CNBC, on Monday, 12th January, 2015, had in its studio none other than Brent Saunders, CEO of Actavis Plc (NYSE:ACT) and to his credit, he was forthcoming on a number of issues. Owing to having successfully sealed deals worth at least a $100 million over 2014, the CEO deservedly earned for himself the title of…
CENTCOM Twitter Inc (TWTR) Account Hacking Dismissed As ‘Cybervandalism’
At 12.30 pm EST, on Monday, 12th January, 2015, US Central Command (CENTCOM)’s account on Twitter Inc (NYSE:TWTR) began to display the name ‘CyberCaliphate’ against a black background followed by the slogan ‘i love you isis’ in white lettering. Signed by ISIS, synonymous with Islamic State, it also featured military documents believed to have been…
Burger King Worldwide Inc (BKW) Opens Fire at McDonald’s Corporation (MCD) in Chicken Nuggets War
Burger King Worldwide Inc (NYSE:BKW) is again selling its chicken nuggets for 15 cents a piece, in a sales promo where customers can buy 10 nuggets for the price of only $1.49, about 50 percent off the regular price of $2.99 The promo, which the Ontario, Canada-based burger restaurant chain has initially rolled out earlier…
Alibaba Group Holding Ltd (BABA) Considering $923 Million Joint Investment With a South Korean City: Report
Alibaba Group Holding Ltd (NYSE:BABA) is supposedly in the process of holding talks with the South Korean city of Incheon over a planned investment project worth about 1 trillion won, or $923 million, according to local media reports. The local daily Dong-A Ilbo initially reported the story on Monday, dubbing the proposed project as “Alibaba…
Du Pont De Nemours and Co (DD) Faces Nelson Peltz’s Ire
Du Pont De Nemours and Co (NYSE:DD) found itself facing the threat of proxy war on Thursday, 8th January, 2015, by none other than its largest shareholder, Nelson Peltz of Trian Management. For a company which has been successful in weathering several storms ever since it was established in 1802, this could prove to be…
Twitter Inc (TWTR)’s Sudden Spike Sparks Curiosity
After a fairly difficult 2014, Twitter Inc (NYSE:TWTR) augured 2015 with plenty of hopes and plans and much of this optimism stood vindicated when the stock registered a sharp rise of 2% during Friday’s trading session. ‘ClassCurious’ was how this increase was termed on CNBC and questions were posed to Aaron Kessler, senior analyst with…
Apple Inc. (AAPL) Tweaks App Prices Worldwide Relative to New Tax Rules and Fluctuating Currencies
Apple Inc. (NASDAQ:AAPL) is implementing price hikes in apps offered in its App Store for customers in Canada, the European Union, Norway, and Russia, in a move that seeks “adjustments in value-added tax (VAT) rates and foreign exchange rates.” App store customers from Iceland, however, will benefit from a price decrease. Apple Inc. (NASDAQ:AAPL) have notified…
Yahoo! Inc. (YHOO) Should Merge With AOL, Inc. (AOL), Starboard
Yahoo! Inc. (NASDAQ:YHOO) should reduce cost in a significant way in order to remain profitable, according to activist investor Starboard Value LP. In a letter sent to Yahoo President and CEO Marissa A. Mayer, Jeffrey C. Smith of Starboard urged the company to consider joining lots with AOL, Inc. (NYSE:AOL), saying that a properly structured…
General Motors Company (GM) Expects Flattening of U.S. Auto Market but Optimistic for Growth
General Motors Company (NYSE:GM) CEO Mary Barra said in a meeting with reporters Thursday that she is expecting the U.S. auto market to flatten out this year. She noted, however, that a combination of falling oil prices and strong economy should fuel demand. According to Barra, GM is expecting sales in the U.S. to be…
McDonald’s Corporation (MCD) Pursue Cost-Cutting, 63 Headquarters Staff Lose Jobs
McDonald’s Corporation (NYSE:MCD), which has been seeing its worst performance the past year, will reduce the number of workforce in its headquarters by 63, according to a report filed by the company with the state of Illinois in compliance with the U.S. Worker Adjustment and Retraining Notification Act. Heidi Barker Sa Shekhem, a McDonald’s spokeswoman,…