logo-cropped

Starbucks Extracts More Money With Pricier Drinks, Food

Thursday, 23 April 2015 18:47 Written by
Starbucks said its profit jumped 16 percent in its fiscal second quarter as its U.S. cafes attracted more visits and sold more food offerings like breakfast sandwiches. The coffee chain said sales rose 7 percent at established locations globally, including in its flagship U.S. market. Scott Maw, chief financial officer for Starbucks, said the increase in the U.S. was driven primarily by higher average spending per visit. That was the result of the Seattle-based
Ford to Lay off 700 Workers Due to Slow Car Sales
Thursday, 23 April 2015 17:19 Written by
Ford is laying off 700 workers at a Michigan assembly plant because of slow sales of the small cars and hybrids it makes. The plant, in the Detroit suburb of Wayne, will move from three shifts to two starting June 22. Ford says 675 assembly line workers and 25 salaried workers are affected. Some workers will immediately transfer to other plants to cover summer vacations. Ford expects most will find jobs at other Michigan
Domino's and Dunkin' Brands Are Big Market Movers
Thursday, 23 April 2015 16:52 Written by
Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Domino's Pizza Inc., up $9.43 to $109.23 The pizza delivery company reported a higher quarterly profit as a jump in pizza orders drove up sales in the U.S. PulteGroup Inc, down $1.72 to $19.97 The homebuilder reported disappointing first-quarter results that came as the government reported sales of new homes slumped in March.
Justice Department Sues Quicken Over Mortgage Underwriting
Thursday, 23 April 2015 16:33 Written by
The Justice Department is suing Quicken Loans, saying the lender approved hundreds of mortgage loans that didn't meet federal standards, leaving the government stuck with the bill when borrowers defaulted. The U.S. Department of Justice said Thursday that between September 2007 and December 2011, Quicken approved, underwrote, and certified the insurance of hundreds of mortgages that didn't meet federal guidelines. It said Quicken encouraged its employees to disregard Federal Housing Administration rules and say
Amazon's Web Services Boosts 1Q Revenue
Thursday, 23 April 2015 16:20 Written by
Strong demand for cloud computing services helped Amazon's revenue jump 15 percent in the first quarter. The company also reported a smaller quarterly loss than expected and its shares rose 7 percent in aftermarket trading. Investors have been growing restless with Amazon's long-term strategy of plowing most of the money it makes into new areas like cloud computing, streaming video and hardware — leading to razor-thin profits or, in this quarter's case, a loss.
Nasdaq Sets Record High, 15 Years After Dot-Com Bubble
Thursday, 23 April 2015 16:20 Written by
Stocks moved lower in early trading Thursday, sapped by gloomy manufacturing data from Europe, China and Japan. General Motors, Proctor & Gamble and others fell after reporting results that were negatively impacted by a strong U.S. dollar. KEEPING SCORE: The Dow Jones industrial average fell 15 points, or 0.1 percent, to 18,022 as of 10:45 a.m. Eastern. The Standard & Poor's 500 index fell one point, or 0.1 percent, to 2,106 and the
By the Numbers: The Nasdaq Composite's Record High Close
Thursday, 23 April 2015 16:05 Written by
The Nasdaq composite index closed at a record high Thursday for the first time since March 2000. Adjusting for inflation, the index is still below the peak it reached during the height of the dot-com bubble. Here are some facts and figures to help explain how the Nasdaq got from there to here. Record high close reached Thursday: 5,056 points. Previous closing high reached March 10, 2000: 5,048 points. Previous record high figure, adjusted
Milestones for the Nasdaq Composite
Thursday, 23 April 2015 15:58 Written by
Key milestones in the history of the Nasdaq composite index: — Feb. 8, 1971: Nasdaq index is created and set at 100 by the National Association of Securities Dealers, an industry self-regulatory group. — July 17, 1995: Closes above 1,000 for the first time. — Nov. 3, 1999: Closes above 3,000 for the first time. — March 9, 2000: Closes above 5,000 for the first time. — March 10, 2000: Closes at a record
Starbucks' 2Q Profit Jumps; Food Sales Boost US Results
Thursday, 23 April 2015 15:54 Written by
Starbucks said its profit jumped 16 percent in its fiscal second quarter as its U.S. cafes attracted more visits and sold more food offerings like breakfast sandwiches. The coffee chain said sales rose 7 percent at established locations globally, including in its flagship U.S. market. Scott Maw, chief financial officer for Starbucks, said the increase in the U.S. was driven primarily by higher average spending per visit. That was the result of the Seattle-based
How the Dow Jones Industrial Average Fared Thursday
Thursday, 23 April 2015 15:43 Written by
Stocks rose slightly Thursday, with the Nasdaq composite closing at a record high for the first time since the dot-com bubble of 2000. On Thursday: The Dow Jones industrial average was up 20.42 points, or 0.1 percent, to 18,058.69. The S&P 500 index rose 4.97 points, or 0.2 percent, to 2,112.93. The Nasdaq composite gained 20.89 points, or 0.4 percent, to 5,056.06. For the week: The Dow is up 232.39 points, or 1.3 percent.

Bayoubuzz.com provides this article only as a news aggregator, NOT as the publisher or as the author. After reading this small portion of the article, please click upon the ORIGINAL SOURCE link above and read the original article. Thank you.

latter-blum2

Latest Discussions

  • No posts to display.

Facebook Plug

 

sumome