January 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 […]
Read moreDecember 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. […]
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