September 25, 2020 11:33 am
AMC Entertainment Holdings Inc (AMC) said in a SEC filing that it had reached an agreement with major banks to sell up to 15 million shares in an attempt to raise funds as it burns cash because of the coronavirus crisis. Shares of AMC Entertainment Holdings closed lower for a sixth consecutive trading session in […]
Read moreSeptember 24, 2020 11:30 am
KKR & Co Inc (KKR) will purchase online contact lens retailer 1-800 Contacts from AEA Investors LP, Reuters reported. The deal was valued at more than $3 billion, the same media said, citing a knowledgeable source. Shares of KKR & Co closed lower for the sixth time in the past ten trading sessions in New […]
Read moreSeptember 23, 2020 11:27 am
Unifor union National President Jerry Dias said on Tuesday that Ford Motor Co (F) planned to invest CAD 1.95 billion ($1.46 billion) in its Canadian facilities in Oakville and Windsor as part of an agreement with Canadian autoworkers. According to Dias, the agreement covers a reorganization of the Oakville facility in order to manufacture 5 […]
Read moreSeptember 22, 2020 11:50 am
Microsoft Corp (MSFT) announced on Monday plans to acquire ZeniMax Media in a cash deal valued at $7.5 billion. This is going to be the most formidable gaming acquisition Microsoft has ever made, as the software giant aims to bolster its video game catalogue in its fierce competition with Sony. ZeniMax, which is the parent […]
Read moreSeptember 18, 2020 11:36 am
Ford Motor Co (F) announced on Thursday that it had initiated production of a new generation of its F-150 pickup truck at its factory in Dearborn, Michigan. The vehicle is expected to come to market in November. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on […]
Read moreSeptember 16, 2020 11:20 am
According to a report by Reuters, citing a J.P. Morgan Chase memo, the Wall Street bank intends to add six new members to its operating committee. This would bring the total number of committee members to 18, including 10 men and 8 women. J.P. Morgan Chase shares closed lower for the fifth time in the […]
Read moreSeptember 15, 2020 12:11 pm
In a Monday blog post, Alphabet Inc’s YouTube announced the launch of Shorts, a new short-form video service that will compete with TikTok and Facebook Inc’s Reels. The new product is to allow users to record short mobile-friendly vertical videos and to add special effects and soundtracks from a music library. Alphabet shares closed lower […]
Read moreSeptember 14, 2020 11:33 am
Kroger Company’s (KR) full-year forecasts on comparable sales and earnings, issued last Friday, outstripped Wall Street estimates, since the coronavirus pandemic has prompted consumers to order more from their homes. Kroger Co’s online sales soared 127% year-on-year during the fiscal second quarter ended August 15th, as shoppers have been ordering a variety of items online […]
Read moreSeptember 11, 2020 11:51 am
Tesla Inc managers demonstrated a new charge system in the EUREF campus in Berlin, Germany, on Thursday and announced that the company was exploring more target cities where the new equipment may be introduced. A spokesperson for Tesla said that the US electric car maker was planning to open at least one more inner-city fast […]
Read moreSeptember 10, 2020 8:20 am
According to a report by the Financial Times, citing a source with knowledge of the matter, several J.P. Morgan Chase employees were fired on allegations they had violated the bank’s code of conduct by misusing funds that were meant to aid businesses to overcome the negative effects of the coronavirus pandemic. Those persons fraudulently got […]
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