Amazon and Barnes & Noble both just announced they are cutting prices on their E-reader tablets in an effort to boost sales. Although Amazon's Kindle sales were outdone by Nook sales on Black Friday, Amazon is still selling Kindles at a rapid pace. With eBooks selling faster than … [Read more...]
McDonald’s Makes a Comeback with Impressive November Sales
McDonald’s Corporation (NYSE: MDO) announced Dec. 10 its global sales in restaurants opened at least 13 months rose 2.4 percent in November. The same figure in the U.S., however, increased by 2.5 percent, compared to just 1.4 percent in Europe. … [Read more...]
Starbucks Will ‘Voluntarily’ Pay More UK Tax in Spite of Legal Loopholes
After UK Lawmakers accused it of immorally avoiding tax Dec. 3, Starbucks (SBUX) announced Dec. 6 it would voluntarily pay 20-million pounds in UK corporation tax over the next two years. “Having listened to customers and to the British public, Starbucks in the UK will be making … [Read more...]
Groupon Rumored to be Google’s Latest Acquisition Target
Groupon's (NASDAQ: GRPN) stock price shot up over 20% Friday amid rumors that Google might be courting the company as an acquisition candidate. Forbes discounted the rumor as a stupid rumor of the week, calling it, "A rumor so silly that no right-minded person would think it … [Read more...]
Starbucks (SBUX) Steel Cards Selling for Insane Prices
On Friday, Starbucks released 5,000 limited edition cards made of steel on the luxury goods site, Gilt.com. In the end, the card costs $450 with $400 of the balance able to be used for credit towards Starbucks (NASDAQ: SBUX) purchases. Shockingly enough, the site sold out of the … [Read more...]
Stocks that Made Headlines on Friday: GRPN, AVP, SWHC, AAPL & NFLX
During Friday’s trading session, we saw several new developments. Apple (NASDAQ: AAPL) was down over 2.6% on fears that a Judge could cut into Apple’s $1 billion award from Samsung. Additionally, shares traded near the dreaded “death cross” which occurs when a stock’s 50 day moving … [Read more...]
