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Category Archives: Business 101

Lake Nona Partners with leAD Sports to Create First-Of-Its-Kind Accelerator in The United States

Orlando, Fla. –  Lake Nona, the award-winning, master-planned community in Orlando, Florida – one of America’s fastest-growing regions – announced today a partnership with leAD Sports, the premier sports venture ecosystem inspired by Adi Dassler, to create a new, cutting-edge accelerator designed to bolster technology start-up companies in Central Florida. This partnership marks the first time the…

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Demand for fast, online delivery drives UPS 3Q

DALLAS (AP) — UPS is doing booming business in next-day deliveries in the United States while keeping costs under control, but the weakening global economy is contributing to disappointing revenue growth. The delivery giant said Tuesday that third-quarter profit rose 16% to $1.75 billion. Revenue, however, fell short of Wall Street expectations. UPS also announced…

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McDonald’s comparable-store sales feed on deliveries

CHICAGO (AP) — Surging demand for delivery is pushing comparable-store sales higher at McDonald’s, but it’s coming at a cost. Quarterly earnings at the Chicago company were flat at $2.11 per share. Wall Street was looking for per-share earnings of $2.21, according to FactSet. The company’s shares were down 4% in premarket trading Tuesday. The…

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US stocks edge higher on company earnings; Biogen surges

NEW YORK (AP) — Stocks edged higher in early trading Tuesday following several positive earnings reports from U.S. companies, holding the S&P 500 above 3,000 and within range of its all-time high set on July 26. The latest earnings were surprisingly good, though a few large companies gave investors disappointing results and tempered the market’s…

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High prices drove US home sales down 2.2% in September

WASHINGTON (AP) — U.S. home sales fell 2.2% in September, as rising home prices and lower inventories have stifled homebuyers. The National Association of Realtors said Tuesday that homes sold last month declined at a seasonally adjusted annualized rate of 5.38 million units, ending two months of sales gains. Existing-home sales are up 3.9% from…

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