Quarterly Revenue of Whole Foods Increase Six Percent; Sales slip
Submitted by Jitendra Tiwari on Fri, 11/06/2015 - 10:08
On Wednesday, John Mackey, co-CEO of Whole Foods Market, the American supermarket chain specializes in organic food said that it's time they explained their customers better about how they are different from the rivals in terms of quality rather than explaining the competitive pricing.
According to Mackey, many retailers are putting in an effort to copy Whole Foods but not offering the same quality.
Expectations are High for Vice Media
Submitted by Jitendra Tiwari on Tue, 11/03/2015 - 11:51
Jitendra Tiwari Vice Media, has generated a lot of buzz and pulled a lot of young audience with their edgy reporting on a wide variety of topics starting from hallucinogens to war zones.
The company has attracted not only audience for its channels but also investments and partnerships with media giants which include Time Warner Inc., 21st Century Fox and A+E Networks which is a joint venture of Walt Disney Co. and Hearst Corp.
Reportedly Directors of AIG Discussing Spinoff or Sale for Its Mortgage Business
Submitted by Jitendra Tiwari on Fri, 10/30/2015 - 09:35
Reportedly, the directors of American International Group Inc. are looking at the possibilities of either a spinoff or a sale of small mortgage-insurance business of the company. The conglomerate is facing increased pressure from the new shareholder to split itself.
AIG, one of the biggest insurance companies of the world has a market valuation of approximately $82 billion.
Increase in Costs Cuts Profits for Baidu
Submitted by Jitendra Tiwari on Fri, 10/30/2015 - 09:30
The increased revenue of Baidu was counter balanced with the drop in the Q3 profits due to mounting costs. Baidu Inc reported a dip in profit by twenty seven percent.
For the ongoing quarter, the forecasted revenue by the company was 18.20 billion to 18.75 billion yuan. That fell short of the analysts' prediction of 18.88 billion yuan.
Global Market Slowdown Hurts Durable-Goods Orders in the U.S
Submitted by Jitendra Tiwari on Wed, 10/28/2015 - 11:49
The global markets have faced turmoil in recent months with the dollar strengthening and the commodity prices growing weaker. The global growth has been slow and that's restraining U. S. factories. There has been a noticeable divide between the service and the manufacturing sectors in America due to the international turmoil.
Delta Air Lines Quitting Airlines for America with Effect from April 26, 2016
Submitted by Jitendra Tiwari on Wed, 10/28/2015 - 11:43
On Tuesday, Delta Air Lines said it will quit being a member of Airlines for America, U. S. carrier trade association group. The association represents the largest U. S. airlines.
The departure of Delta from Airlines for America will be effective from April 26, 2016.
