The financial worries of Sears Holdings Corp (NASDAQ:SHLD) are far from being over and considering its shaky financial standing, banks as well as insurers have raised payment guarantee costs for the vendors making it difficult for vendors to conclude business ahead of the holiday season. One of the primary reasons for these precautionary announcements is…
FedEx Corporation (FDX)’s Drivers Won Legal Ruling in Kansas Top Court Stating Them As Employees
FedEx Corporation (NYSE:FDX) might be due for some employee-associated costs for their fleet of drivers as the drivers have won a ruling in Kansas stating them as employees rather than independent contractors. This is an important legal victory for the drivers as the consolidated lead case has over 21 different lawsuits concerning overtime and unpaid…
RadioShack Corporation (RSH) Finds $535 Million Short Term Solution to Its Financial Troubles
RadioShack Corporation (NYSE:RSH) has had huge financial troubles this year, losing up to 60% of its value in the market. The company at some point this even went as far as reporting that if it didn’t find alternative sources of funds to boost its activities, it would have not otherwise but to resort to bankruptcy.…
The New York Times Company (NYT) To Dismiss About 100 Newsroom Employees
The New York Times Company (NYSE:NYT) announced Wednesday that it will be reducing its newsroom employees by 100 to cut costs and redirect some funds to the creation of digital news products. A few other positions from the business and editorial operations will also face the cut. The company has said that it will be…
Angie’s List Inc (ANGI)’s Shares Jump Nearly 20% After A Potential Sale Rumor
The shares of Angie’s List Inc (NASDAQ:ANGI) rose 19.15% after the news of a potential sale of the online company. The shares skyrocketed after news from the Financial Times that the company has hired bankers to map out strategic options including the possibility of a sale. As mentioned by the Financial Times, ANGI’s had conversations…
What Has Been Changed By Microsoft Corporation (MSFT) With Windows 10, Skeptic About “Windows 9”
What came as a surprise to the users and investors is the name of the latest Windows operating system launched by Microsoft Corporation (NASDAQ:MSFT) i.e. Irrespective of the name of the latest version of Windows, there is a lot that users can expect from Windows including split-screen feature, customizable start menu, advanced search feature, and…
Automatic Data Processing (ADP)’s Shares Tank After CDK Global, Inc. (CDK) Spinoff
The shares of Automatic Data Processing (NASDAQ:ADP) closed at $71.42 one day after the spinoff of CDK Global. The company lost 13.71% of its share value in the last two days after the spinoff. Earlier, ADP completed the spinoff of CDK Global to create a separate entity that would offer technology and marketing services to auto…
Vimicro International Corporation (ADR) (VIMC) Shares Soar Higher After Government Contract
The shares of Vimicro International Corporation (ADR) (NASDAQ:VIMC) witnessed steep increase in share prices after the company won a major government contract. Shares of the company rose 8.75% to close at $9.94, although the shares slipped 4 cents in the after-hours trade. The video surveillance company along with Shanxi Zhongtianxin Science and Technology Co. Ltd.…
AT&T Inc. (T) Beating Verizon Communications Inc. (VZ) in Connected Car Deals
In the dynamic world of technology, things change so fast so that if a company focuses too much on something and overlooks innovation, that company is highly likely to trail its competitors. And Verizon Communications Inc. (NYSE:VZ) could be that company. Its biggest rival AT&T Inc. (NYSE:T) has forged new partnerships with auto companies for…
Dreamworks Animation Skg Inc (DWA)’s Acquisition By Softbank Corp (9984) Talks Slow Down
The stocks of Dreamworks Animation Skg Inc (NASDAQ:DWA) went skyrocketing after the acquisition talks with Softbank Corp (TYO:9984). Dreamworks Animation Skg Inc (NASDAQ:DWA) closed at $28.18 on Monday with 26% increase in share prices, although the share prices went down by 7.42% in the afterhours trade after the news came out of slowing discussions. Despite…