December 21, 2017 10:37 am
According to a statement by Macy’s Inc (M) on Wednesday, the department store operator has appointed Jill Ramsey as new Chief Product and Digital Revenue Officer. The appointment will take effect on January 8th. Macy’s shares closed higher for the sixth time in the past ten trading sessions on Wednesday. The stock edged up 0.32% […]
Read moreDecember 21, 2017 8:50 am
According to a statement by Blackstone Group LP (BX) on Wednesday, an agreement has been reached over the acquisition of real estate specialist Taliesin Property Fund, as the US investment company continues to expand its positions in the European real estate industry. Blackstone shares closed higher for the second time in the past eight trading […]
Read moreDecember 21, 2017 6:59 am
According to a representative from United Parcel Service Inc (UPS), the package delivery company has pre-ordered 125 all-electric semi-trucks from Tesla Inc, as it is seeking to bolster its fleet of alternative-fuel vehicles. This has been the largest public order for the so called “big rig” up to now and is expected to cost about […]
Read moreDecember 20, 2017 8:45 am
According to a report by Reuters, citing a person with knowledge of the matter, Michel Coulomb has been appointed as Apple Incs top sales executive in India, succeeding Sanjay Kaul. The new appointment comes at a time, when the tech company is seeking to expand its presence in the third largest smart phone market worldwide. […]
Read moreDecember 19, 2017 11:01 am
According to a report by French newspaper Le Parisien on Monday, a complaint has been filed by Frances government with the Paris Commerce Court against Amazon.com Inc (AMZN), which accused the company of abusing its dominant position with local suppliers. A representative from the Economy Ministry confirmed the information, but did not disclose more details. […]
Read moreDecember 19, 2017 8:30 am
A new $10 billion share buyback program has been authorized by Pfizer Incs (PFE) board on Monday. According to a statement by the company, the program represents an addition to the remaining amount of $6.4 billion under Pfizers current authorization. Pfizer shares closed lower for the second time in the past seven trading sessions on […]
Read moreDecember 18, 2017 11:09 am
Settlement talks between AT&T Inc (T) and the US Department of Justice over At&Ts bid to acquire Time Warner Inc were reported to have failed. AT&T shares closed higher for the fifth time in the past seven trading sessions on Friday. The stock went up 1.32% ($0.50) to $38.24, after touching an intraday high at […]
Read moreDecember 18, 2017 8:32 am
Lockheed Martin Corporation (LMT) said it was cooperating with Aerion Corp over development of the world’s first supersonic business jet. According to Aerion, the jet is expected to be operational by the year 2025. Lockheed Martin shares closed higher for the sixth time in the past eight trading sessions on Friday. It has also been […]
Read moreDecember 15, 2017 10:54 am
According to sources with knowledge of the situation, citing documents that Ford Motor Company (F) shared with suppliers, production of mid-sized sedans such as Mondeo and Fusion is to be relocated to China in 2020 from Spain and Mexico respectively. Ford shares closed lower for the fifth time in the past fifteen trading sessions on […]
Read moreDecember 15, 2017 8:41 am
According to a filing with the US Securities and Exchange Commission by Delta Air Lines Inc (DAL) on Thursday, it plans a firm order for 100 A321neo jets by Airbus as well as an optional order for additional 100 A321s. Deliveries are expected to begin in Q1 2020, while the new jets are to arrive […]
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