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GE undergoes massive shakeup in top management
Industrial conglomerate General Electric Company (NYSE: GE), which faces heavy headwinds in several business segments, reported a 48% y-o-y decline in non-GAA earnings to $2.418 billion, or $0.28 per share, on revenues of $29.558 billion in Q2 2017. The company
Read MorePoor retail sales, Catalan referendum turns Euro weak
A strong Q2 employment growth in the Eurozone enabled the Euro dollar to rise against the Yen in early September. On the other hand, a downward revision of second-quarter GDP growth to 2.5%, from the first estimate of 4%, weakened
Read MoreIndian PM Under Pressure After Demonetization & GST Failures
Prime Minister Narendra Modi sent 1.2 billion people into shock on November 8, 2016 when his BJP Government announced a demonetization drive that was launched to eliminate black money and clean up corruption in the country. The finance ministry blacklisted
Read MoreVolkswagen’s ‘dieselgate’ scandal costs pile up to $30 bln
It is more than two years after the German automobile manufacturer Volkswagen AG (OTC: VLKAF) was caught using a software to fool pollution tests. Since then, the company had set aside about €22.60 billion ($26.7 billion) to buy back or
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