Stock News

Walt Disney shares gain for a second straight session on Wednesday, company’s top executives receive no performance-based bonuses in fiscal 2020

Walt Disney Co’s (DIS) top executives received no performance-based bonuses during the past fiscal year, the company said earlier this week, as it seeks to cushion the impact of the pandemic. Walt Disney shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest single-session gain […] Read more

General Motors shares close higher on Tuesday, GM and Cruise announce partnership with Microsoft aimed to commercialize driverless vehicles

General Motors Co (GM) and Cruise, in which the auto maker holds a majority stake, announced on Tuesday a partnership with Microsoft Corp, aimed to commercialize self-driving vehicles. General Motors shares closed higher for the eighth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest single-session […] Read more

AT&T shares fall for a second straight session on Tuesday, company plans workforce cuts in Slovakia

AT&T Inc (T) said earlier this week that it intended to cut its headcount in Slovakia, since the coronavirus crisis has delivered a blow to customer demand. According to a report by Reuters, Martin Horkavy, the chairman of trade union uniJA representing AT&T workers, claimed such a decision could affect as many as 300 jobs. […] Read more

Food delivery firm Deliveroo secures $180 million in the latest round of fundraising

Deliveroo said over the past weekend that it had secured additional $180 million in raised funds from existing investors. As a result, the company’s business is now valued at over $7 billion. The London-based company intends to use the $180 million raised to expand its delivery-only kitchen sites, on-demand grocery deliveries and subscription services. “This […] Read more

BlackRock shares close lower on Thursday, quarterly profit tops estimates as AUM rise to a record high

BlackRock Inc’s quarterly profit, reported on Thursday, topped Wall Street estimates, since higher activity in global markets led to higher investment and advisory fees for the company, while its assets under management rose to a record high. BlackRock shares closed lower for the second time in the past ten trading sessions in New York on […] Read more

Visa shares close higher on Wednesday, company terminates merger agreement with Plaid

Visa Inc (V) and fintech firm Plaid said earlier this week that their $5.3 billion merger agreement would be terminated, after the US government filed a lawsuit to stop the proposed transaction due to antitrust concerns. Visa shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […] Read more

Ford shares gain the most in seven weeks on Tuesday, Brazilian factory closures to bolster profitability abroad, J.P. Morgan says

According to J.P. Morgan analysts, Ford Motor Co’s decision to shut three facilities in Brazil will allow it to trim losses and bolster profitability in its underperforming international segment. “We expect the move to quickly reduce losses in its South American operations, for which we now model a breakeven result in 2020 compared with a […] Read more

Pfizer shares close lower on Tuesday, company expects full-year 2021 EPS of $3.00 to $3.10

During a J.P. Morgan healthcare conference yesterday, Pfizer Inc’s (PFE) Chief Executive Officer Albert Bourla said that the company forecast full-year 2021 earnings within the range of $3.00 to $3.10 per share. In comparison, analysts on average anticipate full-year earnings per share of $3.07. Pfizer shares closed lower for the third time in the past […] Read more

General Motors shares close lower on Friday, Cruise appoints Gil West, former Delta Air executive, as Chief Operating Officer

Cruise, the self-driving unit majority owned by General Motors Co (GM), announced on Friday the appointment of Gil West, the former senior executive vice president and Chief Operating Officer at Delta Air Lines, as its new Chief Operating Officer. General Motors shares closed lower for the fifth time in the past ten trading sessions in […] Read more

IBM shares close lower on Thursday, company appoints Martin Schroeter as head of new IT infrastructure services unit

International Business Machines Corp (IBM) on Thursday appointed Martin Schroeter, previously CFO, as head of its new IT infrastructure services unit, which will soon become public. IBM shares closed lower for the third time in the past ten trading sessions in New York on Thursday. The stock went down 0.23% ($0.30) to $128.99, after touching […] Read more