April 23, 2019 9:32 am
Shares of Mattel Inc (MAT) registered their largest single-session loss in 9,5 weeks on Monday, after hedge fund Bronte Capital warned of “seemingly dysfunctional management” at the toy company and “too much debt”. Mattel shares closed lower for a third consecutive trading session on NASDAQ on Monday. It has also been the steepest daily loss […]
Read moreApril 23, 2019 7:08 am
Eli Lilly and Company (LLY) announced on Monday a global licensing and research collaboration with Avidity Biosciences Inc, whose focus will be set on the discovery, development and commercialization of potential new medicines in immunology. Eli Lilly shares closed higher for the fifth time in the past thirteen trading sessions in New York on Monday. […]
Read moreApril 22, 2019 9:28 am
According to a statement by the US Federal Aviation Administration on Friday, a joint governmental review of the globally grounded Boeing 737 MAX is expected to be initiated on April 29th. Nine other aviation regulators from across the globe are to participate in the review, the FAA said. Boeing shares closed higher for the fourth […]
Read moreApril 22, 2019 6:46 am
According to a proxy statement by General Motors Company (GM) released on Thursday, the company’s Chairman and Chief Executive Officer, Mary Barra, received a bit less than $22 million in total compensation in 2018. General Motors shares closed higher for a third consecutive trading session in New York on Thursday. The stock went up 0.78% […]
Read moreApril 19, 2019 9:49 am
According to a report by noted Apple analyst Ming-Chi Kuo, the tech company intends to upgrade the front camera in this years iPhone models to 12 megapixels from 7 megapixels. The camera will also be modified from the current 4-element lens to a 5-element lens component. Apple shares closed higher for a fourth consecutive trading […]
Read moreApril 19, 2019 7:24 am
According to a statement by Amazon.com Inc (AMZN) on Thursday, the e-commerce giant intends to discontinue operating a marketplace as well as providing seller services on its Chinese website Amazon.cn from July 18th. Amazon shares closed lower for the fourth time in the past ten trading sessions on NASDAQ on Thursday. The stock edged down […]
Read moreApril 18, 2019 9:48 am
International Business Machines (IBM) overall revenue registered a sharper drop than anticipated during the first quarter, pressured by dwindling demand for the companys mainframe computers and an appreciation in the US Dollar. IBM shares closed lower for the fifth time in the past fifteen trading sessions in New York on Wednesday. It has also been […]
Read moreApril 18, 2019 7:05 am
KeyBanc earlier this week revised up its price target on Microsoft Corp (MSFT) to $141 from $125, as it cited improving confidence in the tech giants cloud and digital strategy. The firm also maintained an “Overweight” rating on the stock. Microsoft shares closed higher for the seventh time in the past ten trading sessions on […]
Read moreApril 17, 2019 7:48 am
Bank of America Corp’s (BAC) first-quarter profit, reported on Tuesday, topped Wall Street estimates, as loan growth and lower expenses mitigated a slump in trading revenue. Bank of America shares closed higher for the ninth time in the past fourteen trading sessions in New York on Tuesday. The stock edged up 0.13% ($0.04) to $29.88, […]
Read moreApril 16, 2019 9:37 am
According to a statement by the Australian Securities and Investments Commission (ASIC) on Monday, over AUD $3 million will be refunded to retail clients by Citigroup Inc (C), as they incurred losses from complex investments offered by the Wall Street bank with no adequate financial advice. Citigroup shares closed lower for the third time in […]
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