Microsoft Corporation (NASDAQ:MSFT) has filed a lawsuit against the Internal Revenue Service in connection with the software corporation’s request for the U.S. revenue agency to release details of its contract with a law firm tasked with a Microsoft tax audit. A report by Reuters cites Microsoft as asserting that IRS has an obligation to be…
Wal-Mart Stores, Inc. (NYSE:WMT) Ready For Management Shuffling, Adds American Airlines Group Inc (NASDAQ:AAL)’s Former CEO To Its Board
Wal-Mart Stores, Inc. (NYSE:WMT) is up for some management changes as its chief merchandising officer is likely to leave the office and at the same time the retailer has added the previous CEO of American Airlines Group Inc (NASDAQ:AAL) to its board. The chief merchandising officer of Wal-Mart, Duncan Mac Naughton, is planning to leave…
Verizon Communications Inc. (VZ) Vie to Recapture Cord Cutters
Verizon Communications Inc. (NYSE:VZ) is vying to entice both cord cutters and cord nevers within its marketing clout with a package deal that boasts of one year free Netflix, on top of 50 mbps FiOS internet at $59.99, HBO, Showtime, and local TV channels. Other providers offer comparable packages in an effort to win customers,…
Visa Inc (V) May Need $10 Billion to Purchase Visa Europe
Visa Inc (NYSE:V), the leading payments company all over the world, may be needing an amount of up to $10 billion to acquire Visa Europe in case its owners decide to sell it. In a report by Bloomberg , it is indicated that the yearly regulatory filing of Visa Inc (NYSE:V) noted its plan to…
Facebook Inc (FB) To Challenge Niches of Google Inc (GOOGL), LinkedIn Corp (LNKD) & Other Work-Collaboration Sites Thru ‘Facebook at Work’
Facebook Inc (NASDAQ:FB) may have the dominant social networking site, but it isn’t content with having one, it also aims to conquer territories that other sites have already charted and established for themselves. In a report by the Financial Times, unnamed sources have said that Facebook is in the process of working on a website…
Google Inc (GOOGL) Is Under Risk Of Being Attacked By European Parliament
In a latest display of its rising concern for dominance of Google Inc (NASDAQ:GOOGL) in the world wide web, the European Parliament is likely to attack the search engine giant through a draft resolution aimed at “unbundling search engines from other commercial services”, according to a report on Friday by Reuters. The draft seen by…
American Airlines Group Inc (AAL) Looking For Major Layoffs As The Airline Shifts 50 Aircrafts To Regional Carriers
Envoy Air, subsidiary of American Airlines Group Inc (NASDAQ:AAL), is ready with a plan to transfer up to 50 aircrafts to different regional carriers starting in 2015. As a matter of fact this aircraft transfer program is likely to lead to some major job cuts. One of the primary reasons behind this strategic step is…
Halliburton Company (HAL) All Set To Acquire Baker Hughes Incorporated (BHI), Antitrust Hurdles Likely To Come Forth
Among the major oil processing companies in the United States, Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) have agreed to join hands. Halliburton has put up an offer of $35 billion in both cash and shares of the company. However, the merger is likely to raise some antitrust issues considering the large market share…
Alibaba Group Holding Ltd (NYSE:BABA) Backed by Top Global Investors
In public disclosures filed Friday, it is shown that Jack Ma’s e-commerce group Alibaba Group Holding Ltd (NYSE:BABA) boasts of the world’s finest investors in its list of stockholders. The company has made an initial public offering earlier in September 18 of this year. The initial public offering generated an amount of $35 billion for…
Macy’s, Inc. (M)’s Shares Rise Post Third Quarter 2014 Financial Results, Same-Store Sales To Rise In Holiday Season
The shares of Macy’s, Inc. (NYSE:M) witnessed multiple spikes after the retailer announced its third quarter results and the shares closed at $61.65 in the extended trading session. In addition to it, the retailer has forecasted better same-store sales in the holiday season. Macy’s announced its third quarter results with total sales of $6.19 billion…