Posts Tagged ‘Business’

Congress Passes Stopgap Spending Bill to Avoid Government Shutdown

Friday, April 28th, 2017

Congress on Friday approved legislation to extend funding for the federal government by one week, avoiding a partial government shutdown on Saturday.

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Congress Seeks IRS Comment After College Aid Tool Breach

Friday, April 28th, 2017

A group from a House committee is concerned the IRS has failed to protect taxpayers’ online data following a security breach that has affected financial aid applications.

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GDP Growth Slowed as Spending by Consumers Lagged

Friday, April 28th, 2017

The U.S. economy’s output grew at the slowest pace in three years during the first quarter, underscoring the challenges facing the Trump administration as it seeks to rev up growth.

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Consumer Sentiment Remains High Despite GDP Report

Friday, April 28th, 2017

Consumer sentiment about the U.S. economy remained high in April, even as the Commerce Department said U.S. economic output increased at the slowest pace in three years.

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Why Airlines Will Keep Overbooking, Even After United Incident

Friday, April 28th, 2017

In wake of the fallout from the passenger incident on United Airlines, Southwest Airlines is planning to stop overbooking flights by the end of June. But don’t expect other airlines to follow suit or for the practice to go away.

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Sony Expects Operating Profit to Surge to $4.5 Billion

Thursday, April 27th, 2017

Sony said operating profit for this fiscal year will likely be one of the strongest in the company’s 71-year history, buoyed by its game, semiconductor and financial units.

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GM Earnings: What to Watch

Thursday, April 27th, 2017

General Motors Co. reports first-quarter earnings before the market opens Friday; U.S. production outlook, South America sales and commodity costs will be in focus.

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Third Point Calls for Honeywell to Spin Off Aerospace Unit

Thursday, April 27th, 2017

Activist investor Third Point LLC disclosed it has taken a stake in Honeywell International Inc. and called on the conglomerate’s newly appointed chief executive to spin off its aerospace business.

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Senate Confirms Alexander Acosta as Labor Secretary

Thursday, April 27th, 2017

The Senate confirmed Alexander Acosta as labor secretary, providing President Donald Trump with his full complement of cabinet secretaries before reaching his 100th day in office.

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Starbucks Misses Growth Expectations in U.S. Stores

Thursday, April 27th, 2017

Starbucks Corp. missed sales expectations in its home market and globally, with sales up 3% overall and in the U.S. in its second quarter.

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United Reaches Settlement With Passenger Dragged Off Flight

Thursday, April 27th, 2017

United Airlines reached an agreement with David Dao, a Kentucky doctor who was forcibly pulled off a flight in Chicago earlier this month.

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Intel Profit Rises

Thursday, April 27th, 2017

Intel Corp. posted an increase in first-quarter net profit as revenue was helped by an uptick in PC demand, though profit in its data center operations declined.

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Higher Costs Take a Toll on Airlines

Thursday, April 27th, 2017

American’s operating expenses jumped 11% in its March quarter, largely on rising fuel costs. Similarly, expenses at Southwest Airlines climbed 8.8% as sales rose 1.2%.

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Startup Moderna Shows Promise in Vaccine Trial

Thursday, April 27th, 2017

Moderna Therapeutics, the most highly valued startup in health care, said early results from a small trial to treat the avian flu virus with its experimental vaccine showed promise.

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Another Large Investor Calls on Whole Foods to Explore Sale

Thursday, April 27th, 2017

Mutual-fund manager Neuberger Berman is calling on Whole Foods Market to explore a sale, a few weeks after activist investor Jana Partners disclosed a nearly 9% stake in the grocery chain and called for a similar review.

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Next Tax Battle: Trump’s Bid to Ax a Favorite Blue State Deduction

Thursday, April 27th, 2017

The White House blueprint would kill an expensive break relating to state and local taxes, prompting a bipartisan backlash from lawmakers in New York and other high-tax states.

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Get Your Hands On A Metal Detector

Thursday, April 27th, 2017
There are a number of reasons why you need to invest in a metal detector and if you thought that safety was the only reason this detector came in handy then you need to think again. These days metal detectors are used for multiple purposes and while safety still happens to be one of the major reasons for the use of this detector, people also use it to protect their stores from theft and robbery. All the do is insert a small metal chip into their apparel which is taken off at the time of the bill. If someone

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Acosta Confirmation Vote Could Happen This Week

Thursday, April 27th, 2017

If the U.S. Senate votes, as expected, to confirm Alexander Acosta as secretary of labor this week, all 15 cabinet secretaries would be in place before President Trump’s 100th day in office.

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GoPro Earnings: What to Watch

Thursday, April 27th, 2017

GoPro is scheduled to reported first-quarter results after the market closes Thursday; Camera sales and indications of drone demand will be in focus.

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Amazon Earnings: What to Watch

Thursday, April 27th, 2017

Amazon.com Inc. is scheduled to announce its first-quarter earnings after the market closes on Thursday.

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Under Armour Posts Its First Ever Loss

Thursday, April 27th, 2017

Under Armour posted its first ever quarterly loss as a public company, as its top line suffered from sluggish performance in key North American business.

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Yahoo Japan Shares Plunge Under Pressure of Amazon Challenge

Thursday, April 27th, 2017

Yahoo Japan shares fell 10% Thursday after it warned of a big increase in marketing costs as it struggles to compete with Amazon.com.

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Ford’s Profit Falls 35%

Thursday, April 27th, 2017

Ford’s first-quarter net income fell 35%, dented by safety-recall expenses, higher engineering and commodity costs, and weaker sales in the U.S.

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Samsung, Facing Calls for a Shake-Up, Offers ‘Plan B’

Thursday, April 27th, 2017

Samsung Electronics surprised investors and South Korean lawmakers by saying the conglomerate would cancel some $35 billion in legacy treasury shares and forgo restructuring into a holding company.

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Comcast Results Top Expectations as Cable Giant Preps for Wireless Entry

Thursday, April 27th, 2017

Comcast’s results offer a glimpse into why it’s jumping into the wireless business: Consumers don’t want a landline phone anymore, limiting the appeal of its lucrative “triple play” bundles.

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U.S. Durable Orders Edged Up In March

Thursday, April 27th, 2017

Demand for long-lasting factory goods rose more slowly in March, reflecting a decline in orders of cars and machinery.

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Trump Tax Plan Sets Up Trade-Offs for Industries

Thursday, April 27th, 2017

Now that the Trump administration has made its broad-brush tax proposal, companies are likely to line up in support—and start sweating the details.

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Trump Administration Launches Probe of Aluminum Imports

Thursday, April 27th, 2017

The Trump administration has launched a wide-ranging probe of aluminum imports and producers in Canada and China—by far the biggest aluminum exporters to the U.S.—could face the biggest impact from any tariffs coming out of the case.

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AstraZeneca Profit Drops on Decline in Blockbuster-Drug Revenue

Thursday, April 27th, 2017

U.K. drug maker AstraZeneca, battling declining sales of its blockbuster cholesterol pill, posted lower revenue and profit in the first quarter of the year.

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Economic Gauges Rise Under Trump, but Some Question Their Longevity

Thursday, April 27th, 2017

Economic indicators and the stock market climbed even before Donald Trump was inaugurated, boosted by his promises of tax cuts, regulatory relief and infrastructure spending. But with scant progress on those fronts, some question the endurance of the surge.

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