New York

.

Syndicate content
Updated: 1 week 13 hours ago

IBM’s Second Quarter Profit Forecast Not in Line with Analysts’ Expectations

Tue, 04/19/2016 - 08:21

IBM.jpg

IBM has suffered from drop in revenue for several quarters and the company's second-quarter profit forecast was not in line with the analysts' projections.

The Armonk, New York based company has made an effort for years to boost its sales figure as vendor of cloud products and technology using artificial intelligence but that does not seem to be nearing anytime soon.

read more

Categories: United States

Citigroup Inc Reports Profits for the First Quarter, Beating Analysts’ Expectations

Sat, 04/16/2016 - 07:57

citigroup.PNG

Citigroup Inc. reported profits in the first quarter that surpassed analysts' estimates. It joins its other U. S. rivals in cutting costs which was greater than anticipated even among the trading slump and sluggishness in deal makings.

read more

Categories: United States

Study shows long term vegetarian diet increases risk of cancer

Thu, 03/31/2016 - 02:59

Vegetarian.jpg

According to a new study, long term vegetarianism can lead to genetic mutations that result in higher risks of diseases like cancer and heart diseases.

read more

Categories: United States

Keurig Green Mountain Inc Names Pinnacle Food’s CEO as Its New Chief Executive Officer

Thu, 03/24/2016 - 08:50

Keurig-Green-Mountain-Inc.jpg

This year, Keurig Green Mountain Inc. was taken private by an investor group led by JAB Holding Co. On ednesday, the company named Bob Gamgort, the CEO of Pinnacle Foods Inc. as its new Chief Executive Officer.

read more

Categories: United States

U.S Senator Chuck Schumer Wants Telecom Companies to Provide robocall-Blocking Technology to Customers

Mon, 03/07/2016 - 07:33

Chuck-Schumer.jpg

U.S. Senator, Chuck Schumer wants the telecom companies to make robocall-blocking technology to be available to all consumers. According to Schumer, these unwanted calls, which trouble the customers more than often, are something more than obnoxious - they're downright criminal.

read more

Categories: United States

Time Inc. Acquires Viant; Terms of Deal not Specified

Fri, 02/12/2016 - 07:41

Time-Inc.jpg

Time Inc., the ninety four year old publisher has made several acquisitions in last one year including HelloGiggles and xoJane and now it's set to make another digital addition with Viant Technology. Viant is the parent of the social network Myspace which is about twelve years old and also owns Specific Media, Vindico, and Xumo.

read more

Categories: United States

21st Century Fox Lowers Full Year Earnings Guidance

Tue, 02/09/2016 - 08:31

Century-Fox.jpg

On Monday, 21st Century Fox Inc., one of the most well known cable, broadcast, film, pay TV company, lowered its full year earnings guidance saying that the reason behind it was a lineup of disappointing films and a bigger than expected thump that the company faced due to fluctuations in foreign currencies.

read more

Categories: United States

Dollar Takes a Hit as Growth Rate Slows in the U.S

Thu, 02/04/2016 - 08:28

Economy.jpg

The dollar fell considerable as the US economy signaled at a slow growth. It dropped the most since the time when seven years back, the Federal Reserve made an announcement of staring its Treasury bond buying program.

read more

Categories: United States

Uber Drivers Protest Rate Cuts Outside the Company’s New York City Headquarters

Tue, 02/02/2016 - 08:01

Uber-Drivers-Protest.jpg

Uber makes news often, this time it did with its fare cuts. Uber drivers did not welcome the trimming in price and gathered on Monday to protest the move at the New York City headquarters. Their demands are either the company restores the prices or should be ready to face a backlash.

read more

Categories: United States

Barclays and Credit Suisse Agree to Pay Fines to Settle Allegations by SEC and NY State Authorities

Mon, 02/01/2016 - 08:28

Attorney-General-Eric-Schneiderman.jpg

On Sunday, federal and New York state officials said that Barclays Plc and Credit Suisse Group AG have agreed to fines to settle allegations by U.S. Securities and Exchange Commission and the New York state authorities that the banks misled the investors regarding secured ways to manage their money on private trading platforms.

read more

Categories: United States

Oprah Winfrey Can Play a Big Role in Turning Around Weight Watchers with Her Weight Loss Statements

Wed, 01/27/2016 - 08:53

Oprah-Winfrey.jpg

A few words from a celebrity can do so much to the company shares, especially when it comes from the mouth of the media mogul Oprah Winfrey herself.

read more

Categories: United States

JPMorgan Chase Upgrading its ATMs to Allow Cash Withdrawal via Smartphones

Wed, 01/27/2016 - 08:42

JPMorgan-Chase.jpg

Soon the phone can be used as an alternative for the ATM card as it seems that devices are getting smarter fast.

read more

Categories: United States

JPMorgan Reported Record Profits Last Week; Says Its CEO was Paid $27Million in Fiscal 2015

Fri, 01/22/2016 - 07:54

JP-Morgan-CEO-Jamie-Dimon.jpg

Last week, JPMorgan announced annual profits that that touched a record level and the company said on Thursday, that Jamie Dimon its CEO was paid $27 million in fiscal 2015 which is an increase from the $20 million paid the year before. JPMorgan's perked up results was attributed to cost-cutting. It helped to balance the slowing growth in revenue.

read more

Categories: United States

Viacom Inc. Cuts Down Executive Chairman’s Pay in Fiscal 2015

Thu, 01/21/2016 - 08:43

Sumner-Redstone.jpg

Viacom Inc., the New York based global mass media company said that its Executive Chairman Sumner Redstone's compensation dropped eighty five percent in fiscal 2015. The company's shares are facing a tough time over the health issues of the ailing mogul.

read more

Categories: United States

IBM’s Profit Forecast for 2016 and Fourth Quarter Revenue Show the Company is Still Struggling

Wed, 01/20/2016 - 07:52

IBM.jpg

IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.

read more

Categories: United States

Goldman Sachs Group Reached Tentative $5.1Billion Settlement in U.S Probe

Fri, 01/15/2016 - 06:57

Goldman-Sachs.jpg

On Thursday, Goldman Sachs Group, the bank based in New York City said it has reached a close to $5.1 billion tentative settlement for a U. S. probe against the investment banks way of handling mortgage-backed securities prior to the national financial crisis.

read more

Categories: United States

G.E. Is Moving Its Fairfield Headquarters to Boston as a Push Towards the Digital Era

Thu, 01/14/2016 - 08:27

G-E-Moving-Headquarters-Boston.jpg

General Electric, the American multinational conglomerate corporation is well known for the large things that it produces including locomotives, gas turbines and jet engines.

read more

Categories: United States

The U.S Job Market Hints a Steady Growth Although the Economy Loses Pace

Fri, 01/08/2016 - 07:40

Job-Market.jpg

The job market is getting better in the United States.

Last week, the number of people filing for jobless benefits in the US dropped and there were less number of layoffs in the last month of the year.

read more

Categories: United States

Latest News

Teen Retailer Aeropostale Files for Bankruptcy Protection; Closing Twenty Percen
Zynga’s Q1 Earnings Repot Beats Analysts’ Estimates
Tribune Publishing Says ‘No’ to Gannett Company’s Takeover Offer
Tesla Motors Posts Loss in the First Quarter that’s Larger than Last Year
Rent Guidelines Board Could Freeze One-Year Stabilized Leases for New York City
Ending a Long Time Rivalry Tampa Bay Times Acquires Tampa Tribune with an Undisc
Sprint Corp Once Again Post Losses in the Fiscal Fourth Quarter; CEO Promises So
Google Partner with Fiat Chrysler to make Self-driving Minivan Big Enough for a
Somali refugee sets herself on fire at Australian immigration camp on Nauru
Former FBI agents stole $136,000 for personal use