Articles by: Miroslav Marinoff

AT&T shares fall the most in a month on Wednesday, 17 000 workers in Nevada and California take part in a walk-out

Almost 17 000 AT&T employees in Nevada and California were reported to have gone on strike on March 22nd, while accusing the company of contract term violation. According to allegations, employees were forced to do work outside their field of expertise. As of January 31st, 268 000 persons had been employed with the communication service […] Read more

Wells Fargo shares retreat a fourth straight session on Wednesday, holding launches cardless ATMs in the US

Depositors at Wells Fargo & Company (WFC) will be able to process fund withdrawals at any branded ATM with the help of a smart phone, as the bank takes a step further towards digital solutions for its services. The smart phone technology is to be applied to all 13 000 ATMs of the holding across […] Read more

Kohl’s shares fall a second straight session on Tuesday, a “faster change” seen as crucial by the company’s CEO

According to a March 21st statement by Kevin Mansell, Kohl’s Chief Executive Officer, the operator of department stores has to “change faster”, so that it could respond to tough competition from both on-line and traditional retailers. Kohl’s shares closed lower for a second straight trading session on Tuesday. The stock went down 2.39% ($0.92) to […] Read more

Nike shares retreat the most in two weeks on Tuesday, company’s quarterly revenue falls short of expectations

Nike Incs (NKE) revenue had fallen short of market expectations during the third quarter ended on February 28th, actual figures showed on Tuesday, with the worlds largest footwear producer facing fierce competition in North America from rival Adidas AG and a momentum-gaining Under Armour Inc. Nike shares registered their largest daily slump since March 3rd […] Read more

Wells Fargo shares retreat the most in two months on Monday, applications for credit cards at the bank decrease in February

According to a March 20th statement by Wells Fargo & Company (WFC) new checking accounts and credit card requests at the bank decreased in February, with the latter being the sixth consecutive month of decline. Wells Fargo shares registered their largest daily slump since January 17th on Monday, while also marking a second straight session […] Read more

Wal-Mart shares close higher on Monday, retailer to launch investment arm in an attempt to expand e-commerce presence

According to a March 20th statement by Wal-Mart Stores Inc (WMT), the retailer is to launch an investment arm in cooperation with retail start-ups, venture capitalists and entrepreneurs in order to boost its e-commerce presence. Marc Lore, the executive of Wal-Marts e-commerce operations and also a former executive of on-line retailer Jet.com, is to head […] Read more

Lockheed Martin shares gain the most in seven weeks on Friday, Germany to purchase six C-130J aircraft

According to Reuters, citing government documents, Germany intends to purchase six C-130J military transport planes from Lockheed Martin Corporation (LMT) at an approximate value of EUR 900 million under a joint agreement with France. The German government is to formally request procurement of the jets in 2019. At the same time, France has already submitted […] Read more