Don Gil Carreon
Latest News
Sales of Previously Owned US Houses Rebound in May
After an unexpected decline in April, sales of previously owned houses in the U.S. in May bounced back to its strongest growth since November 2009 as new home buyers became more confident in purchasing residential properties.
Facebook to Give Youtube Increased Competition for Online Video Ads
Facebook is giving Youtube more reasons to look over its shoulder as the social media network is increasingly becoming a viable outlet for online video ads that have been dominated by Google's video arm.
Twitter Beefs Up Shopping Features
Social media company Twitter is beefing up the shopping features of its platform with dedicated pages and curated pages from brands and personalities.
Apple Heeds Taylor Swift's Call for Payments to Artists During Trial Period of Streaming Service
Faced with the possibility of not having pop star Taylor Swift's hit album "1989" on its music streaming service, Apple Inc. reversed a policy of not paying artists whose music are used by subscribers during a trial period after the musician lashed out against it.
US Auto Safety Regulator Not Up to Task Says Government Report
The U.S.'s main safety watchdog was slammed in a government investigation for not having the capability to properly regulate automakers and check vehicle defects that have claimed numerous lives.
US Restaurants Forced to Raise Prices for Egg Dishes as Bird Flu Cuts Supply
U.S. restaurants continue to struggle from the impact of the avian flu that swept the country last year, as eggs have grown scarce and more expensive forcing some establishments to raise prices.
Anthem Offers to Buy Cigna as US Healthcare Insurance Industry Consolidates
Anthem Inc., the U.S. second largest health insurer, has offered to buy smaller rival Cigna Corp. for about $47 billion as industry players rush to consolidate to manage costs as applications rise due to the the Obama administration's landmark Patient Protection and Affordable Care Act.
Ebay Sells Stake in Craigslist, Ends Legal Disputes
Online marketplace Ebay Inc. sold its 28.4% stake in Craigslist back to the internet classified site and ended the litigation between the two.
Hershey to Cut 300 Jobs as Sales Weaken
American chocolate maker Hershey Co. announced on Friday that it will cut 300 jobs and profits will be lower than originally projected due to slowing sales in China.
Acquisition of Martha Stewart Living by Licensing Firm Set to Happen
Struggling to replicate its early success coming from the popularity of its founder and challenged by changing taste of audiences, multimedia and merchandising company Martha Stewart Living Omnimedia Inc. is reportedly close to being bought by a firm that licences popular brands.
Rising Gasoline Prices Pull up U.S. Inflation for Fourth Straight Month
Inflation in the U.S. rose for the fourth straight month in May largely driven by rising gasoline prices, but the slow increase might give the Federal Reserve more reason to continue keeping interest rates low.
Uber May Face Cost Pressures After Drivers Classified as Employees in California
The California Labor Commission ruled that a driver for ride sharing service provider Uber is an employee and not a contractor, a decision that could potentially bloat its costs and affect other crowdsource service providers.
McDonald's To Close More US Stores Than It Will Open, People's Preference For Healthier Food A Problem
For the first time in 40 years, American fastfood chain McDonald's Corp. will close more restaurants in the U.S. than it is opening as the company continues to struggle against increased competition, preference for healthier food and loaded menus that slow down service.
Airbus Edges Boeing in Paris Air Show
Airbus Group SE booked $57 billion in sales in the 2015 Paris Air Show to beat rival Boeing Co.'s $50.2 billion tally.
Softbank To Sell Humanoid Robots Soon, Only 1,000 Units Available Each Month
Japanese tech giant is set to offer a humanoid robot programmed to understand human emotions.