May 12, 2020 9:06 am
According to data by the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold 64% fewer Shanghai-made Model 3 sedans in China in April from a month ago, or 3,635 vehicles. A total of 10,160 Model 3 sedans were sold in March compared with sales of 3,900 vehicles in February, the industry body said. Tesla […]
Read moreMay 12, 2020 7:10 am
A regulatory filing by Southwest Airlines Co (LUV) from last week showed that the air carrier intended to sell and lease back 20 jets for gross proceeds of nearly $815 million. The move comes at a time when cash saving is essential for airlines. The company said that the money raised would be used for […]
Read moreMay 11, 2020 7:55 am
Microsoft Corp (MSFT) said last week that it would establish its first data center region in Italy, as it expects to invest $1.5 billion in the project. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Friday. The stock went up 0.59% ($1.08) to $184.68, after touching an intraday high at […]
Read moreMay 8, 2020 9:20 am
Moderna Inc (MRNA) said earlier this week that the Food and Drug Administration had cleared its coronavirus vaccine for phase 2 trial. The company expects to initiate phase 2 trials with 600 participants soon, while also finalizing plans for a phase 3 trial this summer. Moderna shares closed higher for the fourth time in the […]
Read moreMay 8, 2020 7:30 am
United Airlines said earlier this week that it planned to initiate a private offering of two series of notes – senior secured notes due 2023 and senior secured notes due 2025, for an aggregate principal amount of $2.25 billion. United Air shares closed lower for a sixth consecutive trading session on NASDAQ on Thursday. The […]
Read moreMay 7, 2020 9:38 am
CVS Health Corp’s (CVS) first-quarter revenue, reported on Wednesday, topped Wall Street estimates, supported by a 9% surge in same-store sales, as consumers rushed in to get prescriptions, cleaning supplies and other essential items during the COVID-19 pandemic. CVS shares closed lower for the fifth time in the past ten trading sessions in New York […]
Read moreMay 7, 2020 7:01 am
LGI Homes Inc (LGIH) reported earlier this week 605 home closings in April, which compares with 612 closings in the same month a year ago. LGI Homes shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. It has also been the sharpest single-session gain since April 29th. The stock went up […]
Read moreMay 6, 2020 8:46 am
Microsoft Corp (MSFT) said on Tuesday that it intended to open a data center in Poland to provide cloud services to businesses and government institutions. It plans to invest as much as $1 billion in the project. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up […]
Read moreMay 5, 2020 9:07 am
Mark Barnett has been promoted to president of Mastercard Inc’s (MA) European business and will take responsibility for its strategy and operations across 53 countries. He is to succeed Javier Perez, who retires at the end of 2020. Mastercard shares closed higher for the fifth time in the past ten trading sessions in New York […]
Read moreMay 5, 2020 6:40 am
According to a report by Reuters, citing a Citigroup Inc memo sent to staff, the Wall Street bank has appointed Kaleem Rizvi as head of its corporate banking business in the Asia Pacific area, effective May 1st. Citigroup shares closed lower for a third consecutive trading session in New York on Monday. The stock went […]
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