January 15, 2020 10:05 am
Ford Motor Co (F) revealed plans to invest $82 million to expand annual production capacity at its facility in northern Vietnam to 40 000 vehicles from the current capacity level of 14 000 vehicles per year. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on Tuesday. […]
Read moreJanuary 15, 2020 8:31 am
Delta Air Lines Inc’s (DAL) fourth-quarter earnings, reported on Tuesday, exceeded Wall Street estimates on new customer growth and supported by client loyalty to the brand. Rival air carriers that operate Boeing 737 MAX aircraft are together cancelling over 10 000 monthly flights as the jet’s global grounding continues. On the other hand, Delta Air […]
Read moreJanuary 14, 2020 10:50 am
Ford Motor Co (F) reported a third straight year of declining vehicle sales in China in 2019. Its total vehicle sales went down 26.1% compared to 2018 to 567,854 vehicles. Ford’s total sales in China plummeted 37% in 2018 and another 6% in 2017. Ford shares closed lower for a second consecutive trading session in […]
Read moreJanuary 14, 2020 8:09 am
According to an announcement by the Federal Aviation Administration (FAA) last week, it intends to impose a fine of $5.4 million on Boeing Co (BA), as the plane maker did not manage to prevent installing defective parts on 737 MAX aircraft. Boeing shares closed higher for the fifth time in the past ten trading sessions […]
Read moreJanuary 13, 2020 9:15 am
Piper Sandler maintained its “Overweight” rating on Tesla Inc (TSLA) and bolstered its 12-month price target on the stock from $423 to $553. The firm said Tesla’s potential for growth in China had been underestimated by the market even after TSLA’s recent rally. Tesla shares closed lower for a second consecutive trading session on NASDAQ […]
Read moreJanuary 10, 2020 10:44 am
Walmart Inc (WMT) has opened 134 new stores in Mexico in 2019 to mark the largest expansion in the country in six years, while increasing its presence there by almost 5%. At present, the US retailer operates 3 407 stores in Mexico, where it runs more outlets than in any other country outside the United […]
Read moreJanuary 10, 2020 7:40 am
Apple Inc’s (AAPL) iPhone sales in China rose over 18% year-on-year in December to nearly 3.2 million devices, according to data from the China Academy of Information and Communications Technology. Apple shares closed higher for a second consecutive trading session on NASDAQ on Thursday. It has also been the sharpest daily surge since January 2nd. […]
Read moreJanuary 9, 2020 10:00 am
Apple Inc (AAPL) said earlier this week that its Apple News service now had 100 million monthly active users based in the United States, the United Kingdom, Canada and Australia. The number compares with 85 million users in the preceding year. Apple shares closed higher for the seventh time in the past ten trading sessions […]
Read moreJanuary 9, 2020 7:47 am
United Airlines Holdings Inc (UAL) said earlier this week that it could incur a non-cash impairment charge of $90 million during the fourth quarter associated with its routes to Hong Kong, as a result of local anti-government protests. United Air shares closed higher for the fourth time in the past ten trading sessions on NASDAQ […]
Read moreJanuary 8, 2020 10:31 am
Goldman Sachs Group Inc (GS) disclosed a new reporting structure, starting with the fourth quarter of 2019, under which details on its consumer business will be reported for the first time. Goldman Sachs shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.66% ($1.54) to $235.49, […]
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