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...
JPMorgan reports Q2 2014 earnings down 8 percent
JPMorgan reports Q2 2014 earnings, which declined by 8% as America’s largest bank (along with most others in the industry) struggles with falling incomes...
UK June inflation increased to 1.9 percent
UK June inflation rose to 1.9% (annualized) compared to 1.5% in May, driven by high increases in the prices of non-alcoholic drinks, food, footwear...
Citigroup mortgage probe settlement worth $7 billion agreed
A Citigroup mortgage probe settlement has been agreed with US authorities. America’s third largest bank will pay a total of $7 billion to various government...
Airbus unveils A330 Family enhancements
At the Farnborough Airshow in England today, Airbus unveiled its medium-range widebody A330 Family enhancements. The A330neo program consists of two versions – the...
Manchester United Adidas deal worth 750 million pounds signed
A Manchester United Adidas deal worth £750 million ($1.3 billion) has been signed by the English Premier League giant and the German sportswear maker....
Lindt Russel Stover takeover deal agreed
A Lindt Russel Stover takeover deal has been agreed by the two companies. The Swiss chocolate giant is to buy its American rival, creating...