Stock was surging for CBS Outdoor on Friday on its debut on the NYSE. Shares of the advertising company a subsidiary of CBS were up by $2.02 or over 7.2% in trading in the morning to $30.02 after they peaked earlier Friday morning at $30.47. The initial public offering for CBS Outdoor Americas included 20 […]
Chipmaker Intel has added Basis Band to its growing number of wearable technologies. Intel acquired Basic Science a high-end health tracker in just one more sign that wearable devices are becoming mainstream. The startup, based in San Francisco produces the Basis band, which is billed as a wristband that is advanced in health tracking. Intel […]
On Monday, shares across Europe fell after new data indicated that manufacturing in China contracted during the first quarter increasing the worries over growth globally. Concern grabbed the nerves of investors as President Barack Obama from the U.S. started talks with allies in Europe over their Crimea crisis response. The euro was up against the […]
Russian oligarchs, corporations and banks have been borrowing heavily from banks in the West, which underscores risks on both sides in the growing crisis in Ukraine. According to the central bank in Russia, the total amount of foreign debt was $732 billion on December 31, 2013, which was up nearly $200 billion over the past […]
General Motors continued to have pressure mount late Thursday as federal crash information was reviewed that found 303 drivers as well as passengers in the front seat died during vehicle accidents in which the vehicle’s air bags did not inflate in two vehicle models the U.S. automaker recall in February. The review was conducted by […]
General Motors was facing additional pressure this week over the way it handled a defect that was deadly in certain compact vehicles. Word leaked out that a criminal investigation and two committees in Congress were opening probes into the matter. The Department of Justice is currently investigating whether any laws were broken by GM when […]
On Friday, Citigroup Inc announced it had discovered in a subsidiary in Mexico a number of fraudulent loans and that employees there might have been involved with the crime. By writing down each of the loans, it will lower the 2013 bank net income by nearly $235 million, which brings the reported total net income […]
Best Buy Co reported a quarterly profit that was better than expected on Thursday due to lower expenses. The company said it was ahead in its plans of cutting costs, which helped to send shares of the company up more than 6% in trading before the bell on Thursday. The fourth quarter profit, during one […]
Samsung is hoping consumers shape up this year. The South Korea based company unveiled on Monday its newest generation Galaxy S5 smartphone. The phone will be available in April. The electronics giant also unveiled a pair of watches that were fitness themed. Barcelona’s Mobile World Congress is now in full swing and several major announcements […]
Workers at a Tennessee Volkswagen factory voted on Friday against union representation resulting in a devastating loss for the United Auto Workers’ efforts to make new inroads in the southern part of the U.S. The vote was 712 to 626 on Friday and for many labor experts and supporters of the union, was surprising as […]