There is little to no doubt that the global economy is highly unpredictable with oil and gold prices fluctuating like a seesaw. However, one sector that is flourishing with awesome growth potentials is the mobile gaming industry. The worldwide game sales are primed to grow by billions simply due to the fact that U.S. video […]
Marketing
Orion Group Holdings, Inc. (NYSE:ORN) Reports Q2 Results, Receives $14M Contract
Orion Group Holdings, Inc. (NYSE:ORN) has issued on Thursday its earnings report for the second quarter and guidance for the full-year. The company has also revealed a contract award worth about $14 million. Q2 Financial Highlights For the period, Orion Group had a contract revenue of $140.30 million, jumping 63% year-over-year from $86.10 million. Gross […]
SUPERVALU INC. (NYSE:SVU) Implements Use Of Oracle Cloud
SUPERVALU INC. (NYSE:SVU) has announced on Wednesday that it will be implementing the use of Oracle Corporation (NYSE:ORCL) Oracle Cloud to further enhance its business management and data analytics. The cloud platform is particularly expected to improve the company’s Human Resources and Finance departments. Randy Burdick, SUPERVALU Executive Vice President (EVP) and Chief Information Officer […]
Chico’s FAS, Inc. (NYSE:CHS) Outlines A Policy That Terminates Double Directorship Roles
It has emerged that one of the directors of directors of Chico’s FAS, Inc. (NYSE:CHS) is also the vice chairperson of a competing firm, Hudson’s Bay Co (TSE:HBC). Despite numerous objections from activist hedge fund Barington Capital, Bonnie Brooks went ahead to join the board of Chico’s sometimes in July. The situation of double roles […]
Gazit-Globe Ltd (NYSE:GZT) Slashes Its Stake In BR Malls Participacoes SA (ADR) (OTCMKTS:BRMSY)
Gazit-Globe Ltd (NYSE:GZT) has announced its decision to lower its stake in BR Malls Participacoes SA (ADR) (OTCMKTS:BRMSY) to less than 5%. Gazit-Globe revealed that it disposed of some of the shares it held in BR Malls, thus reducing its stake to less than 5%. The value of the shares that were sold was NIS […]
Is A Breakout Imminent For Freeport-McMoRan Inc (NYSE:FCX)?
Freeport-McMoRan Inc (NYSE:FCX) upward movement on the chart has halted at the $12 level. Several analysts were expecting a breakout after the market reacted positively despite company’s dismal performance in 2Q2016. It should be noted that the company released a plan towards achieving free cash flows in the challenging commodity environment in last quarter of […]
Why Genworth Financial Inc (NYSE:GNW) Gained Over 27%?
Genworth Financial Inc (NYSE:GNW) reported that the net income in 2Q2016 came at $172 million against a net loss of $193 million in the same period, a year ago. Net operating income surged to $123 million from $119 million over the previous year quarter. The highlights In February 2016, Genworth Financial proposed a restructuring strategy […]
Samsung Electronics Is Pursuing The Purchase Of Partial Or Entire Fiat Chrysler Automobiles’ NV (NYSE:FCAU) Operations
Samsung Electronics is considering buying some or all of the Fiat Chrysler Automobiles’ NV (NYSE:FCAU) operations. The two are in advanced talks which if they are agreeable will result into the acquiring of the auto maker’s MagnetiMarelli’s lighting, in-car entertainment and telematics business. Reliable sources revealed that the acquisition whose closure is expected to take […]
Così, Inc. (NASDAQ:COSI) Releases 2016 P7 Comparable Restaurant Sales Report
Così, Inc. (NASDAQ:COSI) has issued on Wednesday its 2016 Period 7 comparable restaurant sales report. Comparable Restaurant Sales for P7 and Q2 For the said period, Così had seen a 5.30% aggregate decrease from the same period in 2015. Year-over-year, sales from the company-owned units declined 7.80% while sales from the franchised units rose 0.30%. […]
Office Depot, Inc. (NASDAQ:ODP) Issues 2Q Results, Continues To Face Industry Challenges
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 […]
