Company News

On Tuesday Disney Reported Mixed Third-Quarter Earnings

On Tuesday Disney Reported Mixed Third-Quarter Earnings

The Walt Disney Co. posted its third quarter earnings report which met the market expectations but the profits fell slightly short of the analysts' expectations. The company's shares dropped during the extended trading hours following the news. It also lowered its profit forecast for its cable TV arm.

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy Court for the Eastern District of Virginia

Alpha Natural Resources, Inc Files for Chapter 11 with United States Bankruptcy

It is not recent news that the U.S. coal industry is going through a distressing period with oversupply in the global market, low prices and increasing regulations from the governments stressing on lowering pollution.

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

HSBC Holdings Plc Agrees to Sell It’s Brazil unit to Bradesco for $5.2 Billion

On Monday, in a statement HSBC Holdings Plc said that it is selling its unprofitable Brazilian unit in a deal worth $5.2 billion to Banco Bradesco SA. The unit has given unsatisfactory performance for years.

Chairman Says the Boeing Company May have to Move Some Operations Overseas if Export Import Charter is not Extended

Chairman Says the Boeing Company May have to Move Some Operations Overseas if Ex

On Wednesday, W. James McNerney, the Boeing Company Chairman suggested in front of an audience that the aircraft maker may have to move some of its operations to other countries if the Export-Import Bank's charter is not extended, which expired on 30 June.

Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly A.G. Lafley to Pass Reigns of P&G CEO to David Taylor

Reportedly, Procter & Gamble's next CEO is going to be David Taylor. He will be succeeding A. G. Lafley the report mentioned citing sources close to the matter.

The report mentioned that the company is scheduled to hold a meeting on Tuesday and could announce Taylor as the company's new CEO by Thursday.

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