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Amazon Passes Walmart in Market Value
When Amazon posted its earnings for the second quarter investors were looking for one thing – profit. Amazon did not disappoint sending the price of its stock up nearly 19% during trading after hours...
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Discovery Communications, Comcast Reach Agreement On Distribution (NASDAQ:DISCA)
Discovery Communications and Comcast have announced that they have reached an agreement on a new distribution pact. The distribution pact regards the carriage of Discovery’s 12 U.S. networks on Comcast...
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GrubHub Increases Its Outlook for 2015 as Profit Surges
GrubHub Inc announced on Tuesday that it raised its guidance for the 2015, as the food ordering and delivery online company reported that earnings had soared during the second quarter. For the full...
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Whole Foods Hit by Bad Press on Overcharging
Shares at Whole Foods tumbled on Thursday after the grocer posted bad news in its earnings report for the quarter. The company announced soft sales growth in comparable stores, admitting that bad press...
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Bank in Colorado Suing Fed Over Marijuana
A bank in Colorado sued the U.S. Federal Reserve, as the federal agency did not give permission to the bank to provide financial services to businesses that are dealing in marijuana. Denver’s Fourth...
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Noble Energy Beats on Profit as Production Increases
Gas and oil producer Noble Energy Inc reported a profit for the quarter that was better than had been expected as higher production was able to offset the huge impact of a drop in the price of crude....
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Time Warner Keeps Profit Forecast for Full Year
Time Warner Inc was down over 4.1% as the huge media company kept its profit forecast for the full year unchanged following an earnings report that topped estimates of analysts by a hefty margin during...
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Disney Fails To Meet Expectations For 3Q (NYSE:DIS)
Walt Disney Co. saw its shares fall after the company failed to meet expectations on earnings for the third quarter. In its fiscal third quarter, revenue for the company totaled $13.1 billion, below...
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Hershey Posts Flat Sales for the Quarter, Forecast Cut
Hershey Co the chocolate maker reported sales that were flat for the quarter for just the first time in over five years, as its volumes dropped in North American due to hikes in price and demand was...
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Netflix Extends Maternity and Paternity Leave to One Year
Netflix announced last week that it was changing it leave policy for maternity/paternity to give new parents as much time off, which is paid, as they need in the first year following the birth of their...
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Burger King Joins Trend Toward Spicy With Fiery Chicken Fries
Burger chain Burger King hopes some heat helps it finish off its summer with some strong sales. After chicken fries played a big part in boosting sales of same-stores by 6.7% during the second quarter,...
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Losses May By Eminent For American Apparel Investors (NYSEMKT:APP)
Investors in American Apparel are watching nervously to see if the troubles at the company will result in them losing their investment. The retailer recently announced that it does not have the funds...
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General Mills Partnering With Brewery to Make HefeWheaties
General Mills will partner with Fulton a microbrewery in Minneapolis to launch a limited edition, wheat, German-styled beer HefeWheaties that will look to capitalize the iconic brand of the food...
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North Dakota Oil Production Holding Its Own
North Dakota is doing well as far as oil producing is concerned, despite the huge drop in the price of oil and predictions the shale boom in the U.S. was soon fade. The Department of Mineral Resources...
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American Eagle Sees Growth in Comparable Store Sales
American Eagle Outfitters the retailer for teen apparel reported its best growth in comparable sales in the past 13 quarters helped by a broader range of merchandise and less discounts. American Eagle,...
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Trimming Expenses Led To Stronger Earnings For Target (NYSE:TGT)
Intensive cost cutting lifted Target’s bottom line in the most recent quarter. For the second quarter of its fiscal year, Target reported adjusted earnings of $1.22 a share. This was considerably...
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Canadian Inflation Measure Up 1.3% during July
Annual inflation in Canada increased at a faster rate in July due to high costs for items than were imported like cars and food that offset the lower prices of gasoline and energy. The all-items...
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China Lowers Interest Rates and Reserve Ratio
The central bank of China cut its interest rates as well as lowered the amount of reserves that banks are required to hold. This was the second time in the past two months the central bank has done...
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Verizon FiOS Service Delayed In Many NYC Neighborhoods (NYSE:VZ)
In 2008, New York City came to an agreement with Verizon for the company to offer its high-speed FiOS Internet service throughout the city. Under the agreement, Verizon would lay enough fiber-optic...
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Jobless Claims in U.S. Remain Close to Historic Lows
The number of people in the U.S. seeking unemployment benefits last week for the first time fell, suggesting the U.S. labor market has remained healthy. The initial claims for jobless benefits a proxy...
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