Industry news

GE Acknowledges CEO’s Achievements Last Year, But His Total Compensation Reduces 11.5%

GE acknowledges 2015 as one of the most successful business years in its history while recognizing CEO’s leadership contribution. Jeffrey Immelt, chairman and CEO of GE, has received $33 million compensation in total for 2015 which is 11.5% lower than the previous year. The compensation package has been disclosed through a regulatory filing with U.S. Securities and Exchange Commission.

Read Full Article

Gainers and losers of Wednesday, March 9, 2016 stock market

Shares of Blue Buffalo and Air Transport Service gained during the Wednesday trading session while shares of Yelp, Unisys Corp and Zagg Inc lost their shares in the stock market.

Read Full Article

Square Q4 loss widens as transaction expenses offset revenue increase

Square reported a widened loss during the fourth quarter of 2015 as transaction expenses and other related costs burdened its balance sheet. The company reported a 49% increase in quarterly revenue.

Read Full Article

Imperial Oil to sell Esso brand gas stations to Canadian distributors

Imperial Oil has entered into an agreement to sell its 497 Esso retail fuel stations for about C$2.8 billion. This transaction reflects the company's aim to widen its refining and oil sands businesses.

Read Full Article

Citigroup in negotiation to appoint Armando Diaz as leader of global capital equities trading business

Citigroup is reportedly in negotiation to appoint Armando Diaz as the global leader of capital equities trading. These appointments signify the bank's effort to construct a robust stock offering business.

Read Full Article

Poundland's chief Jim McCarthy to retire

Poundland Group announced the retirement of Jim McCarthy as the chief executive officer of the company. Jim McCarthy will be succeeded by Kevin O' Byrne as the next chief executive officer of Poundland.

Read Full Article

Gold prices fall amid the rise in dollar

On Tuesday, the precious metal gold glided owing mainly to the increase in a dollar. In addition, the positive US data, which fuelled the speculation on Fed interest rate hike, drove the global share market to a new height.

Read Full Article

Foresters to acquire ACM and AFM from Proj Fox Acquisition

Foresters and Proj Fox Acquisition have signed a deal on February 29, 2016, whereby, Foresters will indirectly buy both Aegon Fund Management (AFM) and Aegon Capital Management (ACM).

Read Full Article

Deutsche Borse in negotiation with London Stock Exchange for potential Merger

Deutsche Borse confirmed that it is in talks with London Stock Exchange regarding a potential merger. The parties remain hopeful that a possible merger transaction will take place.

Read Full Article

Etsy Q4 net loss narrows; posts strong revenue

Etsy's shares jumped nearly 10% after the announcement that the online e-commerce site narrowed its net loss in the fourth quarter of 2015. The company expects GMS growth rate to be in the range of 13% to 17% for the three-year period from 2016 - 2018.

Read Full Article

Fortescue H1 profit slips amid poor commodity prices

Fortescue Metals reported a 4% decline in its first six-month net profit owing mainly to the fall in commodity prices. The company has declared an interim dividend of A$0.03 (fully franked).

Read Full Article

Shivshahi Punarvasan Prakalp Ltd to offer monetary assistance for Indian construction sector

The gloomy atmosphere prevailing in the construction sector of India has led the government to take monetary steps to aid the ailing sector. Shivshahi Punarvasan Prakalp will provide monetary assistance for the construction activities in India.

Read Full Article

Walmex Q4 net income down by 18.4%

Wal-Mart De Mexico SAB posted an 18.4% drop in its fourth-quarter net income. High spending during the fourth quarter affected the retailer's earnings.

Read Full Article

Costco a paradise for guy’s underwear

Costco is one among the best places to buy every single men's underwear and accessories including belts, socks and undershirts. Men's Outdoor Trail Sock that carries the Kirkland Signature is one among the best quality in men's sockdom and a four-pack of the trail socks costs just $12.

Read Full Article

China to combine 40 entities to work on $22 billion plan-engine project

China, as part of a wider drive into progressive industries to boost its GDP growth, plans to combine over 40 entities to work on the giant $22 billion plane-engine project. Under the plan, the government of China along with companies like Aviation Industry Corp. would invest 35 billion yuan.

Read Full Article

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics