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Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Reports Better-than-Expected Third Quarter Earnings

Goldman Sachs Group, Inc. (NYSE: GS) on Tuesday reported third-quarter earnings that topped analysts’ estimates, driven by higher net revenues in Investment Banking and Investment Management.The bank said net revenue rose 4% to USD 8.65 Billio..

Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America Strong Earnings Report Not Enough To Stop Share Price Drop

Bank of America (NYSE: BAC) began the day with a strong 3rd quarter earnings report which outperformed analysts’ expectations. The bank reported earnings per share, 43% higher than this time last year, of USD 0.66 (USD 0.04 greater than expect..

Harris, L3 Technologies Announce Merger Plan

Harris, L3 Technologies Announce Merger Plan

Harris Corp.(NYSE: HRS) and L3 Technologies Inc. (NYSE: LLL) said Sunday they will combine in the largest-ever defense industry merger, as the Pentagon expands budgets with an eye toward increased investment by contractors and quicker weapons d..

BP Works to Resume Oil Exploration in Libya

BP Works to Resume Oil Exploration in Libya

Yesterday, BP plc (NYSE: BP) Chief Executive, Bob Dudley, Chairman Eng. Mustafa of the National Oil Corporation (NOC) of Libya and, CEO of Eni (NYSE: E), Claudio Descalzi, signed a letter of intent involving the exploration and production sharing ag..

Papa John’s Shares Soar On Takeover Rumors

Papa John’s Shares Soar On Takeover Rumors

Trian Management Fund LP announced on Tuesday that it is considering a takeover bid for Papa John’s Inc. (NASDAQ: PZZA), according to the Wall Street Journal, sending shares of the restaurant franchise up 16% in after-hours trading.The activis..

Exxon Commits USD 1 Million For A Carbon Tax

Exxon Commits USD 1 Million For A Carbon Tax

Exxon Mobil Corp. (NYSE: XOM) announced it will commit USD 1 Million over two years to promote a tax on carbon emissions by corporations, marking one of the few times an oil company has given money to prioritize fighting climate change in Washi..

Microsoft and Grab Announce a Strategic Partnership

Microsoft and Grab Announce a Strategic Partnership

Microsoft Corp. (NASDAQ: MSFT) and Singapore-based ride-hailing company, Grab, announced a strategic partnership on Monday.Under the agreement, Grab will adopt Microsoft Azure as its preferred cloud platform whileMicrosoft will make a strategic inve..