Economy

Federal Reserve officials not sure about Right Time to Increase Interest Rates

Federal Reserve officials not sure about Right Time to Increase Interest Rates

Federal Reserve officials held minutes of the January 27-28 meeting and it indicated that policymakers don’t actually know when they should begin raising interest rates again or how they should inform about this to the investors.

Interest rates have been very low and some analysts said that they fear economic threats from abroad and the weak job market. However, according to the policymakers, they “observed that a premature increase in rates might damp the apparent solid recovery in real activity and labor market conditions”.

Location: 

Candy Crush Soda Saga boosts King Digital’s Q4 revenue and profit

Candy Crush Soda Saga boosts King Digital’s Q4 revenue and profit

The quarterly revenue and profit of King Digital Entertainment, mobile game maker beat market estimates thanks to introduction of Candy Crush Soda Saga in fourth quarter.

Location: 

Euro-Area Companies step up hiring as ECB embarks on 1.1 trillion-euro quantitative-easing program

Euro-Area

Euro-area companies have increased hiring as manufacturing and services activity from Germany to Spain accelerated faster than the estimations of economists.

Location: 

President Obama Proposes $4 Trillion Budget, 15% goes to Defense

President Obama Proposes $4 Trillion Budget, 15% goes to Defense

The Obama administration has proposed a $4 trillion budget on Monday. The budget has included $585 billion to maintain the security and the defense strategies of the nation. Defense constitutes about 15% of the overall budget with a request of $25 billion more as compared to the enacted defense budget of last year.

The slice of defense is 15% in the proposed budget keeping in mind the latest security challenges that the US is facing in the Middle East and Ukraine.

Person: 
News: 
Location: 

Apple CEO Tim Cook's salary more than doubled in 2014

Apple CEO Tim Cook

Technology major Apple increased the salary of CEO Tim Cook more than double after the company's stock increased to record valuation in 2014. The stock market performance and the robust Apple results have been attributed to the successful launch of its latest smartphone models.

According to a stock exchange filing, Cook received $9.22m in total compensation in fiscal year 2014, together with salary of $1.75m and $6.7m in non-equity incentive compensation.

Location: 
Person: 
News: 
Company: 

4,000 Jobs to be slashed by American Express

4,000 Jobs to be slashed by American Express

Soon after announcing its fourth quarter earnings, American Express stated that the improvement of operating efficiencies is a must for the financial services major. Considering this aspect the American Express has decided that the company will be cutting 4,000 jobs.

A company spokesperson revealed that in all American Express will be restricting a cost of $313 million. The first portion of this restructure will be the 4,000 job cuts at an unexpected time for the company.

Location: 

Zalando’s Shares rise 11%

Zalando’s Shares rise 11%

Multinational e-commerce company Zalando SE had earlier forecasted that it will end the year with some profits. Now, the company has traded above its initial public offering price for the first time since it made the stock market debut in the last month. The company has regained its initial public offering (IPO) price.

Shares of the Germany-based Zalando have risen about 11% to about 22.36 euros. The company's 14% of shares gain disappeared on the first day of trading. After that, they had been consistently trading below the 21.50-euro IPO price.

Company: 

Black Friday Fever hits market

Black Friday Fever hits market

It is known that every year on the Black Friday online circulars crowd on internet. Lots of sites every year release several tech deals under for this occasion.

DP World agrees to buy EZW

DP World agrees to buy EZW

Marine terminal operator DP World announced that it will buy Economic Zones World (EZW), an industrial and logistics Infrastructure Company in Dubai. According to reports, DP World has agreed to acquire EZW for $2.6 billion. Shareholders of the company have still to approve the EZW purchase.

Currently, both the companies are majority owned by Dubai World, an investment company that manages businesses and projects for the Dubai government.

Location: 

Urban Outfitters’ Shares fall 15%

Urban Outfitters’ Shares fall 15%

Shares of an American multinational clothing corporation, Urban Outfitters fell nearly 15% on Friday after investors received warning from the apparel retailer that third-quarter earnings would be hurt by declining sales.

The stock dropped to its lowest since July 2012, closing down $4.94, or 14.29%, to $29.62. The warning increased worries that teens will avoid the company's fashions at the time of the essential holiday season.

Pages

Popular Stories

Harley-Davidson to turn 8 Dyna motorbikes into new Softail bikes

Betting big on cruisers, the luxury motorcycle... Read More

Uber’s net loss declines as ride bookings grow

Uber Technologies reported lower loss by nearly 9... Read More

Samsung Galaxy Note 8 facing challenges on multiple fronts

The Samsung Galaxy Note 8 is facing an increasingly... Read More

Leaked reports reveal more about new BMW M5

Luxury carmaker BMW’s next-generation M5 car will... Read More

Tesla announces risky new approach to customer service

During the past few years, Tesla was slammed by a... Read More