Profit of Ally Financial more than doubles
According to Ally Financial Inc, its quarterly profit more than doubled and a one-time after-tax gain of about $400 million helped.
Barbie doll turned 56 on March 9
On March 9, 2015, toymaker Mattel’s Barbie doll – the most favorite toy for girls across the world – turned 56.
Microsoft will launch Office 2016 sometime in second half of 2015
According to a blog post released by Microsoft's Office suite product management head Julie White, the next major desktop version of Microsoft's full Office productivity suite is scheduled for general
FedEx sticks by its full-year outlook
Unprecedented decline in share prices prompted FedEx Corp on Friday to release a press note claiming that the company continued to stick by its full-year outlook.
Declining oil prices having trickle-down effect on other companies
The drastic decline in oil prices is not only hurting Texas' oil companies but also having a trickle-down effect on other companies, the president of Houston-based Lipow Oil Associates Consulting Firm
Battery’s Design Flaws led to Fire in 787 Dreamliner: NTSB Report
The National Transportation Safety Board (NTSB) carried out an investigation in a case in which a lithium-ion battery caught fire aboard a Japan Airlines (9201.T) plane in Boston.
Allergan to Cut 13% of Jobs, Part of Restructuring to Boost Profits
Allergan Inc has announced restructuring and the management plan to cut 13% of the workforce to improve efficiency. The move is intended to increase profits for the company over next six years. The company is also fighting a hostile bid from Valeant Pharmaceuticals International Inc.
The cost reductions have been claimed by the maker of anti-wrinkle drug Botox as a good way to spur annual earnings by more than 20% per year between 2014 and 2019.
