Daily Management Review
Business & Finance

Quarter Revenues for Goldman Sachs the Lowest in More Than Four Years

As market volatility hit Goldman Sachs Group Inc's bond trading and investment banking businesses, the Wall Street bank's quarterly profit fell by more than half and revenue slumped to its lowest in more than four years.   Reflecting declines in all of its main businesses, Goldman, wrapping...

Net-Income For Wells Fargo Proves Better than Expected

The first quarterly income results of Wells Fargo for the year of 2016 show much better than it was thought. In spite of the downturn in the oil sector, the reports provided by the company of Wells Fargo show “better-than-expected quarterly results”.   In comparison to last year’s figures...

Burberry's shares went down

On Thursday, shares of British clothing and accessories manufacturer Burberry fell 7.5%, which the strongest decline since October last year. The reason for the drop is the company's financial report for the second half of the financial year 2015/16, when the revenue declined more than expected....

Oxfam Report Claims $1.4 Trillion Hidden by in Tax Havens by US Corporate

A very recent report by anti-poverty charity Oxfam claims that despite receiving trillions of dollars in taxpayer support, US corporate giants such as Apple, Walmart and General Electric have stashed $1.4 trillion (£980bn) in tax havens.   Oxfam said that the sum is held in an “opaque...

Music streaming services brought most of revenue in 2015

According to the annual report of the International Federation of the Phonographic Industry (IFPI), last year digital music sales have bypassed the physical (45% vs. 39%) for the first time in the history. Also in 2015, the overall market showed growth after a nearly continuous decline for the past...

Goldman Sachs to pay $ 5.1 billion of penalties

US Goldman Sachs have come to an agreement with the Ministry of Justice of the United States. The bank will pay US authorities $ 5.1 billion within settlement of case on the sale of mortgage securities before the crisis of 2008. This agreement is the final in a series of penalties assigned to banks...

Opposition Brews in the Deutsche Borse – LSE Tie-up

Amid mounting concern about the consequences for the merged entity if Britain votes to leave the European Union, opposition is growing in Germany to Deutsche Borse’s planned $20 billion merger with London Stock Exchange.   "It's a problem if the headquarters of the holding company will be...

Tata Steel Is Going To Sign The Deal On Selling Its Scunthorpe Plant

The company of Greybull is going to buy the Scunthorpe plant of Tata Steel in the coming week. In the coming Monday, Tata Steel is likely to sign a deal for rescuing its Scunthorpe plant.   The sale of Scunthorpe steelwork has been a talk of the market since the year of 2014, while BBC...

2016 could be a Troubled Year for US Banks due to a Dismal First Quarter

Analysts at Wall Street are of the view that since the financial crisis in 2007-2008, it has been the worst start to the year for US banks and predict poor first-quarter results after reporting begins this week.   The capital markets, and consequently loan growth, are weighed down by...

Stockholders Approve Merger of Marriott & Starwood Hotels to Create World's Largest Hotel Company

The stockholders of Starwood Hotels & Resorts Worldwide Inc and Marriott International Inc voted to approve Marriott's acquisition of Starwood to create the world's largest hotel company, the two companies said on Friday in the communiqué.   “Marriott International, Inc. and Starwood...
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