February 16, 2018 9:05 am
According to a statement by Amazon.com Inc (AMZN) on Thursday, it intends to add 2 000 permanent contract job positions in France in 2018. This way the total number of its permanent staff in the European country will reach 7 500. The move is indicative of Amazons confidence in Frances economy, the company said in […]
Read moreFebruary 15, 2018 12:56 pm
JP Morgan was reported to have revised down its US economic growth forecast for the first quarter to 2.5% from 3%, as “ugly” retail sales report in January weighed on “scorching” consumer inflation data. JP Morgan Chase shares closed higher for a fourth consecutive trading session on Wednesday. It has also been the sharpest daily […]
Read moreFebruary 15, 2018 8:25 am
According to a report by DigiTimes earlier this week, Facebook Inc (FB) pushed back the launch of two smart speakers to July from May, as initially planned, in order to work more on software modification and sound quality. Facebook shares closed higher for the third time in the past four trading sessions on Wednesday. It […]
Read moreFebruary 14, 2018 10:40 am
IBMs former HR executive Lindsay-Rae McIntyre was sued by the tech company over alleged violation of a 1-year non-competitive agreement. McIntyre was appointed as Chief Diversity Officer at Microsoft during the past weekend. Previously, at IBM, she served as human resources VP and Chief Diversity Officer. IBM shares closed lower for the third time in […]
Read moreFebruary 14, 2018 8:17 am
Apple shareholders reportedly voted against two proposals at the tech companys annual meeting on February 13th. One of the proposals asked for relaxed rules that allow shareholders to name directors to the board. The other proposal asked for the establishment of a human rights committee at the company. Apple shares closed higher for a third […]
Read moreFebruary 13, 2018 10:50 am
According to people with knowledge of the situation, Qualcomm Incorporated (QCOM) is to meet with Broadcom Ltd on February 14th to discuss Broadcoms $121 billion acquisition proposal. It will be the first time, when the two entities will talk about a potential deal, Reuters reported. The shares of Qualcomm Incorporated closed higher for a second […]
Read moreFebruary 13, 2018 8:42 am
According to a report by the Financial Times during the weekend, Citigroup Inc (C) intends to establish an innovation center in London, which is to host the banks Middle East and Africa (EMEA) unit. Citigroup shares closed higher for a second consecutive trading session on Monday. The stock went up 1.47% ($1.08) to $74.76, after […]
Read moreFebruary 12, 2018 10:38 am
Popularity of NVIDIAs graphic processors (GPUs) has grown to such an extent, that PC gamers as well as cryptocurrency miners feel comfortable to pay several times the retail list price in order to acquire one on-line. NVIDIA shares closed higher for the third time in the past seven trading sessions on Friday. It has also […]
Read moreFebruary 12, 2018 8:13 am
According to a statement by Bank of America Corporation (BAC) on Friday, CEO Brian Moynihan’s incentive compensation for the past year has been approved by the board. The CEO’s compensation is comprised of a base salary, time-based restricted stock units and performance-based restricted stock units, paid only if the group accomplishes particular financial objectives. Bank […]
Read moreFebruary 9, 2018 11:45 am
Shares of New York Times Company (NYT) touched highs not seen in almost 10 1/2 years during yesterdays trading session, as the companys fourth-quarter revenue and earnings exceeded Wall Street estimates, supported by growth in digital subscriptions. Shares of New York Times Company closed higher for the second time in the past five trading sessions […]
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