economy

'Brown Friday' underway as UPS and Retailers expect to hire thousands of seasonal employees

'Brown Friday' underway as UPS and Retailers expect to hire thousands of seasonal employees

Ever heard of “Brown Friday”? Yeah me neither, Brown Friday is a term used by the world’s largest package-delivery company, UPS. The company is looking to employ as many as 40,000 seasonal employees during a hiring blitz for the ho..

Blackstone Third-Quarter Profits Top Estimates

Blackstone Third-Quarter Profits Top Estimates

Blackstone Group LP (NYSE: BX), the world’s largest manager of alternative assets, reported Thursday an increase in third-quarter profit that exceeded analyst expectations as continuing market strength boosted the value of its investments.Net ..

Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Group, Inc. (NYSE: GS) on Tuesday reported third-quarter earnings that topped analysts’ estimates, driven by higher net revenues in Investment Banking and Investment Management.The bank said net revenue rose 4% to USD 8.65 Billio..

Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America (NYSE: BAC) began the day with a strong 3rd quarter earnings report which outperformed analysts’ expectations. The bank reported earnings per share, 43% higher than this time last year, of USD 0.66 (USD 0.04 greater than expect..

Harris, L3 Technologies Announce Merger Plan

Harris, L3 Technologies Announce Merger Plan

Harris Corp.(NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) said Sunday they will combine in the largest-ever defense industry merger, as the Pentagon expands budgets with an eye toward increased investment by contractors and quicker weapons d..

Tesla’s Sales in the U.S. Are Gaining on Some of the Top luxury Car Makers

Tesla’s Sales in the U.S. Are Gaining on Some of the Top luxury Car Makers

U.S. sales for American automotive and energy company, Tesla Inc. (NASDAQ: TSLA) are estimated at 64,727 units sold in Q3. According to analysts at Edmunds.com, its domestic sales are just under the top 3 luxury brands of Lexus, BMW, Mercedes-Benz a..

BP Works to Resume Oil Exploration in Libya

BP Works to Resume Oil Exploration in Libya

Yesterday, BP plc (NYSE: BP) Chief Executive, Bob Dudley, Chairman Eng. Mustafa of the National Oil Corporation (NOC) of Libya and, CEO of Eni (NYSE: E), Claudio Descalzi, signed a letter of intent involving the exploration and production sharing ag..