May 15, 2018 9:52 am
According to a report by Reuters on Monday, citing sources with knowledge of the matter, JP Morgan Chase has appointed Reginald Lang to a role within its entertainment industries group, which represents part of the lenders commercial banking arm and provides funding to TV and film studios. Lang currently serves as managing director of Wells […]
Read moreMay 15, 2018 7:35 am
Needham & Company revised up its price target for NVIDIA Corporation (NVDA) to $325 from $300 previously, as it cited the companys latest stronger-than-anticipated earnings that were driven by a 70% surge in data center revenue. The asset management firm also maintained a “Buy” rating on the stock. NVIDIA shares closed higher for the seventh […]
Read moreMay 14, 2018 9:47 am
According to a report by Reuters on Friday, General Motors Companys (GM) unit in South Korea reiterated that it should swing to a profit by the year 2019. At the same time, GM Korea said it intended to invest as much as $2.8 billion in the production of a brand new small sport-utility vehicle and […]
Read moreMay 14, 2018 8:15 am
According to a person with knowledge of the matter, production of Ford Motor Companys (F) F-150 pick-up trucks at facilities in Dearborn and Kansas City could be resumed as early as May 18th. Ford shares closed lower for the seventh time in the past ten trading sessions on Friday. The stock edged down 0.18% ($0.02) […]
Read moreMay 11, 2018 10:04 am
Shares of Macy’s Inc (M) retreated over 2% during the trading session in New York yesterday, after Morgan Stanley downgraded the stock to “Underweight” from “Equal-weight” previously. The bank expects that Macys earnings per share will probably fall short of market expectations during the current fiscal year, as the company faces shrinking sales at its […]
Read moreMay 11, 2018 8:04 am
According to a statement by Apple Inc on Thursday, the tech giant has moved away from plans to establish a data center in Ireland valued at EUR 850 million, as delayed approval of the project for over three years has led to a deadlock. Apple shares closed higher for a ninth consecutive trading session on […]
Read moreMay 10, 2018 9:49 am
According to a statement by Twenty-First Century Fox Inc on Wednesday, it intends to acquire seven television stations from Sinclair Broadcast Group Inc in a deal valued at almost $910 million. Fox shares closed lower for a second consecutive trading session on Wednesday. The stock went down 0.76% ($0.29) to $37.70, after touching an intraday […]
Read moreMay 10, 2018 8:07 am
Two 18-year-old males were reported to have been killed in Fort Lauderdale, Florida on Tuesday, when their Tesla Model S sedan crashed and caught fire. A third 18-year-old male, who was in the back seat of the vehicle, was taken to a hospital, NBC reported on Wednesday. Tesla shares closed higher for the fifth time […]
Read moreMay 9, 2018 9:52 am
Southwest Airlines Company (LUV) released on Tuesday its preliminary traffic report for April, according to which revenue passenger miles dropped 0.3% year-on-year to 11,202,109 during the month. In year-to-date terms, revenue passenger miles rose 2.6% to 41,641,601, the airline said. Shares of Southwest Airlines closed higher for the fifth time in the past eleven trading […]
Read moreMay 9, 2018 7:29 am
According to a regulatory filing by Snap Inc, the company has appointed Amazon veteran Tim Stone as Chief Financial Officer, who will succeed Andrew Vollero. Snap shares closed higher for the first time in the past six trading sessions on Tuesday. It has also been the sharpest daily surge since April 23rd. The stock went […]
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