China to Merge it's Three Largest Airlines as part of the state-owned enterprises reformation plans
China is considering to merge the country's major airlines in terms of caro operations as it is part of their state-owned enterprises reformation plans. A speculations also revealed about the two of the three largest airlines that is also on merge in forming the largest, however, both airlines denied the rumors.
Oct 26, 2015 7:02 AM EDT
Royal Caribbean Launches New Campaign Ad Focusing on Millenials, Cruise line brand's Campaign on Periscope will also on November
The Royal Caribbean introduce their latest campaign ad centers targeting Millenials, or first time cruisers in attempt to change their perception about cruising. The cruise line brand is also launching a Periscope campaign on November, that is considered new in the cruise industry.
Google reports earning for the first time being under Alphabet with $18.7 billion revenue, $5 Billion buybacks
Google reported its third-quarter earnings for the first time under its parent company Alphabet. Google earned $18.7 billion in revenue and $7.35 earnings per share during the third quarter.
Citigroup seeks buyers for 20% stake in China Guangfa Bank after scrapping plans to list in Hong Kong
Citigroup is in talks to sell its 20 percent stake in China Guangfa Bank, with China Life Insurance Co. and Citic Trust Co. considering to acquire the shares.
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Goldman Sachs' social impact investment showed successful result in Utah
Golden Sachs had invested $7 million to expanding the preschool program in Utah. This social impact investment had showed a successful result.
Oct 26, 2015 2:58 AM EDT
P&G sales dive to its lowest in 7 quarters, but profit beats expectations
P&G reported its biggest sales drop citing that the strengthening in the US currencies as the reason behind it. The company also cuts its revenue forecast for the next quarter as it is still uncertain on current economic status.
Oct 26, 2015 2:46 AM EDT
Coca-Cola Q3 revenue falls nearly 5%
In the third quarter of 2015, Coca Cola revenue falls nearly 5%.Their global market revenue is reported to generate less value due to currency exchange rate.
Oct 26, 2015 12:00 AM EDT
Kellogg to acquire snack maker Diamond Foods for $1.5 Billion
Corn flakes maker Kellogg is in the late-stage negotiations to acquire snack maker Diamond Food for $1.5 billion. The deal could be a good opportunity for both sides. The take over would price $35 to $40 a share.
Oct 25, 2015 11:51 PM EDT
Huawei overtakes Xiaomi as China's biggest smartphone maker
Huawei is now the largest smartphone maker in China, the world's biggest smartphone market. The company has taken the top spot from Chinese rival, Xiaomi, whose third quarter shipments declined amid a slumping economy.
Oct 25, 2015 11:32 PM EDT
Pandora's stock tumble wipes out $1.4-bn market cap
The internet radio services provider Pandora's stock plummeted owing to increased competition in the global market. Pandora shares dropped 35 percent on Wall Street in just one session eroding $1.4billion market capitalization of the company. The emerging competition in internet radio services from global majors such as Apple is impacting the Pandora's performance.
Oct 25, 2015 11:11 PM EDT
Microsoft's search engine Bing accelerates, adds $1B to revenue
Bing, a Microsoft search engine is finally getting its highlight as Microsoft announce that its revenue for this quarter is more than $1 billion. Investors welcomed the news as Microsoft finally able to show its investment in Bing is paying off.
Oct 25, 2015 10:32 PM EDT
Dow Chemical reviews options on agri unit, rejigs JVs
Dow has decided to review all the available options for its farm chemicals and seeds unit, which has been suffering from sales drop. Dow Chemicals is also considering an option to buy stake of Coming Inc in a Silicon joint venture (JV). Dow is also in the process of offloading its stake in a Kuwait JV .
Oct 25, 2015 9:12 PM EDT
Web services push Amazon revenues up; posts profit
Amazon has posted encouraging performance for the third quarter ending September 2015. The higher sales in the US and cloud computing business pushed its bottom line to swell. Amazon announced profits for the consecutive second month.
Oct 25, 2015 8:51 PM EDT
Delta Airlines Joins Expedia's Promotion for Transparency Views on Airline Fees
American Major Airlines, Delta is now in partnership with Expedia to promote transparency view on Airline fees. It is after, Expedia unveil their new Upgrade option that displays flight cost information such as bag checking fees and canceling reservations.
Oct 24, 2015 9:06 AM EDT
Oil declines as U.S. crude stocks move forward
Worries arise for oil producers as oil prices went down again. But consumers will be glad as prices of commodities will surely fall next, giving more spending power to consumers particularly this coming holiday seasons.
Oct 24, 2015 8:03 AM EDT
Yahoo Sign Advertising Deal with Google As Revenues Fall 8.3% in Third Quarter
As Yahoo's third quater revenue fall and noted as the worst drop in a quarterly sales since 2009, Yahoo CEO was signing advertising deal with Goole to improve its search business
Oct 23, 2015 10:21 PM EDT
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