December 16, 2019 9:22 am
Ford Motor Company (F) announced on Friday a recall of 547 538 of its Super Duty pickup trucks in the United States, Canada and Mexico due to heightened risk of post-crash interior fire. Ford shares closed lower for the fifth time in the past ten trading sessions in New York on Friday. It has also […]
Read moreDecember 13, 2019 10:14 am
Dana Inc (DAN) said on Thursday that the extension of its share repurchase program through December 31st 2021 had been authorized by the Board of Directors. Shares of Dana Inc closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since November 1st. The […]
Read moreDecember 13, 2019 8:22 am
A new analyst at UBS assigned a “Buy” rating on General Electric Company (GE), as he expected “the stock narrative to change from significant cash drag to successful transformation.” The new rating is an upgrade from “Neutral”, which was assigned by previous analyst. UBS also raised its 12-month price target on the stock from $11.50 […]
Read moreDecember 12, 2019 10:23 am
Facebook Inc (FB) is no longer among the top 10 places to work, according to Glassdoor. The company is now 23rd on a list of “Best Places to Work” in 2020, after being 7th in the preceding year. Facebook has faced heightened regulatory scrutiny over how it handles user data, as well as in relation […]
Read moreDecember 12, 2019 8:16 am
According to a report by Germany’s Bild newspaper on Wednesday, Tesla Inc (TSLA) intends to manufacture as many as 500 000 electric vehicles per year at a new facility located on the outskirts of Berlin. Tesla shares closed higher for a fourth consecutive trading session on NASDAQ on Wednesday. The stock went up 1.11% ($3.86) […]
Read moreDecember 11, 2019 10:16 am
Dollar General Corp (DG) announced on Tuesday that cannabidiol (CBD) cosmetic products would now be offered in over 1 000 of its stores in Tennessee and Kentucky amid increasing demand for such products. Dollar General shares closed lower for the seventh time in the past ten trading sessions in New York on Tuesday. The stock […]
Read moreDecember 11, 2019 7:43 am
France’s Autorité des marchés financiers (AMF) announced on Tuesday that it had imposed a fine of EUR 20 million ($22.16 million*) on Morgan Stanley (MS), as the Wall Street bank allegedly manipulated prices of sovereign bonds. The regulator said Morgan Stanley had manipulated prices of French and Belgian bonds in June 2015. Morgan Stanley shares […]
Read moreDecember 10, 2019 10:12 am
Goldman Sachs on Monday revised down its rating on Macy’s Inc (M) from “Neutral” to “Sell”, after the department store operator cut its full-year comparable sales and adjusted earnings forecasts. Goldman also cited “significant additional downside” to Macy’s operations, which could hamper its ability to reduce costs. The bank slashed its 12-month price target on […]
Read moreDecember 10, 2019 8:13 am
In an interview with CNBC, Microsoft Corp’s President Brad Smith said that Amazon’s decision to protest the Pentagon’s Joint Enterprise Defense Infrastructure (JEDI) contract had not made Microsoft delay its work on the huge cloud computing deal. The US Department of Defense awarded the $10 billion JEDI contract to Microsoft Corp on October 25th. Meanwhile, […]
Read moreDecember 9, 2019 8:30 am
Tesla Inc (TSLA) said last week that its Model 3 vehicles, manufactured in China, would receive government subsidies. The move is expected to help Tesla bolster its presence in the Chinese auto market. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. It has also been […]
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