December 28, 2017 9:50 am
According to a statement by General Electric Company (GE) on Wednesday, the conglomerates facility in Rochester, New York, which assembles electronic boards, is to remain open for now, while all 100 employees based there are to be retained. In August, GE was reported to be considering the closure of that facility by June 2018 and […]
Read moreDecember 27, 2017 10:38 am
Shares of Apple Inc (AAPL) registered their sharpest daily slump in 4 1/2 months during the trading session on Tuesday, after a report by Taiwan’s Economic Daily revealed demand for the iPhone X might fall short of expectations during the first quarter of 2018. Some analysts also expressed such a view. Apple Inc, on the […]
Read moreDecember 26, 2017 10:17 am
The US unit of Fiat Chrysler is to recall approximately 1.8 million trucks in the United States, Mexico, Canada and some other markets in order to help prevent owners from inadvertently moving the vehicles’ gear-shifters out of their park position. In New York, Fiat Chrysler shares closed higher for a sixth consecutive trading session on […]
Read moreDecember 22, 2017 12:00 pm
A multi-year deal has reportedly been signed between Facebook Inc (FB) and Universal Music Group, which is to allow users globally to access Universal’s music catalogs, to upload videos containing licensed music as well as to personalize their music experiences on the social media network, Instagram and Oculus. Facebook shares closed lower for a third […]
Read moreDecember 22, 2017 9:12 am
Amazons Alexa-related services could generate additional $10 billion to $11 billion in sales in 2020, RBC Capital analyst Mark Mahaney projects. At the same time, the firm maintained its “Outperform” rating and $1,200 price target on the e-commerce companys stock. Amazon shares closed lower for a third consecutive trading session on Thursday. The stock edged […]
Read moreDecember 21, 2017 10:37 am
According to a statement by Macy’s Inc (M) on Wednesday, the department store operator has appointed Jill Ramsey as new Chief Product and Digital Revenue Officer. The appointment will take effect on January 8th. Macy’s shares closed higher for the sixth time in the past ten trading sessions on Wednesday. The stock edged up 0.32% […]
Read moreDecember 21, 2017 8:50 am
According to a statement by Blackstone Group LP (BX) on Wednesday, an agreement has been reached over the acquisition of real estate specialist Taliesin Property Fund, as the US investment company continues to expand its positions in the European real estate industry. Blackstone shares closed higher for the second time in the past eight trading […]
Read moreDecember 21, 2017 6:59 am
According to a representative from United Parcel Service Inc (UPS), the package delivery company has pre-ordered 125 all-electric semi-trucks from Tesla Inc, as it is seeking to bolster its fleet of alternative-fuel vehicles. This has been the largest public order for the so called “big rig” up to now and is expected to cost about […]
Read moreDecember 20, 2017 8:45 am
According to a report by Reuters, citing a person with knowledge of the matter, Michel Coulomb has been appointed as Apple Incs top sales executive in India, succeeding Sanjay Kaul. The new appointment comes at a time, when the tech company is seeking to expand its presence in the third largest smart phone market worldwide. […]
Read moreDecember 19, 2017 11:01 am
According to a report by French newspaper Le Parisien on Monday, a complaint has been filed by Frances government with the Paris Commerce Court against Amazon.com Inc (AMZN), which accused the company of abusing its dominant position with local suppliers. A representative from the Economy Ministry confirmed the information, but did not disclose more details. […]
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