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Audi Reports New US Sales Records Reached In November

Volkswagen unit Audi (VLKAY) has announced that sales in the United States grew a record 22 percent for November, the best November on record for the company. Audi sales in the U.S. have risen for 47 consecutive months and the company has increased its U.S. sales year-to-date by 15.4 percent. The unit reports that it […]

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Shareholders at Chiquita Say NO to Fyffes Acquisition Deal

Chiquita Brands, the U.S. banana company will not be merging with Fyffes their rival in Ireland any time soon. Shareholders at the banana company rejected the proposed merger on Friday with the importer and distributor of tropical fruit. Chiquita will now enter talks with its suitor from Brazil, Cutrale-Safra. At midday on Friday, Chiquita issued […]

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Starboard Takes All of Darden’s Board Seats

Darden Restaurants Inc the owner of the Olive Garden restaurant chain amongst others lost a battle of over 9 months against Starboard Value LP, which was able to convince investors to change the entire board of directors of the company today at its meeting of shareholders. Company investors voted for 12 directors at the annual […]

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Monsanto Loss Smaller, Forecasts Profits Below Estimates

Monsanto Co the largest seed company in the world reported a loss in the fourth quarter that was narrower on Wednesday saying it sees continued growth in the upcoming fiscal year on sales of soybean and corn seeds. Monsanto, which is known for its widely known genetically engineered soybeans, corn and others, as well as […]

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Disney to Bail Out Theme Parks

The Walt Disney Company is reaching into its deep pockets once again to help Euro Disney, the operator of the troubled Paris Disneyland theme park complex. The parent company, based in the U.S. is backing a bailout of $1.25 billion including a capital increase of 425 million and conversion of debt owed by Euro Disney […]

Stock Market News

Stocks in U.S. Dive Sharply, Airlines Much Lower

On Wednesday U.S. stocks plummeted with the Dow Jones industrial average off by over 245 points as of 2 p.m. Wall Street was hit hard from disappointing news economically and a drop in airline stocks due to the Ebola crisis. Investors moved their money to traditional safe havens during uncertainty such as gold, bonds and […]

American Apparel

New Interim CEO Named at American Apparel

American Apparel Inc in an attempt to move beyond a summer to forget named as its interim CEO a turnaround expert and a former executive at Nike as its new chief financial officer. Scott Brubaker who is one of the managing partners at Alvarez & Marshall the turnaround firm, was named as the clothing company’s […]

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Microsoft Delay Xbox One Release in China

In a last minute move, Microsoft has delayed the launch of the Xbox One in China. Originally scheduled to be released this Tuesday, the company is now saying it will be out before the end of the year. And they haven’t been exactly clear on the reason for the delay. A Microsoft spokesperson said, “At […]