Weatherford International PLC (NYSE:WFT) appointed a new CEO, Mark McCollum, only four months after the sudden departure of Bernard Duroc-Danner the previous CEO. The new CEO comes from a C-level executive in Halliburton Company (NYSE:HAL) Appointment roles McCollum was the Chief Finance Office in Halliburton. He is expected to report with immediate effect to his […]
Marketing
J C Penney Company Inc (NYSE:JCP) Eliminating Positions At Its Corporate Headquarters
J C Penney Company Inc (NYSE:JCP) announced laying off an undisclosed number of corporate employees, after the announcement that it plans to shutter up to 140 stores, last month. And since they’ll be opening in fewer locations, it became necessary to adjust the staff relative to the company’s store portfolio, as per Joey Thomas, J.C. […]
Can DryShips Inc. (NASDAQ:DRYS) Opt For Another Dilution?
While U.S. markets continue to move to new highs, there is one firm that continues to move in exact opposite direction. DryShips Inc. (NASDAQ:DRYS) continues to decline after its share sale deal worth $200 million with Kalani Investments. As increased dilution adds up, stock continue to decline. The buzz As of now, DryShips is selling […]
Why InterCloud Systems Inc (OTCMKTS:ICLD) Sold Its High Wire Business Division?
InterCloud Systems Inc (OTCMKTS:ICLD) a major provider unit of cloud networking arrangement and also automation services and solutions sold its High Wire Networks unit of ADEX Corporation. This High Wire segment contracted with telecom infrastructure creators to fit the company’s goods. The update InterCloud posted that the asset was preliminary bought by ADEX back in […]
Vale SA (ADR)(NYSE:VALE) Intensifies CEO Search
Vale SA (ADR)(NYSE:VALE) has stepped up the quest for a new CEO as Murilo Ferreira reported his departure, indicating measures by some top shareholders to protect the world’s number 1 iron producer firm from political interference. The buzz Earlier Vale reported Ferreira will step down from his CEO role after his term expires in May. […]
Chesapeake Energy Corporation (NYSE:CHK) Focus On Core E&P Operation
Chesapeake Energy Corporation (NYSE:CHK) lost $0.05 a share in 2016, but its bottom-line is giving some indications of life and it has managed to enhance its financial health. The firm is moving its focus on core E&P segment by ramping up CapEx. However, the firm is still having a large debt pile and comes with […]
Angie’s List Inc (NASDAQ:ANGI) Transforming Business Model
Angie’s List Inc (NASDAQ:ANGI) recorded a relative good fiscal quarter, however the firm’s revenue has been declining for some time. The firm also lost funds on a net basis in the last three years, and is presently transforming its business model. Considering the weakening of the balance sheet, and that the firm will not be […]
Groupon Inc (NASDAQ:GRPN) Closes In Deep Red
One of February’s biggest winner stock has been Groupon Inc (NASDAQ:GRPN), jumping over 30% after posting impressive quarterly report. Revenue came in at $934.9 million for the reported fourth quarter, up 1.9% for the company in daily deals. The buzz Recording top-line growth of less than 2% may not seem impressive, but it’s entirely relative. […]
AK Steel Holding Corporation (NYSE:AKS) 4Q2016 Earnings Top Estimates
It’s almost a month since the previous financial report for AK Steel Holding Corporation (NYSE:AKS). Shares have gained almost 6% in that time frame, surpassing the market. However, it remains the question if the recent up trend will continue in the stock’s next financial earnings release, or the stock can see a pullback? The buzz […]
DryShips Inc. (NASDAQ:DRYS) Announces Its First Dividend Under the New Policy
DryShips Inc. (NASDAQ:DRYS) a diversified holding firm of ocean going cargo vessels, reported that its Board has decided to start a new dividend policy. The firm will compensate a fixed quarterly dividend of $2.5 million. At its discretion, the Board may compensate additional amounts as payout each quarter based on market conditions and the firm’s […]
