December 21, 2018 8:23 am
A “human error” has made it possible for a German resident using Amazon.com Incs (AMZN) Alexa voice assistant to access over a thousand audio recordings from another customer. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Thursday. The stock went down 2.29% ($34.25) to $1,460.83, after touching an intraday low […]
Read moreDecember 20, 2018 9:38 am
Shares of FedEx Corporation (FDX) registered their largest single-day loss in ten years on Wednesday after the company surprised market players and analysts with a sharper-than-anticipated downward revision of its 2019 earnings forecast, as it underscored waning freight demand amid global economic slowdown. FedEx shares closed lower for the tenth time in the past thirteen […]
Read moreDecember 20, 2018 7:36 am
According to a report by Reuters, citing a letter sent earlier this week by Exxon Mobil Corporation (XOM) to the US Environmental Protection Agency (EPA), the oil major supports methane gas emission rules, which were put into effect by the Obama administration as a measure against climate change. Exxon Mobil shares closed lower for a […]
Read moreDecember 19, 2018 9:17 am
According to an announcement by Kroger Company (KR) on Tuesday, the supermarket chain has begun using unmanned autonomous vehicles for grocery deliveries in Scottsdale, Arizona by cooperating with start-up firm Nuro. Shares of Kroger Company closed lower for a third consecutive trading session in New York on Tuesday. The stock went down 1.28% ($0.37) to […]
Read moreDecember 18, 2018 10:22 am
The terms of a proposed deal between Embraer SA and Boeing Co have already been finalized, the Brazilian aerospace manufacturer announced on Monday. Under the agreement, Boeing is to acquire 80% of Embraers commercial aircraft and services operations for as much as $4.2 billion. Boeing shares closed lower for a third consecutive trading session in […]
Read moreDecember 18, 2018 7:42 am
According to an announcement by Alphabet Inc’s Google on Monday, it intends to set up a new campus in New York in the latest effort to boost its presence in the technology corridor along the Hudson River. Google said it would invest more than $1 billion in the 1.7 million square-foot site. Named Google Hudson […]
Read moreDecember 17, 2018 10:03 am
A bug has been discovered, which may have affected up to 6.8 million users who input their Facebook login credentials in order to permit third-party applications to gain access to photos, Facebook Inc (FB) said last week. Facebook shares closed lower for the third time in the past twelve trading sessions on NASDAQ on Friday. […]
Read moreDecember 17, 2018 7:45 am
According to a source with knowledge of the matter, Intel Corp and TPG Capital are in early talks to sell security software firm McAfee to Thoma Bravo LLC, a private equity company. Since negotiations are at an early stage, it is not certain whether an agreement will be reached, the source noted. Intel shares closed […]
Read moreDecember 14, 2018 9:46 am
According to an announcement by General Electric Company (GE) on Thursday, its digital unit intends to sell a majority stake held in ServiceMax to Silver Lake, a technology-oriented private equity company. The deal is expected to be finalized in early 2019. However, no financial details of the agreement were disclosed. General Electric shares closed higher […]
Read moreDecember 13, 2018 9:19 am
According to a Tuesday note by Cowen Inc, Amazon.com Inc (AMZN) is expected to achieve a 17% annual revenue growth during the upcoming five years. The note pointed to a number of opportunities that would drive revenue and margin growth globally, including in the e-commerce giants cloud business as well as in advertising activities. These […]
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