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News & Updates

July 17, 2015 Citigroup 2nd-quarter profit bounces back to $4.57 billion

Source: Democrat Gazette

NEW YORK -- Citigroup's profits rebounded in the second quarter from the same period a year ago, when the bank recorded a multibillion-dollar legal settlement with regulators

July 17, 2015 Amazon says Prime Day orders beat last year's Black Friday

Source: Zee News Inc said customers ordered 34.4 million items worldwide during its highly publicised Prime Day sale, breaking the record set by last year`s Black Friday sale.

July 17, 2015 Dynasty: The Lee family just cemented its grip on Samsung - text/video

Source: CNN Money

Shareholders gave the green light Friday to a merger between two Samsung affiliates that will help ailing chairman Lee Kun-hee pass control of the conglomerate to his son.

July 16, 2015 Bank Of America Beats Wall Street Forecasts As Expenses Fall To 2008 Levels

Source: Forbes

On Wednesday morning, Bank of America reported better-than-forecast $22.3 billion in second quarter revenue and 45-cents in earnings per share, exceeding consensus forecasts of $21.4 billion in revenue and 36-cents in EPS. Bank...

July 16, 2015 Weedkiller suspected of causing cancer deemed 'safe'

Source: The Guardian

A best-selling herbicide that the World Health Organisation suspects causes cancer could get a new lease of life in Europe after being deemed safe by a key assessment based largely on classified industry reports.

July 15, 2015 One-day sales aim to reignite retail

Source: LA Times

Two battle-tested retail behemoths are squaring off Wednesday with competing one-day sales online as they try to lure shoppers, who have been keeping a tight fist on their pocketbooks..

July 15, 2015 JPMorgan profit beats estimates as tax bill and expenses fall

Source: Financial Express

JPMorgan Chase & Co, kicking off the second-quarter earnings season for U.S. banks, reported a stronger-than-expected rise in profit on Tuesday, helped by a drop in legal and restructuring expenses and a smaller tax bill.

July 15, 2015 Toshiba CEO is expected to resign over 'accounting irregularities'

Source: Business Isider

TOKYO - Toshiba Chief Executive Hisao Tanaka will step down in September along with other board members including Vice Chairman Norio Sasaki to take responsibility for accounting irregularities, sources familiar with the matter...

July 14, 2015 With new CEO, Walgreens faces unique governance issues

Source: Chicago Tribune

Stefano Pessina, Walgreens Boots Alliance's chief executive officer, is also the company's largest shareholder, which raises unusual corporate governance issues, experts said..

July 13, 2015 BP braced for billions of dollars more in Deepwater payments


BP is still facing a threat of billions of dollars more in compensation payments for its 2010 oil spill in the Gulf of Mexico, even after the $18.7bn settlement last week that resolved all actions against the company from...

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