Yahoo Inc Chairman Fred Amoroso is resigning effective immediately, the struggling Internet company announced on Thursday. Amoroso will be replaced in the chairman role by director Maynard Webb Jr. on an interim basis until the company’s annual shareholder meeting on June 25. Amoroso, a former IBM Corp executive, will remain […]
Author: InvestAdvocate
Amazon reports lower 1Q earnings, higher revenue
Amazon.com reports lower 1st-quarter earnings but beats analysts’ expectations Amazon.com Inc.‘s net income declined in the first three months of the year even though revenue increased 22 percent, as the online retailer continued to spend heavily on order fulfillment and rights to digital content. The world’s largest online retailer, which […]
CBN mops up N4tn from circulation
The Central Bank of Nigeria has mopped up over N4tn from the system since the beginning of the year, a report has shown. According to a report obtained from the Financial Derivative Company Limited on Thursday, the amount mopped up represents 25 per cent of total money supply. The Managing […]