Business News

Sony Sells 5.3 Million PS4 Consoles Worldwide

Sony Sells 5.3 Million PS4 Consoles Worldwide

Sony said it was well ahead of its deadline to pass the 5 million mark in sales of PS4 by March. The company said that 5.3 million consoles had been shipped across the globe as of February 8. Sony takes pride when announcing these milestones of its popular PlayStation 4 […]

Alibaba Acquires Youku for $4.8 Billion

Alibaba Acquires Youku for $4.8 Billion

Alibaba Group Holding agreed to acquire Youku Tudou the video service in a deal that is said to be $4.8 billion, as Jack Ma the billionaire is seeking to stream additional content to Internet users in China through control of the site that is compared to YouTube. Net of the […]

Panel for FDA Votes in Favor of Gout Drug from AstraZeneca

Panel for FDA Votes in Favor of Gout Drug from AstraZeneca

A panel of medical advisers that is independent of the U.S. Food and Drug Administration voted on Friday 10 to 4 in favor of approval for a gout drug from AstraZeneca. All of the 10 who supported the drug, known as lesinurad, qualified the vote by urging the U.S. regulatory […]

Peet’s Coffee Buying Majority Share of Intelligentsia

Peet’s Coffee Buying Majority Share of Intelligentsia

Peet’s Coffee & Tea has announced that it will acquire a majority share of Intelligentsia Coffee, which is based in Chicago. It is the second deal for Peet’s with the last month. Once only a single store, Peet’s, based in Berkeley, California is now acquiring boutique coffee roasters that are […]

Harley-Davidson Sales Stall Causing Earnings to Sputter

Harley-Davidson Sales Stall Causing Earnings to Sputter

On Tuesday, Harley-Davidson said revenue and profit slid during the most recent quarter, although earnings were still better than what Wall Street had expected. Shares, which slid this year by 17%, were up Tuesday 3.6% in trading before the bell. The company, based in Milwaukee, said that worldwide dealer sales […]