Samsung’s third-quarter operating profit likely fell as much as 62% from a year earlier. How much is this due to Apple? Piper Jaffray’s Gene Munster and Tanya Rivero discuss. Photo: Getty
Continue readingTag: business news
VIDEO: Swatch Prefers Go-it-alone Route For Smartwatch Plans
Swatch Group is happy to go it alone with a launch next year of watches with “smart” features to compete with so-called wearable gadgets from the big tech companies, a market potentially worth $93 billion. …
Continue readingVIDEO: Fed In ‘real Debate’ On Rate Hike In Early To Mid-2015: Lockhart
Atlanta Fed President Dennis Lohckhar said the Federal Reserve is focused on an initial interest rate hike between the first quarter and the middle of next year, with possible changes in its main policy statement …
Continue readingVIDEO: HSBC Is Sued In U.S. For $250 Million Over Alleged Role In ‘death Bonds’
HSBC was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. According to the complaint, …
Continue readingVIDEO: Exclusive: Lockheed, Suppliers Brainstorm How To Lower F-35 Operating Costs
Lockheed Martin met with 90 key suppliers last week to brainstorm ways to lower the long-term cost of operating and maintaining the F-35 fighter jets from the Pentagon’s current forecast of $1.02 trillion through 2065. …
Continue readingVIDEO: No Fed Fireworks, But Plenty Of Clues, Expected At Jackson Hole
Flashes of illumination rather than fireworks are expected at this week’s annual meeting of top central bankers and economists in Jackson Hole, Wyoming. Few predict anything so momentous as the speech by Federal Reserve chairman …
Continue readingVIDEO: Michael Kors Revenue Soars 43 Percent
Michael Kors reported another quarter of blistering sales growth as demand for its handbags and watches surged in North America. Shares of the company, founded by fashion designer Michael Kors, were up 3.4 percent premarket …
Continue readingVIDEO: Toyota Dreams Of Green Car Future, But Tied To Gas-guzzler Present
Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit performance is being powered largely by a gas-guzzling U.S. …
Continue readingVIDEO: Will LeBron James Lose Jersey Sales By Choosing No. 23?
By picking his old number, could LeBron James be missing out on big jersey sales? It doesn’t look that way so far.
Continue readingVIDEO: Boeing Plans Higher-capacity Version Of 737 Jet
Boeing plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with …
Continue reading