Company News

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.

Chase Carey Stepping Down as Fox’s CEO

Chase Carey Stepping Down as Fox’s CEO

Chase Carey who has been the main deal maker for Fox network for almost three decades is now stepping down from his position as CEO of the company.

A strategy that fetched Mr. Carey his big name in his long career was big betting on football which reaped great dividends for Fox over the years.

Colt the Iconic Gunmaker Filed for Chapter 11 Bankruptcy Protection to Stay Afloat

Colt the Iconic Gunmaker Filed for Chapter 11 Bankruptcy Protection to Stay Aflo

Late on Sunday, Colt, the well known gun manufacturer said that it is filing for bankruptcy protection in order to stay afloat. Drop in sales and increasing competition forced Colt to take the decision.

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