In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications…
Visa Inc (V), Mastercard Inc (MA) and American Express Company (AXP) Might Benefit From Apple Pay
The release of Apple Inc’s iPhone 6 variations on September 9th is expected to drastically change how people shop. This is because Apple Inc. released a new payment method called Apple Pay, which is expected to substantially reduce the use of plastic cards issued by Visa Inc (NYSE:V), Mastercard Inc (NYSE:MA), American Express Company (NYSE:AXP),…
Macy’s, Inc. (M), Best Buy Co Inc (BBY), and Time Warner Cable Inc (TWC) Ranked The Most Socially And Environmentally Responsible
Several retail firms have made their way into the FTSE4Good Index series of most socially and environmentally responsible entities. Macy’s, Inc. (NYSE:M), Best Buy Co Inc (NYSE:BBY), and Time Warner Cable Inc (NYSE:TWC) are among the leading companies. Macy’s, Inc. (NYSE:M) is a chain of departmental stores that sells an assortment of fashion products for…
Cramer Supports Bank of America Corp (BAC)’s Upgrade by Goldman Sachs Group Inc (GS)
Jim Cramer supported Goldman Sachs Group Inc (NYSE:GS)’s decision to upgrade the rating of Bank of America Corp (NYSE:BAC) in his CNBC show. Cramer agreed with Goldman Sachs’s assessment that the bank is finally over with its problems and it can certainly focus on its business. In his show, “Squawk on the Street”, Cramer said,…
CenturyLink, Inc. (CTL) Plans to Acquire Rackspace Hosting, Inc. (RAX) to Explore Cloud-Computing Possibilities
CenturyLink, Inc. (NYSE:CTL) is likely to enter the cloud-computing service industry by acquiring Rackspace Hosting, Inc. (NYSE:RAX). Rackspace Hosting, Inc. (NYSE:RAX) has a stock market value of $5.33 billion until last week. The acquisition will help CenturyLink, Inc. (NYSE:CTL) to compete against other web service providers including Amazon.com, Inc. (NASDAQ:AMZN). CenturyLink, Inc. (NYSE:CTL) is not…
Goldman Sachs Group Inc (GS) Ahead of Bank of America Corp (BAC) and Citigroup Inc (C) at Legal Fronts
Goldman Sachs Group Inc (NYSE:GS) is having an excellent year in terms of its legal battle wins. With other financial crisis accusers including Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) paying $16 billion and $7 billion in settlements, Goldman Sachs Group Inc (NYSE:GS) settled its lawsuits for $1.2 billion. Goldman Sachs Group Inc…
Starbucks Corporation (SBUX) Planning To Make A Difference With New Store Designs
Amid increasing competition from smaller brands and individual coffee centers, Starbucks Corporation (NASDAQ:SBUX) is planning some new store formats to attract customers. The company is planning two designs aiming different segments including a reserve coffee theme and an express store look for Manhattan centers. According to the CEO of Starbucks Corporation (NASDAQ:SBUX), Howard Schultz, “Everything…
Tesla Motors Inc (TSLA) Gets $1.3 Billion State Incentives For The New Plant
After competing with four other states in the race to get the first Tesla Motors Inc (NASDAQ:TSLA)’s first Gigafactory, Nevada is finally the first state to get the battery plant. The Governor of Nevada announced incentives of $1.3 billion along with some insights into the factory plants. As per the announcement made by Brian Sandoval,…
Electrolux AB (ADR) (ELUXY) Might Close General Electric Company (GE) Acquisition Deal for $2.5 billion
After giving hints about the potential acquisition of General Electric Company (NYSE:GE), Electrolux AB (ADR) (OTCMKTS:ELUXY) has finally come up with $2.5 billion potential deal. Both the companies are said to work on the final terms of the agreement, as reported by unknown sources. Earlier, General Electric Company (NYSE:GE) confirmed that it was negotiating the…
Bank of America Corp (BAC) Starts with Preferred Offerings Worth $3 Billion
After agreeing to pay penalties worth $16.7 billion for faulty mortgage practices, Bank of America Corp (NYSE:BAC) has started its efforts to put up the money with $3 billion worth of preferred offerings to the investors. Bank of America Corp (NYSE:BAC) offered perpetual shares worth $2 billion with a minimum repurchase period limit of 10…