Business

Fedex could miss some deliveries on Christmas Eve due to high volume

FedEx has informed that its team is working hard to deliver gifts and other items to Americans on Christmas Eve but due to surge in volume of orders, it may not be possible to deliver all the orders scheduled for Christmas delivery. FedEx has also offered the option to customers to pick up their... read more

FAA to receive $12 million in Penalty from Boeing

The US Government will receive a penalty of $12 million from Boeing, which has also agreed to modify its commercial aircraft production procedures. The penalty is in lieu of settlements of complaints regarding Boeing’s failure to meet safety and quality standards. The second-highest enforcement... read more

Tesla Motors to Receive $39 Million in Sales Tax Incentives

The electric car maker Tesla Motors owned by Elon Musk will be getting a sales tax incentive of $39 million, California State Treasurer John Chiang announced on Tuesday. Tesla in the previous year received over $89 million in incentives from the program for projects over the last six years.... read more

Oracle’s Total Revenue fell by 6.3% to $8.99 Billion

Oracle Corp., the American computer hardware company, said that its cloud business has gained momentum in its latest quarter, but strong dollar badly affected its profit.

According to data compiled by Bloomberg, revenue of the company fell around 6.3% to $8.99 billion from a year earlier... read more

Janet Yellen Guides Federal Reserve in Its First Rate Rise in a Decade

Janet Yellen, the famous American economist, is helping out the Federal Reserve to carry out first rate rise in a decade. Yellen is approaching traditional economic models for introducing the change.

The 69-year-old economist argued on the point that the time is very near when there will... read more

UAW-Ford Contract Finally Passes with Big Gains

United Auto Workers (UAW) talks finally wrapped up with Ford workers voted to approve a new agree late Friday. The deal ended with big gains. The process was so uncertain that no one was sure what’s going to happen until the last ballots were counted. The four-year agreement has been approved by... read more

Abercrombie & Fitch

Abercrombie & Fitch Co. has climbed the most in 3 years after third quarter revenue topped the estimates of analysts. Rebounding sales at its Hollister unit proved helpful in soaring. In a statement on Friday, the New Albany, Ohio-based company said that revenue in the quarter was $878.6... read more

Tesla beefing up its self-driving car software

Tesla Motors CEO Elon Musk seems to be too excited about self-driving cars. On Thursday, he announced that they are strengthening up its self-driving software. The announcement can be an indication that Tesla is working on to launch a self-driving mobility service similar to the one being held... read more

Square Prices Its Initial Public Offering at Level Lower Than Earlier Indicated

Mobile payment startup Square Inc priced its initial public offering (IPO) at a level lower than what it indicated earlier. As per some analysts, the company’s debut on the stock exchange will help known how public markets will evaluate high-profile private startups.

Online dating... read more

UAW Agrees To Extend Contract with General Motors

The United Auto Workers (UAW) has agreed to extend its contract with General Motors Co. (GM). UAW has extended its 2011 contract until November 20, according to a Friday letter to UAW-GM local union presidents and chairpersons.

This exceptional move has come a week after the release of... read more

Albertsons to Acquire 3 Stores from Haggen

Albertsons, the American grocery company based in Boise, Idaho, recently announced that it will acquire three stores in Arizona from Haggen if the outcome of the Washington-based grocer's assets gets approval from a US bankruptcy court.

The three stores that Albertsons will acquire are on... read more

Hulu LLC in talks with Time Warner Inc. to sell an ownership stake

According to reports, online streaming service Hulu LLC is apparently holding talks with Time Warner Inc. for the sale of an ownership stake in the service.

If the reported move materializes, Time Warner inc. will become the fourth investor in Hulu LLC, which is already co-owned by three... read more

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