May 8, 2018 8:51 am
According to a report by Forbes on Monday, billionaire investor Carl Icahn has disposed of his stake in American International Group Inc (AIG). AIG shares closed higher for a second consecutive trading session on Monday. The stock went up 0.83% ($0.44) to $53.28, after touching an intraday high at $53.68, or a price level not […]
Read moreMay 7, 2018 8:16 am
According to a statement by Wells Fargo last week, it has agreed to pay as much as $480 million in order to settle a securities fraud lawsuit associated with the sales scandal that emerged almost two years ago. Wells Fargo’s shares closed higher for the second time in the past seven trading sessions on Friday. […]
Read moreMay 4, 2018 9:58 am
According to a report by Reuters, citing a corporate filing, up to 125 jobs are expected to be moved by Bank of America Corporation (BAC) from the UK mostly to Ireland in preparation for Brexit in March 2019. Bank of America shares closed lower for a second consecutive trading session on Thursday. The stock went […]
Read moreMay 4, 2018 7:40 am
Macy’s Inc said on Thursday that it has acquired the STORY concept store located in New York City. At the same time, STORY’s founder and Chief Executive, Rachel Shechtman, is to assume the role of brand experience officer at Macy’s. Macy’s shares closed higher for a second consecutive trading session on Thursday. The stock went […]
Read moreMay 3, 2018 10:10 am
A lawsuit has been filed earlier this week by Nikola Motor Co against Tesla Inc (TSLA) related with design patent violations. Tesla shares closed higher for a second consecutive trading session on Wednesday. The stock went up 0.41% ($1.23) to $301.15, after touching an intraday high at $306.85, or a price level not seen since […]
Read moreMay 3, 2018 8:22 am
According to people with knowledge of the matter, the $3.6 billion cash inflow, planned by General Motors Company (GM) for its unit in South Korea, is to be in the form of loans. At the same time, for investing as much as $750 million in GM Korea, Korea Development Bank (KDB) will be awarded preference […]
Read moreMay 2, 2018 10:24 am
According to a statement by Boeing Company (BA) on Tuesday, it intends to acquire aerospace parts maker, KLX Inc, in a cash deal valued at approximately $3.2 billion, as the US plane manufacturer seeks to expand its aircraft services business. The deal is expected to value KLX at $4.25 billion, which also includes net debt […]
Read moreMay 2, 2018 7:27 am
Macy’s Inc (M) disclosed on Tuesday updated information in regard to the expansion of its on-mall, off-price concept, Macy’s Backstage. According to a company press release, 20 Backstage locations have been opened during the first quarter. Macy’s shares closed lower for a second consecutive trading session on Tuesday. The stock went down 1.06% ($0.33) to […]
Read moreMay 1, 2018 8:29 am
According to a report by the Business Journal last week, citing sources, Amy Montagne has been promoted to vice president and general manager of global categories at Nike Inc (NKE). Nike shares closed lower for the second time in the past seven trading sessions on Monday. It has also been the steepest daily loss since […]
Read moreApril 30, 2018 9:24 am
Chevron Corporations (CVX) first-quarter earnings, reported on Friday, outstripped Wall Street estimates, since rising crude prices as well as growing production lent support. Chevron shares closed higher for a third consecutive trading session on Friday. It has also been the sharpest daily surge since April 18th. The stock went up 1.93% ($2.40) to $126.62, after […]
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