March 16, 2018 8:50 am
According to a regulatory filing by Citigroup Inc (C), the annual pay received by the banks Chief Executive Officer, Michael Corbat, in 2017 was 369 times greater than the median annual pay of all its employees. Citigroup shares closed lower for a fourth consecutive trading session on Thursday. The stock edged down 0.18% ($0.13) to […]
Read moreMarch 15, 2018 12:36 pm
According to a statement by Ford Motor Company (F) on Wednesday, 1.38 million vehicles in North America are being recalled due to potential risk of steering wheel bolts loosening and detaching. Two accidents and one injury have so far been reported in association with the issue, the second-largest auto maker in the US said. Ford […]
Read moreMarch 15, 2018 9:36 am
Walmart Inc (WMT) announced on Wednesday that it would expand its grocery home delivery services to over 100 metro areas in 2018, as it seeks to become more competitive against rival Amazon. The service is expected to be rolled out to over 40% of households in the United States by the end of this year. […]
Read moreMarch 14, 2018 11:10 am
According to a report by Reuters on Tuesday, a deal has been inked between Starbucks Corp and private equity firm SouthRock Capital of Brazil, under which the latter will be able to develop and operate branches of the US coffee chain across the South American country. The value of the agreement, however, remained undisclosed. Starbucks […]
Read moreMarch 14, 2018 8:34 am
According to a statement by the US Consumer Product Safety Commission (CPSC) on Tuesday, some of Amazons portable chargers in the country have been recalled, as reports of overheating emerged. Amazon shares closed lower for the first time in the past eight trading sessions on Tuesday. The stock went down 0.64% ($10.21) to $1,588.18, after […]
Read moreMarch 13, 2018 10:59 am
Apple was reported to have confirmed its acquisition of digital magazine subscription app Texture. However, the terms of the deal have not yet been disclosed. Apple is acquiring the entire company, including its staff and, so far, has not indicated that it will introduce changes, Seeking Alpha reported. Apple shares closed higher for a third […]
Read moreMarch 13, 2018 8:39 am
UBS reportedly upgraded Time Warner to “Buy” from “Neutral” previously, while also keeping its price target on the stock without change at $108. Time Warner shares closed higher for a second consecutive trading session on Monday. It has also been the sharpest daily surge since February 1st. The stock went up 1.56% ($1.49) to $96.75, […]
Read moreMarch 12, 2018 10:38 am
Details of a previously proposed investment in General Motors money-losing unit in South Korea have been confirmed by the US auto maker on Friday. Additionally, in a statement, GM Korea noted it would face a “cash crisis” during the first quarter of the year, in case there was no new funding from major shareholders. General […]
Read moreMarch 12, 2018 8:18 am
According to sources with knowledge of the situation, a sale of General Electric Companys (GE) electrical engineering business is being explored by the conglomerate, as divestitures of unwanted assets continue. General Electric shares closed higher for a second consecutive trading session on Friday. It has also been the sharpest daily surge since February 9th. The […]
Read moreMarch 9, 2018 11:33 am
Lockheed Martin Corporation (LMT) and the German unit of missiles manufacturer MBDA announced on Thursday they had formed a joint company in order to continue the development of a new air and missile defense system, which is still being conditioned with Germanys defense ministry. Lockheed Martin shares closed lower for the second time in the […]
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