February 28, 2018 8:29 am
Shares of Walt Disney Company registered their largest daily drop since August 2015 on Tuesday following news that cable giant Comcast Corp had proposed $31 billion to acquire Sky Plc and, thus, endangering a plan by Rupert Murdoch’s Twenty-First Century Fox and Disney to take control of the European pay-TV group. Walt Disney shares closed […]
Read moreFebruary 27, 2018 10:58 am
According to a report by Lauro Jardim, O Globo newspaper columnist, over the weekend, Boeing Company (BA) is to own 51% in a joint venture with Brazils plane maker Embraer. Boeing shares closed higher for a third consecutive trading session on Monday. It has also been the sharpest daily surge since February 15th. The stock […]
Read moreFebruary 27, 2018 8:05 am
Delta Air Lines Inc and European aircraft manufacturer Airbus SE were reported to have formed an alliance with wireless carrier Sprint Corp, Bharti Airtel Ltd of India as well as satellite startup OneWeb, aimed at development of in-flight 5G services. The companies, however, did not reveal any financial details of the agreement. Delta Air shares […]
Read moreFebruary 26, 2018 10:54 am
The price of Googles YouTube TV on-line service for new clients is to be raised from $35 per month to $40 per month following the addition of new content, Reuters reported. Alphabet shares closed higher for the ninth time in the past ten trading sessions on Friday. It has also been the sharpest daily surge […]
Read moreFebruary 26, 2018 8:31 am
On Saturday Bank of America Corporation (BAC) addressed clients engaged in weapons manufacturing, as it said it would ask them what actions they are able to take in order to end gun killing sprees, after the latest mass shooting at a high school in Florida. Bank of America shares closed higher for the first time […]
Read moreFebruary 23, 2018 11:01 am
At an investor conference hosted by Citigroup in Miami earlier this week, General Electrics Chief Financial Officer Jamie Miller said that the conglomerate had “line of sight” on the first asset sales worth $4 billion that were part of a total of $20 billion in disposals. General Electric shares closed higher for the third time […]
Read moreFebruary 23, 2018 8:31 am
Kumar Galhotra, who has served as Ford’s Chief Marketing Officer since 2017, was reported to have been named by the company as President of its North America business, after Raj Nair abruptly left the auto maker on February 21st. Galhotra’s appointment is effective March 1st. Ford shares closed higher for the fourth time in the […]
Read moreFebruary 22, 2018 10:52 am
MKM Partners reportedly revised up its price target on Amazons stock to $1 750 from $1 350 previously, as the e-commerce giant is seen as increasing the competitive advantage it has achieved. The research firm also maintained a “Buy” rating on the stock. Amazon shares closed higher for a second consecutive trading session on Wednesday. […]
Read moreFebruary 22, 2018 8:32 am
According to a statement by Israel’s Economy Minister Eli Cohen on Wednesday, Intel plans a $5 billion investment in its Kiryat Gat facility located in the southern part of the country, as it seeks to bolster production. Plant enhancement is to begin later this year, while the process is expected to be completed in 2020. […]
Read moreFebruary 21, 2018 10:54 am
According to a report by the Financial Times, Citigroups private banking and wealth management divisions in Asia are targeting the lower end of the contingent of wealthy customers in the region. Citigroups wealth management business is the second-largest in the Asia-Pacific area with total assets under management of approximately $218 billion. Citigroup shares closed lower […]
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