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23-5-billion

Morgan Stanley CEO James Gorman’s 2016 pay up 7 pct to $22.5 million

January 21, 2017 by · Leave a Comment 

Gorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email. Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with the U.S. Securities and Exchange Commission. The filing did not provide greater detail on Gorman's total 2016 compensation.

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Morgan Stanley CEO James Gorman’s 2016 pay up 7 pct to $22.5 million

23-5-billion

U.S. department stores steady profitability boat even as sales slide

January 21, 2017 by · Leave a Comment 

U.S. department store chains, hit by slowing sales for more than two years, have used layoffs, store closings and cutbacks to maintain one aspect of stability: profit margins. An analysis of two important indicators of retail profitability, gross margins and operating margins, shows retailers like Kohl's Corp , JC Penney Co Inc , Macy's Inc and Target Corp have done a better job at delivering on profitability than maintaining sales growth.

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U.S. department stores steady profitability boat even as sales slide

23-5-billion

Apple files $1 billion lawsuit against chip supplier Qualcomm

January 21, 2017 by · Leave a Comment 

Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government filed a lawsuit that accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two companies together accounted for 40 percent of Qualcomm's $23.5 billion in revenue

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Apple files $1 billion lawsuit against chip supplier Qualcomm