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Goldman Sachs Reports Plunging Profits While Citigroup Prospers

Goldman Sachs Reports Plunging Profits While Citigroup Prospers

Banking giant Goldman Sachs reported a sharp fall in profits as trading activity slows due to growing concerns about the global economic growth. The company’s net profits for the past three months went down more than a third compared a year earlier, with revenue falling almost 20% to $6.9bn. Plunging […]

by October 20, 2015 Comments are Disabled In The Corner
Australia Approves Controversial Mine, Sets Strict Conditions

Australia Approves Controversial Mine, Sets Strict Conditions

The Australian Government has approved one of the largest and most controversial mines to be built in Queensland. The Carmichael coal mine by India’s Adani Mining, however, will be subject to the country’s strictest conditions. Environmental Concerns The approval was signed last October 14 by Australia’s Environment Minister after a […]

by October 20, 2015 Comments are Disabled On The Money
Mattel to Reanimate Sales with Interactive Barbie

Mattel to Reanimate Sales with Interactive Barbie

Slumping Barbie sales are urging Mattel to become more competitive in the toy industry. The company hopes to revitalize their sales with Hello Barbie, a doll that talks to children. Revitalizing the Toy Business Mattel’s profits were at an all-time low in the third quarter at around 33 percent. The […]

by October 20, 2015 Comments are Disabled Simply Business
World Bank to Aid Syrian Neighbors

World Bank to Aid Syrian Neighbors

The World Bank plans to put together a financial assistance package for countries that are accommodating refugees from Syria. Officials note that there is a substantial financial burden being borne by Jordan and Lebanon, and they are currently discussing getting help from rich countries from the Gulf Nations. Syrian Crisis […]

by October 20, 2015 Comments are Disabled Perspectives
Netflix Hopes to Get Into the News Business

Netflix Hopes to Get Into the News Business

Comments from Netflix executives imply that the company wants to stay competitive as a news programming service. The cryptic comments came after the company’s earnings call, which fell short of their analysts’ expectations. Expanding to Journalism? Netflix is hinting that it may be expanding their operations into the world of […]

by October 20, 2015 Comments are Disabled Business World