March 28, 2017 9:44 am
According to a note by a Wall Street investment company, advertiser boycott at YouTube may deliver a $750 million hit to the parent firm, Alphabet Inc (GOOGL). YouTube could see a 7.5% drop in its annual revenue, which is expected to be $10.2 billion in 2017, analysts at Nomura Instinet stated in a note to […]
Read moreMarch 28, 2017 7:33 am
On March 27th NASDAQ-listed Facebook Inc (FB) introduced a new option for its Messenger app, which provides users with the opportunity of sharing their locations continuously for as long as 1 hour. The addition marks Facebooks response to competition with solutions offered by Apple Inc and Alphabet Inc. According to Stan Chudnovsky, head of product […]
Read moreMarch 27, 2017 9:25 am
On March 24th United Parcel Service Inc (UPS) was found liable by a federal judge for the illegal shipment of hundreds of thousands of cartons of untaxed cigarettes in New York. United Parcel shares closed lower for a second consecutive trading session on Friday. The stock went down 0.57% ($0.60) to $105.05, after touching an […]
Read moreMarch 27, 2017 7:37 am
AIG executives were reported to have held a meeting with analysts in an attempt to re-build trust in the companys turnaround plan amid lack of clarity regarding the successor to CEO Peter Hancock. AIG shares closed lower on Friday, while marking their sixth loss in the past seven trading sessions. The stock went down 0.75% […]
Read moreMarch 24, 2017 10:55 am
Ford Motor Company (F) projects to earn less per share during the first quarter and to generate a lower pretax profit this year, as it spends more on commodities, warranties and investments, while at the same time, sales volumes decrease. Ford shares closed lower on Thursday, while also marking their fourth loss in the past […]
Read moreMarch 24, 2017 8:58 am
According to a March 23rd statement by Walt Disney, the companys board decided to extend the term of Bob Iger, Chairman and Chief Executive Officer, by 1 year amid ongoing search for a successor. Igers contract was extended until July 2nd 2019. Previously he announced his intention to step down in April 2015, but later […]
Read moreMarch 23, 2017 10:15 am
Almost 17 000 AT&T employees in Nevada and California were reported to have gone on strike on March 22nd, while accusing the company of contract term violation. According to allegations, employees were forced to do work outside their field of expertise. As of January 31st, 268 000 persons had been employed with the communication service […]
Read moreMarch 23, 2017 8:58 am
Depositors at Wells Fargo & Company (WFC) will be able to process fund withdrawals at any branded ATM with the help of a smart phone, as the bank takes a step further towards digital solutions for its services. The smart phone technology is to be applied to all 13 000 ATMs of the holding across […]
Read moreMarch 22, 2017 10:07 am
According to a March 21st statement by Kevin Mansell, Kohl’s Chief Executive Officer, the operator of department stores has to “change faster”, so that it could respond to tough competition from both on-line and traditional retailers. Kohl’s shares closed lower for a second straight trading session on Tuesday. The stock went down 2.39% ($0.92) to […]
Read moreMarch 22, 2017 8:53 am
Nike Incs (NKE) revenue had fallen short of market expectations during the third quarter ended on February 28th, actual figures showed on Tuesday, with the worlds largest footwear producer facing fierce competition in North America from rival Adidas AG and a momentum-gaining Under Armour Inc. Nike shares registered their largest daily slump since March 3rd […]
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