Articles by: Ivaylo Mihaylov

AT&T cuts $40 a month from premium users’ bills

AT&T Inc announced a price cut for customers who share large data plans in its latest attempt catch up with market leader Verizon Wireless and fourth largest U.S. operator T-Mobile US. The mobile provider, called it “best-ever prices,” and said a family of four can get unlimited talk and text with 10GB of shared data […] Read more

US stocks drop amid emerging market slump, corporate earnings

US stocks retreated on Friday pressing the Standard & Poor’s 500 Index to its worst January since 2010, as some earnings reports disappointed investors and slump in emerging markets continued. The S&P 500 retreated 0.7% to 1,782.43 at 4 p.m. The index fell 0.4% over the past five days rcording a third week of losses. […] Read more

Ikea Group profit increases due to consumer sentiment

Ikea Group, which is considered as the biggest furniture retailer in the world, announced a gain in its annual profit. The company also said that household consumption is recovering in several markets. The statement made today revealed that the net income of Ikea Group for the 12 months ended on August the 31st rose by […] Read more

Siemens profit beats analysts’ estimates, charges fall

Siemens AG, which is currently known as the largest engineering company in Europe, posted fiscal first-quarter earnings that managed to beat analysts estimates. These results were facilitated by the fact that the profitability of the infrastructure unit more than doubled. Siemens, based in Munich, made a statement today, saying that its income from continuing operations […] Read more

Royal Philips posts profit that beats analysts’ estimates

Royal Philips manufactures medical systems, domestic appliances, consumer electronics and lighting, and is currently pointed as the worlds largest lightning company. It posted a profit that exceeded the analysts estimates, while its Chief Executive Officer Frans van Houten forecasts that Royal Philips is likely to make “modest steps” toward its 2016 targets this year. Mr. […] Read more

Puma SE replaces Nike Inc. as Arsenal Football Club supplier

Puma SE officially announced that it made a multi-year agreement with with the English Premier League team Arsenal Football Club to supply the uniforms and merchandise for the London-based club. This is part of the German sportswear groups plan to bring a new life to its brand. The deal, which is said to be the […] Read more

Honda Motor’s U.S. vehicle exports beat its Japanese imports for the first time

Honda Motor Co., which develops, manufactures and distributes motorcycles, automobiles, and power products such as generators and farm machinery, and which is also known as the company that makes two of the three cars with the highest production levels in North America, became a net exporter in the U.S. for the first time in 2013. […] Read more

US stocks retreat after posting week of declines

U.S. stocks dropped, following the worst week since 2012 for benchmark indexes, as concern over Federal Reserve plans to cut stimulus and an economic slowdown in China tempered gains in industrial shares. The Standard & Poor’s 500 Index slipped 0.5% to 1,781.56 at 4 p.m. in New York after tumbling 2.6% last week. The Dow […] Read more

Apple Inc. forecasts iPhone current quarter sales lower than estimates

The sales of Apple Inc.s iPhone over the holiday seasons, as well as the revenue forecasts for the current quarter fell behind the analysts estimates. This comes here to prove that the companys flagship product is losing its popularity as a main engine of the smartphone market. Apple made an official statement today and announced […] Read more