May 13, 2019 9:38 am
Last week Citigroup Inc (C) announced that Susan Kendall, who currently serves as head of investor relations, had been appointed as Chief Financial Officer of its Global Consumer Bank division. Citigroup shares closed higher for the sixth time in the past eleven trading sessions in New York on Friday. The stock went up 0.40% ($0.27) […]
Read moreMay 13, 2019 7:22 am
According to a report by Reuters, citing a source, Goldman Sachs Group Inc (GS) is moving closer to a deal to acquire United Capital Financial Partners Inc, a boutique wealth management company. Goldman Sachs shares closed higher for a second consecutive trading session in New York on Friday. The stock edged up 0.21% ($0.42) to […]
Read moreMay 10, 2019 9:56 am
According to a report by the United Arab Emirates’ news agency, WAM, the countrys General Civil Aviation Authority cannot say with certainty when the ban on Boeings globally grounded 737 MAX aircraft will be lifted. Boeing shares closed lower for the eighth time in the past twelve trading sessions in New York on Thursday. The […]
Read moreMay 10, 2019 7:19 am
General Motors Company (GM) revealed plans earlier this week to invest as much as $700 million and to add 450 new manufacturing jobs in the state of Ohio. At the same time, the company is in negotiations over the sale of its facility in Lorsdtown, Ohio, to electric truck manufacturer Workhorse Group. The new jobs […]
Read moreMay 9, 2019 9:27 am
Shares of United States Steel Corporation (X) registered their largest single-session loss in a month on Wednesday, after UBS downgraded the steel giant from “Neutral” to “Sell”. The firm also assigned a Street-low price target of $10 on the stock, as it estimates that near-term capital investment will probably not “reverse market share losses in […]
Read moreMay 9, 2019 7:22 am
Oracle Corporation (ORCL) intends to dismiss more than 900 employees in China, reports in the local media stated. The lay-offs will be mostly from Oracle’s research and development operation in China, where the company employs about 1 600 people, the reports said. Oracle shares closed lower for a second consecutive trading session in New York […]
Read moreMay 8, 2019 9:48 am
Yesterday Barclays downgraded Boeing Co (BA) from ”Overweight” to ”Equal Weight”, after a survey conducted by the firm showed many airline passengers would not board the 737 MAX ”for an extended period” once the aircraft is in service again. Boeings shares registered their largest single-session loss in a month. The firm also revised down its […]
Read moreMay 8, 2019 8:06 am
According to an announcement by Alphabet Inc’s Google on Tuesday, a four-month program has been launched in Israel with the purpose to help startup companies achieve growth in various geographies by having access to a selection of tools and industry insights. Alphabet shares closed lower for the fifth time in the past nineteen trading sessions […]
Read moreMay 7, 2019 9:33 am
The Blackstone Group LP (BX) said on Monday that it had launched a new impact investing platform, which is to be part of the company’s Strategic Partners group. The platforms main objective is to ensure positive financial impact, as it addresses specific investment areas such as Financial Access, Health & Wellbeing, Sustainable Communities as well […]
Read moreMay 7, 2019 6:40 am
Bank of America Merrill Lynch was reported to have resumed coverage on Tesla Inc (TSLA), while assigning an “Underperform” rating and a price target of $225 on the stock. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Monday. The stock edged up 0.12% ($0.31) to $255.34, after touching an intraday […]
Read more
