Business News - part 5

PC Sales Expected to Drop Only 3% in 2014

PC Sales Expected to Drop Only 3% in 2014

BUSINESS

  • Businesses replacing aging units
  • New Windows operating system could spark 2015 sales
  • Tablets to overtake PCs, but sales slowing

Personal computer shipments are expected to decline only 2.9% this year, to 276.2 million units, the smallest decline in years, according to research marketing firm Gartner Inc. In 2013, shipments fell 9.5%.

The PC market includes both desktops and laptops as well as ultramobiles, a thin, compact, lightweight laptop designed to be used on the go.

Read more »

Facebook Buys Video Advertising Company LiveRail for $500 Million

Facebook Buys Video Advertising Company LiveRail for $500 Million

BUSINESS

  • Technology will allow for more targeted ads
  • Other social media sites looking for video ads
  • Facebook hoping to increase ad revenue

Facebook, the world’s largest social network, purchased video advertising company LiveRail for an undisclosed amount, reported as $400-$500 million by TechCrunch, as the network takes steps to complement TV ad campaigns.

Founded in 2007, LiveRail works by allowing customers to upload video to its platform and bid for ads in real-time. Clients are matches to the highest bidder using algorithms and also gain better audience targeting. A system is in place to prevent age-limited products such as tobacco and alcohol to be shown to minors.

Read more »

Nestle Sells Juicy Juice Brand to Buyout Firm

Nestle Sells Juicy Juice Brand to Buyout Firm

BUSINESS

  • Juicy Juice market share steadily falling
  • Purchase is firm’s largest
  • Nestle selling off brands to simplify product line

Swiss food giant Nestle SA has agreed to sell its Juicy Juice brand to buyout firm Brynwood Partners VII LP through its portfolio company, Harvest Hill Beverage Co. as Nestle sheds underperforming brands.

Juicy Juice debuted in 1977 and was purchased by Nestle in the mid-1980s. In the mid-1990, it was the top-selling juice brand. It is in the 100% juice category; however, health concerns over sugar for children have caused sales to fall steadily in recent years.

Read more »

Global Manufacturing Market Sees Spark of Life in June

Global Manufacturing Market Sees Spark of Life in June

BUSINESS

  • Increased output seen in Asia and United States
  • Stimulus in China and Japan showing effect
  • Growth in Europe very slow

Manufacturing picked up pace in Asia and the United States in June but remained slow in Europe.

In Asia, months of decline were reversed by stimulus packages in China, the world's second-largest economy, and Japan.

Read more »

Devon Energy Selling Assets to Linn Energy for $2.3 Billion

Devon Energy Selling Assets to Linn Energy for $2.3 Billion

BUSINESS

  • Devon making shift to oil
  • Linn to sell assets to fund purchase
  • Both companies making sales and acquisitions

Oil and gas producer Devon Energy Corp. is selling its noncore U.S. oil and gas properties to Linn Energy LLC for $2.3 billion as it makes the transition to only oil.

The properties, 896,000 net acres, are located mid-continent, off the Gulf Coast and in the Rocky Mountains and produce the equivalent of 275 million cubic feet of gas daily with 1.242 trillion cubic feetin reserve. Eighty percent of what is produced is natural gas.

Read more »

Daimler, Renault-Nissan to Produce Mercedes in Mexico

Daimler, Renault-Nissan to Produce Mercedes in Mexico

BUSINESS

  • Deal the largest in the partnership’s history
  • Move to Mexico helps cut costs
  • BMW also planning Mexican plant

The automobile manufacturing partnership between Daimler AG and Renault-Nissan have agreed to build a manufacturing plant in Mexico to produce Daimler’s Mercedes and Nissan Infiniti cars.

The 50-50 project is the largest in the partnership’s history. The plant will be located in Aguascalientes, 300 miles northwest of Mexico City.

Read more »

Barnes & Noble to Spin Nook Into Separate Company

Barnes & Noble to Spin Nook Into Separate Company

BUSINESS

  • Company believes split will increase profitability
  • Unit also includes college textbooks
  • Bookseller saw an improved fourth quarter

Bookstore chain Barnes & Noble Inc. has announced plans to separate its retail and Nook e-reader units into two separate businesses in an effort to increase profitability and shareholder value.

During the fourth quarter, the Nook unit saw revenue fall 22% to $87 million. Digital content sales also fell, declining 19% to $62 million.

Read more »

Oracle Buys Micros Systems for $5.3 Billion

Oracle Buys Micros Systems for $5.3 Billion

BUSINESS

  • Micros a smaller version of Oracle
  • Purchase will help Oracle stay competitive
  • Micros largest purchase in four years

Computer technology company Oracle Corp., the world’s second largest software manufacturer, has purchased point-of-sale manufacturer Micros Systems Inc. for $5.3 billion, hoping to boost sluggish sales.

Micros is a smaller version of Oracle. It has a hardware and software business along with a small-cloud computing presence.

Read more »

GE Alters Bid for Utility Alstom to Win French Government Approval

GE Alters Bid for Utility Alstom to Win French Government Approval

BUSINESS

  • Revised bids ease government concerns
  • GE would win gas turbine business, if successful
  • Rivals Siemens and Mitsubishi also alter bid

General Electric Co. has revised its bid to win energy conglomerateAlstom SA in the hopes of gaining French government and union approval and easing their concerns.

In the revised $13.5 billion bid, an increase of $1.63 billion, GE proposes to keep Alstom’s energy assets, grid equipment and power generation, together.

Read more »

Harley-Davidson Introduces Its First Electric Motorcycle

Harley-Davidson Introduces Its First Electric Motorcycle

BUSINESS

  • Company seeking customer, dealer feedback
  • Innovation leading Harley out of economic downturn
  • Finding market for electric motorcycles a challenge

Harley-Davidson Motor Co. is introducing its first electric motorcycle, Project LiveWire, this month as the company increasing invests in innovation.

LiveWire is not yet available for sale. Instead, LiveWire will be beta tested. Harley will use the feedback to determine future marketability, and it might be several years before the model is available.

Read more »

Share

Follow

Browse our categories

Browse our archives

ReportLinker is an award-winning market research solution that finds, filters and organizes the latest industry data so you get all the market research you need - quickly, in one place.