Economy News

Toshiba Markdown on Profit Nearly Doubles Its Prior Estimate

Toshiba Markdown on Profit Nearly Doubles Its Prior Estimate

Toshiba Corp will likely mark down its operating profit from the past by as much as 100 billion yen or $814 million, which is nearly double its estimated restatement made earlier, due to accounting irregularities, said a person close to the situation. In what could be shaping up to be […]

Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

Dollar Slides, Growth Slow, Are We Getting Closer to a Fed Rate Hike?

New numbers show that the American economy only grew at a moderate/modest pace this summer through 8 of the Federal Reserve’s 12 districts. This is a slowdown from past reports that could encourage more caution among Fed policymakers in terms of raising interest rates. According the Fed’s “Beige Book”, which […]

PepsiCo Revenue and Profit Beat the Street

PepsiCo Revenue and Profit Beat the Street

PepsiCo Inc has reported quarterly sales and profit that was better than had been expected. The soft drink beverage maker raised its forecast for adjusted earnings for the year as its higher prices have helped drive its revenue growth in the beverage business for the second time in close to […]