November 13, 2017 10:38 am
During the Dubai Airshow this weekend Boeing representatives sought to ease concerns over slowing growth of airlines in the Gulf and also played down the impact of rising political tensions in the area. Boeing shares closed lower for a third consecutive trading session on Friday. The stock went down 0.70% ($1.85) to $260.85, with the […]
Read moreNovember 13, 2017 9:33 am
According to a report by El Cronista newspaper on Friday, Coca-Cola Company (KO) is considering the withdrawal of part of its $1-billion investment in Argentina, as the countrys government intends to propose a tax raise on soft drinks. The proposal is to be presented to Congress today. Coca-Cola shares closed higher for a fourth consecutive […]
Read moreNovember 13, 2017 8:26 am
According to a report by Reuters, Amazons job advertisements brought to life speculation that the tech giant might soon expand its operations in product insurance on the European continent. Amazon shares closed lower for a second consecutive trading session on Friday. The stock edged down 0.33% ($3.78) to $1,125.35, with the intraday high and the […]
Read moreNovember 10, 2017 12:11 pm
Macys Incs third-quarter adjusted earnings, reported on Thursday, outstripped market expectations. However, its comparable sales fell at a steeper rate than anticipated due to lower foot traffic and fierce competition from on-line operators. Macys also reaffirmed its full-year 2017 guidance, which it had provided previously. Macy’s shares closed higher for a second consecutive trading session […]
Read moreNovember 10, 2017 8:43 am
At a drive event hosted by RBC, Tesla Incs Model 3 received predominantly positive feedback. According to Joseph Spak of RBC, the vehicle felt “like a smaller version of the Model S, but with a fresh view”. Tesla shares closed lower for a second consecutive trading session on Thursday. The stock went down 0.46% ($1.40) […]
Read moreNovember 9, 2017 12:20 pm
Three aviation and engine deals worth $3.5 billion were reportedly signed between General Electric Company (GE) and its partners in China during US President Trumps visit to Beijing today. General Electric shares closed lower for the 11th time in the past 13 trading sessions on Wednesday. The stock went down 0.45% ($0.09) to $20.12, after […]
Read moreNovember 9, 2017 8:49 am
The largest turboprop plane manufacturer globally, ATR, said on Wednesday that FedEx Express had ordered up to 50 72-600F freighter planes. The deliveries are expected to begin in 2020. FedEx shares closed lower for the seventh time in the past eight trading sessions on Wednesday. The stock edged down 0.30% ($0.66) to $220.50, after touching […]
Read moreNovember 8, 2017 10:38 am
According to a statement by Tesla Inc (TSLA) on Tuesday, an agreement has been reached over the acquisition of Perbix Machine Co Inc, a privately held automation equipment manufacturer, which has also been a supplier for Tesla over the past three years. However, financial details of the deal remained undisclosed. Tesla shares closed higher for […]
Read moreNovember 8, 2017 8:39 am
According to a press release by Ford Motor Company (F), total vehicle sales in China shrank 5% last month to 105 809 units from a year ago. Customer demand remained strong for models such as Mondeo and Kuga during the period, as both nameplates registered double-digit growth compared to October 2016. Ford shares closed lower […]
Read moreNovember 7, 2017 10:48 am
According to a report by Reuters on Monday, a partnership has been formed between rivals Advanced Micro Devices and Intel, aimed to help both companies to compete with Nvidia Corp. Shares of Advanced Micro Devices Inc closed higher for a third consecutive trading session on Monday. It has been the steepest daily surge since July […]
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