January 30, 2020 10:29 am
According to a report by Bloomberg, citing sources with knowledge of the matter, J.P. Morgan Chase & Co (JPM) intends to cut hundreds of jobs throughout its consumer unit. No exact number of job cuts was highlighted in the report, but yet, the media said the planned layoffs represented nearly 1% of people employed at […]
Read moreJanuary 30, 2020 8:07 am
Boeing Co’s (BA) acquisition of Embraer SA’s commercial aviation unit has been approved without restrictions by Brazil’s Cade, a statement on the antitrust regulator’s website showed. Boeing shares closed higher for the fourth time in the past ten trading sessions in New York on Wednesday. The stock went up 1.72% ($5.46) to $322.02, after touching […]
Read moreJanuary 29, 2020 10:03 am
Exxon Mobil Corp (XOM) said earlier this week that it had boosted its estimated recoverable resources in Guyana to over 8 billion oil-equivalent barrels. The company also discovered more oil northeast of the Liza field, at the Uaru exploration well. This has been Exxon’s 16th discovery on the Stabroek Block. Exxon Mobil shares closed lower […]
Read moreJanuary 29, 2020 7:51 am
Pfizer Inc’s (PFE) fourth-quarter earnings, reported on Tuesday, fell short of Wall Street estimates, as sales of its Ibrance drug also came in below expectations. Pfizer shares closed lower for the sixth time in the past ten trading sessions in New York on Tuesday. It has also been the steepest daily loss since July 30th […]
Read moreJanuary 28, 2020 10:43 am
Tesla Inc’s (TSLA) Chief Executive Officer Elon Musk attempted to soothe environmental concerns regarding the company’s planned facility in Germany, as he said that less water would be used than initially estimated. In planning documents, the electric car maker had stated that the facility would require 372 cubic meters of water per hour from the […]
Read moreJanuary 28, 2020 7:48 am
Lockheed Martin Corp (LMT) said on Friday that General Joseph F. Dunford Jr., former Chairman of the Joint Chiefs of Staff, had been elected to its Board of Directors, effective February 10th. Lockheed Martin shares closed lower for the fourth time in the past ten trading sessions in New York on Monday. The stock inched […]
Read moreJanuary 27, 2020 9:32 am
Walmart Inc (WMT) is about to offer a higher minimum wage for a selection of newly created job positions at 500 of its US stores, since the retailer seeks to ensure better customer in-store experience. Walmart shares closed lower for a second consecutive trading session in New York on Friday. It has also been the […]
Read moreJanuary 24, 2020 10:01 am
Southwest Airlines Co’s (LUV) fourth-quarter earnings, reported on Thursday, missed Wall Street estimates on rising Boeing 737 MAX costs. The company also warned that flight cancellations would likely be extended beyond June. Shares of Southwest Airlines closed higher for the fifth time in the past ten trading sessions in New York on Thursday. It has […]
Read moreJanuary 23, 2020 10:11 am
Cruise, General Motors Co’s (GM) self-driving vehicle division, revealed earlier this week a prototype electric vehicle with no steering wheel or pedals, named “Cruise Origin” and developed in cooperation with Honda Motor Co Ltd. General Motors shares closed lower for a second consecutive trading session in New York on Wednesday. The stock edged down 0.23% […]
Read moreJanuary 23, 2020 8:29 am
According to an announcement by Boeing Co (BA) on Wednesday, it has agreed with Israel’s Tactical Robotics to explore opportunities to develop a ducted fan propulsion technology, which could be potentially used for piloted and autonomous light aircraft. However, financial terms of the agreement remained undisclosed. Boeing shares closed lower for a third consecutive trading […]
Read more
