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Microsoft shares rebound on Monday, tech giant announces cloud partnership with SAP

October 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

Facebook shares gain the most in a week on Monday, Libra project may use currency-pegged stablecoins, executive says

October 22, 2019 7:16 am
Facebook Inc (FB) said over the weekend that its digital currency project Libra could use cryptocurrencies based on national currencies instead of using the initially proposed synthetic currency. Facebook shares closed higher for the seventh time in the past eleven trading sessions on NASDAQ on Monday. It has also been the sharpest daily surge since […] Read more

Exxon Mobil shares gain for a fifth straight session on Tuesday, oil major signs expertise-sharing deal with India’s Oil and Natural Gas Corp

October 16, 2019 9:51 am
According to a report by Reuters, citing sources with direct knowledge of the matter, Exxon Mobil Corp (XOM) is to offer its expertise and technology to India’s Oil and Natural Gas Corp Ltd (ONGC) in order to facilitate development of its resources in offshore blocks. Exxon Mobil shares closed higher for a fifth consecutive trading […] Read more

Citigroup shares gain for a fourth straight session on Monday, group agrees to pay $30 million fine for violating real estate holding rules

October 15, 2019 7:43 am
According to an announcement by the US Office of the Comptroller of the Currency on Friday, Citibank is to pay a fine of $30 million, as it repeatedly violated real estate holding rules and did not manage to meet its commitment to take corrective actions. Citigroup shares closed higher for a fourth consecutive trading session […] Read more