January 17, 2018 8:38 am
According to a statement by General Electric Co on Tuesday, its fourth-quarter results will be influenced by a $6.2 billion charge related with a decade-old insurance portfolio, which covers long-term health care costs. When adjusted in accordance with the recently-passed US corporate tax rate cut, the charge would increase to $7.5 billion, GE said. General […]
Read moreJanuary 16, 2018 11:05 am
A proxy statement filed on Friday revealed that Walt Disney Chief Executive Bob Igers compensation for fiscal 2017 dropped 17% compared to a year ago. Other company executives saw decreases in their total pay as well. Walt Disney shares closed higher for a second consecutive trading session on Friday. The stock went up 1.33% ($1.48) […]
Read moreJanuary 16, 2018 8:32 am
In a speech at the Detroit auto show on Sunday, Ford Motor Cos Chairman Bill Ford said that investments in electric vehicles would be increased considerably to reach $11 billion by the year 2022. At the same time, the auto makers global model lineup is to include 40 electrified vehicles, of which 16 are expected […]
Read moreJanuary 15, 2018 10:47 am
According to a statement by CVS Health Corp (CVS) on Friday, Aetna Inc’s headquarters will be kept in Connecticut once the $69 billion acquisition of the health insurance company is finalized. Last year Aetna Inc had announced plans to relocate its headquarters to New York during 2018. CVS shares closed lower for the fourth time […]
Read moreJanuary 15, 2018 8:32 am
According to a Friday statement by Fiat Chrysler Automobiles NV (FCAU), over 162 000 Chrysler Pacifica minivans manufactured in 2017 are being recalled due to a software glitch that may lead to an engine stall. As of 8:27 GMT on Monday the shares of Fiat Chrysler were gaining 0.10% (EUR 0.020) on the day to […]
Read moreJanuary 12, 2018 10:52 am
According to a Thursday report by technology website The Register, citing unidentified company insiders, about 30% of IBMs 103 000 employees at its Global Technology Services unit are expected to be reassigned this year. Meanwhile, consultant Bain & Co has been appointed to help review the tech companys unit. IBM shares closed higher for an […]
Read moreJanuary 12, 2018 8:37 am
According to a statement by Ford Motor Company (F) on Thursday, a second death was confirmed in one of its older pickup models resulting from a faulty Takata airbag inflator. Meanwhile, 2 900 pickup owners in North America were reportedly urged by the auto maker to discontinue driving immediately until replacement parts were obtained. Ford […]
Read moreJanuary 11, 2018 10:26 am
According to a Wednesday note by Morgan Stanley (MS) strategists, the bank reduced its exposure to the US stock market and focused on European equities, as the recent strong rally observed in the United States suggested rather limited upside in 2018. Morgan Stanley shares closed higher for a second consecutive trading session on Wednesday. It […]
Read moreJanuary 11, 2018 8:34 am
Shares of Boeing Company (BA) extended gains at the start of the new year, one day after the plane maker announced 912 new aircraft orders and the delivery of record 763 jetliners during 2017. This gives a group of analysts a reason to expect more upside for Boeings stock in 2018. Boeing shares closed higher […]
Read moreJanuary 10, 2018 10:25 am
International Business Machines (IBM) topped a list of patent assignees in the United States for a 25th straight year in 2017, data by analytics firm IFI Claims showed. IBM shares closed higher for a sixth consecutive trading session on Tuesday. The stock edged up 0.22% ($0.36) to $163.83, after touching an intraday high at $164.53, […]
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