Markets have long been touted as amoral entities, but sometimes law and morality intersect in the most obvious manner. SEC decided to prevent four penny stock companies from selling shares because of their claims of working on Ebola cures. The reason - they did not provide adequate information to back their claim. The current Ebola outbreak produced around 5,000 deaths, making it the largest … [Read more...]
Best Buy Reports Impressive Third Quarter Sales
Best Buy had a great third quarter, according to its financial report. The company managed to beat analysts’ expectations and, moreover, increased its revenue after almost two years when sale figures constantly dropped. The largest electronics retailer in the U.S. took a couple of measures that eventually paid off. However, the overall context was favorable to Best Buy. The launch of iPhone 6 was … [Read more...]
Eurozone Slowing Again in November
According to a survey, the 18-country eurozone faces the real prospect of sliding back into recession. An estimate of the Purchasing Managers’ Index of research firm Markit showed a drop to 51.4 from 52.1 in October. That’s a 16-month low, and a sharp disappointment for financial markets, which had expected the index to rise to 52.3. Manufacturing output growth picked up slightly to the highest … [Read more...]
Gender Pay Gap Smaller for Millennials than for Boomers
Even though it is common for men to get paid more than women no matter their age, the wage gap is smaller for millennials than for baby boomers or Generation Xers. “Millennial” or Generation Y is a term used to describe people born between the years of 1981 and 1996, meaning that they are currently aged between 18 and 35 years old. The generation prior to the millennial is the Generation X, … [Read more...]
Walmart Third Quarter Revenue Higher than Expected
Business is going better than predicted for Walmart. The world’s largest retailer recorded a higher-than-expected earnings in the last quarter. ‘Neighborhood Market’ stores have been a main driver of growth, helping Walmart achieve the highest level of sales in the last seven quarters. Walmart’s shares went up 2.36 percent to $81.07 in pre-market trading. The retailer said that diluted earnings … [Read more...]
Samsung Suing NVIDIA For Chip Patents and False Claims About its Products
Samsung Electronics Co Ltd has sued Nvidia Corp for infringing several of its chip-related patents and for making false claims about its products. Samsung's actually counter-suing, after Nvidia filed a suit against the Korean company in September. Samsung, which filed a lawsuit in a U.S. federal court on Nov. 4, is looking for damages involving deliberate infringement of several technical patents, … [Read more...]
Recognition Drawing Closer at Tennessee VW Plant
According to statements made by the UAW on Monday, things are looking bright for plant workers. A policy change intended by Volkswagen could make it possible for the United Auto Workers to become the first union bargaining for employees at a foreign automaker in the South. Last spring, the union reached an agreement with Volkswagen. In a quid-pro-quo arrangement, UAV agreed to cooperate with … [Read more...]
Pizza Hut Menu Expansion: Craft Your Own Pizza
Pizza Hut customers can play mad scientist with their food, as the franchise is now giving them the possibility of creating their own pizza. Whether pies with honey Sriracha sauce or curry flavored crust with balsamic drizzle, everything is permitted. These peculiar flavors are just some of the new ingredients that Pizza Hut is adding to its menu, which is going to be announced on Monday and be … [Read more...]
U.S. Employers Add 214K Jobs While Unemployment Rate Drops to 5.8%
Only a few days after voters voiced their asperity regarding the U.S. economy, the government announced that employers added 214.000 extra jobs in October. This represents the healthiest pace of hiring in the last eight years. In addition to this, the Labor Department also announced that 31.000 more jobs, than were previously estimated, were added in August and September. These much needed … [Read more...]
Starbucks CEO Will Continue to Dismiss Washington Until it ‘Proves Itself’
Starbucks CEO, Howard Schultz, said that Washington has 30 days to 'get its act together'. He is now putting dysfunctional DC on notice and calling on the White House and Congress to "stop the polarization and dysfunction." "Washington has let the country down." - Starbucks CEO, Howard Schultz on NBC's "Meet the Press" What Schultz wants is to see more cooperation, communication and civility … [Read more...]
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