In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications…
Apple Inc. (AAPL) Won’t Be Selling iPhone 6 in China on the Global Launch Day
Even though iPhone 6 is assembled in mainland China, Apple Inc. (NASDAQ:AAPL) indicated that the highly anticipated device won’t be selling in China on the day of the global launch. Many theories have flooded the web. While some think that it’s about China punishing Apple Inc. (NASDAQ:AAPL), others believe that it Apple punishing China due…
Visa Inc (V), Mastercard Inc (MA) and American Express Company (AXP) Might Benefit From Apple Pay
The release of Apple Inc’s iPhone 6 variations on September 9th is expected to drastically change how people shop. This is because Apple Inc. released a new payment method called Apple Pay, which is expected to substantially reduce the use of plastic cards issued by Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), American Express Company (NYSE:AXP),…
Macy’s, Inc. (M), Best Buy Co Inc (BBY), and Time Warner Cable Inc (TWC) Ranked The Most Socially And Environmentally Responsible
Several retail firms have made their way into the FTSE4Good Index series of most socially and environmentally responsible entities. Macy’s, Inc. (NYSE:M), Best Buy Co Inc (NYSE:BBY), and Time Warner Cable Inc (NYSE:TWC) are among the leading companies. Macy’s, Inc. (NYSE:M) is a chain of departmental stores that sells an assortment of fashion products for…
Yum! Brands, Inc. (YUM) Expects 13% fall in its China Store Sales
Yum! Brands, Inc. (NYSE:YUM) has said that sales for the quarter ended August in its stores in China is expected to fall by 13% due to problems with a supplied. The fast-food chain giant clarified that the problems have had negative impact on the company’s Pizza Hut and KFC chains. The supplier, Shanghai Husi, which…
General Motors Company (GM),Toyota Motor Corp (TM), and Honda Motor Co Ltd (HMC) Saw Fall in Electrical Car Sales in August Against Market Predictions
Electric and Hybrid car manufacturers such as General Motors Company (NYSE:GM), Toyota Motor Corp (ADR) (NYSE:TM), and Honda Motor Co Ltd (ADR) (NYSE:HMC) plus many market analysts have been surprised by the reduction in car sales this year compared to last year. According to MarketWatch, the sales through August this year stands at 3.6% of…
CVS Caremark Corporation (CVS) Halts Tobacco Sale and Modifies Name
CVS Caremark Corporation (NYSE:CVS), one of the leading drugstores, had announced in February this year that it would stop cigarette sales in its stores October, but has pulled a surprise by directing a withdrawal a month before the scheduled date. The company is also said to be making a change to its name in a…
Google-Funded Calico Resources Corp (CKB) and AbbVie Inc (ABBV) to Jointly Launch a $1.5 Billion Aging Research Center
Calico Resources Corp (CVE:CKB), a company funded by Google Inc(NASDAQ:GOOG), and biopharmaceutical firm, AbbVie Inc (NYSE:ABBV), have announced a partnership to set up a research and development center. Cnet has said in an article that the two companies will be contributing the amount equally with the upfront being $250 million each. The balance will then…
Intel Corporation (INTC) Set to Release a New Fashion Wearable
Wearables have become big names in the technology industry with many big companies producing their versions. Intel Corporation (NASDAQ:INTC) has heeded the cue after performing lethargically when Smartphones took the market by storm. Now, to take advantage of the speedily rising wearables market, Intel Corporation (NASDAQ:INTC) is releasing a high end fashion women bracelet after…
The Home Depot, Inc. (HD) Investigating Customer Data Breach Claims
Home improvement retailer The Home Depot, Inc. (NYSE:HD) has issued an official statement saying that it’s currently carrying out an investigation into the alleged customer credit card data breach. This came after a KrebsonSecurity, a security website posted information saying that its preliminary investigations show that credit card sales on underground markets must have come…