Finance News

Wal-Mart Stores Inc (NYSE:WMT) Is Successfully Beating Back Germany Grocery, LIDL

Wal-Mart Stores Inc (NYSE:WMT) Is Successfully Beating Back Germany Grocery, LIDL

After entering the intense price war last month, Wal-Mart Stores Inc (NYSE:WMT) could be increasingly taking an advantage over its rival German Grocer Lidl. According to S.C. Jefferies analyst Daniel Binder, Lidl is losing the price advantage over Walmart Stores and ALDI after launching its first 20 US stores in […]

Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

Kazakhstan Assets Totaling $22 Billion Frozen by BNY Mellon

The Bank of New York Mellon froze $22 billion in assets that the Kazakhstan National Fund holds due to a lawsuit that was launched by Anatolie Stati a Moldovan businessman and his businesses against the government of Kazakhstan, said a source familiar with this case. The National Bank in turn […]

California Sued by Drug Companies Over Transparency Law

California Sued by Drug Companies Over Transparency Law

The pharmaceutical industry filed a lawsuit challenging the constitutionality of a new law that California Governor Jerry Brown signed and who many consider to be the most comprehensive legislation related to transparency in prices of prescription drugs in the country. The Pharmaceutical and Manufacturers of America, calling the two-month old […]

Bill Ackman Making Comeback With ADP in His Sights

Bill Ackman Making Comeback With ADP in His Sights

Bill Ackman the embattled activist investor has started his comeback, but it does not appear he picked a target that will be easy. Automatic Data Processing, the outsourcer that handles payroll checks for more than 26 million workers in the U.S., is resisting pressure from Pershing Square Capital Management, Ackman’s […]

Peace Helps Revive Colombian Coffee

Peace Helps Revive Colombian Coffee

Farmers who left the Colombian Andes during the civil war in the South American country are now returning to revive their abandoned farms, cultivating coffee that is boosting the supply globally of the high quality beans. The five-decade war in Colombia, the longest in all the Americas, displaced millions of […]

Pfizer Misses on Revenue After Fall in Demand for Prevnar

Pfizer Misses on Revenue After Fall in Demand for Prevnar

Pfizer Inc. posted quarterly revenue that missed estimates on Wall Street Tuesday, hurt from the drop in demand for Prevnar its blockbuster vaccine for pneumonia, along with other older drugs. Prevnar sales were down by 8.2% ending the quarter at $1.15 billion due in large part on the timing of […]

Assembly Of The Apple Inc. (NASDAQ:AAPL) IPhone SE In India Starts

Assembly Of The Apple Inc. (NASDAQ:AAPL) IPhone SE In India Starts

Apple Inc. (NASDAQ:AAPL) has begun assembling iPhones in India specifically the iPhone SE, its cheapest smartphone. This follows a trial run which was conducted earlier in a bid by Apple to enter the South Asian market which is growing faster than its other big markets such as China and the […]

Alibaba Group Holding Ltd (NYSE:BABA) And Amazon.Com, Inc. (NASDAQ:AMZN) Increasingly Turning To Physical Stores

Alibaba Group Holding Ltd (NYSE:BABA) And Amazon.Com, Inc. (NASDAQ:AMZN) Increasingly Turning To Physical Stores

Despite the end of brick and mortar stores having been predicted, Alibaba Group Holding Ltd (NYSE:BABA) and Amazon.com, Inc. (NASDAQ:AMZN), who were once pure-play ecommerce firms are now opening their own physical retail centers to become some sort of hybrid retailers. In the case of Amazon, what started out as […]

Alphabet Inc (NASDAQ:GOOG) Silences Messages It Dislikes, Former Reporter Asserts

Alphabet Inc (NASDAQ:GOOG) Silences Messages It Dislikes, Former Reporter Asserts

Earlier, a scholar called Barry Lynn had offered his support to an EU antitrust to fine against the search provider. In retaliation, the company resolved to eliminate the scholar from the New America think tank it funds. At the moment, a former Forbes writer has launched claims asserting that Google […]

Alphabet Inc (NASDAQ:GOOG) Collaborates With Xiaomi In A Bid To Capture A Huge Market Share

Alphabet Inc (NASDAQ:GOOG) Collaborates With Xiaomi In A Bid To Capture A Huge Market Share

This provider had over numerous instances attempted to lock down the enormous Indian smartphone market with its Android One smartphone program. Google was optimistic that the Android One would succeed at impressing a lot of users by helping them obtain cheap smartphones employing latest version of Android. This was indeed […]