February 12, 2019 10:29 am
J.P. Morgan raised on Monday its price target on Boeing Co (BA) from $425 to $450, as it highlighted an improved free cash flow outlook. At the same time, the bank reiterated its “Overweight” rating on the plane makers stock. Boeing shares closed lower for a third consecutive trading session in New York on Monday. […]
Read moreFebruary 12, 2019 8:15 am
Yesterday Bernstein downgraded NVIDIA Corporation (NVDA) from “Outperform” to “Market Perform”, citing severe challenges to growth for the technological company and prospects of continuously rising “headline risk”. Bernstein has assigned a price target of $175 on the stock. NVIDIA shares closed lower for the fourth time in the past fourteen trading sessions on NASDAQ on […]
Read moreFebruary 11, 2019 10:44 am
Sanaz Zaimi has been appointed as head of Bank of America Merrill Lynch’s new EU broker-dealer unit, BofA Securities Europe, based in Paris, the Wall Street bank said on Friday. The announcement comes at a time, when major banks seek to continue providing services to customers in Europe after Britain parts ways with the European […]
Read moreFebruary 11, 2019 8:11 am
According to a statement by Boeing Co on Friday, the KC-46A aerial refueling tanker program for the US Air Force brought reach-forward losses of $2.31 billion for the plane maker over 2016, 2017 and 2018. Boeing also said the total pre-tax cost of the program reached $3.6 billion. Boeing shares closed lower for a second […]
Read moreFebruary 8, 2019 10:34 am
Foot Locker Inc (FL) said on Thursday that it intended to make a $100 million strategic minority investment via its subsidiary in 1661, Inc. (doing business as GOAT), a marketplace for authentic sneakers that operates the GOAT and Flight Club brands (the so called “GOAT Group”). The investment is to help GOAT Group accelerate its […]
Read moreFebruary 8, 2019 8:17 am
According to a statement by BB&T Corporation (BBT) on Thursday, it intends to acquire SunTrust Banks Inc in an all-stock deal valued at $28.24 billion, which as a result, would create the sixth largest bank in the United States in terms of assets and deposits. The deal is expected to be finalized during the fourth […]
Read moreFebruary 7, 2019 9:06 am
General Motors Companys (GM) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates due to strong sales of high-margin pickup trucks and crossovers in the United States coupled with cost-reduction efforts. The auto maker also kept its full-year 2019 profit forecast unchanged. General Motors shares closed higher for a third consecutive trading session in New […]
Read moreFebruary 6, 2019 11:10 am
Boeing Co (BA) announced on Tuesday a “significant investment” in Aerion, a supersonic business jet developer, amid rising demand for high-end aircraft. Financial details of the agreement, however, were not disclosed. Boeing shares closed higher for a third consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge since […]
Read moreFebruary 6, 2019 8:18 am
Apple Inc (AAPL) announced on Tuesday that it had reached an agreement with French authorities to pay an undisclosed amount of back-dated tax. According to a number of reports by the French media, the amount agreed upon is around EUR 500 million. Apple shares closed higher for a fifth consecutive trading session on NASDAQ on […]
Read moreFebruary 5, 2019 10:13 am
According to a report by Reuters on Monday, Tesla Inc (TSLA) intends to acquire Maxwell Technologies Inc in an all-stock deal valued at $218 million, as the US electric car maker seeks to enhance its battery technology. Teslas proposal gives each Maxwell share a value of $4.75. Maxwells board has already approved the deal, which […]
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