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IMF focussing more on capital control

The principles on Capital Controls have been revisited by International Monetary Fund. Formerly, IMF privileged cross-border flow of money but not recognizes the need of putting some control measures. The idea is a definite improvement but has not been bestowed with proper implementation and regulation. The support is required from the member governments to support […]

Amended agreement with founder

Boston Globe Best Buy Co., Inc. (NYSE:BBY) slumps on amended agreement with founder which led to shares falling 12% on Friday after the electronics retailer and founder Richard Schulze said they agreed to amend the terms of their agreement on August 26 that will allow Schulze access to the company’s books also. As of now […]

Top five oil producers for USA- XOM, ECCE, PBT, DTRC, BKKN, OKOK, & GWR

According to Exxon Mobil Corporation (NYSE:XOM), by the year 2025 North America will be famous as one of the oil exporting countries due to an immense increase in its production and energy efficiency. The five countries mentioned below have a key role to play in this achievement. According to the U.S Energy Information Administration Texas […]

Get refund from FedEx for the excess amount which you paid

FedEx Corporation (NYSE:FDX) is accused of overcharging its customer by billing business and Government offices at a higher residential rate, as known from the company’s sales executive through an internal E-mail. This unfair practice is continuing from last 5 to 6 years and nobody bothers to look into the matter of overcharging the customers, as […]

MERS sued by Illinois man over property records-BAC, USB

Mortgage Electronic Registration Systems Inc. and its partner financier U.S Bank of America Corp (NYSE:BAC) face a lawsuit by an Illinois resident on charges of having contributed to a statewide corruption of public real estate records. The case is Daniels v. U.S. Bank N.A., 12-ch-43772, Cook County, Illinois, Circuit Court, Chancery Division (Chicago). Merscorp Holdings […]

Criminal cases against two BP PLC (NYSE:BP) for deepwater horizon disaster

Two highest ranking BP PLC(NYSE:BP) supervisors were accused by the U.S justice department for manslaughter and seaman’s manslaughter. A criminal case was filed against them and they were found responsible for the death of 11 in the deepwater disaster. Robert Kaluza and Donald Vidrine, the two BP PLC(NYSE:BP) CBPL supervisor have been charged with 11 […]

Tech Stocks Receives Boosts From Intel (NASDAQ:INTC) and Cisco (NASDAQ:CSCO) – INTC, AMD, TXN, ATML, ONNN

On Monday, Tech stocks have a strong start, the boost comes from a billion-dollar purchase from Cisco Systems Inc. and Intel Corp.’s declaration that its CEO will soon retire taking the day’s highlight. Cisco Systems, Inc. (NASDAQ:CSCO) surged 1.73% to close at $18.30 after the networking-equipment maker announced that it would pay $1.2B for Meraki, […]

Westlake Chemical (NYSE:WLK) Announces Quarterly Special Dividend of $3.75 – WLK, LYB, HUN, MOS, PEIX

Westlake Chemical Corporation (NYSE:WLK)’s board of directors announced a regular quarterly dividend of 18.75 cents a share. The board also announced a special dividend of $3.75 a share. Both dividends will be paid on December 12, 2012, to stockholders of record on November 26, 2012. While the regular three months dividend and the special dividend […]

Hewlett-Packard (NYSE:HPQ) Expect 2.6% Quarter Loss on Tuesday – HPQ, IBM, TDC, CRAY, SGI

Hewlett-Packard (NYSE:HPQ) aims to announce its latest earnings on Tuesday, November 20, 2012 at 8:00AM EST. Hewlett-Packard provides products, technologies, software and services to individual consumers, businesses and large enterprises, including customers in the government. The average expects of analysts is for net income of $1.14 a share, a plunged of 2.6% from the firm’s […]

Sears (NASDAQ:SHLD) Plunges On Quarter Loss – SHLD, JCP, TJX, M, SKS

Sears Holdings Corporation (NASDAQ:SHLD)’s shares plunged around 8% in afterhours trading on Thursday after it announced a smaller than anticipated quarterly loss as it managed costs and maintained a leaner inventory. Sears’ Q3 net loss from constant operations extended to $498M, or $4.70 a share, from $410M, or $3.85 a share, per year earlier. On […]

Target Corporation (NYSE:TGT)’s 3Q Climbs On Credit Card Sale – TGT, WMT, DLTR, DG, COST

Shares of Target Corporation (NYSE:TGT) surged about 2% on Thursday after it declared a strong fiscal third quarter results. Executive vice president of merchandising, Kathryn Tesija articulated that the holiday shopping season can surge 40% of a retailer’s annual revenue and Target anticipates current year to be extremely competitive and promotional. For the quarter ended […]

Staples (NASDAQ:SPLS)’s Cost Cuts Boosts Profit Estimates – SPLS, ODP, SBH, OMX, PETM

Staples, Inc. (NASDAQ:SPLS)’s announced on Wednesday that its quarterly profit surpassed against its Wall Street’s estimations as the biggest U.S. office supply chain reduced costs and sales in North America caught up, while weakness in Europe and Australia hit largely revenue. The company’s share, which also reiterated its full-year profit and sales estimates, surged 4.5% […]

TJX Companies (NYSE:TJX) Cheers on Q4 Earning Outlook – TJX, JCP, M, KSS, DDS

The TJX Companies, Inc. (NYSE:TJX), parent firm of TJ Maxx and Marshalls clothing stores, delcared on Tuesday that its Q3 revenue that beat analysts’ prospects and increased its full-year earnings anticipate. Other than the discount retailer’s earnings view for the Q4, which includes the critical holiday period, plus the full year are at rest under […]

No Holiday Presents for Spreadtrum Communications (SPRD)

Spreadtrum Communications (NASDAQ: SPRD) is a fables semiconductor company that engages in the design, development and marketing of mobile chipset platforms for smartphones, feature phones and other consumer electronics products in the Peoples Republic of China and internationally. The company was founded in April 2001. It is one of China’s leading mobile IC suppliers and […]