February 14, 2018 8:17 am
Apple shareholders reportedly voted against two proposals at the tech companys annual meeting on February 13th. One of the proposals asked for relaxed rules that allow shareholders to name directors to the board. The other proposal asked for the establishment of a human rights committee at the company. Apple shares closed higher for a third […]
Read moreFebruary 13, 2018 10:50 am
According to people with knowledge of the situation, Qualcomm Incorporated (QCOM) is to meet with Broadcom Ltd on February 14th to discuss Broadcoms $121 billion acquisition proposal. It will be the first time, when the two entities will talk about a potential deal, Reuters reported. The shares of Qualcomm Incorporated closed higher for a second […]
Read moreFebruary 13, 2018 8:42 am
According to a report by the Financial Times during the weekend, Citigroup Inc (C) intends to establish an innovation center in London, which is to host the banks Middle East and Africa (EMEA) unit. Citigroup shares closed higher for a second consecutive trading session on Monday. The stock went up 1.47% ($1.08) to $74.76, after […]
Read moreFebruary 12, 2018 10:38 am
Popularity of NVIDIAs graphic processors (GPUs) has grown to such an extent, that PC gamers as well as cryptocurrency miners feel comfortable to pay several times the retail list price in order to acquire one on-line. NVIDIA shares closed higher for the third time in the past seven trading sessions on Friday. It has also […]
Read moreFebruary 12, 2018 8:13 am
According to a statement by Bank of America Corporation (BAC) on Friday, CEO Brian Moynihan’s incentive compensation for the past year has been approved by the board. The CEO’s compensation is comprised of a base salary, time-based restricted stock units and performance-based restricted stock units, paid only if the group accomplishes particular financial objectives. Bank […]
Read moreFebruary 9, 2018 11:45 am
Shares of New York Times Company (NYT) touched highs not seen in almost 10 1/2 years during yesterdays trading session, as the companys fourth-quarter revenue and earnings exceeded Wall Street estimates, supported by growth in digital subscriptions. Shares of New York Times Company closed higher for the second time in the past five trading sessions […]
Read moreFebruary 9, 2018 8:29 am
CVS Health Corps (CVS) fourth-quarter revenue and earnings, reported on Thursday, outstripped market expectations. However, the company revised down its full-year 2018 operating profit forecast. The pharmacy benefits manager also said it would raise the hourly wage for its employees and offer a paid parental leave program by utilizing part of $1.2 billion in savings […]
Read moreFebruary 8, 2018 12:02 pm
According to the Information website, a subscription-based game streaming service is currently being under development by Google. It would be designed to operate either on Googles Chromecast or on its currently developed game console. Alphabet shares closed lower for the fourth time in the past six trading sessions on Wednesday. The stock went down 2.96% […]
Read moreFebruary 8, 2018 9:00 am
Canadas Prime Minister Justin Trudeau is expected to meet Jeff Bezos, Amazons Chief Executive Officer, today during his visit to three major US cities, which is aimed to provide more support for the currently re-negotiated North American Free Trade Agreement. The meeting will take place in San Francisco. Amazon shares closed lower for the third […]
Read moreFebruary 7, 2018 10:32 am
Boeing’s services unit, which is involved in jet maintenance, repair and overhaul, data analytics as well as pilot training, said on Tuesday it had inked deals worth almost $1 billion, as it aims to bolster its annual revenue to $50 billion over a period of at least five years. Boeing shares closed higher for the […]
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