March 16, 2020 9:06 am
Ford Motor Co (F) said last week that most of its white-collar staff would work from home, starting March 16th, as a measure against the spread of the coronavirus. In an email to staff, Ford’s Chief Executive James Hackett said that most of the company’s international white-collar workforce outside China would now work remotely. Ford […]
Read moreMarch 13, 2020 10:35 am
Starbucks Corp (SBUX) said earlier this week that US baristas, who had had exposure to the coronavirus, would be offered “catastrophe pay”. Starbucks shares closed lower for a second consecutive trading session on NASDAQ on Thursday. It has also been the steepest single-session loss in over a year. The stock went down 9.08% ($6.20) to […]
Read moreMarch 13, 2020 8:15 am
United Parcel Service Inc (UPS) said on Thursday that Carol Tomé had been appointed as its next Chief Executive Officer, effective June 1st. Tomé will replace David Abney, who presently is also Chairman of the Board. United Parcel shares closed lower for a second consecutive trading session in New York on Thursday. The stock went […]
Read moreMarch 12, 2020 11:34 am
Urban Outfitters Inc (URBN) on Wednesday updated on business trends prior to its management’s participation at the BofA Securities Consumer & Retail Technology Conference 2020. Urban Outfitters shares closed lower for the eighth time in the past ten trading sessions on NASDAQ on Wednesday. The stock went down 7.37% ($1.26) to $15.82, after touching an […]
Read moreMarch 12, 2020 8:10 am
Citigroup Inc (C) announced on Wednesday that Loretta Ko had been appointed as head of its financial institutions group for Hong Kong. Citigroup shares closed lower for the seventh time in the past ten trading sessions in New York on Wednesday. The stock went down 8.64% ($4.80) to $50.78, after touching an intraday low at […]
Read moreMarch 11, 2020 10:10 am
An employee at Apple Inc’s European headquarters in Ireland has been infected with COVID-19, the tech giant said. The employee is now in self-isolation, the company said. Apple shares closed higher for the fourth time in the past ten trading sessions on NASDAQ on Tuesday. It has also been the sharpest single-session gain since March […]
Read moreMarch 11, 2020 8:04 am
RBC has revised down its 12-month price target on Qualcomm Incorporated (QCOM) to $81 from $92, as the firm highlighted disruptions to supply chain due to the coronavirus outbreak. At the same time, RBC maintained its “Sector Perform” rating on the stock. The shares of Qualcomm Incorporated closed higher for the fourth time in the […]
Read moreMarch 10, 2020 10:09 am
Apple Inc’s (AAPL) sales of mobile devices in China dropped below half a million units in February, as demand for such items was hurt by the coronavirus outbreak. Apple’s branded stores in the country remained closed for at least two weeks during the past month. Apple shares closed lower for a third consecutive trading session […]
Read moreMarch 10, 2020 8:07 am
According to a report by Reuters, citing a person with knowledge of the matter, Citigroup Inc (C) plans to split its trading personnel in Buffalo, New York, in order to ensure smooth operation of its trading desks amid spreading coronavirus across the state. The Wall Street bank intends to keep no more than 60% of […]
Read moreMarch 9, 2020 9:02 am
According to a report by Reuters, citing sources with knowledge of the matter, Morgan Stanley (MS) plans to relocate some of its sales and trading personnel from London to a secondary site in proximity to Heathrow airport, as it seeks to ensure smooth operation of its trading desks amid the coronavirus outbreak. Morgan Stanley shares […]
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