US Company Updates

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Updated: 9 weeks 3 days ago

Gap reports a fall in sales in the fifth straight quarter

Wed, 05/11/2016 - 03:03

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Clothing giant, Gap Inc has reported a fall in sales during the fifth straight quarter at a time when the company was expected to start recovery. The shares of the company also fell as it recorded a lwer than expected profits for the first quarter.

 

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Categories: United States

Square Reports Growth in Sales for the Fourth Quarter

Thu, 03/10/2016 - 08:05

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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.

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Categories: United States

Moody’s Announce a Pact with Calpers Over a 2009 Ratings Lawsuit for $130 Million

Thu, 03/10/2016 - 08:01

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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.

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Categories: United States

Staples Inc. and Office Depot Merger, Is that Still a Possibility?

Sat, 03/05/2016 - 08:53

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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.

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Chipotle will Shutter Restaurants on Monday for Four Hours for Food Safety Meeting

Mon, 02/08/2016 - 09:16

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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.

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Categories: United States

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