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Vital Therapies Stock Plunges Following Failed Trial For Liver Therapy
Vital Therapies Inc lost nearly 75% of its market value on Friday after the company announced that its therapy for the liver failed to reach its main goal in a recent late-stage study, which raised doubts about the treatment’s future. The... More of this article »
Sears Reports Profit for the Quarter But Sales Drop
Sears Holding Corp reported its first profit for a quarter in over three years Thursday due to a gain that was one and off from sales of many stores. However, sales at the struggling retailer continue to drop at a clip of double digits. The... More of this article »
Lenovo Sets Up Manufacturing Facility in India
Lenovo Groups announced on Tuesday it would establish an assembly unit for smartphones in India, becoming the largest company from China thus far to respond to Narenda Modi the Prime Minister’s campaign of turning India into a powerhouse... More of this article »
AT&T Increases Data Plans for Mobile Users to Maintain Pace
The time is right to be a wireless subscriber at AT&T as the wireless provider boosted its data plans and has added other perk to maintain competiveness with Sprint, T-Mobile and Verizon. Late last week, AT&T announced its... More of this article »
Chipotle Raises Prices of Products Containing Beef
Chipotle the burrito giant of the fast-casual restaurant world is now charging more for menu items that have beef. The company cited continuing increases in beef prices, with the burrito chain charging between 4% and 6% more for its... More of this article »
Macy’s Sales Lower Than Had Been Expected
Macy’s Inc posted quarterly sales that were lower than had been expected as a strong U.S. dollar substantially reduced the spending by foreign visitors in the U.S. and the business discounted to move merchandise delayed because of... More of this article »
Endo International Revenue and Earnings Beat Targets
Endo International on Monday posted adjusted earnings that were better than had been expected during its second quarter, as the sales were given a boost from its recent acquisitions, although its discontinued operation hit its bottom... More of this article »
Tata Motors Slashes Targets for Production and Sales
Tata Motors has cut its production, price and sales targets at its Jaguar Land Rover luxury brand in China, a top company executive said, as it is struggling with a slowdown in the market that is creating high inventories. Economic... More of this article »
Profit Up at New York Times on Digital Growth and Cost Cuts
Advertising revenue dropped at The New York Times, but revenue for digital subscriptions and advertising sales both were up. The New York Times Company reported on Thursday a better than had been expected growth in earnings during... More of this article »
Kellogg Earnings Fall by 24% On Strong Dollar, Weak Domestic Demand
Kellogg Co announced that its earnings for the second quarter had dropped by 24% as its international sales were hit by the stronger dollar and weak demand domestically for its cereal and other types of its packaged foods. Kellogg,... More of this article »
Windows 10 Scam Being Sent Via Email
Fraudulent emails that are encouraging people to upgrade to the new Windows 10 are dropping ransomware into computers and not the new operating system from Microsoft. If you are waiting for your copy of the new Microsoft operating... More of this article »
FireEye Shares Drop Prior to Opening Bell on CFO Departure
Shares of FireEye Inc, the cyber security company fell during Friday’s premarket trading, the morning after the CFO of the company announced he would be leaving. Michael Sheridan had been the CFO dating back to 2011 and the company... More of this article »
Goodyear Profit Exceeds Estimates on Demand in North America
Goodyear Tire and Rubber Co, the largest tire maker in the U.S. by sales reported a quarterly profit that was better than had been expected helped from a higher demand in the region of North America and lower costs. Goodyear said tire... More of this article »
Allergen Bid Might Be Better for Teva
Following months of battling in its hostile takeover bid for Mylan, its rival, Teva Pharmaceutical’s move to acquire Allergan’s generic drug segment might instead be a smoother course that could bring in bigger and faster returns. Teva,... More of this article »
Biogen Slashes Forecast on Weakness of Tecfidera
Biogen Inc announced on Friday that it has slashed its outlook for revenue and earnings for the full year as its growth in sales for its multiple sclerosis drug is still weakening. Biogen said it expects to have earnings per share... More of this article »
Whirlpool Profit for the Quarter Drops on Strong Dollar
Whirlpool Corp posted a lower net profit for the quarter on Wednesday due to weak Brazilian sales and a strong U.S. dollar. The company announced that it had initiated capacity reduction and cost cutting activities. Its acquisitions... More of this article »
Hertz Projecting Earnings at Top of Forecasted Range
Hertz Global Holdings said it was anticipating its earnings for the full-year to be near its forecast’s top-range providing a strong lift for the stock after a number of restatements for financials and a deep retooling of its operations. The... More of this article »
Chipotle Finds Carnitas Crisis Solution
According to a report by a national news agency, Karro Food from the United Kingdom is coming to the rescue of the hugely popular restaurant chain Chipotle Mexican Grill. This might come as a big surprise to many who expected that... More of this article »
IBM Announces Most Powerful and Densest Microchip Available
IBM, the tech behemoth announced it developed a new microchip to be used in computers that is four times stronger than ones currently on the market. The firm said on Thursday that it manufactured the chips with its components that... More of this article »
Taco Bell Starts Delivery Service Test at 200 Locations
Taco Bell does not want customers to leave their couches the next time they have a craving for their chalupa. The Tex-Mex fast food company said it would start testing its delivery service Wednesday at 200 of its restaurants in Los... More of this article »
Allot Announce Severe Warning on Revenue Shares Tumble
Allot Communications released a severe profit warning that sent its share price tumbling on Monday’s Tel Aviv Stock exchange. The share price for the company is nearly 12% off in Tel Aviv. The company that specializes in broadband... More of this article »
Photo leaked on Internet Shows Blackberry Operated by Android
Blackberry has insisted it is reinventing itself by developing a totally different smartphone. Now a photo that was leaked on the Internet shows Venice a Blackberry smartphone with the Android operating system. The photo shows the... More of this article »
Xiaomi Sales of Smartphones Not So Disappointing
Often called the Apple of China, Xiaomi has revealed disappointing sales numbers for his first six months of the year, but analyst insist the growth for the maker of smartphones is not grinding to a stop. On Thursday, the company announced... More of this article »
Celgene Investing $1 Billion in Juno Therapeutics
Juno Therapeutics shares soared on Tuesday a day after Celgene a bigger drug developer announced its plans to invest close to $1 billion in the company mostly through purchases of stock as part of a new collaboration to develop autoimmune... More of this article »
Ikea Raising Minimum Wage for U.S. Workers
Ikea Group the largest furniture retailer in the world will raise its minimum wage per hour it pays employees in the United States by 10%. That will make the rate $11.87 in an attempt to keep employees from leaving to work for other... More of this article »
Facebook Catching YouTube in Ads for Videos
Facebook has gained more ground on YouTube, owned by Google, as an outlet for the big companies to market products through videos online, which is now the fastest growing Internet ads category, said a report on Monday. The competition... More of this article »
Cisco Investing $2 Billion in India During 2015
U.S. tech giant Cisco announced on Thursday that it has committed to manufacturing in India and is going to invest $2 billion this year into the country The U.S. based company, which pumps over $1.7 billion each year, is investing... More of this article »
Alibaba Wants to Make China’s Version of HBO and Netflix
Alibaba Group Holdings is planning to build a version of HBO and Netflix in China via a new service named Tmall Box Office, as it attempts to service over 600 million families that are craving additional content that is entertaining. Tmall... More of this article »
Passenger Airplane Number Estimated to Double in Two Decades
Demand for new passenger planes across the globe is expected to continue its upward track as millions of people throughout developing nations take to the air for just the first time. Over the upcoming 20 years, airlines around the... More of this article »
Bayer Sells Diabetes Care to Panasonic Healthcare
Bayer entered into an agreement with Panasonic Healthcare Holdings to sell its Diabetes Care company. Panasonic Holdings is backed by the Panasonic Corp and KKR and the sales price it has agreed to pay is $1.15 billion, said company... More of this article »
Nestle Has to Pull Maggi Noodles from Shelves of Indian Stores
Nestle SA is battling a reputation problem in India and has had to pull its Maggi instant noodles from stores throughout the country after regulators reported that some packets contained an excess amount of lead. After being criticized... More of this article »
Dollar General Earnings Beat Expectations
Dollar General Corp reported earnings that were better than had been expected during its first quarter, but sales did not reach analysts’ expectations. The company based in Tennessee posted net income for the quarter of $253 million... More of this article »
NSA Planned Hacking of Android Phones and Google Play Store
NSA, the National Security Agency, partnered with governments from four countries on a programmed attack seeking to infect millions of different smartphones with its spyware according to a recent report. This program, codenamed Irritant... More of this article »
Urban Outfitters Plunges as Earnings Miss for First Quarter
Urban Outfitters Inc shares plummeted by over 16% in trading after hours on Monday following fiscal first quarter 2016 results that were lower than had been expected due to margins that were subdued. The earnings for the company... More of this article »
Netflix in Talks with Wasu to Enter China
Netflix Inc has entered talks with Wasu Media Holding a media company based in China backed by Jack Ma, as well as with other possible business partners as it looks to enter into the $5.9 billion video online market in China. Netflix... More of this article »
Facebook Boosts Pay of Low Wage Earners
Facebook has become known for offering its employees some perks that have become enviable. Now the social media giant wants its janitors and other workers who are low wage earners to get a boost as well. The company on Wednesday announced... More of this article »
Apple Extending Its Green Footprint into China
Only 3 weeks after capturing the headlines locally with its plans of investing in solar farms, global tech leader Apple is now rolling out even more initiatives that are environmentally friendly in its attempt to impress both government... More of this article »
Adidas Sees Increase in Profit, Reebok Rebounds
Adidas AG posted a net profit for the first quarter that was 8.2% higher on its improved performance of its namesake and its Reebok brands with strong sales in the United States along with other markets, which relieved pressure that... More of this article »
Profits by Airlines Soar Thanks to Fuel Prices Falling
The airline industry in the U.S. is falling over all the money it is earning. Earnings for the first quarter have been posted by all of the big carriers in the U.S. and each announced profits that were impressive. Leading the pack... More of this article »
Volkswagen Sees Net Profit Increase by 19%
The largest carmaker in Europe, Volkswagen announced Wednesday that its net profit had risen by 19% during the first three months of 2015, as the automaker in Western Europe began its recovery. However, the earnings at VW, the second... More of this article »
Chipotle No Longer to Serve Food that is Genetically Altered
Chipotle Mexican Grill will become the first big restaurant chain to start serving only food free of ingredients that are genetically engineered. The chain made its announcement on Monday. Steve Ells the co-CEO and founder of Chipotle... More of this article »
Aspartame Dropped by Diet Pepsi
PepsiCo announced that it would no longer use aspartame in its Diet Pepsi due to customer worries. The company said it would replace it with sucralose, which is another artificial sweetener know more commonly as Splenda. The soft drink... More of this article »
PepsiCo Beats the Street on Profit
PepsiCo Inc posted quarterly profit that was better than had been expected helped by better demand for its Frito-Lay snack food in North America and the sale of beverages across the Americas. Frito-Lay revenue was up by 3.1% to end... More of this article »
Apple Watch: Impresses for the Most Part in First Reviews
The reviews have started to come in on the Apple Watch that was launched on Friday and critics have started giving their opinion of the high-tech timepieces. The overall consensus seems to be that the sleek wearable by Apple is cool... More of this article »
Alcoa Starts First Quarter Earnings Season
Alcoa as usual has unofficially started the earnings season for the 2015 first quarter on Wednesday with results where profit beat expectations but revenue did not, hinting that the upcoming earnings reports deluge might be a rough... More of this article »
Urban Outfitters Revenue and Earnings Beat Estimates
Urban Outfitters shares were up by over 6% in aftermarket trading on Monday on fourth quarter better than expected results. Earnings were 60 cents per share and beat Wall Street’s projections of 57 cents per share and were one penny... More of this article »
Java Loading Adware on Macs
A number of websites require computers to use Java, but the latest update of the program for Macs includes adware. The new update automatically installs an add-on for the Web browser for Ask.com. When a search is performed, Ask.com... More of this article »
Herbalife Stock Plummets Close to 11% on Negative Outlook
Herbalife shares plummeted on Friday by close to 11% as investors received a dimmer outlook from the company for 2015. The company on Thursday after the close of the market released its earnings report for the fourth quarter. Entering... More of this article »