July 23, 2019 6:51 am
Ford Motor Co said last week that it planned to lay off about 200 workers at its manufacturing facility in Oakville, Ontario, Canada in September. The auto maker also said that more layoffs were possible in January 2019. The latest layoffs were attributed to sluggish sales of the Lincoln MKT and Ford Flex, as both […]
Read moreJuly 22, 2019 8:16 am
PepsiCo Inc (PEP) said on Friday that it had agreed to acquire Pioneer Food Group of South Africa in a deal valued at $1.7 billion. According to PepsiCo, Pioneer Food Group’s portfolio is complementary to its own and is expected to help the company expand in sub-Saharan Africa through the addition of manufacturing and distribution […]
Read moreJuly 19, 2019 9:21 am
International Business Machines second-quarter earnings outstripped Wall Street estimates, driven by strength in the tech giants high-margin cloud business. IBM shares closed higher for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the sharpest daily surge since January 23rd. The stock went up 4.59% ($6.56) […]
Read moreJuly 19, 2019 6:34 am
Blackstones second-quarter earnings, reported on Thursday, topped Wall Street estimates, as assets under management grew 24% and inflows for the last twelve months hit a record. Blackstone shares closed higher for the third time in the past ten trading sessions in New York on Thursday. It has also been the sharpest daily surge since July […]
Read moreJuly 18, 2019 9:17 am
McDonald’s Corp said earlier this week that DoorDash had been selected as its new delivery partner. The move puts an end to an exclusive partnership between McDonald’s and UberEats. McDonald’s shares closed flat at $213.71 in New York on Wednesday. The stock registered an intraday high at $214.90, or a price level previously tested on […]
Read moreJuly 18, 2019 6:33 am
Bank of America Corp’s (BAC) second-quarter profit, reported on Wednesday, topped Wall Street estimates, as a healthy domestic economy supported loan growth in consumer banking. Bank of America shares closed higher for the fifth time in the past eleven trading sessions in New York on Wednesday. The stock went up 0.69% ($0.20) to $29.19, after […]
Read moreJuly 17, 2019 8:59 am
Tesla Inc (TSLA) said on Tuesday that it had removed the standard-range versions of its Model S and Model X vehicles from its line-up and had also adjusted pricing. Tesla shares closed lower for the sixth time in the past thirteen trading sessions on NASDAQ on Tuesday. The stock went down 0.44% ($1.12) to $252.38, […]
Read moreJuly 17, 2019 6:30 am
J.P. Morgan Chase & Co’s second-quarter earnings, reported on Tuesday, exceeded Wall Street estimates, as loan growth and higher interest income more than compensated for lower revenue from market trading activities. J.P. Morgan Chase shares closed higher for the tenth time in the past fourteen trading sessions in New York on Tuesday. It has also […]
Read moreJuly 16, 2019 9:12 am
UBS downgraded on Monday General Electric Company (GE) from “Buy” to “Neutral”, while advising market players to “take a breather after recent stock outperformance.” The brokerage also revised down its 12-month price target on the stock from $13.00 to $11.50. General Electric shares closed lower for the seventh time in the past thirteen trading sessions […]
Read moreJuly 16, 2019 6:58 am
In a statement during the past weekend, Amazon.com Inc said that it intended to establish a new warehouse in Germany and add over 2 800 permanent contract job positions in the country by the end of 2019. Amazon shares closed higher for a second consecutive trading session on NASDAQ on Monday. The stock went up […]
Read more
