Citigroup Inc (NYSE:C) will close down LavaFlow, an alternative trading platform also known as electronic communications network (ECN). An exclusive report by Reuters divulged of the bank’s decision to re-align capital. efforts, and resources from LavaFlow ECN towards other units in Citi’s Equities Division. LavaFlow ECN, currently one of the largest trading platforms within Wall…
Amazon.com Inc. (AMZN) Still a Startup: Bezos
Amazon.com, Inc. (NASDAQ:AMZN) is still a startup with a lot of volatility as such, according to its CEO Jeff Bezos, in a statement made Tuesday in a New York conference sponsored by The Business Insider blog. Making the comments after Amazon received a downgrade to “negative” from Moody’s, Bezos went on to defend Amazon’s culture…
Wal-Mart Stores Inc (WMT) Protests – Genuine Concern or Staged Demonstration?
Although Friday, 28th November, 2014, was officially declared as Black Friday – the day that avid American shoppers look forward to, for Wal-Mart Stores Inc (NYSE:WMT) it was truly a black day in history. It marked the day when thousands of this global retail chain’s employees took to streets to protest against low wages which…
Apple Inc (NASDAQ:AAPL) Shares Take an Unprecedented Plunge
Given a choice, Apple Inc (NASDAQ:AAPL) would probably label Monday, 1st December, 2014, as being a dark one for the company and for good reason too. The company experienced the biggest drop in its share value, the first to occur over the last three months and the reason is cited as being unusually high selling.…
Procter & Gamble Co (PG) Announces Plans to Dispose Its Wella Hair-Care Outfit
In a bid to continue the streamlining process which it had put into motion in August, 2014, Procter & Gamble Co (NYSE:PG) made an announcement recently pertaining to its intention of disposing Wella, its hair-care unit. To this effect, the company is acquiring guidance from Goldman Sachs as to how to go about the process…
Google Inc (GOOGL) an Object of Persecution for European Parliament
In a vote that was more symbolic than legal, the European Parliament passed a resolution towards break-up of Google Inc (NASDAQ:GOOGL) thanks to having received a majority 384 votes as against 174 which were against, 56 members having abstained from participating in the process. Although it is just an expression of opinion which need not…
General Electric Company (GE) Finance Unit to Comply with Tougher Fed Standards
General Electric Company (NYSE:GE)’s finance unit (General Electric Capital Corporation) will be required by the U.S. Federal Reserve to comply with a new, more stringent standards on capitalization, as per proposed plans announced by the Fed on Tuesday. The new standard to be imposed on General Electric Capital Corporation (GECC) is designed to ensure stability of…
Visa Inc (V) Facing Lawsuit From Discover Financial Services (DFS) Over Its Debit-Card Policies
Visa Inc (NYSE:V), the world’s largest card issuer, is facing legal challenge from Discover Financial Services (NYSE:DFS) over its anti-competitive debit card practices. The debit card network company is seeking settlements for loss of profits caused by Visa’s debit-card practices. According to the lawsuit filed by Discover Financial Services, Visa is “undertaking illegal behavior to…
Is Twitter Inc (TWTR)’s Ploy of Going Private Going to Work?
Should Twitter Inc (NYSE:TWTR) be going private and if yes, what is the logic underlying such a move? This was the big question on CNBC and when it was put to Herb Greenberg, a regular contributor on the channel, he opined that the micro-blogging site was much better off if it went private rather than…
Microsoft Corporation (MSFT) Slapped With $140 Million Fine for Tax Evasion in China
Microsoft Corporation (NASDAQ:MSFT), is set to pay China an amount of approximately $140 million (840 million yuan) covering back taxes plus interest, and the software company was also hit with a requirement to make additional payments of more than $100 million yuan in future annual taxes. In an email to Reuters, an unnamed spokesman for…