February 10, 2021 8:11 am
Comtech Telecommunications Corp (CMTL) said on Tuesday that its Mission-Critical Technologies group had been awarded a contract from the US Army worth up to $235.7 million to ensure provision of ongoing system refurbishments, sustainment services and baseband equipment. The agreement is expected to support the sustainment of the Army’s AN/TSC-198 Secret Internet Protocol Router and […]
Read moreFebruary 9, 2021 8:40 am
Morgan Stanley (MS) said on Monday that it had initiated a long position in the Russian Rouble against a 50-50 basket of the US Dollar and the Euro, as it targets a 6% surge in Russia’s currency. Morgan Stanley shares closed higher for a third consecutive trading session in New York on Monday. The stock […]
Read moreFebruary 5, 2021 8:53 am
Ralph Lauren Corp (RL) on Thursday projected a sharper-than-anticipated decrease in its fourth-quarter revenue, as it cited new lockdowns in key markets such as Europe and Japan. The company said that it forecast a mid-to-high single-digit drop in its revenue for the fourth quarter of fiscal 2021, while a consensus of analyst estimates had pointed […]
Read moreFebruary 4, 2021 8:31 am
According to an announcement by the US Department of Labor earlier this week, Alphabet Inc’s Google will seek to settle allegations, that it underpaid female employees and unfairly passed over female and Asian candidates for job openings, by spending $3.8 million. Alphabet shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. […]
Read moreFebruary 3, 2021 9:31 am
Ford Motor Co (F) said earlier this week that it intended to invest $1.05 billion in its manufacturing operations in South Africa. The amount above includes $683 million for technology upgrades and new facilities at Ford’s Silverton-based plant and $365 million for tooling upgrades at major supplier factories. Ford shares closed higher for a second […]
Read moreFebruary 2, 2021 8:51 am
According to a regulatory filing, the annual compensation for Wells Fargo & Co’s Chief Executive Officer Charles Scharf will be almost 12% lower in 2020 compared to a year ago. Scharf’s total compensation for 2020 will decrease to $20.3 million from $23 million in 2019, the filing revealed. Wells Fargo shares closed higher for the […]
Read moreFebruary 1, 2021 8:24 am
Several executives from BlackBerry Ltd (BB) have sold $1.7 million of the company’s stock during the early days of January’s considerable share price surge, according to regulatory filings. The three executives have sold their stock holdings on January 20th at price levels within the range of $12.63 to $13.01, or almost double the stock’s price […]
Read moreJanuary 28, 2021 9:05 am
According to a report by broadcaster ITV earlier this week, Amazon.com Inc has stopped selling wines, beers and spirits in Northern Ireland and intends to de-list more items as a result of new Brexit customs rules. According to ITV, Amazon will now have to pay excise duty twice on alcohol shipments, sent from the British […]
Read moreJanuary 27, 2021 10:34 am
Twitter Inc (TWTR) announced on Tuesday the acquisition of Revue, an email newsletter startup. However, the financial terms of the agreement remained undisclosed. Following the acquisition, Revue is to operate as a standalone service, while it plans to hire for essential roles in areas such as engineering, design, data science and research. Twitter shares closed […]
Read moreJanuary 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 […]
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