December 12, 2018 10:04 am
Verizon Communications Inc (VZ) said earlier this week that it expected to incur a charge of $1.8 billion to $2.1 billion during the present quarter in relation with the layoffs it plans. About half of the layoffs, which the company announced on December 10th, are expected to come into effect by the end of this […]
Read moreDecember 12, 2018 7:41 am
Lockheed Martin Corporation (LMT) said earlier this week that Kenneth Possenriede had been appointed as its new Chief Financial Officer. Possenriede is to replace Bruce Tanner who will retire in mid-2019, the company said. Lockheed Martin shares closed lower for the sixth time in the past ten trading sessions in New York on Tuesday. It […]
Read moreDecember 11, 2018 9:00 am
GoPro Inc said on Monday that it had begun preparations to move a larger part of its US-bound camera production out of China by the summer next year, as the company seeks to avoid the potential impact from new tariffs. At the same time, international-bound camera production is expected to remain in the Asian country, […]
Read moreDecember 11, 2018 7:20 am
Yesterday Bank of America Merrill Lynch revised down its rating on FedEx Corporation (FDX) to “Neutral” from “Buy” previously, as the firm cited the sudden departure of David Cunningham, the Chief Executive of FedEx Corps air delivery unit during the past week. Bank of America Merrill Lynch also cut its price target on the stock […]
Read moreDecember 10, 2018 10:19 am
According to an announcement by Tesla Inc (TSLA) last week, Washington, D.C. trial lawyer Dane Butswinkas has been hired as the companys general counsel. A report by Bloomberg stated that the appointment had been made so that Tesla could settle a case with the US Securities and Exchange Commission (SEC). Tesla shares closed lower for […]
Read moreDecember 10, 2018 8:24 am
According to a report by CNBC, citing people with knowledge of the matter, Apple Incs health team has hired Jason Oberfest, the former Chief Executive of Mango Health. Apple shares closed lower for a third consecutive trading session on NASDAQ on Friday. It has also been the steepest daily loss since December 4th. The stock […]
Read moreDecember 7, 2018 9:57 am
Kroger Companys (KR) quarterly comparable sales, reported on Thursday, fell short of Wall Street estimates, influenced by disruptions resulting from store remodeling as the company has sought to provide more shelf space for best-selling items. Shares of Kroger Company closed higher for the sixth time in the past eleven trading sessions in New York on […]
Read moreDecember 6, 2018 1:52 pm
According to an official WeChat post by the Shanghai government on Wednesday, Tesla Incs facility in China is set to begin production during the second half of 2019. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Tuesday. The stock went up 0.34% ($1.21) to $359.70, after touching an intraday high […]
Read moreDecember 6, 2018 8:25 am
AT&T said on Tuesday that it was cooperating with Samsung to launch a standards-based 5G smart phone during the first half of 2019. A day later the company said that another 5G device from Samsung would be launched next year, possibly during the second half. This new device will be able to access both 5G […]
Read moreDecember 5, 2018 10:25 am
J.P. Morgan Private Bank announced on Tuesday that it had recently hired several new advisors, as it seeks to expand its reach to ultra-high net worth customers in several European markets of high significance to the company. J.P. Morgan Chase shares closed lower for the fifth time in the past eleven trading sessions in New […]
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