December 4, 2017 10:46 am
Following the strong start of the holiday shopping season, Macy’s Inc (M) on Friday announced plans to hire additional 7 000 temporary workers at its traditional stores in order to service heavy client traffic. Macy’s shares closed higher for the sixth time in the past seven trading sessions on Friday. The stock went up 1.64% […]
Read moreDecember 4, 2017 8:43 am
According to a statement by General Electric Company (GE) on Friday, it was dismissing workers at its power division in Schenectady, NY, in an attempt to cut costs, as net income in that business sharply decreased. General Electric shares closed lower for a second consecutive trading session on Friday. It has also been the steepest […]
Read moreDecember 1, 2017 11:06 am
According to a source with knowledge of the situation, CVS Health Corp (CVS) is approaching a deal to acquire Aetna Inc for more than $66 billion. The cash and stock deal could be announced during the upcoming week. CVS shares closed higher for a third consecutive trading session on Thursday. It has also been the […]
Read moreDecember 1, 2017 8:49 am
According to Tim Wentworth, the Chief Executive Officer of Express Scripts Holding, Amazon.com Inc (AMZN) is seen as a potential partner rather than an industry rival. Amazon shares closed higher for the fifth time in the past seven trading sessions on Thursday. The stock went up 1.33% ($15.48) to $1,176.75, with the intraday high and […]
Read moreNovember 30, 2017 10:43 am
Microsoft Corporation (MSFT) on Tuesday evening announced plans to reconstruct its renowned Redmond campus, which would allow space for 8 000 new employees. The project is expected to take 5 to 7 years to complete. Microsoft shares closed lower for the second time in the past seven trading sessions on Wednesday. It has also been […]
Read moreNovember 30, 2017 8:54 am
Apple Inc was reported to have filed a counter suit against Qualcomm Inc on Wednesday, in which it claimed that Qualcomm’s Snapdragon mobile phone chips violated its patents. Snapdragon chips are used in a wide range of Android devices. Apple shares closed lower for a third consecutive trading session on Wednesday. It has also been […]
Read moreNovember 29, 2017 10:49 am
BlackRock Inc (BLK) is to acquire the asset management unit of Mexico’s Citibanamex, a statement by the worlds largest asset manager made clear. Under the agreement, BlackRock will be able to provide asset management solutions to customers of Citibanamex in Mexico. Citibanamex is a subsidiary of Citigroup Inc. BlackRock shares closed higher for a third […]
Read moreNovember 29, 2017 8:23 am
Amazon.com Inc is viewed as a “potential customer” amid continuing boom in e-commerce and rising demand for freight and transport, the head of Textron Incs aviation business said for CNBC yesterday. Amazon shares closed lower for the fourth time in the past eleven trading sessions on Tuesday. The stock edged down 0.19% ($2.23) to $1,193.60, […]
Read moreNovember 28, 2017 10:56 am
Intel Corporation (INTC) reportedly extended partnership with GE Healthcare, which is aimed to improve patient care via cloud solutions. Both entities also intend to invest in the Joint Performance Acceleration Lab in Chicago, where a number of GE Healthcare Imaging hardware and software solutions are to be developed, tested and validated. Intel shares closed lower […]
Read moreNovember 28, 2017 8:38 am
UBS was reported to have revised down its forecast on Apples iPhone unit sales growth for 2018 to 10% from 12% previously. The group, on the other hand, maintained a “Buy” rating and a $190 price target for the stock. Apple shares closed lower for the first time in the past four trading sessions on […]
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