May 5, 2017 9:28 am
According to announcements by the Italian tax authority and Alphabet Inc (GOOGL), Google is to pay 306 million euros for settling a tax dispute with the South European country. In 2016, the Italian tax office claimed that Google had avoided tax on approximately EUR 1 billion of Italian revenue, generated within the period 2009-2013. Alphabet […]
Read moreMay 5, 2017 6:47 am
According to a May 4th statement by Starbucks Corporation (SBUX), the retailers loyalty rewards program at grocery stores is to include a wider range of products in an attempt to lure more customers in the United States. The decision comes after a customer backlash, when the coffee chain reviewed its existing rewards program in 2016. […]
Read moreMay 4, 2017 9:18 am
Another two inches of economy class legroom are to be cut in American Airlines new 737 MAX jets by Boeing. The new aircraft are expected in the fall of 2017, while they are to be put into service by the end of the year. American Airlines shares closed higher for a second consecutive trading session […]
Read moreMay 4, 2017 7:45 am
Time Warner Inc’s (TWX) quarterly earnings, reported on May 3rd, outstripped market expectations, driven by successful movies such as “The LEGO Batman Movie” and “Kong: Skull Island”. Time Warner shares closed lower on Wednesday, while also marking their fourth loss in the past five trading sessions. The stock edged down 0.28% ($0.28) to $99.05, after […]
Read moreMay 3, 2017 9:40 am
According to a May 2nd report by General Motors Company (GM), new vehicle sales in the United States dropped 6% to 244 406 units in April. On the other hand, sales of crossovers and trucks continued to increase during the month, which added to recent tendency among consumers to avoid cars in favor of bigger […]
Read moreMay 3, 2017 8:31 am
Pfizer Inc’s (PFE) quarterly revenue fell short of market expectations, as key drugs sales missed estimates as well. Pfizer shares closed lower for a second straight trading session on Tuesday. The stock went down 0.50% ($0.17) to $33.61, after touching an intraday low at $32.88, or a price level not seen since February 15th ($32.69). […]
Read moreMay 2, 2017 8:25 am
Compensation for Brian Cornell, Target Corporations (TGT) Chief Executive Officer, was sharply reduced, as the retailer did not meet last years financial objectives amid shrinking sales. Target shares closed lower for a second straight trading session on Monday. The stock edged down 0.14% ($0.08) to $55.77, with the intraday high and the intraday low being […]
Read moreMay 1, 2017 12:17 pm
At the Goldman Sachs annual meeting, held on April 28th, 93% of shareholders voted in favor of the compensation scheme for Chief Executive Officer Lloyd Blankfein. The meeting, on the other hand, saw no shareholder proposals to be voted on. In 2016, the banks “say on pay” resolution was supported by 66% of voters. Goldman […]
Read moreApril 30, 2017 9:34 am
According to an April 28th article by Consumer Reports, Tesla Motors Inc (TSLA) must finalize the fix of its Model S sedan emergency braking system, so that the company is able to re-obtain the magazines top safety rating. Tesla shares closed higher on Friday, while marking their fourth gain in the past six trading sessions. […]
Read moreApril 28, 2017 10:10 am
United Parcel Service Incs (UPS) quarterly earnings, reported on Thursday, outstripped market expectations, driven by higher revenue in domestic, international package delivery segments and the companys freight and supply chain operations. United Parcel shares closed higher for a seventh consecutive trading session on Thursday. The stock went up 1.12% ($1.21) to $108.83, after touching an […]
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