Company News

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.

Altria Group Inc. the Maker of Marlboro Posts More Than Double 4Q Profits

Altria Group Inc. the Maker of Marlboro Posts More Than Double 4Q ProfitsAltria Group Inc., the makers of Marlboro posted a fourth quarter profit that more than doubled, due to higher prices of cigarette prices and the low debt paying costs.

Though IBM Struggles to Catch Up with Profits Yet Its Boss Gets a Bonus

Virginia RomettyIn spite of the drop in sales and profits in 2014, Virginia Rometty IBM's boss will be receiving $3.6 million bonus for her last year's performance.

CEO, Rometty will be getting a 6.7 percent hike in the base salary that she draws. Since 2012, the time when she joined her present position, it has been $1.5 million. On Friday, in a regulatory filing the company said that she will be receiving $1.6 million in 2015.

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