March 19, 2020 10:07 am
Citigroup, B. Riley and Barrington Research revised down their ratings on AMC Entertainment Holdings Inc (AMC), after the largest theater chain in the United States said it would temporarily go dark. AMC said that all US theaters would be closed for a period of 6 to 12 weeks due to the coronavirus pandemic, as the […]
Read moreMarch 19, 2020 8:08 am
United Airlines Holdings Inc (UAL) revealed earlier this week a 60% cut in its flight schedule for April, as it highlighted the adverse effect from the coronavirus pandemic on demand for air travel. Meanwhile, outbreak-related sell-off continued. United Air shares closed lower for a third consecutive trading session on NASDAQ on Wednesday. It has also […]
Read moreMarch 18, 2020 10:44 am
Facebook Inc (FB) announced on Tuesday plans to provide $100 million in cash grants and ad credits for 30 000 small businesses in more than 30 countries as a measure against the economic impact from the coronavirus pandemic. Facebook shares closed higher for the fourth time in the past ten trading sessions on NASDAQ on […]
Read moreMarch 18, 2020 8:33 am
Pfizer Inc (PFE) and BioNTech SE said on Tuesday that they had agreed to a letter of intent in relation with the co-development and distribution of a potential mRNA-based coronavirus vaccine against the COVID-19 illness. A Material Transfer and Collaboration Agreement has been executed by the two companies, which means they are able to begin […]
Read moreMarch 17, 2020 10:15 am
Nike Inc (NKE) said during the weekend that it would shut down stores in the United States and elsewhere, joining global retailers such as Lululemon Athletica Inc, Under Armour Inc, Urban Outfitters Inc and others in a move aimed to restrain the spread of the highly contagious COVID-19 respiratory illness. Nike shares closed lower for […]
Read moreMarch 17, 2020 7:55 am
Lockheed Martin Corp (LMT) announced on Monday that its Chief Executive Officer Marillyn Hewson would retire. Hewson joined Lockheed in 1983 and was appointed as CEO in January 2013. Lockheed Martin shares closed lower for the seventh time in the past ten trading sessions in New York on Monday. The stock went down 12.41% ($40.79) […]
Read moreMarch 16, 2020 9:06 am
Ford Motor Co (F) said last week that most of its white-collar staff would work from home, starting March 16th, as a measure against the spread of the coronavirus. In an email to staff, Ford’s Chief Executive James Hackett said that most of the company’s international white-collar workforce outside China would now work remotely. Ford […]
Read moreMarch 13, 2020 10:35 am
Starbucks Corp (SBUX) said earlier this week that US baristas, who had had exposure to the coronavirus, would be offered “catastrophe pay”. Starbucks shares closed lower for a second consecutive trading session on NASDAQ on Thursday. It has also been the steepest single-session loss in over a year. The stock went down 9.08% ($6.20) to […]
Read moreMarch 13, 2020 8:15 am
United Parcel Service Inc (UPS) said on Thursday that Carol Tomé had been appointed as its next Chief Executive Officer, effective June 1st. Tomé will replace David Abney, who presently is also Chairman of the Board. United Parcel shares closed lower for a second consecutive trading session in New York on Thursday. The stock went […]
Read moreMarch 12, 2020 11:34 am
Urban Outfitters Inc (URBN) on Wednesday updated on business trends prior to its management’s participation at the BofA Securities Consumer & Retail Technology Conference 2020. Urban Outfitters shares closed lower for the eighth time in the past ten trading sessions on NASDAQ on Wednesday. The stock went down 7.37% ($1.26) to $15.82, after touching an […]
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