Steve Streit, the CEO of Green Dot Corporation is facing pressure from a San Francisco hedge fund to be moved out of office. Harvest Capital Strategies, which has 6.2 percent, stake in Green Dot sys that the longtime chief executive has not been able to manage the company properly which resulted in huge losses in the past few years.
Right at the beginning of the week, on Monday, FedEx said it is building a new distribution center in Cypress. The new distribution ware house for FedEx will be the biggest one for the company.
It is expected to be completed by 2017 and will sprawl over 800,000 square feet. The new facility will come in a location that's west of the Grand Parkway and north of FM 529.
Christine Lagarde, the Managing Director of the International Monetary Fund used the last day of the World Economic Forum in Davos to announce her candidacy for another term in office and secured quick support from all directions. The news that she might be facing possible trial in France did not stop the leaders from rendering support to her for a second term.
On Monday, McDonald's is scheduled to report its fourth quarter sales and earnings and expectations are high this time. Analysts' are hoping that the fast food chain will keep the momentum going which it pick up in Q3 with same-store sales growth of 0.9 percent. In two years, it was the very first a sales increase was reported by the largest fast food chain.
On Friday, the dollar somewhat firmed versus a basket of key currencies as traders could not decide whether there will be any action according to expectations that there will be monetary easing by some of the major central banks. The hopes for any further rate hike by the Federal Reserve also appear to fade, as jobless claims increased this week.
Last week, JPMorgan announced annual profits that that touched a record level and the company said on Thursday, that Jamie Dimon its CEO was paid $27 million in fiscal 2015 which is an increase from the $20 million paid the year before. JPMorgan's perked up results was attributed to cost-cutting. It helped to balance the slowing growth in revenue.
A new study has shown that depression of expectant father may be linked to risk of premature birth of babies. It was already known that depression in women during pregnancy increases the risk of low birth weight and premature birth but the study shows that depression in fathers can also have an impact on the health of the baby.
- Postage Prices will Decrease from Sunday; USPS not too Happy About It
- Marriott and Starwood Hotels & Resorts Worldwide Inc Shareholders Approve to $14.41 Sales Deal
- UK plan to impose additional tax on sugary drinks
- Obesity during pregnancy may increase risk of very ‘large babies’
- Dropping Sales at Gap’s Key Brands hurt the Company’s Shares