October 4, 2017 9:54 am
Yesterday General Motors Company (GM) said that its operations outside of China and North America would be incorporated into a new entity headquartered in Detroit and headed by Barry Engle, the present GM executive vice president and president of GM South America. He is expected to report to GM President Dan Ammann. The announcement comes […]
Read moreOctober 4, 2017 7:57 am
The second-largest airline in the United States by passenger traffic, Delta Air Lines Inc (DAL), said its total revenue passenger miles (RPMs) rose 0.3% to 17.654 million last month, as domestic and international RPMs went up at one and the same monthly rate. Delta Air shares closed higher for the second time in the past […]
Read moreOctober 3, 2017 9:15 am
According to a Monday statement by Tesla Inc (TSLA), its third-quarter deliveries grew 4.5% from a year ago, but however, “production bottlenecks” obstructed the planned increase for the companys Model 3 mass-market sedan. Tesla shares closed higher for a second consecutive trading session on Monday. The stock edged up 0.13% ($0.43) to $341.53, with the […]
Read moreOctober 3, 2017 7:29 am
According to Seeking Alpha, additional 1 000 people are to be hired by Facebook Inc (FB) to review its ad buying initiatives amid rising public scrutiny over whether the Russian Federation used the social network as a tool to influence the outcome from the elections in the United States as well as in other parts […]
Read moreOctober 2, 2017 10:07 am
According to a Friday statement by James Cowles, Citigroup Incs (C) Chief Executive Officer for Europe, the Middle East and Africa, the group has applied for a broker-dealer license in France, as Britain prepares to part ways with the EU. Citigroup shares closed higher for a fourth consecutive trading session on Friday. The stock edged […]
Read moreOctober 2, 2017 9:16 am
Citigroup was reported to have revised up its price target for NVIDIA Corporation (NVDA) to $210 from $185 previously due to AI market potential. The bank also kept its “Buy” rating for the stock. NVIDIA shares closed higher for the third time in the past nine trading sessions on Friday. The stock went up 1.76% […]
Read moreOctober 2, 2017 8:03 am
According to proxy adviser Institutional Shareholder Services, Procter & Gamble shareholders should vote in favor of activist investor Nelson Peltz joining the companys board. Procter & Gambles annual shareholder meeting is scheduled on October 10th. Procter & Gamble shares closed higher for a second consecutive trading session on Friday. The stock edged up 0.10% ($0.09) […]
Read moreSeptember 29, 2017 11:13 am
According to a notice by the US Securities and Exchange Commission filed on September 27th, Wells Fargo & Company (WFC) has obtained initial approval related to the creation of exchange traded index funds. Unless a hearing is ordered, the approval will go into effect. Wells Fargo shares closed higher for a second consecutive trading session […]
Read moreSeptember 29, 2017 7:26 am
Deutsche Bank was reported to have revised up its price target for Facebook Inc (FB) to $220 from $215 previously due to positive ad checks. The bank also kept its “Buy” rating for the stock. Facebook shares closed higher for a third consecutive trading session on Thursday. The stock went up 0.63% ($1.05) to $168.73, […]
Read moreSeptember 28, 2017 8:57 am
Ford Motor Company (F) was reported to have formed a partnership with Lyft in an attempt to increase the number of its self-driving vehicles in the US. Ford shares closed higher for the fourth time in the past six trading sessions on Wednesday. The stock edged up 0.17% ($0.02) to $11.95, with the intraday high […]
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