September 28, 2017 7:21 am
Buying back its shares will continue to be Bank of Americas preferred practice compared to increasing dividend, according to the groups Chief Executive Officer Brian Moynihan. This way, in his view, the bank may not end up being in a position where it will need to slash dividends in the future. Bank of America shares […]
Read moreSeptember 27, 2017 8:59 am
According to an internal memo by Boeing Company (BA), a program office has been opened for a potential “new mid-market airplane”, with Mark Jenks being expected to run the project. Jenks is currently the person in charge of Boeings 787 Dreamliner program and after he assumes the new role, that program will be headed by […]
Read moreSeptember 27, 2017 6:54 am
According to a September 26th statement by Kohl’s Corporation (KSS), Kevin Mansell, the companys Chief Executive, is to retire in May 2018 at the close of Kohl’s annual shareholders meeting. Kohl’s shares closed higher for a third consecutive trading session on Tuesday. The stock edged up 0.13% ($0.06) to $46.27, after touching an intraday high […]
Read moreSeptember 26, 2017 9:26 am
Morgan Stanley (MS) was reported to have been ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to customers in relation with inadequate supervision over some short-term trades. The fines imposed are estimated at $3.25 million, while an additional $9.78 million are to be paid to customers as […]
Read moreSeptember 26, 2017 7:22 am
According to Ming-Chi Kuo, an analyst at KGI Securities, iPhone X pre-orders could exceed 50 million units, as the model represents the first complete form factor revamp since 2016. Apple shares closed lower for a fourth consecutive trading session on Monday. The stock went down 0.88% ($1.34) to $150.55, after touching an intraday low at […]
Read moreSeptember 25, 2017 9:56 am
According to a September 22nd statement by Mateusz Morawiecki, Polands Deputy Prime Minister, JP Morgan Chase & Co (JPM) has chosen to locate a new global operations center in Warsaw, which is expected to employ a few thousand people during the upcoming several years. JP Morgan Chase shares closed lower for the first time in […]
Read moreSeptember 25, 2017 8:34 am
According to people familiar with the matter, cited in a Bloomberg post on September 22nd, General Electric Company (GE) has taken a step closer to selling its industrial solutions unit to ABB Ltd, a Swiss engineering company, for an estimated amount of $2.5 billion to $3 billion. An agreement is likely to be announced by […]
Read moreSeptember 25, 2017 7:36 am
In a regulatory filing on Friday, Time Inc (TIME) said it was in talks over the sale of some of its assets, including Time Customer Service as well as a majority stake in the Essence magazine. At the same time, the publisher warned about softness in its third-quarter print and advertising revenue compared to the […]
Read moreSeptember 23, 2017 9:56 am
Merrill Lynch, Pierce, Fenner & Smith Inc, Bank of Americas broker-dealer affiliate, was reportedly ordered by the US Commodity Futures Trading Commission to pay a $2.5 million fine yesterday in relation with record-keeping violations. Additionally, the unit was found to have not conducted proper supervision on its traders in 2010. Bank of America shares closed […]
Read moreSeptember 22, 2017 8:21 am
According to a statement by Boeing Company (BA) earlier today, its 20-year forecast for plane orders in Southeast Asia has been revised up by 460 jets, as low-cost carriers such as Malaysias AirAsia, Indonesias Lion Air and Vietnams Vietjet continue to expand their operations. Boeing shares closed higher for a second consecutive trading session on […]
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