June 28, 2019 7:13 am
Ford Motor Company (F) said earlier this week that it intended to cut about 12 000 job positions in Europe by the end of 2020, as the US company seeks to make its business in the region profitable again. Ford shares closed higher for a second consecutive trading session in New York on Thursday. It […]
Read moreJune 27, 2019 9:44 am
Boeing Co (BA) is to tie-up with flying car startup Kitty Hawk in relation with the development of a semi-autonomous flying vehicle, The Verge reported on Wednesday. Kitty Hawk, which is backed by Alphabets Chief Executive Officer Larry Page, is to cooperate with Boeing on the two-seat Cora flying vehicle, which could in time be […]
Read moreJune 27, 2019 7:18 am
Three managers have been reassigned in the Federal Aviation Administrations office, which oversees Southwest Airlines Company (LUV), Reuters reported by citing a person familiar with the matter. According to an earlier report by the Wall Street Journal, citing knowledgeable sources, the reassignments were also “prompted by allegations that managers retaliated against whistleblowers.” Shares of Southwest […]
Read moreJune 26, 2019 9:24 am
At a press conference earlier this week, Apple officials announced that the tech company planned to create 2 000 new jobs in Seattle over the upcoming five years in connection with a national expansion effort. Last year, the tech giant said it intended to boost its workforce in Seattle to more than 1 000 people […]
Read moreJune 26, 2019 7:13 am
Shares of Brighthouse Financial Inc (BHF) registered their largest single-session loss in over a year on Tuesday, after at least two brokerages downgraded the companys stock, since cuts in interest rates may probably reduce distributable earnings. Brighthouse Financial shares closed lower for the fifth time in the past nine trading sessions on NASDAQ on Tuesday. […]
Read moreJune 25, 2019 9:10 am
The newest installment in Walt Disney Cos talking-toy franchise, “Toy Story 4”, generated $118 million in Canada and the United States during its opening weekend, which extended a winning streak for the company that has so far encompassed titles such as “Captain Marvel”, “Avengers: Endgame” and “Aladdin”. Walt Disney shares closed lower for a second […]
Read moreJune 25, 2019 6:59 am
UBS upgraded on Monday Hostess Brands Inc (TWNK) from “Neutral” to “Buy”, as it cited multiple catalysts pointing to 25% upside for the shares. The firm also assigned a 12-month price target of $17 on the stock. Hostess Brands shares closed higher for a fourth consecutive trading session on NASDAQ on Monday. It has also […]
Read moreJune 24, 2019 7:40 am
Fred’s Inc (FRED) said on Friday that additional 49 underperforming stores would be closed as part of an ongoing effort aimed to optimize store footprint. On the other hand, the retailer noted that pharmacies would still remain open even after these stores are shut down. The company’s shares closed lower for the sixth time in […]
Read moreJune 21, 2019 9:28 am
In a tweet earlier this week, Netflix Inc (NFLX) stated that its “Murder Mystery” movie featuring actress Jennifer Aniston and actor Adam Sandler had been watched by 30.9 million account holders during its first three days. It has been the ”biggest opening weekend ever” for a Netflix original film, the digital media company said. Netflix […]
Read moreJune 21, 2019 6:44 am
Delta Air Lines Inc (DAL) said earlier this week that a technical glitch, which had affected booking, check-in and boarding services, might not lead to flight cancellations. Delta Air shares closed lower for the fifth time in the past fourteen trading sessions in New York on Thursday. It has also been the steepest daily loss […]
Read more
