Articles by: Miroslav Marinoff

Goldman Sachs shares gain a third straight session on Tuesday, COO Cohn parts ways with holding for a new appointment in Washington

Gary Cohn, former President and Chief Operating Officer at Goldman Sachs Group Inc (GS), received $85 million in cash and stock related payments, as he parted ways with the DJIA-featured bank holding to assume a new appointment in the Trump administration. Last month Cohn announced his leave from Goldman Sachs in order to assume the […] Read more

McDonald’s shares fall the most in three weeks on Monday, restaurant sales in the US drop for the first time in six quarters

The DJIA-featured McDonald’s Corporation (MCD) reported a decline in sales at its established restaurants in the United States for the first time in the past six quarters, as the chains all-day breakfast innovation faced fierce competition from supermarkets, convenience stores and other food sellers. McDonald’s shares registered their largest daily retreat since January 3rd on […] Read more

Goldman Sachs shares gain a second straight session on Monday, $1 billion countersuit filed against a businessperson from Indonesia

On January 24th the DJIA-featured Goldman Sachs Group Inc (GS) filed a $1 billion counter lawsuit against a businessperson from Indonesia, who accused the bank holding of conducting “unlawful” trades in a property firms stock. According to Goldmans statement, the counterclaim was filed in regard to “the reputational damage and negative business impact” the charges […] Read more

Procter & Gamble shares rise the most in 13 weeks on Friday, company’s quarterly net income and sales top market expectations

On January 20th the S&P 500-featured Procter & Gamble Company (PG) reported higher-than-anticipated quarterly sales and net income, citing stronger demand for its health care products. At the same time, P&G revised up its organic sales forecast in regard to fiscal year 2017. Procter & Gamble shares registered their largest daily surge since October 25th […] Read more

General Electric shares fall the most in 19 weeks on Friday, conglomerate’s net income increases, but total revenue shrinks

On January 20th the DJIA-featured General Electric Company (GE) reported a 35.4% increase in its fourth-quarter net income compared to the same period a year earlier, supported by a strong performance of its power and renewable energy divisions. However, the conglomerates total revenue for the period was reported to have shrunk 2.36%. General Electric shares […] Read more

American Express shares retreat the most in two weeks on Thursday, company’s quarterly profit falls short of expectations

On January 19th American Express Company (AXP) reported a lower-than-anticipated profit for the final quarter of 2016, due to higher marketing and promotion expenditures aimed at fending off rivalry. American Express shares registered the largest daily retreat since January 5th on Thursday. The stock went down 1.03% ($0.80) to $76.69, after climbing as high as […] Read more

Wells Fargo shares gain a second straight session on Thursday, holding’s international business to be merged with its wholesale banking unit

On January 19th Wells Fargo & Company (WFC) announced a merger between its international business and its wholesale banking unit. At the same time, Richard Yorke was appointed as Chief Operating Officer of the groups wholesale banking business. Wells Fargo shares closed higher for a second straight session on Thursday. The stock went up 0.57% […] Read more