May 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 […]
Read moreMay 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 […]
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