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

January 21, 2021 8:37 am
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

January 20, 2021 10:37 am
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

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

January 19, 2021 8:44 am
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

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

January 13, 2021 10:50 am
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

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

January 11, 2021 8:32 am
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

January 8, 2021 8:45 am
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