McDonald’s Corporation (NYSE:MCD)’s operations in Russia will be heavily impacted by the falling ruble, which shed about 50 percent of its value since early 2014. The currency’s steep decline have catalyzed inflation, hurting consumers as much as it is causing a rise in the costs of expansion. The ruble has suffered both from the low…
American Airlines Group Inc (AAL) Reinforces Integration as the World’s Largest Airliner Gets Pilots’ Approval for Pay Raise Contract
It was an excellent week for the World’s largest airliner by passenger traffic, American Airlines Group Inc (NASDAQ:AAL), as its pilots approved new wage contract for the next five years. The Allied Pilots Association conducted election for the new contract with over 66 percent pilots supporting the new wage structure. American Airlines has hit a…
AT&T Inc. (T) Shines On Top in U.S. Airwaves Auction, DISH Network Corp (DISH) Remains Behind the Curtain Winner
AT&T Inc. (NYSE:T) surprised the whole market by spending up to half of the overall bidding auction amount at the U.S. mobile data airwaves sale. DISH Network Corp (NASDAQ:DISH) also managed to surprise the market by getting ahead of Verizon Communications Inc. (NYSE:VZ) in the auction. The second-largest telephone carrier service of the United States,…
Alibaba Group Holding Ltd (BABA) Convenes With China Regulator Over Fakes Scuffle
Alibaba Group Holding Ltd (NYSE:BABA) CEO Jack Ma met with the head of China’s State Administration for Industry and Commerce (SAIC) on the same day that the commerce regulator has publicly criticised the giant internet retailer for allegedly tolerating the proliferation of fake goods in its sites. The meeting, which was initiated by the SAIC…
McDonald’s Corporation (MCD)’s Shares Rise 5 Percent After Thompson Makes Way for New CEO, Easterbook
The shares of McDonald’s Corporation (NYSE:MCD) soared up to 5 percent after its CEO, Don Thompson, has left the chair after 25 years. Steve Easterbook would be the new CEO of the restaurant-chain company effective from March 1. It is important to consider that Easterbook has successfully improved revenue streams for the UK and European…
Visa Inc. (V) Posts Stronger Results on Higher Consumer Spending and Improving U.S. Job Market
Visa Inc (NYSE:V) reported on Thursday a stronger results for the quarter as e-commerce transactions, which is mainly card-based, proved to be “extraordinarily strong during the holiday season.” Total volume for Visa card transactions grew to $1.90 trillion from $1.84 trillion. Lower oil prices, along with a stronger U.S. job market, factored in higher consumer…
Netflix, Inc. (NFLX) Awaits FCC Ruling In New Net Neutrality Rules, Video Streaming Service Shines At SAG 2015 With 3 Awards
Netflix, Inc. (NASDAQ:NFLX), one of the leading video streaming services in the U.S., is awaiting new net neutrality rules from the Federal Communication Commission next month. The matter came under limelight when leading Internet Service Providers proposed Bandwidth limitations for video streaming services and additional fees for high bandwidth. It is important to consider that…
AT&T Inc. (T) Beat Market Expectations in Fourth Quarter 2014 Financial Results, Profit Margins Fall Amid Increasing Competition
The shares of AT&T Inc. (NYSE:T) were up 1.43 percent in the after-hours trade after the telecom company posted slightly better than expected fourth quarter 2014 financial results. The company reported growth in its subscribers along with shrinking profit margins because of higher competition from smaller rivals T-Mobile US Inc (NYSE:TMUS) and Sprint Corp (NYSE:S).…
AT&T Inc. (T) Acquires Nextel Operators After Iusacell to Compete With America Movil in Mexican Wireless Industry
In the latest spree of multinationals acquiring smaller rivals around the world, AT&T Inc. (NYSE:T) announced acquisition of NII Holdings, Inc.’s wireless business in Mexico. The American wireless company would undertake companies that fall under the brand name of Nextel Mexico including its network assets, spectrum licenses, retail stores, and up to 3 million of…
Amazon.com, Inc. (AMZN), Other Internet Retailers Stimulate Real Estate Surge in India
Amazon.com, Inc.(NASDAQ:AMZN) and its local rivals in the internet retailing business in India are contributing towards a real estate surge in the country as commercial activities from the industry drives growth in property leasing to accommodate retailers’ increasing needs for storage space. According to a report released by CBRE, a property consultant, India’s growing e-commerce…