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M&T Bank Corporation Beats on Fourth-Quarter Results

M&T Bank Corporation Beats on Fourth-Quarter Results

On Thursday, M&T Bank Corporation (NYSE: MTB) posted its results for the fourth quarter, with both revenue and earnings beating estimates.According to the company, for the fourth quarter, revenue of the bank increased from $1.35 billion for the ..

Adidas Increases Focus to Up U.S. Market Share

Adidas Increases Focus to Up U.S. Market Share

When people think of Adidas in the U.S., sportswear, sneakers, and the infamous trackpants immediately come to mind. The German sportswear maker plans to increase its U.S. market share to around 15-20% in the new year from the approximate 10% that m..

SoftBank is Planning an IPO of $18 Billion for its Unit of Mobile Phones

SoftBank is Planning an IPO of $18 Billion for its Unit of Mobile Phones

The SoftBank Group is planning to register its business of mobile phones by raising approximately $18 billion, a spin-off which would complete the transformation of the telecoms conglomerate in Japan and make it an international technology investor...

Nissan Recalling 1.2 Million Cars in Japan

Nissan Recalling 1.2 Million Cars in Japan

On Monday, Nissan announced plans to recall 1.2 million vehicles in Japan after final vehicle inspections were not performed by authorized technicians. This recall would cost about 25 billion yen ($222 million) to re-inspect cars such as the Note co..

General Mills Shares Fell to Nearly Two Year Lows

General Mills Shares Fell to Nearly Two Year Lows

General Mills (NYSE: GIS) reported a lower than expected quarterly profit as cereal and yogurt sales declined in the U.S. which brought the company’s shares down 9% marking it the lowest levels in nearly two years. Since there has been a recen..

Universal Logistics Holdings Provides Outlook for Q2 Results

Universal Logistics Holdings Provides Outlook for Q2 Results

This week, Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the plan to release its Q2 financial results after the market closes on July 27, 2017. The company also provides guidance for the financial results for the second quarter.Universa..

China’s Cosco Shipping Holdings Buy’s Stake in Orient Overseas International Ltd

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..