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Updated: 2 years 22 weeks ago

Ahead of Apple’s Announcement of Earnings Report Analysts Forecast the Success Rate

Sat, 04/18/2015 - 12:06

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On Monday, Apple plans to announce its earnings report. The analysts have started forecasting the success rate of the company already and mainly focuses on the chief financial metrics that will be determined mainly by sales of the iPhone 6 and iPhone 6 Plus devices of the company.

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ChemChina agrees to buy Italian Tire Maker Pirelli

Mon, 03/23/2015 - 13:28

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A Chinese state firm has agreed to buy the Italian tire maker Pirelli, renowned for its Formula One equipment and racy calendars.

Pirelli's largest shareholder Camfin said on Sunday that it has signed a deal with state-owned chemical giant ChemChina to create a long-term industrial partnership for the tire manufacturing firm.

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Starbucks “Race Together” Idea Initiated by CEO Gets a Mixed Reaction

Thu, 03/19/2015 - 11:40

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Howard Schultz the Chief Executive officer of the coffee chain Starbucks Corp has skilfully steered his way through controversial issues in the past. Now his chain aims to start discussions over the issue of race relations in the U. S, which of late has concocted a mixed reaction in the social media.

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Brent Callinicos Uber’s CFO Steps Down to Spend More Time with Family

Tue, 03/17/2015 - 11:00

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Brent Callinicos, the CFO of fast growing car sharing service Uber is leaving his post after working with company for two years.

According to Callinicos he is leaving his position at the company so that he can be with his wife and daughter for longer hours, spending time with them.

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Procter & Gamble to Discontinue About Hundred of Its Brands by Summer

Sat, 02/21/2015 - 11:04

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CEO of the personal care and house hold goods company Procter & Gamble, A. G. Lafley said that the by summer, the company plans to eliminate almost hundred of its brands.

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Transocean Announces the Departure of Its CEO

Tue, 02/17/2015 - 10:07

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On Monday, the CEO of Transocean Ltd. abruptly stepped down in a move which is being seen as another casualty resulting from the falling oil prices and also due to the wrong timing of the company's deep-water drilling expansion project.

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AIG’s Turnaround is Still an Ongoing Process

Sat, 02/14/2015 - 10:23

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American International Group Inc.(AIG) is making advancement in recovering its business in spite of a notable drop in its profit for the fourth quarter of 2014. However, the there is still a long way to go for the insurer has before its long turnaround for the year is complete, says analysts.

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Telsa’s Energy Storage Device May Be Unveiled in a Couple of Months Time

Thu, 02/12/2015 - 12:15

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Tesla Motors Inc., the car maker is well known for its Model S sedan that has gone all-electric. It is now using its technology of lithium-ion battery energy storage device to find the leading spot in the rapidly up-and-coming energy storage market which already supplements and in future may eventually pose a threat to the conventional electric grid.

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Alibaba to Invest US$590 Million to Props Up It’s Mobile OS

Mon, 02/09/2015 - 11:34

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Alibaba Group will be investing US$590 million in a venture with Meizu which is a smartphone maker from China. The smartphone company has been helping Alibaba to promote its very own mobile OS which is in completion with Google's Android.

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Weak Currencies Push Activision’s 2015 Revenue Outlook to Lower Levels

Fri, 02/06/2015 - 11:08

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On Thursday, Activision Blizzard Inc., the video game company said it that expected a lower figure of revenue as well as profit in 2015. The company partially blames the impact which it anticipates that the foreign-exchange markets will have on the earnings. The company is not alone in this, till now there have been other businesses that have expressed their concerns over the issue.

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Ford to Upgrade 500 Workers to a Higher Pay Bracket

Wed, 02/04/2015 - 10:51

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As Ford Motor Co. surpassed the limit of the maximum workers it can hire at a low wage, the company will be moving a few hundred of its hourly workers in the U. S. to a higher pay slab.

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NYSE has Started the Process of Delisting RadioShack Corp.

Tue, 02/03/2015 - 11:09

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The regulatory wing of the New York Stock Exchange is taking measures to delist shares of RadioShack Corp, the struggling consumer electronics company. It said that the stock exchange will suspend the trading of stock of RadioShack right away.

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Mattel Missed Analyst’s Expectation, Fires CEO

Tue, 01/27/2015 - 12:24

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On Monday, Bryan Stockton, the CEO of Mattel was fired following a 59 percent fall in the company's profits. For the last three years Stockton was the chairman and the CEO of the company.

The resignation of Stockton came on Monday as the initial number of sales signalled at another unsatisfactory holiday season for Mattel.

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Reports of Mass Layoffs Flatly Denied by IBM

Tue, 01/27/2015 - 12:22

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On Monday, IBM called a report "ridiculous" and "baseless" which said that the technology company is planning to lay off one fourth its working force, or nearly100,000 people.

Ian Colley, an IBM spokesman said that the company "flatly denies" the Forbes report.

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Wynn Everett Casino Design Have Alterations with More luxury rooms and Lesser Parking Space

Fri, 01/23/2015 - 08:50

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On Thursday, the regulators of the state gambling industry seemed to be supporting the new proposed design that will overhaul the look of the Wynn Resorts casino in Everett.

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Citigroup Earnings in Q4 Dented Due to Slow Trading

Sat, 01/17/2015 - 13:57

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Citigroup's fourth quarter earnings were dented by a larger than expected slowdown in trading. It resulted in a failure to meet the profit expected by the analysts which was already low.

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General Motors CEO Mary Barra Reflects on the First Year in Office

Thu, 01/15/2015 - 11:04

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Mary Barra, the first female CEO of General Motors revealed her surprise on the wave of attention that her appointment got from the media about one year ago. She said that it definitely mirrors the backward view which the automotive industry holds.

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