Wal-Mart Stores Inc. (WMT) is recalling about 1.2 million Rival brand electric water kettles manufactured in China after several reports of burns and shocks were reported.
The recall involves kettles with model numbers WK8283CU and WK8283CUY, which were sold exclusively at Walmart stores from March...
Media entertainment company CBS Corp. (CBS, CBS-A), Tuesday reported an increase in profit for the first quarter, driven largely by double-digit increase in revenues reflecting strong performance of television network segment.
The New York-based company's first-quarter profit rose to $473 million...
Fairway Group Holdings Corp. (FWM), the operator of grocery chain Fairway Market, has filed for chapter 11 bankruptcy protection.
The retailer has been struggling with intense competition from bigger grocery chains like Whole Foods Market Inc. or online retailers that bring it to door step.
A Brazilian judge has ordered all wireless phone carriers in the country to block WhatsApp after the Facebook-owned messaging service failed to comply with an order asking to turn over data related to a criminal investigation.
According to reports, the app, which is used by over 100 million Brazilians,...
Amazon.com Inc. intends to bring its free same-day delivery to the Bronx and Chicago's South Side areas.
The online retailer's plans comes after severe criticism were raised that the company unfairly left out some predominantly black and Hispanic areas from its Prime service.
An analysis done by...
Researchers have developed the world's tiniest engine that could form the basis for future applications in nano-robotics, including robots small enough to enter living cells. Just a few billionths of a meter in size, the nano engine uses light to power itself. Developed by researchers at the University of Cambridge, the nanoscale engine could form the basis of future nano-machines that can navig
Electric and natural gas utility company Dominion Resources Inc. (D) is slated to release its first-quarter results before the bell on Wednesday, May 3, with analysts polled by Thomson Reuters estimating earnings of $0.94 per share on revenue of $3.45 billion. Analysts' estimate typically exclude certain special items.
Dutch consumer electronics giant Philips Electronics NV said Tuesday that it plans to launch an initial public offering of its iconic lighting business on the Euronext stock exchange in Amsterdam. The intended IPO of Philips Lighting would consist of an offering of existing shares only held by Philips, the current sole shareholder of Philips Lighting.
Shares of Infineon Technologies AG were losing around 4 percent in German trading after the manufacturer of semiconductors and system solutions reduced its revenue growth forecast for fiscal 2016. This was despite a surge in second-quarter profit with strong revenues. For the third quarter, the company projects revenue growth sequentially.
Google Chrome has finally managed to snatch the first position in the browser world by slightly overtaking Internet Explorer (IE), officially ending the long reign of the Microsoft internet search engine. According to statistics provided by market researcher NetMarketShare, Chrome was the most popular desktop browser last month with 41.7 percent, narrowly topping the 41.4 share for Internet Explo
Eurozone growth and inflation is set to be less than what was expected earlier as high debt levels and insufficient structural reforms on a domestic level and the deteriorating global environment could hurt the economic prospects.
Sprint Corp., the third largest U.S. wireless carrier, on Tuesday reported a loss for the fourth quarter that widened from last year on one-time charges and lower revenues. The latest quarter's results include charges related to severance and lease exit costs, including the shutdown of legacy WiMAX service that will free up valuable spectrum and immediately lower network costs.
Halliburton Company (HAL) reported a loss from continuing operations of $2.4 billion, or $2.81 per share, in the first quarter of 2016, compared to a loss of $639 million or $0.75 per share, previous year. Halliburton recorded company-wide charges related primarily to asset impairments and severance...
Pfizer Inc. (PFE) reported a profit for first-quarter 2016 that increased 27 percent from last year. Both earnings per share and revenue for the quarter beat analysts' expectations. The company raised its fiscal year 2016 guidance to reflect the strong operational performance.
The U.K. factory activity shrank unexpectedly in April, for the first time in three years, signaling that the manufacturing sector entered the second quarter on a poor footing amid "Brexit" fears. The Chartered Institute of Procurement & Supply Purchasing Managers' Index for the manufacturing sector fell unexpectedly to 49.2 in April from a revised 50.7 in March.