May 22, 2018 10:00 am
According to a statement by Blackstone Group LP on Monday, it intends to acquire LaSalle Hotel Properties in a deal estimated at $3.7 billion. The offer by the private equity firm exceeded a rival bid made last month by Pebblebrook Hotel Trust, as the latter had proposed to pay as much as $3.5 billion. Blackstone […]
Read moreMay 22, 2018 6:45 am
On Monday General Electric Company (GE) was reported to have confirmed the merger between its transportation unit and US rail industry equipment maker Wabtec Corp in a deal estimated at approximately $11.1 billion. The transaction is to be settled in early 2019, the companies said. General Electric shares closed higher for the second time in […]
Read moreMay 21, 2018 9:34 am
According to a report by the New York Times on Friday, citing sources with knowledge of the situation, after heading Goldman Sachs Group Inc for almost 12 years, Chief Executive Officer Lloyd Blankfein is likely to retire by December. Goldman Sachs shares closed lower for a fourth consecutive trading session on Friday. The stock went […]
Read moreMay 21, 2018 8:02 am
According to a report by Reuters on Friday, the US Federal Aviation Administration has approved Boeings new foldable wingtips, which are expected to be incorporated in the companys 777-8 and 777-9 aircraft. Boeing shares closed higher for a second consecutive trading session on Friday. It has also been the sharpest daily surge since April 25th. […]
Read moreMay 18, 2018 9:57 am
According to a report by the Wall Street Journal on Thursday, Microsoft Corporation (MSFT) is expected to reveal its Adaptive Controller, which will be compatible with Xbox One consoles and Windows 10 PCs. Microsoft shares closed lower for a third consecutive trading session on Thursday. It has also been the steepest daily loss since May […]
Read moreMay 18, 2018 7:21 am
Shares of American International Group Inc (AIG) rose at the sharpest daily rate in two months during the trading session in New York yesterday after UBS raised its rating on the stock to “Buy” from “Neutral” previously, as it cited that the insurers earnings might have finally reached bottom and a possible buying opportunity might […]
Read moreMay 17, 2018 9:44 am
In an attempt to serve a diverse global base of subscribers, Netflix expects to release 86 original movies during the current year, with its total programming budget being $8 billion, according to a report by Seeking Alpha. Netflix shares closed higher for the sixth time in the past nine trading sessions on Wednesday. The stock […]
Read moreMay 17, 2018 8:02 am
Shares of Macy’s Inc (M) surged over 10% during the trading session in New York yesterday, after the company reported first-quarter same-store sales and earnings well above market expectations. Macy’s also revised up its full-year earnings forecast. Macy’s shares closed higher for a second consecutive trading session on Wednesday. It has also been the sharpest […]
Read moreMay 16, 2018 10:08 am
According to a report by Electrek website on Tuesday, Tesla Inc’s Chief Executive Officer Elon Musk expects the company to achieve a daily production rate of more than 500 Model 3 vehicles during the present week. Tesla shares closed lower for a fourth consecutive trading session on Tuesday. The stock went down 2.67% ($7.79) to […]
Read moreMay 16, 2018 7:41 am
Piper Jaffray was reported to have downgraded Ford Motor Company (F) to “Neutral” from an “Overweight” rating previously, as the firm cited a lack of compelling drivers behind the US auto makers revenue. Ford shares closed higher for the second time in the past seven trading sessions on Tuesday. The stock edged up 0.36% ($0.04) […]
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