April 1, 2019 7:40 am
According to a report by Reuters last week, citing a memorandum by Southwest Airlines Co, the company intends to keep its Boeing 737 MAX aircraft off flight schedules through May, thus, extending a previous timeline from April 20th. Boeing Co has grounded its best-selling jet, the 737 MAX, following two deadly incidents in the past […]
Read moreMarch 29, 2019 10:47 am
According to Michael Quiello, United Continental Holdings Inc’s Vice President of Corporate Safety, the US air carrier is “optimistic” about Boeing Cos software update for 737 MAX aircraft. United Air shares closed higher for a second consecutive trading session on NASDAQ on Thursday. The stock edged up 0.09% ($0.07) to $78.60, after touching an intraday […]
Read moreMarch 29, 2019 8:11 am
A record fine of GBP 34.3 million has been imposed on Goldman Sachs International by Britain’s Financial Conduct Authority, as the US investment bank failed to ensure accurate reporting of transactions over a ten-year period, the regulator said on Thursday. Goldman Sachs shares closed higher for the tenth time in the past fifteen trading sessions […]
Read moreMarch 28, 2019 9:11 am
Ford Motor Company (F) said on Wednesday that its joint venture with Sollers in Russia planned to shut down two assembly factories and one engine plant in the country, while the US manufacturer would exit local passenger vehicle market. Plant closures will result in “significant” job losses, Ford said, but however, no details were provided. […]
Read moreMarch 27, 2019 10:36 am
At the Calcalist business conference in Tel Aviv on Tuesday, Nvidia Corp’s Chief Executive Officer Jensen Huang said that the company did not plan to make more acquisitions for the present moment following the purchase of Israeli chip maker Mellanox Technologies. NVIDIA shares closed higher for the fourth time in the past nine trading sessions […]
Read moreMarch 27, 2019 8:11 am
Yesterday Japans Securities and Exchange Surveillance Commission (SESC) announced that a fine of $1.2 million had been recommended against the British unit of Citigroup Inc (C) for manipulating prices of 10-year Japanese government bond futures. Citigroup shares closed higher for the eighth time in the past thirteen trading sessions in New York on Tuesday. It […]
Read moreMarch 26, 2019 10:07 am
In a Monday note to clients, RBC Capital Markets stated that Tesla Incs first-quarter results, expected to be reported next month, would probably be affected by lackluster demand and overseas Model 3 delivery issues. The brokerage firm has assigned an ”Underperform” rating on Tesla Inc (TSLA) and has revised down its 12-month price target on […]
Read moreMarch 26, 2019 8:49 am
Yesterday the EU antitrust regulator imposed a fine of 12.5 million euros on Nike Inc (NKE), as it found that the company had prevented many of its licensees from selling soccer merchandise of some of the most renowned European clubs in a different country. Nike shares closed higher for the fifth time in the past […]
Read moreMarch 25, 2019 8:38 am
In a Friday note to clients, Cowen analyst Jeffrey Osborne said that he expected soft US demand for Tesla Inc’s Model 3 sedan until the electric car maker releases the lower-priced $35 000 model during the upcoming quarter. The firm has assigned an ”Underperform” rating on Tesla Inc (TSLA) and has slashed its price target […]
Read moreMarch 25, 2019 8:23 am
Last week it was confirmed by General Motors that the auto maker would invest as much as $300 million in its assembly plant in Orion Township, Michigan to manufacture a new Chevrolet electric vehicle. This will result in the creation of 400 new jobs, the company said. General Motors shares closed lower for the fourth […]
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