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Category: Business

Business, FEATURED

The Coca-Cola Company (NYSE:KO) signed its first licensing agency for Russia

Posted onJune 28, 2019June 28, 2019

The Coca-Cola Company (NYSE:KO) has signed its first licensing agency for Russia after inking a deal with ELC. According to Licensing International, the partnership will …

Business, Earnings

NIKE, Inc. (NYSE:NKE) missed earnings estimates

Posted onJune 28, 2019June 28, 2019

NIKE, Inc. (NYSE:NKE) did something highly out of character: It missed earnings estimates. The athletic brand posted profit of 62 cents a share, short of the …

Business, FEATURED

Visa Inc. (NYSE:V) getting into the point-of-sale installment-payment business

Posted onJune 28, 2019June 28, 2019

Visa Inc. (NYSE:V) said it is getting into the point-of-sale installment-payment business weeks after rival Mastercard Inc. announced it bought Austin, Texas-based POS credit fintech Vyze Inc. The move also …

Business, FEATURED

Boeing Co (NYSE:BA) confirms FAA asked to address specific condition of flight planned software changes

Posted onJune 28, 2019June 28, 2019

The Federal Aviation Administraion has asked Boeing Co (NYSE:BA) to address, through the software changes to the 737 MAX that the company has been developing for the …

Business, FEATURED

Pfizer Inc. (NYSE:PFE) named former FDA Commissioner Scott Gottlieb to its board of directors

Posted onJune 28, 2019June 28, 2019

Pfizer Inc (NYSE:PFE) said it has named former U.S. Food and Drug Administration Commissioner Scott Gottlieb to its board of directors, effective immediately. Gottlieb stepped down abruptly …

Business, FEATURED

Bank of America Corporation (NYSE:BAC) will end association with companies that provide prisoner and immigrant detention

Posted onJune 28, 2019June 28, 2019

Bank of America Corporation (NYSE:BAC) will end its association with companies that provide prisoner and immigrant detention services at both the state and federal levels. The …

Business, Headlines

FDA warned certain insulin pumps made by Medtronic plc (NYSE:MDT) have cybersecurity vulnerabilities

Posted onJune 28, 2019June 28, 2019

The Food and Drug Administration warned that certain insulin pumps made by Medtronic plc (NYSE:MDT) have cybersecurity vulnerabilities and could be manipulated by hackers, causing danger to diabetes patients. …

Business, Markets

Wayfair Inc. (NYSE:W) employees walk out over border disgrace

Posted onJune 28, 2019June 28, 2019

Many Wayfair Inc. (NYSE:W) employees are angry over the company’s decision to sell beds and other items that will furnish detention centers for migrants at the southern border. …

Business, Markets

Wells Fargo & Company (NYSE:WFC) invested nearly $800 million on various Minnesota housing initiatives over the last decade

Posted onJune 28, 2019June 28, 2019

Wells Fargo & Company (NYSE:WFC) says it’s spent hundreds of millions of dollars on housing affordability initiatives in Minnesota over the last decade. Between 2009 and …

Business, Markets

J C Penney Company Inc (NYSE:JCP) plans to hire 575 seasonal associates in Tennessee

Posted onJune 28, 2019June 28, 2019

With the back-to-school shopping season approaching, J C Penney Company Inc (NYSE:JCP) plans to hire 575 seasonal associates in Tennessee. The company announced it is getting ready …

Business, Earnings, FEATURED

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) earnings topped Wall Street expectations

Posted onJune 28, 2019June 28, 2019

Walgreens Boots Alliance, Inc. (NASDAQ:WBA) announced earnings and revenue that topped Wall Street expectations on Thursday. Revenue in the third quarter rose to $34.591 billion …

Business, FEATURED

Fifth Third Bancorp (NASDAQ:FITB) discuss capital plan

Posted onJune 28, 2019June 28, 2019

Fifth Third Bancorp (NASDAQ:FITB) capital plans over the same time period includes $2B through common share repurchases and increased common dividends; the distributions will be …

Business, FEATURED

Morgan Stanley (NYSE:MS) likely to get regulatory approval for owning majority stake in Chinese securities joint venture

Posted onJune 28, 2019June 28, 2019

Morgan Stanley (NYSE:MS) is likely to get regulatory approval for owning a majority stake in its Chinese securities joint venture in the second half of …

Business, Markets

Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers

Posted onJune 28, 2019June 28, 2019

Snap Inc. (NYSE:SNAP)’s recent rally has burned short sellers, who have been rushing to cover their bearish positions as shares of the social-media company climbed. …

Business, Markets

Citigroup Inc. (NYSE:C) Employee Obliged as Alleged Middleman in Insider-Trading

Posted onJune 28, 2019June 28, 2019

A former Citigroup Inc. (NYSE:C) employee was the alleged middleman in what authorities believe may be an insider trading scheme, according to people familiar with …

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