Monster Beverage Corporation posted profit and revenue increases that were better than had been expected due to distribution improvements through its current agreement with Coca-Cola, which owns close to 17% of the maker of energy drinks.Shares … [Read more]
Cadbury chocolate and Oreo Cookie maker Mondelez International posted revenue as well as profit that were better than had been expected, as a mix of higher prices and volumes in some markets helped to offset the impact from a strong dollar.The … [Read more]
On Monday, Valeant Pharmaceuticals International named Joseph Para the former CEO at Perrigo Co as its new CEO to work on turning the company around.Doubts over Valeant’s acquisitive model and a controversy over its relationship with a specialty … [Read more]
Germany based Volkswagen posted on Friday a record loss for 2015 and has set aside over $18 billion for the legal claims, fines and recalls in the U.S. as well as other countries related to its software installed in engines to cheat diesel emissions … [Read more]
On Wednesday, Abbott Laboratories posted revenue declines that were foreign currency driven in its most recent quarter.However, the company raised its guidance for the year adding that it saw gains on a constant currency basis across every … [Read more]
Hasbro Inc the second largest toymaker in the U.S., posted quarterly revenue and profit that was better than had been expected, driven thanks to strong demand for its action figures from Star Wars and the addition of Princess dolls from Disney to its … [Read more]
Citigroup Inc’s quarterly profit plummeted by 27% as the bank earned less revenue from investment banking and trading while incurring higher costs that were related to shrinking certain businesses.The decline in profit was the largest amongst the … [Read more]
Wells Fargo & Co profit for the quarter was down 7% as the third largest U.S. bank in terms of assets had to set aside over $1 billion to cover its bad loans.The San Francisco-based lender said its energy industry portfolio was under … [Read more]
Goldman Sachs Group will be paying a settlement of $5.1 billion to end a U.S. probe into how it handled mortgage-backed securities that involved allegations the loans were not vetted properly prior to being sold to investors as bonds of high … [Read more]
Spring was going to be the season of renewal at Gap. Following the acknowledgement by the retailer of its style misses and its disappointing results from the previous three-month period, Art Peck the CEO had been optimistic in February about the … [Read more]