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Online Food Delivery Service To Be Launched In India Soon By Amazon: Sources

Amazon.com Inc is contemplating getting into the online food delivery business in India by this year, claimed reports citing information from sources who has knowledge of the developments. The foray of Amazon into the online food delivery business in India would mean an increase in competition in a...

No Relief For Apple For Its Mac Pro Parts Made In China: Trump

The its new Mac Pro from Apple is being manufactured in China and not in the United States and this apparently is the reason that has prompted US president Donald Trump to rule against the American tech giant with respect to exemption from trade tariffs.   Trump tweeted on Friday that no...

New Offers And Store Revamp Helps Mcdonald’s To Beat Revenue Forecast

A string of innovations implemented at stores of McDonald’s Corp such as upgraded stores and new promotions, such as the 2 for $5 Mix and Match deal, helped the company to attract more customers during the second quarter which in turn helped the largest burger chain of the world to beat quarterly...

Twitter Beats Q2 Revenue And EPS Estimates And Tout Its New Customer Metric

Twitter beat analysts’ estimates on revenues in the second quarter which came in at $841 million on the over all, marketing a year on year growth of 18 per cent. The company reported EPS and net income at $1.43 and $1.1 billion respectively, which the company attributed to a “significant income tax...

Alphabet Makes Strong Rebound, Shares Rise Over Easing Of Investor Concerns

The quarterly performance of Google parent Alphabet apparently eased concerns among investors about the increasing challenges for Google’s advertising business which saw the shares of the United States based tech giant rise by 8 per cent.   The second-quarter revenue and earnings of the...

Amazon's Profits Hit By Investments In One-Day Delivery With 21% Cost Rise

Amazon.com Inc issued a profit warning for the current quarter while reporting a first in two years miss of profits for the most recently ended June quarter. The company cited its rapid and aggressive investment in its one-day delivery policy to increase sale growth to be one of the factors for the...

12,500 Jobs To Be Cut By Nissan, Quarterly Profits Drop By 95%

The second largest auto maker of Japan Nissan Motor Corp announced axing of about 12.500 jobs as well as plans for reduction of the number of model by at least 10 per cent in its efforts to stage a turnaround of fortunes. True to reports earlier, the company reported a drop in its quarterly profits...

Tesla Made Record Deliveries In Q2 Of 2019 But Still Made A Loss

A recent filing with the United States the Securities and Exchange Commission by the US electric car maker Tesla has shown that the company lost $408 million in the second quarter of 2019 despite it being able to deliver a record number of cars in the history of the company.   While being...

Beyond Meat’s Sausage Added To The Menu Of Dunkin’

The importance of alternative plant based meat is increasing. While the astronomical growth in the price of its initial public offering (IPO) of the United States based alternate meat company Beyond Meat, that increased by as much as 500 per cent in a few days, was an early indication of the...

Deutsche Bank Reports $3.5 Billion Loss As It Implements Turnout Strategy

Deutsche Bank, currently implementing a strategy to stage on a turnaround missed analysts forecast for loss for the last quarter with a reported loss of 3.15 billion euros ($3.5 billion). The quarterly performance also highlights the challenges that the lender faces in the path to the turnaround....

Fire Risk Forces Volvo To Recall Over 500,000 Cars Worldwide

Global auto maker Volvo is set to recall more than 500,000 of its vehicles throughout the world due to a risk of firer in the engines of the vehicles. The recall will include about 70,000 vehicles in the United Kingdom alone.   Explaining the fault that has compelled the auto maker to recall...

Highest Q2 Profits By UBS In Nine Years, But Warns Against ‘Rate Cuts’

The Swiss-lender UBS reported the highest net profit in the second quarter since 2010 at $1.4 billion. That was much higher that the net profit of 1.28 billion Swiss francs ($1.29 billion) that the company reported in the same period a year ago. This increase in net profits was clocked by the bank...
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