Business

Wal-Mart U.S. CEO Bill Simon Steps Down

Ren Benavidez   | Jul 25, 2014 08:25 AM EDT

Wal-Mart CEO Bill Simon will step down from his possition effective Aug. 9, according to the company's announcement. read more

China Meat Plant Wins Case Against Food Safety Laws Violation

Ren Benavidez   | Jul 25, 2014 03:26 AM EDT

OSI Group LLC’s Shanghai Husi Food won a case filed by an employee in 2013 whose claims included that the company violated food safety laws, among others. read more

Amazon Foresees Half-Billion Dollar Loss In Next Three Months

Nikki Alfonso   | Jul 25, 2014 05:00 AM EDT

Amazon reported a loss of US$126 million during the second quarter of the year, more than double than what the company projected it would lose. read more

Facebook’s Mark Zuckerberg Now Richer Than Google Guys

Ren Benavidez   | Jul 25, 2014 04:01 AM EDT

Facebook Inc. chairman Mark Zuckerberg has added US$1.6 billion to his net worth, making him richer than Google Inc. founders Larry Page and Sergey Brin. read more

Starbucks U.S. Hits Higher Sales After Food Menu Upgrade

Kizha Trovillas   | Jul 25, 2014 05:42 AM EDT

Starbucks Corp announced higher quarterly sales after introducing new menu items in their U.S. cafes. read more

Facebook Beats Wall Street Projections, Stock Hits New Records

Patricia Villaceran   | Jul 25, 2014 07:56 AM EDT

Facebook has reached a 61 percent increase in revenue for the fiscal second quarter, beating the projections and financial targets set by Wall Street. read more

China Surpasses U.S. As Top World Online Retail Market

dweisman   | Jul 25, 2014 09:20 AM EDT

Chinese online retail sales have been booming and now represent a leading driver of the Chinese economy read more

Apple Boasts Two Consecutive Profit Gains as iPhone, Mac Sales Jump

Patricia Villaceran   | Jul 24, 2014 11:36 AM EDT

Apple Inc., the innovation tech giant, has released their quarterly report that showed 12 percent jump or equivalent to US$7.75 billion in profit, just from iPhone and Mac sales. read more

Facebook Outperforms Predictions, Sales Soar due to Mobile Ads

Bernadette Carreon   | Jul 24, 2014 08:22 AM EDT

Strong mobile ads fueled second quarter revenues from social media giant Facebook. read more

Yum Severs Ties with China Meat Plant

Ren Benavidez   | Jul 24, 2014 07:28 AM EDT

Yum Brands Inc., in China cut its ties with OSI Group LLC following a food safety scandal in the meat plant. read more

Pinterest Hires Sexist Ex-Unilever Executive to Attract More Men

Nikki Alfonso   | Jul 24, 2014 11:39 AM EDT

Pinterest, ranked the most loved social networking site by the American Customer Satisfaction Index, just hired the man behind Axe's notoriously sexist ads. The move to hire David Rubin, a former executive of Unilever, was instigated by the management of Pinterest in an effort to attract more male users to the site. read more

Struggling American Apparel Hire New Directors

Ren Benavidez   | Jul 24, 2014 08:07 AM EDT

American Apparel has hired new board directors to help the company get back on its feet following a $270 million loss. read more

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