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Credit Suisse Scraps IPO, Anounces Plans To Raise Capital Of $4bn
Global banking major Credit Suisse has announced that it will recapitalize with a share sale worth $4 billion as a part of its efforts to restructure itself and address concerns regarding its capital levels. Credit Suisse would become the third
Read MoreeBay beats Q1 estimates, issues poor Q2, FY17 view
The stock of e-commerce company Ebay Inc (NASDAQ: EBAY) plunged 8% last week to close at $32.16. Ironically, the stock was punished after the company posted fiscal 2017 first-quarter revenue and earnings that beat analysts’ expectations. Analysts attribute the poor
Read MoreMasterCard Unveils Payment Card With Fingerprint Scanner
Global credit card major MasterCard has announced that is testing a payment card that has an inbuilt fingerprint sensor. The card’s unveiling came after two trials were successfully conducted with a local bank and retailer in South Africa. Under this
Read MoreThyssenkrupp turns bearish as union resists restructuring
Last month, Tata Steel, a $100 billion business conglomerate based out of India, stated that it is still in talks with Germany’s Thyssenkrupp Ag (OTC: TYEKF) to merge its European steel operations with the latter. Considering the weakness in the
Read MoreGoogle UP on attractive valuations, analysts upgrade
The stock of Alphabet (NASDAQ: GOOG), the parent company of Google, fell to a low of $803.50 on March 27th, from about $853 a week before. The main reason for the sharp decline in the share price is the suspension
Read MoreInternal Revenue Service Resumes Use Of Private Debt Collectors
The United States Internal Revenue Service (IRS) recently announced that it will be shortly reviving the practice of using private debt collectors to collect overdue payments. The IRS stopped using private debt collectors in 2009 after it decided that IRS
Read MoreBlackberry’s Q4 loss narrows, beats estimates
After three years of strenuous attempts, the iconic mobile phone manufacturer Blackberry Limited (NASDAQ: BBRY) seems to have finally succeeded in encrypting a turnaround in its business. Last week, the company reported fiscal 2017 fourth-quarter results that beat analysts’ estimates.
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