Under Armour reported $1.2 billion revenue for the third quarter, a first for the sports apparel
Under Armour, for the first time, hit a billion dollar mark in a third-quarter earnings report, with $1.2 billion in revenues for the period.
Oct 23, 2015 10:33 AM EDT
Coca-Cola's Lower Return on Equity Explained
Coca-Cola and PepsiCo are both rivals when it comes to beverage. Both have diversified product sales but since PepsiCo has food category like Lay's, it surpassed Coca-Cola's sales and return on equity. PepsiCo also has an edge when it comes to historical and expected growth for top line and profits.
Analysts says there is a bigger economic story behind the quarterly snapshots of Caterpillar and McDonald's
The third quarter report of Caterpillar and other heavyweight international companies could give a clearer picture of how the global economy is doing. It reveals that there really is a global economic slowdown.
China says increasing outflow of money is normal, no sign of panic capital flight
Administration of Foreign Exchange (SAFE) Deputy Head Wang Xiaoyi said the recent outflow of money from China is normal and that it should not be regarded as capital flight.
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Nasdaq clocks 12% rise in profit on high trading volume
Nasdaq Inc recorded a 12 percent jump in quarterly profit as higher trading volume and acquisition of Dorsey Wright helped the transatlantic exchange operator perform better. Analysts forecast earnings of 86 cents per share.
Oct 23, 2015 6:32 AM EDT
Brazil keeps interest rates unchanged at 14.25%
Despite a surge in inflation and the ongoing worst recession in the economy, Brazil's central bank preferred to keep the interest rates at the same level without any change. Brazil seems to be avoiding more harm to the ailing economy in its worst recessions over the decades.
Oct 23, 2015 6:30 AM EDT
Intel to convert processor plant in China into memory chips factory
Intel is shifting its focus toward memory technology as demand for its core processors declines. The company says it will spend as much as $5.5 billion over the next few years to shift production in its China plant from processor chips to memory chips.
Oct 23, 2015 6:24 AM EDT
Alphabet reports an increase in revenue and announces shares buyback plan
Alphabet Inc, parent company for Google announces that the company third0quarter revenue increases by 13 percent. The company also announces shares buybcak plan of up to $5.09 billion.
Oct 23, 2015 2:38 AM EDT
Biogen to cut 880 jobs and end several research projects in company restructuring
Biogen stated that it will cut about 880 jobs and stop some research project in drug developments due to the company restructuring. The move will save $250 million in a year and will be invested back for more promising programs.
Oct 23, 2015 12:49 AM EDT
Japan Tourism Boost Due to Foreign Tourist Influx with Expenditure $8.3 billion, Free Spenders are Chinese Visitors
Japan's Tourism Economy is booming due to Foreign visiting the country. The esxependiture rate ranged into 1 trillion yen ($8.3 billion) and the big spenders contributing the number are Chinese tourists.
Oct 22, 2015 8:50 AM EDT
United Kingdom To Give off Two Year Multiple Entry Visas to Chinese Tourists to Boost UK Tourism Economy
Amid the Chinese President, Xi Jinping state visit in United Kingdom, the British Prime Minister announced that they are granting Chinese visitors two Year Multiple Entry Visas. The British government is also aiming to strengthen the China-UK relationship.
Oct 22, 2015 8:33 AM EDT
GM Pre-Tax Profit Higher than Expected
General Motors exceeded expectations with a pre-tax profit increase of 37 percent or $3.1 billion in the third quarter thanks to strong sales in North America and improved performance in China.
Oct 22, 2015 4:16 AM EDT
Ferrari prices IPO at $52 per share, bringing its market capitalization to $9.8Bn
Italy-based luxury car maker Ferrari prices its initial public offering at $52 Tuesday, bringing its market capitalization to almost $9.8 billion.
Oct 21, 2015 9:27 PM EDT
Travel Booking Website Expedia Adds New Tool Disclosing Airlines' "Hidden Costs" for more Transparency Views of their Site
Expedia launch a new option tool that will reveal airlines other hidden costs. The travel booking site is attempting to increase the transparency view of their site to out stand their competitors.
Oct 21, 2015 10:34 AM EDT
China's Sinopec plans to buy majority shares from petrochemical firm Dragon Aromatics, after suffering fire accidents
China’s Sinopec Corp plans to buy petrochemical firm Dragon Aromatics after a series of accidents, which involved explosions and fires that jeopardized the lives of the residents in the locality.
Oct 21, 2015 9:47 AM EDT
It's time for rate hikes - Fed officials
More and more Fed officials are encouraging starting the interest rate hikes to keep up with the looming inflation rate increases due to the economic growth.
Oct 21, 2015 9:46 AM EDT
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