March 18, 2020 8:33 am
Pfizer Inc (PFE) and BioNTech SE said on Tuesday that they had agreed to a letter of intent in relation with the co-development and distribution of a potential mRNA-based coronavirus vaccine against the COVID-19 illness. A Material Transfer and Collaboration Agreement has been executed by the two companies, which means they are able to begin […]
Read moreMarch 17, 2020 10:15 am
Nike Inc (NKE) said during the weekend that it would shut down stores in the United States and elsewhere, joining global retailers such as Lululemon Athletica Inc, Under Armour Inc, Urban Outfitters Inc and others in a move aimed to restrain the spread of the highly contagious COVID-19 respiratory illness. Nike shares closed lower for […]
Read moreMarch 17, 2020 7:55 am
Lockheed Martin Corp (LMT) announced on Monday that its Chief Executive Officer Marillyn Hewson would retire. Hewson joined Lockheed in 1983 and was appointed as CEO in January 2013. Lockheed Martin shares closed lower for the seventh time in the past ten trading sessions in New York on Monday. The stock went down 12.41% ($40.79) […]
Read moreMarch 16, 2020 9:06 am
Ford Motor Co (F) said last week that most of its white-collar staff would work from home, starting March 16th, as a measure against the spread of the coronavirus. In an email to staff, Ford’s Chief Executive James Hackett said that most of the company’s international white-collar workforce outside China would now work remotely. Ford […]
Read moreMarch 13, 2020 10:35 am
Starbucks Corp (SBUX) said earlier this week that US baristas, who had had exposure to the coronavirus, would be offered “catastrophe pay”. Starbucks shares closed lower for a second consecutive trading session on NASDAQ on Thursday. It has also been the steepest single-session loss in over a year. The stock went down 9.08% ($6.20) to […]
Read moreMarch 13, 2020 8:15 am
United Parcel Service Inc (UPS) said on Thursday that Carol Tomé had been appointed as its next Chief Executive Officer, effective June 1st. Tomé will replace David Abney, who presently is also Chairman of the Board. United Parcel shares closed lower for a second consecutive trading session in New York on Thursday. The stock went […]
Read moreMarch 12, 2020 11:34 am
Urban Outfitters Inc (URBN) on Wednesday updated on business trends prior to its management’s participation at the BofA Securities Consumer & Retail Technology Conference 2020. Urban Outfitters shares closed lower for the eighth time in the past ten trading sessions on NASDAQ on Wednesday. The stock went down 7.37% ($1.26) to $15.82, after touching an […]
Read moreMarch 12, 2020 8:10 am
Citigroup Inc (C) announced on Wednesday that Loretta Ko had been appointed as head of its financial institutions group for Hong Kong. Citigroup shares closed lower for the seventh time in the past ten trading sessions in New York on Wednesday. The stock went down 8.64% ($4.80) to $50.78, after touching an intraday low at […]
Read moreMarch 11, 2020 10:10 am
An employee at Apple Inc’s European headquarters in Ireland has been infected with COVID-19, the tech giant said. The employee is now in self-isolation, the company said. Apple shares closed higher for the fourth time in the past ten trading sessions on NASDAQ on Tuesday. It has also been the sharpest single-session gain since March […]
Read moreMarch 11, 2020 8:04 am
RBC has revised down its 12-month price target on Qualcomm Incorporated (QCOM) to $81 from $92, as the firm highlighted disruptions to supply chain due to the coronavirus outbreak. At the same time, RBC maintained its “Sector Perform” rating on the stock. The shares of Qualcomm Incorporated closed higher for the fourth time in the […]
Read more