March 21, 2018 8:31 am
According to a statement by Exxon Mobil Corp on Tuesday, it intends to set up a plastics plant on the US Gulf Coast in an attempt to respond to increasing Asia demand. The company plans to invest several hundred million dollars in the project, while a final decision is to be made later in 2018. […]
Read moreMarch 20, 2018 10:50 am
Shares of Tesla Inc (TSLA) plummeted more than 2% on the NASDAQ yesterday after Goldman Sachs was reported to have reiterated its ”Sell” rating on the stock as well as its price target of $205. Based on Tesla’s data points so far, the bank expects disappointing deliveries during the first quarter. Tesla shares closed lower […]
Read moreMarch 20, 2018 8:56 am
According to a report by Bloomberg, Apple Inc is developing device screens of its own by utilizing MicroLED (µLED) technology. The media also said that small numbers of the displays have already been manufactured for testing purposes. Apple shares closed lower for a second consecutive trading session on Monday. It has also been the steepest […]
Read moreMarch 19, 2018 10:34 am
Boeings 138-seat 737 MAX 7 jet reportedly initiated its first flight on March 16th, which marked the beginning of several months of trials before the plane enters service in 2019. The jet took off in favorable weather conditions near Seattle at 17:17 GMT on Friday, while its flight over Washington state was expected to last […]
Read moreMarch 19, 2018 8:55 am
JP Morgan Chase was reported to have taken a minority stake in start-up company Mosaic Smart Data, based in London. However, the financial terms of the agreement remained undisclosed, Reuters reported. JP Morgan Chase shares closed higher for a second consecutive trading session on Friday. The stock edged up 0.17% ($0.20) to $115.44, after touching […]
Read moreMarch 16, 2018 11:30 am
According to a statement by General Motors Company (GM) on Thursday, as much as $100 million would be invested in the upgrade of two facilities, as the company makes preparations for the production of its Cruise self-driving vehicle at the Orion Township assembly plant in Michigan in 2019. General Motors shares closed higher for the […]
Read moreMarch 16, 2018 8:50 am
According to a regulatory filing by Citigroup Inc (C), the annual pay received by the banks Chief Executive Officer, Michael Corbat, in 2017 was 369 times greater than the median annual pay of all its employees. Citigroup shares closed lower for a fourth consecutive trading session on Thursday. The stock edged down 0.18% ($0.13) to […]
Read moreMarch 15, 2018 12:36 pm
According to a statement by Ford Motor Company (F) on Wednesday, 1.38 million vehicles in North America are being recalled due to potential risk of steering wheel bolts loosening and detaching. Two accidents and one injury have so far been reported in association with the issue, the second-largest auto maker in the US said. Ford […]
Read moreMarch 15, 2018 9:36 am
Walmart Inc (WMT) announced on Wednesday that it would expand its grocery home delivery services to over 100 metro areas in 2018, as it seeks to become more competitive against rival Amazon. The service is expected to be rolled out to over 40% of households in the United States by the end of this year. […]
Read moreMarch 14, 2018 11:10 am
According to a report by Reuters on Tuesday, a deal has been inked between Starbucks Corp and private equity firm SouthRock Capital of Brazil, under which the latter will be able to develop and operate branches of the US coffee chain across the South American country. The value of the agreement, however, remained undisclosed. Starbucks […]
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