Articles by Patrick Burns

Alcoa, Inc. boasts strong earnings report

First quarter earnings season is beginning to roll around for many companies. Alcoa, Inc., a world-leading aluminum maker, is sitting pretty with a 59 percent rise in net profit. In numerical terms, it rose to $149 million/13 cents per share from $94 million/9 cents per share the quarter before. This impressive increase could be attributed…

Samsung continues to innovate with new phone

In a world where it seems phones can do almost anything, Samsung has just upped the ante with its latest Galaxy S4 smartphone.  In addition to the plethora of amazing features these devices can perform, the S4 offers impressive new abilities. Perhaps what it is most noted for is its screen, which can be controlled…

Merger between office supply stores confirmed

rger that initially leaked out as a mistake was deemed official shortly after. Office Depot had accidentally leaked news of the deal in an earnings report and quickly erased the announcement. Within a few hours, an official notice of the $1.19 billion dollar transaction was released. The office supply behemoths Office Max and Office Depot…

Under new management

One of America’s most loved brands recently became the target of a major acquisition this past Thursday. Warren Buffet’s Berkshire Hathaway joined forces with the Brazilian private equity firm 3G Capital to purchase Heinz. The deal is the latest of the trend of massive deals on Wall Street this month, with a total value of…

Feds block beer merger

Last summer, Anheuser-Busch InBev and Grupo Modelo SAB agreed to combine forces in the alcoholic beverage market. AB InBev had previously owned roughly 50 percent of Grupo Modelo’s shares and proposed to pay $20 billion for the remaining stake in the company. The deal, however, hit a major snag, as the U.S. government sued to…

CAT viewed favorably despite acquisition: Stellar fourth quarter encourages optimism

On Monday morning, the Dow Jones Industrial Average continued to climb in what began a six consecutive day gain.  The advance could be considered minor, but could largely be attributed to Caterpillar Inc., a blue chip construction and mining-equipment manufacturer. The major reasons that CAT performed so well lie within its fourth quarter. The firm…

Boeing working towards Dreamliner fix

Aviation buffs would consider Boeing’s latest airplane as something out of fantasy.  The 787 Dreamliner has features such as a futuristic cabin, unprecedented fuel efficiency and a body comprised of composite materials. Boeing’s creativity produced a revolutionary aircraft, but this innovation can become a double-edged sword. The mechanical problems that the 787 has experienced in…