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

US Company News - 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

US Company News - 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.

US Company News - 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

US Company News - 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

US Company News - 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

US Company News - 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

US Company News - 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

US Company News - 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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UK ad revenue to rise 7.4% this year

UK News - Mon, 06/16/2014 - 14:26

According to a new report, the British advertising market is expected to record strong growth. As per Zenith Optimedia estimates, the advertising revenue is expected to grow at the rate of 7.4 per cent or by £1 billion this year to £14.3 billion.

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U.K. house prices continue to soar as demand tops supply

UK News - Mon, 05/19/2014 - 13:22

Persistent shortage of houses pushed property prices drastically up in the UK, particularly in London and the south east, for a third consecutive month in May.

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