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Death Toll of Dairy Cows to Pass 30,000 in New Mexico and Texas
New Mexico and Texas diary producers have estimated that the death toll amongst cows during the winter storm that just passed named Goliath will surpass 30,000. The winds are thought to be the cause of death of many of the animals.... More of this article »
One Billion Users Might Not Be Sufficient for Phone Carriers in India
India has signed up its one billionth customer for mobile phones joining China as the only two countries that have crossed that threshold. However, the base of one billion might not be sufficient to keep the wireless industry from... More of this article »
Pep Boys Receives Superior Offer from Icahn
Pep Boys, the auto parts chain, said its board has determined that the most recent offer by Carl Icahn, the activist investors, for buying out the company was superior to that of a deal it accepted from China-based Bridgestone. The... More of this article »
Port of Los Angeles Introduces New Era of Megaships
On Saturday, the CMA CGM Benjamin Franklin arrived at the Port of Los Angeles. The massive blue ship is 1,300 feet in length, 177 feet in width and 197 feet in height. The ship is able to carry up to an equivalent of 18,000 of the... More of this article »
Starbucks Predicting Gift Cards to Be Huge Hit for Holidays
Starbucks is expecting a great deal of business from shoppers who wait until the last minute on Christmas Eve. The coffeehouse chain is predicting sales in record numbers of its gift cards on December 24, likely topping the North American... More of this article »
Tim Cook Said Idea Apple is Avoiding Taxes is “Political Crap”
Tim Cook the CEO at Apple dismissed the notion that the Cupertino, California based tech behemoth was avoiding U.S. taxes as “total political crap.” The remarks by Cook were made during an interview that aired on 60 Minutes Sunday... More of this article »
Apple Has New COO and Chief of App Store
Apple Inc. announced a number of changes to its teams of leaders on Friday, including promoting Jeff Williams to COO, which is a role that was last held by Tim Cook but has been vacant since he became the CEO at Apple back in 2011. Williams,... More of this article »
Facebook Taking on Yelp and Angie’s List with New Services
Facebook has quietly been testing one of its new features that direct users to the best reviewed and rated local providers of service in the area in which they are located. At the URL Facebook.com/services, that is easy to access,... More of this article »
Chagas Treatment Drug Price to Be Raised by Martin Shkreli
Turing Pharmaceutical’s founder Martin Shkreli was the cause of a big stir after he jacked the price of an old drug that AIDS patient take from its original $13.50 per pill to $750 earlier in the year, after he suggested that the... More of this article »
Volkswagen CO2 Emissions Affect Fewer Vehicles Than Was Feared
The number of Volkswagen vehicles whose carbon emissions were understated is far less than first feared said the German automaker on Wednesday. This provided some relief for VW as it continues battling a wider scandal of diesel emissions... More of this article »
Sony Banking on Record PlayStation 4 Sales for Turnaround
The PlayStation 4 popularity is bolstering the long term confidence at Sony for its games console after sales surpassed 30 million units in November. The PS4 is the fastest selling console for home use ever, exceeding the PlayStation... More of this article »
Loss Narrows at Big Lots, Profit Outlook Lifted
Big Lots Inc announced that its loss had narrowed during the third quarter, as there was modest growth in revenue. The company raised its lower end of guidance for 2015. The company, based in Ohio, buys a broad range of discounted... More of this article »
Nissan and Toyota Gain U.S. Market Share in Strong Month
Automakers took advantage of early deal making for the holidays to keep sales in the U.S. on a run that was unprecedented during November, helped by an economy that strengthened and inexpensive prices of gas at the pumps that whetted... More of this article »
Blackberry Will Leave Pakistan As It Rejects Demands for Monitoring
Blackberry confirmed that it was leaving Pakistan in response to the government’s demands to monitor the user data on the company’s service. Last July, the PTA or Pakistan Telecommunications Authority said it would shutdown the... More of this article »
Huawei Mate 8 Moves Up to New Phablet Heights
Huawei has launched the Mate 8 its flagship phablet the new 6-inch device is a sleek, fast, good value, great battery life phablet with the most up to date Android version available. The release for other countries besides China will... More of this article »
Sony Sales for PlayStation 4 Pass 30 Million
Sony’s game console PlayStation 4 has sold over 30.2 million consoles worldwide since its original launch just two years ago. That figure is up from the last report of sales of PS4 in January of 18.5 million, which included over... More of this article »
Pfizer to Tie the Knot with Allergan in Deal Worth $160 Billion
Pfizer and fellow drug maker Allergan announced Monday morning that they would be merging in a huge deal of $160 billion that would create the largest drug maker in the world, producing treatments that vary from Botox to Lipitor. The... More of this article »
Abercrombie & Fitch Report Higher Profit for Third Quarter
Abercrombie & Fitch showed more progress during the third quarter in efforts to revamp its brand while weaning its customers from its heavy discounts. It helped the teen focused retailer to post a higher profit for the quarter. Profit... More of this article »
Amazon Starts Its Deals for Black Friday This Week
Black Friday at Amazon starts this week with eight consecutive days of deals. The online behemoth announced on Wednesday that it would start offering its deals for Black Friday this Friday November 20 and have deals continuing throughout... More of this article »
Constellation Brands Acquiring Craft Brewer for $1 Billion
Constellation Brands placed a $1 billion bet on the rapidly expanding craft beer market on Monday announcing that it reached an agreement to purchase Ballast Point Brewing and Spirits based in San Diego for a price of $1 billion. Founded... More of this article »
Cisco Forecast for Second Quarter Misses
Cisco Systems the maker of network equipment forecasted revenue and adjusted profit growth for its second quarter that was below estimates of analysts citing slow order growth and a weakness in its international enterprise business. A... More of this article »
Alibaba Smashes Sales Record for Singles Day
It took just half the time for Jack Ma this year to sell what was sold last year with his online sites. Transactions through the Alibaba Group Holding during the once a year Singles Day shopping event surpassed 57.2 billion yuan or... More of this article »
Lufthansa Cabin Crew Strike Grounds Thousands
Lufthansa the German airline had to cancel 290 of its flights on Friday, which ground more than 37,500 passengers due to a cabin crew strike in a long running disagreement over the savings the airline is aiming for to fend off its... More of this article »
ConAgra Foods Ending Private Label by Selling to TreeHouse Foods
Close to three years after it entered the business of private label foods, with a deal of $5 billion to acquire Ralcorp Holdings, ConAgra Foods is leaving the marketplace after its business did not deliver the profits anticipated and... More of this article »
Valeant Drops Mail-Order Pharmacy Philidor
Valeant Pharmaceuticals International a maker of drugs, whose practices of aggressive pricing have helped it become a lightning rod for much criticism, announced on Friday it was ending a relationship it had with a pharmacy it used... More of this article »
Maersk Cutting 12% of Jobs Related to Oil
A.P. Moeller-Maersk is planning to cut up to 12% of its global workforce in its oil unit amidst the lower prices of crude that have remained at lows for the past year. The job cutting move is an attempt to help Maersk Oil fulfill its... More of this article »
Amazon Sales Beat Expectations with Prime Event Help
Amazon.com Inc saw its shares soar following the announcement that its sales for the third quarter topped estimates of analysts thanks to the cloud-computing division that is rapidly growing, a boost from July’s Prime Day event... More of this article »
Facebook Warning Users They Might Be Targets of Attacks
Years after Google had implemented a feature that is similar for users of Gmail, Facebook said it would start alerting its users if it suspects they might be a target of attacks that are state-sponsored. That is if Facebook believes... More of this article »
Delta Beats the Street on Profit As Fuel Continues to Fall
Delta Air Lines posted a profit for the third quarter that beat estimates of analysts on lower cost of fuel and signaled a progress in regaining pricing power amidst pressure from rivals that offer discount fares. A revenue gauge showed... More of this article »
Apple’s Lowest iPhone Share in U.S. Offset by China
Kantar has released its smartphone numbers of August, which showed that the iPhone from Apple is having its lowest market share in the U.S. since October of 2011, gaining a little more share of month to month inside China and seeing... More of this article »
Probe Over Breach by Uber Focuses on Executive at Lyft
Investigators looking into a data breach last year and theft of records for drivers from Uber Technologies have uncovered indications that implicate an executive at Lyft a rival app that also specializes in ride hailing. The investigators... More of this article »
Antipsychotic Long Lasting Drug Approved by FDA
The U.S. Food and Drug Administration has approved a new drug for schizophrenia by Alkermes PLC a biotech company in Ireland with executives based in Waltham. The new drug, Aristada, is a longer acting version of Abilify an antipsychotic... More of this article »
Facebook to Use Satellites for Broadband in Africa
In its most recent quest to open up access to Internet to the developing markets Facebook partnered with Eutelsat Communications a satellite company based in France. Scheduled for launch during the second half of 2016, the initiative... More of this article »
Teva Acquires Rimsa the Pharmaceutical Company in Mexico
Teva Pharmaceuticals Industries will acquire Representacions e Investigaciones Medicas a pharmaceutical manufacturing as well as distribution company based in Mexico and known commercially as Rimsa. This deal includes a large portfolio... More of this article »
WHO Calls For Early HIV Drug Treatment for All
Everyone who has HIV should receive antiretroviral drugs as early as possible following their diagnosis, which means over 37 billion people globally, should be receiving the treatment said the (WHO) World Health Organization on Wednesday. Recently... More of this article »
Alcoa Splitting Company into Two
On Monday, Alcoa Inc announced that it would split the company into two separate entities – its aluminum smelting operations that are struggling from its lightweight metals production from its faster growing automotive and aerospace... More of this article »
Total Slashing Spending as Price of Oil Hits Hard
Total, the energy group based in France announced on Wednesday that it was slashing its capital spending, while delaying the start of several projects and upping its targets for cost cutting in a response to the dramatically lower... More of this article »
Macy’s to Hire Fewer Seasonal Workers for the Holidays
Macy’s plans to hire fewer temporary employees for its holiday season this year. This is news that arrives just a couple of weeks after the retailer cut its sale forecast for the full year due to a poor start at the beginning of... More of this article »
Apple Wins Court Ruling Forcing Samsung to Make Changes
Apple Inc has won a ruling by a federal court that might force South Korea based Samsung Electronics to stop the use of some features in its Galaxy older model smartphones as well as tablet and give the maker of iPhones a better leg... More of this article »
Ford and Alcoa Expand Deal for Aluminum
Ford Motor Company has reached a new deal with Alcoa that will expand its aluminum use in the F-150 pickup as well as in other vehicles. A big change for the lightweight metal as the car industry has long favored the use of steel. The... More of this article »
Airbus Challenging Boeing Through New Factory in the U.S.
French airplane manufacturer Airbus will unveil a new factory of $600 million in the state of Alabama, setting itself up for a fight with its biggest rival Boeing on home soil. The new plant located in Mobile for airplanes that are... More of this article »
Collegium Painkiller Given Green Light from FDA Panel
The experimental opioid painkiller by Collegium Pharmaceutical has moved another step closer to FDA approval after a panel of expert advisers to the United States Food and Drug Administration voted unanimously in favor of its painkiller. The... More of this article »
Report: Samsung Eliminating 10% of Staff at Head Office
Samsung is reportedly planning to layoff as much as 10% of its staff at its South Korea headquarters in a move that highlights the continuing struggle it has to compete with lower cost smartphone makers from China and Apple in the... More of this article »
Fiat Chrysler Recalls Additional Cars to Fight Off Hackers
Fiat Chrysler Automobiles ordered its second recall in the last two months to install software that will protect against hackers. The recall was ordered on Friday and will update software in more than 7,800 of its Jeep Renegade 2015... More of this article »
Labor Market In U.S. Still Strong Despite Less Job Growth
Job Growth in the U.S. slowed during August, but the rate of unemployment dropped to close to a low of 7 ½ years, while wages moved higher, keeping the prospects alive of a interest rate increase by the Federal Reserve later in September. Nonfarm... More of this article »
Navistar Posts Loss, Continues its Restructuring
On Wednesday, Navistar International reported a third quarter $8 million net loss equal to 34 cents a share. Officials at Navistar announced that the company was hurt from lower export sales of parts and trucks and continued efforts... More of this article »
Walmart Cuts Workers Hours After Making Pay Raises
Walmart Stores Inc is currently spending over $1 million to raise the wages of employees and giving them more training, but at the same time has been cutting the amount of hours some work in an attempt to keeps its costs in line. Regional... More of this article »
Pentagon Teaming Up with Boeing and Apple for Wearable Tech
The Pentagon will team up with Apple, Harvard, Boeing and others for the development of high-tech sensory gear that is flexible enough that people can wear it or it can be molded onto a jet’s exterior. The rapidly changing world... More of this article »