October 18, 2017 7:52 am
According to a statement by New York Governor Andrew Cuomo, General Motors Company (GM) intends to test fully autonomous vehicles in the state early next year. The tests are to be conducted in Manhattan and will include two-person crews – an engineer sitting in the drivers seat who will evaluate the vehicle’s performance, and another […]
Read moreOctober 17, 2017 10:05 am
Shares of Netflix Inc (NFLX) reached a fresh record-high level yesterday, as third-quarter subscriber growth outstripped market expectations. Netflix shares closed higher for a third consecutive trading session on Monday. The stock went up 1.60% ($3.19) to $202.68, after touching an intraday high at $202.83 and also a fresh all-time high. After-hours trade saw the […]
Read moreOctober 17, 2017 8:23 am
On Monday Wells Fargo & Company (WFC) was reported to have been ordered by the Financial Industry Regulatory Authority (FINRA) to return $3.4 million to clients in relation with the sale of high-risk investment products that were not suitable for their profile. Wells Fargo shares rebounded during the trading session on Monday, following the sharp […]
Read moreOctober 16, 2017 9:25 am
According to a post by Reuters on Friday, citing a former Tesla employee, the luxury electric car maker fired approximately 400 employees during the past week. The main reason behind dismissals was performance, Tesla said in an emailed statement. Tesla shares closed lower for the third time in the past eleven trading sessions on Friday. […]
Read moreOctober 16, 2017 8:09 am
According to a statement by Amazon.com Inc (AMZN) on Friday, it intends to open a new distribution center in Bolton, England, next year, as the company continues to expand in the UK, its third-largest market outside North America. The center is to ensure 1 200 new full-time job positions, while advanced robotics technology is to […]
Read moreOctober 13, 2017 9:42 am
Wells Fargo & Company (WFC) was reported to have appointed Mike Roemer as the groups new Chief Compliance Officer, who is expected to take charge in January. Roemer is to replace interim CCO Kevin Oden, who assumed the post in June, taking over from Yvette Clark. Wells Fargo shares closed lower for the third time […]
Read moreOctober 13, 2017 7:38 am
According to a report by the Wall Street Journal, citing people with knowledge of the situation, production at General Motors’ assembly plant in Detroit is to be scaled back, while approximately 1 500 workers – laid off. However, the auto maker refused to comment on the matter. General Motors shares closed lower for a second […]
Read moreOctober 12, 2017 10:29 am
According to a statement by Kroger Company (KR) on Wednesday, it is exploring the opportunity to sell convenience stores in an attempt to renovate its business amid fierce competition among brick-and-mortar and on-line food retailers. The shares of Kroger Company closed higher for a second consecutive trading session on Wednesday. It has also been the […]
Read moreOctober 12, 2017 7:55 am
Delta Air Lines Inc (DAL), the second largest carrier in the United States by passenger traffic, reported better-than-anticipated quarterly earnings yesterday, despite the negative impact from severe weather. There had been concerns among investors that the hurricane season, which included three back-to-back storms, would have had a stronger influence on profitability. Delta Air shares closed […]
Read moreOctober 11, 2017 9:55 am
On Tuesday Wal-Mart Stores Inc (WMT) said it intended to launch a new two-year $20-billion share buyback plan. The latter will replace a $20-billion repurchase, which was approved in October 2015. The company also projected a 40% surge in its on-line sales in the United States during the fiscal year ending in January 2019. Wal-Mart […]
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