August 20, 2020 11:22 am
General Electric Company (GE) said on Wednesday that two new power deals had been signed with Iraq’s Ministry of Electricity. GE Gas Power has inked a $500 million agreement aimed to “undertake critical upgrade, maintenance and service of several power plants that will improve efficiency and help maintain over 6,000 MW of electricity.” Meanwhile, GE […]
Read moreAugust 19, 2020 11:23 am
Home Depot Inc’s (HD) comparable sales, reported on Tuesday, rose at the sharpest rate in at least two decades during the second quarter, supported by strong demand for home improvement supplies as consumers remained at home because of the coronavirus pandemic. Home Depot shares closed lower for the third time in the past ten trading […]
Read moreAugust 18, 2020 11:18 am
According to an announcement by Boeing Co (BA) on Monday, company employees will be offered a voluntary layoff package with pay and benefits for the second time in 2020 amid reduced global demand for air travel due to the coronavirus pandemic. The package is to be offered to persons employed in Boeing’s commercial airplanes and […]
Read moreAugust 13, 2020 11:21 am
Chevron Corp (CVX) said on Wednesday that it intended to invest in Zap Energy Inc, a nuclear fusion start-up company. However, the oil giant did not disclose the size of its investment. This way Chevron followed the example of Italy’s ENI and Norway’s Equinor, which have also supported nuclear fusion start-ups in an attempt to […]
Read moreAugust 7, 2020 11:48 am
According to an announcement by a Facebook representative on Thursday, company employees will be allowed to work from their homes until July 2021 because of the COVID-19 pandemic. With this decision the social media giant followed an example by other large tech companies such as Google, which has allowed its staff to work remotely until […]
Read moreJuly 31, 2020 11:27 am
Eli Lilly and Co’s (LLY) second-quarter earnings, reported on Thursday, topped Wall Street estimates, supported by sound demand for its Trulicity diabetes drug. The company also revised up its full-year adjusted earnings forecast. Eli Lilly shares closed lower for a second consecutive trading session in New York on Thursday. It has also been the steepest […]
Read moreJuly 28, 2020 11:24 am
Tesla Inc (TSLA) is looking to hire China-based designers and nearly 1,000 factory workers in Shanghai, as the US company ramps up vehicle production in the country. The job openings were posted on Tesla human resources department’s official WeChat account. The auto maker also intends to hire 600 workers for its stamping, bodywork, painting and […]
Read moreJuly 24, 2020 11:30 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that it would reopen its US movie theaters in August. AMC had intended to reopen movie theaters in July, weeks prior to the release of Walt Disney’s “Mulan” and Warner Bros. Entertainment Inc’s “Tenet.” However, with “Tenet” now postponed for a third time, the largest US exhibitor […]
Read moreJune 23, 2020 2:43 pm
Shares in T-Mobile dropped 1.50% in premarket Tuesday after SoftBank decided to sell its stock in the mobile telecommunication company. On Tuesday, the Japanese tech company announced its intention to sell more than 198 million shares in T-Mobile. The shares that SoftBank plans to shed roughly amount to $21 billion. The offering is part of […]
Read moreJune 23, 2020 12:49 pm
Shares in Bayer AG surged 1.6% in Tuesday trading following the news of the court denying California the request for Bayer to label its weed killer, Roundup, with a cancer warning. The German pharmaceutical company is close to reaching a settlement that amounts to $8-$10 billion in a lawsuit over Bayer’s glyphosate-based weed killer. After […]
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