Articles by: Miroslav Marinoff

Time Inc’s shares fall the most in two weeks on Wednesday, magazine publisher cuts dividend as quarterly sales shrink

On May 10th Time Inc cut its dividend, as the company continued with a recently announced strategic plan involving reductions in spending and a focus on digital business, which followed the publisher’s decision not to sell itself. Time Incs shares registered their largest daily loss since April 28th during Wednesdays trading session. The stock went […] Read more

Wal-Mart shares close higher on Tuesday, company reported to be nearing bribery allegation settlement with the United States

According to sources with knowledge of the matter, cited by Bloomberg, Wal-Mart Stores Inc (WMT) is about to pay $300 million in order to settle a bribery probe, involving its employees in China, India and Mexico. The deal was in its final stage, the same media reported. Greg Hitt, a spokesperson for Wal-Mart, refused to […] Read more

Valeant shares gain the most in six months on Tuesday, company’s full-year adjusted EBITDA forecast revised up

Valeant Pharmaceuticals International Inc (VRX) revised up its full-year adjusted EBITDA projection to a range between $3.6 billion and $3.75 billion. In comparison, the companys EBITDA forecast in February had pointed to a range between $3.55 billion and $3.7 billion. Valeants US-listed shares registered their largest daily surge since November 1st 2016 during Tuesdays trading […] Read more

Goldman Sachs shares fall for the first time in six sessions on Monday, the group’s investment banking division to be co-headed by Nachmann, Lemkau

According to a May 8th internal memo by Goldman Sachs Group Inc, Gregg Lemkau, the bank’s M&A co-head, and Marc Nachmann, the bank’s financing group head, were appointed as co-heads of the group’s global investment banking division. A spokesperson for Goldman Sachs had acknowledged the details in the memo, Reuters reported. Goldman Sachs shares closed […] Read more

Apple shares close higher on Friday, tech giant to open new store in Singapore

Apple Inc (AAPL) was poised to open its first store in Singapore on the city state’s prime Orchard Road shopping boulevard, Reuters reported. The tech company has already expanded its presence in the Asian Pacific area, with its retail stores being located in Japan, China, Hong Kong, Australia and Macau. Apple shares registered their largest […] Read more

Alphabet shares gain for a ninth straight trading session on Thursday, 306 million euros to be paid for settling tax dispute with Italy

According to announcements by the Italian tax authority and Alphabet Inc (GOOGL), Google is to pay 306 million euros for settling a tax dispute with the South European country. In 2016, the Italian tax office claimed that Google had avoided tax on approximately EUR 1 billion of Italian revenue, generated within the period 2009-2013. Alphabet […] Read more

Starbucks shares gain for a fourth straight session on Thursday, loyalty rewards program at stores expanded

According to a May 4th statement by Starbucks Corporation (SBUX), the retailers loyalty rewards program at grocery stores is to include a wider range of products in an attempt to lure more customers in the United States. The decision comes after a customer backlash, when the coffee chain reviewed its existing rewards program in 2016. […] Read more