July 31, 2019 6:30 am
Bank of America Corp (BAC) said earlier this week that it intended to discontinue its electronic payment services joint venture with First Data Corp in June 2020. The announcement came just hours after US financial technology provider Fiserv Inc finalized its acquisition of First Data Corp. Fiserv had announced plans to acquire First Data Corp […]
Read moreJuly 30, 2019 9:14 am
United Airlines Holdings Inc (UAL) said that it would buy a stake in security identity firm Clear as part of a partnership aimed at increasing the number of biometric screening kiosks in airports across the United States. The tie-up also aims to facilitate passenger movement through airports. United Air shares closed higher for the eighth […]
Read moreJuly 30, 2019 7:20 am
According to a report by Reuters over the weekend, citing a person with knowledge of the matter, Pfizer Inc (PFE) is exploring a merger of its off-patent drugs business with Mylan NV in a stock deal. Pfizer shares closed lower for the fifth time in the past eleven trading sessions in New York on Monday. […]
Read moreJuly 29, 2019 7:53 am
McDonald’s Corp’s quarterly US same-store sales topped Wall Street estimates, since the company managed to lure more customers with revamped stores and new promotions (for example, the 2 for $5 Mix and Match deal). McDonald’s shares closed higher for a second consecutive trading session in New York on Friday. The stock went up 0.53% ($1.14) […]
Read moreJuly 26, 2019 9:38 am
Citigroup Inc (C) said on Thursday that Curt Engler had been appointed as head of its equities execution services for the Asia Pacific region. Currently, Engler occupies a senior executive position at J.P. Morgan Asset Management in New York, which he joined in 2010. Citigroup shares closed lower for the fifth time in the past […]
Read moreJuly 26, 2019 6:49 am
American Airlines Group Inc said yesterday that the Boeing 737 MAX global grounding could reduce its 2019 pretax profit by nearly $400 million. The air carrier has taken its 24 737 MAX aircraft off its flight schedule until early November, which resulted in approximately 115 cancellations per day. American Airlines shares closed lower for the […]
Read moreJuly 25, 2019 9:24 am
AT&T Incs second-quarter earnings, reported on Wednesday, came in line with Wall Street estimates, while revenue topped expectations. On the other hand, the US wireless carrier lost more premium TV subscribers during the past quarter compared with the prior three-month period, since consumers sought cheaper streaming services such as Netflix Inc. AT&T shares closed higher […]
Read moreJuly 25, 2019 7:10 am
Verizon Communications Inc (VZ) said earlier this week that it would co-develop and lease to purchase a new campus for its Verizon Media unit. The new hub is to be established from the ground up at the Coleman Highline campus in San Jose, California. Verizon shares closed higher for the fourth time in the past […]
Read moreJuly 24, 2019 8:50 am
Coca-Cola Companys (KO) quarterly results, reported on Tuesday, topped Wall Street estimates, supported by sales of its namesake soda brand. Coca-Cola shares closed higher for the seventh time in the past twelve trading sessions in New York on Tuesday. It has also been the sharpest daily surge since February 12th 2009. The stock went up […]
Read moreJuly 24, 2019 6:25 am
According to a report by the Wall Street Journal earlier this week, citing sources with knowledge of the matter, Apple Inc (AAPL) is in advanced talks to acquire Intel Corp’s (INTC) smart phone modem chip business. The same media also said that a potential deal, estimated at at least $1 billion, could be struck during […]
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