Business News

German Grocer Aldi Announces U.S. Expansion Plans

German Grocer Aldi Announces U.S. Expansion Plans

German grocery chain Aldi stated that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022 in an announcement made on Sunday. The company is […]

Tech Companies Push to Solar and Wind, Hurting Coal

Tech Companies Push to Solar and Wind, Hurting Coal

Each time you purchase something through Amazon, or open a photo on cloud, stream a movie or work on a Google doc, you are likely pulling electricity that has been […]

Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Investors See Possible Recovery Signs

Harley-Davidson Inc. reaffirmed its shipments forecast for the full year and said it is expecting dealers to sell more of its motorcycles in markets overseas, offering hope to the struggling […]

IBM Explores Additional Business Options In China (NYSE:IBM)

IBM Explores Additional Business Options In China (NYSE:IBM)

IBM has announced its intentions to explore business opportunities in China outside of its core technologies. IBM is planning to provide systems to the country that will improve China’s data […]

Margaret Georgiadis Steps Down from Mattel CEO Post

Margaret Georgiadis Steps Down from Mattel CEO Post

Mattel Inc. said Thursday that Ynon Kreiz a member of the board and an executive in digital media would replace CEO Margaret Georgiadis, who is resigning after just 14 months […]

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

Xiaomi Misses Sales Target for 2018 But Sells 70 Million Smartphones

On Friday, Xiaomi the China-based smartphone maker announced that it had shipped more than 70 million smartphones during 2018. Although a very high number, it was short of the company’s […]

Sales and Profit at Oracle Miss Estimates

Sales and Profit at Oracle Miss Estimates

Sales and profit at Oracle Corp. ended short of estimates by analysts for its fiscal fourth quarter, as competitors such as Salesforce.com and other rivals in cloud computing lure away […]

Yum! Brands Sales in China Rose 1% During December

Yum! Brands Sales in China Rose 1% During December

Yum! Brands Inc, which operates KFC, Pizza Hut and Taco Bell, announced that December sales at same stores were up 1% across China, where a spinoff of operations will take […]