Micron Technology, Inc. (NASDAQ:MU) announced a stronger fiscal first-quarter performance with profits worth $1 billion, at 84 cents per share, as against the $354 million or 30 cents per share profits recorded for the same quarter of the previous year. Excluding losses and other items, earnings is at 97 cents per share, up from 77…
Google Inc (GOOGL)’s Expanded “Google Express” Holiday Deliveries Threatens Amazon.com, Inc. (AMZN)
Google Inc (NASDAQ:GOOGL) has expanded the coverage of Google Express, the same-day holiday delivery service that the search giant has started initially last year, by including additional U.S. cities as well as adding more merchants selling their goods through the service. The company reports that Google Express has served consumers with 50 percent more in…
DISH Network Corp (DISH), Comcast Corporation (CMCSA)’s SportsNet Ends Dispute With New Carriage Deal
DISH Network Corp (NASDAQ:DISH)’s subscribers in the Bay Area, California, Chicago and Mid-Atlantic regions will continue to enjoy Comcast Corporation (NASDAQ:CMCSA)’s SportsNet feed asd the two companies have finally settled to ink a new multi year carriage deal after weeks of negotiations. The original carriage agreement have expired on December 2 this year. DISH Network…
Which Way Will Apple Inc (AAPL) Shares Go?
For shares of any company, there are only two path options namely bullish and bearish that could be taken and Apple Inc (NASDAQ:AAPL) is no exception to the rule. Given the bearish trend that the company’s shares have been following since October, 2014, investors are truly concerned as to the direction which the stock will…
RadioShack Corporation (RSH) Plunge in Deeper Financial Woes Pending Lenders’ Approval of Restructuring Plan
RadioShack Corporation (NYSE:RSH) is finding itself deeper in trouble as it has yet to gain the approval of its lenders on the planned closures of 1,100 stores in an effort to cut costs and possibly beef-up liquidity. The ailing electronics retailer has abandoned the original number of stores it has set its sight to close…
BP plc (ADR) (BP) Earmarks $1 Billion for Job Cuts
BP plc (ADR) (NYSE:BP) will be cutting thousands of jobs across all of its sectors, in a restructuring program that seeks to make the British oil and gas company more profitable amidst steep declines in oil prices. An amount of $1 billion is earmarked for the restructuring, and the company is also eyeing more cuts…
Bank of America Corp (BAC), Citigroup Inc (C) Prepares for Fourth Quarter Decline in Trading Revenue
Bank of America Corp (NYSE:BAC) and Citigroup Inc (NYSE:C) have predicted a decline in trading revenue for the fourth quarter, as per presentations from the two firms’ CEOs in an investor conference in New York on Tuesday. Bank of America Corp (NYSE:BAC) CEO Brian Moynihan had told investors at the said conference to expect lower…
Citigroup Inc (C) Bracing for $2.7 Billion Legal Expenditures in Fourth Quarter
Citigroup Inc (NYSE:C), the third largest bank in the U.S.. in terms of assets, is bracing for an additional $2.7 billion in legal charges in the fourth quarter, according to CEO Mike Corbat, at an announcement made during an investor conference in New York. Another $800 million allotted for retrenching workers and closing branches makes…
McDonald’s Corporation (MCD) Contends with Steep Sales Decline
McDonald’s Corporation (NYSE:MCD), the world’s largest fast food chain, announced on Monday that it is grappling with the worst decline in its global sales, way much lower than expected, and accordingly warned the decline will substantially hit fourth quarter margins. The company cited a health scare in China as among the factors that adversely affected…
Amazon.com, Inc. (AMZN) Boosting Sales With Aggressive Discounts
Amazon.com, Inc. (NASDAQ:AMZN) is aggressively pushing its sales in time for the holidays by luring customers with up to 65% discounts on its Cuisinart items. The black Cuisinart CPB-300 SmartPower 15-Piece Compact Portable Blending/Chopping System, which is originally listed with a price of $130 is now available for only $53.99, with customers getting a 58…