Finance

Samsung Set to Post Quarterly Results How Will They be Affected by the Pandemic

Global tech giant for consumer electronics Samsung Electronics Co. (005930) is set to announce its quarterly results for the period ended March 31 however it’s unclear whether the breakout of deadly coronavirus around the World will have impact on this upcoming quarterly reports and if yes by how much. Samsung is the largest memory chipmaker […]

Rosneft Pulls Out of Venezuela Following U.S Sanctions

U.S sanctions against Venezuela seem to be hitting hard and harder on the nation situated on the northern coast of South America. The latest casualty of these sanctions is Russian integrated energy company Rosneft Oil Company (ROSN). The largest Russia based oil company has announce that it will be ceasing operations in Venezuela with immediate […]

U.S Set to Cut Down Chip Supply to Huawei

The antagonism between the United States and Chinese tech giant Huawei Technologies seems to be far from over. It all started when the U.S accused the company of using its infrastructure and services to spy for Beijing. Senior State’s Officials Meeting Anytime soon U.S will be cutting down supply of chips to the company after […]

Global Airlines Urge Governments to Aid Them Overcome Plunge Due to Coronavirus

Coronavirus pandemic is biting so hard and so fast into every economy, various sectors have been deeply affected by this situation since businesses are no longer running as usual. World airlines remain among the top of the businesses greatly affected by outbreak of coronavirus. Almost every nation in the world now has completely shut down […]

Mastercard Inc (NYSE:MA) Buys A RiskRecon To Help Organizations With Security Assessments: RiskRecon Competes With SecurityScore Card

Mastercard Inc (NYSE:MA) has taken over startup – RiskRecon to help organizations with security assessments. The Salt Lake City-based startup is increasingly important for companies such as Mastercard to help its customers to navigate cyberspace successfully. Mastercard expects to close the deal in Q1 2020 and subject to regulatory nod. Customers get an objective of […]

Under Armour Inc (NYSE:UAA) Faces United States Federal Probe Over Accounting Practices

Under Armour Inc (NYSE:UAA) is under federal probe by the Justice Department and Securities and Exchange Commission over their bookkeeping and other accounting practices, according to the company’s statement released on Sunday. The giant sportswear maker started responding in July 2017 to document requests and details pertaining to its accounting processes and relevant disclosures. According […]

Kroger Co (NYSE:KR) Withdraws Ban On Visa Inc (NYSE:V)’s Credit Card At Fuel Centers And Food And Drug Stores

Kroger Co (NYSE:KR) started accepting Visa Inc (NYSE:V)’s Credit Cards at 108 fuel centers and 142 Smith’s Food and Drug Stores and ended the year-long fight. Its customers can make payments at Kroger owned and operated fuel stations and food and drug stores across the seven states in the US. The supermarket chain imposed a […]

Ford Motor Company (NYSE:F) Could Agree To Pay Higher Bonuses and Wages In The Upcoming Negotiations With UAW

Ford Motor Company (NYSE:F) would sit with UAW officials across the table for negotiations and could end up paying more bonuses and wages. The United Auto Workers (UAW) is asking for a pie of the fat profits recorded by the automakers Fiat Chrysler and General Motors Co. UAW settles issues with General Motors After ending […]

Mastercard Inc (NYSE:MA) Is In Talks With Several Partners To Introduce Mastercard Bill Pay Exchange

Mastercard Inc (NYSE:MA) is launching Mastercard Bill Pay that allows users to view, manage, and make credit cards, mortgage, telecom, and utility payments. The users of Mastercard Bill Pay need not maintain different accounts for various billers and remember separate passwords. Bill Pay exchange allows payments using bank accounts The users can make payments from […]

Johnson & Johnson (NYSE:JNJ) To Give Out $4 Billion For An Opioid Litigation Settlement

Johnson & Johnson (NYSE:JNJ) says it will pay out a total sum of $4 billion in settlement of all its lawsuits in the US. This is in line with an opioid addiction epidemic that has touched not only the company but others as well. Details of the litigation settlement The settlement of the deal will […]