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Penn West Rises After Announcing Financial Results

September 19, 2014 - by - Leave a Comment

Canadian energy company, Penn West Petroleum Ltd, which had misclassified its expenses, rose the highest in past five years after it completed an accounting review while its dividend and output …

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Business News

Lennar Profit Beats Expectations Amid Increase in Sales and Prices

September 18, 2014 - by - Leave a Comment

Lennar Corp, United States’ second largest homebuilder, reported a profit that beat analysts’ expectation of 47% increase as it increased home sales at higher prices. In premarket trading, its shares …

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Business News

Sears Borrows $400 Million from Edward Lampert’s Hedge Fund

September 16, 2014 - by - Leave a Comment

Sears holding Corp. is seeking to borrow $400 million from CEO, Edward Lampert’s hedge fund, which will give the retailer an infusion for holidays after burning through its cash during …

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Microsoft to Purchase Minecraft Maker Mojang in $2.5 Billion

September 15, 2014 - by - Leave a Comment

Microsoft Corp agreed to purchase Mojang AB, software company, maker of Minecraft, a popular game, for $2.5 billion in a move to boost its mobile and Xbox businesses. The largest …

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Business News

Investor: Olive Garden Giving Out Many Breadsticks

September 14, 2014 - by - Leave a Comment

An Olive Garden investor is disputing how the restaurant chain operates by saying that it is hurting itself by giving out too many breadsticks. In an almost 300-page critique, Starboard …

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Business News

RadioShack Seeking Additional Capital After Losses

September 12, 2014 - by - Leave a Comment

RadioShack Corp announced it is seeking new capital and restructuring debt as the debt of the electronics retailer grows and its turn around attempts continue to fail. Shares rose slightly …

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Business News

US Retail Sales Increase as Consumers Spend More

September 12, 2014 - by - Leave a Comment

  US sales increased in August, the fastest since April, boosting the prospects for economic growth in this quarter. USA Today reported that retail sales were up 0.6 in August. …

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Business News

Dollar General Takes Offer to Family Dollar Shareholders

September 10, 2014 - by - Leave a Comment

  Dollar General Corp took its offer of $9.1 billion to Family Dollar Stores Inc shareholders after the company rejected its offer twice. This hostile move by Dollar General seeks …

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Business News

Home Depot Breach Might Be the Biggest Yet

September 9, 2014 - by - Leave a Comment

On Monday, Home Depot confirmed that hackers broke into its payment systems in what might be the biggest breach of computer network of a retail company. The retailer said that …

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Business News

McDonald’s August Sales Fall Drastically Globally

September 9, 2014 - by - Leave a Comment

McDonald’s Corp reported drops in sales in restaurants globally in August, the firth of such monthly slumps since Don Thompson, CEO took over in 2012 July. In premarket trading, the …

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