Michael Smith
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Bank Of America And Citigroup Likely To Face Breakup Probe After Earnings Report
Bank of America and Citigroup are likely to face questions about whether they would be better off if they were to both split into smaller pieces.
RadioShack Receives $500 Million Debtor-In-Possession Loan Offer
Salus Capital Partners is willing to provide financially-troubled Radio Shack with $500 million in a debtor-in-possession loan, the Wall Street Journal reports.
United Airlines Outsourcing Plans Place 2,000 Jobs At Risk
United Airlines has announced that is in the process of assessing whether to outsource approximately 2,000 jobs at airports around the United States.
Uber Announces Fare Cuts In 48 U.S. Cities, Promises Drivers Higher Earnings
Uber has announced that it will be reduce ride fares across 48 cities in the United States, the New York Times reports, promising to boost pay for drivers with the initiative.
Online File Sharing Start-Up Box Announces Share Pricing For Initial Public Offering
The online file sharing star-up company Box has announced its share pricing for its upcoming initial public offering (IPO): a proposed range of $11 to $13 per share is expected, according to Tech Crunch.
Mercedes Will Move Headquarters From New Jersey To Georgia Due To High Taxes
Mercedes has announced that it will move its headquarters from New Jersey to Georgia, citing high business and personal income taxes as a major contributor to its financial woes.
Samsung Releases Fourth-Quarter Earnings, Revealing Strong Memory Chip Sales
Samsung has released figures for its 2014 fourth-quarter performance, revealing a strong demand for high-margin memory chips and overall earnings that exceeded the expectations of financial analysts.
Royal Dutch Shell Will Pay $83 Million To Compensate For Nigeria Oil Spills
Royal Dutch Shell is expected to pay just over $83 million in compensation fees for two oil spills that occurred in Nigeria in 2008, benefitting the environmental disaster-stricken communities of the African country.
Luxury Fashion Company Coach To Purchase Footwear Brand Stuart Weitzman
Coach, the New York-based luxury fashion company that experienced declining sales in fiscal year 2014, announced on Tuesday that it plans to purchase footwear brand Stuart Weitzman.
Chase To Pay $100 Million To Settle Anti-Trust Lawsuit Case
JPMorgan Chase is expected to pay close to $100 million to settling an ongoing US anti-trust lawsuit case related to alleged fraudulent activity in the foreign exchange market.
Verizon Will Likely Takeover Or Form A Venture With AOL In Bid For Advertising Technology
Verizon allegedly approached AOL about either acquiring it or forming a joint venture in an effort to enhance its digital advertising technology, Bloomberg Businessweek reports.
Snapchat Poised To Expand User Membership To 200 Million
Snapchat, the photo messaging application released in 2011, is poised to reach a user membership of 200 million, an investigation conducted by Business Insider reveals.
Massachusetts Legally Recognizes Uber And Other Ridesharing Companies
Massachusetts lawmakers filed a formal list of regulations on Saturday that grant ridesharing companies among the ranks of Uber and Lyft official recognition as legitimate modes of transportation within the state.
Courier Company CityLink Announces 2,356 Layoffs Amidst Failed Sale Bid
City Link, a Coventry, United Kingdom-based courier company, has announced that it will lay off 2,356 employees currently working for the organization.
Cheap-Flight Site ‘SkipLagged’ Remains In Operation Despite Law Suit
Aktarer Zaman, the 22-year-old founder of SkipLagged.com, is still running his cheap-flight internet business, despite receiving a lawsuit last month from United Airlines and Orbitz.