Alibaba Group Holding Ltd (NYSE:BABA) has generated an amount of $2 billion in sales for the first hour that it served buyers in an online annual shopping spree popularly known as “11.11 Shopping Festival”. According to the company, the first 18 minutes of the sales festival has seen half of the $2 billion coming in,…
J C Penney Company Inc (JCP) Loses Nearly 11% Share Value Post Lower Same-Store Sales Forecast
The shares of the struggling retailer, J C Penney Company Inc (NYSE:JCP), tanked 10.88% after the company announced a lower same-store sales forecast for Q3 2014. The company stated lower sales in September as the primary reason for cutting its sales forecast. After the much awaited analyst day announcements from the retailer, the management announced…
Alcoa Inc (AA) Achieved Strong Quarter Results By Repositioning Its Portfolio, Says CEO Klaus Kleinfeld
Alcoa Inc (NYSE:AA) stunned the market with third quarter 2014 earnings surpassing the market estimates primarily because of lower operating costs and higher aluminum prices. The positive result from Aluminum Company is one of the first from S&P 500 companies to announce its quarterly results and hint towards the improvement of the U.S economy. CEO and…
Facebook Inc (FB) COO Sheryl Sandberg Spells out the Social Media Company’s Biggest Risks
Facebook Inc (NASDAQ:FB), just like any other social media company, has several risks that demands that the company keeps on reinventing itself to avoid collapsing or losing substantially to competitors. Sheryl Sandberg was in New York for the Advertising Week where she was interviewed by Fortune about the company’s plans as they surge into the…
Twitter Inc (TWTR) Invests $10 Million on MIT Social Media Research Project
Twitter Inc (NYSE:TWTR) will avail all tweets to Massachusetts Institute of Technology research group to analyze how people use social media to share ideas and achieve shared goals. The team will then come up with a robust communication tool that can be used by people for social, civic, and political collaborations. The tool will also…
Bed Bath & Beyond Inc. (BBBY) Performs Beyond Wall Street Expectations
Bed Bath & Beyond Inc. (NASDAQ:BBBY), a domestic merchandise chain store, yesterday reported financial year’s second quarter profit of $224 million and a per share net profit of $1.17, beating Wall Street’s expectations. In terms of total revenue, Wall Street had projected $2.9 billion, but the company posted $2.94 billion. The company’s earnings per share…
Herbalife Ltd. (HLF) Takes A Breath With Recent News
When rumors came out on Monday that billionaire Carl Icahn was offloading his stake at Herbalife Ltd. (NYSE:HLF), the company stock went down below $39 for the first time in more than a year. However, when Fox Business’ Charles Gasparino tweeted that Icahn hadn’t sold his shares, the stock jumped up again, posting 8.31% to…
How YUM! Brands (YUM) Will Compete With Chipotle Mexican Grill Inc (CMG)
Is YUM! Brands (NYSE:YUM)‘s Pizza Hut on the same spree as Taco Bell and KFC to explore to fast-casual method of serving its fare akin to Chipotle Mexican Grill Inc (NYSE:CMG)? There are all kinds of eating outfits – while on the run you could resort to something like Chipotle Mexican Grill Inc (NYSE:CMG) but if…
Doral Financial Corp. (DRL) Continues Push for $230 Million Puerto Rico Tax Refund
Doral Financial Corp. (NYSE:DRL), the second largest mortgage company in Puerto Rico, through its lawyer, is continuing with its aggressive push for overpaid taxes amounting to $230 million. There was an earlier agreement between Puerto Rico treasury department and Doral Financial Corp. (NYSE:DRL) for the refund to be effected, but the government turned back to…
Microsoft Corporation (MSFT) Renders Office 365 Accessible To Students
It was in December, 2013, that Microsoft Corporation (NASDAQ:MSFT) introduced its student oriented program and provided it to as many as 35,000 institutions across the world through accessibility via Office 365. To be able to use this program to reinforce or help with the curriculum, institutions were required to install either of the two Office…