GameStop Revenue and Profit Surpass Expectations Owing to Strong Sales of “Mortal Kombat X” and “Evolve
In the first quarter, GameStop Corp, which is the largest video game products retailer in the world reported revenue and profit, which surpassed the expectation of analysts. The boost in revenue was mainly helped by higher sales of "Mortal Kombat X" and "Evolve", newly released games and also a boost in downloads of mobile games.
On Friday, data released by Japan revealed that Prime Minister Shinzo Abe's plan of economic revival for the country is not going quite in the direction that he expected. Though the manufacturing activity is becoming better and the employment figures are climbing, yet the nation's consumer spending figures still is persistently frail and the annual inflation rates are going down.
FBI Starts Probing the Cyber theft of U.S. Taxpayer Information from IRS “Get Transcript” Application
On Tuesday, John Koskinen the IRS Commissioner said that hackers have attempted to accessed personal tax information of the tax payers 200,000 times within the time period of February to May. He also said that they successfully stole information in almost half of their attempts.
On Wednesday, Costco Wholesale Corp reported a nine percent boost in its profit for the third quarter last year. The increases mirror the company's gains from higher comparable sales, raised membership fees.
On Tuesday, the San Diego Union-Tribune announced that it was trimming its workforce. It will be laying off approximately thirty percent of its staff which comes to 178 employees. The job cutting is part of a cost saving effort that mostly affected the printing and delivery operations.
On Tuesday, a post on the website of Re/code revealed that, Vox Media, which owns The Verge, is buying Revere Digital. Revere Digital is also the owner of the Re/code which is a tech news website. Recode was founded by Silicon Valley veterans, Walt Mossberg and Kara Swisher.
On Wednesday, the yellow metal remained at almost a two weeks low following a drop of two percent in the earlier session. The status of gold remained low as the strengthening US economic data brings in hopes of THE Fed Reserve increasing the record low interest rates.
It’s time for the Memorial Day weekend and people are packing their bags to hit the road. The fun summer time travel gets some dampening effect from a hike in fuel prices almost every year.
Renewable Energy tops the list of the agenda for the NDA government. Earlier the MNRE or the Ministry of New and Renewable Energy in New Delhi which was considered as a step-down posting by the bureaucrats no more is considered as a less visible ministry.
The government has made it a primary focus in an effort to make India less dependent on power fuelled by coal.
The U.S. government is deciding whether General Motors or some of the company's employees will be facing criminal charges for faulty ignition switches in some of the models delivered by the car maker said a source that is familiar with the investigation.
On Friday, the eleven months old disagreement which had slowed down activities on the ports along the West Coast, ended with the endorsement of a new accord with the Longshoremen.
A labor contract that was being worked upon for the last four months was finally signed officially by the International Longshore and Warehouse Union marking and to the slowdown that created a hold up and delay for goods and traffic coming in and being dispatched all over the world.
Microsoft seems to have dropped its bid for acquiring Salesforce, which is a global cloud computing company.
Reportedly, Microsoft had offered about $55 billion to Salesforce, which was rejected by its Chief Executive Officer Marc Benioff as he was looking for a price tag in the range of $70 billion. Salesforce, the company based in San Francisco is still under negotiation talks for a future takeover.
On Thursday, Lenovo reported a growth in revenue by one fifth for the fiscal year, in spite of the emerging competition in the smartphones and PC markets.
Etsy Inc., the online crafts store, reported a greater than expected loss in its first earnings report as a public company. The main reason behind the weak profits is attributed to the expenses that are associated with a restructuring which the company said would help it lower the tax bills in future. The expenses incurred ran into millions of dollars.
Although, street musicians in the New York City bring much joy to the listeners, yet everyone does not get a chance to play in the subway stations of New York City.
A large number of musicians played a number of instruments in front of a panel of judges auditioning for approval of official which will give them a chance to showcase their talents in the subways of New York City.
Home sales as well as prices in Southern California have revealed some upward movement for a continued second month in April following a stretch of stagnation. However, the gains may be an indication of a hard summer for buyers as the supply of houses are expected to go down which is already heading for a declining supply of homes.
As the economy becomes better, millions of U.S families are choosing to opt for faraway vacations which they have shunned following the Great Recession. Looking at the change of temperament, the airlines say that busiest summer months are expected this year.
On Monday, the World Trade Organization (WTO) ruled against the U.S. and said that labelling the origin where the meat was raised discriminates against the livestock coming from Canada and Mexico.
United States Country of Origin Labelling (COOL) has an issue of dispute for long, as Canada and Mexico says that it brings down the value of cattle as well as hogs that are shipped in the U.S.
After two years of tense negotiation, a US$5.4 billion expansion project of Rio Tinto PLC's mining project in Mongolia is all set to move ahead.
The U.S. federal investigators are examining the cause of the commuter train crash that happened last week in Philadelphia, but has so far not found any record of an object hitting the windshield as reported by an engineer.
- Samsung signs deal with Amazon.in to sell Galaxy K Zoom handset in India
- GE unveils smart LED light bulb – ‘Link’
- Report: iPhone 6 likely to be launched one month earlier than expected
- Huawei officially unveils its new high-end Ascend P7 smartphone
- Samsung launches its ‘Galaxy K zoom’ camera specialized-smartphone