A surprising drop was seen in Apple’s shares as the company fell by 7% during after-hours trading. This came unexpected by many because the company has performed quite well in the market. Expectations were high for Apple as its profits were predicted to go beyond $4.3bn for the last quarter. After closing time in the […]
On December 31 of this year, income tax rates are set to be increased by a considerable amount. This move left Congress debating on the next step forward. Economists, on the other hand, want to keep tax levels untouched. With barely 3 months to go, arguments are presented on how to better deal with the […]
The status of Europe’s banks is starting to become one of the main concerns for New York investors. Even as the market resumed from a holiday weekend, things still remained gloomy and unchanged due to the European banking status. Wall Street Journal reported on Tuesday that Europe’s stress test which was meant to measure Europe’s […]
The gold market was as quiet as ever as investors waited on the progress of U.S housing sales and GDP data this week. The metal was regarded as a trusted fallback for the falling dollar which made its performance in the market largely dependent on the state of the US currency. Signs of stalling for […]
Warren Buffet Berkshire Hathway Inc. reported on Friday yet another depressing record low for this year’s second quarter as the company’s profit fell by 40%. The derivative contracts fell as declining prices went down. Their operating profit on the other hand increased by 73% after the railway giant Burlington Northern Santa Fe Group took over […]
NEW YORK – Crude oil is on the slight rise again as it closed at $74 dollars today as the stock market rallied. Drivers still got a break at the pump though as AAA reports gas prices dropped by 0.3 cents to $2.72. Today’s fall out dropped the price of gas by 3.4 cents compared […]
DALLAS – Blockbuster Inc. A leading provider of media entertainment, today announced that it has entered into a Forbearance Agreement with certain of its senior secured noteholders that provides the Company with additional time and flexibility as it continues to engage in productive discussions with certain of these noteholders and strategic parties regarding various recapitalization […]
iGoDigital, the market and technology leader in Personalized Product Recommendations, announced that Staples has replaced its cart-level product recommendations system with iGoDigital. The Internet’s largest office superstore, ranked #2 on the Internet Retailer 500 with more than $9.8 billion in annual sales, selected iGoDigital based on its proven record of success with 6 of the […]
CHICAGO, — The following is a statement by Associate State Director Scott Musser of AARP Illinois: Today, utility giant ComEd submitted a formal rate increase request to the Illinois Commerce Commission (ICC) – seeking an additional $396 million for what ComEd is calling “modernization efforts.” The reality is that this rate increase will fall on […]
All-new Ford Explorer jumps ahead on the safety curve Every driver knows the feeling. You enter a curve too quickly, and suddenly the sense of being out of control takes you to the edge. To address this, Ford is introducing its new Curve Control technology – designed to help drivers maintain control of their vehicles […]