Contrary to previous forecasts, China’s economy faced a minor setback this past April as output data disappointed, retail sales fell and prices were eased slightly. Industrial output advanced at its slowest pace in three years, while fixed asset investment growth fell to its lowest in nearly a decade. The falter reveals that the real estate… Continue Reading
According to Inmarsat Plc., the company’s quarterly core earnings increased as a result of its maritime unit. “Subscriber growth of over 10 percent in the first quarter continues to underpin our expectations for improved results in 2012,” said Rupert Pearce, Chief Executive. This year’s first quarter proved beneficial for the mobile satellite company, with core… Continue Reading
Facebook is about to release its IPO, and many investors have undoubtedly taken an interest in the development. However, both Warren Buffett and Charlie Munger, Buffett’s business partner, have declared that they will not be investing in the tech company. “We never buy into an offering,” Buffett said. “The idea that something coming out…that’s being… Continue Reading
According to data released by TrueCar.com, the increased popularity of trucks and SUVs has resulted in a slightly lower fuel economy of cars and trucks this past April. To be exact, the fuel economy average of new vehicles was 23.3 mpg in April, in comparison with March’s 23.4 mpg. The small change comes as gas… Continue Reading
Entrepreneur recently revealed its list of the top ten franchises for 2012 in the 33rd Annual Franchise 500 listing. The rankings lend insight into the upcoming year’s successful industries and trends, as well as shift the odds for their more immediate future. Hampton Hotels Subway 7-Eleven Inc. Servpro Days Inn McDonald’s Denny’s Inc. H&R Block… Continue Reading
Google Inc. ranks number one on oh-so-many lists, so it’s no surprise that they top the list of Best Companies to Work For in 2012 as well. Founded by Larry Page and Sergey Brin in 1998, Google’s mission is to “organize the world’s information and make it universally accessible and useful.” The company’s primary focus… Continue Reading
Spain’s recession and extremely slow business activity have lowered the Standard and Poor’s 500 Index despite a positive four-month streak. Caterpillar Inc., Monsanto and Bank of America all fell a minimum of 1.7%, while Humana Inc. slid a whopping 8.1%. NYSE Euronext dropped as well, and also recorded an almost 50% fall in revenue. Microsoft’s… Continue Reading
S&P has lowered Spain’s sovereign credit rating for the second time this year as the region’s economy diminishes. Standard & Poor’s lowered Spain’s A to a BBB+, stating a negative outlook for the future. The country’s short term rating also fell to A-2 from A-1. Ten years of borrowing costs in the nation have inflated… Continue Reading
SHIFT Athletic Performance is a new business established by Katy Luetke in January. It focuses on professional strength and conditioning, group fitness programs, sports-focused programs, personal training, nutritional coaching and more. In an interview with Redding.com, Luetke spoke about her new business. What prompted you to start your own business? “As a local and former… Continue Reading
Investor concern regarding the ongoing debt crisis and slow economic growth is likely to increase now that oil prices have reached $103 per barrel in Asia. June delivery’s benchmark oil had fallen 13 cents to $102.98 a barrel on the New York Mercantile Exchange, and the contract later fell 77 cents to $103.11. Meanwhile, Brent… Continue Reading