March 12, 2020 8:10 am
Citigroup Inc (C) announced on Wednesday that Loretta Ko had been appointed as head of its financial institutions group for Hong Kong. Citigroup shares closed lower for the seventh time in the past ten trading sessions in New York on Wednesday. The stock went down 8.64% ($4.80) to $50.78, after touching an intraday low at […]
Read moreMarch 11, 2020 10:10 am
An employee at Apple Inc’s European headquarters in Ireland has been infected with COVID-19, the tech giant said. The employee is now in self-isolation, the company said. Apple shares closed higher for the fourth time in the past ten trading sessions on NASDAQ on Tuesday. It has also been the sharpest single-session gain since March […]
Read moreMarch 11, 2020 8:04 am
RBC has revised down its 12-month price target on Qualcomm Incorporated (QCOM) to $81 from $92, as the firm highlighted disruptions to supply chain due to the coronavirus outbreak. At the same time, RBC maintained its “Sector Perform” rating on the stock. The shares of Qualcomm Incorporated closed higher for the fourth time in the […]
Read moreMarch 10, 2020 10:09 am
Apple Inc’s (AAPL) sales of mobile devices in China dropped below half a million units in February, as demand for such items was hurt by the coronavirus outbreak. Apple’s branded stores in the country remained closed for at least two weeks during the past month. Apple shares closed lower for a third consecutive trading session […]
Read moreMarch 10, 2020 8:07 am
According to a report by Reuters, citing a person with knowledge of the matter, Citigroup Inc (C) plans to split its trading personnel in Buffalo, New York, in order to ensure smooth operation of its trading desks amid spreading coronavirus across the state. The Wall Street bank intends to keep no more than 60% of […]
Read moreMarch 9, 2020 9:02 am
According to a report by Reuters, citing sources with knowledge of the matter, Morgan Stanley (MS) plans to relocate some of its sales and trading personnel from London to a secondary site in proximity to Heathrow airport, as it seeks to ensure smooth operation of its trading desks amid the coronavirus outbreak. Morgan Stanley shares […]
Read moreMarch 6, 2020 10:06 am
Southwest Airlines Co (LUV) said earlier this week that it might incur a hit of up to $300 million to its operating revenue during the first quarter due to the coronavirus outbreak. The company also revised down its quarterly revenue forecast. Shares of Southwest Airlines closed lower for the eighth time in the past ten […]
Read moreMarch 6, 2020 8:12 am
Wells Fargo & Co (WFC) revealed earlier this week plans to raise minimum hourly pay to between $15 and $20 for the majority of its US markets by the end of the current year. The pay raise is expected to affect more than 20 000 employees across the United States and is to be based […]
Read moreMarch 5, 2020 10:05 am
Lockheed Martin Corp (LMT) said earlier this week that it had delivered the 500th F-35 jet. The latter is a US Air Force F-35A, which will be delivered to the Burlington Air National Guard Base in Vermont. Lockheed Martin shares closed higher for the fourth time in the past ten trading sessions in New York […]
Read moreMarch 5, 2020 8:22 am
In a post, Facebook Inc’s (FB) Chief Executive Officer Mark Zuckerberg said that the social media company would provide free advertisements to the World Health Organization (WHO) in an attempt to combat coronavirus misinformation. The CEO said that users searching for publications on Facebook concerning the coronavirus would now be able to view a pop-up […]
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