February 12, 2020 8:31 am
The US Federal Aviation Administration (FAA) said it still had several issues to resolve before a certification test flight on the Boeing 737 MAX could be conducted. The regulator, however, abstained from specifying when the jet’s flight ban would be lifted. Boeing shares closed lower for the fourth time in the past ten trading sessions […]
Read moreFebruary 11, 2020 10:27 am
General Motors Co (GM) announced on Monday that its manufacturing operations in China would be resumed on February 15th, as local authorities have been trying to contain a coronavirus outbreak that has so far caused the deaths of over 1000 people. General Motors shares closed higher for the sixth time in the past ten trading […]
Read moreFebruary 11, 2020 8:03 am
Bank of America Corp (BAC) Chief Executive Officer Brian Moynihan’s total compensation for 2019 has been left without change at $26.5 million, the Wall Street bank said in a filing with the Securities and Exchange Commission. Bank of America shares closed higher for the sixth time in the past ten trading sessions in New York […]
Read moreFebruary 10, 2020 9:05 am
Closures of Apple Inc’s (AAPL) retail stores in China are expected to be extended because of the coronavirus outbreak, the tech company said. Apple shares closed lower for the fifth time in the past ten trading sessions on NASDAQ on Friday. It has also been the steepest single-session loss since January 31st. The stock went […]
Read moreFebruary 7, 2020 9:48 am
Huawei Technologies Co Ltd was reported to have filed a lawsuit against Verizon Communications Inc (VZ) on allegations 12 of its patents were used by the US company with no authorization. Verizon shares closed higher for a third consecutive trading session in New York on Thursday. The stock went up 0.52% ($0.31) to $59.44, after […]
Read moreFebruary 7, 2020 8:06 am
According to a report by Bloomberg, citing a source familiar with the matter, Goldman Sachs Group Inc (GS) intends to enter Japan’s wealth management business. Goldman Sachs shares closed lower for the fifth time in the past ten trading sessions in New York on Thursday. The stock went down 1.02% ($2.48) to $241.82, after touching […]
Read moreFebruary 6, 2020 10:28 am
GMS Inc (GMS), a leading specialty distributor of interior building products in North America, said earlier this week that it had bought Trowel Trades Supply Inc, a distributor based in Colchester, Vermont. However, financial details of the agreement remained undisclosed. GMS shares closed higher for a second consecutive trading session in New York on Wednesday. […]
Read moreFebruary 6, 2020 8:16 am
eBay Inc (EBAY) has recently faced more pressure from activist shareholder Starboard Value LP to sell eBay Classifieds Group. According to Starboard, current progress is not enough to increase shareholder value. eBay shares closed lower for the fifth time in the past ten trading sessions on NASDAQ on Wednesday. The stock went down 0.76% ($0.28) […]
Read moreFebruary 5, 2020 10:43 am
MoffettNathanson was reported to have upgraded Comcast Corp (CMCSA) to “Buy” from “Neutral”, as the firm said the shares were “too cheap on any reasonable sum-of-the-parts valuation.” MoffettNathanson also raised its 12-month price target on the stock from $49 to $52, suggesting a 17.43% upside from yesterday’s closing price. Comcast shares closed higher for the […]
Read moreFebruary 5, 2020 7:50 am
According to a report by Reuters, citing a company memo, Citigroup Inc (C) has named Peter Crawley as head of its treasury and trade solutions (TTS) team for Britain and Europe, effective April 6th. Citigroup shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been the sharpest […]
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