August 24, 2017 9:31 am
Amazon.com Incs (AMZN) intended acquisition of Whole Foods Market Inc for $13.7 billion has been cleared by the US Federal Trade Commission, the regulator said on August 23rd. Amazon shares closed lower for the sixth time in the past nine trading sessions on Wednesday. The stock went down 0.92% ($8.90) to $958.00, after touching an […]
Read moreAugust 24, 2017 7:51 am
Lowe’s Companies Incs (LOW) second-quarter results, reported on August 23rd, fell short of market expectations, while pressuring its shares during yesterdays trade. Lowes also revised down its full-year earnings forecast. Shares of Lowe’s Companies Inc closed lower for the first time in the past three trading sessions on Wednesday. It has also been the steepest […]
Read moreAugust 23, 2017 9:41 am
According to a source with knowledge of the matter, John Watson is to step down as Chevron Corporations (CVX) Chief Executive by September and will probably be succeeded by Mike Wirth, the companys Vice Chairman. Chevron shares closed higher for the second time in the past nine trading sessions on Tuesday. The stock went up […]
Read moreAugust 23, 2017 7:33 am
According to a statement by Ford Motor Company (F), its latest joint venture in China strives to achieve a sizable expansion in the local electric vehicle market. The auto maker is seeking to make 70% of its vehicle line-up in the country electric by the year 2025. Ford shares closed higher for a second consecutive […]
Read moreAugust 22, 2017 9:20 am
According to a statement by McDonald’s Corporation (MCD) on August 21st, all of the companys 169 restaurants in northern and eastern India are to be closed, as a legal dispute with domestic partner Connaught Plaza Restaurants Pvt Ltd intensified. McDonald’s shares closed higher for the third time in the past six trading sessions on Monday. […]
Read moreAugust 22, 2017 7:25 am
According to an internal memo by JP Morgan Chase & Co (JPM) released August 21st, an amount of up to $2 million is to be contributed to struggle against racism and in favor of human rights, following a white nationalist rally in Charlottesville, Virginia, that resulted in acts of violence and caused the death of […]
Read moreAugust 21, 2017 8:57 am
The shares of Foot Locker Inc (FL) registered their sharpest daily retreat in 105 months during Fridays session, as the retailers second-quarter earnings came in well below market expectations. Foot Locker shares closed lower for a second consecutive trading session on Friday. It has also been the steepest daily loss since November 21st 2008. The […]
Read moreAugust 21, 2017 7:03 am
According to a post by Facebook Incs (FB) founder Mark Zuckerberg on Friday, he is to take a two-month paternity leave after his second daughter is born. In March, Zuckerberg said he and his wife Priscilla were expecting a second child. Facebook shares closed higher for the fourth time in the past six trading sessions […]
Read moreAugust 18, 2017 9:34 am
Second-quarter earnings by Wal-Mart Stores Inc (WMT) were reported slightly above market expectations on August 17th, but however, the companys third-quarter earnings guidance raised certain concerns among investors. Wal-Mart shares closed lower for the first time in the past four trading sessions on Thursday. It has also been the steepest daily loss since July 10th. […]
Read moreAugust 18, 2017 7:48 am
According to a post by Economic Daily News, the upcoming Apple Watch is currently in its final testing phase prior to mass production. Apple shares closed lower for a second consecutive trading session on Thursday. It has also been the sharpest daily loss since August 10th. The stock went down 1.92% ($3.09) to $157.86, with […]
Read more
