April 26, 2018 7:31 am
In a statement during an auto show in Beijing on Wednesday, Peter Fleet, Ford Motor Companys (F) President for the Asia Pacific region, said he hoped the latest initiative by Chinas government to ease ownership rules in the local auto market would accelerate regulatory approval of Fords electric vehicle joint venture with Chinas Zotye Automobile […]
Read moreApril 25, 2018 10:16 am
Lockheed Martin Corporations (LMT) first-quarter results, reported on Tuesday, topped market expectations, as support was drawn by a stronger performance of its F-35 jet program. The company also revised up its full-year earnings forecast. Lockheed Martin shares closed lower for the second time in the past seven trading sessions on Tuesday. It has also been […]
Read moreApril 25, 2018 7:40 am
Shares of Verizon Communications Inc (VZ) rose the most in two weeks during the trading session in New York on Tuesday, as the companys first-quarter performance topped market expectations while the loss of monthly phone subscribers turned out to be smaller than anticipated. Verizon shares closed higher for a second consecutive trading session on Tuesday. […]
Read moreApril 24, 2018 9:52 am
Raymond James reportedly raised its rating on Exxon Mobil Corporation (XOM) to “Market Perform” from “Underperform” previously, as the firm noted the conglomerates bear case essentially had run its course, with oil prices nearing cycle highs. Exxon Mobil shares closed higher for the fifth time in the past seven trading sessions on Monday. The stock […]
Read moreApril 24, 2018 8:06 am
Shares of Under Armour Inc (UAA) gained the most in three weeks in New York on Monday, after Deutsche Bank raised its rating on the stock to “Hold” from “Sell” previously, citing that rapid growth of the companys international business could facilitate balancing sluggish sales in North America. The investment firm also revised up its […]
Read moreApril 23, 2018 9:32 am
According to a report by Reuters on Friday, citing two sources with knowledge of the situation, Walmart Inc (WMT) may strike a deal over the acquisition of a 51% stake in Indias Flipkart as early as this week. Walmart shares closed lower for the second time in the past six trading sessions on Friday. It […]
Read moreApril 23, 2018 7:09 am
According to a report by O Estado de S. Paulo newspaper on Friday, citing anonymous sources, negotiations related to a partnership between Boeing Company (BA) and Brazils Embraer SA have reached an advanced stage. Boeing shares closed lower for a second consecutive trading session on Friday. The stock went down 0.58% ($1.97) to $338.67, with […]
Read moreApril 20, 2018 10:03 am
According to a statement by a Qualcomm representative earlier this week, the company has initiated job cuts as part of its promise to shareholders to achieve reduction of annual costs of $1 billion. However, the precise number of jobs cut remained undisclosed. The shares of Qualcomm Incorporated closed lower for a second consecutive trading session […]
Read moreApril 20, 2018 7:50 am
Shares of Apple Inc (AAPL) retreated the most in eleven weeks on the NASDAQ on Thursday, after in a research note Mizuho analyst Abhey Lamba warned that the companys revenue guidance for the fiscal third quarter could miss the midpoint of consensus estimates due to soft demand for its iPhone X. On the other hand, […]
Read moreApril 19, 2018 9:32 am
Lockheed Martins Sikorsky has recently announced partnerships with additional German companies in an attempt to secure a heavy-lift helicopter contract from Germanys government, valued at EUR 4 billion. Lockheed Martin shares closed higher for a third consecutive trading session on Wednesday. The stock went up 0.58% ($2.01) to $351.15, after touching an intraday high at […]
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