News

Lululemon Athletica Inc. (NASDAQ/LULU) announced its earnings for the first quarter of fiscal 2015 ended May 3. The Canadian-based yogawear retailer expects to see higher revenue and profit in the coming fiscal year. Founded in 1998, Lululemon's first real store opened in November of 2000 in the beach…

On Monday, June 8, the Chinese General Administration of Customs announced its report on exports and imports for the month of May 2015. (Source: General Administration of Customs, June 8, 2015.) Exports and Imports Declined Year-Over-Year Total exports were valued at 1.17 trillion yuan ($191.16 billion) for the…

On Sunday, June 7, 2015, the Government of Iceland agreed  to present before Parliament two bills of legislation sponsored by the Minister of Finance and Economic Affairs. Together, the two bills lay the foundation for a comprehensive strategy for capital account liberalization. (Source: Iceland Prime Minister’s Office, June…

On June 8, 2015, McDonald’s Corp. (NYSE/MCD) announced that global comparable sales decreased 0.3% in May. However, global sales edged in above expectations. (Source: McDonald’s, June 8, 2015.) McDonald's is the world's leading global food service retailer with over 36,000 locations serving approximately 69 million customers in over…

On Friday, June 5, Cardinal Health, Inc. (NYSE/CAH) announced that it would acquire The Harvard Drug Group for $1.115 billion. (Source: Cardinal Health, June 5, 2015.) Cardinal Health is a healthcare services company specializing in the distribution of pharmaceuticals and medical products. It serves more than 60,000 locations.…

Dish Network Corp. (NASDAQ/DISH) and T-Mobile US, Inc. (NYSE/TMUS) are negotiating a deal to combine the second-largest satellite TV operator in the United States with the fourth-largest wireless carrier. (Source: The Wall Street Journal, June 4, 2015.) On Thursday, June 4, 2015, Dish shares opened at $74.95, nearly…

Wal-Mart Stores Inc. (NYSE/WMT) will raise minimum wages for more than 100,000 of its U.S. workers in some departments. This is the second time the world's largest retailer has announced a wage hike this year. (Source: Reuters , June 2, 2015.) Wal-Mart Stores, Inc. is engaged in the…

Citigroup Inc. (NYSE/C) is expected to close its Banamex USA operation after government authorities began probes of possible violations of anti-money laundering laws, according to The Wall Street Journal. (Source: The Wall Street Journal, May 31, 2015.) Incorporated on March 8, 1988, Citigroup Inc. is a financial services…

Early Wednesday morning, on May 27, seven FIFA officials were arrested by Swiss police in a five-star hotel in Zurich. Meanwhile, U.S. prosecutors unveiled charges detailing “rampant, systematic and deep-rooted” corruption at the organization. The Fédération Internationale de Football Association, better known as FIFA, is the international governing…