How IBM’s Proposed Hiring Could Help the Tech Sector
Highest revenue per employee Earlier in this series, we discussed IBM’s (IBM) plan for hiring and training employees. Revenue per employee roughly indicates how much revenue a company is able…
IBM’s plans to hire and spend $1 billion in training Earlier in this series, we discussed how Donald Trump’s policies could weigh on the technology sector and IBM (IBM). Like…
PPG Industries’ (PPG) industrial coatings segment is the company’s second-largest revenue generator, contributing 36% of PPG’s total revenue in 2015.
Symantec (SYMC) has announced that the company is searching for a new CEO after its current CEO Michael Brown stepped down. Brown will continue in his position until a new CEO comes on board.
With IBM’s (IBM) recent acquisition of Bluewolf Group, IBM has announced ten acquisitions in the first three months of 2016.
Symantec announced that it intends to save ~$400 million per year by the end of fiscal 2018. Symantec will likely announce layoffs to save costs.
Cabot Oil and Gas (COG) had a bullish 1H15. The stock crossed over both its 50-day and 200-day moving averages in April.
Helmerich & Payne’s management believes that HP’s strong balance sheet and long-term contracts will help it to survive the energy market downturn.
To counter the long-term energy downturn, DO’s management is emphasizing cost-reduction, increasing its borrowing capacity, and acquiring new contracts.
Ensco’s (ESV) management expects upstream producers to accelerate their capex cuts in fiscal 2016. Ensco’s management expects to reduce its fiscal 1Q16 offshore unit labor costs by 15% compared to the fiscal 2014 level.
Transocean’s (RIG) management expects the energy market uncertainty to continue to affect the company in the next one to two years.
FMC Technologies’ (FTI) management believes that in fiscal 2016, offshore activities may stabilize at the fiscal 2015 level.
The breakup of CSC and CSRA into two separate companies, effective November 30, was likely the reason for the ~55% fall in CSC’s share price on November 30.
On November 30, 2015, Euronav announced that the board of directors appointed Carl Steen as a member of the board. He will be the chairman.
Energy price recovery is taking longer than Schlumberger management anticipated. It had to alter its capex and investment plans and modify its cost structure.
On Monday, November 23, Alcoa (AA) shares rose more than 4% after Elliott Management announced its stake in the company.
The management of Dean Foods stated its intent to focus on growing its business, planning to extend its products to the lactose-free category.
The stock of Barclays rose after the company announced that its new deputy chairman and senior independent director was to be Sir Gerry Grimstone.
The Hain Celestial Group’s management is concerned with its US grocery business, as it’s the largest contributor to the US segment’s sales.
Coty’s move of its headquarters to London, England, will allow the company to be located closer to its key strategic markets around the world.