October 4, 2018 9:30 am
According to a regulatory filing by Goldman Sachs Group, the investment bank has increased its stake in Spanish supermarket chain DIA from 14.5% to 15.8%. The document emerged several days after DIA’s main shareholder said its own stake had been raised near the legal threshold, which allows for a full takeover bid. Goldman Sachs shares […]
Read moreOctober 4, 2018 7:19 am
According to an announcement by Kroger Company (KR) on Tuesday, the grocer intends to team up with Walgreens Boots Alliance Inc, as it explores new ways to lure more customers to its stores amid fierce competition from on-line retailer Amazon.com Inc. The partnership will enable Kroger’s clients to place an order on-line and then pick […]
Read moreOctober 3, 2018 8:34 am
Tesla Inc (TSLA) fell short of its weekly production objective for its Model 3, a report on Tuesday showed. The electric car maker also said it had to cope with a 40% import tariff in China as a result of trade friction between the United States and the Asian country. Tesla shares closed lower for […]
Read moreOctober 2, 2018 9:38 am
Pfizer Inc (PFE) announced on Monday that it had appointed Albert Bourla, its current Chief Operating Officer, as the new Chief Executive Officer. Bourla will replace Ian Read, who assumed the CEO role in December 2010. Pfizer shares closed higher for a third consecutive trading session in New York on Monday. The stock went up […]
Read moreOctober 2, 2018 7:53 am
According to a report by Bloomberg on Monday, citing sources with knowledge of the matter, Netflix Inc is to let viewers select how a particular movie or a TV episode will end, as the streaming company makes deeper inroads into Interactive TV. Netflix shares closed higher for the fourth time in the past nine trading […]
Read moreOctober 1, 2018 9:49 am
According to a statement by Chinas State Administration for Market Regulation over the weekend, over 3.3 million vehicles are to be recalled from October 20th by GM Shanghai, General Motors Companys (GM) joint venture in the Asian country. The reason behind the recall is a defect with the vehicles suspension system. General Motors shares closed […]
Read moreOctober 1, 2018 7:41 am
According to an announcement by Bank of America Corporation (BAC) on Friday, as part of a change in policy, it is to restrict trading operations in penny stocks as it aims to safeguard customers from high-risk assets. Bank of America shares closed lower for a sixth consecutive trading session in New York on Friday. The […]
Read moreSeptember 29, 2018 9:28 am
Shares of Tesla Inc (TSLA) registered their largest single-session loss in 58 months on Friday after Chief Executive Officer Elon Musk was accused of fraud by US regulators and the latter ever sought to remove the billionaire from his top post in the company. The accusations were related with a number of “false and misleading” […]
Read moreSeptember 28, 2018 9:30 am
J.P. Morgan began covering the shares of Apple Inc (AAPL) with an “Overweight” rating, as the firm forecast strong growth for the tech giants services business, which encompasses App Store, Apple Music and Apple Pay offerings. J.P. Morgan initiated Apple with a price target of $272. Apple shares closed higher for the sixth time in […]
Read moreSeptember 28, 2018 7:47 am
In a statement at the Bloomberg business forum conference in New York City on Wednesday, Ford Motor Company’s CEO James Hackett noted that metals tariffs were costing the US auto maker $1 billion. Ford shares closed lower for a fourth consecutive trading session in New York on Thursday. The stock went down 0.43% ($0.04) to […]
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