Nokia See Sales Boost from Patent Ruling

Nokia See Sales Boost from Patent Ruling

Posted by on Sep 18th, 2017

Nokia will begin booking additional revenue during the current quarter thanks to a ruling by an arbitration court over payments from LG Electronics, the South Korea electronics giant, for using Nokia’s smartphone patents. The Finland-based company said it would get a lift as well from a one-off payment though no disclosure was... 
Tesla Will Unveil Its Electric Semi-Truck in October

Tesla Will Unveil Its Electric Semi-Truck in October

Posted by on Sep 14th, 2017

Tesla will soon be entering a new market, as it moves beyond its high-end electric SUVs and sedans and into heavy-duty trucks, which had been promised by Elon Musk. The tech industrialist sent a tweet out on Wednesday saying Tesla... 
Looking to Shrink Debt Seadrill Opts for Bankruptcy

Looking to Shrink Debt Seadrill Opts for Bankruptcy

Posted by on Sep 13th, 2017

Seadrill Ltd, an offshore driller that John Fredriksen controls, filed for bankruptcy after it reached a deal with nearly all its lenders to inject over $1 billion of new capital into the business. Under the agreed to proposal, senior... 
Insurers Add Up Hurricane Costs in Monte Carlo

Insurers Add Up Hurricane Costs in Monte Carlo

Posted by on Sep 11th, 2017

While Hurricane Irma battered the state of Florida on Sunday, the top players in the world of insurance were gathered in sunny Monte Carlo assessing costs of the monstrous storm for the worldwide industry. Thus far insurers have said... 
Tilman Fertitta Buying Houston Rockets for $2.2 Billion

Tilman Fertitta Buying Houston Rockets for $2.2 Billion

Posted by on Sep 6th, 2017

The NBA’s Houston Rockets were sold to Tilman Fertitta a local billionaire who called his purchase a dream come true. The Houston native has dreamed of owning his hometown team since 1993. Terms of this deal which on Tuesday was... 
Factory Orders in U.S. Drop 3.3% During July

Factory Orders in U.S. Drop 3.3% During July

Posted by on Sep 5th, 2017

Orders in U.S. factories plunged by 3.3% during July, after being pulled down by a steep fall in demand for civilian aircraft. On Tuesday, the U.S. Department of Commerce said that orders in U.S. factories were down 3.3% during July,... 
Novartis Names New CEO

Novartis Names New CEO

Posted by on Sep 4th, 2017

CEO Jim Jimenez at Novartis is stepping down February 1 and handing over the reins to the Switzerland-based pharmaceutical giant to Vas Narasimhan the company’s chief of drug development. He will be tasked with the fate of $50 billion... 
Employers in U.S. Added 156,000 New Jobs During August

Employers in U.S. Added 156,000 New Jobs During August

Posted by on Sep 1st, 2017

Job growth in the United States slowed during August as companies added just 156,000 new jobs, but enough that it suggests most businesses are still confident in the economy nine years after beginning it recovery from the 2008 recession. The... 
CEO at Uber Planning To Go Public With Company Within Three Years

CEO at Uber Planning To Go Public With Company Within Three Years

Posted by on Aug 31st, 2017

New CEO at Uber Dara Khosrowshahi has a goal of taking the ride-hailing company public within the next 24 to 36 months, said a report in The Financial Times. The former boss of Expedia who will take the reins at Uber in less than a... 
In-N-Out Burger Suing Smashburger for Infringement

In-N-Out Burger Suing Smashburger for Infringement

Posted by on Aug 30th, 2017

Out west a burger battle has officially started and things might get messy. On August 28, a trademark infringement lawsuit was filed by In-N-Out Burger against one of its rivals Smashburger, reported the Orange County Register. In... 
Anheuser-Busch Stops Production to Provide Water to Harvey Victims

Anheuser-Busch Stops Production to Provide Water to Harvey Victims

Posted by on Aug 29th, 2017

Anheuser-Busch, the beer maker has switched to water, well one of the breweries for the beer maker has, and is producing drinking water in cans to be sent to the disaster areas where Hurricane Harvey hit over the weekend. The Cartersville,... 
Amazon Planning to Lower Prices of Products at Whole Foods

Amazon Planning to Lower Prices of Products at Whole Foods

Posted by on Aug 25th, 2017

Whole Foods Market has been jokingly called Whole Paycheck, and for good reason as prices are high for many items at the grocery chain, but that might soon change. Amazon, which will take official control on Monday of the upscale grocer,... 
Sears Shuttering 28 More Locations, Comparable Sales Down 11.5%

Sears Shuttering 28 More Locations, Comparable Sales Down 11.5%

Posted by on Aug 24th, 2017

Shares of Sears were up over 7% in premarket trading Thursday as the department store retailer made more progress in stabilizing its business. The retailer posted a loss that was narrower than had been expected but saw its sales continue... 
Total’s Shares Increase on Deal with Maersk Oil

Total’s Shares Increase on Deal with Maersk Oil

Posted by on Aug 22nd, 2017

Total Oil shares were up Tuesday morning in trading following upbeat comments by analysts regarding the French oil giant’s takeover for $7.45 billion of Maersk Oil. Total shares were higher by 0.8% in early trading, amongst the best... 
Economic indicators for International businesses trading in Asia

Economic indicators for International businesses trading in Asia

Posted by on Aug 21st, 2017

For international companies trading in Asia, multiple fundamental conditions need to be monitored. The general strength of domestic demand is important while fluctuations in US interest rates and the dollar’s level will have an important... 
Foxconn Will Build Three Support Facilities Along with Wisconsin Plant

Foxconn Will Build Three Support Facilities Along with Wisconsin Plant

Posted by on Aug 21st, 2017

Taiwan-based Foxconn, the electronics manufacturer said on Monday that it planned to build three support facilities in Wisconsin for its operation beginning as soon as next year, that would be part of the facilities that includes the... 
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