Walmart Inc (NYSE:WMT) has settled a long-standing dispute with workers’ activists over the punishment of workers who said they faced mistreatment in the hands of managers for supporting to organize by wearing union insignia. In the new agreement, the company will have to publicly acknowledge in a number of its...
Wells Fargo & Co (NYSE:WFC) have to seek a formal approval in a vote taken by the Federal Reserve Board of Governors to have its growth restrictions lifted. This was announced by Jerome H. Powell, the chairman of Fed. This move is expected to eat into the company’s profits. Powell...
Trans Global Group Inc (OTCMKTS:TGGI) is planning to serve all its shareholders with an update regarding the latest developments in the company. Asides from that, it intends to share several insights regarding where the company is heading to in the remaining part of 2018. Latest transactions It was in the previous...
Transocean LTD (NYSE:RIG) recently announced that it has acquired 33.% stake in the West Rigel, a new-build harsh environment semisubmersible through a joint venture with Hayfin Capital Management LLP. Built by Jurong Shipyard Pte Ltd. a subsidiary of Sembcorp Marine Ltd. the total purchase price of the West Rigel...
The receiving of the contract award from Anadarko Petroleum Corporation (NYSE:APC) for the flowline and umbilical installation is the latest announcement made by McDermott International Inc (NYSE:MDR). Details regarding the deal A person well conversant with the matter but who wanted his identity kept anonymous has stated that it was in...
Current, which is powered by General Electric Company (NYSE:GE) has launched several new products at this year’s LIGHTFAIR International that was held in Chicago. The company hopes that the new products will be able to expand its portfolio of connected, retrofit and specialized LED and controls offerings. The company...
PETROLEO BRASIL/ADR (NYSE:PBR), Brazil’s state energy corporation has chosen French utility Engie as its preferred bidder for natural gas pipeline network. This is according to sources that sought anonymity and quoted by Reuters. The negotiations have so far been private and details very scanty. The two companies are expected...
KKR & Co. L.P. Unit (NYSE:KKR) has announced that it will be converting from a partnership to a corporation so as to take advantage of the tax reforms being initiated by the Trump administration. The move is aimed at winning more ETF investors and mutual funds for the company. In...
General Motors Company (NYSE:GM) has unveiled plans to begin producing 3D-printed components, in a move that will make the company attain its goal of expanding the current profile to 20 new fuel and electric car models. The plan could lead to production of car components that resemble rigid pieces...
Citigroup Inc (NYSE:C) has announced plans to seek a full banking license in Saudi Arabia. The move comes in the wake of several western banks that are eying the kingdom. Recently HSBC Holdings plc (ADR) (NYSE:HSBC) announced that it had secured a number of mandates for several acquisitions in...