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.
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.
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.
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.
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.
Soon the phone can be used as an alternative for the ATM card as it seems that devices are getting smarter fast.
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.
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.
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.
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.
General Electric, the American multinational conglomerate corporation is well known for the large things that it produces including locomotives, gas turbines and jet engines.
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.
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.
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.
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.
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.
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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