Articles by Staff Writer

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.

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 go ahead with production

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 01:55 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 01:25 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 01:15 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 01:08 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


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