The shares of Starbucks Corporation (NASDAQ:SBUX) rose 2.46 percent closing at $81.18 after the company announced improvement in the sales of gift cards. The recent data shows that gift card sales were up 16 percent during the holiday season in the U.S. The world’s largest coffee chain had an excellent holiday season and the company…
Apple Inc. (AAPL) Might Come Up With a Flexible Smartphone in Future, Secures Patent For Flexible Electronic Device
Apple Inc. (NASDAQ:AAPL) has long been the powerhouse of innovation and it has yet again signaled another technological wonder in the making. The iPhone maker has secured patent for flexible electronic device sending the expectations of tech experts a step further. The latest patent from the company proposed an electronic device that can easily be…
General Motors Company (GM) Leads The Auto Industry In Year-Ending Sales, Lower Fuel Prices And Interest Rates Boost Sales
It was an excellent year-end quarter for the automaker companies with General Motors Company (NYSE:GM) outperforming market expectations. This was the best year for the auto manufacturer industry in terms of its sales in December since 2006. General Motors had an excellent year with the increasing sales of its large pickups and sports-utility vehicles. It…
McDonald’s Corporation (MCD) Escalates Efforts to Woo Customers, Ready to Redesign ‘I’m Lovin’ It’ Campaign As Per Customer Taste
After facing declining sales for the past several months, McDonald’s Corporation (NYSE:MCD), the world’s largest fast-food chain, is all set to adapt to the changing customer taste. The latest reformations from the restaurant chain include more emphasis on the ‘lovin’ part of its ‘I’m Lovin’ It’ campaign. According to the latest update from the fast-food…
American Airlines Group Inc (AAL) to Raise Pilots’ Pay Starting at 23% After Union Ratifies Contract
American Airlines Group Inc (NASDAQ:AAL) is set to raise the pay rate of its pilots by an initial 23 percent, with additional 3 percent annual raises accruing each year covering a five year term contract. Union leaders, representing the Allied Pilots Association, have accepted the five year agreement with American Airlines, and union members will…
DISH Network Corp (DISH) Joins “The Interview” Bandwagon With Pay-Per-View Offering
DISH Network Corp (NASDAQ:DISH) is the latest company to offer support to “the Interview” movie, the film depicting the assassination of the North Korean leader. This will allow Sony to gain a larger view base considering the 14 million subscribers of DISH. DISH agreed to offer the controversial movie with a pay-per-view subscription level and…
Alibaba Group Holding Ltd (BABA)’s Counterfeit Product Identification Cost Retailer $161 Million Since 2013
One of the recent updates from the world’s largest e-commerce company, Alibaba Group Holding Ltd (NYSE:BABA), disclosed that the company has spent over $161 million in its fight against counterfeit products on its websites. The ecommerce giant has pushed for more scrutiny to identify fake goods in the recent years. The online retailer has spent…
Family Dollar Stores, Inc. (FDO) Postpones Shareholder Vote For Dollar Tree, Inc. (DLTR) Acquisition Offer
What might sound a bit discomforting for the management of Family Dollar Stores, Inc. (NYSE:FDO), the shareholders of the company voted against the acquisition bid of Dollar Tree, Inc. (NASDAQ:DLTR). The company has adjourned the meeting to January 22, 2015 and majority of shareholders voted in favor of the adjournment. The financial restructuring plans of…
DISH Network Corp (DISH), Comcast Corporation (CMCSA)’s SportsNet Ends Dispute With New Carriage Deal
DISH Network Corp (NASDAQ:DISH)’s subscribers in the Bay Area, California, Chicago and Mid-Atlantic regions will continue to enjoy Comcast Corporation (NASDAQ:CMCSA)’s SportsNet feed asd the two companies have finally settled to ink a new multi year carriage deal after weeks of negotiations. The original carriage agreement have expired on December 2 this year. DISH Network…
FedEx Corporation (FDX)’s Shares Fall Post Weaker Quarterly Results Despite Lower Fuel Prices
The shares of FedEx Corporation (NYSE:FDX) fell nearly five percent after the company announced lower-than-expected second quarter 2015 financial results. FedEx Freight and FedEx Ground were the two units losing out on market expectations. The courier service company announced its second quarter 2015 financial results with consolidated revenues of $11.9 billion along with operating income…