Jack Dorsey has been juggling between Square and Twitter being the chief executive of both the companies. Square is a mobile-payments company that went public recently public and Twitter, the social network is looking for new users and is struggling for some time to keep the ld users with it.
On Wednesday, Moody's announced a pact with California Public Employee Retirement System in which the investor service will pay $130 million to settle claims for supposedly inflated ratings during the financial crisis era on residential- mortgage bond deals.
The prominent lawsuit which alleges crisis-era misconduct will be a record settlement for Moody's Investor's Service.
Staples, the office supply, furniture and equipment chain retailer has struggled for some time to perk up the revenues as demands decrease for conventional office requirements like filing cabinets and folders. Consumers now prefer to look for cheaper online deals which hurt the demands for conventional office goods.
The E. coli outbreak connected to Chipotle's outlets which began in the Northwest and quickly spread to a number of other states seems to be over now. Investigations were carried out by the authorities but the reasons of the outbreak still continue to be unknown.
Macy's Inc. suffered its worst holiday sales ever and the disappointed figures forced the retailer to say on Wednesday that it has plans of cutting jobs, relocating staff and exploring other options for its real estate to cut down on the cost. The retailer said it has plans of trimming approximately 4,800 jobs and shut down about forty stores.