March 7, 2018 8:27 am
On March 6th Chevron Corp said it expected its annual production to increase at a rate between 4% and 7% during the current year. The company also projects to boost its free cash flow, which would allow it to resume its share buyback program for the first time since 2015. Chevron shares closed higher for […]
Read moreMarch 6, 2018 10:40 am
Ford Motor Company (F) intends to lay off almost 2 000 hourly workers at its assembly and stamping facilities in Wayne, Michigan, since the plants are to be reorganized to manufacture the companys Ranger pickup trucks and Bronco SUVs. Ford shares closed higher for a second consecutive trading session on Monday. The stock went up […]
Read moreMarch 6, 2018 8:17 am
Amazon.com Inc (AMZN) was reported to be planning the launch of a grocery delivery service in France. It was in February, when the e-commerce company announced plans to add 2 000 new jobs in Eurozones second largest economy. Amazon shares closed higher for a second consecutive trading session on Monday. It has also been the […]
Read moreMarch 5, 2018 11:02 am
According to a report by Reuters, citing a GM document, the auto makers unit in South Korea intends to cut about 30% of its workforce (5 000 jobs) at plants across the country. On the other hand, production process is to be kept steady, in case the government accepts the companys $2.8 billion proposal for […]
Read moreMarch 4, 2018 12:37 pm
According to Judge Richard Leon, who is on the US District Court for the District of Columbia, the start date for the trial, which is to determine if AT&T Inc (T) can acquire Time Warner Inc, may be postponed by one day – to March 20th. AT&T shares closed higher for the first time in […]
Read moreMarch 2, 2018 10:58 am
Ford Motor Companys (F) overall auto sales in the United States were reported to have shrunk 6.9% to 194 132 vehicles in February in comparison with the same month of 2017. That compares with a 6% sales growth expected by Edmunds. Ford shares closed lower for the second time in the past six trading sessions […]
Read moreMarch 2, 2018 8:27 am
According to sources with knowledge of the matter, Bank of New York Mellon Corp intends to open an office in Saudi Arabia as early as Q2 this year, as it explores opportunities to service the countrys foreign assets. The bank already manages foreign funds held by entities outside Saudi Arabia that are linked with the […]
Read moreMarch 1, 2018 11:18 am
In a statement at the LNGA conference in Singapore, Frank Kretschmer, Exxon Mobils senior Vice President for LNG Marketing in Asia Pacific, said the company intended to further its plans regarding the establishment of a liquefied natural gas (LNG) export facility in Mozambique. Exxon Mobil shares closed lower for a second consecutive trading session on […]
Read moreMarch 1, 2018 8:55 am
Macquarie Research cut its rating for Comcast Corporation (CMCSA) from “Outperform” to “Neutral” on Wednesday, as it highlighted concerns in regard to the media giants bid to acquire Sky Plc. Comcast had proposed $31 billion to acquire the European pay-TV group. Comcast shares closed lower for a second consecutive trading session on Wednesday. The stock […]
Read moreFebruary 28, 2018 11:01 am
Four private label clothing brands will reportedly be introduced by Walmart Inc (WMT) next month, as the retailer attempts to expand its presence in the apparel industry and become more competitive against e-commerce giant Amazon. Walmart shares closed lower for the first time in the past four trading sessions on Tuesday. The stock went down […]
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