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Twitter Showing Signs of Renewed Life as Sales and User Growth Increase

Twitter Showing Signs of Renewed Life as Sales and User Growth Increase

Twitter Inc. posted sales that beat estimates and added more new monthly users indicating the social network could be in a revival mode after struggling for so long trying to attract new users and advertisers. Shares of the social... 
Caterpillar Posts Sales That Beat Expectations

Caterpillar Posts Sales That Beat Expectations

Caterpillar Inc. continues to increase expectations for its sales and earnings and the maker of machinery keeps surpassing them. The company, based in Deerfield, Illinois, projected sales for 2017 of $44 billion, marking the third... 
Hurricanes Created Problems for Quarterly Earnings

Hurricanes Created Problems for Quarterly Earnings

After causing death and destruction over the southern part of the U.S. and on the Caribbean island of Puerto Rico, hurricanes Harvey, Irma and Maria are dampening corporate quarterly profits in the U.S. While the powerful storms during... 
Nestle Sales Growth Remains Lukewarm, Restructuring Increases

Nestle Sales Growth Remains Lukewarm, Restructuring Increases

Nestle, the food giant based in Switzerland is expecting its growth in organic sales to remain somewhat muted during the final quarter of 2017 and is increasing its speed in its restructuring plan as it looks to improve its profit... 
Airbus Takes Over Jet from Bombardier That Boeing Wanted Killed

Airbus Takes Over Jet from Bombardier That Boeing Wanted Killed

On Monday, Airbus announced that it would take control of the embattled C-Series aircraft program from rival Bombardier, building a strong transatlantic alliance in a bitter feud with Boeing. Bombardier’s C Series has come under... 
Lufthansa Signing Deal for Air Berlin

Lufthansa Signing Deal for Air Berlin

Lufthansa will sign an agreement Thursday to buy a large part of smaller, insolvent German air carrier rival Air Berlin, said Lufthansa CEO Carsten Spohr. The CEO said that a milestone in Lufthansa’s history will be seen in Berlin... 
Trump’s Businesses Taking it on the Chin in Scotland

Trump’s Businesses Taking it on the Chin in Scotland

President Donald Trump’s businesses located in Scotland are losing large sums of money. Trump has a pair of golf resorts there, with one at Turnberry and one close to Aberdeen. The combined losses for the two almost doubled in 2016... 
Costco Begins Same-Day Delivery Service for Groceries

Costco Begins Same-Day Delivery Service for Groceries

Costco Wholesale Corp, the huge warehouse chain that is known for its large store format, stations with food samples, and inexpensive pizza and hot dogs, has started a same-day delivery service for groceries using Instacart in hopes... 
Uzbekistan Airways Select GE Engines For Its New Dreamliners

Uzbekistan Airways Select GE Engines For Its New Dreamliners

General Electric has bagged a contract worth $230 million to supply jet engines to an airline that has ordered 787 Dreamliners from Boeing. The airline, Uzbekistan Airways, has picked GEnx-1B engines for the four Boeing 787-8 aircraft... 
ABB To Acquire GE’s Industrial Solutions Unit

ABB To Acquire GE’s Industrial Solutions Unit

Swiss engineering firm ABB has announced that it is acquiring the industrial solutions business unit of General Electric at a price of $2.6 billion. Under the deal ABB will continue to use GE’s brand. ABB is betting that it can increase... 
Nestle Acquires Sweet Earth to Expand Plant-Based Offerings In Trendy Market

Nestle Acquires Sweet Earth to Expand Plant-Based Offerings In Trendy Market

Even if you are not into the trend or have no interest in changing your diet, you cannot deny how quickly the plant-based food sector has grown over the past few years.  As a matter of fact, this trend has been touted as the fastest... 
Russia And Exxon Mobil To Settle Tax Dispute Out-Of-Court

Russia And Exxon Mobil To Settle Tax Dispute Out-Of-Court

Reports indicate that Exxon Mobil and the government of Russia have reached an agreement to settle a Sakhalin-1 legal dispute out of court. The dispute involves a tax claim totalling over $600 million on the Sakhalin gas and oil project. “An... 
John Chambers To Retire As Chairman Of Cisco

John Chambers To Retire As Chairman Of Cisco

Cisco has announced that John Chambers, who has been the executive chairman of the networking gear firm for over two decades, will not be standing for re-election later in the year. The company’s chief executive officer, Chuck Robbins,... 
AT&T Introduces New AT&T NetBond Feature

AT&T Introduces New AT&T NetBond Feature

AT&T is leveraging its cloud networking solution known as AT&T NetBond with a view to smoothening connections among multiple cloud platforms in order to provide improved cloud services. The solution is expected to allow business... 
100,000 Workers To Be Hired This Year By Target During The Holidays

100,000 Workers To Be Hired This Year By Target During The Holidays

Target has announced that during this year’s holiday shopping season it will hire seasonal workers numbering around 100,000. This is an increase of 40% compared to the number of seasonal workers the retailer hired in 2016. Last year...