April 16, 2018 7:56 am
According to a regulatory filing by Facebook Inc (FB), overall compensation for the companys Chief Executive Officer Mark Zuckerberg surged 53.5% to $8.9 million last year. 83% of that amount were security-related expenditures, while the remaining funds were mainly associated with the CEOs use of private aircraft. Facebook shares closed higher for the fourth time […]
Read moreApril 13, 2018 9:27 am
Shares of Delta Air Lines Inc (DAL) gained the most in a week during the trading session in New York on Thursday, as the carriers first-quarter earnings topped Wall Streets consensus estimate. At the same time, the airlines total unit revenue rose for a fourth consecutive quarter, supported by strong results in all geographic regions. […]
Read moreApril 13, 2018 7:17 am
The US Department of Defense was reported to have suspended F-35 jet deliveries from Lockheed Martin Corporation (LMT) due to a contractual dispute related to a production issue fix. Lockheed Martin shares closed higher for a fourth consecutive trading session on Thursday. The stock went up 1.01% ($3.44) to $342.88, with the intraday high and […]
Read moreApril 12, 2018 9:00 am
According to a statement by Chevron Corporation (CVX) earlier this week, the salary of Mike Wirth, the oil majors new Chief Executive Officer, who assumed the top role two months ago, has been raised by 20% to $1.5 million. Chevron shares closed higher for a third consecutive trading session on Wednesday. The stock edged up […]
Read moreApril 12, 2018 6:02 am
Shares of General Electric Company (GE) resumed their slide on Wednesday, as Cowen maintained a “Market Perform” rating on the stock. However, the firm revised down its price target on GE from $15 to $12 previously, citing a forecast that the conglomerates first-quarter earnings may fall short of market expectations. General Electric shares closed lower […]
Read moreApril 11, 2018 10:01 am
According to a Tuesday report by the Wall Street Journal, citing sources with knowledge of the matter, Exxon Mobil Corporation (XOM) is currently negotiating a potential deal with Qatar, which would enable the Middle Eastern country to invest in Exxons US gas resources. Exxon Mobil shares closed higher for the second time in the past […]
Read moreApril 11, 2018 5:45 am
Yesterday Walmart Inc announced a partnership with delivery service Postmates Inc in Charlotte, North Carolina. The deal comes as the retail chain seeks to expand the reach of its grocery home delivery service to 100 metro areas. Walmart shares closed higher for the fourth time in the past six trading sessions on Tuesday. The stock […]
Read moreApril 10, 2018 7:40 am
According to a Reuters report on Monday, citing a spokesperson for the Libyan Investment Authority (LIA), a lawsuit has been filed by the fund against JP Morgan Chase & Co (JPM) in London. However, details were not disclosed. JP Morgan Chase shares closed higher for the fourth time in the past six trading sessions on […]
Read moreApril 9, 2018 11:05 am
According to a filing released by Morgan Stanley on Friday, the total compensation for the groups Chief Executive Officer James Gorman increased 20% to $27 million in 2017, as the banks net revenue grew 10% and pre-tax profit margin went up 18% during the same period. Morgan Stanley shares closed lower for the second time […]
Read moreApril 8, 2018 3:02 pm
American Airlines reportedly ordered 47 new 787 Dreamliner aircraft from Boeing Co, thus, choosing the US plane maker over its European rival Airbus amid a contest between the two companies for the highly coveted widebody jet order. The deal is estimated at over $12 billion. Boeing shares closed lower for the fifth time in the […]
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