With the option of Apple Pay now available from Monday, 20th October, 2014, onward, the debate is on as to whether this new facility provided by Apple Inc (NASDAQ:AAPL) is here to stay. More importantly, is it so user friendly and convenient that existing iPhone 6 users will replace their credit cards with it or…
Microsoft Corporation (MSFT) CEO Satya Nadella Discusses Cloud and Workplace Equality
Monday, 20th October, 2014, was the day when Microsoft Corporation (NASDAQ:MSFT) CEO Satya Nadella appeared for an interview for the first time on CNBC since having donned the CEO’s mantle for the global technological giant, the interviewer being Jon Fortt. There were a number of issues which he touched upon and primary in the discussion…
Starbucks Corporation (SBUX) Introduces an Innovative Brew – Latte & Mobile App
As the world gears up to herald 2015 with all the innovative promises that it is expected to bring, Starbucks Corporation (NASDAQ:SBUX) has thought of ushering it in with a technological brew, namely enabling customers to place an order for their favorite latte on their smartphones. Therefore, rather than stand in long queues outside the…
Netflix Inc (NFLX) – Cuban or Lamensdorf Way?
Ever since the commencement of bearish phase of the US stock market, there have been several conflicting opinions but one company which has been attracting a lot of attention is Netflix Inc (NASDAQ:NFLX). While on CNBC, there were conflicting views from in-house market experts as regards the investment potential of the company, the debate has…
Wal-Mart Stores, Inc. (WMT) Forecasts 2-3% Growth, Tries to Increase The Efficiency Of Services
Wal-Mart Stores, Inc. (NYSE:WMT) is among the stores that have felt the economic heat and have reduced their 2014 revenue guidance. The U.S. largest retailer on Wednesday told investors that it expects 2014 sales revenue to fall between $482.6 billion and $487.3 billion, citing tougher sales environment. The company said that it forecasts a 2-3%…
American Express Company (AXP) Is Observing Acceleration In Its Volumes, Reported 8% Increase in Third Quarter Profit
American Express Company (NYSE:AXP) has posted 8.1% rise in its 2014 third quarter profit, compared to last year. The profit is attributed to higher spending by card holders during the period, something attributed to a stronger U.S. economy. The company reported a net profit of $1.48 billion, or $1.40 per share, beating the $1.37 billion,…
Citigroup Inc (C) Is Planning To Focus On U.S. Market And Stop Consumer Banking Operations In 11 Countries
Citigroup Inc (NYSE:C) started off a study in 2012 to streamline its activities and to identify markets that aren’t posting acceptable profits compared to costs. The research had led to the introduction of several standardized accounting procedures and measures to cut down on costs. Now, the company has announced a decision to pull out of…
JPMorgan Chase & Co. (JPM) Misses Profits Margins in Third Quarter 2014 Financial Results, Legal Expenses to Blame
JPMorgan Chase & Co. (NYSE:JPM) reported its third quarter 2014 financial results with less than expected profit margins. As per the disclosures, legal expenses are pinned responsible for lower profit margins amounting to $1 billion during the quarter. The biggest U.S. bank reported net revenues of $25.2 billion along with net income of $5.6 billion…
Deutsche Telekom AG (DTE) Changes Its Decision to Sell T-Mobile US Inc (TMUS) and Decides To Wait
It already became apparent from Deutsche Telekom AG (ETR:DTE) that it was reluctant to sell its 67% stake in T-Mobile US Inc (NYSE:TMUS). This is after spurning off several propositions from different suitors. The French upstart company Iliad SA (EPA:ILD) had made about two bids that were all rejected before making a more improved bid…
Doral Financial Corp. (DRL) Headed Up Post $229 Million Tax Refund Win Against Puerto Rico Government
The shares of Doral Financial Corp. (NYSE:DRL) rose up to 27.60% after winning a tax refund claim against the Puerto Rico’s Department of Treasury. The treasury department would be liable to refund $229 million over the next five years. Doral Financial Corp witnessed an elevated trading session with nearly 1,624,350 shares exchanged during the day’s…