Business Timeline

Amazon Posts First Quarterly Loss In Four Years

Amazon Loses Tons Of Money In Q3 2012

Amazon on Thursday posted its quarterly financials, and, for the first time in four years, the company lost money. The online retail giant blamed its woes in part on the European debit crisis and following recession. Buyers in Europe have caused a reduction in consumer demand. Amazon profits were also hurt because of heavy spending… Read more »

Dog Costumes Are Big Business For Retailers This Halloween

Halloween Costumes For Dogs

Dog costumes, and pet Halloween outfits in general, generate a bit more money than most people may realize. According to The Star-Ledger, retailers are expected to gross around $370 million this year on costumes designed to embarrass your four-legged companions. While dressing up a pet for Halloween probably seems ridiculous to some, there’s apparently plenty… Read more »

Apple iPad Sales Reach 18 Million In Fiscal Q4, Report Claims

Apple iPad

A consensus roundup of 61 analyst from Wall Street brokerages and independent firms claims that Apple sold more than 18 million iPad devices in its fiscal Q4. According to the report, the full sales number is close to 18.38 million units sold with a media estimate of 18.13 million. If that number is correct, it… Read more »

Nokia Reports $755 Million Loss In Q3 2012

Nokia Headquarters And Losses

Nokia continues to bleed through its cash reserves, reporting a $755 million third quarter loss. You may recall that Nokia lost $1 billion in Q1 2012 followed by $775 million in Q2 2012. The most recent quarterly loss comes about despite the company’s earnings of $9.4 billion in revenues. In what might be the most… Read more »

Flight Attendants Wanted For Less Pay: American Airlines

American Airlines Offers New Flight Attendants Less Pay

American Airlines is looking for flight attendants who will take less pay than the more than 2,000 attendants who recently accepted a buyout of $40,000 to leave the company. The airline stated on Wednesday that it will post 1,500 flight attendant openings next month and will begin hiring in December, putting the new staff in… Read more »

Tata Nano Could Be Headed To The United States

India's Affordable Tata Nano

The Tata Nano, India’s low-cost compact vehicle, may soon hit the streets in the United States, according to the Washington Post. The same company that owns Land Rover and Jaguar reportedly wants to bring their incredibly affordable compact cars to American shores. For those in the market for something tiny and impossibly cheap, this might… Read more »

Softbank Sprint? Japanese Carrier To Buy 70% Stake In Sprint Wireless

Sprint Wireless and Softbank Acquisition Deal

US mobile carrier Sprint Wireless could go the way of T-Mobile and come under the ownership of a foreign company. Reports circulating on Sunday suggest that Japanese wireless carrier Softbank plans to acquire a 70% stake in the company. The 70% stake will cost the wireless firm $20 billion. Executives at Softbank and Sprint Wireless… Read more »

Wal-Mart Same-Day Delivery Being Tested In Select Markets

Walmart Same Day Shipping

Wal-Mart is jumping into the same-day delivery business, preparing a distribution product that will go head-to-head with Amazon’s own fulfillment center goals. The program is currently being tested in several US cities but could rapidly expand if the program is a success. The news comes at a time when Wal-Mart is increasingly viewing Amazon as… Read more »

Walmart And American Express To Offer New Prepaid Cards

Bluebird Prepaid Cards

Walmart and American Express are teaming up to offer customers what they call an “alternative to debit and checking accounts,” according to ABC News. If you fancy having a debit card but aren’t too fond of the charges that tend to accompany such a service, the companies are hoping you’ll strongly consider giving their new… Read more »