Weak Earnings and Lower Guidance Send Shares of Dick’s Sporting Goods Plunging

Weak Earnings and Lower Guidance Send Shares of Dick’s Sporting Goods Plunging

Posted by on Aug 16th, 2017 // No Comments

On Tuesday, Dick’s Sporting Goods reported that earnings in its second-quarter did not meet analysts estimates. Furthermore, the retailer offered shallow guidance for the remainder of the year. From first glance, things might... 
Facebook Unveils ‘Facebook Watch’ To Eat Broadcasters Revenue

Facebook Unveils ‘Facebook Watch’ To Eat Broadcasters Revenue

Posted by on Aug 13th, 2017 // No Comments

Facebook has moved to expand its video empire with the unveiling of Facebook Watch dedicated to original video shows. The new platform is designed to give users a new way of watching videos online in addition to helping the social... 
Kering Dismisses Lawsuit In Favor Of Cooperation With Alibaba On War Against Fakes

Kering Dismisses Lawsuit In Favor Of Cooperation With Alibaba On War Against Fakes

Posted by on Aug 11th, 2017 // No Comments

Luxury goods firm Kering has reached an agreement to drop a lawsuit which it had filed against Chinese online retail leader Alibaba. The suit which had been filed two years ago in New York alleged that Alibaba was in a conspiracy with... 
Users Under 25 Most Active On Instagram

Users Under 25 Most Active On Instagram

Posted by on Aug 9th, 2017 // No Comments

Instagram has been found to be most popular among users aged under 25 as this demographic spends over half an hour on the app on a daily basis. Users aged 25 and above used the photo-sharing app for an average of 24 minutes per day.... 
Twitter Testing Out A Tweet-Promoting Subscription-Based Tool

Twitter Testing Out A Tweet-Promoting Subscription-Based Tool

Posted by on Aug 7th, 2017 // No Comments

A subscription plan is being tested out by Twitter. The plan involves automatically promoting tweets with a view to reaching more users as well as to grow the follower base. For a monthly fee of $99, the service which is in private... 
Upcoming Apple TV Expected To Offer HDR Support

Upcoming Apple TV Expected To Offer HDR Support

Posted by on Aug 5th, 2017 // No Comments

Reports indicate that Apple is planning to release an Apple TV that supports high dynamic range. This emerged after movies listed on iTunes were shown to be supporting HDR and 4K in the purchase histories of users in the Canadian and... 
Apple Watch Expected To Be Launched In Fall

Apple Watch Expected To Be Launched In Fall

Posted by on Aug 2nd, 2017 // No Comments

A new model of the Apple Watch, Series 3, is expected to be launched this fall. This is based on reports that one of Apple’s contract manufacturers assigned the responsibility of being the primary manufacturer of the latest version... 
JD.com Grows Faster Than Wider Chinese Ecommerce Sector

JD.com Grows Faster Than Wider Chinese Ecommerce Sector

Posted by on Jul 31st, 2017 // No Comments

Reports indicate that Alibaba’s rival, JD.com, is growing at a faster rate than the wider ecommerce sector in China. This is being attributed to an expansion of the product line in order to entice wealthy shoppers as well as widening... 
IBM CEO Ginni Rometty Is Backed By Over-tenured Board Members

IBM CEO Ginni Rometty Is Backed By Over-tenured Board Members

Posted by on Jul 27th, 2017 // No Comments

IBM’s current CEO Ginni Rometty and the company’s board members are currently facing some pressure following the report that the company’s revenue has declined for 21 consecutive quarters. Rometty has manned the helm at IBM for... 
Bush Brothers Issues Baked Beans Recall

Bush Brothers Issues Baked Beans Recall

Posted by on Jul 26th, 2017 // No Comments

We have another food recall today: Bush Brothers & Co has announced a voluntary recall of Bush’s baked beans. On Saturday, the company said it would be recalling all 28-oz cans of Bush’s Best Brown Sugar Hickory Baked... 
Kwik Trip to Acquire PDQ Food Stores in Midwest

Kwik Trip to Acquire PDQ Food Stores in Midwest

Posted by on Jul 23rd, 2017 // No Comments

On Wednesday, convenience store operating firm Kwik Trip Inc announced their agreement to acquire assets from the convenience store chain PDQ Food Stores Inc. For now, the price of this deal has not been disclosed but, a press release... 
US Spice Maker McCormick & Company Will Acquire the Reckitt Benckiser Food Brands

US Spice Maker McCormick & Company Will Acquire the Reckitt Benckiser Food Brands

Posted by on Jul 22nd, 2017 // No Comments

McCormick & Company—the US spice maker—has just bought the Reckitt Benckiser food business in a deal worth about $4.2 billion in cash. Calling it a “perfect match” the Sparks, Maryland-based company won the bid after fighting... 
JP Morgan Shares Dip Despite Positive Numbers

JP Morgan Shares Dip Despite Positive Numbers

Posted by on Jul 20th, 2017 // No Comments

JPMorgan Chase reported its second-quarter earnings to show that activity is strong, beating top and bottom line numbers on the heels of strong lending results that have offset trading declines. In spite of this, though, trading took... 
Pimco Files Complaint Against Wells Fargo

Pimco Files Complaint Against Wells Fargo

Posted by on Jul 19th, 2017 // No Comments

A couple of Pimco investment funds have accused Wells Fargo of paying its own legal costs using noteholder’s money. According to lawyers representing Pimco, approximately $95 million has been reserved by Wells Fargo to take care... 
Target Announces An Improved Outlook For The Second Quarter

Target Announces An Improved Outlook For The Second Quarter

Posted by on Jul 18th, 2017 // No Comments

Target Corporation has disclosed that it expects an improvement in second quarter results following a brand revitalization campaign which ended up lifting customer traffic and pushing sales higher. In contrast to four consecutive quarters... 
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