May 21, 2019 7:18 am
According to a Monday report by Reuters, Goldman Sachs investment fund arm, Goldman Sachs Merchant Banking Division, is discussing a purchase of French chain B&B Hotels from private equity company PAI Partners. The Financial Times had reported earlier that the arrangement could be estimated at about EUR 1.9 billion. However, no financial details have so […]
Read moreMay 20, 2019 9:18 am
According to reports in the media, Facebook Inc (FB) has set up a financial technology company in Geneva, Switzerland, as it focuses on payments and blockchain. Handelszeitung reported that the social media company could be developing a cryptocurrency of its own, which would be tied to the US Dollar. This could render it much more […]
Read moreMay 20, 2019 6:29 am
According to a spokesperson for Boeing Co (BA), corrections have already been made to simulator software mimicking the flying experience of Boeing’s 737 MAX aircraft. At the same time, additional information has been provided to device operators. Boeing shares closed higher for a fourth consecutive trading session in New York on Friday. The stock edged […]
Read moreMay 17, 2019 10:10 am
Goldman Sachs Group Inc (GS) said on Thursday it had agreed to acquire United Capital Financial Partners Inc in an all-cash deal valued at $750 million. The purchase is to expand the Wall Street banks wealth management business, which encompasses Private Wealth Management and Ayco, and supervises almost $500 billion of clients assets. The acquisition […]
Read moreMay 17, 2019 6:56 am
Walmart Inc (WMT) on Thursday reported a slower-than-anticipated revenue growth during the first quarter as e-commerce sales growth decelerated, while same-store sales registered their largest annual growth in nine years. On the other hand, the company warned that higher tariffs on Chinese imports would result in higher prices for the end-consumer. Last week the Trump […]
Read moreMay 16, 2019 9:43 am
According to a report by Reuters, 270 000 Ford Fusion vehicles are being recalled by Ford Motor Company (F) in North America, as the cars could roll away. The auto maker said it was aware of three reports of property damage and one report of injury, which may be associated with the issue. Ford shares […]
Read moreMay 16, 2019 7:17 am
As a measure against hate speech and other abuses of its live streaming service, Facebook Inc (FB) announced on Wednesday that it would implement a “one strike” policy, under which users breaching its rules would be prevented from using Facebook Live. The social media company said that the user restrictions would be extended “to other […]
Read moreMay 15, 2019 8:47 am
Shares of Coca-Cola Company (KO) rebounded on Tuesday, after Morgan Stanley revised up its rating on the stock from “Equal Weight” to “Overweight”. The firm also raised its 12-month price target from $52 to $55 per share. The beverage giant is now Morgan Stanleys top mega-cap staples stock pick, according to a report by TheStreet. […]
Read moreMay 14, 2019 9:27 am
Exxon Mobil Corp (XOM) said on Monday that it had finished expanding its specialty elastomers production facility in Newport, Wales. As a result, the sites production capacity has been doubled, while Exxons global production capacity of Santoprene thermoplastic elastomers has been bolstered by 25%. Exxon Mobil shares closed lower for a third consecutive trading session […]
Read moreMay 14, 2019 7:14 am
Qualcomm Incorporated (QCOM) said on Monday that it had signed a global patent license arrangement with HMD Global Oy to cover branded single-mode and multimode devices, produced and marketed by HMD Global under the Nokia brand. The shares of Qualcomm Incorporated closed lower for the fifth time in the past nine trading sessions on NASDAQ […]
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