August 1, 2017 8:19 am
Facebook Incs (FB) stock has been downgraded by Pivotal Research from “Hold” to “Sell”. According to the research firm, the social media giant may be facing risk of digital advertising saturation, as large international companies are “scrutinizing” their marketing initiatives. Facebook shares closed lower for the first time in the past four trading sessions on […]
Read moreAugust 1, 2017 7:02 am
Amazon.com Inc (AMZN) is reportedly being under federal investigation over a possible violation of US sanctions against Iran. The company confirmed that consumer goods had been sold to at least one individual included in the US governments list of people and organizations with ties to terrorist groups. Amazon shares closed lower for a third consecutive […]
Read moreJuly 31, 2017 9:31 am
According to filings in the US District Court in Manhattan from July 28th, Morgan Stanley, Royal Bank of Canada and three other financial institutions have agreed to pay a combined $111.2 million in relation to the settlement of a lawsuit, which accused them of rate manipulation in the Foreign Exchange Market. 14 out of 16 […]
Read moreJuly 31, 2017 7:27 am
According to a July 28th statement by Wells Fargo & Company (WFC), 69 executive jobs are to be cut at the banks retail unit due to restructuring efforts. Wells Fargo shares closed lower for a third consecutive trading session on Friday. It has also been the steepest daily loss since April 13th. The stock went […]
Read moreJuly 28, 2017 10:11 am
Facebook Incs positive second-quarter results sent the companys shares to a new all-time high during yesterdays trade, which added over $27 billion to its market capitalization. Facebook shares closed higher for a second consecutive trading session on Thursday. It has also been the steepest daily surge since November 21st 2016. The stock went up 2.92% […]
Read moreJuly 28, 2017 8:00 am
According to a July 27th statement by Starbucks Corporation (SBUX), it intends to acquire the remaining 50% stake in its East China business from its joint venture partners Uni-President Enterprises Corp and President Chain Store Corp. The acquisition would be valued at approximately $1.3 billion. After the deal is finalized, the coffee chain will own […]
Read moreJuly 28, 2017 6:35 am
According to a source with knowledge of the situation, Citigroup Inc (C) has furthered its plans to relocate part of its private banking unit from London to Madrid in 2018, as Britain prepares to part ways with the European Union. Citigroup shares closed lower for a second consecutive trading session on Thursday. It has also […]
Read moreJuly 27, 2017 10:21 am
Boeing Companys (BA) second-quarter earnings and cash flow topped market expectations, supported by sizable cost reduction efforts. The plane maker also revised up its full-year core earnings forecast. Boeing shares closed higher for a fourth consecutive trading session on Wednesday. It has also been the steepest daily surge in more than a year. The stock […]
Read moreJuly 27, 2017 8:02 am
According to a press release by Ford Motor Company (F), its full-year 2017 pre-tax profit, automotive operating margins and cash flow would be lower in comparison with a year ago, which sent the companys shares down almost 2% during yesterdays trade. Ford shares closed lower for a fifth consecutive trading session on Wednesday. The stock […]
Read moreJuly 26, 2017 10:56 am
According to Digitimes supply chain sources, Facebook Inc (FB) intends to join the smart speaker market with a product aimed to compete with Amazon’s Echo Show. Facebook shares closed lower for the third time in the past thirteen trading sessions on Tuesday. The stock went down 0.43% ($0.72) to $165.28, after touching an intraday low […]
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