January 27, 2021 8:45 am
General Electric Co’s fourth-quarter free cash flow, reported on Tuesday, topped Wall Street estimates, while the company set a target for that essential performance measure at $2.5 billion to $4.5 billion for the full-year 2021, citing better operational management. General Electric shares closed higher for the fifth time in the past ten trading sessions in […]
Read moreJanuary 26, 2021 8:47 am
Google workers from all over the globe were reported to have formed a union alliance. The news came weeks after over 200 employees at Google and other Alphabet Inc units established a labor union for offices in Canada and the United States. Alphabet shares closed lower for the fifth time in the past ten trading […]
Read moreJanuary 22, 2021 8:30 am
BlackRock Inc (BLK) intends to introduce bitcoin futures as an eligible investment to two of its funds – BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc, a regulatory filing showed. BlackRock shares closed higher for a third consecutive trading session in New York on Thursday. The stock inched up 0.09% ($0.66) to $742.20, […]
Read moreJanuary 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 moreJanuary 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 moreJanuary 20, 2021 8:46 am
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 moreJanuary 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 moreJanuary 15, 2021 8:30 am
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 moreJanuary 14, 2021 8:40 am
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 moreJanuary 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 […]
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