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Updated: 8 hours 3 min ago

Berkshire Reported Third Quarter Record Profit Pushed by Gains from Kraft Heinz

Sat, 11/07/2015 - 08:47


Berkshire Hathaway Inc. reported quarterly profits that almost doubled to touch record high. This mirrors big gains on its stake that the company has in Kraft Heinz Co. Operating profits dropped due to feebler results from insurance underwriting.

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Categories: United States

Facebook Shares Spike; Quarterly Revenue and Profit Surpass Forecasts

Thu, 11/05/2015 - 09:42


On Wednesday, Facebook Inc posted strong growth in revenue and profit for the quarter. The largest social network in the world is growing bigger with a larger user base as number of mobile users increase and advertising also lifted its stock to an all-time high.

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Categories: United States

Volkswagen Says Latest Emissions Cheating Allegations from EPA are Baseless

Tue, 11/03/2015 - 11:14


In September, Volkswagen admitted that it illegally installed software in its eleven million diesel cars to cheat the emission test results. Since then the government agencies are running tests on all diesel passenger vehicles that run on the roads of the United States.


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Categories: United States

NetApp Inc Posts Loss in First Quarter Owing to Product Overhaul and Reorganization

Thu, 08/20/2015 - 10:14


The data-storage company, NetApp Inc. headquartered in Sunnyvale, California reported a loss in the first quarter. In its 'transition year' as its executive call it, the product revenue dipped sharply as it went through a major overhaul in products.

The company logged $27 million costs that were linked to the restructuring which was announced earlier.

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Categories: United States

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Wed, 08/19/2015 - 09:58


Earlier this year, the chief executive of Comcast Corp.'s NBCUniversal, Steve Burke, said that the media company requires to be on the spot light were the eyes will follow it by introducing added "digital" to its basic fabric.

NBCUniversal agreed to invest $US200 million in BuzzFeed and that's the biggest recent cash injection into the digital news quarter.

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Categories: United States

On Tuesday Disney Reported Mixed Third-Quarter Earnings

Wed, 08/05/2015 - 10:06


The Walt Disney Co. posted its third quarter earnings report which met the market expectations but the profits fell slightly short of the analysts' expectations. The company's shares dropped during the extended trading hours following the news. It also lowered its profit forecast for its cable TV arm.

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Categories: United States

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy Court for the Eastern District of Virginia

Tue, 08/04/2015 - 10:20


It is not recent news that the U.S. coal industry is going through a distressing period with oversupply in the global market, low prices and increasing regulations from the governments stressing on lowering pollution.

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Categories: United States

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