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TUI Travel Profits Up 21%
Europe’s largest tour operator by revenue, TUI Travel looks to be on track to meet its profit growth for the year after posting a 21% increase in profits in its third quarter. The growth was driven by sales of holiday that are higher... More of this article »
Proctor & Gamble Streamlining Products
After many years of expansion into different areas such as beauty products and pet food, Proctor and Gamble has announced it was cutting up to 100 brands to focus on others such as Tide, that helped the company become a powerhouse... More of this article »
McDonald’s Ruling Starts Business Labor Debate
Labor rights advocates claim a Tuesday ruling was a big victory, after an agency said McDonald’s corporate, central operations could be lumped together with its thousands of franchises to use for liability purposes. The largest chain... More of this article »
Dunkin’ Brands Earnings Meet Expectations
Dunkin’ Brands Group posted results for the second quarter that had earnings in line with estimates on Wall Street, but revenues were lower than expected. The share price at the company dropped by nearly 5%, as it announced it was... More of this article »
Walmart Replaces Top Person in U.S. Business
Walmart Stores have replaced Bill Simon the former U.S. head with Greg Foran the Asia chief as it looks to restore the fortunes of the largest sector of its business following a year that has seen sluggish sales. Foran started in retail... More of this article »
Nokia Receives Boost from Handset Sale
Finnish tech company Nokia earned a profit during the second quarter after it sold it handset business to U.S. based Microsoft. The company said it expectations have improved for the rest of 2014, as its performance financially during... More of this article »
Pepsi Sees Strong Results, Increases Outlook
PepsiCo Inc announced that its revenue for the second quarter had increased, helped by snack and beverage volumes that were higher. At the same time, the company increased its guidance for earnings for the year. Pepsi said it expects... More of this article »
Profits at Netflix Jump to $71 Million
On Monday, Netflix Inc announced that its profit for the recently ended quarter had more than doubled thanks to strong growth from subscribers both in the U.S. and internationally, as an increase in monthly rates for its popular video... More of this article »
McDonald’s and KFC Sold Expired Meat by China Supplier
KFC and McDonald’s in China facing another scare related to food safety on Monday after a television station in Shanghai reported that a food supplier sold the two companies expired chicken and beef. The companies announced that... More of this article »
Barbie Sales Drop, Makeover Might Be Necessary
Mattel the toymaker is amidst another tough period and its Barbie doll has not been carrying her weight. Profits at Mattel plummeted during the second quarter as sales worldwide dropped by 9%. Barbie’s sales aided in the decline,... More of this article »
FedEx Charged By Feds with Helping Illegal Pharmacies
On Thursday, federal authorities charged FedEx with helping illegal pharmacies due to knowingly delivering their painkillers as well as other drugs to customers that did not have prescriptions. The indictment was filed in San Francisco... More of this article »
Futures in Crude Bounce on Stockpile Use in U.S.
On Thursday, futures in crude oil were recovering some of ground that had been lost the past week on recent news that more of the U.S. stockpile is being uses than over the last few months. September delivery Brent crude was up by... More of this article »
Gtech to Acquire IGT in $4.7 Billion Deal
Gtech SpA has agreed to purchase in cash and stock International Game Technology for the amount of $4.7 billion. This deal unites the largest provider in the world of lottery systems with the largest maker of slot-machines. Gtech in... More of this article »
Inflation Increased Unexpectedly in UK during June
A shopping spree by the British during June drove a big unexpected increase in inflation in the UK that fueled expectations the Bank of England might start increasing its interest rates sooner than later and possibly by year end. Tuesday’s... More of this article »
Samsung Considers How to Recover from Eroding Profits
The top cell phone maker in the world, Samsung Electronics based in South Korea has seen its profits eroded due to pressure from rivals across China that are cutting prices. Last week the electronics giant announced that profit for... More of this article »
Lyft the Car-Hailing Service Delays New York Debut
Just hours prior to beginning operation in Queens and Brooklyn on Friday, a company specializing in car-hailing that relies on drivers using their own vehicles to transport passengers, announced it was going to delay its debut in New... More of this article »
Lorillard and Reynolds Reshaping Tobacco in Merger
Lorillard and Reynolds American are currently in the last stages of agreeing to a merger that would reshape tobacco by uniting two of the three biggest operators in the U.S. with a market capitalization combined of $56 billion. The... More of this article »
Emirates Orders 150 Boeing Planes for $56 Billion
Emirates the Dubai airline has completed an order for $56 billion to purchased 150 777X Boeing jets Wednesday. The order completes a commitment the airline made in 2013 just weeks after it scrapped an order with Airbus a rival of Boeing. The... More of this article »
Alcoa to Start Earnings Season Late Tuesday
There is an expectation that the aluminum giant will beat forecasts from analysts when it reports its revenue and earnings on Tuesday after the closing bell on Wall Street. Alcoa, Inc the world’s third largest producer of aluminum... More of this article »
ADM Acquires Wild Flavors in a $3 Billion Deal
Archer Daniels Midland (ADM) the U.S. agribusiness agreed on Monday to buy Wild Flavors the natural ingredient business that is Swiss-German. The price of the acquisition was $3 billion. It will give ADM an inroad into the health-conscious... More of this article »
Burger King Launches Proud Whopper
Burger King the fast food behemoth has introduced a new menu item in time for the 2014 San Francisco Gay Pride event. The item, aptly named Proud Whopper, is a classic Burger King Whopper that is wrapped in a rainbow colored paper... More of this article »
Google Removing Article by BBC Raises Fears of Censorship
European Union officials and British politicians expressed great concern Thursday after it came to light that an article that is seven years old that criticizes a former CEO at Merrill Lynch was to be removed from search results on... More of this article »
Roche to Acquire Seragon in U.S. for $1.7 Billion
Roche Holding AG announced that it would spend as much as $1.725 billion to purchase Seragon Pharmaceuticals, a U.S. biotech privately held company that researches treatments for breast cancer. Roche for very a long period of time... More of this article »
Google Visits Cuba
Eric Schmidt the chairman of Google led a delegation of Google employees to the Caribbean nation of Cuba last week. The delegation was advocating the removal of restrictions by the government on the Internet. The executives had meetings... More of this article »
PPG Acquiring Comex
PPG Industries announced on Monday it had entered into an agreement to purchase Consorcio Comex S.A. de C.V. or Comex, an industrial coatings and architectural company that has its headquarters in Mexico City. The transaction has been... More of this article »
Retailers Nervous in U.S. On Port Labor Talks
As the peak season approaches for shipping, retailers in the U.S. are monitoring the labor negotiations anxiously that are affecting over 20,000 West Coast workers at ports than handle over 40% of all goods shipped inside ocean containers. A... More of this article »
Soccer Fever Helping Nike Have Strong Sales
Nike, Inc reported quarterly results that were better than had been expected, as demand for footwear and apparel increased in Western Europe and North America. This came after big expenditures in marketing prior to the start of the... More of this article »
Barnes & Noble Spinning Off Nook as Sales Fall
When the Nook e-reader was introduced in 2009 by Barnes & Noble, it was celebrated as the answer to Kindle, the popular Amazon.com e-reading device. Over four years since that launch, the retailer continues to struggle and will... More of this article »
Philips and Salesforce.com Join Forces for TeleHealth Platform
A cloud-based platform that will allow doctors to monitor the health of a patient outside a medical care facility will be launched this summer in the U.S. The new platform, a work of collaboration between Philips the Dutch electronics... More of this article »
Whole Foods Charged with Overcharging Customers in California
Whole Foods Markets agreed on Tuesday to pay a fine of $800,000 following an investigation that the chain of supermarkets had overcharged its customers in the state of California, said officials from the state on Tuesday. Local and... More of this article »
Market Basket in Family Feud
A fight that has gone on for decades over of one of Massachusetts’ largest chain of grocery stores on Monday took a huge turn when Arthur T. Demoulas, the President of Market and two other high-up executives were ousted. The board... More of this article »
Chinese Company Fined Record Amount by FCC
The Federal Communications Commission announced that it had charged a fine of a record-breaking amount to C.T.S. Technology Co. Ltd. a Chinese online retailer and manufacturer of electronics. The fine is $34.9 million, which was revealed... More of this article »
AbbVie Bid for Shire Rejected as Low
Shire Plc has rejected a takeover bid of 27.3 million pounds or $46.5 million from AbbVie Inc as too low. This is the most recent attempt by a healthcare company from the U.S. to lower its corporate taxes by relocating to the United... More of this article »
Charney Fired At American Apparel
American Apparel the clothing and accessories retailer has fired Dov Charney its controversial founder as its chairman. The firing was effective immediately. The company was also moving to end his reign as president and CEO following... More of this article »
Another Recall by GM of Over 3.36 Million
General Motors announced yet another recall. On Monday, 3.36 million vehicles were recalled worldwide by the automaker for a problem tied to eight crashes resulting in six injuries. The total number of GM vehicles recalled in 2014... More of this article »
Starbucks Offering Free Tuition to Workers
Employees nationwide at Starbucks are eligible to receive college education free through an online program at Arizona State University starting this fall. The initiative is new and touted as a first of its kind. It will give many of... More of this article »
Close to Half of Oil and Gas Wells in Wyoming Not Inspected
Nearly half of the newly drilled gas and oil well that are considered a high risk for pollution in Wyoming were not inspected during a period of three years, according to a news agency’s review of data from the federal government. Officials... More of this article »
Producer Prices Drop in U.S. During May
A gauge used in the U.S. for inflation moved lower during May. This was another sign that price pressures are still tame, amidst the slow economic growth and one that likely will ease concern from the central bankers in the country. The... More of this article »
Budweiser Reveals Ingredients Online
Anheuser-Busch disclosed its ingredients for its beers Budweiser as well as Bud Light following decades of keeping that data secret. A popular blogger started a petition requesting that major brewers released their beer ingredients.... More of this article »
Best Buy Increases Quarterly Dividend
Although life in the electronic retailer space is getting tougher, just ask RadioShack, not all companies are throwing in the towel. Best Buy, which remains down significantly thus far in 2014, is attempting to pull off a difficult... More of this article »
First Quarter: Japan Economy Grows Fastest in Two Years
The economy in Japan grew during the first quarter of 2014 at its fastest rate in over two years. The data released Monday coincided with information from analysts that consumer confidence picked up indicating that sentiment was improving... More of this article »
Board at UPS Names New CEO
The board of directors at United Parcel Service has appointed David Abney as its new CEO. Abney is currently the COO at the company and he will also become a board member as well. Scott Davis, who is 62, has been the CEO and Chairman... More of this article »
Sprint and T-Mobile Closing in on Merger for $32 Billion
Jumping on the bandwagon of telecommunications industry consolidations the third and fourth largest U.S. wireless operators have agreed to join forces. Sprint and T-Mobile talked about joining forces for a number of years but always... More of this article »
Auto Sales in U.S. Reach High of Nine Years
High demand for pickup trucks and SUVs and five weekends of sunny weather helped to push auto sales in the U.S. to a high of nine years during May. Toyota, Nissan and Chrysler all announced sales gains of double-digits over May of... More of this article »
IATA Lowers Profit Outlook for Airlines
The International Air Transport Association announced on Monday that airlines would earn in profit more than $18 million in 2014, which is slightly less than its previous outlook for the industry. The IATA cut back its previous projection... More of this article »
Manufacturing in China Up in May
Manufacturing activity in China increased during May as a number of government stimulus incentives started to take hold. Beijing rolled out a series of policies of pro-growth over the past few months as the second largest world economy... More of this article »
Abercrombie Hopes to Turn Up Sales at Hollister
Abercrombie and Fitch has decided it needs to turn up its lights and at the same time, its sales at its apparel chain Hollister. The company is eliminating its trademark shutters on its storefronts at some Hollister stores, which are... More of this article »
Tablet Sales Drop Due to Phablet Competition
Tablets might be the tech world’s successor to the desktop and laptop, but are now facing tough competition from smartphones with large screens dubbed Phablets. That new competition has caused sales of tablets over the last year... More of this article »