January 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 […]
Read moreJanuary 13, 2021 9:01 am
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 moreJanuary 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 moreJanuary 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 moreJanuary 7, 2021 8:57 am
Ford Motor Co (F) on Wednesday reported a 9.8% drop in its quarterly vehicle sales in the United States, as higher sales of Sport-utility vehicles (SUVs) were outweighed by a slump in sales of profitable trucks. As many as 542,749 vehicles were sold during the fourth quarter compared with 601,862 vehicles in the year-ago quarter. […]
Read moreJanuary 6, 2021 10:31 am
Granite Construction Incorporated (GVA) said earlier this week that it had opened its Solari Aggregate facility in Arvin, California, to provide aggregate and asphalt to private and public clients in the Bakersfield market. Shares of Granite Construction Inc closed higher for the fifth time in the past ten trading sessions in New York on Tuesday. […]
Read moreJanuary 6, 2021 8:45 am
Amazon.com Inc (AMZN) announced on Tuesday the purchase of 11 Boeing 767-300 aircraft, as the company seeks to bolster its delivery capabilities. The jets, which include 7 from Delta Air Lines and 4 from WestJet Airlines, are expected to be introduced into Amazon’s air cargo network by 2022, the company said. Amazon shares closed higher […]
Read moreJanuary 5, 2021 8:37 am
Argus has assigned a new 12-month price target of $305 on FedEx Corp (FDX) and maintained a “Buy” rating on the stock, while citing FDX’s “attractive valuation.” FedEx shares closed lower for a seventh consecutive trading session in New York on Monday. It has also been the steepest single-session loss since December 18th. The stock […]
Read moreJanuary 4, 2021 8:44 am
Delta Air Lines Inc (DAL) is still expected to achieve positive cash flow by the spring, Ed Bastian, the company’s Chief Executive Officer, said in a Friday memo. Delta Air shares closed lower for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the steepest single-session […]
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