Articles by: Miroslav Marinoff

Caterpillar shares close lower on Thursday, company seeks the assistance of ex-US attorney general over government investigation

In early March three of Caterpillars facilities in Illinois were searched by US law enforcement officials in an Internal Revenue Service investigation in regard to profits generated by Caterpillar SARL, a Swiss parts unit. In relation with the probe of Caterpillar Incs (CAT) import and export practices, the manufacturer was reported to have sought the […] Read more

GoPro shares gain the most in 11 months on Thursday, company to cut 270 jobs in an attempt to return to profit

On March 15th NASDAQ-listed camera maker GoPro said it intended to reduce its workforce by 270 in order to cut operating expenditures and return to profit. The positions affected are full-time jobs and openings. GoPro shares closed higher for a second straight trading session on Thursday, while also marking their largest daily surge since April […] Read more

General Motors shares gain a third straight session on Wednesday, auto maker to rehire 500 workers in Michigan poised to be laid off in May

According to a March 15th statement by General Motors Company (GM), 500 assembly plant workers in Michigan, who are expected to be laid off this May, will be rehired in 2018 due to sound demand for larger vehicles. Last week it was announced that 1 100 workers at the auto makers Lansing Delta Township plant […] Read more

Bank of America shares close lower on Wednesday, company shareholders to conduct another chairman vote

According to a March 15th proxy filing by Bank of America, the groups shareholders are expected to conduct another vote whether Brian Moynihan, Chairman and Chief Executive Officer, should continue occupying both positions. Bank of America shares closed lower on Wednesday, while also marking their steepest daily drop since March 6th. The stock went down […] Read more

Audi shares retreat 1% during Wednesday’s session, auto maker’s offices in Germany raided by prosecutors

According to a spokesperson for Audi AG (NSUG), the auto makers headquarters in Ingolstadt and factory in Neckarsulm are being searched by German prosecutors. Audi shares closed higher for a second straight trading session on Tuesday. The stock went up 0.31% (EUR 2.00) to EUR 642.00, with the intraday high and the intraday low being […] Read more

Gap shares close higher on Tuesday, Mark Breitbard appointed as Banana Republic chief executive

On March 14th Mark Breitbard was appointed as Chief Executive Officer of Gap Incs (GPS) Banana Republic unit, with the retailer seeking to renovate the brand amid weak sales. Breitbard, the former CEO of childrens apparel retailer Gymboree Corp, is to assume the new role at Gap in early May. He is to replace Andi […] Read more