August 15, 2019 7:05 am
Macy’s Incs second-quarter earnings, reported on Wednesday, fell short of Wall Street estimates for the first time in two years, which sent its shares to lows not seen since early February 2010. The company also revised down its full-year forecast for adjusted profit, after it had introduced heavy discounts to clear spring inventory. Macy’s shares […]
Read moreAugust 14, 2019 9:28 am
Rite Aid Corp (RAD) said earlier this week that Heyward Donigan had been appointed as its new Chief Executive Officer, effective immediately. Donigan is to succeed John Standley, who has been in the CEO role since 2010. Rite Aid shares closed lower for a third consecutive trading session in New York on Tuesday. It has […]
Read moreAugust 14, 2019 7:34 am
According to a report by Reuters, citing industry sources familiar with the matter, Exxon Mobil Corporation (XOM) has already discussed with several North Sea operators a potential sale of some or all of its assets in the area, which could generate up to $2 billion. The report of a potential exit from the British North […]
Read moreAugust 13, 2019 9:35 am
Long Term Private Capital, BlackRock Inc’s new private equity fund, has invested $875 million in a stake in US-based Authentic Brands Group LLC, the asset manager said. This way LTPC has become the largest shareholder in Authentic Brands. BlackRock shares closed lower for a second consecutive trading session in New York on Monday. The stock […]
Read moreAugust 13, 2019 7:20 am
Stifel Financial Corporation (SF) said on Monday that it had agreed to buy certain assets of George K. Baum & Company, a leader in the structuring, underwriting and marketing of taxable and tax-exempt municipal securities, based in Kansas City, Missouri. Financial terms of the agreement, however, remained undisclosed. The deal is expected to be finalized […]
Read moreAugust 12, 2019 7:55 am
Walmart Inc has instructed workers at its US stores to remove signs and playable demos of violent video games. Walmart’s move came after the mass shootings in Ohio and Texas, which led to the death of 31 people. One of the incidents occurred in a company store. However, the company did not change its policy […]
Read moreAugust 9, 2019 10:27 am
Salesforce.com Inc (CRM) said on Thursday that it had agreed to buy Israeli software development company ClickSoftware in a cash and stock deal valued at $1.35 billion. The acquisition is expected to accelerate the growth of Salesforces Service Cloud platform. Salesforce shares closed higher for the fifth time in the past sixteen trading sessions in […]
Read moreAugust 9, 2019 6:59 am
According to a statement by Russias Federal Antimonopoly Service on Thursday, it has launched an investigation into whether Apple Inc (AAPL) abused its position of power in the country following a complaint from cybersecurity firm Kaspersky Lab. Apple shares closed higher for a third consecutive trading session on NASDAQ on Thursday. The stock went up […]
Read moreAugust 8, 2019 9:58 am
According to a report by Bloomberg earlier this week, last year a cease-and-desist letter was sent to Tesla Inc (TSLA) by the US National Highway Traffic Safety Administration (NHTSA), as the electric car maker failed to comply with the regulator’s guidelines in its statements regarding Model 3 safety. The NHTSA also demanded that Tesla provided […]
Read moreAugust 8, 2019 7:08 am
Walt Disney Company (DIS) intends to bundle its three streaming services – Disney+, ESPN+ and ad-supported Hulu, for a monthly cost of $12.99. According to Walt Disneys Chief Executive Bob Iger, the bundle will be available for US customers when Disney+ is launched on November 12th. Walt Disney shares closed lower for the sixth time […]
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