Finance News

YouTube Launching Online Gamers Site and App

YouTube Launching Online Gamers Site and App

YouTube Gaming is to be a destination to find gaming videos, Internet personalities and live streams. YouTube wants to win over gamers. The video giant online announced its plans before the Electronic Entertainment Expo next week to launch a separate site and app specifically for video games fans. Alan Joyce […]

Profit at General Mills Cut in Half by Impairment Charge

Profit at General Mills Cut in Half by Impairment Charge

General Mills Inc, which makes Betty Crocker brownie and cake mixes and Cheerios cereal, said profit for the fourth quarter halved due to recording a charge of $260 million to write down its value of one of its canned and frozen vegetable businesses. An assessment of its brand Green Giant, […]

American Eagle Sees Growth in Comparable Store Sales

American Eagle Sees Growth in Comparable Store Sales

American Eagle Outfitters the retailer for teen apparel reported its best growth in comparable sales in the past 13 quarters helped by a broader range of merchandise and less discounts. American Eagle, unlike its rivals Abercrombie & Fitch and Aeropostale has managed to win shoppers back by improving merchandise to […]

Macy’s Cuts Ties With Donald Trump After Controversy (NYSE:M)

Macy’s Cuts Ties With Donald Trump After Controversy (NYSE:M)

Macy’s has decided that the company would no longer do business with Republican presidential candidate Donald Trump after he made controversial statements denigrating Mexicans and immigrants. Trump called Mexican immigrants rapists and drug runners in a speech in which he announced his intention to run for president. He then doubled […]

Olive Garden: Sales Increase as Discounts and Gas Prices Fall

Olive Garden: Sales Increase as Discounts and Gas Prices Fall

Olive Garden posted quarterly sales that increased by 3.4% at its established restaurants as customers spent more money at the Italian chain that has been struggling. Darden Restaurants, the parent company, has moved away from heavy discounting that the restaurant relied on to increase traffic. Included in those deep discounts […]