Biz/Tech
Nike Beats Profit Expectations Anew as Sales of Branded Basketball Sneakers Boost Performance
Leading footwear maker Nike Inc. topped profit expectations for the eighth straight quarter with the strong sales of top-of-the line branded shoes and increase in advance orders.
Latest News
South Korea to Boost Spending as MERS and Drought Batter Economy
The South Korean government plans to spend an additional $13.5 billion this year to protect its economy from the effects of a respiratory disease outbreak and drought.
Carl Icahn Exits Netflix After Stock Split
Billionaire Carl Icahn sold the remainder of his holdings of Neflix, Inc., again realizing a massive profit even despite having already sold a substantial stake in 2013 as the value of shares continued to surge due to the company's sustained business improvement.
Ahold, Delhaize Merger to Create Supermarket Giant
Europe is about to have a supersized supermarket chain with Royal Ahold NV and the Delhaize Group agreeing to merge operations to create a grocery giant worth $29 billion.
Boeing Appoints New CEO, Turn Over Becomes Official On July 1
Aerospace giant Boeing Co. will have a new CEO on July 1, with Jim McNerney making way for Dennis Muilenburg, one of his top lieutenants.
Australia Joins China-led AIIB, US And Japan Refuse Amid Pacific Disputes
Australia has pledged to join a China-initiated lender seen as a counterweight to rival the World Bank, putting in $718 million in the bank over five years to make it the sixth biggest shareholder.
Ikea to Raise Minimum Wage in the US Anew
Furniture retail giant Ikea will increase its hourly minimum wage in the U.S. by a tenth to $11.87 dollars after a similar move in 2014 improved employee retention and sales performance
UK Firm to Build Hoverbike for US Army
The US Army may soon have a vehicle straight from science-fiction movies after a British company Malloy Aeronautics and US defense contractor SURVICE to develop the hoverbike for the Department of Defense.
1 in 3 Americans Does Not Have an Emergency Fund
Despite increasing wages and going through the Great Recession, almost a third of Americans still have not prepared funds to tide them over in case of an emergency.
Former Fed Chair Bernanke Against $10 Redesign
Former US Federal Reserve Chairman Ben Bernanke said Alexander Hamilton deserves to keep the $10 dollar bill for himself given his role in helping establish the country and contributing to the economic legacy of the United States.
Most Read
