May 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 […]
Read moreApril 30, 2018 7:49 am
According to a recent report by Bloomberg, citing sources, negotiations between Sainsbury and Walmart over the acquisition of Asda have advanced. Sainsbury has already acknowledged plans to merge with Asda, which would lead to the formation of a supermarket giant in the UK with a market share of more than 30% and, as a result, […]
Read moreApril 27, 2018 10:50 am
Time Warner Incs (TWX) first-quarter revenue, reported on Thursday, topped market expectations, as the airing of the last four games of the NCAA Men’s Basketball Tournament on Turner supported advertising growth. Time Warner shares closed lower for the fifth time in the past eleven trading sessions on Thursday. It has also been the steepest daily […]
Read moreApril 27, 2018 7:59 am
According to a statement by Tesla Inc (TSLA) on Thursday, Jim Keller, who currently heads its low-voltage hardware, Autopilot software and infotainment, is to part ways with the company in order to focus on microprocessor engineering with another employer. A recent report by the Wall Street Journal, citing sources, stated that he would become part […]
Read moreApril 26, 2018 10:04 am
Shares of Boeing Company (BA) rose the most in eleven weeks during the trading session in New York on Wednesday after the plane maker reported exceptionally strong first-quarter earnings, well above Wall Street estimates. Additionally, strong commercial jet sales prompted the company to revise up its cash flow and earnings projections. Boeing shares closed higher […]
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