February 27, 2020 10:48 am
Alphabet Inc’s Google plans to invest at least $10 billion in data centers and offices across the United States by the end of 2020, while focusing on 11 states, the tech company said. Alphabet shares closed higher for the fourth time in the past ten trading sessions on NASDAQ on Wednesday. The stock edged up […]
Read moreFebruary 27, 2020 8:41 am
Salesforce.com Inc (CRM) said earlier this week that Keith Block had stepped down as co-Chief Executive Officer. As a result, Marc Benioff, who established the business software company in 1999, will remain sole CEO and will continue serving as Chairman. Salesforce shares closed lower for a fourth consecutive trading session in New York on Wednesday. […]
Read moreFebruary 26, 2020 10:48 am
Needham revised down its quarterly earnings and full-year revenue forecasts for Apple Inc (AAPL), citing an impact from the Wuhan-originated coronavirus on the tech giant’s supply chain. The firm maintained a “Buy” rating and a 12-month price target of $350 on the stock. Apple shares closed lower for a fourth consecutive trading session on NASDAQ […]
Read moreFebruary 26, 2020 8:31 am
ANA Holdings Inc said it had ordered 15 additional 787 Dreamliners from Boeing Co (BA) valued at $5 billion at list prices. This is the first commercial order, which Boeing announced this year, as it took no orders in January. Boeing shares closed lower for an eighth consecutive trading session in New York on Tuesday. […]
Read moreFebruary 25, 2020 10:02 am
Mastercard Inc (MA) intends to recruit 1 500 additional staff in Dublin over the upcoming 3 to 5 years, Reuters reported. According to IDA Ireland state agency, as a result of the move, Mastercard’s headcount will increase to over 2 000 from the current 650. Mastercard shares closed lower for a third consecutive trading session […]
Read moreFebruary 25, 2020 8:09 am
PepsiCo Inc (PEP) said that it would acquire China’s Be & Cheery snack brand from domestic jujube maker Haoxiangni Health Food Co Ltd in a deal valued about $705 million. PepsiCo shares closed lower for the fourth time in the past ten trading sessions on NASDAQ on Monday. It has also been the steepest single-session […]
Read moreFebruary 24, 2020 8:50 am
Boeing Co (BA) has discovered debris in the fuel tanks of nearly 35 undelivered 737 MAX planes amid ongoing inspections. According to a report by Reuters, citing a source with knowledge of the matter, debris have been found in nearly 50% of the undelivered 737 MAX jets inspected so far. Boeing shares closed lower for […]
Read moreFebruary 21, 2020 11:04 am
Domino’s Pizza Inc’s (DPZ) US comparable sales, reported on Thursday, topped Wall Street estimates for the first time in at least a year, as the pizza chain has been opening new stores, introducing new menu items and has begun offering faster deliveries to attract customers. Domino’s Pizza shares closed higher for a seventh consecutive trading […]
Read moreFebruary 21, 2020 8:39 am
Morgan Stanley (MS) announced on Thursday that it would acquire E*Trade Financial Corp in an all-stock deal valued nearly $13 billion, as it seeks to boost its wealth management division. The deal is expected to be finalized in Q4 of 2020. Morgan Stanley shares closed lower for the fourth time in the past ten trading […]
Read moreFebruary 20, 2020 11:01 am
According to a report by Reuters, citing a Thai government official, General Motors Co (GM) is to lay off nearly 1 500 employees in Thailand starting this June. Earlier this week, the US auto maker announced that its two production facilities in the eastern industrial province of Rayong would be sold to China’s Great Wall […]
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