April 12, 2018 6:02 am
Shares of General Electric Company (GE) resumed their slide on Wednesday, as Cowen maintained a “Market Perform” rating on the stock. However, the firm revised down its price target on GE from $15 to $12 previously, citing a forecast that the conglomerates first-quarter earnings may fall short of market expectations. General Electric shares closed lower […]
Read moreApril 11, 2018 10:01 am
According to a Tuesday report by the Wall Street Journal, citing sources with knowledge of the matter, Exxon Mobil Corporation (XOM) is currently negotiating a potential deal with Qatar, which would enable the Middle Eastern country to invest in Exxons US gas resources. Exxon Mobil shares closed higher for the second time in the past […]
Read moreApril 11, 2018 5:45 am
Yesterday Walmart Inc announced a partnership with delivery service Postmates Inc in Charlotte, North Carolina. The deal comes as the retail chain seeks to expand the reach of its grocery home delivery service to 100 metro areas. Walmart shares closed higher for the fourth time in the past six trading sessions on Tuesday. The stock […]
Read moreApril 10, 2018 7:40 am
According to a Reuters report on Monday, citing a spokesperson for the Libyan Investment Authority (LIA), a lawsuit has been filed by the fund against JP Morgan Chase & Co (JPM) in London. However, details were not disclosed. JP Morgan Chase shares closed higher for the fourth time in the past six trading sessions on […]
Read moreApril 9, 2018 11:05 am
According to a filing released by Morgan Stanley on Friday, the total compensation for the groups Chief Executive Officer James Gorman increased 20% to $27 million in 2017, as the banks net revenue grew 10% and pre-tax profit margin went up 18% during the same period. Morgan Stanley shares closed lower for the second time […]
Read moreApril 8, 2018 3:02 pm
American Airlines reportedly ordered 47 new 787 Dreamliner aircraft from Boeing Co, thus, choosing the US plane maker over its European rival Airbus amid a contest between the two companies for the highly coveted widebody jet order. The deal is estimated at over $12 billion. Boeing shares closed lower for the fifth time in the […]
Read moreApril 7, 2018 3:33 pm
According to a report by Reuters on Friday, Wells Fargo & Co shareholders were suggested to support all nominees to the banks board at the annual meeting scheduled on April 24th. Wells Fargo’s shares closed lower for the second time in the past seven trading sessions on Friday. The stock went down 1.93% ($1.03) to […]
Read moreApril 5, 2018 10:36 am
LG Display Co Ltd (LPL) recently announced plans to manufacture as many as 10 million OLED TV panels in 2021, which compares with 1.7 million such panels it actually produced in 2017. In New York, shares of LG Display closed lower for the third time in the past seven trading sessions on Wednesday. The stock […]
Read moreApril 5, 2018 8:15 am
According to a statement by General Motors Company (GM) earlier this week, it intends to discontinue reporting its US vehicle sales on a monthly basis, as the 30-day time frame is not an accurate reflection of the market. Instead, the auto maker is to report vehicle sales on a quarterly basis. Still, monthly data will […]
Read moreApril 4, 2018 10:45 am
According to Gunnar Herrmann, the head of Ford’s German business, the US auto maker could initiate production of electric vehicles in Germany after 2023, when the life cycle of the companys Fiesta model is expected to come to an end. Ford shares closed higher for the fourth time in the past eight trading sessions on […]
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