November 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 […]
Read moreNovember 13, 2020 9:07 am
Boeing Co (BA) on Thursday revised up its 20-year forecast for China’s aircraft demand, even as the pandemic may obstruct global jet deliveries over the upcoming several years. Boeing shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 2.98% ($5.43) to $176.72, after touching an intraday […]
Read moreNovember 12, 2020 8:34 am
Blackstone Group LP (BX) said earlier this week that it had acquired a majority stake in China Greater Bay Area’s largest urban logistics park from R&F Group in a deal valued $1.1 billion, while bolstering its logistics portfolio in the Asian country by almost one-third. Blackstone Real Estate’s opportunistic funds will buy a 70% stake […]
Read moreNovember 11, 2020 10:38 am
American Airlines Group Inc (AAL) on Tuesday announced a proposed underwritten public offering of 38.5 million shares of its common stock in an attempt to improve its liquidity amid weak air travel demand due to the COVID-19 crisis. The net proceeds from the offering are to be used for general corporate purposes, the air carrier […]
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