On his 85th day as the CEO of the company, Marcelo Claure of Sprint Corporation (NYSE:S) announced on Monday, 3rd November, 2014 that the company has taken a decision to lay off 2000 of its employees. Another crucial decision had been taken recently, meaning on Friday, 31st October, 2014. It pertained to appointing Junichi Miyakawa…
Petrobras SA (ADR) (PBR) Left with No Choice but to Follow Auditor’s Demands
At a time when most companies are busy filing their third quarter returns and bearing the outcome on their share prices, Brazilian oil-company Petrobras SA (ADR) (NYSE:PBR) is unable to do so owing to its auditing firm PriceWaterhouse Coopers. While PwC refused to comment on the issue on grounds of upholding client’s confidentiality, the state…
Testing Times for Lockheed Martin Corporation (LMT) As Regards F-35
‘Apprehensive’ is how the forthcoming weeks could be described as being for Lockheed Martin Corporation (NYSE:LMT) owing to its F-35 fighter jet due for being tested on USS aircraft carrier Nimitz. Scheduled to be held off the cost of San Diego, the reason underlying the test is to adjudge the suitability of the navy-based versions…
Apple Inc (AAPL) – To Bid or Not To Bid Adieu
Poised to touch $120, the question which is uppermost in every investor’s mind is whether to hold on to Apple Inc (NASDAQ:AAPL)’s stock or to collect all the profit and make an exit. Termed as ‘bye or buy’ on CNBC, the debate which ensued caused majority of experts on the panel to settle for ‘buy’…
Microsoft Corporation (MSFT) and Samsung Electronics Co Ltd (ADR) Engage In War of Words
Earlier in this year 2014, Microsoft Corporation (NASDAQ:MSFT) had filed a suit against Samsung Electronics claiming that not only did the South Korean manufacturer owe $6.9 million in form of damages to the tech giant but was also late in paying $1 billion which was meant as royalty. The vice-versa happened on Thursday when Samsung…
JPMorgan Chase & Co (JPM) Falls Victim to A Global Hacking Syndicate
JPMorgan Chase & Co (NYSE:JPM) is no exception when it comes to defending client’s confidentiality and erecting invincible walls of security, especially in this era of Internet banking. Therefore, any news pertaining to the website of a well known corporate giant having been hacked is obviously alarming and even raises serious concerns. What is even…
Amazon.com Inc (AMZN) or Wal-Mart Stores Inc (WMT) – Retails Worry and Shoppers Delight
Christmas being just two months away, are you going to shop for gifts at Wal-Mart Stores Inc (NYSE:WMT) or simply log on to Amazon.com Inc (NASDAQ:AMZN) and hunt through the latest offerings? Thanks to the growing trend of online shopping coupled with exceptional high temperatures during the month of October, most of the people have…
GoPro Inc (GPRO)’s Rising Triggers Dilemma Amongst Investors
Ever since its IPO in June, 2014, GoPro Inc (NASDAQ:GPRO)’s stock has been on a constant upward curve and its current position at $67 on Thursday, 30th October, 2014, was indeed a far cry from $24 per share at which it had opened. The latest hike was attributed to this quarter’s results which turned out…
Hewlett-Packard Company (HPQ) Set to Make a Mark through 3D-Printing Technology
75 years since its inception, Hewlett-Packard Company (NYSE:HPQ) is due to split into two independent entities this year and survival in such a situation is likely to be tough. It is with such a scenario in mind that the company has been engaged in exploring new technological frontiers that would provide it with the much…
How Does Yahoo! Inc (YHOO) Measure Sans Alibaba Group Holding Limited (BABA)?
Subsequent to Alibaba Group Holding Limited (NYSE:BABA)’s IPO in US on 19th September, 2014, the most pertinent question on everyone’s lips concerns Yahoo! Inc (NASDAQ:YHOO)’s future. A couple of days after the IPO, Yahoo lost out not only in terms of its share value but also faced deterioration in its core value. Several reasons had…