January 12, 2018 10:52 am
According to a Thursday report by technology website The Register, citing unidentified company insiders, about 30% of IBMs 103 000 employees at its Global Technology Services unit are expected to be reassigned this year. Meanwhile, consultant Bain & Co has been appointed to help review the tech companys unit. IBM shares closed higher for an […]
Read moreJanuary 12, 2018 8:37 am
According to a statement by Ford Motor Company (F) on Thursday, a second death was confirmed in one of its older pickup models resulting from a faulty Takata airbag inflator. Meanwhile, 2 900 pickup owners in North America were reportedly urged by the auto maker to discontinue driving immediately until replacement parts were obtained. Ford […]
Read moreJanuary 11, 2018 10:26 am
According to a Wednesday note by Morgan Stanley (MS) strategists, the bank reduced its exposure to the US stock market and focused on European equities, as the recent strong rally observed in the United States suggested rather limited upside in 2018. Morgan Stanley shares closed higher for a second consecutive trading session on Wednesday. It […]
Read moreJanuary 11, 2018 8:34 am
Shares of Boeing Company (BA) extended gains at the start of the new year, one day after the plane maker announced 912 new aircraft orders and the delivery of record 763 jetliners during 2017. This gives a group of analysts a reason to expect more upside for Boeings stock in 2018. Boeing shares closed higher […]
Read moreJanuary 10, 2018 10:25 am
International Business Machines (IBM) topped a list of patent assignees in the United States for a 25th straight year in 2017, data by analytics firm IFI Claims showed. IBM shares closed higher for a sixth consecutive trading session on Tuesday. The stock edged up 0.22% ($0.36) to $163.83, after touching an intraday high at $164.53, […]
Read moreJanuary 10, 2018 9:01 am
According to a statement by Boeing Company (BA) on Tuesday, 763 jetliners were delivered during the past year, which would likely be enough for the company to retain its leading position in plane manufacturing. Boeing shares closed higher for a third consecutive trading session on Tuesday. The stock went up 2.67% ($8.28) to $318.43, after […]
Read moreJanuary 9, 2018 10:23 am
JP Morgan reportedly upgraded Caterpillar from “Neutral” to “Overweight” and revised up its price target for the stock to $200 from $144 previously, citing a positive impact from the largest overhaul of the United States’ tax system in three decades. Caterpillar shares closed higher for a fourth consecutive trading session on Monday. It has also […]
Read moreJanuary 9, 2018 9:08 am
A diesel engine version of Ford Motor Companys (F) F-150 pickup truck is expected to be launched this spring as the auto maker seeks to gain a marketing edge over competitors. Ford shares closed lower for the first time in the past five trading sessions on Monday. The stock edged down 0.38% ($0.05) to $13.15, […]
Read moreJanuary 8, 2018 10:49 am
GoPro Inc was reported to have cut between 200 and 300 jobs at its aerial products unit during the past week. According to a report by technology news website TechCrunch, citing a letter sent to affected employees, the latter were relieved from duties on January 4th, but they will remain on GoPro’s payroll until February […]
Read moreJanuary 8, 2018 8:43 am
According to lawyers for the US Department of Justice and AT&T Inc (T), preparations for a trial, that is to decide whether the wireless and pay TV company may acquire Time Warner Inc, have been going smooth. AT&T shares closed higher for a second consecutive trading session on Friday. The stock edged up 0.37% ($0.14) […]
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