Company News

McDonald’s Struggling to Win Back Customers

McDonald’s Struggling to Win Back CustomersOn Monday, McDonald's Corp. reported a greater than expected slide in the sales figures of January at the established restaurants. The fast food chain put the majority of the blame for the dropping sales to the after effects of scandals that it faced in China and Japan.

LinkedIn’s Revenue Beat Expectations Owing to Growth in Hiring Business

LinkedIn’s Revenue Beat Expectations Owing to Growth in Hiring BusinessLinkedIn Corp. the corporate networking site has reported a forty four percent leap in quarterly revenue which has surpassed the analysts' expectations. The company's growth mainly remained steady due to more number of businesses using its services for assessing candidates fit for employment.

GoPro’s COO Resigns, the Company’s Profit Forecast May Miss Wall Street Expectations

GoPro’s COO Resigns, the Company’s Profit Forecast May Miss Wall Street Expectations GoPro, the San Mateo, California-based camera maker forecasted profit margins for the present quarter which may not keep up with the expectations of the Wall Street. The company also said that its chief operating officer Nina Richardson was resigning. The news sent caused a drop in the company's shares by almost eighteen percent in the after hour trading.

Spirits Industry Growth in U.S. for 2014 Driven by Whiskeys

Spirits Industry Growth in U.S. for 2014 Driven by WhiskeysDistilled Spirits Council of the United States said on Tuesday in a report that the producers of bourbon in Kentucky and whiskey producers of Tennessee added to the sales growth in the U. S for 2014. Exports crossed $1 billion for the second year in a row.

Staples In Advanced Talks with Office Depot for a Merger Deal

Staples In Advanced Talks with Office Depot for a Merger DealA merger deal between Staples Inc. and Office Depot Inc. can surely help the No. 1 and 2 chains of office-supply merchandise to tackle the completion in the present market that comes from the online and discount retailers.

J. M. Smucker Company Reaches a Definitive Acquisition Deal with Big Heart Pet Brands for $5.8B

J. M. Smucker Company Reaches a Definitive Acquisition Deal with Big Heart Pet Brands for $5.8BIn an announcement J. M. Smucker Company said that it has entered an agreement to buy Big Heart Pet Brands. The deal will be completed with a transaction of cash and stock. It is valued at around $5.8 billion, which also is inclusive of about $2.6 billion of net debt.

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