February 25, 2020 8:09 am
PepsiCo Inc (PEP) said that it would acquire China’s Be & Cheery snack brand from domestic jujube maker Haoxiangni Health Food Co Ltd in a deal valued about $705 million. PepsiCo shares closed lower for the fourth time in the past ten trading sessions on NASDAQ on Monday. It has also been the steepest single-session […]
Read moreFebruary 24, 2020 8:50 am
Boeing Co (BA) has discovered debris in the fuel tanks of nearly 35 undelivered 737 MAX planes amid ongoing inspections. According to a report by Reuters, citing a source with knowledge of the matter, debris have been found in nearly 50% of the undelivered 737 MAX jets inspected so far. Boeing shares closed lower for […]
Read moreFebruary 21, 2020 11:04 am
Domino’s Pizza Inc’s (DPZ) US comparable sales, reported on Thursday, topped Wall Street estimates for the first time in at least a year, as the pizza chain has been opening new stores, introducing new menu items and has begun offering faster deliveries to attract customers. Domino’s Pizza shares closed higher for a seventh consecutive trading […]
Read moreFebruary 21, 2020 8:39 am
Morgan Stanley (MS) announced on Thursday that it would acquire E*Trade Financial Corp in an all-stock deal valued nearly $13 billion, as it seeks to boost its wealth management division. The deal is expected to be finalized in Q4 of 2020. Morgan Stanley shares closed lower for the fourth time in the past ten trading […]
Read moreFebruary 20, 2020 11:01 am
According to a report by Reuters, citing a Thai government official, General Motors Co (GM) is to lay off nearly 1 500 employees in Thailand starting this June. Earlier this week, the US auto maker announced that its two production facilities in the eastern industrial province of Rayong would be sold to China’s Great Wall […]
Read moreFebruary 20, 2020 8:07 am
DuPont Inc (DD) said on Tuesday that it had restored Edward Breen as its Chief Executive Officer. Breen, who at present serves as DuPont’s Chairman, is to replace Marc Doyle. DuPont shares closed higher for a second consecutive trading session in New York on Wednesday. The stock edged up 0.11% ($0.06) to $53.50, after touching […]
Read moreFebruary 19, 2020 9:44 am
Walmart Inc (WMT) on Tuesday reported slower-than-anticipated revenue and earnings growth during the fourth quarter due to a shorter holiday season and lower demand for items such as electronics, apparel and toys. The company also projected slower growth in on-line sales for the fiscal year. Walmart shares closed higher for a fifth consecutive trading session […]
Read moreFebruary 18, 2020 10:20 am
According to a report by the Wall Street Journal, Google plans to cut “a small number of employees” at its cloud computing division as part of a reorganization process aiming to enhance operations at a business that has become of greater importance to parent company, Alphabet Inc. Alphabet shares closed higher for the eighth time […]
Read moreFebruary 18, 2020 8:00 am
In an attempt to focus on profitable markets such as North America and China and as part of a prolonged restructuring program, General Motors Company (GM) said it would “wind down” its sales, design and engineering operations in Australia and New Zealand and would suspend its Holden brand in the same geographical area by 2021. […]
Read moreFebruary 17, 2020 9:23 am
International Business Machines Corp (IBM) said last week that it would not participate in the RSA cyber security conference, because of concerns related to coronavirus outbreak. The event is to take place between February 24th and February 28th in San Francisco. IBM shares closed lower for a second consecutive trading session in New York on […]
Read more
