Sears Exploring Its Options for Diehard, Craftsman and Kenmore Brands

Sears Exploring Its Options for Diehard, Craftsman and Kenmore Brands

The unprofitable chain of department stores company Sears Holding, controlled by Edward Lampert the manager of a hedge fund, is planning to consider its options for its Diehard, Kenmore and Craftsman brands along with its repair business... 
Royal Dutch Shell Slashing 2,200 More Jobs

Royal Dutch Shell Slashing 2,200 More Jobs

Royal Dutch Shell will cut a minimum of 2,200 more jobs in different parts of its company around the world. The job cuts are due in a large part to the takeover by Shell of BG Group the gas and oil exploration company and the extended... 
Sony Annual Profit Hit by Damage from Earthquake

Sony Annual Profit Hit by Damage from Earthquake

On Tuesday, Sony Corporation based in Japan forecast earnings for this year that were weaker than had been expected after it had to partially halt production of its image sensors in April to make an assessment of the damage in its... 
VietJet Orders 100 New Boeing Planes for over $11.2 Billion

VietJet Orders 100 New Boeing Planes for over $11.2 Billion

VietJet, based in Vietnam, announced on Monday it had agreed to order 100 737 MAX 200 Boeing jets that were worth $11.2 billion at Boeing’s list prices. That makes it one of the fastest growing, Southeast Asia low cost carriers. The... 
Dick’s Sporting Goods Sees Profit Drop 10%

Dick’s Sporting Goods Sees Profit Drop 10%

Dick’s Sporting Goods posted strong growth in sales in its most recently ended quarter, but gave an assessment that was downbeat for the rest of the year as it is contending with closeout sales from its rivals. Sales at its existing... 
Gap Woes Continue, Old Navy Leaves Japan

Gap Woes Continue, Old Navy Leaves Japan

Shoppers in Japan will have to shop elsewhere. Gap Inc is shuttering every one of its 53 Old Navy stores in Japan before the end of 2016. The retailer is giving ground in the third largest economy in the world, to fashion brands from... 
Colombian Dispute with Novartis Could Cause Problem with U.S.

Colombian Dispute with Novartis Could Cause Problem with U.S.

Officials in Colombia have become concerned that their dispute with Novartis the Swiss drug maker over the price and patent of a groundbreaking new cancer treatment might escalate and could threaten funding from the United States for... 
Suzuki Admits to Improper Tests on Fuel Economy, Denies Cheating

Suzuki Admits to Improper Tests on Fuel Economy, Denies Cheating

On Wednesday, Suzuki Motors announced that it used methods, to determine fuel economy of 16 different vehicles that was improper. The vehicles were all for the Japan market. The admittance adds to a growing list of automakers, which... 
Profit Climbs at Vodafone, While Revenue Slips

Profit Climbs at Vodafone, While Revenue Slips

Vodafone Group’s £19 billion or $27.4 billion bet is beginning to finally pay off. Vodafone, the second largest worldwide mobile carrier trailing only China Mobile, posted on Tuesday its first organic growth for the full year in... 
Berkshire Hathaway Now Holds Position of $1 Billion in Apple

Berkshire Hathaway Now Holds Position of $1 Billion in Apple

Berkshire Hathaway, the company owned and operated by Warren Buffet the legendary investor took a position of $1 billion in Apple, during the first quarter of 2016. The move comes as shares of the technology giant were battered amidst... 
Trian Fund Management Sells Its Stake in PepsiCo

Trian Fund Management Sells Its Stake in PepsiCo

Nelson Peltz the activist investor who operated Trian Fund Management LP has sold Trian’s stake in PepsiCo three years after attempting an unsuccessful effort to break apart the snack and beverage behemoth. Peltz is the CEO at Trian... 
J.C. Penney Stock Tanks on Unexpected Drop in Sales

J.C. Penney Stock Tanks on Unexpected Drop in Sales

Even the receive comeback retailer J.C. Penney was not spared from being slammed this spring by shoppers. The chain of department stores was the most recent to report weak comparable sales for the first quarter, posting a drop of 0.4%,... 
Ralph Lauren Beats Expectations, Buyback of Stock Announced

Ralph Lauren Beats Expectations, Buyback of Stock Announced

On Thursday morning, Ralph Lauren Corporations posted a profit that dropped by 77% during its most recent quarter as sales and margins at the apparel company were hit by a move of clearing inventories in its business in the U.S. However,... 
Macy’s Sales for First Quarter Hurt on Weak Spending by Tourists

Macy’s Sales for First Quarter Hurt on Weak Spending by Tourists

Macy’s started this calendar year announcing the slashing of 4,500 jobs after a highly unusual weak holiday shopping season. Now it appears as if customers did not want to shop at the chain of department stores during the recently... 
Krispy Kreme to Be Taken Over by Coffee Giant

Krispy Kreme to Be Taken Over by Coffee Giant

Krispy Kreme shareholders were given a caffeine boost on Monday after JAB Beech the coffee giant announced it was acquiring the doughnut maker. The investment firm based in Luxembourg, which owns Peet’s Coffee & Tea, Caribou...