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Porsche Claims Best Half-Year in Company History

Porsche says it had the best half-year in its corporate history in the first half of 2015. Porsche AG set records for vehicle deliveries, sales revenue, and earnings. The Porsche Boxster Spyder is pictured above. Read more... August 1, 2015

Fitbit Celebrates IPO With Workout Event Outside NYSE

Fitbit celebrated its successful IPO outside the New York Stock Exchange (NYSE) yesterday. The IPO was set at $20 a share. It is now trading around $38 a share, nearly double its IPO price. Fitbit trades on the symbol FIT. Read more... June 23, 2015

FitBit Plans to Raise $358 Million Through IPO

FitBit is planning an IPO. TechCrunch is reporting that the manufacturer of wearable fitness devices plans to raise $358 million through its IPO. The FitBit Surge device is pictured above. Read more... June 4, 2015




Zillow Acquires Trulia for $2.5 Billion in Stock

Two online real estate giants are now one. Zillow has completed its acquisition of competitor Trulia for $2.5 billion in stock. The combined companies will be known as Zillow Group. Zillow Group says it houses the "collection of largest home-related brands on mobile and Web." Read more... February 17, 2015

Apple Reportedly Ordered Suppliers to Make 5 to 6 Million Apple Watches

Apple has reportedly ordered 5 to 6 million units of its upcoming Apple Watch for the first quarter. The watch is expected to be available for purchase in April. Time will tell if it becomes the next big thing for the top tech company. Read more... February 17, 2015

Iconix to Acquire Pony Athletic Brand and Strawberry Shortcake

Iconix Brand Group recently announced two interesting acquisitions. They include the assets of the athletic brand Pony, which was founded in 1972. Iconix also acquired the Strawberry Shortcake brand. Read more... February 16, 2015

McDonald's CEO Don Thompson to Step Down

McDonald's CEO Don Thompson is stepping down falling a fall in revenues. Thompson will be retiring as CEO and President effective March 1st. He will also resign as a member of the fast food chain's Board of Directors after twenty five years. A McDonald's Quarter Pounder is pictured above. Read more... January 28, 2015

Apple Records Monster Profit on Record iPhone Sales

Apple recorded a monster profit during its fiscal 2015 Q1 quarter ending December 27, 2014. The company recorded quarterly net profits of $18 billion on revenues of $74.6 billion. The mega profit was driven by record iPhone sales. Read more... January 27, 2015

Stocks Fall on News of Weak December Retail Sales

Retail sales were down over the holiday. A new report from the Department of Commerce says retail and food sales fell 0.9% in December 2014 from November 2014. Sales were up 3.2% from the prior year. However, much of the growth was from automobile sales as you can see in the chart above. Read more... January 14, 2015

Constellation Reports Higher Revenues on Strong Corona and Modelo Sales

Constellation Brands is reporting higher revenues for its third quarter. The company has net sales growth of 7%. Net sales for the company's beer segment increased 16%. Read more... January 8, 2015


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