January 11, 2019 8:07 am
United Continental Holdings Inc (UAL) reported earlier this week that its total revenue passenger miles (RPMs) rose 6.9% year-on-year to 19.329 billion last month, supported by a 5.5% growth in domestic RPMs and an 8.9% increase in international RPMs. United Air shares closed lower for the third time in the past nine trading sessions on […]
Read moreJanuary 10, 2019 9:21 am
According to a report by Nikkei Asian Review on Wednesday, planned production for Apple Incs (AAPL) latest iPhone models for the first quarter has been cut by about 10%. The news followed warnings by suppliers such as Samsung Electronics Co Ltd and Skyworks Solutions Inc about weak Q1 demand for smart phone chips. Apple shares […]
Read moreJanuary 9, 2019 10:46 am
International Business Machines (IBM) said on Tuesday that it had inked a $540 million managed services deal with Nordea, which will enable Nordea Bank to outsource its IBM Z infrastructure services to IBM. IBM shares closed higher for a third consecutive trading session in New York on Tuesday. The stock went up 1.42% ($1.68) to […]
Read moreJanuary 9, 2019 8:39 am
At the CES event hosted in Las Vegas on Tuesday, Verizon Communications Inc (VZ) and Walt Disney Pictures announced a partnership aimed to explore the opportunities of 5G connectivity for media and entertainment at Walt Disney’s StudioLab. The tie-up is to allow the studio to utilize next-generation wireless broadband that delivers peak data transmission rates […]
Read moreJanuary 8, 2019 10:32 am
At an event over the weekend, NVIDIA Corp (NVDA) introduced the GeForce RTX 2060, its next-generation GPU, which offers exceptional performance on modern games and graphics enhanced by ray tracing and AI capabilities. The GeForce RTX 2060, which will be priced at $349, is expected to deliver new levels of performance as well as features, […]
Read moreJanuary 8, 2019 7:47 am
Yesterday Nucor Corp (NUE) revealed plans to invest $1.35 billion in the construction of a plate mill in the US Midwest, as the company takes advantage of federal tax cuts as well as higher steel prices for local producers resulting from import tariffs, which the Trump administration introduced last year. Nucor shares closed lower for […]
Read moreJanuary 7, 2019 10:10 am
Brazils President Jair Bolsonaro expressed concerns on Friday that the acquisition of 80% of Embraers commercial aircraft and services operations by Boeing Co (BA) could result in a complete takeover of the division by the US plane manufacturer. Boeing shares closed higher for the fifth time in the past eleven trading sessions in New York […]
Read moreJanuary 7, 2019 8:05 am
According to a report by MarketWatch on Friday, Ford Motor Company (F) intends to recall over 953 000 vehicles globally due to problematic passenger air bag inflators manufactured by Takata, which could explode and release shrapnel inside the vehicle. Similar issue with air bag inflators has reportedly caused at least 23 deaths worldwide. However, Ford […]
Read moreJanuary 4, 2019 10:04 am
General Motors Companys US new vehicle sales, reported on Thursday, shrank 2.7% to 785 229 units during the fourth quarter, as declines were registered in its Chevrolet, Cadillac and Buick brands. For the entire 2018, GM sold 2 954 307 vehicles in the United States, or 1.6% fewer compared to 2017. General Motors shares closed […]
Read moreJanuary 4, 2019 8:21 am
The European Commission announced on Thursday that it had cleared Coca-Cola Companys GBP 3.9 billion acquisition of Costa Coffee from Whitbread Plc. Coca-Cola shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 0.62% ($0.29) to $46.64, after touching an intraday low at $46.55, or a price […]
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