U.S. automakers reported big sales gains in September, and industry analysts say they expect continued growth for the rest of the year. The “Big 3” Detroit automakers all revved up sales last month, with G.M., Ford, and Chrysler reporting 20 percent, 9 percent, and 27 percent sales growth respectively. Curt […]
Other News
Uncertain outlook for HP after Autonomy acquisition
Technology giant Hewlett-Packard Co. closed a $12 billion deal to acquire British-based software company Autonomy Corp. on October 3, raising skepticism about the company’s direction and future. Autonomy provides services and technological capabilities in looking through unstructured data while HP specializes in technology hardware. “HP seems to go back and […]
U.S. consumer credit in September surpasses estimates
Financing for auto purchases and school loans led to a $7.4 billion increase in U.S. consumer credit in the month of September. Credit was initially predicted to rise by only $5.2 billion, according to a Bloomberg News survey. The increase followed a $9.7 billion decrease in August. Though financing rose […]
Foster’s approves SABMiller Takeover
Foster’s Lager, Australia’s largest brewer, accepted a $10.1 billion takeover Sept. 21 by SABMiller, the world’s second largest brewing company, just weeks after rejecting a smaller bid by the company. SABMiller, best known in the U.S. for its Miller brands and partnership with MolsonCoors, initially offered a $9.6 billion takeover […]
New jobs bill unlikely to pass
In early October, President Barack Obama made it clear that he wanted a vote on his new American Jobs Act by the end of the month. With the economy suffering and the unemployment rate holding steady at around nine percent, many agree that something must be done. John Shea, an […]
Unilever speaks to terpAMA about business, goals
Representatives from Unilever spoke to terpAMA Tuesday evening about its unique working environment and its sustainability goals for the future. “Our goal is to double the size of business while reducing our carbon footprint,” said Greg Will, a category management team leader at Unilever. Unilever’s top three […]
Business Golf Club’s sees great turnout for Range Invitational
More than 30 students spent Thursday evening honing golf skills and hitting some balls for free as the sun set over the University of Maryland golf course. The Business Club’s Range Invitational in an important event to the club, and had a great turn-out Thursday Sept. 29. Co-President […]
New Home Sales in the U.S. Dip to Six Month Low
The U.S housing market recently experienced the largest price drop in two years. New home sales dropped to a six month low in August, despite an upward trend in the preceding months. Figures for August show an annual home sales rate of 295,000, a 2.4 percent drop from 302,000 […]
New Maryland jerseys and ACC expansion highlight the business of college sports
This past month, the University of Maryland football team unveiled its new line of Under Armour uniforms and the Atlantic Coast Conference (ACC) added two more schools to the conference. The Terrapins debuted their new uniforms to a national audience during their season opener on Sept. 5 against the University […]
Investors look to gold as Europe economy worsens
As markets overseas continue to crumble and consumer confidence further deteriorates, investors have channeled their worries into gold for protection. The price of gold has risen steadily since early July, peaking on Wednesday at a record $1,578.55 per ounce. Michael Widmer, an analyst at Bank of America-Merrill Lynch, said that […]