Leaving in the world that we do, it did not come as a surprise that the Barbie doll sales for 2014 were down to 16 percent, marking it the third consecutive year when the sales continue to drop. The manufacturing company, Mattel, probably expected this last report, and recently announced that Bryan Stockton, CEO and chairman, has resigned. His departure caused another 59 percent drop in … [Read more...]
Tesla Motors to Exceed Apple Stock Market Value by 2025, Said CEO
On Wednesday, Tesla Motors’ Chairman and CEO Elon Musk told investment analysts in a conference call that his company’s stock market value would exceed that of Apple Inc. by 2025, if its projections of 50 percent annual growth would become a reality. On Tuesday, Apple’s total market cap went beyond $700 billion for the first time in its history, making Apple the world’s first $700 billion … [Read more...]
American Express to End Costco Exclusivity Deal by Early Next Year
American Express Co recently announced that the negotiations to renew its exclusivity contract with the wholesale giant Costco failed to reach any terms that “would have made economic sense” for NY card company. It’s not easy to see a long-standing partnership end, but when the numbers no longer add up it’s the only sensible outcome,” AmEx’s CEO commented during a conference call. Costco is … [Read more...]
Apple Market Cap to Reach $1 Trillion in 3-4 Years, Analysts Say
One of the Apple’s most significant investors Carl Icahn recently said that the company was severely undervalued by its shareholders since its stock price should be nearly 70 percent higher than it is today. However, financial analysts say that Mr. Icahn’s statement will turn out to be true in two or three years time. According to Mr. Icahn (photo), Apple market cap is currently beyond the $700 … [Read more...]
West Coast Ports Face Weekend Lockout due to Labor Negotiations
America’ s busiest ports, the Los Angeles and Long Beach docks, along with 27 others were shut down over the weekend due to heated labor negotiations among terminal operators, ship owners, and the International Longshore and Warehouse Union. The operations are to be resumed on Monday, according to the Pacific Maritime Association. The Pacific Maritime Association is the group that represents … [Read more...]
The Transport Department in India Forced Uber to Create a Panic Button
Uber, one of the most well-known companies that facilitate personal transportation all over the world, has had a series of problems in New Delhi, India, that has forced the company to take serious measures. Uber, as a brand, is not a company that deals directly with the transportation of people by taxi; it is a tech company that does not own cars and does not employ drivers, but it collaborated … [Read more...]
Coke Enters the Milk Business with High-End Product
Coke enters the milk business with a premium product scientifically engineered to maintain health benefits while removing harmful ingredients such as lactose. The company announced that thee premium milk, dubbed Fairlife, will also have more protein, less fats and less sugar than regular milk. Analysts think that Coke’s move may be an attempt of compensating the steady decline in sales of its … [Read more...]
Samsung Plans to Drop Qualcomm Processors in Future Flagships
Bloomberg has just reported today that Samsung plans to drop Qualcomm processors in future flagships, such as the Galaxy S smartphone. Samsung has been using Qualcomm processors for their flagship smartphones since it first started making smartphones and such a decision is going to affect the sales, analysts believe. Qualcomm is going to suffer even more following Samsung’s decision. In … [Read more...]
Twitter Buys ZipDial Bangalore Start-Up
Twitter has just announced that it made its first Indian acquisition: Twitter buys ZipDial, a Bangalore start-up company and by doing so it is going to reach millions of people in one of the world’s fastest growing mobile phone markets. Twitter buys ZipDial, a mobile marketing company from Bangalore, for an estimated $30-$40 million. The company uses callback workarounds and SMS to help people … [Read more...]
US Still Facing Slow Wage Growth despite Solid Hiring Streaks
United States employers have shown their growing confidence in the economy by adding the largest number of jobs in the last 15 years. And despite this evident positive trend, Americans still can’t fully experience the economy’s recovery as the slow wage growth despite solid hiring streaks fails to translate into more money for the average citizen. 2014 was a stellar year where hiring is … [Read more...]
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