Category Archives: Corporate News

Dollar General Earnings Report

Shares of Dollar General fell 4.5% on Thursday, after the discount retailer missed fiscal third-quarter profit and sales expectations. CEO Todd Vasos offered weak guidance and provided a downbeat outlook for the near term future. “The challenging retail environment that … Continue reading

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GoPro to Cut 15% of Jobs

GoPro plans to cut 200 jobs, or 15% of its workforce, after failed attempts by the company to expand beyond its core business of action cameras. The president, Tony Bates, is also leaving the company. The company has been struggling … Continue reading

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Beverage Industry is diversifying with new Acquisition Concoctions

Dr. Pepper Snapple Group Inc. and Pepsico Inc. are making moves to enter the “healthy beverage” industry as soft drink sales are declining for the 12th year in a row while also battling new taxation legislation. Dr. Pepper Snapple Group … Continue reading

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General Electric to Take Controlling Stake in Baker Hughes

In a bet for a rebound in global oil prices, General Electric has agreed to merge its oil-and-gas services business with industry leader Baker Hughes to create an even larger player in the industry. While not a complete acquisition, GE … Continue reading

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Wells Fargo CEO Steps Down: New CEO Seeks to Restore Trust in Disgraced Bank

On September 8, 2016, The Consumer Financial Protection Bureau, the Los Angeles City Attorney and the Office of the Comptroller of the Currency fined Wells Fargo $185 million for opening two million bank accounts and/or credit cards without customer knowledge … Continue reading

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Samsung Kills Off Note 7 as Effort to Fix Fault Backfires

Samsung made an unprecedented decision to quit its Galaxy Note 7 line after its initial plan to repair the safety issues that caused the device to overheat and, in some cases, catch fire failed miserably. At the start of the … Continue reading

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Goldman Wins $1B Legal Battle with Libyan Wealth Fund

This past week, Goldman Sachs won a lawsuit totally $1B brought against it by the Libyan Investment Authority. The case was regarding whether the US investment bank had exercised undue influence over the sovereign wealth fund; the Libyans alleged that … Continue reading

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