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Updated: 11 weeks 2 days ago

Procter & Gamble Plans to Drop About 100 Brands

Sat, 08/02/2014 - 10:28

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For years Procter & Gamble has been expanding its business into many directions that include beauty products and pet food. On Friday the company announced that it would trim close to hundred brands from its cache just to pay more attention to its important products like Tide, which gave the company a great thrust for decades.

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Categories: United States

After First Six Months of Sales Toyota Remains at Top

Wed, 07/30/2014 - 13:00

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Still holding the top position in global vehicles sales Toyota remains at No. 1 after the initial six months of the current year. It is followed by Volkswagen, the carmaker which displaced General Motors from its second position as the U. S. auto manufacturer struggles with a recall scandal.

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Categories: United States

Wal-Mart’s New Fix-it Man Has Never Worked in U.S Before

Fri, 07/25/2014 - 12:23

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On Thursday Walmart put Greg Foran, 53 from New Zealand in charge of Wal-Mart Stores. Inc.'s biggest division. It is a innovative choice on the company's part as he has never worked in the United States.

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Categories: United States

A Woman for the First Time to Join Board of American Apparel

Thu, 07/24/2014 - 12:54

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American Apparel Inc. after years of business finally realise the importance of getting some female supervision.

The restructuring of the board is part of an agreement with Standard General the New York investment firm, which has of late extended a $25-million financial support to American Apparel.

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Categories: United States

Huawei Technologies’ sales revenue up by 19% for first half of 2014

Mon, 07/21/2014 - 12:16

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Huawei Technologies chief financial officer Cathy Meng on Monday reported that the company's sales revenue has increased by 19 % for the first half of 2014 to 135.8 billion yuan. Further, he added that the revenue and profit for the first half of 2014 are in line with company's expectations.

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Categories: United States

FedEx Accused With Charges of Drug Dealing

Fri, 07/18/2014 - 11:38

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On Thursday FedEx Corp. was charged by the Justice Department for conspiracy of distributing controlled substances and for the part that it played in transporting painkillers as well as other prescription drugs which have been sold unlawfully.

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Categories: United States

Novartis Expects major part of Revenue from New Products

Thu, 07/17/2014 - 12:58

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Novartis International AG, a Swiss multinational pharmaceutical company based in Basel, was ranked number one in sales among the world-wide industry in 2013.

On Thursday, Bombay Stock Exchange reported a 2% rise in quarterly sales of the company along with an expected future increase in the revenue of the company with the introduction of their new products.

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Categories: United States

Done Deal, Reynolds American to Buy Lorillard

Wed, 07/16/2014 - 14:08

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Ending all speculations by everyone interested in the tobacco industry, on Tuesday Reynolds American has finally agreed to buy Lorillard its lesser rival, for an amount of $27.4 billion. The amount paid by Reynolds will be $68.88 for cash and stock for each Lorillard share and the company will also assume Lorillard's debt.

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Categories: United States

Lindt To Acquire Russell Stover Candies In a Sweet Deal

Tue, 07/15/2014 - 14:11

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Switzerland's chocolate manufacturer Lindt & Spruengli (LISP. S) said that it is buying Russell Stover the candy manufacturer from U. S.

The deal will be a billion-dollar transaction which will make it the third-largest maker of chocolate in the U. S after Hershey and Mars.

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Categories: United States

Crumbs Cupcakes Could Get a New Lease of Life

Sat, 07/12/2014 - 11:16

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Just after a few days of closing all of its stores due to a huge loan default, there is another chance of survival coming the way of Crumbs Bake Shop.

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Categories: United States

Audi plans to launch at least four plug-in hybrid cars; A3 Sportback E-tron to be the first

Sat, 06/28/2014 - 12:05

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In an announcement which indicates that a potentially long list of electrified Audi vehicles is apparently in the offing, Audi has revealed that it has plans underway to launch at least four plug-in hybrid cars.

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Categories: United States

Barnes & Noble to spin off its Nook business

Thu, 06/26/2014 - 11:20

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Barnes & Noble on Wednesday announced its decision to spin off Nook e-reader division, which has been suffering a decline in sales for a long time.

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Categories: United States

Google announces a slew of new apps for Glass

Wed, 06/25/2014 - 13:24

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Tech giant Google Inc on Tuesday announced the availability of a slew of new app for its high-tech $1,500 computerized eyewear, called Google Glass.

The Mountain View, California-based company announced that it has created a total of 11 new apps for Google Glass, including Runtastic, Zombies Run, Shazam, 94Fifty Basketball, Duolingo, and Livestream.

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Categories: United States

GM releases 325-page internal investigative report detailing missteps on deadly ignition switch

Fri, 06/06/2014 - 13:36

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In a comprehensive 325-page internal investigative report released on Thursday, Detroit automaker General Motors (GM) has said that the company's global recall crisis was a result of "a pattern of incompetence and neglect." The recall crisis led to at least 13 deaths, and has prompted investigations by Congress, the Department of Justice, and other authorities.

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Categories: United States

Verizon threatens legal action against Netflix for displaying “deceptive” messages

Fri, 06/06/2014 - 10:18

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A cease-and-desist letter was sent by Verizon Communications to Netflix on Thursday, calling for the streaming-video firm to stop displaying misleading messages to its users, blaming Verizon for slow loading of videos.

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Categories: United States

Apple paves the way for headphones which connect to its iOS devices’ Lightning port

Thu, 06/05/2014 - 12:55

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According to a new 9to5Mac report, Apple has unveiled a new feature for devices manufacturers to enable them to build headphones which connect to the Lightning port of an iOS device instead of its 3.5mm headphone jack. The Lightning port was first introduced by Apple in the iPhone 5 model.

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Categories: United States

Twitter blocks access to “blasphemous” content in Pakistan after PTA requests

Sat, 05/24/2014 - 12:20

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With Pakistani officials having requested Twitter to withhold access to "blasphemous" and "unethical" content, dozens of tweets and accounts for users in Pakistan have been blocked by the microblogging site.

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Categories: United States

Barclays Capital says GM could continue vehicle-recall announcements into mid-summer

Fri, 05/23/2014 - 11:19

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Barclays Capital said in a research note sent to investors on Thursday that vehicle-recall announcements by General Motors (GM) are likely to continue into mid-summer as the automaker is still evaluating data on vehicles.

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Categories: United States

Nest CEO: Nest thermostats will not be an outlet for promotions

Thu, 05/22/2014 - 11:32

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With a US Securities and Exchange Commission (SEC) filing having revealed on Wednesday that Google is planning to serve ads on a wide array of connected devices, Nest Labs - which was acquired by Google this year in a $3.2 million deal - said that the company's Nest Learning Thermostats will not be an outlet for such promotions.

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Categories: United States

IBM announces 3 analytic apps via its SoftLayer-powered cloud

Wed, 05/21/2014 - 13:23

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On Tuesday, IBM announced that it will port additional software onto its SoftLayer-powered cloud by offering three analytic apps - IBM Concert, IBM Project Catalyst, and OpenPages.

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Categories: United States

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