Costco Wholesale Corporation to Increase Minimum Wage for First Time in Nine Years

Costco Wholesale Corporation to Increase Minimum Wage for First Time in Nine Years

Costco Wholesale said to raise its starting wage for the first time in nine years, hiking the rate by $1.50/hr. to $13-13.50 in the US from $11.50-12 In a conference call with analysts, Costco Wholesale Corporation (NASDAQ:COST) announced that it plans to increase its minimum wage for the first time since 2007, as the labor … Read more

Chipotle Mexican Grill, Inc Cuts Executive Compensation Packages After E-Coli, Norovirus Outbreak

Chipotle Mexican Grill, Inc Cuts Executive Compensation Packages After E-Coli, Norovirus Outbreak

Chipotle’s top two executives suffered big pay cuts after a series of food scares sent sales plunging toward the end of 2015 On Friday, Chipotle Mexican Grill, Inc. (NYSE:CMG) announced that it has suspended its executive bonuses for 2015 because of its ongoing foodborne illness crisis. This has affected its stores across the country and … Read more

BP Plc Is facing a Trilemma

BP Plc Is facing a Trilemma

Merrill Lynch has downgraded BP to an Underperform rating, and price target has been reduced to 330p on the basis of three important considerations Merrill Lynch has downgraded BP plc (ADR) (LON:BP) to an Underperform rating. Big oil is facing a three-legged “trilemma” in accordance with the need to maintain dividend, credit rating and its reserve basis. … Read more

Macy’s, Inc. Earnings: Here’s What Went Wrong

Macy’s, Inc. Earnings: Here’s What Went Wrong

Macy’s stock crashed on company’s weaker than expected earnings and disappointing full year guidance On Wednesday, Macy’s, Inc. (NYSE:M) stock tumbled 14% to $40.84, after the company released its third-quarter earnings. It made a record for biggest single day decline since February 2009. The entity failed to meet earnings estimates due to reduction in expenditures by customers … Read more

A Step Closer to Auto Safety: Auto-Emergency Becoming Standard by 2022

A Step Closer to Auto Safety: Auto-Emergency Becoming Standard by 2022

NHTSA, IIS, and 20 Automakers Have Signed An Agreement To Make Auto Braking System A Standard In Their Vehicles By 2022 Auto industry is a step closer to safety. It is one of those occasions when almost all the car makers and government regulators have agreed on a common thing; to make cars safer by … Read more

Oracle Corporation: After Such An Outlook, Where Can It Go?

Oracle Corporation: After Such An Outlook, Where Can It Go?

Can the company’s substantial growth in cloud-computing be big enough to drive it forward? Oracle Corporation (NYSE:ORCL) announced the second-quarter earnings results for fiscal 2016 (2QFY16) after the market closed last night. The enterprise disclosed dry revenues for the recent quarter. The strength of dollar was one factor that negatively impacted the revenue. The company … Read more

Dell Inc. Close to Selling Perot Systems to Fund EMC Corporation Deal

Dell Inc. Close to Selling Perot Systems to Fund EMC Corporation Deal

Nippon Telegraph and Telephone (NTT) has emerged as potential buyer for Perot Systems Dell Inc. (NASDAQ:DELL) has been looking to sell its non-core business units in a bid to fund the $67 billion EMC Corporation (NYSE:EMC) acquisition deal. Perot Systems, the information technology consulting division arm of Dell, has also been on the list, and … Read more

General Motors Imitates Tesla Motors; Launches Pre-Owned Platform

General Motors Imitates Tesla Motors; Launches Pre-Owned Platform

General Motors Announced To Launch A Pre-owned Vehicle Online Platform, Making It Easier For Customers To Purchase Its Used Vehicles Used vehicle market is gradually growing around the world, particularly in the US. Thus, the US automakers have started to realize its significance and following the industry disruptor – Tesla Motors Inc. (NASDAQ:TSLA). GM Launches … Read more

End of content

End of content