Jacob Bishop
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Alcoa Posts Loss after Taking Charges

Alcoa Inc opened the earnings season late Monday afternoon posting a loss for its fourth quarter because of restructuring charges. At the same time, its revenue was down 18% compared to the same quarter one year ago amidst sharply lower…

Seattle Genetics (SGEN) Stock Up 3% After FDA Expanded The Approved Use of Adcetris

Seattle Genetics (SGEN) is up 3% in the last hour and 6% for the day after FDA today published a news release with keywords: “ADCETRIS PATIENTS REVIEW CHEMOTHERAPY APPROVAL CELL APPROVED LYMPHOMA AGENCY ONCOLOGY“. FDA expanded the approved use of Adcetris…

California Wage Increase to $15 Per Hour Could Cost Jobs

A political deal that would increase the minimum wage in California to $15 per hour, which would lead the country, could help workers cope with the extremely high cost of living in the state but also might deprive other earners…

Foxconn Puts Hold on Bid of $5.5 Billion for Sharp

On Thursday, for a few hours it looked as if Sharp, the ailing consumer electronics business based in Japan, had secured a takeover of $5.5 billion from Taiwan-based Foxconn, the huge contract manufacturer that assemblies products for Apple as well…

Credit Suisse Targeting Job Cuts, Loss for Quarter Forecasted

Tidjane Thiam the CEO at Credit Suisse Group AG has pledged to speed up the process of restructuring through steeper cuts in costs and the elimination of another 2,000 jobs as he has forecast a loss for the first quarter.…

ACEA: Car Sales in Europe Increase 6.3% During January

Car sales across Europe were up 6.3% during January to 1,093, 560 vehicles, industry data indicated on Tuesday. This came even as the largest European carmaker Volkswagen saw the registrations of its VW branded vehicles drop by 4% following its…

Apple Settles Italian Tax Evasion Allegations (NASDAQ:AAPL)

Apple has reportedly agreed to pay about $347.6 million to Italian authorities to settle allegations of tax evasion, according to sources with knowledge of the matter. Apple is the maker of iPhones, iPads and other popular tech products and is…

Kroger Announces Planned Acquisition Of Roundy’s (NYSE: KR)

The Kroger Co., the nation’s largest supermarket operator, has announced an $800 million deal to acquire Roundy’s. Kroger Chief Financial Officer Mike Schlotman said that Kroger hopes to achieve $40 million in cost savings once the deal closes later this…

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