November 7, 2017 8:35 am
According to people with knowledge of the matter, who wished to remain anonymous, Goldman Sachs is to launch a $5-billion fund in a partnership with sovereign fund China Investment Corp. The new fund is to invest in companies that operate within the US manufacturing industry. The precise amount, which each side will contribute to the […]
Read moreNovember 6, 2017 11:19 am
According to a filing by Wells Fargo & Company (WFC) with the US Securities and Exchange Commission on Friday, the group is faced with litigation related to sales issues with its auto and mortgage lending. Wells Fargo’s shares closed lower for the second time in the past seven trading sessions on Friday. The stock edged […]
Read moreNovember 6, 2017 9:42 am
An increasing number of analysts project a valuation of $1 trillion for Apple Inc (AAPL), after fourth-quarter sales outstripped market expectations and eased concerns surrounding the companys iPhone X. Apples first-quarter revenue forecast also exceeded a consensus of analyst estimates. Apple shares closed higher for a second consecutive trading session on Friday. It has also […]
Read moreNovember 6, 2017 8:24 am
According to a report by Reuters, citing a senior banker, six new recruits have been added to JP Morgans Greater China equities research team during 2017. The group was also reported to be planning a further expansion into this field next year. JP Morgan Chase shares closed lower for the third time in the past […]
Read moreNovember 3, 2017 12:31 pm
Qualcomm was reported to have filed a lawsuit against Apple in the California state court in San Diego on November 1st. According to allegations, Apple Inc violated a software license contract by providing benefits to Qualcomms rival, Intel, related to broadband modem production. Broadband modem chips, manufactured by Intel, have already been introduced in Apples […]
Read moreNovember 3, 2017 9:36 am
Ralph Laurens second-quarter revenue, reported on Thursday, slightly exceeded the median analyst estimate, as support was drawn by higher sales of full-price apparel as well as stronger demand for the brand in the United Kingdom. Ralph Lauren shares closed higher for a second consecutive trading session on Thursday. It has also been the steepest daily […]
Read moreNovember 2, 2017 12:35 pm
New York Times third-quarter earnings, reported on Wednesday, outstripped market expectations, as the media company attracted more advertisers and subscribers for its digitally published content. Revenue in its print business, however, shrank. Shares of New York Times Company closed lower for a third consecutive trading session on Wednesday. It has also been the steepest daily […]
Read moreNovember 2, 2017 9:24 am
Deliveries of Lockheed Martins F-35 fighter jets were reported to have been postponed for 30 days by the Pentagon due to the discovery of corrosion around fasteners. Lockheed Martin shares closed lower for a second consecutive trading session on Wednesday. The stock went down 0.51% ($1.56) to $306.60, after touching an intraday low at $306.50, […]
Read moreNovember 1, 2017 10:36 am
HSBC was reported to have maintained its price target for Apple Inc (AAPL) at $193. However, it stated that Apples brand was just “scratching the surface of its retail potential”. The bank also maintained its “Buy” rating for the stock. Apple shares closed higher for a fourth consecutive trading session on Tuesday. The stock went […]
Read moreNovember 1, 2017 8:54 am
Sony shares touched highs unseen in 9 1/2 years on the NYSE yesterday, after the company announced it projects to book a record-high profit in 2017. Such results would be indicative of the successful restructuring efforts by CEO Kazuo Hirai and the shift in the companys focus towards image sensors and game consoles. Shares of […]
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