Credit Suisse (CS) pleaded guilty to tax evasion. The Swiss bank agreed to pay $2.6 billion dollars to settle charges with U.S. authorities that it helped wealthy Americans evade taxes. It is the first time in 20 years a major bank has pleaded guilty to a crime.
GoPro is creating some buzz today after it annouced it's going public. The action-camera maker disclosed its prospectus yesterday with plans to raise $100 million in an initial public offering. The company is expected to list on the Nasdaq and will trade under the symbol "GPRO.”
The Yahoo Finance team is watching retailers this morning. Staples (SPLS) shares fell in early trading. The office supply company missed earnings by $0.03 and sales fell for the fifth straight quarter. The company also said it expects sales to decline in the current quarter, as it faces tough competition from discounters and online retailers.
Home Depot (HD) stock also fell this morning. The home retailer's first-quarter earnings came in $0.03 shy of estimates, and sales of $19.7 billion also fell short of expectations, as the spring selling season got off to a slow start. However, the company raised its full-year earnings guidance to $4.42 a share from $4.38 a share. It also said it will buy back an additional $3.75 billion worth of stock over the rest of the year.
McDonald’s (MCD) has sparked a lot of talk on social media over its new mascot a Happy Meal box with teeth. In our poll today, we want to know what you think of McDonald's new mascot. Do you think McDonald's new Happy Meal mascot is creepy or cuddly? Cast your vote, or leave a comment below or on Twitter.