Currently, shopping malls across the US are contributing positively towards the US state and federal governments. With the advent of advanced retail shopping, the economy witnessed a boom, and it created several job opportunities as well as business competition, resulting in benefit for the consumers. The first ever shopping mall opened in Edina City of…
Expedia Shares Plunge As Stormy Weather Batters Results
Expedia Inc (NASDAQ:EXPE) shares plummeted sharply on Friday, losing 16% and have fallen by another 3% this morning after the online travel company reported its third-quarter earnings on Friday. Based on the data, the company posted a profit of $2.51 per share, below analysts’ estimates of $2.62 per share. The sharp decline in the stock was its most…
World Wrestling Entertainment Downgraded by FBN Securities After Torrid Run
World Wrestling Entertainment Inc (NYSE:WWE) had its stock downgraded by analysts at FBN Securities on Monday after they soared to a multi-year high following the company’s third-quarter earnings release last week. According to a research report issued by FBN, it lowered its rating on WWE’s shares to ‘Sector Perform’ from ‘Outperform’, citing the recent rally and…
Southwest Airlines Co (LUV) Swap Trade Exemption Worries Observers
Southwest Airlines Co (NYSE:LUV)’s 15-day exemption from derivatives trading transparency is raising concerns among regulators and stimulated arguments regarding the impact of such a move to the market. An exclusive report by Reuters cited an unnamed person familiar with the CFTC approval process as confirming that Southwest ‘s exemption from the rules, enabling the company…
Petroleo Brasileiro Petrobras SA (PBR) Risks Losing International Bond Funding Due to Corruption
Petroleo Brasileiro Petrobras SA (NYSE:PBR), the state controlled oil company of Brazil, is facing the risk of being left out of the capital markets even as the corruption probe currently besetting the company reveals that it is deeply entrenched in a wide corruption scandal. Reuters reports that an early repayment of bonds amounting to $11…
Verizon Retail Index Launched To Monitor Holiday Season Traffic Activity, NRF Predicts Slow Start For Shopping Season
Verizon Enterprises Solutions has launched Verizon Retail Index to analyze consumer retail spending and shopping activities. The index would be updated on a regular basis and as per the company’s official website, the data would help the company understand latest shopping trends. Verizon Retail Index will monitor online traffic patterns including average daily traffic along…
Apple Inc. (AAPL) Led To the Downgrade of Finish Economy, Says Finland PM
Technology has changed the way people do things. Economies have grown and production has become more efficient over the years. While this is a reason to smile, Finland has nothing to smile about. And it isn’t because of one of its companies, but before of the world maker of premium gadgets, Apple Inc. (NASDAQ:AAPL). No…
The Blackstone Group L.P. (BX) Confirmed to Lay Off Advisory Business Unit
The Blackstone Group L.P. (NYSE:BX)’s management announced yesterday that it would lay off its financial advisory services, reorganization and structuring of its advisory services along with its Park Hill Fund businesses and combine it with Paul J. Taubman’s PJT Partners. The firm is trying to focus over its alternative asset management business by spinning off…
S&P 500 Index (SPX) Fell 16 Points Amid Less Than Expected Housing Data Results
In what could be called as the worst fall for S&P 500 INDEX (INDEXCBOE:SPX) since August 5, the index lost 16.11 points after poor housing data results. At the same time, NASDAQ Composite (INDEXNASDAQ:.IXIC) fell 52.10 points to mark its worst day since July 31. The latest housing data raised doubts about the overall growth…
AT&T Inc. (T), Verizon Communications Inc. (VZ), and Exxon Mobil Corporation (XOM) Emerge Top on Corporate Spending
In a report released on Wednesday by Progressive Policy Institute (PPI), three companies, AT&T Inc. (NYSE:T), Verizon Communications Inc. (NYSE:VZ) and Exxon Mobil Corporation (NYSE:XOM), have been ranked as the top corporate spenders. An article by USAtoday indicates that AT&T Inc. (NYSE:T) spent $20.6 billion, topping the list for a third consecutive year. Verizon Communications…