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Deal for Sprint Sweetened by SoftBank
Sprint Nextel shareholders have been offered a better deal by SoftBank in an attempt to stave of Dish Network’s chances of taking over the wireless carrier. Softbank increased their offer to Sprint shareholder to $21.6 billion. The... More of this article »
Google to announce acquisition of Waze
Google Inc. will announce as soon as Monday its agreement to acquire Waze, Inc. a provider of different map software. The price of the acquisition is said to be $1.1 billion a person familiar with the negotiation said. Google ensures... More of this article »
U.S. Panel looking into Smithfield Acquisition by Chinese Company
Most experts do not think a Chinese company’s acquisition of Smithfield Foods will face any problems with the U.S. Foreign Investment Committee, but some members of Congress have become concerned. Shuanghui International Holdings... More of this article »
Samsung Stubs its Toe in the amount of $12 Billion
sung, smartlSamsung Electronics, the electronics giant based in South Korea, saw its market value plummet by $12 billion on Friday. Brokerages downgraded the stock that underscored growing concerns over the company’s slowing sales... More of this article »
Jobs Report: Payrolls add 175,000 New Positions
Employers in the U.S. took on 175,000 more workers in the U.S. during May, which was more than had been expected. This showed that the largest economy in the world is weathering the impact of budget cuts and higher taxes. The Labor... More of this article »
PepsiCo reportedly looking to acquire SodaStream
In trading in Germany on Thursday, SodaStream International surged after a website in Israel reported PepsiCo was is takeover talks with the soda machine maker for over $2 billion. The SodaStream stock price jumped to $102.28 or a... More of this article »
Amazon to sell Groceries Online
Walmart, Target and many others have been notified. The grocery industry has grown by one, as Amazon.com has become a new player in the industry. A report says Amazon will unveil its new online grocery business that has been developed... More of this article »
Hotels Offering No-Frills Approach
In today’s world, check-in clerks, bellhops and room service all are facing extinction. When you check in next to a hotel, it might surprise you that the bellhop is the front desk clerk or that there is no bellhop or even a desk... More of this article »
ISS Backs SoftBank’s Bid for Sprint
Investors of SprintNextel Corp have been told by Institutional Shareholder Services that they should accept the takeover bid of $20.1 billion from Softbank Corp. The report by ISS did not mention another offered that was presented... More of this article »
U.S. Probing Oregon GMO Wheat
Just two days following the news that genetically modified wheat was found growing in the state of Oregon, officials from the U.S. said they were not any closer to knowing it origin, while Japan was joined by South Koreas in suspending... More of this article »
Dell Special Committee Backs Silver Lake Plan
A special committee set up to evaluate takeover bids for Dell Computer says its supports the buyout offer of Silver Lake Partners for $13.65 per share. The plan was offered by both Silver Lake and Michael Dell, the founder of the company. That... More of this article »
Jobless Rate in Eurozone Reaches Record High
The unemployment rate in the eurozone increased to a new record high in April after the recession in the common currency zone deepened during the first three months of 2013. The data just added more pressure to the leaders of the region... More of this article »
Walmart Guilty of Environmental Crimes
Walmart Stores Inc, on Tuesday pleaded guilty to environmental crimes in three separate cities that had been committed at its stores. In San Francisco and Los Angeles federal courts, the huge retailer admitted to violations of the... More of this article »
Prices of homes in March set seven-year record high
Prices for single-family homes in the U.S. rose during March, experiencing their biggest annual gain in close to seven years as more evidence of the strengthening recovery in housing is providing support that the economy is growing. The... More of this article »
Chile Fines Barrick Gold Corp Millions
The Chilean government created the Environmental Superintendency recently to make certain that its environmental laws were adhered to. At the end of 2012, the governmental entity began its operations because of the growing concern... More of this article »
Lafley returns to lead Proctor & Gamble
Former CEO of Proctor & Gamble A.G. Lafley has returned once again to lead the company. The announcement of his return triggered a spike in the share price of company stock, but revived some questions about his tenure before and... More of this article »
Galaxy S4 reaches 10 million in sales in less than 30 days
South Korea based Samsung Electronics announced that global sales for its newest smartphone Galaxy S4 had reached 10 million in less than a month after its global launch date. The latest in Samsung’s stable of smartphones has successfully... More of this article »
Electronics Retailer Best Buy See Quarterly Sales Decline
Best Buy’s revenue fell more than had been expected during the electronic giant’s first quarter. Prior to the release of the quarterly earnings report, the stock had been one of the best performing of the year in the S&P 500. The... More of this article »
Actavis to acquire Warner Chilcott
Actavis, the generic drug maker, has been talked about over speculation of being taken over, is planning to buy Ireland’s Warner Chilcott the specialty pharmaceutical firm for a price of $5 billion. Both companies announced the deal... More of this article »
Yahoo Negotiating with Tumblr for possible Acquisition
The acquisition of Tumblr is becoming a sweepstakes. Multiple reports say the social blogging site is amidst serious talks with Internet giant Yahoo, which wants to make a strategic acquisition, partnership or investment. If the outright... More of this article »
JC Penney Absorbs another Huge Quarterly Loss
The only good thing about the last quarter for JC Penney is it has finally ended. The retailer, which has struggled over the last few years, lost $289 million for the quarter that ended May 4. Sales plummeted by 16.4% compared to last... More of this article »
Walmart Slumps as Consumers Spend Less
Walmart, the biggest retailer in the world by sales, has reported a drop in sales in the U.S. that was unexpected and pointed to mounting pressure on consumers in the low-income area. After Walmart reported the news, its share prices... More of this article »
Tesla Stock Soars
Tesla the electric carmaker saw its share prices jump by 2.5% on Tuesday to $90 after it had jumped by over 14% on Monday. The stock’s spike in price started during the first week of May when quarterly earnings showed the company... More of this article »
White House Considering Expanding Nature Gas Exports
Natural gas production in the U.S is setting new records annually. Times of surging prices because of shortages are a thing of the past and talk now is about how much of the natural resource should be exported. Just a couple of years... More of this article »
Wireless Carriers Negotiating with ESPN
On Friday, ESPN was said to be in talks with one or more wireless carriers over the possible subsidizing of data plans for certain customers for their consumption of data content from the network. There are more than 45 million ESPN... More of this article »
Annual outlook Increased by Green Mountain Coffee
The makers of single serve coffee brewers, Green Mountain Coffee Roasters, increased its complete year outlook for earnings Wednesday following its better than expected second quarter earnings. Green Mountain is the maker of the single-serve... More of this article »
Toyota Announces Net Profit that Triples
On Wednesday, Toyota announced that its net profit for a full year had tripled to end at $9.7 billion. Cost cutting and a weak yen helped to inflate the Japanese and world’s largest automaker’s bottom line. The automaker giant... More of this article »
Apple Moves into No. 6 spot in Fortune 500 List
Cupertino, California based Apple climbed 11 spots in the Fortune 500 to No. 6 with annual revenue exceeding $156 billion. The tech giant is now the official leader of all tech companies. The new ranking is Apple’s highest ever and... More of this article »
Apple Products now to be sold by U.S. Cellular
U.S. Cellular is the sixth largest wireless service provider in the U.S. and it announced last week that it would start later this year to carry products made by Apple. The company’s announcement was part of the earnings report for... More of this article »
Oil Executive Vote Out by Shareholders
One of the Oil Industry’s highest paid executives in the U.S. was pushed out of his job this week. Occidental Petroleum Corp investors forced Ray Irani the Executive Chairman out. Company investors voted overwhelmingly to have Irani... More of this article »
Labor Department Jobs Report Upbeat for April
The U.S. jobs market rebounded sharply in April with 165,000 new jobs, while the unemployment rate fell to 7.5%, its lowest rate in over five years, said the Labor Department on Friday. The jobs figure for April exceeded expectations... More of this article »
Electronics Giant Best Buy Pulls Out of Europe
Troubled electronics retailer Best Buy has decided to pull the plug on Europe. After only five years in Europe, the company will sell its stake in its joint venture with Carphone Warehouse for close to $775 million in stock and cash. Best... 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 »
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 »
Economy Grows During First Quarter but Misses Expectations
The U.S. economy continued its sluggish recovery during the first three months of 2013. Spending cuts by the federal government and a slowdown in business investments thwarted any hope the economy would have stronger growth during... More of this article »
Earnings for Southwest Exceed Wall Street Expectations
Southwest Airlines earned more during the first quarter than what analysts from Wall Street had estimated, but officials from the airline said the federal budget cuts could hurt revenue for the airline going forward. An airfare increase... More of this article »
Sprint Loses Subscribers put posts Numbers Better than Estimates
The third largest wireless carrier in the United States, Sprint Nextel Corp reported a narrower first quarter loss than was expected. This came even though Sprint lost over 560,000 contract subscribers. The loss was $0.21 cents per... More of this article »
Earnings for Caterpillar Drop as Mining Orders Shrink
Caterpillar, Inc. the largest maker of construction and mining equipment in the world reported its sales and earnings for the first quarter on Monday. The company’s results fell short of estimates by Wall Street, as orders slowed... 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 »
Jobless Claims Increase to 352,000
The latest unemployment claims report showed the initial jobless claims to go up while continued unemployment claims dropped. Initial claims were below the 400K level. Seasonally adjusted initial unemployment claims went up 4,000 to... More of this article »
Profits increase at GE for 2013 First Quarter
General Electric, the largest industrial conglomerate by market capitalization in the U.S. announced its profits had increased by 14% during the first quarter of 2013. That increase was obtained even though the company’s results... More of this article »
Shares drop as Nokia Earnings Miss
Sales for basic phones dropped considerably for Nokia during the first three months of 2013, which helped to overshadow the positive performance of its Lumia smartphone line. The Finland-based company said its operating margins would... 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 »
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 »