Companies & CEOs
Leaked Twitter's Loss - 04/29/2015
Twitter Inc. is going through the difficult times. The CEO Dick Costolo and his new management team continue to convince investors that there are still ways to increase the number of users and increase profits. However, this runs counter to the company's earnings report for the second quarter. According to it, the company lost $ 162 million. On Tuesday, the company issued guidelines on sales in...
Regions bank fined for illegal overdraft charges - 04/29/2015
Illegal overdraft charges have got Regions Bank in a muddle as the Federal government has fined it for $7.5 million. The overdraft charges were levied without the permission of customers and hence, the fine. “We take the issue of overdraft fees very seriously and will be vigilant about making sure that consumers receive the protections they deserve,” Richard Cordray, the director of the...
Ford recalls vehicles in North America for third time this year - 04/28/2015
US-based car maker Ford Motor Company has announced that it is planning to recall 390,000 vehicles with a possible door latch glitch. The automaker will be calling back Ford Fiesta, Lincoln MKZ, and Fusion models in the US as well as Canada and Mexico. The Fusion and Lincoln models are from the 2013 and 2014 batches, whereas Fiestas are from the years 2012-2014. This is the latest recall of...
Apple's Profit Jumped 40% in the Second Quarter - 04/28/2015
American Apple Inc. in the second quarter of fiscal year 2015 recorded a record for this period (January-March) iPhone sales volumes, net income and earnings. Company's financial results were above Wall Street's expectations for the seventh consecutive quarter. Due to the strong results, Apple increased the return capital to shareholders programme by 50%: now the company intends to use a total of...
ESPN takes Verizon to court - 04/28/2015
Sports network ESPN is joining the slew of cable companies and channels that are suing Verizon for alleged breach of contract. The company has filed a lawsuit on Monday in New York Supreme Court, seeking damages related to the new leaner value bundle that Verizon plans to provide to its FiOS customers. According to reports in CNBC, ESPN wants to stop Verizon from “unfairly depriving” it of “the...
Cap Gemini to buy US-based IGate - 04/27/2015
French IT services company Cap Gemini has announced that it would buy US-based rival group IGate for $4 billion. The merger will provide Cap Gemini with complete access to North American market where IGate has a strong presence. Meanwhile, it would also enrich the coffers of IGate founders. With this acquisition, the IT services major is looking at a good quarter and has raised its 2015 sales...
Deutsche Bank to Cut Costs and Close 200 Branches - 04/27/2015
Deutsche Bank is going to place Postbank’s shares in the IPO and expects to completely separate this division by the end of 2016. The largest financial market participant in Germany Deutsche Bank is going to close 200 branches around the world by 2017, thereby reducing operational costs by 40 percent. It is reported by Deutsche Welle with reference to the official press release of the bank. There...
Statoil To Support Carbon Taxation While Arriving At Cost Reduction - 04/25/2015
The C.E.O of Statoil, a giant Norwegian oil company, Mr. Eldar Saetre, talks about his aims of reducing carbon emissions. He is for the carbon taxations. Furthermore, he strives to combine cost reduction with that of decreased carbon emissions. Thestrategist.com – 24 April 2015 – The Norwegian oil-company, Statoil, has appointed Eldar Saetre in the post of C.E.O, who has been the former C.F.O of...
Aitoro Airplanes Bags The First ‘Green Business Designation’ Award In The City - 04/25/2015
Norwalk’s Aitoro Airplanes receiving the first “Green Business Designation” award in the city, inspires the entire city to walk in the same footsteps creating more “environmental footprints”. Norwalk, Fairfield County, U.S. – 24 April 2015 – Chris Bosak, a staff writer of the hour, informs that Aitoro Airplanes has won the “Green Business Designation by Live Green CT”. The said company is the...
Xiaomi expects triple revenue this year - 04/25/2015
Chinese smartphone maker Xiaomi Corp. is expecting revenue to triple this year, thanks to games and payment apps. The company that has been selling its smartphones at competitive prices to penetrate a market skewed at more than 50% to Samsung and Apple, is looking at results of the long wait, according to an interview by Xiaomi’s founder and chief executive Lei Jun to the Wall Street...
