Office Depot, Inc. (NASDAQ:ODP) has reported on Wednesday a net income of $210 million or an earnings per share (EPS) of $0.38 for the second quarter. The company had a 6% year-over-year plunge in revenue, coming in at $3.22 billion for the period. This marks the third consecutive period that the company missed its financial […]
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ArcelorMittal SA (ADR)(NYSE:MT) CEO Releases Tenth Anniversary Statement
Lakshmi N. Mittal, the CEO of ArcelorMittal SA (ADR)(NYSE:MT), stated that steelmaking is their passion and it will continue to drive company for several years to come. On August 1, 2006, Mittal Steel and Arcelor merged to establish the world`s leading steel firm. The management view Expressing his views, Mr. Mittal said that the reason […]
Avon Products, Inc. (NYSE:AVP) Updates On Progress of Transformation Plan
Sheri McCoy, the CEO of Avon Products, Inc. (NYSE:AVP) reported that 2Q2016 results came better than expectation, led by improved operating performance. The company witnessed modest easing of foreign currency pressure. Prominently, the performance improvements spread across markets with 9 of company’s top 10 markets gaining from local currency. The highlights McCoy said that they […]
Itau Unibanco Holding SA (ADR)(NYSE:ITUB) 2Q2016 Recurring Net Income Declined 9%
Itau Unibanco Holding SA (ADR)(NYSE:ITUB) reported a smaller profit decline compared to analysts’ projections as the bank revenue gained from services, while cautioning that in coming period its loan book will narrow. The highlights Itau Unibanco reported that recurring net income in 2Q2016, which do not cover one-time items, dropped 9% to 5.58 billion reais. […]
Why Sirius XM Holdings Inc. (NASDAQ:SIRI) Makes A Good Buy?
Sirius XM Holdings Inc. (NASDAQ:SIRI) expects to post free cash flow of almost $1.5 billion this year. So far, the company is using a big part of its funds in buy back process, but it won’t be surprising if in coming period, it uses a combination of cash and stock to close a big acquisition. […]
Frontier Communications Corp (NASDAQ:FTR) Intends To Upgrade Speed Offerings
Daniel J. McCarthy, the CEO of Frontier Communications Corp (NASDAQ:FTR), stated that 2Q2016 had been a very successful and significant quarter for the company. As they have closed initial cutover measures in the new properties, they now have refocused the firm to design plans for upgrading speed offerings in current footprint. They have started to […]
Vale SA (ADR) (NYSE:VALE) Unloads Future Gold Output Worth $800 Million to Reduce Debt
Vale SA (ADR) (NYSE:VALE) has announced the sale of its future gold output valued at $800 million as part of its strategy to reduce its $27 billion debt portfolio. Vale’s debt is load is the second largest debt portfolio after Glencore International PLC, St. Helier (OTCMKTS:GLCNF). Vale’s plan, for now, is to reduce the debt […]
Chesapeake Energy Corporation (NYSE:CHK) Makes Come Back Strides
Chesapeake Energy Corporation’s (NYSE:CHK) stock has been under pressure for months. It has also suffered the collapse of natural gas and crude oil prices. The situation may also have been made worse by the demise of CEO and co-founder Aubrey McClendon. The CEO is said to have died after driving into an Oklahoma City concrete […]
Space Systems/Loral, LLC And Sirius XM Holdings Inc. (NASDAQ:SIRI) To Collaborate In The Development Of High Power Satellites
US-based radio company Sirius XM Holdings Inc. (NASDAQ:SIRI) is set to give a new face to the entertainment world. The provision of two high power satellites by Space Systems/Loral, LLC will give radio the more than 30.6 million subscribers across North America a different and enhanced feeling. The SXM-7 and SXM-8 which will be replacingXM-3 […]
Mobile Games Poised to see Console-Like Graphics Soon
There is an invisible sea change going in within mobile devices, and it has to do with speed. The mobile experience is becoming more and more vital to consumers who crave high-definition streaming and high-powered mobile gaming. Semiconductor technology and microprocessor technology is growing faster than ever because phone companies like Apple (NASDAQ:AAPL) and Samsung […]
