Articles by: Miroslav Marinoff

General Motors shares gain for the first time in four sessions on Wednesday, company to pay $1 million to settle SEC accounting case

According to a January 18th statement by the US Securities and Exchange Commission (SEC), General Motors Company (GM) is expected to pay $1 million in order to settle an accounting case related to a defective ignition switch, that caused 124 deaths and 275 injuries. Charges stated that lax accounting control at GM had caused the […] Read more

Oracle shares close higher on Wednesday, Oracle America Inc charged with wage and hiring discrimination

Oracle America Inc, an Oracle Corporation unit, has been sued by the US Labor Department, as white male employees at the technological company systematically received larger payments compared to other worker groups, while, on the other hand, Asians were the most favored applicants in the recruiting process. In a complaint, filed with an administrative judge […] Read more

Target Corporation shares gain the most in two weeks on Tuesday, Q4 performance forecasts revised down as holiday sales disappoint

Target Corporation (TGT) revised down its forecasts regarding Q4 comparable store sales and earnings, while pointing out “softer-than-expected” holiday sales – a result of disappointing traffic and sales trends. According to the retailer, growth of toy sales was more than offset by lower sales of electronics, entertainment, essential products and food. Target Corporation shares gained […] Read more

United Air shares close lower on Tuesday, company’s net profit shrinks 40% in Q4

According to a January 17th report, United Continental Holdings Incs net profit shrank 39.8% during the final three months of 2016, while its passenger unit revenue dropped 1.6%. Actual figures were better than the companys initial guidance, as Novembers last-minute bookings and ticket yields registered an improvement. United Air shares closed lower on Tuesday, while […] Read more

Noble Energy shares close higher on Friday, company to acquire Clayton Williams Energy in a deal valued at $2.7 billion

According to a January 16th statement, Noble Energy Inc is to acquire rival company Clayton Williams Energy Inc in a cash-and-stock deal valued at $2.7 billion in order to expand its operations in the Permian Basin. The deal, which is to be closed in Q2 2017, encompasses 71 000 net acres in the core of […] Read more

Netflix shares gain the most in six weeks on Friday, investors await the company’s quarterly report on earnings

NASDAQ-listed Netflix stock logged an all-time high closing price on Friday last week, as investor confidence soared ahead of the release of the companys quarterly report on earnings. The release is scheduled on January 18th. Netflix shares registered their largest daily surge since December 6th on Friday, while also marking a second gain in the […] Read more

Morgan Stanley shares close higher on Friday, holding to pay $13 million in relation with customer over-billing

According to a January 13th statement by the US Securities and Exchange Commission (SEC), Morgan Stanley is expected to pay $13 million in relation with civil charges, after the holding company billed a number of wealth management customers more than it should due to billing system errors. Morgan Stanley also failed to comply with custody […] Read more