
Small Business Optimism Goes Up for 3rd Month in a Row
Confidence among small businesses in the United States increased in February for the third straight month of gains. Company leaders said they are more willing to invest in equipment and inventories. The National Federation of Independent... More of this article »
Over 236,000 Jobs Added in U.S. during February
Hiring during February increased in the U.S. to the tune of 236,000 new jobs that helped lower the unemployment rate to just 7.7% from the previous month’s 7.9%. Many analysts said that the surge in hiring was an indication that... More of this article »
European Auto Market to be weak for Years to Come
Sales of new cars in Europe will remain weak for up to another 60 months at minimum said executives in the industry on Tuesday. The auto executives said due to the implementation of austerity programs in the region car buyers would... More of this article »