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Indian Rupee trades neutral to positive

Stock Tracker - Wed, 04/22/2015 - 05:42
Forum: Stock Watch Posted By: sikhastock Post Time: 03-23-2015 at 01:01 PM

Ahead of Apple’s Announcement of Earnings Report Analysts Forecast the Success Rate

US Company News - Sat, 04/18/2015 - 12:06


On Monday, Apple plans to announce its earnings report. The analysts have started forecasting the success rate of the company already and mainly focuses on the chief financial metrics that will be determined mainly by sales of the iPhone 6 and iPhone 6 Plus devices of the company.

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ChemChina agrees to buy Italian Tire Maker Pirelli

US Company News - Mon, 03/23/2015 - 13:28


A Chinese state firm has agreed to buy the Italian tire maker Pirelli, renowned for its Formula One equipment and racy calendars.

Pirelli's largest shareholder Camfin said on Sunday that it has signed a deal with state-owned chemical giant ChemChina to create a long-term industrial partnership for the tire manufacturing firm.

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Starbucks “Race Together” Idea Initiated by CEO Gets a Mixed Reaction

US Company News - Thu, 03/19/2015 - 11:40


Howard Schultz the Chief Executive officer of the coffee chain Starbucks Corp has skilfully steered his way through controversial issues in the past. Now his chain aims to start discussions over the issue of race relations in the U. S, which of late has concocted a mixed reaction in the social media.

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Brent Callinicos Uber’s CFO Steps Down to Spend More Time with Family

US Company News - Tue, 03/17/2015 - 11:00


Brent Callinicos, the CFO of fast growing car sharing service Uber is leaving his post after working with company for two years.

According to Callinicos he is leaving his position at the company so that he can be with his wife and daughter for longer hours, spending time with them.

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Procter & Gamble to Discontinue About Hundred of Its Brands by Summer

US Company News - Sat, 02/21/2015 - 11:04


CEO of the personal care and house hold goods company Procter & Gamble, A. G. Lafley said that the by summer, the company plans to eliminate almost hundred of its brands.

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Transocean Announces the Departure of Its CEO

US Company News - Tue, 02/17/2015 - 10:07


On Monday, the CEO of Transocean Ltd. abruptly stepped down in a move which is being seen as another casualty resulting from the falling oil prices and also due to the wrong timing of the company's deep-water drilling expansion project.

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AIG’s Turnaround is Still an Ongoing Process

US Company News - Sat, 02/14/2015 - 10:23


American International Group Inc.(AIG) is making advancement in recovering its business in spite of a notable drop in its profit for the fourth quarter of 2014. However, the there is still a long way to go for the insurer has before its long turnaround for the year is complete, says analysts.

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Telsa’s Energy Storage Device May Be Unveiled in a Couple of Months Time

US Company News - Thu, 02/12/2015 - 12:15


Tesla Motors Inc., the car maker is well known for its Model S sedan that has gone all-electric. It is now using its technology of lithium-ion battery energy storage device to find the leading spot in the rapidly up-and-coming energy storage market which already supplements and in future may eventually pose a threat to the conventional electric grid.

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Alibaba to Invest US$590 Million to Props Up It’s Mobile OS

US Company News - Mon, 02/09/2015 - 11:34


Alibaba Group will be investing US$590 million in a venture with Meizu which is a smartphone maker from China. The smartphone company has been helping Alibaba to promote its very own mobile OS which is in completion with Google's Android.

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Weak Currencies Push Activision’s 2015 Revenue Outlook to Lower Levels

US Company News - Fri, 02/06/2015 - 11:08


On Thursday, Activision Blizzard Inc., the video game company said it that expected a lower figure of revenue as well as profit in 2015. The company partially blames the impact which it anticipates that the foreign-exchange markets will have on the earnings. The company is not alone in this, till now there have been other businesses that have expressed their concerns over the issue.

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Ford to Upgrade 500 Workers to a Higher Pay Bracket

US Company News - Wed, 02/04/2015 - 10:51


As Ford Motor Co. surpassed the limit of the maximum workers it can hire at a low wage, the company will be moving a few hundred of its hourly workers in the U. S. to a higher pay slab.

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NYSE has Started the Process of Delisting RadioShack Corp.

US Company News - Tue, 02/03/2015 - 11:09


The regulatory wing of the New York Stock Exchange is taking measures to delist shares of RadioShack Corp, the struggling consumer electronics company. It said that the stock exchange will suspend the trading of stock of RadioShack right away.

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Mattel Missed Analyst’s Expectation, Fires CEO

US Company News - Tue, 01/27/2015 - 12:24


On Monday, Bryan Stockton, the CEO of Mattel was fired following a 59 percent fall in the company's profits. For the last three years Stockton was the chairman and the CEO of the company.

The resignation of Stockton came on Monday as the initial number of sales signalled at another unsatisfactory holiday season for Mattel.

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Reports of Mass Layoffs Flatly Denied by IBM

US Company News - Tue, 01/27/2015 - 12:22


On Monday, IBM called a report "ridiculous" and "baseless" which said that the technology company is planning to lay off one fourth its working force, or nearly100,000 people.

Ian Colley, an IBM spokesman said that the company "flatly denies" the Forbes report.

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Wynn Everett Casino Design Have Alterations with More luxury rooms and Lesser Parking Space

US Company News - Fri, 01/23/2015 - 08:50


On Thursday, the regulators of the state gambling industry seemed to be supporting the new proposed design that will overhaul the look of the Wynn Resorts casino in Everett.

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