December 30, 2020 8:31 am
J.P. Morgan Chase & Co (JPM) announced on Monday plans to acquire the global loyalty unit of cxLoyalty Group Holdings Inc. Yet, financial details of the agreement remained undisclosed. J.P. Morgan Chase shares closed lower for the fifth time in the past ten trading sessions in New York on Tuesday. The stock edged down 0.26% […]
Read moreDecember 29, 2020 8:14 am
According to a report by German paper Augsburger Allgemeine, BMW intends to accelerate its production of electric vehicles. The luxury auto maker aims at least 20% of its sold vehicles to be made electric by 2023. Shares of Bayerische Motoren Werke AG (BMWG) were edging up 0.22% (EUR 0.165) in Frankfurt on Tuesday to trade […]
Read moreDecember 24, 2020 10:05 am
Wells Fargo revised up its 12-month price target on Walt Disney Co (DIS) from $182 to $201 and maintained an “Overweight” rating on the stock, as it projects success in streaming growth into next year. Walt Disney shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. […]
Read moreDecember 23, 2020 8:35 am
According to a recent report by Reuters, Apple Inc (AAPL) intends to begin production of a passenger vehicle by the year 2024 by using its own battery technology. Apple’s new battery design could lead to a “radical” reduction of battery costs and also improve the vehicle’s range, the report stated. Apple shares closed higher for […]
Read moreDecember 22, 2020 8:36 am
Lockheed Martin Corp (LMT) said over the weekend that it would acquire US rocket engine maker Aerojet Rocketdyne Holdings Inc in a deal valued at $4.4 billion, including debt and net cash. The deal is expected to be finalized during the second half of 2021, subject to regulatory approvals. Lockheed Martin shares closed lower for […]
Read moreDecember 21, 2020 8:28 am
According to a report by Reuters, citing sources with knowledge of the matter, Blackstone Group Inc (BX) is exploring a merger of US benefits services provider Alight Solutions LLC with a blank-check acquisition company backed by investor Bill Foley. Blackstone shares closed lower for the fifth time in the past ten trading sessions in New […]
Read moreDecember 17, 2020 9:00 am
Southwest Airlines Co (LUV) said on Wednesday that it would take delivery of 35 Boeing 737 MAX jets through the end of next year. Those deliveries will include 16 leased aircraft, Southwest said. The air carrier also noted that the 737 MAX would probably return to revenue service in March. Shares of Southwest Airlines closed […]
Read moreDecember 16, 2020 8:34 am
According to a report by the Nikkei newspaper on Tuesday, Apple Inc (AAPL) intends to produce up to 96 million iPhones during the first six months of 2021, or an annual increase of nearly 30%, due to strong demand for the company’s 5G handsets. Apple shares closed higher for the fifth time in the past […]
Read moreDecember 15, 2020 8:57 am
Exxon Mobil Corp (XOM) announced on Monday plans to reduce its greenhouse gas emissions over a five-year period in an attempt to contribute to the objectives of the Paris Agreement. Exxon Mobil shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest single-session loss since […]
Read moreDecember 14, 2020 9:21 am
According to a report by the Nikkei newspaper, Lockheed Martin Corp (LMT) will participate in a project, led by Mitsubishi Heavy Industries and aimed to develop a new fighter jet. The aircraft will be put to service by the Japanese air force by the mid-2030s. Lockheed Martin shares closed higher for the fourth time in […]
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