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Business

Starbucks Hits Record Sales, Boosted by higher prices

Starbucks Corp. SBUX 0.62% reported record revenues in its last quarter as the coffee giant benefited from higher prices and new stores. In the fourth quarter of the fourth quarter, the Seattle-based company posted an increase of 3% in the same retail sales globally, and it was expected that 2.4% increased analysts. Growth was driven by an increase of 4% …

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Shake Shack tumbles 6% after missing at the same store sales

Shake Shack fell in retrospect on Thursday after the burger chain reported a decline in the same store as heavily missed expectations. div> div.group> p: first-child "/> The analysts asked by Refinitive, expected sales in restaurants open at least 12 months to increase 1.1 percent. Shake Shack said that the decline includes a decline of 4 percent in the visitors' …

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Apple Reports Record Revenue and Profits

Apple Inc. reported its fourth consecutive quarter of record revenue and profits, as the combination of higher iPhone prices and a strong app store sales drove the technology giant for its best year ever. Revenue for the three months ending September 29, the final financial quarter, rose almost 20% to $ 62.9 billion from the same period last year, while …

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Prison time, hefty fines for privacy violations: draft US Senate Bill

WASHINGTON (Reuters) – A senior democratic US senator on Thursday unveiled draft laws that would allow major fines and as much as 20 years in prison for executives who violate privacy and cyber security standards. PHILPHOTO: Senator Ron Wyden (D-OR) comes to a senate knowledge committee hearing that evaluates the intelligence community's assessment of "Russian activities and intentions in recent …

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Here are the first offers

Black Friday is by far one of the busiest days of the year for shoppers. Consumers spent $ 1 million a minute on top of Black Friday online shopping in 2017, Forbes reported. As foot traffic decreases – the amount of brick and mortar shopping reduced 4 percent between 2016 and 2017 – and online costs increase, make sure you're …

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Google Staff Stage Global Walkout Over Treatment of Sexual Harassment

Thousands of Google employees around the world have organized a series of walkouts on Thursday to protest a workplace culture that they say promotes and protects debtors from sexual harassment at the tech giant. The organizers of the walkout start in Asia and held at 11:10 local time at Google's offices around the world-issued a letter requiring the company to …

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Google Walkout: Employees protest over allegations of sexual harassment, inequality in offices around the world

At Google offices across the world, employees of the job go to protest what organizers call "a culture of involvement, dismissal and support for perpetrators" accused of sexual harassment and abuse. Walkout coming a week after the New York Times revealed that Google had suppressed allegations of sexual abuse against several of its leaders, including Andy Rubin, the creator of …

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Rising interest rates crush US auto sales, consumer confidence

(Reuters) – US car sales rose somewhat in October, hit by rising interest rates and higher vehicle prices, and No.2 carmaker Ford Motor Co. FN ) announced a reduction in consumer confidence, indicating sales volumes will continue to moderate in 2018. PHILOTO: Fiat Chrysler Automobile Assembly Workers Build 2019 Ram Pickup Trucks on Verticle Adjusting Carriers & # 39 ; …

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Carl Icahn takes Dell Technologies to the Court Over Tracking Stock Deal

The activist investor Carl Icahn has stated that he intends to vote against a possible agreement that will re-launch Dell Technologies. Photo: brendan mcdermid / Reuters Updated November 1, 2018 12:23 pm. ET The activist investor Carl Icahn said he has sued Dell Technologies Inc., DVMT 1.14% accuses the personal computer and data storage company to retain information related to …

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