Articles by: Miroslav Marinoff

General Electric shares fall for a second session in a row on Wednesday, conglomerate to reduce its European workforce by 4 500

General Electric Company (GE) was reported to be considering a cut in its workforce across Europe. According to French newspaper Les Echos, 4 500 jobs are to be cut in Switzerland, Germany and the UK. The cuts are associated with businesses, which General Electric acquired from France’s Alstom two years ago. General Electric shares closed […] Read more

Home Depot shares fall for a second session in a row on Wednesday, company announces $15 billion in share buybacks

Yesterday Home Depot Inc (HD) disclosed a $15-billion share buyback program and $120 billion in targeted annual sales over the next three years, as the US largest home improvement chain seeks to speed up investment in stores, deliveries and employees. The new program is to replace a prior authorization of $15 billion, which Home Depot […] Read more

Goldman Sachs shares fall the most in three weeks on Tuesday, bank to hire 250 staff in Poland next year

According to a statement by Goldman Sachs Group Inc (GS) on Tuesday, the bank intends to hire 250 employees in Poland next year. The new hirings will encompass primarily back office roles such as treasury, human resources, risk management, operations and technology, which the bank does not consider necessary to locate in more expensive centres […] Read more

Ford shares fall the most in a week on Tuesday, company continues electric vehicle push in China

During an event in Shanghai yesterday, Ford Motor Company (F) announced plans to introduce 50 new vehicles in China by the year 2025, 15 of which are expected to be electrified vehicles. The news came at a time, when the US auto maker is seeking to accelerate its sales growth in the largest auto market […] Read more

Nike shares rebound on Monday, company to open new flagship store in early 2019

Nike Inc (NKE) said on Monday that it would open a new 69 000 square feet flagship store at 650 Fifth Avenue in New York in early 2019. Nike shares closed higher for the fifth time in the past seven trading sessions on Monday. The stock edged up 0.37% ($0.22) to $60.10, with the intraday […] Read more

Apple shares retreat for a second session in a row on Monday, company expected to pay back tax in first quarter of 2018

According to a statement by Irelands finance minister on Monday, Apple Inc (AAPL) is expected to begin payment of EUR 13 billion in back taxes into an escrow account during the first quarter of 2018. The record amount resulted from unfair tax incentives, which the tech giant had received from Ireland, the European Commission said. […] Read more

Macy’s shares close higher on Friday, company to hire additional workers for holiday season

Following the strong start of the holiday shopping season, Macy’s Inc (M) on Friday announced plans to hire additional 7 000 temporary workers at its traditional stores in order to service heavy client traffic. Macy’s shares closed higher for the sixth time in the past seven trading sessions on Friday. The stock went up 1.64% […] Read more

General Electric shares fall the most in two weeks on Friday, company dismisses workers at power division in New York

According to a statement by General Electric Company (GE) on Friday, it was dismissing workers at its power division in Schenectady, NY, in an attempt to cut costs, as net income in that business sharply decreased. General Electric shares closed lower for a second consecutive trading session on Friday. It has also been the steepest […] Read more

CVS shares gain the most in 16 months on Thursday, company moves closer to acquiring Aetna

According to a source with knowledge of the situation, CVS Health Corp (CVS) is approaching a deal to acquire Aetna Inc for more than $66 billion. The cash and stock deal could be announced during the upcoming week. CVS shares closed higher for a third consecutive trading session on Thursday. It has also been the […] Read more

Amazon shares rebound on Thursday, company seen as potential partner by Express Scripts head

According to Tim Wentworth, the Chief Executive Officer of Express Scripts Holding, Amazon.com Inc (AMZN) is seen as a potential partner rather than an industry rival. Amazon shares closed higher for the fifth time in the past seven trading sessions on Thursday. The stock went up 1.33% ($15.48) to $1,176.75, with the intraday high and […] Read more