June 13, 2019 7:00 am
Ford Motor Company (F) announced on Wednesday that a new research center had been opened in Tel Aviv to support the companys automotive and mobility businesses. The center is to identify technologies and start-up firms in areas such as automated-systems research, sensors, in-vehicle monitoring, connectivity and cyber security. Ford shares closed lower for the fourth […]
Read moreJune 12, 2019 9:18 am
Intel Corp said on Tuesday that it had agreed to acquire Barefoot Networks, an emerging leader in Ethernet switch silicon and software for use in data centers. However, the terms of the deal remained undisclosed. Barefoot Networks is expected to aid Intel’s data center group in meeting the fast-changing needs of its hyperscale cloud customers. […]
Read moreJune 12, 2019 7:08 am
MoffettNathanson on Tuesday raised its rating on Facebook Inc (FB) from “Neutral” to “Buy”, as it cited “improving underlying fundamentals” and new opportunities for growth that could mitigate regulatory risks. The firm has assigned a 12-month price target of $210 on the stock. Facebook shares closed higher for a sixth consecutive trading session on NASDAQ […]
Read moreJune 11, 2019 9:49 am
At the Xbox E3 conference in Los Angeles, Microsoft Corporation (MSFT) revealed its next-generation Xbox game console, dubbed “Project Scarlett”, which is expected to be made available for purchase during the holiday season of 2020. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Monday. The stock went up 0.91% ($1.20) […]
Read moreJune 11, 2019 6:47 am
American Airlines Group (AAL) said during the weekend that it would extend cancellations of some 115 daily flights through September 3rd, as Boeings 737 MAX still remains affected by the grounding order. The air carrier had previously announced that flights would be canceled until August 19th. American Airlines shares closed lower for the ninth time […]
Read moreJune 10, 2019 8:02 am
Walmart Inc said last week that it would relaunch a service, which offers the delivery of groceries straight to customers’ refrigerators, as the retailer explores new ways of offering less costly and fast delivery of on-line orders. Starting in the fall, the service will be provided to more than 1 million clients at locations such […]
Read moreJune 7, 2019 9:21 am
Ford Motor Company (F) intends to shut down its engine facility located in Bridgend, south Wales, by September 2020, which would place 1 700 job positions at risk, a British trade union said in a statement on Thursday. Ford’s contract to supply Jaguar Land Rover also ends in September 2020, Reuters reported. Ford shares closed […]
Read moreJune 7, 2019 7:18 am
Goldman Sachs earlier this week upgraded United Continental Holdings Inc (UAL) from “Neutral” to “Buy”, as it cited a possible share price rebound during the second half of 2019. The firm maintained its 12-month price target on the stock at $108 per share. United Air shares closed higher for a fourth consecutive trading session on […]
Read moreJune 6, 2019 9:17 am
At a news conference in Montreal earlier this week, General Motors Company (GM) revealed a new partnership with French tire manufacturer Michelin, focused on developing a radical new type of wheel, which is to replace the conventional pneumatic tires. General Motors shares closed higher for a third consecutive trading session in New York on Wednesday. […]
Read moreJune 6, 2019 7:30 am
According to regulatory filings by American Airlines Group (AAL), the air carriers top six executives earlier this week purchased as many as 85 000 shares of the company’s common stock worth nearly $2.4 million. American Airlines shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The stock went up 4.26% ($1.24) […]
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