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01 Apr, 2020
Kohl's Reported Worse-than-Expected Earnings, Shares Drop
Kohl's Corporation (NYSE: KSS) reported worse-than-expected third-quarter earnings on Thursday. The results were influenced by higher costs and hurricanes. Shares of the company dropped 6.9% to $37.97 per share after the announcement.For the thi..
Costco to Pay Tiffany $19 Million for Selling Counterfeit Rings
U.S. District Judge Laura Taylor Swain ruled on Monday that Costco Wholesale Corporation (NASDAQ: COST) is to pay Tiffany & Co. (NYSE: TIF) $11.1 million in trebled profits plus interest, as well as $8.25 million in punitive damages.Swain&r..
Molina Healthcare Reported Financial Results for the Second Quarter
This week, Molina Healthcare, Inc. (NYSE: MOH) announced its Q2 financial results, with a net loss but revenue beating expectations.For the second quarter of 2017, the company reported a net loss of $4.10 per share, compared with analysts’ est..
China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd
For $6.3 million, China’s Cosco Shipping Holdings Co. decided to buy a controlling stake in Hong Kong based Orient Overseas International Ltd. (OOIL) This resulted in a deal that would expand China’s container shipper services, making it..
Takata Files for Bankruptcy
Japan’s Takata Corporation filed for bankruptcy protection in Japan and the United States and agreed to be acquired for $1.6 billion by Key Safety Systems which is Chinese owned and U.S. based. Takata faces tens of billions of dollars in costs..
German Aldi to Invest $3.4 billion in US Igniting Rivalry with Lidl
German grocery chain Aldi announced over the weekend that it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022. Aldi operates 1,600 U.S. and is now planning to open 900 new stores over the next five years. The announcement was..
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