On Friday, American Airlines reported record profits in the fourth quarter as well as entire 2015, mainly helped by considerable drop in fuel prices which counterbalanced lower revenues.
The biggest airline in the world said the earnings in the year accounted for the highest ever noted by any other carrier. Even this year, American expects to save a lot on fuel which is close to $2 billion.
The growth noted in the U.S. economy made an abrupt halt in the fourth quarter with businesses trying to reduce an inventory oversupply and making efforts to balance the strong dollar in a market with slowing demand globally.
Oil futures gained from the news that Russian officials are considering talks with OPEC members to mull over ways to work out solutions for the supply glut. Oversupply of oil in the market due to higher output has pushed prices to record lows affecting the producer countries and the energy companies worldwide.
On Thursday, Amazon. com Inc., the online retail giant posted one of its most profitable quarters but it was not able to match the analysts' expectation. The news sent the company's shares thirteen percent or more down during the afterhours trading.
Teenagers, who spend a lot of time on social media websites like Facebook and Twitter, are likely to have sleep disturbances, according to a new study. The researchers said that teenagers using social networking are more likely to suffer from sleep disturbances than those who prefer outdoor activities without smartphones.
Lead author Jessica C Levenson, post-doctoral researcher at the University of Pittsburgh, said, "This is one of the first pieces of evidence that social media use really can impact your sleep."
The Australian Medical Association's (AMA) state branch in Western Australia has said that the West Australian public hospitals are not in a position to face any cuts.
AMA in the state said that the poor performance by the public hospitals in the state shows that the sector is not ready to accept cuts. The latest annual public hospital report card from the association showed that there was no improvement in WA in the previous year as state's hospitals missed several targets.
On Wednesday, eBay shares dropped as the retailer forecasted revenue for the quarter and the full year that did not match expectations. Shared dropped greater than twelve to $23.51 during the extended trading hours.
Although Samsung's fourth quarter revenue moved up one percent but weak mobile phone and display panel demand did not give the company a big push and that is not expected to alter much in the year.
On Thursday, Samsung announced in Seoul that its Q4 revenue was US $45.5 billion. The company's net profit dropped forty percent.
The cloud and virtualization software and services provider VMware Inc forecasted its revenue expectations for 2016 which missed the analysts' expectations. This hints that the software manufacturer's healthy growth in new businesses did not properly offset or compensate the weakness it faced in the conventional server-virtualization software business.
The wireless market for AT&T is no more what it used to be and once that was the company's main earning source. Now Dallas- based AT&T is depending more on its video leaving the traditional wireless service second.
The second-largest phone company of the nation has faced sluggish growth last year with many of its phone customers opting for cheaper offers from its rivals like T-Mobile and Sprint. However, chasing these customers is not what AT&T has in mind; instead it is focusing on serving customers better in other ways.
United chose Boeing for its $3 billion deal which was a blow to Bombardier's bid for its C Series model.
This week, Glassdoor, the company which helps people find jobs, named the top twenty five jobs and all of them tech- related. Among them the job of "data scientist" topped the list. The others that followed were tax manager, solutions architect and engagement manager and significantly they all had something in common, they boast of salaries nearing or higher than $100,000.
The drop in oil and commodity prices has taken its toll on many companies globally and the same goes for Freeport- McMoRan, one of the largest producers of copper and gold in the world.
Beekeepers and Australian honey industry have contradicted a new research claiming that the Australian honey is the worst honey in the world.
Experts in Scotland have given an ultimatum to the food industry in the region to help in improving eating habits of the people or face an additional sugar tax.
Wednesday was not particularly too sunny for the Dow Jones Industrial Average, as it took a dip during the early trading. The index dropped close to 500 points by midday and that took also took the Twitter stocks down.
Jack Dorsey, the founder and chief of Twitter was demoted from the billionaire club on Wednesday to the mega-millionaire ranks.
The biggest bank of Germany, Deutsche Bank AG, is expected to post a loss of 2.1 billion-euro for Q4 as it set aside more amount of money to settle legal costs and a restructuring charge.
Deutsche Bank said the full year revenue is expected to be close to 33.5 billion euros. The net loss for the period is expected to be
On Wednesday, U. S. oil prices slipped further to lower than $27 per barrel. It's the lowest level noted since 2003. The investors are caught amidst a slump in price and an oil supply glut that's taking a toll on the oil prices globally. However, there is no sight of relief and oil continues it's down ward swing dropping greater than twenty five percent this year till now.
Citing economic slowdown in China and seasonal weakness in the sale of gaming consoles, Advanced Micro Devices Inc. (AMD) said that there could be a notable drop in the company's revenue in the first quarter of the year.
Amazon has hit the headlines for a while with its goal of delivering packages by drone someday at the door steps of its consumers. However, before that is made possible, the company has certain regulatory hurdles to cross.
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