Articles by: Miroslav Marinoff

General Electric shares gain for a third session in a row on Friday, company takes a step further to selling its industrial unit to ABB

According to people familiar with the matter, cited in a Bloomberg post on September 22nd, General Electric Company (GE) has taken a step closer to selling its industrial solutions unit to ABB Ltd, a Swiss engineering company, for an estimated amount of $2.5 billion to $3 billion. An agreement is likely to be announced by […] Read more

Time Inc’s shares close flat on Friday, company reported to be in negotiations over asset sale

In a regulatory filing on Friday, Time Inc (TIME) said it was in talks over the sale of some of its assets, including Time Customer Service as well as a majority stake in the Essence magazine. At the same time, the publisher warned about softness in its third-quarter print and advertising revenue compared to the […] Read more

Bank of America shares close lower on Friday, holding’s broker-dealer affiliate ordered to pay $2.5 million fine

Merrill Lynch, Pierce, Fenner & Smith Inc, Bank of Americas broker-dealer affiliate, was reportedly ordered by the US Commodity Futures Trading Commission to pay a $2.5 million fine yesterday in relation with record-keeping violations. Additionally, the unit was found to have not conducted proper supervision on its traders in 2010. Bank of America shares closed […] Read more

Boeing shares hit a fresh all-time high on Thursday, Southeast Asia order forecast revised up due to strong demand

According to a statement by Boeing Company (BA) earlier today, its 20-year forecast for plane orders in Southeast Asia has been revised up by 460 jets, as low-cost carriers such as Malaysias AirAsia, Indonesias Lion Air and Vietnams Vietjet continue to expand their operations. Boeing shares closed higher for a second consecutive trading session on […] Read more

Wal-Mart shares gain for a second session in a row on Wednesday, extra hours to be granted to personnel for holiday season

Instead of hiring seasonal workers for the holidays, Wal-Mart Stores Inc (WMT) said yesterday it would grant extra hours to its current staff. The retailer also said it intended to revive its “Holiday Helper” initiative by hiring more “helpers” in stores for the holiday season. “Helpers” are focused on providing assistance to clients in finding […] Read more

United Parcel shares close higher on Wednesday, 95 000 seasonal workers to be hired for holidays

According to a statement by United Parcel Service Inc (UPS) on Wednesday, it expects to hire 95 000 workers for the upcoming holiday season in order to service the expected growth in package volume. The peak season usually starts with Black Friday in November and continues through early January. United Parcel shares closed higher for […] Read more

Amazon shares fall for a fourth session in a row on Tuesday, company unveils Fire HD 10 tablet featuring hands-free Alexa

Pre-orders of the new Fire HD 10 tablet by Amazon.com Inc (AMZN) were reportedly initiated on September 19th. Priced at $149.99 the device is to offer hands-free Alexa experience. Amazon shares closed lower for a fourth consecutive trading session on Tuesday. The stock went down 0.44% ($4.33) to $969.86, after touching an intraday low at […] Read more

Apple shares close higher on Tuesday, Morgan Stanley revises up its price target for the stock to $194

Morgan Stanley was reported to have revised up its price target for Apple Inc (AAPL) to $194 from $182 previously. Additionally, the bank maintained an ”Overweight” rating on the stock. Apple shares closed higher for the second time in the past six trading sessions on Tuesday. The stock inched up 0.04% ($0.06) to $158.73, with […] Read more

NVIDIA shares hit a fresh all-time high on Monday, BofAML revises up its price target for the stock to $210

Bank of America Merrill Lynch was reported to have revised up its price target for NVIDIA Corporation (NVDA) to $210 from $185 previously. It is now the second-highest price target on the stock behind that of Evercore ISI ($250). Additionally, Bank of America Merrill Lynch maintained a ”Buy” rating on the stock. NVIDIA shares closed […] Read more

Goldman Sachs shares close higher on Monday, new investment banking co-heads appointed in Southeast Asia

Udhay Furtado and Harry Naysmith had been appointed as co-heads of Goldman Sachs’ investment banking division in Southeast Asia, an internal memo revealed. The document’s contents were confirmed by a spokesperson for the bank in Hong Kong. Goldman Sachs shares closed higher for the sixth time in the past seven trading sessions on Monday. It […] Read more