April 8, 2019 9:39 am
According to a statement by Boeing Co’s Chief Executive Officer Dennis Muilenburg on Friday, the US company intends to cut the production rate of its 737 line-up to 42 jets per month from 52 jets currently, as it seeks to manage the 737 MAX grounding after two deadly incidents in the past five months. Boeing […]
Read moreApril 8, 2019 7:20 am
Last week Alphabet Inc’s Google announced that it would dismiss the Advanced Technology External Advisory Council, which it had formed on March 26th to deal with ethical issues surrounding artificial intelligence and other emerging technologies. Alphabet shares closed lower for the first time in the past six trading sessions on NASDAQ on Friday. It has […]
Read moreApril 5, 2019 9:27 am
In an annual letter to shareholders, J.P. Morgan Chase & Cos Chief Executive Officer Jamie Dimon said that US economic growth was being hampered by bad mortgage rules and also spoke in favor of swift reforms. J.P. Morgan Chase shares closed higher for a sixth consecutive trading session in New York on Thursday. The stock […]
Read moreApril 5, 2019 7:10 am
Guggenheim on Thursday upgraded Facebook Inc (FB) from “Neutral” to “Buy”, while stating that shareholders of the company are getting more used to data leaks or privacy concerns. The firm also revised up its price target on the stock from $175 to $200. Facebook shares closed higher for the sixth time in the past ten […]
Read moreApril 4, 2019 9:42 am
D.A. Davidson on Wednesday revised up its rating on Urban Outfitters Inc (URBN) from “Neutral” to “Buy” and also boosted its price target on the stock from $30 to $36, as the firm cited an improving margin profile. Urban Outfitters shares closed higher for an eighth consecutive trading session on NASDAQ on Wednesday. It has […]
Read moreApril 4, 2019 7:14 am
Ford Motor Company (F) said on Wednesday that it planned to introduce over 30 new vehicle models in China over the upcoming three years, more than a third of which would be electric vehicles. Fords earlier plan had envisaged the launch of 50 new or significantly redesigned vehicles on the Chinese market, beginning in 2018 […]
Read moreApril 3, 2019 9:19 am
At the Hanover Messe industrial trade fair on Tuesday Microsoft Corp (MSFT) and BMW Group announced a partnership to establish an Open Manufacturing Platform aimed to foster innovation and to speed up the development of “smart” factories. Microsoft shares closed higher for a fourth consecutive trading session on NASDAQ on Tuesday. The stock edged up […]
Read moreApril 3, 2019 7:18 am
Last week Intel Corp (INTC) laid off hundreds of information technology employees at sites across the company, The Oregonian reported, citing sources with direct knowledge of the matter who wished to retain their anonymity as they had no authorization to speak about the company. Intel shares closed lower for the fifth time in the past […]
Read moreApril 2, 2019 8:32 am
MDA, a Maxar Technologies company, said on Monday that a contract worth CAD $4 million had been signed with Lockheed Martin Canada in relation with the initial phase of design work for the Canadian Surface Combatant (CSC) ships Electronic Warfare system. The CSC Prime Contractor is Irving Shipbuilding, which is to construct 15 such ships […]
Read moreApril 1, 2019 9:10 am
Brazil’s CAOA has begun to negotiate a potential purchase of Ford Motor Company’s facility located in the city of Sao Bernardo do Campo, Reuters reported, citing a person with knowledge of the matter. According to the source, talks are not yet at a final stage, but suggest the two companies are moving closer to striking […]
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