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Post Purchasing MOM Brands For $1.15 Billion (POST)

Post Holdings has announced a deal to acquire rival cereal company MOM Brands for about $1.15 billion in a cash and stock deal. The disclosed terms of the deal show that Post will pay $1.05 billion in cash and issue 2.5 million shares to the owners of MOM Brands for the company. The deal is […]

Starbucks Reports Strong Results For First Quarter (SBUX)

Starbucks Corp. reported strong results for the first quarter of its fiscal year. The company reported that its earnings for the first quarter rose 82 percent when compared to the same quarter a year ago. In the quarter that ended December 28, the company reported earnings of $983.1 million, or $1.30 per share. This was […]

UnitedHealth Beats Earnings Expectations In Fourth Quarter (NYSE:UNH)

UnitedHealth Group Inc. reported its earnings results on Wednesday, surprising investors and analysts with a higher than expected profit for the fourth quarter of its fiscal year. The company reported earnings of $1.5 billion, or $1.55 per share, in the quarter ended Dec. 31, up from $1.4 billion, or $1.41 per share, a year earlier. […]

Johnson & Johnson Reports Fourth Quarter Results (NYSE:JNJ)

Johnson & Johnson reported a 28 percent drop in its fourth-quarter profit, leading the company’s share price to fall in premarket trading. The company reported net income of $2.52 billion, or 89 cents per share, for the quarter. This was lower than the $3.52 billion, or $1.23 per share, reported in the same quarter a […]

Facebook Embarks On Massive Hiring Spree (FB)

Facebook Inc. will be increasing the number of employees under its umbrella by nearly 14 percent, saying that it is planning to hire around 1,200 new workers in the coming year. The company is expanding to meet the needs of its 1.35-billion-member customer base. Facebook has posted many of the new employment positions as job […]

Goldman Sachs Sees Trading Profits Slump in Q4 (GS)

Goldman Sachs Group Inc. reported quarterly earnings that showed trading profits slumping in the fourth quarter of its 2014 fiscal year. Overall revenue for the bank was down 12 percent in the final quarter of 2014 when compared to the same quarter a year earlier. Profit dropped to $2.17 billion, or $4.38 a share, in […]

PNC Financial Services Beats Estimates For Q4 (PNC)

PNC Financial Services Group Inc. reported results for the fourth quarter that exceeded the estimates of polled Wall Street analysts. The company recorded earnings of $1.84 per share for the quarter. Analysts polled by Zacks Investment Research predicted earnings of around $1.74 per share. The company reported revenue of $3.95 billion, higher than analysts’ estimates […]

Ocwen Facing Potential License Suspension In California (OCN)

Shares of Ocwen Financial Corp. have dropped considerably on reports of a potential license suspension for the company in the state of California. California’s Department of Business Oversight has notified Ocwen that it intends to suspend its mortgage license for a year. The license suspension could force Ocwen to sell its mortgage-servicing rights in the […]

Alibaba To Increase Product Safety In US Market (BABA)

Alibaba announced that it is teaming up with the Consumer Product Safety Commission in the United States to prevent products that have been deemed unsafe for American consumers from being exported to America. The Chinese e-commerce company will no longer ship items from its online platforms that have been recalled in the U.S. to American […]

Lululemon Increases Outlook For Q4 (LULU)

Lululemon has announced that it would be increasing its outlook for the fourth quarter of its fiscal year after reporting better than expected sales for the holiday season. The hip yoga apparel-maker reaped the benefit of higher holiday spending by consumers reassured about their finances and holding more money due to the drop in gasoline […]

Royal Dutch Shell To Lay Off Hundreds (NYSE:RDS.A)

Royal Dutch Shell PLC has announced that it will be laying off hundreds of its workers to reduce costs after the global collapse of oil prices. Crude prices have sunk to below $50 (U.S.) a barrel after reaching highs of $110 a barrel last year. Several oil companies have reduced capital spending budgets and cut […]

Samsung Announces Annual Profit Decline (SSNLF)

Samsung has announced its first annual decline in profit since 2011, worrying investors about the trajectory of the company. The company recently released its guidance for its fourth-quarter earnings for fiscal year 2014, which includes operating profit that beat analyst expectations but was still lower than the prior year. Operating profit for the quarter is […]

Standard Chartered Plans Aggressive Moves To Stop Profit Free Fall (STAN)

Standard Chartered has come to the realization that some aggressive actions will be needed to stop the free fall in profits experienced over the past few quarters. Its stock was downgraded by Standard & Poor’s in November after the issuance of three profit warnings last year. The company has seen its share price lose nearly […]

JPMorgan Reaches Settlement In Forex Lawsuit (NYSE:JPM)

JPMorgan Chase & Co has reportedly reached a settlement in a lawsuit against the company alleging that the company was part of a conspiracy to rig the prices for major currencies for its benefit. The settlement was disclosed by lawyers for JPMorgan in a letter filed with the court, but the terms of the settlement […]

Whole Foods Nomination Fight Becomes More Complicated (NASDAQ:WFM)

Whole Foods Market has become the site of a skirmish between the executives of the company and shareholders interested in participating in the nomination of corporate directors for the company. While the shareholders technically own the companies they are investing their money in, rules implemented in those companies often prevent those shareholders from making major […]

General Motors Issues More Vehicle Recalls (NYSE:GM)

General Motors has announced three new vehicle recalls to begin the new year. In the first recall, more than 83,000 GM vehicles in the United States are being recalled due to an ignition switch problem. Another announced recall concerns a faulty hose clamp that affects 56 Chevrolet Silverado HD and GMC Sierra HD pickup trucks […]

T-Mobile Settles Unlawful Billing Claims For $90 Million (NYSE:TMUS)

T-Mobile has agreed to settle charges that it unlawfully billed its customers by paying those customers and various government agencies at least $90 million in fines and refunds. Under an agreement reached with the Federal Trade Commission, T-Mobile must pay full refunds to all affected consumers. The company must also pay $4.5 million in penalties […]

Amazon Entangled In Another Fight With Authors (NASDAQ:AMZN)

On the dawn of the New Year, Amazon has found itself facing another fight with authors that sell books through the company. This time, the fight is over Amazon’s Kindle Unlimited service, which gives subscribers access to a library of nearly 700,000 books for the low price of $9.99 per month. While consumers seem to […]

Morgan Stanley Pre-Crash Business Practices Unveiled In Court Filing (NYSE:MS)

A court filing against Morgan Stanley regarding its role in the lending market prior to the financial crisis that began in 2008 has disclosed numerous details about the investment bank’s business practices. According to anonymous source with knowledge of the matter, the Justice Department has decided to focus on Morgan Stanley’s role in the debacle. […]

Sony, Microsoft Get Gaming Networks Back Online

Hackers have struck again, this time taking down the Sony (NYSE:SNE) PlayStation Network and the Microsoft (NASDAQ:MSFT) Xbox Live Network on Christmas Day. The hackers disabled the online services, making it nearly impossible for any user to log on to the network and stay active for more than a couple of minutes. Responsibility for the […]

Amazon Reports Impressive Numbers For The Holiday Season (NASDAQ:AMZN)

For most retailers reporting their holiday sales numbers, this holiday season seemed to be a pretty successful one. The major shopping days of this holiday season, including Thanksgiving, Black Friday and Christmas Day, all saw sales increasing over the same day last year. Cyber Monday 2014 was the first single $2 billion sales day in […]

Qualcomm On Track To Settle Antitrust Case (NASDAQ:QCOM)

Qualcomm Inc. is on track to settle antitrust allegations brought against the company by Chinese regulators, according to a report from the Chinese government. The U.S.-based mobile chipmaker has been under investigation for violating Chinese antitrust laws for more than a year now. According to all parties involved, the case will be settled in accordance […]

Citigroup Japanese Banking Division To Be Sold (NYSE:C)

According to an announcement from Citigroup, the company has reached an agreement to sell its Japanese banking division to the Sumitomo Mitsui Banking Corporation. Citibank Japan has 32 branches and 1,600 employees that serve nearly 740,000 retail customers and holds 2.44 trillion yen, or $20.3 billion, in deposits. Sumitomo Mitsui Banking has announced that it […]

Sony Comedy ‘The Interview’ Screened, Streamed Despite Threats (NYSE:SNE)

Sony Pictures Entertainment has released its new comedy “The Interview” to theaters and for online distribution despite terroristic threats being made against the company and anyone that views the film. The hackers that breached Sony’s computer systems made a threat of 9/11-style violence against any theaters that showed the comedy. The plot of the movie […]

Over One Million Payment Cards Exposed In Staples Security Breach (NASDAQ:SPLS)

Staples has announced that the security breach that affected the company back in October exposed the payment information of over 1 million credit and debit cards used at the company’s locations. The office-supply retailer said that about 1.16 million payment cards had their information exposed by the data breach. Staples is offering free identity protection, […]

Blackberry Revenue Drops Despite Release Of New Phones (NASDAQ:BBRY)

Blackberry’s earning results for the third quarter shows that little has changed for the company despite the introduction of new phones that were supposed to turn the company around. The company reported that its revenue for the third quarter had dropped to $793 million from $1.1 billion in revenue reported for the same quarter last […]

Google Attacks MPAA ‘Project Goliath’ (GOOG)

Google has publicly criticized the Motion Picture Association of America and six major studios for their secret collusion to fight against online piracy by attacking Google. The Motion Picture Association of America is Hollywood’s primary lobbying arm. A lawyer for the search giant released an open letter on Google’s public policy blog detailing the serious […]

Sony Saga Moves From Document Leaks To Terror Threats (SNY)

Sony Pictures Entertainment has been trying to deal with the fallout of having its computer systems taken down by hackers and multiple leaks of thousands of sensitive documents, including employees’ social security numbers, salary information, and private emails. Now, the company is dealing with terrorist threats made by the hackers to punish those who view […]

Boeing Announces Share Buyback Increase (NYSE:BA)

Boeing Co. has announced that the company would be increasing its quarterly dividend and boosting its share buyback plan. The Chicago-based plane manufacturer said that it would be boosting its quarterly dividend by 25 percent for its shareholders. The payout will be payable March 6 to shareholders of record as of Feb. 13. The dividend […]

RadioShack To Adopt Cost Reduction Plan To Slow Losses (RSH)

RadioShack is planning to adopt a cost reduction plan that is designed to reduce expenses enough to slow the losses the company has been suffering each quarter. In the company’s latest earning announcement, the company reported its eleventh straight quarterly loss. RadioShack is best known for being the premier seller of batteries and obscure electronic […]

Tesco Reduces Profit Estimate For Fiscal Year (TSCO)

Tesco recently released a statement regarding its earnings that reduced the company’s profit estimate for the year by a significant amount. The company revealed that its trading profit would not exceed 1.4 billion pounds, or about $2.2 billion for the financial year (trading profit excludes certain gains and losses on property and other items). Analysts […]

Citigroup Warns Of Multibillion Dollar Charge In Fourth Quarter (C)

Citigroup has made an announcement to investors about an expected $2.7 billion charge that will be taken by the company in the fourth quarter to pay legal expenses. The bank is currently dealing with multiple investigations into its business practices. Citigroup’s legal team is in talks with federal prosecutors and banking regulators to try and […]

Virgin Group Launches Virgin Cruises

Virgin Group has announced that Virgin Cruises has been launched in the Miami/Fort Lauderdale area. The new venture aims to take on the established cruise industry by providing vacations that are intensely focused on the customer’s comfort and experience. The Virgin Group found itself flush with cash after placing Virgin Money on the London Stock […]

Starbucks Opens New High-End Store In Seattle (SBUX)

Starbucks is opening a new retail chain for coffee connoisseurs called the Starbucks Reserve Roastery and Tasting Room. The new chain will only sell premium coffees from around the world. Eventually, the company plans to have 100 Starbucks Reserve Roastery and Tasting Room locations throughout the United States. The flagship location for the chain has […]

Barnes & Noble To Pay Microsoft For Nook Stake (BKS)

Barnes & Noble has announced that it would be paying Microsoft $62.4 million in cash and 2.7 million company shares to relinquish the company’s stake in its Nook business prior to the spin-off of the unit. In 2012, Microsoft invested $300 million for 17.6 percent stake in the Nook e-book reader. The partnership with Microsoft […]

Honda Announces Nationwide Expansion Of Airbag Recall (HMC)

Honda Motor has announced that it is expanding its recall of Honda vehicles containing Takata airbags nationwide. The Takata airbags have caused a safety crisis in the auto industry this year, causing more than 11 million vehicles to be recalled. An executive with Honda stated that the company is going to make a significant efforts […]

Sony Secrets Leaked After Hacker Attack (SNE)

Sony Pictures Entertainment was the subject of a devastating hacking attack recently and the hits just keep coming for the company. The hackers have now released numerous Sony secrets online, including the salaries of its employees and executives as well as five complete Sony pictures that are currently in theaters or due to be released […]

Wells Fargo Charged With Unfair Lending Practices In Illinois (WFC)

Wells Fargo & Co. has been charged with using unfair lending practices against minority and female borrowers in the state of Illinois. The company is accused of placing its financial interests higher than the interests of the borrowers whose loans it was servicing, extending thousands of loans that the borrowers could never hope to repay. […]

European Parliament Thinks Google Should Be Broken Up (GOOG)

A vote by the European Parliament has shown that the governmental body believes that Google should be broken up into several different companies. The vote was approved with 384 in favor and 174 opposed. However, the resolution was nonbinding and will have little impact on Google’s operations in the near future. Although the vote is […]

Amazon Now Connects Consumers To Local Services (AMZN)

Amazon has released a new service that connects consumers to local services in their area. The new Amazon Local Services recommends service professionals based on the zip code of the person performing the search. The company unveiled the website for the service shortly before the Thanksgiving holiday. Handymen, auto mechanics, and lawn care professionals can […]

HSBC Faces Charges Of Aiding Tax Evasion In Argentina (HSBC)

HSBC bank has been charged with aiding tax evasion by Argentina’s tax agency. The company is accused of helping 4,000 Argentines evade paying $3 billion in taxes owed to the Argentine government by hiding assets in secret Swiss bank accounts. The funds that were to be hidden were handled by intermediaries using an established network […]

Hewlett-Packard Reports Weak Earnings For Quarter (HPQ)

Hewlett-Packard Co.’s latest earnings report indicates that the company is still struggling to keep up with a changing market. The company reported that profit for the quarter was 6 percent lower than in the same quarter last year. Hewlett-Packard’s net income was $1.3 billion, or 70 cents a share, on revenue of $28.4 billion. This […]

Chrysler Responds To Criticism From Safety Agency On Recalls (FCAU)

Chrysler was recently stung by public criticism from the National Highway Traffic Safety Administration on the way that the company is handling its latest recalls. The agency has taken issue with the amount of time Chrysler is taking to fix the 1.6 million Jeeps recalled over a deadly fire hazard that has occurred in rear-impact […]

Nintendo Seeks New Sales Hit With Amiibo Figures (NTDOY)

Nintendo has released a new product for the holiday season – a collection of figurines in the likeness of some of Nintendo’s most notable characters that will interact with the company’s Wii U console. Nintendo also released the latest installment of the Super Smash Bros. video game, a top-selling franchise for the company. The Amiibo […]

JetBlue Announces Plan To Start Charging For Checked Bags (JBLU)

One of the things that distinguished JetBlue from its competitors will soon be disappearing for some of the airline’s customers – free checked baggage. Many JetBlue loyalists became that way because of the roomier seating and the relative absence of nuisance fees added to the cost of their flights. After planned changes have taken effect, […]

Qualcomm Predicts Double Digit Revenue Growth In Future

In a conversation with investors and analysts during an analyst meeting at the Grand Hyatt in New York, Qualcomm predicted that its revenue and profit growth rates for the next five years could reach into the double digits, underscoring its dominant position in the tech industry. The company predicted that its five-year compound annual growth […]

EasyJet Announces Profit Increase For The Year (EZJ)

EasyJet has announced that its profits increased this fiscal year over the reported earnings of last year. The company reported that its net profit for the year totaled £450 million, or about $705 million, an increase of 13 percent over the year earlier. Pretax profit rose to £581 million, an increase of 21.5 percent, while […]

Amazon Plans To Increase Clout In Cloud Computing Industry (AMZN)

Amazon is one of the largest retailers in the world, selling everything from books and smartphones to auto parts and food. Now, the company also wants to become one of the world’s largest technology companies too, by also offering tech services and processes to business customers. The company’s ultimate goal is to be able to […]

SAP To Pay Oracle $359M To End Copyright Case (SAP) (ORCL)

SAP has reportedly agreed to pay Oracle $359 million to resolve a copyright case that has been dragging on for seven years. SAP is currently the world’s largest supplier of back-office business-management software. The settlement proposal was filed in the U.S. District Court for the Northern District of California, Oakland division. Shares of Oracle rose […]

Wal-Mart Announces Third Quarter Sales Increase (WMT)

Wal-Mart Stores announced that its comparable-store sales rose in the third quarter of the company’s fiscal year. Same store sales for stores open for more than a year reportedly increased by 0.5 percent. The sales increase was the first such increase in the past two years. Wal-Mart’s international net sales increased by 1.7 percent, rising […]