Stock News

Lockheed Martin shares close higher on Friday, company declares fourth-quarter dividend of $2.60 per share

The board of directors of Lockheed Martin Corp (LMT) has authorized a dividend of $2.60 per share for the fourth quarter of 2020, which is an increase of $0.20 per share compared to third-quarter dividend. The dividend will be paid on December 24th to holders of record as of the close of business on December […] Read more

AMC shares fall for a sixth straight session on Thursday, company to sell up to 15 million shares as it warns of potential liquidity issues in Q4

AMC Entertainment Holdings Inc (AMC) said in a SEC filing that it had reached an agreement with major banks to sell up to 15 million shares in an attempt to raise funds as it burns cash because of the coronavirus crisis. Shares of AMC Entertainment Holdings closed lower for a sixth consecutive trading session in […] Read more

KKR shares close lower on Wednesday, company to buy 1-800 Contacts from AEA Investors LP

KKR & Co Inc (KKR) will purchase online contact lens retailer 1-800 Contacts from AEA Investors LP, Reuters reported. The deal was valued at more than $3 billion, the same media said, citing a knowledgeable source. Shares of KKR & Co closed lower for the sixth time in the past ten trading sessions in New […] Read more

Ford shares fall for a third straight session on Tuesday, auto maker plans $1.46 billion investment in Oakville and Windsor facilities

Unifor union National President Jerry Dias said on Tuesday that Ford Motor Co (F) planned to invest CAD 1.95 billion ($1.46 billion) in its Canadian facilities in Oakville and Windsor as part of an agreement with Canadian autoworkers. According to Dias, the agreement covers a reorganization of the Oakville facility in order to manufacture 5 […] Read more

Microsoft shares close higher on Monday, company to acquire ZeniMax Media in $7.5 billion cash deal

Microsoft Corp (MSFT) announced on Monday plans to acquire ZeniMax Media in a cash deal valued at $7.5 billion. This is going to be the most formidable gaming acquisition Microsoft has ever made, as the software giant aims to bolster its video game catalogue in its fierce competition with Sony. ZeniMax, which is the parent […] Read more

Ford shares close higher on Thursday, new generation F-150 pickups to hit market in November

Ford Motor Co (F) announced on Thursday that it had initiated production of a new generation of its F-150 pickup truck at its factory in Dearborn, Michigan. The vehicle is expected to come to market in November. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on […] Read more

J.P. Morgan shares close lower on Tuesday, six new members added to bank’s operating committee

According to a report by Reuters, citing a J.P. Morgan Chase memo, the Wall Street bank intends to add six new members to its operating committee. This would bring the total number of committee members to 18, including 10 men and 8 women. J.P. Morgan Chase shares closed lower for the fifth time in the […] Read more

Alphabet shares close lower on Monday, YouTube to roll out new video service known as Shorts

In a Monday blog post, Alphabet Inc’s YouTube announced the launch of Shorts, a new short-form video service that will compete with TikTok and Facebook Inc’s Reels. The new product is to allow users to record short mobile-friendly vertical videos and to add special effects and soundtracks from a music library. Alphabet shares closed lower […] Read more

Kroger shares close lower on Friday, company’s full-year forecasts on comparable sales and earnings top analyst estimates

Kroger Company’s (KR) full-year forecasts on comparable sales and earnings, issued last Friday, outstripped Wall Street estimates, since the coronavirus pandemic has prompted consumers to order more from their homes. Kroger Co’s online sales soared 127% year-on-year during the fiscal second quarter ended August 15th, as shoppers have been ordering a variety of items online […] Read more

Tesla shares gain for a second straight session on Thursday, company introduces new supercharger equipment in Berlin

Tesla Inc managers demonstrated a new charge system in the EUREF campus in Berlin, Germany, on Thursday and announced that the company was exploring more target cities where the new equipment may be introduced. A spokesperson for Tesla said that the US electric car maker was planning to open at least one more inner-city fast […] Read more