US Company News
On Monday, Apple plans to announce its earnings report. The analysts have started forecasting the success rate of the company already and mainly focuses on the chief financial metrics that will be determined mainly by sales of the iPhone 6 and iPhone 6 Plus devices of the company.
A Chinese state firm has agreed to buy the Italian tire maker Pirelli, renowned for its Formula One equipment and racy calendars.
Pirelli's largest shareholder Camfin said on Sunday that it has signed a deal with state-owned chemical giant ChemChina to create a long-term industrial partnership for the tire manufacturing firm.
Howard Schultz the Chief Executive officer of the coffee chain Starbucks Corp has skilfully steered his way through controversial issues in the past. Now his chain aims to start discussions over the issue of race relations in the U. S, which of late has concocted a mixed reaction in the social media.
Brent Callinicos, the CFO of fast growing car sharing service Uber is leaving his post after working with company for two years.
According to Callinicos he is leaving his position at the company so that he can be with his wife and daughter for longer hours, spending time with them.
American International Group Inc.(AIG) is making advancement in recovering its business in spite of a notable drop in its profit for the fourth quarter of 2014. However, the there is still a long way to go for the insurer has before its long turnaround for the year is complete, says analysts.
Tesla Motors Inc., the car maker is well known for its Model S sedan that has gone all-electric. It is now using its technology of lithium-ion battery energy storage device to find the leading spot in the rapidly up-and-coming energy storage market which already supplements and in future may eventually pose a threat to the conventional electric grid.
On Thursday, Activision Blizzard Inc., the video game company said it that expected a lower figure of revenue as well as profit in 2015. The company partially blames the impact which it anticipates that the foreign-exchange markets will have on the earnings. The company is not alone in this, till now there have been other businesses that have expressed their concerns over the issue.
On Monday, Bryan Stockton, the CEO of Mattel was fired following a 59 percent fall in the company's profits. For the last three years Stockton was the chairman and the CEO of the company.
The resignation of Stockton came on Monday as the initial number of sales signalled at another unsatisfactory holiday season for Mattel.