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Samsung shares rise on strong smartphone sales

The South Korean tech giant reported on Thursday the operating profit of 7.8 trillion Korean won ($ 6.7 billion) for the quarter ending September. That's down from 17.57 trillion Korean won ($ 15.1 billion) for the same period a year ago. Sales decreased by 5% to 62 trillion won ($ 53 billion) from the same period last year but improved …

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MGM wants to sell land during the MGM Grand in Las Vegas

MGM Resorts International is working to sell its MGM Grand property on the strip in the same way it moved its flagship Bellagio resort. The company's real estate sale of Bellagio was the first of what could be several similar transactions to execute the company's "asset light" strategy to grow the company, invest in new opportunities and return more money …

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China's manufacturing activity declined for the sixth row in October

Workers are seen at a solar cell production line at a factory in Huzhou, Zhejiang Province, China February 12, 2019. Lin Yunlong | Zhejiang Daily | Reuters China on Thursday reported that factory activity declined during the sixth straight month of October, with the official purchasing manager index for manufacturing reaching 49.3 in October. Analysts who visited Reuters had expected …

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Pour One Out For Dead Brands Edition

Sunbeam, Humber, Singer, Commer, Hillman, Career, Talbot, Simca, Barreiros, Hudson, Nash, Rambler, Metropolitan, Willys-Overland, Graham-Paige, Kaiser, Frazer, Graham Brothers, Maxwell, Chalmers, Fargo, DeSoto, Autobianchi, Plymouth, Imperial (twice), Valiant, Matra (ish), and Eagle. As [if?] reviews this FCA and PSA merger, it will lie on the backs of these many dead brands. Many early American brands were merged and consolidated in …

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Mark Zuckerberg believes that Instagram should remain on Facebook

Facebook Chairman and CEO Mark Zuckerberg testifies at a hearing of the House Financial Services Committee in Washington, October 23, 2019. Erin Scott | Reuters Facebook CEO Mark Zuckerberg on Wednesday provided a complete defense of his company's ownership of Instagram, describing the strong competition the combined company faces in the market. Speaking on a conversation with analysts following Facebook's …

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TeamTrees by YouTuber MrBeast raised millions, including from Elon Musk

A lineup of more than 600 influencers joined the nonprofit Arbor Day Foundation to start a reforestation movement sparked by a Reddit meme. The YouTuber Jimmy Donaldson, aka MrBeast, first started #TeamTrees when a fan challenged him to plant 20 million trees to celebrate reaching the 20 million subscriber milestone. In less than a week, the campaign has raised over …

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Apple Revenue: Slow iPhone Sales But Apple's Best Q4 Revenue Yet

Apple today reported its fiscal fourth quarter 2019 earnings, with the company earning a record $ 64 billion in revenue. The news reflects the general trend with Apple over the past year: iPhone sales are down, but service revenue was hit by a peak. In other words, Apple's strategy of deselecting hardware sales and investing more in subscription services seems …

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What to know about Peugeot manufacturer PSA Groupe, FCA's new partner

CLOSE Autoplay Show Thumbnails Show Captions Last SlideNext Slide Fiat Chrysler Automobiles and PSA Groupe, best known for their Peugeot brand, have reportedly agreed to strike to create one of the world's largest vehicle groups. The deal could cause ripples that would affect FCA's overall Detroit rivals, General Motors and Ford. FCA already provides a more international focus on Detroit's …

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