November 3, 2017 12:31 pm
Qualcomm was reported to have filed a lawsuit against Apple in the California state court in San Diego on November 1st. According to allegations, Apple Inc violated a software license contract by providing benefits to Qualcomms rival, Intel, related to broadband modem production. Broadband modem chips, manufactured by Intel, have already been introduced in Apples […]
Read moreNovember 3, 2017 9:36 am
Ralph Laurens second-quarter revenue, reported on Thursday, slightly exceeded the median analyst estimate, as support was drawn by higher sales of full-price apparel as well as stronger demand for the brand in the United Kingdom. Ralph Lauren shares closed higher for a second consecutive trading session on Thursday. It has also been the steepest daily […]
Read moreNovember 2, 2017 12:35 pm
New York Times third-quarter earnings, reported on Wednesday, outstripped market expectations, as the media company attracted more advertisers and subscribers for its digitally published content. Revenue in its print business, however, shrank. Shares of New York Times Company closed lower for a third consecutive trading session on Wednesday. It has also been the steepest daily […]
Read moreNovember 2, 2017 9:24 am
Deliveries of Lockheed Martins F-35 fighter jets were reported to have been postponed for 30 days by the Pentagon due to the discovery of corrosion around fasteners. Lockheed Martin shares closed lower for a second consecutive trading session on Wednesday. The stock went down 0.51% ($1.56) to $306.60, after touching an intraday low at $306.50, […]
Read moreNovember 1, 2017 10:36 am
HSBC was reported to have maintained its price target for Apple Inc (AAPL) at $193. However, it stated that Apples brand was just “scratching the surface of its retail potential”. The bank also maintained its “Buy” rating for the stock. Apple shares closed higher for a fourth consecutive trading session on Tuesday. The stock went […]
Read moreNovember 1, 2017 8:54 am
Sony shares touched highs unseen in 9 1/2 years on the NYSE yesterday, after the company announced it projects to book a record-high profit in 2017. Such results would be indicative of the successful restructuring efforts by CEO Kazuo Hirai and the shift in the companys focus towards image sensors and game consoles. Shares of […]
Read moreOctober 31, 2017 11:07 am
Deutsche Bank was reported to have revised down its price target for General Electric Company (GE) to $18 from $21, as, in its view, it may take years for the conglomerate to cope with “operational and cultural challenges and establish a firm foundation from which the company can grow on a sustained basis”. Deutsche Bank […]
Read moreOctober 31, 2017 9:28 am
Exxon Mobil Corporation (XOM) was reported to have exited a major liquefied natural gas project in Pakistan. Exxon’s decision came as a result of ”issues with partners”, and more specifically Turkish developer Global Energy Infrastructure Limited (GEIL), according to Reuters. While citing government officials and industry sources, the same media also reported that emerging differences […]
Read moreOctober 30, 2017 10:31 am
On Sunday Chevron Corporation (CVX) said it had dropped plans to sell three subsidiaries and leave Bangladesh. According to Nasrul Hamid, the states junior minister for power, energy and mineral resources, the company will instead invest $400 million at Bibiyana, the largest gas field in the South Asian country. Chevron shares closed lower during the […]
Read moreOctober 30, 2017 8:26 am
Evercore ISI was reported to have downgraded Tesla Inc (TSLA) from “Outperform” to “In-Line” due to uncertainty over production of the companys Model 3. The firm also revised down its price target for the stock to $312 from $330. Tesla shares closed lower for the fifth time in the past seven trading sessions on Friday. […]
Read more
