Articles by Staff Writer

3061-3090 (out of 3726)

Fed rate hike seen with steady July jobs growth

Economists see an interest rate hike, possibly next month, as the US records a steady jobs growth in July. But while new jobs are being created, wages have almost stayed the same.

Aug 11, 2015 1:22 AM EDT


Democratic hopeful Hillary Clinton to propose a college affordability program worth $350B

Hillary Clinton will propose an affordable educational program that will help students to repay their dues, will grant free education to some and will lessen the expenses of educational institutions.

Aug 11, 2015 1:20 AM EDT


Zynga finds refuge from slots with 30 percent revenue growth

Slot games narrowed the $62.5 million losses of Zynga by almost half with its 30% growth in revenue. Its shareholder lawsuit is also settled out of court for $23 million.

Aug 10, 2015 10:57 PM EDT


Prayas Analytics helps retailers boost sales using in-store security camera

Prayas Analytics is a software installed in security cameras. It helps analyze sales transactions inside a store.

Aug 10, 2015 10:52 PM EDT


Rise of the Fallen Titan: Nokia plans for a return to mobile

Nokia declares preparations for its comeback into the mobile business. Reuters reported that Nokia is once again hiring employees with the goal of getting back into the mobile world.

Aug 10, 2015 10:45 PM EDT


Food prices at its lowest in 6 years: Here are the reasons why

Food prices dropped due to abundant supplies of dairy products, soybean, and palm oil, the UN Food and Agriculture Organization reports.

Aug 10, 2015 10:32 PM EDT


Abercrombie & Fitch ends 'on-call' shift in all of its outlets in the U.S. starting September

In response to the letter sent by New York Attorney General Eric Schneiderman regarding the unlawful on-call shift of its employees, Abercrombie & Fitch announced it would end its on-call scheduling in September.

Aug 10, 2015 3:53 AM EDT


Tesco sells 6 billion pounds worth of assets to build turnaround fund

Tesco hopes to end its 'junk' status by filling its 5.74 billion pounds losses this year with a 6 billion pounds sell-off. Investors remain positive with UK's retail giant as shares go up.

Aug 10, 2015 3:49 AM EDT


Zara's parent Inditex gains 36%, founder Amancio Ortega becomes the second wealthiest man in the world

Zara lead Inditex in joining the 100 billion club and has become Spain's most valuable company. Its founder Amancio Ortega becomes the second wealthiest man in the world.

Aug 10, 2015 1:48 AM EDT


IMend phone repair in West Sussex grows 35% customers every month

IMend founder Keir McConomy told a report that the first U.K. on-call phone repair service is growing 35% customers monthly.

Aug 10, 2015 1:40 AM EDT


Foxconn Technology Group signed a $5B MOU in India to build manufacturing, R&D hub and a smart city

Foxconn is investing $5B in India for its expansion on manufacturing and R&D. The deal also include the development of a smart city.

Aug 10, 2015 1:33 AM EDT


Super Bowl ads reach record-breaking high at $5M for 30-second spots

The price of airing a Super Bowl ad is increasing year by year with today's 30-second exposure amounting to $5 million.

Aug 10, 2015 12:01 AM EDT


Returns on US Public Pensions drop to worst since 2012

The bleak performance in the global stock markets had impacted the returns on US pension funds and bonds.

Aug 09, 2015 11:45 PM EDT


Informatica closes deal to go private; Microsoft and Salesforce are strategic investors

A few months after announcing its plans to go private, Informatica closes the deal at $5.3 billion. Informatica, the enterprise software provider based in Redwood City and announced in April that it will be bought for $5.

Aug 09, 2015 11:17 PM EDT


McDonald's pulls off another trick: Table service in U.S. and U.K. outlets

McDonald's is trying out a table service this time. The trial is ongoing on 50 locations in the U.S. and one of its restaurants in England.

Aug 09, 2015 11:05 PM EDT


Media stocks tumble as more customers ditch cable

US stocks, led by shares of media companies, tumbled on Thursday, as earnings reports indicate more and more cable subscribers are shifting into video streaming for viewing. As people move away from traditional TV, Netflix shares soar.

Aug 09, 2015 10:19 PM EDT


'Blackfish' caused SeaWorld profit to dive by 84%

Blackfish documentary made a large impact on SeaWorld's second quarter performance leaving it with a plunge of 84%. Although there are other factors that caused the decline, the documentary is the main reason giving people the wrong impression about the captive whale. Despite all the challenges, CEO Joel Manby is still positive the company will overcome it and get back to business as usual.

Aug 07, 2015 12:08 PM EDT


New Yorkers give thumbs up to $15 per hour wage increase

Wage increase means commodity price increase. New Yorkers agreed and willing to pay more to help fast food workers elevate their standard of living. Other U.S cities will follow the phase in the next couple of years.

Aug 07, 2015 11:47 AM EDT


Good Eggs online farmers' market shuts down its operation in Brooklyn, New Orleans and Los Angeles

Good Eggs is closing down its operation in New Orleans, Los Angeles and Brooklyn. The CEO admitted they didn't understand that their target of multiplying outlets needs a different approach in business.

Aug 07, 2015 11:45 AM EDT


Blue Bell gets green light to resume production after

The US food authorities have given approval to Blue Bell to resume its ice cream production, which was forced to stop following the reports of illness and deaths caused by listeria bacteria contamination.

Aug 07, 2015 1:55 AM EDT


Zynga increases profits but loses users; Plans to launch new game

Zynga enjoys a dramatic increase in bookings and profits yet active users are declining. The company announces its partnership with Warner Bros. in a new slot game to be launched in 2016.

Aug 07, 2015 1:25 AM EDT


Intel ups bonus for referring women and minorities in a bid for workforce diversity

Tech giant Intel reveals that one of their ways to move forward to their diversity goal is to double their referral bonus to employees who refer women and minorities into their workforce.

Aug 07, 2015 1:15 AM EDT


Tesla's stock down 6% as it lowers car delivery forecast

Electric carmarker Tesla has reported better-than-expected second quarter results. But it lowered its car delivery forecast for the year, sending its stock tumbling.

Aug 07, 2015 1:08 AM EDT


From radio to TV, Spotify's content chief Ken Parks joins Pluto TV

Ken Parks, chief of Spotify's content, will be joining streaming startup Pluto TV as its Chairman. Parks will still work with Spotify in an advisory capacity to CEO Daniel Ek after the transition.

Aug 06, 2015 11:32 PM EDT


BEA: Residential and commerical real estate investments are in the uptrend, albeit very low

The business revival in the US economy is bringing more investments back into residential and commercial real estate.

Aug 06, 2015 11:16 PM EDT


Activision Blizzard surprises Wall Street with better-than-expected profits, earnings

Game publisher Activision Blizzard has posted positive earnings reports for the second quarter of 2015, exceeding analysts' expectations.

Aug 06, 2015 10:29 PM EDT


Batman saves the day for Warner Bros: Q2 game revenue 135% higher

Despite gamers' complaints on the worst performance of Batman: Arkham Knight, Warner Bros. still managed to bag an increase of 135% on their game revenues in this year's second quarter. Mortal Kombat X and Batman: Arkham City contributed a lot to the company's games business success.

Aug 06, 2015 8:04 AM EDT


Adidas Group acquires Runtastic fitness apps for $240 million

The sportswear company, Adidas Group, bought Runtastic fitness app for $240 million. It is said that Adidas had just found a perfect partner inspiring people to stay fit and healthy and live a longer life.

Aug 06, 2015 7:29 AM EDT


JPMorgan just made it easier to borrow $3 million for a home loan

Applying for a home loan of up to $3 million seems to be a lot easier with J.P. Morgan. Manageable requirements allow borrowers to get their dream house. With the company's new policy, they will be able to provide high-quality customers with better loan terms.

Aug 06, 2015 2:52 AM EDT


Silicon Valley Bus Drivers Woes: Apple is amenable to offer better working conditions

Apple is working out with contractors for its drivers' wage hike by $27.50 an hour. Recently, Teamsters Local 853, the tech bus union protested over their unpaid downtime from morning to evening.

Aug 06, 2015 2:34 AM EDT


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