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Home2019April

Month: April 2019

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Business News

Tiger Woods’ Masters win gives Nike investors another reason to cheer

April 15, 2019 Editor Comments Off on Tiger Woods’ Masters win gives Nike investors another reason to cheer

Nike Inc’s long-time brand ambassador Tiger Woods gave investors another reason to cheer on Monday, after the world’s biggest name in golf won the Masters, pushing the company’s stock higher.

…read more […]

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Business News

German prosecutors charge former VW CEO Winterkorn with fraud

April 15, 2019 Editor Comments Off on German prosecutors charge former VW CEO Winterkorn with fraud

German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker’s manipulation of diesel emissions testing, more than three years after the scandal came to light.

…read more […]

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Business News

Proxy firms Glass Lewis, ISS back Allergan in fight against Appaloosa

April 15, 2019 Editor Comments Off on Proxy firms Glass Lewis, ISS back Allergan in fight against Appaloosa

Two major shareholder advisory firms urged investors to vote against billionaire investor David Tepper’s hedge fund demand that Allergan Plc immediately split the roles of chief executive officer and chairman, in a boost to the Botox maker.

…read more […]

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U.S. Supreme Court rejects Allergan bid to use tribe to shield drug patents

April 15, 2019 Editor Comments Off on U.S. Supreme Court rejects Allergan bid to use tribe to shield drug patents

The U.S. Supreme Court on Monday cast aside pharmaceutical company Allergan Plc’s unorthodox bid to shield patents from a federal administrative court’s review by transferring them to a Native American tribe.

…read more […]

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Business News

Wall Street opens flat after Goldman’s disappointing results

April 15, 2019 Editor Comments Off on Wall Street opens flat after Goldman’s disappointing results

U.S. stocks opened flat on Monday as financial stocks fell after disappointing results from Goldman Sachs, offsetting a rebound in healthcare stocks.

…read more […]

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Business News

AB InBev enrolls Citi, BAML to work on $5 billion Asia IPO: sources

April 15, 2019 Editor Comments Off on AB InBev enrolls Citi, BAML to work on $5 billion Asia IPO: sources

Anheuser-Busch InBev has enlisted Citigroup and Bank of America Merrill Lynch (BAML) to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.

…read more […]

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Best Buy CFO to replace Hubert Joly as CEO

April 15, 2019 Editor Comments Off on Best Buy CFO to replace Hubert Joly as CEO

Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next chief executive officer, the first woman to lead the consumer electronics retailer in its 53-year history.

…read more […]

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Ready when you are, EU tells U.S. on trade talks

April 15, 2019 Editor Comments Off on Ready when you are, EU tells U.S. on trade talks

The European Union is ready to starts talks on a trade agreement with the United States and could conclude a deal before the end of the year, European Trade Commissioner Cecilia Malmstrom said on Monday.

…read more […]

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Goldman Sachs first-quarter revenue drops across most businesses, shares off

April 15, 2019 Editor Comments Off on Goldman Sachs first-quarter revenue drops across most businesses, shares off

Goldman Sachs Group Inc reported lower quarterly revenue in nearly all of its main businesses on Monday, but still beat subdued Wall Street expectations through cost cuts, while offering more details on its sweeping operational revamp.

…read more […]

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Shareholder adviser ISS opposes free pass for UBS bosses after tax ruling

April 15, 2019 Editor Comments Off on Shareholder adviser ISS opposes free pass for UBS bosses after tax ruling

UBS shareholders should oppose discharging the board and top management of Switzerland’s biggest bank from liability after a guilty verdict in a French tax evasion case, proxy adviser Institutional Shareholder Services (ISS) said.

…read more […]

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Citigroup profit beats on investment banking boost

April 15, 2019 Editor Comments Off on Citigroup profit beats on investment banking boost

Citigroup Inc reported a better-than-expected quarterly profit on Monday, boosted by a surge in investment banking revenue and lower expenses.

…read more […]

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Daimler to add new compact SUV to lineup this year: CEO

April 15, 2019 Editor Comments Off on Daimler to add new compact SUV to lineup this year: CEO

Daimler AG Chief Executive Officer Dieter Zetsche said the German automaker would add a new compact SUV to its lineup later this year.

…read more […]

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Citigroup profit rises on investment banking boost

April 15, 2019 Editor Comments Off on Citigroup profit rises on investment banking boost

Citigroup Inc reported a 2 percent rise in quarterly earnings on Monday, as investment banking revenue surged and net interest margin expanded.

…read more […]

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Best Buy promotes CFO Corie Barry to CEO role

April 15, 2019 Editor Comments Off on Best Buy promotes CFO Corie Barry to CEO role

Best Buy Co Inc on Monday named Chief Financial Officer Corie Barry as the company’s next Chief Executive Officer, the first woman to lead the consumer electronics retailer in its 53-year history.

…read more […]

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UK firm sees 737 MAX crisis wiping $12 billion off Boeing brand value

April 15, 2019 Editor Comments Off on UK firm sees 737 MAX crisis wiping $12 billion off Boeing brand value

Negative publicity over the grounding of Boeing’s 737 MAX jet following two fatal accidents is set to wipe $12 billion off the value of the planemaker’s brand, Brand Finance said.

…read more […]

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Carbonium Core (NASDAQ: TOMZ) Targets $1.5 Billion Annual Revenue Opportunity—Could It Become the MP Materials of Nuclear-Grade Graphite?

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