July 15, 2019 8:12 am
According to an announcement by United Continental Holdings Inc (UAL) on Friday, its Boeing 737 MAX jets are to remain off its flight schedule until November 3rd, as global grounding continues. This would result in 2 100 flights canceled in September and 2 900 cancellations in October, the company said. Previously, the air carrier had […]
Read moreJuly 12, 2019 9:21 am
Delta Air Lines Inc’s quarterly adjusted earnings, reported on Thursday, exceeded Wall Street estimates, as benefits were drawn from higher fares. Delta Air shares closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since July 2nd. The stock went up 1.16% ($0.69) to […]
Read moreJuly 12, 2019 7:05 am
Fiat Chrysler intends to invest a total of EUR 700 million in the establishment of a production line for a new electric version of its 500 model (BEV), according to a top executive from the company. The investment represents part of a EUR 5 billion investment plan, which is to be carried out in Italy […]
Read moreJuly 11, 2019 9:20 am
American Airlines Group Inc (AAL) said yesterday that it expected the grounding of Boeings 737 MAX aircraft to reduce earnings by almost $185 million in the second quarter, since thousands of flights had to be canceled. American Airlines shares closed higher for the seventh time in the past eleven trading sessions on NASDAQ on Wednesday. […]
Read moreJuly 11, 2019 6:41 am
According to a report by Bloomberg earlier this week, citing an internal email by Tesla Inc, the auto maker is in preparations to ramp up production at its facility in Fremont, California. Tesla shares closed higher for the fifth time in the past eleven trading sessions on NASDAQ on Wednesday. The stock went up 3.85% […]
Read moreJuly 10, 2019 9:38 am
PepsiCo Inc’s second-quarter revenue and earnings, reported on Tuesday, exceeded Wall Street estimates, supported by robust demand for the companys sodas, Lays chips and sparkling waters. PepsiCo shares closed lower for a third consecutive trading session on NASDAQ on Tuesday. It has also been the steepest daily loss since July 5th. The stock went down […]
Read moreJuly 10, 2019 7:06 am
J.P. Morgan on Tuesday revised up its 12-month price target on Apple Inc (AAPL) from $233 to $239, as research by analyst Samik Chatterjee suggested a stronger iPhone replacement cycle in 2020 than previously anticipated. The firm also maintained an “Overweight” rating on the stock. Apple shares closed higher for the fifth time in the […]
Read moreJuly 9, 2019 9:32 am
GTT Communications Inc (GTT) said on Monday that it had agreed to acquire Netherlands-based KPN International, a division of KPN N.V., in a cash deal estimated at EUR 50 million. The acquisition is expected to be finalized during the third quarter of 2019, subject to approvals from regulatory authorities. KPN International operates a global IP […]
Read moreJuly 9, 2019 7:01 am
As of the end of the July 4th holiday weekend and after being in the cinemas for 73 days, “Avengers: Endgame” has generated $2.772 billion in worldwide earnings, according to a report by CNBC. That is only $15 million short of the record $2.787 billion in theatrical box office earnings, generated by “Avatar” since it […]
Read moreJuly 8, 2019 8:19 am
Netflix Inc could see its subscriber base shrinking substantially, in case it adds advertising to its streaming service. Such a conclusion was based on results from a survey of 1 765 TV customers in the United States aged between 16 and 74, who watch at least one hour of television every week and have broadband […]
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