October 29, 2019 10:02 am
AT&T Inc’s third-quarter earnings, reported on Monday, topped Wall Street estimates, while operating revenue fell short of market expectations. The US wireless carrier added more mobile phone subscribers paying a monthly bill than anticipated during the latest quarter, as it bundled media content with phone plans. The company also announced a three-year strategic plan, which […]
Read moreOctober 29, 2019 7:46 am
According to a report by Reuters, citing sources with direct knowledge of the matter, Exxon Mobil Corp (XOM) is looking for a potential buyer for its refinery located in Billings, Montana. Exxon Mobil shares closed lower for the fifth time in the past fourteen trading sessions in New York on Monday. The stock went down […]
Read moreOctober 28, 2019 9:02 am
According to a statement by Boeing Co (BA) last week, the company is addressing safety recommendations by Indonesian regulators after calls for improved cockpit systems and oversight. Boeing shares closed lower for the sixth time in the past eleven trading sessions in New York on Friday. The stock went down 1.37% ($4.72) to $339.83, after […]
Read moreOctober 25, 2019 9:31 am
Amazon.com Inc (AMZN) said earlier this week that it had acquired healthcare start-up firm Health Navigator, or its second acquisition in the sector of healthcare services. However, the financial terms of the agreement remained undisclosed. Amazon shares closed higher for the seventh time in the past eleven trading sessions on NASDAQ on Thursday. The stock […]
Read moreOctober 25, 2019 7:20 am
Southwest Airlines Co’s (LUV) third-quarter earnings, reported on Thursday, surged 7.2% year-on-year, as sound demand for air travel and higher fares offset the $210 million hit to operating income from cancelled flights resulting from the global grounding of Boeing 737 MAX aircraft. Shares of Southwest Airlines closed higher for a second consecutive trading session in […]
Read moreOctober 24, 2019 9:10 am
An antitrust lawsuit has been filed on Monday by Intel Corporation against an investment company owned by SoftBank Group Corp. The US chip maker alleged that the same firm stockpiled patents to hold up tech companies with a number of lawsuits. In the lawsuit, Intel said that Fortress Investment Group had gained control of over […]
Read moreOctober 24, 2019 7:12 am
Eli Lilly and Company’s quarterly profit, reported on Wednesday, topped Wall Street estimates, supported by sales of its Humalog diabetes drug and by lower tax bill. Eli Lilly shares closed lower for the fifth time in the past eleven trading sessions in New York on Wednesday. It has also been the steepest daily loss since […]
Read moreOctober 23, 2019 9:02 am
Under Armour Inc said on Tuesday that its Chief Operating Officer Patrik Frisk would succeed founder Kevin Plank as Chief Executive Officer, effective January 1st 2020. Frisk is to join Under Armour’s board, while Plank is to remain executive chairman and brand chief, the company also said. Under Armour shares closed higher for a second […]
Read moreOctober 23, 2019 6:33 am
According to a Tuesday report by the Economic Times, citing sources with knowledge of the matter, in a correspondence with India’s Prime Minister Narendra Modi, Walmart’s Chief Executive Officer requested certainty and predictability in business environment in the country. Walmart shares closed lower for the fifth time in the past fourteen trading sessions in New […]
Read moreOctober 22, 2019 9:38 am
Microsoft Corp and business software group SAP announced on Monday a three-year collaboration aimed to help SAP’s large enterprise clients relocate their business processes into the cloud. Microsoft shares closed higher for the fifth time in the past eleven trading sessions on NASDAQ on Monday. The stock went up 0.74% ($1.02) to $138.43, after touching […]
Read more
