GameStop Revenue and Profit Surpass Expectations Owing to Strong Sales of “Mortal Kombat X” and “EvolveSubmitted by Sukhbir Dhillon on Fri, 05/29/2015 - 12:08
In the first quarter, GameStop Corp, which is the largest video game products retailer in the world reported revenue and profit, which surpassed the expectation of analysts. The boost in revenue was mainly helped by higher sales of "Mortal Kombat X" and "Evolve", newly released games and also a boost in downloads of mobile games.
On Friday, data released by Japan revealed that Prime Minister Shinzo Abe's plan of economic revival for the country is not going quite in the direction that he expected. Though the manufacturing activity is becoming better and the employment figures are climbing, yet the nation's consumer spending figures still is persistently frail and the annual inflation rates are going down.
FBI Starts Probing the Cyber theft of U.S. Taxpayer Information from IRS “Get Transcript” ApplicationSubmitted by Tejinder Mangat on Fri, 05/29/2015 - 12:05
On Tuesday, John Koskinen the IRS Commissioner said that hackers have attempted to accessed personal tax information of the tax payers 200,000 times within the time period of February to May. He also said that they successfully stole information in almost half of their attempts.
On Wednesday, Costco Wholesale Corp reported a nine percent boost in its profit for the third quarter last year. The increases mirror the company's gains from higher comparable sales, raised membership fees.
On Tuesday, the San Diego Union-Tribune announced that it was trimming its workforce. It will be laying off approximately thirty percent of its staff which comes to 178 employees. The job cutting is part of a cost saving effort that mostly affected the printing and delivery operations.
On Tuesday, a post on the website of Re/code revealed that, Vox Media, which owns The Verge, is buying Revere Digital. Revere Digital is also the owner of the Re/code which is a tech news website. Recode was founded by Silicon Valley veterans, Walt Mossberg and Kara Swisher.
On Wednesday, the yellow metal remained at almost a two weeks low following a drop of two percent in the earlier session. The status of gold remained low as the strengthening US economic data brings in hopes of THE Fed Reserve increasing the record low interest rates.
- Scientists discover Oldest Stone Tool in Turkey
- Rods and Cones of 300-Million-Year-Old Fossilized Fish still well Preserved
- Xiaomi to Invests 1.27 billion Yuan in Midea, a Home Appliance Manufacturing Company
- Following the Great Recession the Wealth Inequality Gap between Whites, Blacks and the Hispanics Widen
- Former Atlantic City Showboat Casino Bought by Richard Stockton College