October 24, 2017 9:46 am
At a White House event on Monday Boeing Company (BA) signed a deal with Singapore Airlines Ltd, which involves the sale of 39 aircraft at list prices estimated at $13.8 billion. Boeing shares closed lower for the fifth time in the past seven trading sessions on Monday. It has also been the steepest daily loss […]
Read moreOctober 24, 2017 7:45 am
According to a statement by AT&T Inc (T) on Monday, the deadline for the closure of the proposed acquisition of Time Warner Inc has been extended by a “short period” of time, so that the required regulatory approvals can be obtained. The prior termination date was October 22nd. AT&T shares closed lower for a fourth […]
Read moreOctober 23, 2017 10:15 am
General Electric Companys (GE) third-quarter earnings, reported on Friday, fell well short of market consensus, sending its shares down by more than 5% at the start of the trading session. GE also cut its full-year profit forecast. General Electric shares closed higher for a second consecutive trading session on Friday. The stock initially gapped down […]
Read moreOctober 23, 2017 8:15 am
According to a filing by Tesla Inc on Friday, the company’s borrowing capacity for a car lease program has been increased from $600 million to $1.1 billion under certain warehouse agreements. Tesla shares closed lower for a second consecutive trading session on Friday. The stock went down 1.91% ($6.71) to $345.10, after touching an intraday […]
Read moreOctober 23, 2017 7:09 am
According to people with knowledge of the situation, cited by the Wall Street Journal, Wells Fargo & Company (WFC) has dismissed four foreign-exchange bankers, as that business is currently under investigation by regulatory authorities. Reports stated that a senior salesman and traders employed with Wells Fargos securities business in San Francisco and Charlotte had been […]
Read moreOctober 20, 2017 9:36 am
Shares of United Continental Holdings Inc experienced massive selling pressure yesterday, plummeting at a daily rate unseen in eight years, after the company released disappointing fourth-quarter forecasts on performance. United Air shares closed lower for the second time in the past five trading sessions on Thursday. It has also been the sharpest daily loss since […]
Read moreOctober 20, 2017 7:37 am
According to sources of Taiwanese newspaper Economic Times, cited by Reuters, orders of Apple’s iPhone 8 could turn out to be 50% fewer, as its predecessor still remains popular among customers and also due to the keenly anticipated release of iPhone X. Apple shares closed lower for a second consecutive trading session on Thursday. It […]
Read moreOctober 19, 2017 9:42 am
McDonald’s office in Seoul was reported to have been raided yesterday in relation with a burger probe. Yonhap News Agency reported a number of complaints that involved children feeling ill, following the consumption of allegedly undercooked hamburger patties. A spokesperson for McDonald’s Korea confirmed the raid. McDonald’s shares closed higher for a second consecutive trading […]
Read moreOctober 19, 2017 7:36 am
JP Morgan said earlier this week that it would acquire payments start-up WePay. However, no financial details of the deal have so far been revealed by the two entities. This would be JP Morgan’s first major purchase of a financial technology company. JP Morgan Chase shares closed higher for the second time in the past […]
Read moreOctober 18, 2017 9:46 am
Johnson & Johnsons third-quarter earnings, reported yesterday, outstripped market expectations, supported by strong performance at the companys pharmaceuticals segment. J&J also revised up its full-year earnings forecast due to potentially stronger demand for its new cancer drugs. Johnson & Johnson shares closed higher for the eleventh time in the past thirteen trading sessions on Tuesday. […]
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