AT&T Inc., the second largest wireless carrier company, said on Tuesday that they missed estimates in quarterly revenue due to lower sales of equipment as customers have kept hold on to their phones for longer time periods and because the wireless carrier competitors have started offering new promotions like unlimited data plans. The company said …
The Wells Fargo scandal where the employees and executives created about millions of fake bank accounts to meet with targets and earn extra incentives from the bank has already costed about 5300 people their jobs, a lot of which were just tellers and low level employees. After kicking 5300 people out, the bank clawed back …
Because of a slight mix-up in misbranding due to a crazy switcheroo, the Campbell Soup Company had to recall their Homestyle Chicken Soup cans. The company recalled nearly 4,185 Pounds of home-style chicken soup products on Saturday. The cans that were recalled by the company had the label of Whole Grain Pasta variant of Campbell’s …
The profits Verizon Communications Inc. plunged 20% in Q1 as it lost its wireless customers. In premarket trading on Thursday, the company’s shares sunk over 2%, while the stocks have dropped by over 8% from the starting of this year. This New York-based carrier was once the superlative leader of the wireless industry in the …
Maurice Obstfeldt, a writer at World Economic Outlook by IMF said that the world is witnessing a turning point. The report, which was published, stated that the global growth for this year would be 3.5%. This is up from 3.1%, which was the prediction for 2017 in 2016. The forecast of UK’s economy is that …