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AT&T Adds on Privacy Charge for High Speed
For a price of $70 per month, subscribers can enjoy the ultrafast, fiber optic Internet access from AT&T. For another $29 per month, subscribers can avoid being tracked by the system. AT&T introduced a one gigabit per second... More of this article »
Nestle USA Removing All Artificial Ingredients
The consumer craving for more natural and healthier ingredients has spread to junk food, as Nestle SA announced it would remove the artificial colors and flavors from its Butterfinger and Crunch candy bars as well as other chocolates... More of this article »
Goodyear Posts Quarter and Full Year Numbers
The Goodyear Tire and Rubber Company reported its results for the 2014 fourth quarter as well as full year. CEO and chairman Richard Kramer said the company had delivered a record operating income for the full year by successfully... More of this article »
Pinterest Ends Affiliate Links, Prepares for Buy Button
Pinterest, the site for social networking is banning the affiliate links and the redirects it allowed, according to an online watchdog site. The news comes as rumors have surfaced that Pinterest is planning to launch its own buy button... More of this article »
Pernod Ricard Sees Flat Profits on Consumption Crackdown in China
Pernod Ricard announced that its last six months of operating profit in 2014 remained flat as the drinks group based in Paris contended with the government of China’s crackdown on consumption. The second largest spirits company in... More of this article »
Yelp Acquires Eat24 the Food Delivery Service
Yelp the review website has purchased Eat24, a food delivery service online that allows users to order food from over 20,000 restaurants in more than 1,500 cities across the U.S. Shares of the company based in San Francisco were up... More of this article »
China Trade Surplus Hits New Record on Falling Exports
The slumping economy in China hit trade hard during January, as both exports and imports were worse than had been anticipated. The monthly trade surplus increased to $60 billion, which set a new record. Exports from China dropped 3.3%... More of this article »
First Ubuntu Smartphone to Be Launched
The world’s first smartphone by Ubuntu the BQ Aquaris E4.5 Ubuntu Phone goes on sale Monday February 9 in Europe, after years of delays and false starts followed by broken promises. The phone will have a QHD display of 4.5 inches,... More of this article »
Alcatel-Lucent Bolsters Profit through Internet Routing
Alcatel-Lucent announced on Friday that its profit for the fourth quarter was increased by rising sales and cost controls at its business of Internet routing that is high margin. That put the company on track for free, positive cash... More of this article »
AstraZeneca Acquiring Respiratory Drug Segment from Actavis
AstraZeneca announced it was paying $600 million for the rights to the brand respiratory drugs segment of Actavis in North America, as the drug maker reported a drop in profits for the fourth quarter that was steeper that was expected. The... More of this article »
Intel to Buy Lantiq
Intel has entered into an agreement to purchase Lantiq the German network chipmaker for an amount that was not disclosed. Intel is seeking to expand its range of different chips used in gadgets that are Internet-connected, said the... More of this article »
Qatar Airways Acquires British Airways Stake
Qatar Airways had acquired a 9.99% stake, worth 1.15 billion pounds or $1.7 billion in International Consolidated Airlines building better ties with the owner of Iberia and British Airways it collaborates in the one world alliance. Qatar’s... More of this article »
Apple Smashes Projections with iPhone Sales
Apple’s results crushed Wall Street expectations for its fiscal first quarter of 2015 selling an incredible 74.6 million iPhones while earning $18 billion in profits, which was 38% higher from the same quarter last year on $74.6... More of this article »
Revenue Drops at Proctor & Gamble on Strong Dollar
On Tuesday, Proctor & Gamble warned that efforts to trim down and speed its growth in sales by cutting down on brands has been overshadowed by the unprecedented devaluations in currency. Almost every currency worldwide devalued... More of this article »
Mattel CEO Resigns As Struggles at Toymaker Continue
On Monday, Mattel announced that Bryan Stockton the CEO resigned after only two years at the helm of the toy maker, which continues to struggle as its Fisher-Price and Barbie continue with slowing sales in a competitive toy industry. Christopher... More of this article »
General Electric Profit Beats Estimates
General Electric Co surpassed earnings estimates by analysts for the fourth quarter with increased sales in its power and water segment, offsetting the impact of a drop in oil prices. The largest supplier in the world of heavy-duty... More of this article »
Sharp Shares Plummet on Earnings Warning
Investor confidence in Japan-based Sharp was hurt after the Apple supplier warned it might be short of its guidance for earnings for the full year, due to being squeezed by profit margins on its smartphone and television displays. The... More of this article »
Intel Posted Record Revenue, But Weak Outlook Scares Investors
Intel posted revenue that was record setting in 2014 for the chipmaker. Sales for the full year as well as the fourth quarter both improved by more than 6%. However, shares of the largest chipmaker in the world fell during afterhours... More of this article »
Source: Samsung in Talks with Blackberry About Buyout
South Korea based Samsung Electronics offered to purchase Blackberry Ltd recently for up to $7.5 billion seeking its patents as it continues to battle Apple according to one source familiar and documents leaked. The proposed initial... More of this article »
Samsung Launches First Tizen in India For Just $92
South Korean based Samsung Electronics started sales of its Tizen smartphone on Wednesday in India. The inexpensive handset is just 5,700 rupees or $92 dollars. The Z1 operates on the Tizen open-source operating system supported by... More of this article »
Alcoa Ends Best Year in Past Six Years
Alcoa posted its earnings report for the fourth quarter following the closing bell on Monday, which marked the traditional start of the yearend reporting season. It was a good start as well. The largest aluminum producer in the country... More of this article »
Holiday Sales Increase the Best Since 2005
Holiday sales in the U.S. grew at the fastest rate in close to 10 years, helped by the strengthening economy as well as consumers spreading purchases out over a season that was longer, according to an online sale tracking site. Holiday... More of this article »
JC Penney Surprises Skeptics with Holiday Sales
The forecasts for the holiday period of 2014 for JC Penney ranged from a low of a 5% fall in sales to an increase of under 1%. However, the guessing game is over and the skeptics finished last. Surprisingly, the giant retailer reported... More of this article »
Safeway Paying $10 Million in Settlement for Hazardous Waste
Safeway Inc agreed to pay out close to $10 million as settlement for allegations that its chain of grocery stores improperly disposed of different forms of hazardous waste as well as customers’ medical data in California. This agreement... More of this article »
Nissan Sales in U.S. Rise by nearly 7%
On Monday, Nissan Motor Co. posted a jump of 6.9% in sales in the U.S. for December, capping a year that set new records for sales by the automaker in the country. Carmakers expect to end a strong year with robust sales during December,... More of this article »
CES Opens in Las Vegas on Tuesday
The Consumer Electronics Show will open on Tuesday January 6 and included a myriad of products to look at with big tech firms showcasing their latest electronic devices. Tech companies will again be using the CES to unveil what they... More of this article »
McDonald’s More Lovin on the Menu
After a year of sales continuing to fall, McDonald’s is hoping the power of love will spur on a turnaround. Late last week, the mega chain of fast food restaurants unveiled its new ads that will expand on the slogan that has been... More of this article »
Subway in Safety Scandal in China over Food
Subway is the latest brand of foreign fast food to become involved in China in a scandal over food safety. This came after the sandwich chain based in the United States said it was carrying out an investigation of local media claims... More of this article »
UPS and FedEx Make Improvements During Holiday Season
Christmas this year was on time for most everyone. After UPS and FedEx were unable to deliver some gifts last year prior to Christmas day, the two shipping companies improved their performance during this holiday shopping season. UPS... More of this article »
MasterCard Spending Report for Holidays Shows Weak Electronics
Consumers spent strongly on eating out and lodging during the holiday shopping season, while sales were flat in electronics, reflecting a shift that is ongoing toward spending on different experiences instead of on goods, said MasterCard... More of this article »
Gift Cards Have Become Hugely Popular, but Have Risks
Gift cards are widely popular gifts for the holidays as they give the receiver what he or she wants, a chance to pick out his or her very own gift. The popularity of the gift card is undisputable. That segment saw over $31.75 billion... More of this article »
Saudis See Recovery in Oil While UAE Urges Cuts by Non-OPEC
The United Arab Emirates and Saudi Arabia reiterated their pledges to maintain the same production of crude, blaming the producers who are non-OPEC for the oil glut that has driven the price down to its lowest of nearly 5 years. Suppliers... More of this article »
Last Shopping Weekend for Holidays Off to Good Start
Shoppers filled malls as well as department stores on the holiday season’s last weekend prior to Christmas. The weather has cooperated to help increase the prospect for a strong finish to this year’s holiday shopping season that... More of this article »
German Gas Deal Killed by Russian Crisis
Fallout continues to spread from the crisis in Russia with a big gas deal involving Germany being cancelled. BASF said it dropped its plans to hand complete control of its gas trading and storage business to Gazprom from Russia in... More of this article »
BlackBerry Launches New Smartphone the Classic
On Wednesday, BlackBerry unveiled its newest mobile handset device, which is made with the same qualities the smart phone maker traditionally uses with features like a track pad and a physical keyboard. The new device is called the... More of this article »
Uber’s Driver Screening to Tighten After Alleged Rape in Delhi
Uber is planning to tighten the driver screening in its ride service after a scandal emerged over an alleged rape last week by a New Delhi driver. Uber’s service is already banned in many places including in Delhi. Uber states that... More of this article »
Merck & Co Acquiring Cubist Pharmaceuticals
Merck & Co is set to acquire antibiotics maker Cubist Pharmaceuticals in a deal that is estimated to be between $7 billion and $8 billion. A report cited a source that said Merck would pay Cubist close to $102 a share with an official... More of this article »
Automakers Sales Increased in November in the U.S.
Automakers in the United States beat the blahs of Black Friday that hit some other retailers by producing strong sales on cars and light trucks as the consumer jumped at the deal for the holiday season. General Motors, Chrysler Group... More of this article »
Pilot Strike at Lufthansa into Second Day
Lufthansa pilots started their second day of strikes on Tuesday that grounded cargo and long haul flights as well as to European and domestic routes, with thousands of travelers being stranded. The pilot strike of two days, the ninth... More of this article »
Best Buy Online Site Crashes on Black Friday
The website for Best Buy suffered an outage on Black Friday during one of the year’s busiest days of shopping. The website was down for in the early morning hours before coming back online and then crashing again on Friday night. The... More of this article »
Biggest Protests at Walmart to Date
Thanksgiving is just a distant memory with Black Friday and the holiday shopping season getting into high gear. Black Friday is known best as one day in which the large retailers, mainly the big box stores haul in loads of money. However,... More of this article »
Apple Donating Portion of Profit to Fight Against AIDS
Apple, the Cupertino, California based tech giant has pledged to donation part of its sales made from its retail as well as online stores during Black Friday as well as Cyber Monday to the fight against AIDS. On Monday, the maker of... More of this article »
Walmart and SolarCity Corp Sign Agreement for Solar Installation
SolarCity Corp shares on Nasdaq were up more than 3.2% after the firm announced they entered into contract with Walmart Stores that says SolarCity would be working on solar projects at stores owned by Walmart in 36 states during the... More of this article »
Europe Will Attempt to Break Up Google
The European Parliament will reportedly call for the breakup of Google into different smaller companies during a vote to be held next week. The measure is a big attempt by the legislative group to combat the dominance of the firm online. Google... More of this article »
Nokia Returns to Consumer Electronics with Android Tablet
One again Nokia is developing electronic mobile devices and now the company uses Android. Nokia unveiled the N1 tablet that has a 7.9-inch high-resolution screen with a front camera with 5-megapixel. It did not take too long for the... More of this article »
Actavis Close to Deal to Acquire Allergan for $64 Billion
Actavis Plc is near a deal to acquire Allergan Inc for an estimated $64 billion, a deal that would help the Botox maker rebuff the hostile advance of Valeant Pharmaceuticals International, said people that have knowledge of the deal. A... More of this article »
Cisco Forecast Weighed Down by Weak Spending on Telecom
Cisco Systems, the maker of network equipment forecast its profit for the current quarter below the estimates of analysts. The forecast was weighed down by telecom service providers cutting capital budgets and weaker sales in many... More of this article »
Hellmann’s Sues Rival for Using Mayo
Unilever the food company is suing a company based in California that used “Mayo” in the name for its sandwich spread. The food giant says that dictionaries and federal regulators give mayonnaise a definition as a spread containing... More of this article »