A swing in temperatures, the sales of its pharmacy and clinic business, as well as the restricting of its groceries in its stores have resulted in Target missing analyst’s estimates. Target has reported a lower turnover than its forecasts and… Read More ›
At a time when high-roller VIP punters are backing off, Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world’s largest gambling hub. The operators in the southern Chinese territory have been prompted… Read More ›
FIH Mobile, a subsidiary of Foxconn, is buying the feature phone business from Microsoft for $350 million. According to the deal, Microsoft would hand over the rights to use the Nokia brand, feature phone software, services, and other contracts and… Read More ›
As per Kyodo News agency, Suzuki Motor Corp is suspecting to have cheated the public with the fuel economy of its vehicles. Japanese news media have reported that Suzuki Motor Corp has been suspected of using improper testing methods for… Read More ›
Major banks including UBS and BAM are bearish on the near-term while being optimistic in the long run. Diminished U.S. stocks and with wildfires looming threats on Canadian oil supplies, U.S. crude oil prices hit their 7 months high yesterday…. Read More ›
Although Tribune doesn’t seem to be particularly interested, increasing overheads and reduced finances could see the publishing houses come to the negotiating table. In its bid to acquire Tribune Publishing Co., Gannett Co Inc., which publishes USA Today, has raised… Read More ›
Apple’s decision to invest in India is a reflection is of the strategic importance that Apple attaches to it since by investing in the world’s third largest smartphone market, it can not only boost its market share in but also… Read More ›
With reports in Taiwan that the companies were recruiting staff in preparation for building the iPhone 7 series, Apple’s top Taiwanese suppliers have started mass-hirings. “Foxconn Zhengzhou is hiring a large number of ordinary workers. Welcome to join Foxconn: Age… Read More ›
A white elephant in the making, unlikely to attract tenants and possibly never even to be completed, the plan to build a financial district from scratch was viewed by Saudi Arabia’s neighbors as among the glossiest excesses of the kingdom’s… Read More ›
With this deal China is looking for a strategic hold on global food supplies. As per multiple sources familiar with the matter at hand, the U.S. Department of Agriculture is set to join the U.S. government panel that is in… Read More ›
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