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Updated: 9 hours 18 min ago

21st Century Fox Lowers Full Year Earnings Guidance

Tue, 02/09/2016 - 08:31

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On Monday, 21st Century Fox Inc., one of the most well known cable, broadcast, film, pay TV company, lowered its full year earnings guidance saying that the reason behind it was a lineup of disappointing films and a bigger than expected thump that the company faced due to fluctuations in foreign currencies.

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Categories: United States

Dollar Takes a Hit as Growth Rate Slows in the U.S

Thu, 02/04/2016 - 08:28

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The dollar fell considerable as the US economy signaled at a slow growth. It dropped the most since the time when seven years back, the Federal Reserve made an announcement of staring its Treasury bond buying program.

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Categories: United States

Uber Drivers Protest Rate Cuts Outside the Company’s New York City Headquarters

Tue, 02/02/2016 - 08:01

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Uber makes news often, this time it did with its fare cuts. Uber drivers did not welcome the trimming in price and gathered on Monday to protest the move at the New York City headquarters. Their demands are either the company restores the prices or should be ready to face a backlash.

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Categories: United States

Barclays and Credit Suisse Agree to Pay Fines to Settle Allegations by SEC and NY State Authorities

Mon, 02/01/2016 - 08:28

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On Sunday, federal and New York state officials said that Barclays Plc and Credit Suisse Group AG have agreed to fines to settle allegations by U.S. Securities and Exchange Commission and the New York state authorities that the banks misled the investors regarding secured ways to manage their money on private trading platforms.

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Categories: United States

Oprah Winfrey Can Play a Big Role in Turning Around Weight Watchers with Her Weight Loss Statements

Wed, 01/27/2016 - 08:53

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A few words from a celebrity can do so much to the company shares, especially when it comes from the mouth of the media mogul Oprah Winfrey herself.

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Categories: United States

JPMorgan Chase Upgrading its ATMs to Allow Cash Withdrawal via Smartphones

Wed, 01/27/2016 - 08:42

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Soon the phone can be used as an alternative for the ATM card as it seems that devices are getting smarter fast.

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Categories: United States

JPMorgan Reported Record Profits Last Week; Says Its CEO was Paid $27Million in Fiscal 2015

Fri, 01/22/2016 - 07:54

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Last week, JPMorgan announced annual profits that that touched a record level and the company said on Thursday, that Jamie Dimon its CEO was paid $27 million in fiscal 2015 which is an increase from the $20 million paid the year before. JPMorgan's perked up results was attributed to cost-cutting. It helped to balance the slowing growth in revenue.

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Categories: United States

Viacom Inc. Cuts Down Executive Chairman’s Pay in Fiscal 2015

Thu, 01/21/2016 - 08:43

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Viacom Inc., the New York based global mass media company said that its Executive Chairman Sumner Redstone's compensation dropped eighty five percent in fiscal 2015. The company's shares are facing a tough time over the health issues of the ailing mogul.

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Categories: United States

IBM’s Profit Forecast for 2016 and Fourth Quarter Revenue Show the Company is Still Struggling

Wed, 01/20/2016 - 07:52

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IBM's 2016 profit forecast and the fourth-quarter revenue reflects that the company is still struggling to balance its shift to new technologies and has not been able to cope completely with the drop in demand for its conventional hardware, software and IT business.

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Categories: United States

Goldman Sachs Group Reached Tentative $5.1Billion Settlement in U.S Probe

Fri, 01/15/2016 - 06:57

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On Thursday, Goldman Sachs Group, the bank based in New York City said it has reached a close to $5.1 billion tentative settlement for a U. S. probe against the investment banks way of handling mortgage-backed securities prior to the national financial crisis.

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Categories: United States

G.E. Is Moving Its Fairfield Headquarters to Boston as a Push Towards the Digital Era

Thu, 01/14/2016 - 08:27

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General Electric, the American multinational conglomerate corporation is well known for the large things that it produces including locomotives, gas turbines and jet engines.

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Categories: United States

The U.S Job Market Hints a Steady Growth Although the Economy Loses Pace

Fri, 01/08/2016 - 07:40

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The job market is getting better in the United States.

Last week, the number of people filing for jobless benefits in the US dropped and there were less number of layoffs in the last month of the year.

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Categories: United States

Viacom Plan to Cut Down the Number of Adverts to Reverse Declining Ratings

Fri, 11/13/2015 - 08:27

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Viacom Inc, the New York City based broadcasting and media company said it will trim the number of TV advertisements aired through its channels in order to perk up the ratings. However, the move by the owner of popular channels like Nickelodeon, MTV and Comedy Central and has criticism which says the decision will affect ad prices by increasing them.

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Categories: United States

Without Providing Much Details Airbnb Pledges Transparency

Thu, 11/12/2015 - 09:04

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Although the relationship of Airbnb with some cities has been confrontational at times but the home rental service is making an effort to extend its olive branch. Airbnb posted a Community Compact which vows to carry on an improved relationship with the cities it operates in.

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Categories: United States

William A. Ackman Defends Pershing Square’s Losses in Valeant Investment

Tue, 11/10/2015 - 09:29

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William A. Ackman's Pershing Square Capital Management has not performed very well this year and for that the hedge fund has attracted snide remarks from the press.

On Monday, the Mr. Ackman, the billionaire investor used a conference call with the investors to get-back at the media and all those who according to him, enjoyed "betting against" him.

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Categories: United States

Reportedly Pfizer and Allergan Considering a Combination

Thu, 10/29/2015 - 08:25

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Reportedly, Pfizer Inc and Allergan Plc, the two drug makers are considering combining which may lead to the largest merger in the healthcare industry.

The report citing sources with knowledge of the matter said on Wednesday that, Pfizer recently approached Allergan, the maker of Botox regarding the deal.

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Categories: United States

French Bank, Crédit Agricole to Pay $787 Million for Settling U.S. Sanctions Case

Wed, 10/21/2015 - 09:34

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On Tuesday, Crédit Agricole SA, the French bank agreed to pay $787 million to settle the allegations from the U. S. authorities that it handled illegal transactions in connection to Sudan, Cuba, Iran and Myanmar. It is the most recent European lender which is caught up in an onslaught of cleaning spree, related to sanctions violations.

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Categories: United States

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