Articles by: Miroslav Marinoff

Lockheed Martin shares gain for the first time in five sessions on Friday, CEO Hewson says agreement for lower F-35 costs on the horizon

Following a meeting with US President-elect Donald Trump on Friday, Lockheed Martin CEO Marillyn Hewson said the company was moving closer to a deal involving considerable cost reduction of its F-35 aircraft. Lockheed Martin shares closed higher for the first time in the past five trading sessions on Friday. The stock went up 0.76% ($1.91) […] Read more

Lowe’s shares gain the most in a week on Thursday, company to reduce workforce by “less than 1 percent”

According to a person with knowledge of the matter, cited by CNBC, Lowe’s Companies Inc is expected to reduce its workforce by “less than 1 percent” in the near future. The media also reported that the home improvement chain was to introduce changes to its store staffing model and to rearrange the roles and responsibilities […] Read more

Delta Air shares retreat the most in a week on Thursday, company reports a 37% slump in Q4 net income

A report by Delta Air Lines Inc, released on January 12th, revealed a 37% slump in the companys fourth-quarter net income to $622 million compared to the same quarter a year ago. Additionally, the carriers passenger unit revenue shrank 2.7% during the same period, due to a higher number of seats available for purchase on […] Read more

JP Morgan Chase shares gain the most in a week on Wednesday, JP Morgan Securities to pay $900 000 in relation with supervision issues

According to a statement by the US Commodity Futures Trading Commission (CFTC) from January 11th, JP Morgan Securities LLC, a division of JP Morgan Chase & Co, will have to pay $900 000 in order to settle allegations accusing it of not being able to properly supervise the process of fee charging to clients making […] Read more

Fiat Chrysler shares gain a ninth straight session on Wednesday, chances for the group to achieve 2018 objectives “greater than 50%”

According to a person familiar with discussions, at a meeting with Wall Street analysts on January 11th Fiat Chrysler Chief Executive Officer Sergio Marchionne said that the probability for the company to achieve its financial objectives for 2018 was “significantly greater than 50 percent”. Fiat Chrysler shares closed higher for a ninth consecutive session on […] Read more

Boeing shares gain for a fifth time in six sessions on Tuesday, an internal memo reveals key personnel layoffs

An internal memo by Boeing Company revealed on Tuesday potential involuntary layoffs of engineers this year, as the aircraft manufacturer encounters fierce competition amid lower jet shipments. The document also featured a number of job categories, which may be affected by voluntary layoffs in the state of Washington, South Carolina and Southern California. However, the […] Read more

Wells Fargo shares gain for the first time in four sessions on Tuesday, holding strives to rebuild trust with a new compensation scheme

Wells Fargo & Company revealed a new long-term compensation plan for branch bankers, which is to include incentives based on customer service rather than sales objectives, according to an internal document provided by Mary Eshet, a spokesperson from the bank holding. The new compensation structure comes at a time, when Wells Fargo is struggling to […] Read more