The second-largest automaker in United States, Ford Motor Company (NYSE:F), is all set to start production of its best-selling vehicle, F-150 Truck. The new model features an aluminum intensive design and is likely to go on sale in December. The production is said to start at the Dearborn, Michigan assembly plant of the automaker and…
Alibaba Group Holding Ltd (BABA)’s Alipay Unit To Join Parent Company With IPO
With a current market cap of $285.82 billion, Alibaba Group Holding Ltd (NYSE:BABA)’s CEO is all set to stir the market again with the IPO of Alipay unit of the company. No timeline was declared for the same and Alipay is a unit of the financial arm of the company. Jack Ma, CEO of Alibaba…
General Motors Company (GM) Sanctions More Death Claims In Ignition Switch Compensation Program
Under the compensation fund started by General Motors Company (NYSE:GM) for accidents caused because of faulty ignition switches, the company has found two more eligible death claims along with four injuries claims. The compensation program started accepting claim applications on August 1, 2014. According to the recent reports, the claim program has received up to…
McDonald’s Corporation (MCD) Reports Lower Than Expected Comparable Same-Store Sale Drop In October But Still Challenged
In the highly competitive fast-food industry, McDonald’s Corporation (NYSE:MCD) reported lower than expected drop in its sales during October 2014. The world’s largest fast-food chain is facing stiff competition from other fast food chains including Chipotle Mexican Grill, Inc. (NYSE:CMG), Wendys Co (NASDAQ:WEN) and Burger King Worldwide Inc (NYSE:BKW). The drop in global comparable sales…
Researchers Detect Bug In Apple Inc. (AAPL)’s iOS Compromising Security Of Devices
A recent report has identified a bug in Apple Inc. (NASDAQ:AAPL)’s iOS, which makes it vulnerable to cyber attacks. Identified bug gives hackers access to sensitive information and personal details of the users. The iPhone maker is working to fix the bug and heighten the security of its devices. The details of vulnerability came forward…
Costco Wholesale Corporation (COST) Might Devolve Partnership With American Express Company (AXP) In U.S.
What might sound as another distressing news for American Express Company (NYSE:AXP), Costco Wholesale Corporation (NASDAQ:COST) might go for a new U.S. card issuer for its retail stores. Earlier, the retailer ended its partnership with the credit card issuer in its Canadian stores. According to the recent news, the retailer is looking for a new…
Time Warner Inc (TWX)’s Next Acquisition Target Likely To Be Australian Ten Network Holdings Limited (TEN)
After announcing an exciting third quarter 2014, Time Warner Inc (NYSE:TWX) is all set to explore foreign lands with a possible $588 million acquisition bid for Ten Network Holdings Limited (ASX:TEN). The shares of Ten Networks rose amid takeover speculation closing at A$0.27. According to the reports of Australian Financial Review, the U.S. media machine…
Transocean LTD (RIG) Takes Dual Hit With Low Crude Oil Prices And $2.8 Billion In Charges Write-Off In Third-Quarter 2014
It was a depressing quarterly result announcement for Transocean LTD (NYSE:RIG) considering the $2.76 billion impairment charges towards the 2010 Deepwater Horizon explosion. The oil company reported net loss of $2.217 billion attributable to controlling interest during the quarter. Transocean LTD (NYSE:RIG) reported its third quarter 2014 financial results with net revenues of $2.270 billion…
Cramer’s Favorite Basic Materials Picks: EOG Resources Inc (EOG), Kinder Morgan Inc (KMI), Dow Chemical Co (DOW)
EOG Resources Inc (NYSE:EOG), Kinder Morgan Inc (NYSE:KMI), Dow Chemical Co (NYSE:DOW) were the top three stock picks of Jim Cramer in basic material category and he mentioned each of these companies at least twice in the last 30 days. EOG Resources Inc (NYSE:EOG) was in Cramer’s bullish list in Mad Money show and he…
Cramer’s Favorite Tech Picks: Facebook Inc (FB), Google Inc (GOOGL), Yahoo! Inc. (YHOO)
Jim Cramer has always been a fan of technology companies and his latest tech stock picks include Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOGL), and Yahoo! Inc. (NASDAQ:YHOO). He has mentioned each of these stocks at least 3 times during the last 30 days. Facebook Inc (NASDAQ:FB) somewhat surprised as well as annoyed the investors with…