Macy’s Inc. (NYSE:M) gave out around $9 million in restricted stock to its top executives just days after the company laid off almost 25% of its corporate employees. Macy's executives awarded restricted stock According to SEC filings, the CEO of the struggling departmental store chain, Jeff Gennette, was given restricted...
American Airlines Group Inc (NASDAQ:AAL) reported a $2.1 billion loss in Q2 2020 compared to $662 million profit in Q2 2019. Without considering the aid provided by the government, its losses in the quarter are $3.4 billion. Cancellation at 80% The rising cases of coronavirus are forcing passengers to cancel their...
A Case for Gold – the Value in Kerr Mines There’s just something about gold…  it’s nice to own and invest in, but it can be fraught with problems when you try to analyze what a company’s worth.    We found a good one in Kerr Mines (TSX: KER) (OTC: KERMF). We’re...
Dallas, Texas 12/09/2013 (Financialstrend) - Tower Group International, Ltd. (NASDAQ:TWGP) which faced severe losses in the Q2 has started resorting to job cuts and recently cut about 140 jobs. The company is planning to cut its 10 percent workforce after it posted a loss of more than $0.5 billion for...
Dallas, Texas 09/12/2013 (Financialstrend) - Gold futures plummeted by over 20%/ounce in the wake of growing concerns that the Syrian military strike might just be averted. In addition to previous losses, there is now a $24.50 or 1.8% or $1,362.20/ounce decline in gold that is slated for a December...
Aleafia Health Inc. (OTCMKTS:ALEAF) announced the approval of its wholly-owned subsidiary, Canabo Medical Inc., by Janssen Pharmaceuticals Inc. for administering and prescribing the SPRAVATO® antidepressant nasal spray. The spray employs the latest mechanism of action in treating treatment-resistant depression disorder. Aleafia’s Canabo clinics to administer SPRAVATO® So far, three Canabo clinics...
Ford Motor Company (NYSE:F) is counting on its recently launched Bronco to beat competition from other sporty cars like Jeep Wrangler. The automaker benched several features from the Jeep Wrangler. In July, Ford announced that it received over 150,000 reservations for the SUV, which had been launched a few...
Mastercard Inc (NYSE:MA) and Visa Inc (NYSE:V) are two of the largest card and electronic payment companies worldwide. The two companies power billions of transactions globally every year. COVID-19 has led to a drop in card transactions The COVID-19 pandemic that has crippled economies around the world has led to a...
The software engineers and data scientists at Visa Inc (NYSE:V) developed and introduced an AI-based Tool to approve or deny card transactions during a network outage or disruptions caused by natural calamities. Analyses past spending behavior The AI-based system analyses the past spending behavior, relations with the bank, location, and timing...
Tesla Inc (NASDAQ:TSLA) filed a lawsuit against its potential rival Rivian, accusing later of poaching employees and later using some of them to steal trade secrets. According to the lawsuit, Rivians hired dozens of former employees of Tesla, some of whom went confidential organizational, manufacturing, and recruiting information. These...