November 27, 2020 9:03 am
Walt Disney Co (DIS) said in a filing that it intended to dismiss 32,000 employees, mostly at its theme parks business, with effect during the first half of fiscal 2021. In September, the company had announced plans to lay off 28,000 workers. Walt Disney shares closed lower for the fifth time in the past ten […]
Read moreNovember 26, 2020 8:45 am
According to a report by Reuters, citing a document submitted to the Shanghai authorities by Tesla Inc (TSLA), the US company intends to begin producing electric vehicle chargers in China in 2021. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. The stock went up 3.35% ($18.62) to $574.00. The […]
Read moreNovember 25, 2020 9:00 am
A stock trading hub will be launched in Paris by Goldman Sachs Group Inc (GS), the bank said on Tuesday, as it seeks to avoid disruption to clients after Britain fully parts ways with the European Union on December 31st. Goldman Sachs shares closed higher for a second consecutive trading session in New York on […]
Read moreNovember 24, 2020 9:09 am
General Motors Company (GM) will have to recall 5.9 million trucks and SUVs equipped with Takata air bag inflators, after its petition to avoid the callback has been rejected by the US National Highway Traffic Safety Administration. General Motors shares closed higher for a fourth consecutive trading session in New York on Monday. It has […]
Read moreNovember 23, 2020 8:50 am
Nike Inc (NKE) said on Friday that its quarterly dividend would be increased by 12%, or $0.03 per share, following another 11% raise in 2019. The company will pay a cash dividend of $0.275 per share on its outstanding class A and class B stock on December 29th. Nike shares closed higher for a second […]
Read moreNovember 20, 2020 9:03 am
United Airlines (UAL) said in a Thursday filing that there had been an uptick in flight cancellations and a drop in bookings during the week ended November 18th, because of a recent surge in new coronavirus infections in the United States. United Air shares closed lower for the sixth time in the past ten trading […]
Read moreNovember 19, 2020 8:52 am
American Airlines Group (AAL) announced on Wednesday plans to return Boeing Co’s 737 MAX to commercial flights by the end of the year, following an approval from the US Federal Aviation Administration to fly the aircraft again. The air carrier said it intended to resume non-commercial flights in early December, after which passenger flights would […]
Read moreNovember 18, 2020 11:14 am
Pfizer Inc (PFE) said that it had launched a pilot delivery program for its experimental COVID-19 vaccine in 4 US states, while the company attempts to deal with distribution challenges related with the vaccine’s frigid storage requirements. The vaccine, which has proven to be more than 90% effective against the COVID-19 disease based on preliminary […]
Read moreNovember 17, 2020 11:20 am
Home Depot Inc (HD) said on Monday that it had agreed to acquire HD Supply Holdings Inc for nearly $8 billion, as the home improvement chain seeks to expand its construction and maintenance goods business. The company said it intended to offer $56 per share in cash to shareholders of HD Supply. Home Depot shares […]
Read moreNovember 16, 2020 8:32 am
General Motors Co (GM) said last Friday that it would recall 68,677 electric vehicles across the globe due to a risk of fire, after five cases of fires have already been reported. The recall is to affect Chevrolet Bolt electric vehicles, produced between 2017 and 2019, which are equipped with high voltage batteries made at […]
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