Hormel Foods Q3 profit rises amidst lesser sales
It's a great comeback for Hormel Foods to get in the business with higher revenue for the third quarter in spite of the avian flu epidemic that hardly hit its Jennie-O Turkey production. Thanks to the acquired Skippy Peanut butter and Wholly Guacamole together with the refrigerated foods that boost the revenue for the titan company.
Aug 20, 2015 3:45 AM EDT
PayPal acquires mobile commerce company Modest in an effort to provide better shopping experience for customers
PayPal acquired mobile commerce company Modest to provide a better buying experience for customers and enhance “contextual commerce.”
Target raises annual profit outlook with more traffic and customers spending
Discount store Target raises annual profit outlook with more people going to their chains and shoppers spending more in each trip. The significant increase they are experiencing is brought by its new CEO Brian Cornell.
Shanghai Stock Index Reverses its Loss while US, European, and other Asian Markets were Down
China’s main stock index was higher Wednesday after experiencing a significant drop early during the trading session. Other stock markets in Asia were mslty lower due to the unstable Chinese economy.
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Sephora's 'Epic Rewards" became 'Epic Returns'
Sephora's 'Epic Rewards' had harbored more customers and generated more sales. The rewards promotion is also the reason why customers are returning their products saying that the said promotion turns out to be a massive disappointment.
Aug 20, 2015 2:44 AM EDT
Volatile Chinese markets drive nervous investors to offload
The volatility in the Chinese stock markets is pushing nervous investors to offload their investment. the slowdown in China's economy, oil price drop and possible rate hike by US Fed are impacting the market sentiment.
Aug 20, 2015 2:41 AM EDT
Diversify your investment portfolio with these ETFs
When looking to invest on ETFs, you only need to keep one thing in mind: cost. ETF is a marketed security that keeps tabs on indexes, baskets of assets of index funds, bonds, and commodities.
Aug 20, 2015 2:39 AM EDT
US energy stocks slip as oil price drop continues to 6-year low
The oil price drop to 6-year low and rise in crude inventories are taking a toll on energy companies. This put more pressure on trading in energy stocks on Wall Street. The market forecast of interest rate hike by Fed also further dampened the sentiment.
Aug 20, 2015 2:31 AM EDT
Sports Drinks in the US are on a tight race to the finish line
The battle for the best sports drink in terms of market share has just begun. Contenders like Gatorade, Powerade and the latest which is BodyArmor endorsed by NBA Star Kobe Bryant secured their place firmly. However, with people aware of the preservatives and high-sugar content of some of the popular soft drinks, it seems that in the long run, BodyArmor will be declared the winner for having a bigger market the coming months because of not using artificial colors and high-sugar content sweeteners.
Aug 19, 2015 11:51 PM EDT
Venezuela's currency against US dollar tumbles 737%
Venezuela's currency, the Bolivar, against the US dollar is falling by the day. The bolivar fell over 700% in just 12 months indicating the worst economy conditions, increasing inflation rate, drop in oil export revenues. The country is heading towards default on its debt repayment.
Aug 19, 2015 11:45 PM EDT
TrackIF helps shoppers and businesses save money; Raised $5 Million in a Series A funding
TrackIF, a tech company that lets its users track their favourite product online has raised $5 million in a Series A funding round lead by Origin Ventures and Grotech Venture.
Aug 19, 2015 11:30 PM EDT
Instacart shifts contractual personal shoppers to part-time employees in its 16 locations
The startup grocery delivery service Instacart is shifting its personal shoppers from freelance contractors to part-time employees. However, drivers will remain contractual in the company.
Aug 19, 2015 11:16 PM EDT
Whatever happened to Disney and Maker Studios $500M big deal?
Disney and Maker Studios collaboration is deemed unsuccessful due to clash between executives and corporate structure.
Aug 19, 2015 11:12 PM EDT
Global stocks emerging platform for varied returns for investors
The variation in different economies offer a variety of returns for investors. Trading in global stocks enable investors to offset the risk associated with one country with another.
Aug 19, 2015 10:47 PM EDT
Toshiba wants new blood to lead its board; Interim president stays
Japanese major Toshiba Corp has reshuffled its board by inducting more outside directors, while retaining interim President on permanent basis. Toshiba has conveyed an extraordinary shareholders' meeting to seek approval for the board restructuring.
Aug 19, 2015 4:33 AM EDT
More IPOs from technology-driven healthcare to hit Wall St
The affordable digital healthcare solutions supported by the US government are expected to result in more activity in the industry. This will witness more IPOs hitting the Wall Street, according to industry analysts.
Aug 19, 2015 1:59 AM EDT
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