The concept ‘retail everywhere’, just like the ‘TV everywhere’ strategy of the cable providers, is going to change the concept of how people shop. It looks like that the omni-channel moment has arrived in the field of retail too. Now, consumers can browse, learn, experience, compare, and purchase their favorite products and brands anytime, anywhere, [...]
On Monday, the struggling video game company Zynga declared to lay off 18% of its workforce. The company will fire 520 employees for stabilizing its finances. The sacking will be done in all sections of the company. It will also shut down a few of its office locations. The maker of the popular online game [...]
David Karp, the 26-year-old founder of popular blogging service Tumblr, joined a small circle of 20-something entrepreneurs who became rich before turning 30. This week, Karp reached an agreement with Yahoo to sell Tumblr for $1.1 billion. He is expected to get at least $250 million from that deal. Karp never completed high school or [...]
On Tuesday afternoon, Tesla, the electric-car maker company, experienced a drop in its shares, quite opposite to the company’s earlier gains. However, its shares are still more than twofold the last 6 weeks. After the company’s announcement of its first profitable quarter, the white-hot stock’s price rocketed in May’s first week. On Monday, the shares [...]
Car enthusiasts have accepted the new designs from Tesla Motors Inc (TSLA.O) quite genially. The appreciation from the customers gave the company the thump of endorsement in a ‘green’ car industry, which it needed much after the struggles and massive failures over the past year. The 10-year-old company has taken its first attempt to reach [...]
The largest banks of the word has been given time by the U.S. Commodity Futures Trading Commission to prove their complaisance with a portion of the Dodd-Frank Act. The deadline will be expired on May 3. The 2010 law wants the exchange brokers to reject or accept a trade for clearing within a minute. The [...]
On Friday, some PNC Bank customers reported facing troubles accessing mobile banking and their online accounts. Marcey Zwiebel, the spokeswoman for the bank, said that they were probing the reasons and working to fix them. A spokesman for Sears Holdings Corp. said that the Moon’s Kmart store will be shutdown on mid-July with liquidation sales [...]
Tech giant company Apple (AAPL) said that it would hand out $100 billion in hard cash among its shareholders by the end of 2015. The company also hinted a drop in the current quarter’s revenue in comparison to the same period of the previous year. If it happens, it will be the first decline for [...]
On Tuesday, the mobile app and the web site for ‘Charles Schwab & Co.’ were offline for more than an hour. According to the company, the problem occurred due to a denial of service attack. A statement released by the company said that the problem occurred shortly before the closing of today’s stock market. The [...]
On Thursday, AlphaOne Capital Partners’ senior portfolio manager Dan Niles said in CNBC’s ‘Squawk on the Street’ that the stock price of Apple (AAPL) would drop continuously if the company did not announce a dividend increase during reporting its earning next week. At recent time, the stock price of the company has dropped below $400 [...]
While the investors are still excited about the potential of Yahoo, the tech company has to show them the results to keep up and justify that zeal. Since Marissa Mayer became the CEO of the company last July, the shares of Yahoo (YHOO) are up by 55 percent. They are increased by 22 percent so [...]
Despite achieving some substantial progress, most of the online users of Regions Bank could not access to the bank’s home page. Only one customer was there who had reported about the restoration of regular access. The domain registration of Regions Bank’s home page was expired on Monday morning. In place of the usual landing site [...]
Frenzied selling knocked down the price of gold on Monday. The yellow metal saw a downfall of more than 9 percent and below the key $1,400 at every ounce level. The damage of gold by investors on Monday follows by a 5 percent fall on Friday. According to CME group, the closing price of gold [...]
The government of the U.S. will again fail this year to collect billions of dollars in taxes from wealthy individuals and corporations who have shifted their income into tax refuges. In fact, the United States is not the only country to be deprived of such huge amount of taxes. Throughout the world, the amount of [...]
On Thursday, Congress passed legislation that was supposed to give more freedom to many government agencies in taking decision regarding which program should be cut. The original legislation requested across-the-board 5% cuts in domestic programs and 8% cuts in defense programs. Just after passing the $1 trillion measure, Congress went for a spring break. It [...]
Lululemon is experiencing a worldwide shortage of its newly released product ‘Luon’ pants. The problem occurs after the company unwittingly manufactured thousands of yoga pants, which apparently looks gauzy. On Monday afternoon, the company gave a written statement on the current issue, which titled ‘Black Luon Pants Shortage Expected’. The statement said that certain deliveries [...]
A quick look at the Lululemon Athletica brand acts as a sign for a comparatively small but increasing circle of fitness fanatics. The company is dearly loved to those who worship tight-knit communities, healthy living, and multicolored athletic apparel. The loyal followers of the company are just crazy about it. California’s 24-year-old Nitasha Khetarpal is [...]
Jim O’Neill, the economist of the Goldman Sachs and the famous inventor of the acronym ‘BRIC” that implies to the shifting of the global economic power, said that euro could be extinct by 2020. His opinions were presented at the delegates’ meeting in the Spring Ambrosetti Forum by Lake Como. At that meeting, many delegates [...]
The trading of U.S. stocks has received a boost but the banking sector is lagging miles behind. In fact, the banking stocks showed an impressive comeback from the economic crisis by heaving almost 200 percent since the great fall in March 2009. In this regard, it outperforms every other sector. However, the sector is yet [...]
On Friday, President Barack Obama admitted that deep federal budget cuts had already arrived with no possible solution on sight. He warned that this outcome would be harmful to the economy but at the same time said about his inability to stop it. A last attempt to persuade the congressional leaders at a meeting in [...]
The recent budget trouble has threatened the Medicare. The patients and the healthcare professionals are going to feel the heat of a fiscal death-pack a.k.a. the Sequester entered into by the President and the Congress. According to the reports of ‘American Medical News’, the Sequester’s 12 percent would be made up by the Medicare cuts [...]
In recent times, Domino’s pizza has been going as great as one of its latest fresh-dough pan pizzas. The company has posted strong home and global growth along with plan to collect more funds from sponsors for marketing purposes, which will likely to help them in maintaining their fast-growing brand platform. J. Patrick Doyle, the [...]
Antonio Villaraigosa, the mayor of Los Angeles supported the sales tax hike by half-cent on the ballot of March 5. The tax hike has been pushed in order to protect public safety agencies including the Police Department from job cuts. Some major labor leaders as well as business leaders also backed the increase as a [...]
Finally, Lynsi Torres, the president and possessor of the ‘In-N-Out Burger’, is going to have her 15 minutes of fame. The 30-year-old woman is one of the youngest billionaires throughout the world because of being the heiress to the fast-food giant in West Coast. The Bloomberg Billionaire Index shows that the property of the burger [...]
Not many people dislike chicken wings, especially on an event like Super Bowl Sunday. Sioux City’s Buffalo Wild Wings has caught this chance and planned to make a good profit out of it. The restaurant has taken preparation by adding staff and of course, chicken. In fact, they prepared extra 5,250 wings just for delivering [...]
According to Bank of America, its website of online banking crashed on Friday. Due to the crash, customers could not access their accounts for the interim. Customers were trying to get into their accounts from Friday morning but it showed a message instead reading like ‘temporarily unavailable’. Bank of America Corp assured that they took [...]
In order to recover the PlayStation’s declining sales for two years, Sony Corp. has been working to make a new edition of home console. The new console is meant to be more powerful and to provide more entertainment features with realistic games. After talking to the retailers and developers of the company, an analyst in [...]
In order to cover up the record loss, the United States Postal Service (USPS) has increased one penny in the cost of per standard letter. The earning of the USPS has been declining over the past several years and they lost $15.9 billion in 2012 alone. The recovering move can be called a clever one [...]
On Thursday and Friday, the Citizen Bank’s customers faced problems intermittently accessing their mobile banking and online accounts. The incident, which was followed by a denunciation of service attack, was reported by the bank’s official Facebook page. Such type of attacks is done by flooding a number of websites with communications requests. In recent months, [...]
On Wednesday afternoon, Apple announced its first quarter earnings. The stock of the company took a hit after the earnings announcement. The earnings topped profit forecasts but the sales of iPhone were lower than expected. Apple’s shares experienced more than 5% fall during the after-hours trading. At the close of New York’s trading, the stock [...]