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.
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.
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.
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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
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.
Oct 23, 2015 9:30 AM EDT
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.
Oct 23, 2015 6:42 AM EDT
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.
Oct 23, 2015 6:39 AM EDT
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
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