July 3, 2019 7:04 am
According to a report by the Wall Street Journal, citing sources with knowledge of the matter, Nike Inc (NKE) is to pull sneakers that feature an early American flag, after Colin Kaepernick, former NFL football player, contacted the company saying it was inappropriate to sell a shoe considered offensive by him and others. Nike shares […]
Read moreJuly 2, 2019 9:34 am
Applied Materials Inc (AMAT) said on Monday that it had agreed to acquire all outstanding shares of Kokusai Electric Corporation from global investment firm KKR in a cash deal estimated at $2.2 billion. Kokusai is a leading provider of high-productivity batch processing systems and services for memory, foundry and logic clients. The acquisition is expected […]
Read moreJuly 2, 2019 7:17 am
According to a report by Bloomberg, citing sources with knowledge of the matter, The Blackstone Group LP (BX) is nearing a sale of a portfolio of Spanish mortgages to CarVal Investors for approximately EUR 950 million. The sources also said that CarVal’s offer was higher than the bids placed by Elliott Management and Goldman Sachs. […]
Read moreJuly 1, 2019 8:09 am
According to a statement by Tesla Inc on Friday, a single battery module was the cause of fire eruption in a parked Model S vehicle in Shanghai on April 21st. The auto maker also said its vehicle settings had been revised, so that batteries could be further protected. Tesla shares closed higher for a second […]
Read moreJune 28, 2019 9:50 am
International Business Machines (IBM) $34 billion acquisition of software firm Red Hat has reportedly received unconditional approval by EU antitrust regulators on Thursday. IBM shares closed flat at $138.52 in New York on Thursday. The stock registered an intraday low at $137.95, which has been a price level not seen since June 19th ($136.24). Shares […]
Read moreJune 28, 2019 7:13 am
Ford Motor Company (F) said earlier this week that it intended to cut about 12 000 job positions in Europe by the end of 2020, as the US company seeks to make its business in the region profitable again. Ford shares closed higher for a second consecutive trading session in New York on Thursday. It […]
Read moreJune 27, 2019 9:44 am
Boeing Co (BA) is to tie-up with flying car startup Kitty Hawk in relation with the development of a semi-autonomous flying vehicle, The Verge reported on Wednesday. Kitty Hawk, which is backed by Alphabets Chief Executive Officer Larry Page, is to cooperate with Boeing on the two-seat Cora flying vehicle, which could in time be […]
Read moreJune 27, 2019 7:18 am
Three managers have been reassigned in the Federal Aviation Administrations office, which oversees Southwest Airlines Company (LUV), Reuters reported by citing a person familiar with the matter. According to an earlier report by the Wall Street Journal, citing knowledgeable sources, the reassignments were also “prompted by allegations that managers retaliated against whistleblowers.” Shares of Southwest […]
Read moreJune 26, 2019 9:24 am
At a press conference earlier this week, Apple officials announced that the tech company planned to create 2 000 new jobs in Seattle over the upcoming five years in connection with a national expansion effort. Last year, the tech giant said it intended to boost its workforce in Seattle to more than 1 000 people […]
Read moreJune 26, 2019 7:13 am
Shares of Brighthouse Financial Inc (BHF) registered their largest single-session loss in over a year on Tuesday, after at least two brokerages downgraded the companys stock, since cuts in interest rates may probably reduce distributable earnings. Brighthouse Financial shares closed lower for the fifth time in the past nine trading sessions on NASDAQ on Tuesday. […]
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