Brazilian Leading Economic Index down again
The Brazilian Leading Economic Index (LEI) fell 0.2% in June, after declining in May (-1.8) and also in April (-0.4). The index has fallen...
Morgan Stanley Q2 earnings surged
Morgan Stanley Q2 earnings surged, driven mainly by a strong performance in the company’s wealth management operations. The American multinational financial services corporation has...
Google Q2 revenue climbed 22 percent
Search engine giant Google Q2 revenue climbed 22 percent to $16 billion from $13.1 billion in Q2 2013, while profits rose by 6% to...
Microsoft massive job cutting program announced
A Microsoft massive job cutting program involving up to 18,000 employees was announced today by the company. Most of the workforce reduction, approximately 12,500...
Apple IBM global partnership will transform enterprise mobility
An Apple IBM global partnership has been announced by the two companies, which they claim will transform enterprise mobility. In other words, the multinational...
eBay profits rose six percent
eBay profits rose by 6% to $676 million or $0.53 per diluted share, and revenue by 13% to $4.4 billion, beating some analysts’ predictions...
Bank of America Q2 profits plummeted
Bank of America Q2 profits plummeted due mainly to a rise in legal costs and a decline in mortgage income. Net income fell 43%...
Intel second quarter profits up 45 percent
Intel second quarter profits rose by 45% to $2.8 billion, driven mainly by greater-than-expected PC sales to corporate customers. Q2 2014 reversed prior quarter...
Yahoo Q2 profits fell by 18 percent
Yahoo Q2 profits fell by 18% to $270 million and revenues also declined, by 3% to $1.084 billion, the Internet giant reported on Tuesday....
What is a Leveraged Buyout (LBO)?
A leveraged buyout (LBO) occurs when one company acquires another company using borrowed money.
For an acquisition to be considered an LBO there has to...