Tag: business news

Award-winning Global Connections for Women unveils successful 2015 annual report

GC4W's Global Commitment in 2015. Global Connections for Women Foundation (GC4W) 2015 Annual Report

Earlier today, Global Connections for Women (GC4W), a charitable organization with global reach of 3.5 million people and a three-pronged goal to connect, educate and empower women worldwide, released its 2015 annual report on ISSUU.   “The pages of this annual report are filled with inspiring journey and evidence of why there is a great… Read More

Will activist investors crack AIG?

AIG sign

American International Group Inc. (AIG) is facing highly publicized pressure to split up its business from Carl Icahn. The billionaire activist investor believes the multinational insurance company can cut down on costs and federal regulation by dividing into three separate companies — one for property-casualty coverage, another for life insurance, and the third for mortgages.… Read More

‘Star Wars’ puts EA way ahead of fiscal expectations

Electronic Arts corporate

Electronic Arts (EA) announced their financial results for the company’s second fiscal quarter on Thursday, and they have exceeded expectations.     The video game developer received a non-GAAP net revenue of $1.146 billion, when they were attempting to reach $1.075 billion. EA’s rising revenue comes as a surprise to many, since EA was voted… Read More

Pharmaceutical company embroiled in Enron-sized scandal

Valeant building

Valeant Pharmaceuticals International Inc. is in full-on crisis mode amidst accusations of fraudulent accounting practices. Citron Research, a provider of short-focused market commentary, has reported that the Canadian pharmaceutical company is storing excess inventory in subsidiaries and then reporting that inventory as sales revenue. These types of unethical accounting practices are very similar to those… Read More

Twitter CEO Jack Dorsey boosts employee morale after big layoffs

Twitter's Twitter page

Twitter CEO, Jack Dorsey, announced that he will be giving a third of his company stock to the employee equity pool. The shares are valued at around $200 million and make up about 1 percent of the company.   Dorsey tweeted that he made this decision because he wants to “reinvest directly in our people.”… Read More