January 19, 2018 10:55 am
Qualcomm’s planned acquisition of NXP Semiconductors for $38 billion have reportedly been cleared by antitrust regulators in the European Union. After the largest deal on record in the semiconductor sector is finalized, Qualcomm Incorporated is to become a top supplier to the dynamic automotive chip market. The shares of Qualcomm Incorporated closed higher for the […]
Read moreJanuary 19, 2018 8:54 am
According to a statement by Intel Corporation (INTC) earlier this week, issues with patches, which have been released to deal with Spectre and Meltdown security flaws, may cause data center computers equipped with Intels newer chips to reboot more frequently than usual. Intel shares closed higher for a second consecutive trading session on Thursday. The […]
Read moreJanuary 18, 2018 10:55 am
Shares of Goldman Sachs Group Inc (GS) plummeted the most in three months during yesterdays trade in New York after the bank reported its first quarterly loss in six years as a result of considerable tax charge. On the other hand, quarterly adjusted earnings outstripped market expectations, as strong performance of the groups investment banking […]
Read moreJanuary 18, 2018 8:41 am
According to a person familiar with the matter, Judith McKenna, Wal-Marts current Chief Operating Officer, has been appointed as Chief Executive Officer of the companys international unit. She is to assume the new role on February 1st. Wal-Mart shares closed higher for the seventh time in the past ten trading sessions on Wednesday. It has […]
Read moreJanuary 17, 2018 10:44 am
During a presentation on Tuesday, General Motors Company (GM) said it expected flat earnings in 2018 compared to the prior year and an increase in its profit in 2019, when it would introduce a renovated line of high-margin pickup trucks on the US market. General Motors shares closed higher for the sixth time in the […]
Read moreJanuary 17, 2018 8:38 am
According to a statement by General Electric Co on Tuesday, its fourth-quarter results will be influenced by a $6.2 billion charge related with a decade-old insurance portfolio, which covers long-term health care costs. When adjusted in accordance with the recently-passed US corporate tax rate cut, the charge would increase to $7.5 billion, GE said. General […]
Read moreJanuary 16, 2018 11:05 am
A proxy statement filed on Friday revealed that Walt Disney Chief Executive Bob Igers compensation for fiscal 2017 dropped 17% compared to a year ago. Other company executives saw decreases in their total pay as well. Walt Disney shares closed higher for a second consecutive trading session on Friday. The stock went up 1.33% ($1.48) […]
Read moreJanuary 16, 2018 8:32 am
In a speech at the Detroit auto show on Sunday, Ford Motor Cos Chairman Bill Ford said that investments in electric vehicles would be increased considerably to reach $11 billion by the year 2022. At the same time, the auto makers global model lineup is to include 40 electrified vehicles, of which 16 are expected […]
Read moreJanuary 15, 2018 10:47 am
According to a statement by CVS Health Corp (CVS) on Friday, Aetna Inc’s headquarters will be kept in Connecticut once the $69 billion acquisition of the health insurance company is finalized. Last year Aetna Inc had announced plans to relocate its headquarters to New York during 2018. CVS shares closed lower for the fourth time […]
Read moreJanuary 15, 2018 8:32 am
According to a Friday statement by Fiat Chrysler Automobiles NV (FCAU), over 162 000 Chrysler Pacifica minivans manufactured in 2017 are being recalled due to a software glitch that may lead to an engine stall. As of 8:27 GMT on Monday the shares of Fiat Chrysler were gaining 0.10% (EUR 0.020) on the day to […]
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