Articles by: Miroslav Marinoff

Twitter shares gain the most in three weeks on Tuesday, Kathy Chen, Twitter’s executive for China, to leave the company

Kathy Chen, Twitter’s executive for Greater China, who took the job 8 months ago, sent a tweet during the weekend, stating she had decided to leave the company. A former employee at Microsoft and Cisco, Chen was brought in to popularize Twitter among Chinese advertisers. Although access to the social network has been blocked in […] Read more

Apple shares retreat the most in a month on Friday, company to trim iPhone production in Q1 2017

According to a Nikkei financial daily report, released on December 29th, Apple Inc is to reduce production of iPhones by approximately 10% during the first three months of 2017. The report reflected calculations based on data from suppliers. Apple shares recorded their largest daily slump since December 1st on Friday last week, while also marking […] Read more

Tesla shares drop a second straight session on Friday, Model X owner sues the company because of a ”sudden acceleration” issue

Last Friday a lawsuit was filed in US District Court in the Central District of California against Tesla Motors Inc by a Model X owner, who claimed that his electric SUV suddenly accelerated while parking, which led to a severe accident and, as a result, injured the driver and a passenger. According to the owner […] Read more

Johnson & Johnson shares rebound on Thursday, company said to be negotiating the acquisition of Actelion Ltd

According to persons familiar with the matter, who preferred to remain anonymous, Johnson & Johnson is currently in negotiations over the acquisition of Actelion Ltd, a Swiss biotechnology company. The potential deal is said to part Actelions commercialized portfolio from its research and development division. Johnson & Johnson shares closed higher on Thursday, rebounding after […] Read more

General Cable shares close higher on Thursday, company to pay over $75 million to resolve bribery allegations

According to the US Justice Department and Securities and Exchange Commission, the NYSE-listed General Cable Corp is expected to pay more than $75 million in fines to settle allegations it had suborned officials in China, Bangladesh and Angola. General Cable shares closed higher on Thursday, rebounding after a 2.27% slump in the previous trading session. […] Read more

Toshiba shares retreat a seventh straight session on Thursday, the company’s rating downgraded further into “junk” territory by Moody’s

Thursday marked the third consecutive session of massive losses for the Tokyo-listed electronic manufacturer Toshiba Corp., after it announced earlier this week a potential writedown amounting to several billion dollars in relation with a US nuclear business. The news spurred activity among ratings agencies. On Wednesday Moodys downgraded Toshibas corporate family rating (CFR) and senior […] Read more

US pending home sales shrink to a 10-month low in November, says NAR

According to the monthly report by the National Association of Realtors (NAR) released on Wednesday, contracts to buy previously owned homes in the United States were 0.4% fewer in November compared to the same month a year earlier. It followed two straight periods of increase, with the respective index of sales increasing 1.8% year-on-year in […] Read more