Month: March 2018

At an investors’ conference in London, Deutsche Bank ’s DB chief financial officer, James von Moltke, left impressions that the corporate and investment bank’s first-quarter 2018 segmental revenues might decline about €450 million from the year-ago quarter, thanks to foreign exchange headwinds and higher funding costs. Shares of Deutsche Bank dropped to the lowest since November 2016 on Mar 21, as Moltke’s comment came less than a week after the bank published its annual report, which included optimistic outlook for full-year trading revenues. […]

Chemicals giant LyondellBasell Industries N.V. LYB has secured the U.S. antitrust clearance for its proposed buyout of A […]

The Federal Reserve announced the first rate hike of 2018 at the Federal Open Market Committee (FOMC) meeting Wednesday, under Chairman Jerome Powell’s debut meeting. The Fed was tempted by the strengthening economy, optimism on reaching the inflation target this year and impressive labor market gains. The benchmark federal funds rate has been hiked to 1.50-1.75% from the 1.25-1.50% raised in December 2017. […]

It was an eventful week for Apple AAPL , a week that included its purchase of a magazine subscription service called Texture, a news leak about its in-house development of MicroLED screens, a report about its sinking brand value, plus some usual ruckus about its business practices, fines and taxes in Europe. Here are some more details- Apple Acquires Texture : In a bid to further grow its software and services business that Apple expects will deliver $50 billion in annual revenue by 2021, the Cupertino-based company has bought Texture. Texture is an online magazine subscription service available through the Apple and Google app stores and also on Amazon.com AMZN […]

Carnival Corporation and plc CCL reported better-than-expected fiscal first-quarter 2018 results. Earnings of 52 cents per share surpassed the Zacks Consensus Estimate by 9 cents and improved 36.8% year over year. […]

Royal Dutch Shell plc RDS.A recently released a statement updating its downstream segment’s outlook, bringing in pleasant news for the investors. Post the announcement, shares of the Anglo-Dutch giant have moved up 2.04% to eventually close at $63.48 on Mar 21. […]

Raytheon Co. ’s RTN board of directors approved a hike in annual dividend of 8.8%. […]

The increasing adoption of Box, Inc. ‘s BOX cloud management platform by its existing client, Komatsu, reiterates the strength and innovative nature of Box’s product portfolio. Komatsu is a manufacturer of machineries and equipment specific to construction and mining, utility, forest and industrial sectors. […]

Starbucks Corporation SBUX highlighted its key strategies to drive growth over the next decade, at its recent 26th Annual Meeting of Shareholders. One of the primary focuses will be on expanding digital relationships, with more than 60 million U.S. customers per month currently, who are not yet members of Starbucks Rewards Program. […]

Constellation Brands, Inc. STZ is scheduled to report fourth-quarter fiscal 2018 results on Mar 29. […]

On Mar 21, Fed Chairman Jerome Powell commenced his stewardship of the central bank by raising the benchmark lending rate by a quarter point post the Federal Open Market Committee’s (FOMC) latest policy meeting. Further, the central bank has raised the economic outlook for 2018 and provided robust estimates of several key economic metrics. Powell stated that the U.S. […]

Dolby Laboratories, Inc. DLB recently inked a strategic partnership agreement with Hunan Broadcasting System. The agreement aims to bring state-of-the-art Dolby Vision and Dolby Atmos content production capability to Hunan Broadcasting in Beijing, during China Content Broadcast Network tradeshow. […]