RSSAll Entries Tagged With: "Business News"

FDA Calorie Count

FDA issues new rules for food chains, will put calorie counts on menus

Soon, consumers will no longer be able to ignore the number of calories in most of the foods they buy when they eat out. In an effort to address obesity in America, the U.S. Food and Drug Administration (FDA) is set to publish new set of rules today that will require disclosing calorie counts on [...]

Cola Drink

Marketers of sugary drinks still aggressively target U.S. children, report finds

Even though Beverage companies like Coca-Cola and PepsiCo have pledged to advertise less to children, they still continued to remain a key target for marketers through various other means such as product placement and social media, according to a report released on Wednesday. The study, conducted by researchers at the Yale Rudd Center for Food Policy [...]

HP Sprout

Hewlett-Packard unveils new 3D printer and Sprout desktop PC

At an event in downtown New York City, HP announced its much anticipated leap into three-dimensional printing technology for large companies and an interactive desktop computer for consumers. HP plans to deliver a new 3D printer broadly in 2016 that can produce 3D parts in color and manipulate its strength, elasticity, form, texture, friction as [...]

Warren Buffett

Warren Buffett could possibly lose $1 billion as IBM Stocks Tumble

This come just after Warren Buffet admitted to having made a “huge mistake” by buying a near four percent stake in Tesco PLC. The plunge in IBM’s shares on Monday has left Buffett’s Berkshire Hathaway, the latest company with a 7 percent stake in the technology giant, to possibly lose over $1 billion. Buffett, of [...]

Philips Headquarters in Amsterdam

Philips Posts Losses of $142.82 million

Dutch technology giant Philips has reported a loss of 104 million euro ($142.82 million) at its third-quarter earnings call, chiefly because of the expensive infringement lawsuit against American medical technology company Masimo and the abating markets in China and Russia. Chief executive officer, Frans van Houten, took the opportunity to express his general disatisfaction stemming [...]

Microsoft Keynote at BUILD 2014

Microsoft may unveil a smartwatch within the next few weeks

According to a Forbes report, Microsoft’s foray into the wearable tech market is imminent and the software giant is getting ready to launch a wearable device in the coming few weeks. Forbes reported that the new smart watch will have health-tracking capabilities, including a heart-rate monitor. The fitness band will reportedly be capable of working [...]

IBM Corporate Headquarters in Armonk.

IBM to pay $1.5bn to Hive off failing Chip Division

International Business Machines Corp. (IBM) has agreed to pay Globalfoundries Inc. $1.5 billion to split off its loss-making semiconductor unit, as indicated by two individuals familiar with the matter. IBM will likewise get assets worth $200 million, taking off the net estimation of the transaction at $1.3 billion, said the individuals who asked to remain anonymous. [...]

Yara International

CF Indusries and Yara International Call off Merger Discussions

On Friday, two of the biggest fertilizers companies in the world, ended merger talks, after both the companies couldn’t mutually agree on terms. The deal is the latest to join the ranks of unsuccessful mergers that fell apart in the midst of precarious markets and inquiries concerning alleged inversion deals. CF Industries Holdings Inc., based [...]

Roche

Roche Sales Promise Solid Growth, Pumped by Cancer Drugs

Swiss drug-maker Roche Holding AG on Thursday revealed a 2 percent rise in its third-quarter sales, pumped by strong demand for its cancer drugs and up-and-coming new products. The world’s biggest producer of cancer drugs, Roche additionally announced U.S. regulatory approval for its ‘idiopathic pulmonary fibrosis drug Esbriet, which elevated from its InterMune acquisition in [...]

Amazon Warehouse

Amazon Beefs up Holiday Season Hiring, adds 80,000 Jobs Nationwide

Amazon.com plans to boost hiring of thousands of seasonal staff in the U.S. this holiday season, to meet the expected swarm from herculean holiday orders. America’s biggest e-tailer announced on Thursday that it would hire 80,000 new workers at Amazon’s 50 U.S. warehouses. The amount this year is a 14 percent increase from last season, [...]

Sheryl Sandberg

Facebook and Apple Offer to Pay for Women Employees to Freeze Eggs

Silicon Valley giants Apple and Facebook, famed for their extravagant perks such as concierge services, massages, in-office haircuts are now adding a new perk for female employees in hopes of recruiting the best from industry’s talent pool. Both the companies have initiated a program through which they will start paying employees who wish to freeze [...]

Skype Qik

Skype launches video messaging app Skype Qik for Android, iOS, and Windows Phone

On Tuesday, Microsoft-owned Skype released Skype Qik, a new social app that makes sending short videos extremely easy. The app is free and available on iOS, Android and Windows Phone devices. Microsoft originally acquired video-streaming service Qik back in 2011 for $150 million. Qik was known for offering a video streaming service like YouTube for [...]

Citigroup to Exit Consumer Banking in 11 Markets

Trouble Brewing at Citigroup, Pulls out of 11 Countries, Co-President Medina-Mora Plans to Leave

Citigroup Inc., the third-largest U.S. bank, that makes most of its income from overseas markets, has unveiled plans to pull out of consumer banking in 11 markets, as CEO Michael outlines strategies to simplify the firm’s international division and focus on profitable U.S. businesses to boost returns. The sales of its businesses, a larger part [...]

Google Shopping Express Service

Google Expands U.S. Shopping Service To Multiple Cities, Introduces Membership Fee

Google, which launched their Google Shopping Express service last year is now changing the way the service works and also expanding it to more cities. Just like Amazon Prime, Google will now start charging membership fees from customers for its fast online shopping delivery service, the company said Monday. The service lets shoppers order products online from [...]

Geberit Switzerland Jona Headquarters

Swiss firm Geberit offers to buy Finnish Sanitec for $1.35 Billion

Geberit of Switzerland, maker sanitary equipments, said it would buy Sanitec Corporation, Finnish maker of toilets and bathroom ceramics, for $1.4 billion in cash, in what could be marked as its biggest acquisition by CEO Albert Baehny. “The outstanding reputation of both companies for product quality and reliability, service and innovation combined with strong brands make [...]

Jean Tirole

Economics Lessons from the Latest Nobel Laureate Jean Tirole

On Monday, Jean Tirole, a 61-year old professor at France’s Toulouse University, was honored with the $1.1 million Nobel Memorial Prize in Economic Sciences “for his analysis of market power and regulation.” Tirole is a part of group of some very influential economists from the Toulousse School of Economics who produced several significant pieces in [...]

Apple Pay

Apple Pay is scheduled to go live on October 18 in Walgreens stores, leaks claim

Apple Pay which was announced alongside the iPhone 6 last month is going to be available in Walgreens stores across the United States beginning Saturday, October 18, according to a leaked memo intended to inform Walgreens store managers. “In preparation for the launch of Apple Pay on October 18, we would like you to cover the following material,” reads the [...]

Apple Supplier GT Advanced to shut down operations in Mesa, Arizona

Apple Supplier GT Advanced to shut down operations in Mesa, Arizona

GT Advanced Technologies, the company contracted to supply Apple with sapphire display for the upcoming Apple Watch, petitioned for bankruptcy on Oct. 6, and has approach the court for permission to close down the Mesa, Arizona factory. The troubled supplier also plans to purge 890 jobs in Mesa and its headquarters in New Hampshire, as [...]

Amazon Inc. tills may soon start ringing on Fifth Avenue, NY

Amazon Inc. tills may soon start ringing on Fifth Avenue, NY

Fifth Avenue in Manhattan where the tills never stop ringing and where customer is the ultimate king is now welcoming a Martian in high spirits. America’s hugely successful e-tailer Amazon Inc., is now taking the conventional route by opening its first brick-and-mortar store in 34th Street Manhattan, New York. Quite an unusual way to spread some [...]