June 10, 2019 8:02 am
Walmart Inc said last week that it would relaunch a service, which offers the delivery of groceries straight to customers’ refrigerators, as the retailer explores new ways of offering less costly and fast delivery of on-line orders. Starting in the fall, the service will be provided to more than 1 million clients at locations such […]
Read moreJune 7, 2019 9:21 am
Ford Motor Company (F) intends to shut down its engine facility located in Bridgend, south Wales, by September 2020, which would place 1 700 job positions at risk, a British trade union said in a statement on Thursday. Ford’s contract to supply Jaguar Land Rover also ends in September 2020, Reuters reported. Ford shares closed […]
Read moreJune 7, 2019 7:18 am
Goldman Sachs earlier this week upgraded United Continental Holdings Inc (UAL) from “Neutral” to “Buy”, as it cited a possible share price rebound during the second half of 2019. The firm maintained its 12-month price target on the stock at $108 per share. United Air shares closed higher for a fourth consecutive trading session on […]
Read moreJune 6, 2019 9:17 am
At a news conference in Montreal earlier this week, General Motors Company (GM) revealed a new partnership with French tire manufacturer Michelin, focused on developing a radical new type of wheel, which is to replace the conventional pneumatic tires. General Motors shares closed higher for a third consecutive trading session in New York on Wednesday. […]
Read moreJune 6, 2019 7:30 am
According to regulatory filings by American Airlines Group (AAL), the air carriers top six executives earlier this week purchased as many as 85 000 shares of the company’s common stock worth nearly $2.4 million. American Airlines shares closed higher for a second consecutive trading session on NASDAQ on Wednesday. The stock went up 4.26% ($1.24) […]
Read moreJune 5, 2019 9:39 am
CVS Health Corp (CVS) intends to expand health services such as blood pressure screenings and nutrition counseling to 1 500 stores by the end of 2021, the company said on Tuesday. CVS shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge since […]
Read moreJune 5, 2019 7:04 am
Earlier this week Loop Capital Markets raised its rating on Netflix Inc (NFLX) from “Hold” to “Buy”, since the digital media company has achieved a tremendous lead in subscription video streaming. Loop Capital Markets has also assigned a 12-month price target of $425 on the stock. Netflix shares closed higher for the sixth time in […]
Read moreJune 4, 2019 10:00 am
The US Commodity Futures Trading Commission (CFTC) is in “very early stages of conversations” with Facebook Inc (FB), as the regulator seeks to determine if the social media companys plans for a digital currency would fall under CFTCs scope, the Financial Times reported, citing the head of the CFTC Christopher Giancarlo. Facebook shares closed lower […]
Read moreJune 4, 2019 6:42 am
According to a Monday report by the Wall Street Journal, citing sources with knowledge of the matter, Goldman Sachs Group Inc’s merchant banking division intends to acquire Capital Vision Services LP in a deal estimated at $2.7 billion with the inclusion of debt. Goldman Sachs shares closed higher for the third time in the past […]
Read moreJune 3, 2019 8:06 am
Shares of Nucor Corp plunged to lows not seen in 135 weeks on Friday after Bank of America Merrill Lynch double downgraded the stock from ”Buy” to ”Underperform”, as it cited lower short-term steel prices, especially for products such as sheet and rebar. The brokerage also revised down its 12-month price target on the stock […]
Read more