Business News

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 […]

General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)

General Electric Agrees To Sell Appliance Unit For $5.4B (NYSE:GE)

General Electric has announced the planned sale of its appliance unit to Chinese manufacturer Haier for $5.4 billion in cash. The deal also includes the 48.4 percent stake that GE […]

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora To Pay Higher Rates To Artists Next Year (NYSE:P)

Pandora and other free Internet radio services will be required to pay record companies more for the next five years. In a decision closely watched by the music industry and […]

Tesla Going On A Hiring Spree

Tesla Going On A Hiring Spree

Tesla has announced that the company would be hiring thousands of new employees over the next few years. Many of these new hires will be based in California and employed […]

Netflix And Verizon Trade Barbs On Streaming Delays (NASDAQ:NFLX) (NYSE:VZ)

Netflix And Verizon Trade Barbs On Streaming Delays (NASDAQ:NFLX) (NYSE:VZ)

People streaming shows on Netflix may have noticed a message on the screen from the company blaming Verizon for slowing down their streaming speed. Journalist Yuri Victor, who noticed the […]

Northrop Wins Deal for $93 Million to Manufacture Drone

Northrop Wins Deal for $93 Million to Manufacture Drone

Northrop Grumman Corp won a contract of just over $93 million to manufacture a full-scale demonstrator of an unmanned spy drone, a flying wing that has large counter rotating propellers, […]

China Clamping Down on Apps for Instant Messaging

China Clamping Down on Apps for Instant Messaging

China has started a crackdown of one month on illegal content making the rounds on local services offering instant messaging. The most recent crackdown was announced on Tuesday and comes […]