Company News

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.

Even with Lower Sales, Coca-Cola’s Profit Increases

Even with Lower Sales, Coca-Cola’s Profit Increases

In the quarter that ended on July 3, Coca Cola Company's earnings increased nineteen percent with 71 cents per share or to $3.1 billion compared to same quarter last year's $2.6 billion. All this happened even with a three percent drop in the company's sales. Sales slid from$12.6 billion to $12.2 billion from last year.

Reports say Arrests Related to Stocks and Bitcoin Fraud Connected to Last Year’s JPMorgan Data Hack

Reports say Arrests Related to Stocks and Bitcoin Fraud Connected to Last Year’s

On Tuesday, the US and Israeli authorities in two separate incidents arrested four men for fraud schemes. Sources say that these also link to the data breach that struck JPMorgan Chase last year.

However, the court documents for either of the cases did not link them to the stealing of confidential details of the bank's customers who numbered in millions.

State Owned Tsinghua Unigroup of China Discussing a Plan to Acquire U.S Chipmaker Micron for $23 Billion

State Owned Tsinghua Unigroup of China Discussing a Plan to Acquire U.S Chipmake

Tsinghua Unigroup, the company owned by the state is considering approaching Micron, the US chipmaker for an acquisition deal. In case it plans to go ahead, it will be the biggest bid from a Chinese company for a U.S business.

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