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High Online Shopping Volume Straining Shipping Companies

High Online Shopping Volume Straining Shipping Companies

December always is the busiest month for package shipping but this year it is bigger than it has ever been due to a huge push in e-commerce that is putting more stress on the country’s delivery companies. A surge last month of orders around the Cyber Friday, Cyber Monday weekend […]

Walmart Income for Fourth Quarter Down On Lower Sales

Walmart Income for Fourth Quarter Down On Lower Sales

On Thursday, Walmart said its earnings for the fourth quarter were down by 7.9% because of higher operating expenses and lower sales. The largest retailer in the world lowered its sales growth estimate for 2017, which began in February. The estimate previously had been for a 3% to 4% increase, […]

Extent Of JPMorgan Breach Still Under Investigation (JPM)

Extent Of JPMorgan Breach Still Under Investigation (JPM)

This summer, JPMorgan was the victim of a hacker attack that left scores of customer information vulnerable. Now, several months after the attack, the extent of the breach is still being investigated. Security experts have been hired to conduct an investigation and the Federal Bureau of Investigation has become involved […]

Why Bank Of America (BAC), Citigroup (C), JPMorgan Chase & Co. (JPM) Stocks Gained Yesterday

Why Bank Of America (BAC), Citigroup (C), JPMorgan Chase & Co. (JPM) Stocks Gained Yesterday

The recently released May jobs report has raised the possibility that the Federal Reserve’s much-discussed rate hike will take place in September. The data indicates a second-quarter rebound with a stronger-than-expected growth for the month of May. Against the expectations of 225,000 jobs, 280,000 jobs were created in the month. […]

Boeing One Of The Winners Of Space Transport Contracts (BA)

Boeing One Of The Winners Of Space Transport Contracts (BA)

According to an announcement made by NASA, contracts worth billions of dollars to build space capsules to carry Americans astronauts to the International Space Station have been awarded to Boeing and the Space Exploration Technologies Corporation, better known as SpaceX. The initial flights under the new contracts are projected to […]

KaloBios Pharmaceuticals Files for Bankruptcy

KaloBios Pharmaceuticals Files for Bankruptcy

KaloBios Pharmaceuticals, which was rescued by Martin Shkreli last month from liquidation, has filed for bankruptcy after the CEO was arrested and knocked the brief revival of the biotech company off course. KaloBios filed for reorganization under Chapter 11 Tuesday according to an official statement on the U.S. Bankruptcy Court […]

Endo International plc To Issue Ordinary Shares Worth $2 Billion To Fund Par Pharma Deal

Endo International plc To Issue Ordinary Shares Worth $2 Billion To Fund Par Pharma Deal

Endo International plc (NASDAQ:ENDP) announced today the re-sizing of its secondary ordinary share offering. The company will now issue 4,024,025 ordinary shares, each valued at $83.25 per share. The aggregate proceeds from the shares will come up to an estimated $2 billion, in comparison to a prior $1.75 billion announced […]

ZTE in China Shuffles Management Following Export Restrictions

ZTE in China Shuffles Management Following Export Restrictions

ZTE Corp, based in China, in a routine shuffling of management, has replaced three top senior executives that were alleged to have been the signatories to the documents that were reported to show ZTE made efforts to dodge the sanctions placed on Iran. A change in its personnel was made […]