February 20, 2020 8:07 am
DuPont Inc (DD) said on Tuesday that it had restored Edward Breen as its Chief Executive Officer. Breen, who at present serves as DuPont’s Chairman, is to replace Marc Doyle. DuPont shares closed higher for a second consecutive trading session in New York on Wednesday. The stock edged up 0.11% ($0.06) to $53.50, after touching […]
Read moreFebruary 19, 2020 9:44 am
Walmart Inc (WMT) on Tuesday reported slower-than-anticipated revenue and earnings growth during the fourth quarter due to a shorter holiday season and lower demand for items such as electronics, apparel and toys. The company also projected slower growth in on-line sales for the fiscal year. Walmart shares closed higher for a fifth consecutive trading session […]
Read moreFebruary 18, 2020 10:20 am
According to a report by the Wall Street Journal, Google plans to cut “a small number of employees” at its cloud computing division as part of a reorganization process aiming to enhance operations at a business that has become of greater importance to parent company, Alphabet Inc. Alphabet shares closed higher for the eighth time […]
Read moreFebruary 18, 2020 8:00 am
In an attempt to focus on profitable markets such as North America and China and as part of a prolonged restructuring program, General Motors Company (GM) said it would “wind down” its sales, design and engineering operations in Australia and New Zealand and would suspend its Holden brand in the same geographical area by 2021. […]
Read moreFebruary 17, 2020 9:23 am
International Business Machines Corp (IBM) said last week that it would not participate in the RSA cyber security conference, because of concerns related to coronavirus outbreak. The event is to take place between February 24th and February 28th in San Francisco. IBM shares closed lower for a second consecutive trading session in New York on […]
Read moreFebruary 14, 2020 10:29 am
Alphabet Inc’s Google (GOOG) has finalized its $2.6 billion acquisition of privately held big-data analytics company Looker Data Sciences after Britain’s Competition and Markets Authority approved the deal. Alphabet shares closed lower for the third time in the past ten trading sessions on NASDAQ on Thursday. The stock edged down 0.24% ($3.61) to $1,514.66, after […]
Read moreFebruary 14, 2020 7:49 am
Kohl’s Corp (KSS) said earlier this week that it would lay off 250 workers as part of business restructuring, after holiday season results disappointed. The department store operator’s comparable sales shrank 0.2% year-on-year in November and December. As a result, the company now projects fiscal 2019 earnings per share near the “low end” of the […]
Read moreFebruary 13, 2020 10:29 am
Great Western Bancorp Inc (GWB), the parent company of Great Western Bank, said earlier this week that Mark Borrecco had been appointed as the group’s next President and Chief Executive Officer, effective March 9th 2020. Shares of Great Western Bancorp Inc closed higher for a third consecutive trading session in New York on Wednesday. The […]
Read moreFebruary 13, 2020 8:05 am
CVS Health Corp’s (CVS) fourth-quarter earnings and revenue, reported on Wednesday, topped Wall Street estimates, supported by strength in its pharmacy benefit management and health care benefits businesses. CVS shares closed lower for the fourth time in the past ten trading sessions in New York on Wednesday. The stock edged down 0.14% ($0.10) to $73.75, […]
Read moreFebruary 12, 2020 10:14 am
Home Depot Inc (HD) said on Tuesday that it intended to hire 80 000 full-time and part-time associates this spring, as the company prepares for its busiest season of the year. Home Depot shares closed higher for a second consecutive trading session in New York on Tuesday. The stock went up 0.43% ($1.03) to $241.64, […]
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