As part of its fourth-quarter earnings report, discount retail juggernaut Wal-Mart announced it would be giving a pay increase to about half-a-million workers at its retail outlets across the United States as well as at all Sam's Clubs. The wage hike will begin offering hourly … [Read more...]
Nestle Betting it All on Natural Flavors, Ditching Everything Artificial
Nestle confirmed this week that it will become the first major candy maker to get rid of all artificial colors and flavors from its line of chocolate products. The company's executives believes consumers will not be able to tell the difference. The move, which is scheduled to be … [Read more...]
U.S. Household Debt and Student Loan Delinquency Rates Rise
American consumers' appetite for debt is ferocious. A few years after the Great Recession, United States households still haven't made any significant reductions in their debt levels, and in fact they are only adding greater amounts of debt. Also, today's millennials are having a … [Read more...]
Words You Thought You’d Never Hear, ‘Flip Phone Comeback’
A decade ago, flip phones were all the rage, but fast forward to today and it seems as if what's old is new again, at least in the nation of Japan, where there is a sort of flip phone craze unfolding. Data released by market researcher MM Research Institute (via Reuters) highlights … [Read more...]
Tim Hortons Deal Is a Whopper Loss in Fourth Quarter
Restaurant Brands International lost a whopper in the fourth quarter on the closing costs relating to its Double-Double deal that would see Burger King and Tim Hortons merge. According to its fourth-quarter earnings, Restaurant Brands lost $154.2 million, or $2.52 per share. At the … [Read more...]
Vint Cerf Fears That Current Digital Data May Get Lost Forever
The vice president of Google Vint Cerf has warned that digital materials like photos, blogs, tweets, emails and other official documents including some major historical documents are at a risk of permanently being lost because there are chances that the programs required to view the … [Read more...]
Sitting Has Become the New Cancer According to Tim Cook
How often do you sit during your day? It's likely that you spend most of your day in a chair, both at work and at a home since the average American watches five hours of television per day. Apple CEO Tim Cook told a recent Goldman Sachs technology and Internet audience when … [Read more...]
Apple Increases App Data Size to 4GB Enabling Better Apps
Apple has recently announced an increase in the size limit for app submissions on App Store from 2GB to 4GB. Since 2008 Apple Inc. (NASDAQ:AAPL) had been accepting submission with a size limit of 2 GB, which was not favored by app developers as they did not have the capacity to create … [Read more...]
Twitter Thinks ‘Niche’ Will Help Them Boost Ad Revenue
Twitter is making a splash in video content. Last month, Twitter announced that it would be establishing a native video player meant to take on the likes of YouTube, Facebook and Vimeo. As part of the new rollout, the microblogging network permits verified Twitter users to upload … [Read more...]
New York Building Inspectors Turn a Blind Eye to Safety Violations
New York City is suffering once again from a serious case of corruption among its public departments and officials. It was reported by the New York Post that the city has launched one of the biggest corruption crackdown cases in years after it was discovered that a dozen or so … [Read more...]
Facebook Creates Legacy Contact for Your Death
So...you're going to die eventually, but you better first select an heir apparent for your Facebook profile. Even thinking about one's demise may be quite morose, but it's a necessary fact of life. Although most legal experts will concur that every person should create a will, … [Read more...]
Bank of England Hints (Again) at 2016 Interest Rate Hike
Will the Bank of England (BOE) finally raise interest rates after years of hints? Perhaps, but it won't be this year. The central bank's quarterly Inflation Report released Thursday signalled that a rate hike won't occur this year and the decision will yet again be pushed back to … [Read more...]
New York’s ‘Secret’ Real Estate Market and the Investors Behind It
An influx of wealthy foreigners are propping up New York's lucrative real estate market in order to shield their money from their governments and take advantage of the lax laws in the United States, says a new 8,000-word report authored by the New York Times. The investigation … [Read more...]
Apple Inc. Hits $700 Billion, How Long Will Investors be Satisfied
Apple became the very United States company to close a trading session with a market capitalization of more than $700 billion. During the Tuesday trading session, Apple's shares rose 1.9 percent to $122.02, which gave the iPhone maker a market value of $710.7 billion, and it keeps … [Read more...]
Massive Amount of Debt Leaves Canada Exposed for Economic Crisis
Canada is known for many things: a polite general public, a high standard of living and corrupt government officials. However, there is another attribute to add to the image of the Great White North: a world leader when it comes to debt. A new report published by the McKinsey … [Read more...]
Google Siphons More Traffic from Websites, This Time the Medical Niche
Medical facts will easily be pulled directly from Google Inc.'s (NASDAQ:GOOG) search results now. Google, staying true to its nature, is adding more and more information to its search engine and this time it’s all medical related. The internet giant is set to add medical … [Read more...]
Federal Reserve President Proposes Series of Bank Reforms
Richard Fisher, who is one of the most well-known members of the Federal Reserve, will be stepping down next month as president of the Dallas Fed after 10 years. He delivered his final speech to a New York audience Tuesday in which he called for a series of reforms for the century-old … [Read more...]
Next Iteration of iPhone Will Have Advanced Touch Sensor
Excitement for iPhone 6 and 6 Plus has not died down yet because with this smartphone Apple first broke its sales records and then posted the best ever quarter results by any public corporation. The company is still milking its latest iPhone and rumors and talks about the next one … [Read more...]
Samsung Says ‘Our Smart TVs are Not Monitoring Conversations’
Earlier this week, social media was abuzz after an influx of reports suggested that Samsung's Smart TVs secretly listen to living room chatter and record those conversations in order to place it inside a centralized data storage. This wasn't a conspiracy either because Samsung … [Read more...]
Corporate News: U.S. Coca-Cola Sales Up, Canon to Buy Sweden’s Axis
Coca-Cola beat Wall Street estimates, Canon is going to buy Sweden's Axis and Molson and MillerCoors saw weaker holiday sales this year. These are the headlines dominating Tuesday's business news. Coca-Cola not fizzling out It seems Coca-Cola isn't dead yet in North America as … [Read more...]
