Articles by: Miroslav Marinoff

Wells Fargo shares gain a fourth day on Thursday, four directors to be appointed for sales scandal investigation

According to a person with knowledge on the matter, Stephen Sanger, Wells Fargo Chairman, and Elizabeth Duke, the companys Vice Chair, have been appointed to a four-member committee, which will be in charge of internal investigation in regard to the bank holdings recent sales scandal. The person familiar with the matter requested to remain anonymous, […] Read more

US Steel shares rise a fourth day on Wednesday, company to restore 10 000 jobs in the United States

The NYSE-listed United States Steel Corporation (X) may be looking to restore 10 000 job positions in the United States, according to the companys CEO Mario Longhi. However, in an interview with CNBC he did not specify any time frame for potential additions. United States Steel shares closed higher for a fourth consecutive trading session […] Read more

Chevron shares gain the most in five days on Wednesday, company to reduce spending for a fourth straight year in 2017

The NYSE-listed oil and gas major, Chevron Corporation (CVX), revealed on Wednesday its $19.8-billion capital and exploratory investment program regarding 2017. The figure represented a 42% reduction compared to the companys expenditures in 2015. Chevron shares closed higher during Wednesdays trading session, while marking their best daily performance since December 1st. The stock surged 1.49% […] Read more

Apple shares gain the most in two weeks on Tuesday, tech giant claims iPhone 6 battery fires in China result from external factors

The NASDAQ-listed technological giant, Apple Inc. (AAPL), claimed that the incidents involving iPhone 6 battery fires in China, which were featured in a detailed domestic consumer protection report, originated from external factors. According to the Shanghai Consumer Councils report, published last Friday, such issues were observed in eight iPhone 6 handsets. The latter were reported […] Read more