Current Industry News
Fresh Industry News
Even if you’ve found success, never rest on your laurels. Current industry news will get you higher. Every business belongs to an industry, and as the business grows, the changes in its industry must be known to the business owner as well.
Therefore, if you know the current industry news, you can definitely investigate, innovate, and inform yourself on the latest happenings whether from your competitor down the block or from the trends of the entire country. Focus on your target and start to read right now.
Goldman Sachs Posts $428M Loss in 3Q
Due to political and financial turmoil in the United States, investment bank Goldman Sachs Group Inc. said its third quarter earnings fell short by $428 million– the second quarterly loss since it went public 12 years ago.
RIM Reports Problem in BlackBerry Services in Europe, Middle East
BlackBerry maker Research in Motion Ltd. (RIM) reported on Monday that its customers in Europe, Middle East and Africa have been experiencing problems with various services.
Ford to Invest $4.8B in Plants, to Add Nearly 6,000 Jobs
Detriot-based auto giant Ford Motor Co. on Tuesday announced that it will invest more than $4.8 billion in its factories and add at least 5,750 new jobs as part of the new contract deal with the United Auto Workers union.
Starbucks Eyes Profit-Sharing Offset Cuts in Gov’t Spending
Starbucks Corp., the world’s largest coffee chain, on Tuesday said it is now eyeing profit-sharing with non-profit organizations to help offset the cuts by the US government in the funding for children and education.
Kodak Denies Bankruptcy Report, but Shares Plummet
Eastman Kodak Co., the company synonymous with cameras, on Friday denied reports over its planned bankruptcy that stemmed after the company hired a law firm well-known for such cases, triggering stockholders to pullout shares.
Reebok to Pay $25M over ‘false’ Toning Shoe Claims
US regulators on Wednesday said Reebok International Ltd, a unit of Adidas Ag, has agreed to pay $25-million penalty for unsupported and false claims with its RunTone and EasyTone, which was said to provide extra muscle strength.
FedEx Cuts Earning Forecast on Dismal Global Growth
FedEx Corp., the world’s second largest package delivery company, on Thursday said it is cutting its earnings forecast for the rest of the fiscal year due to uncertainties and global economic slowdowns.
Strong Demand for Autos ups July Factory Orders
A new data released by the United States Commerce Department showed that factory orders in the US has increased by 2.4 percent driven by strong performance by the automotive sector.
Pfizer Wins Viagra Patent Case vs. Teva
Pharmaceutical giant Pfizer Inc. “rises” to the occasion, beating Teva Pharmaceutical Industries in their court battle over the erectile dysfunction drug Viagra.
Yahoo, Alibaba Sign Deal with Japan’s Softbank
Internet giant Yahoo Inc., along with Chinese online firm Alibaba Group, has entered into an agreement with Japan’s Softbank Corp. for the compensation plan involving online payment service Alipay.
Amazon Opens Second Front In “war” With Apple
The biggest US online retailer Amazon.com has launch of Thursday a new section in its website, specifically for Macintosh users.
Wal-Mart Tests Home Delivery In San Jose, California
The world’s larges retail store chain Wal-Mart Stores Inc. on Saturday said that it has started with the pilot testing of its home grocery delivery service in San Jose, California as part of the effort to compete with the growing online retail business.
AT&T may sell assets to get gov’t approval for $39B deal
To be able to push through with its planned merger with T-Mobile, wireless giant AT&T may have to give up some of its major assets and expand services in poor areas, experts said.
Wal-Mart apologizes for expired duck meat in China store
Wal-Mart Stores Inc., the biggest retail store chain in the world, has issued an apology for all the consumers who bought expired duck meat in its China store.
Toyota to double profit by 2015
Toyota Motor Corp. President Akio Toyota on Wednesday said that the Japanese carmaker will be launching at least 10 new hybrid vehicle models to take advantage of the growing market for zero-emission cars – potentially raising its profit by more than 100 percent.
Wells Fargo to hire 1,000 staffs in May
The fourth largest bank by asset in the United States, Wells Fargo & Co. announced expansion plans on Tuesday – which includes the hiring of some 1,000 new staffs in its mid-Atlantic Wachovia locations.
Toyota to lay down its “Global Vision”
After suffering from the worst recall mess in its history, Toyota Motor Corp. is now heading to a new direction under its president Akio Toyoda as the world’s largest carmaker strives to reorganize itself within the next ten years.
Sharp to Launch Android-based e-Book Reader by December
In an effort to take major shares in the emerging e-book market, Sharp Electronic Corp said that it will launch a new digital book reader called the Galapagos, which runs on Android operating system.
FedEx Profits Increase, but Plans to Layoff Workers
Package delivery company FedEx has announced that its net income doubled during the first quarter pushed by its international air shipments.
Wal-Mart Engages “Price War” against Other US Retailers
World’s largest retailer Wal-Mart Stores Inc engaged in a “Price War” against other US retailers in a bid to win back thousands of shoppers it has lost to Target.
Wal-Mart Recalls “Miley Cyrus” Jewelry over Cadmium Reports
The largest retailer firm in the world, Wal-Mart Stores Inc, recalled the Miley Cyrus-brand of necklaces and bracelets after reports released by The Associated Press (AP), showing that the jewelry contain high level of toxic metal element called cadmium.
US Retailers Report Stronger Sales
The US Commerce Department has released a report showing the US retail sales have increased by 1.6 percent last month, higher than the previous forecast.
Small Businesses Less Optimistic About Recovery
A recent survey shows that majority of small businesses in the US were pessimistic about the economic recovery in March due to lack of export assistance from the government and low-interest credit rates.
Wholesalers Report Strong Sales
In February, the US wholesale industry has experienced an increase in sales and inventories, better than the earlier prediction of some economists and analysts.
Black Barbie Selling at Lesser Price than White Barbie at Wal-Mart
Black Barbie dolls were reportedly being sold less than half of the price of its White counterpart in selected Wal-Mart stores.
Wal-Mart to Buy Vudu, Eyes Online Movie Service
Wal-Mart Inc is expected to buy Vudu online movie on-demand service in the coming weeks as the world’s largest retail store chain eyes new business ventures in the World Wide Web.
Wal-Mart to Realign US Operations
Wal-Mart seeks to realign is US operations as the largest retail store chain in world pushes for a more regional market autonomy.
Wal-Mart to Slash Some 11, 500 Jobs at Sam’s Club
Wal-Mart, the biggest retail store chain in the world, announced over the weekend that it will slash some 11, 500 jobs at Sam’s Club after closing a deal with Shopper Events.
Wal-Mart Massachusetts to Pay Workers $40 Million
Wal-Mart Massachusetts has settled to pay its workers more than $40 million after being accused of denying employees rests and meal breaks.
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