NYC Mayor Asks Wealthy New Yorkers To Pay More Taxes
New York City Mayor Bill de Blasio has proposed a new tax on wealthy New Yorkers to fund the repairs for the city’s crumbling subway. The plan will also support
View ArticleIntel beats Q2 2017 estimates, raises FY17 outlook
The stock of chip maker Intel Corp (NASDAQ: INTC) is just about 6% below the 12-month high of $38.45. The stock has gained about 1.5% in the past one week,
View ArticleSempra Energy Acquires Oncor For $9.45 Billion
U.S. Utility Firm Sempra Energy recently announced the acquisition of Oncor Electric Delivery Co, a Texas power distributor for $9.45 billion, beating out a bid by Warren Buffett’s Berkshire Hathaway
View ArticleBHP swings to FY17 profit, to divest shale properties
The stock of BHP Billiton Ltd (NYSE: BHP), the world’s largest miner by market capitalization, recorded a new yearly high of $44.24 on the 1st of September, after the company
View ArticleVisa turns bearish on Equifax data breach
Credit card issuer, Visa Inc. (NYSE: V) reported better than anticipated fiscal 2017 second-quarter results in July. The company also raised its full-year 2017 estimates. The impressive results had...
View ArticleNike reports 24% y-o-y decline in Q1 2018 earnings
Apparel and footwear manufacturer Nike Inc (NYSE: NKE) reported mixed fiscal 2018 first-quarter results, last Wednesday. While the revenues failed to beat estimates, the adjusted earnings surpassed...
View ArticleInvestment banking rescues Goldman Sachs in Q3 2017
The global investment banking giant Goldman Sachs Group (NYSE: GS) reported a better-than-anticipated fiscal 2017 third-quarter results on Tuesday. Goldman Sachs also managed to beat fixed-income,...
View ArticleNovartis beats Q3 2017 estimate, reaffirms FY17 sales view
Pharmaceutical company Novartis AG (NYSE: NVS) reported a 2% y-o-y increase in net sales in the third-quarter of fiscal 2017. The company also recorded a 7% jump in Q3 2017
View ArticleDeutsche Bank Q3 profits more than double to €649 million
Deutsche Bank AG (DBK-DE: XETRA), the fourth-largest bank in Germany, surprised the market by reporting fiscal 2017 third-quarter profit that more-than doubled from last year. The earnings also crushed...
View ArticleToyota tops Q2 2018 profit view on rising demand for RAV4
Due to weaker Yen and successful implementation of a new manufacturing process that saved ¥100 billion ($879 million) in the past six months, Japan’s largest automaker Toyota Motor Corporation (NYSE:
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