Business News

Consumer Sentiment Bounces Back in U.S.

Consumer Sentiment Bounces Back in U.S.

The consumer sentiment in the U.S. was able to bounce back strongly during the early part of October, suggesting the economic recovery had remained in place despite some headwinds due to weak demand globally and a strong U.S. dollar that have been weighing on the country’s industrial sector, in particular […]

Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)

Starbucks Facing Backlash Over Red Holiday Cups (NASDAQ:SBUX)

A number of people are upset with Starbucks right now and are vocally voicing their disapproval on social media. At issue are the plain red holiday cups that Starbucks is using this holiday season. Previously, the holiday cups at Starbucks have featured snowflakes, ornaments and reindeer. This year, the plain […]

Sony Sells 5.3 Million PS4 Consoles Worldwide

Sony Sells 5.3 Million PS4 Consoles Worldwide

Sony said it was well ahead of its deadline to pass the 5 million mark in sales of PS4 by March. The company said that 5.3 million consoles had been shipped across the globe as of February 8. Sony takes pride when announcing these milestones of its popular PlayStation 4 […]

Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)

Campbell Soup Takes Risk Changing Recipes (NYSE:CPB)

Campbell Soup has announced that it is changing the recipe of its signature chicken noodle soup. The new Campbell’s chicken noodle soup contains 20 ingredients, down from the more than 30 in its previous version. The new recipe is appearing first in a limited-edition line in cans decorated with characters […]

Alibaba Acquires Youku for $4.8 Billion

Alibaba Acquires Youku for $4.8 Billion

Alibaba Group Holding agreed to acquire Youku Tudou the video service in a deal that is said to be $4.8 billion, as Jack Ma the billionaire is seeking to stream additional content to Internet users in China through control of the site that is compared to YouTube. Net of the […]

BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)

BP To Eliminate 7,000 Jobs By End Of 2017 (NYSE:BP)

After the announcement of disappointing earnings results for the latest quarter, BP repeated a commitment it made last month to cut 4,000 jobs this year in its exploration and production unit. The unit lost $728 million in the quarter. The company also said it would trim about 3,000 workers from […]

Harley-Davidson Sales Stall Causing Earnings to Sputter

Harley-Davidson Sales Stall Causing Earnings to Sputter

On Tuesday, Harley-Davidson said revenue and profit slid during the most recent quarter, although earnings were still better than what Wall Street had expected. Shares, which slid this year by 17%, were up Tuesday 3.6% in trading before the bell. The company, based in Milwaukee, said that worldwide dealer sales […]

Panel for FDA Votes in Favor of Gout Drug from AstraZeneca

Panel for FDA Votes in Favor of Gout Drug from AstraZeneca

A panel of medical advisers that is independent of the U.S. Food and Drug Administration voted on Friday 10 to 4 in favor of approval for a gout drug from AstraZeneca. All of the 10 who supported the drug, known as lesinurad, qualified the vote by urging the U.S. regulatory […]