February 5, 2019 8:27 am
According to a statement by Goldman Sachs Group Inc (GS) on Monday, the bank will participate in a $20 million fund-raising campaign for financial technology startup Bud. Among other investors in the latest fund-raising round are Australia and New Zealand Banking Group, Banco Sabadell of Spain as well as Investec of South Africa. Goldman Sachs […]
Read moreFebruary 4, 2019 10:11 am
Chevron Corp’s fourth-quarter profit, reported on Friday, outstripped Wall Street estimates, supported by higher oil prices and production growth. Chevron said that oil and gas production had increased 12.5% year-on-year during the past quarter, with net output rising to 3.08 million barrels per day. At the same time, prices paid for crude oil went up […]
Read moreFebruary 4, 2019 8:00 am
On February 1st Tesla Inc began taking orders for a cheaper version of its Model 3 vehicle in China in an attempt to accelerate sales in the world’s largest auto market. Tesla shares closed higher for the fifth time in the past ten trading sessions on NASDAQ on Friday. The stock went up 1.69% ($5.19) […]
Read moreFebruary 1, 2019 11:55 am
General Electric Companys (GE) fourth-quarter sales and cash flow, reported on Thursday, outstripped Wall Street estimates, with earnings rising in the companys aviation, health care and oil-and-gas businesses. On the other hand, GE Power and GE Capital registered a loss. The company also reached a tentative deal to settle a subprime mortgage case with US […]
Read moreFebruary 1, 2019 8:25 am
According to a report by Reuters, Alphabet Incs Google has been ordered by the French Competition Authority to review some of its advertising methods, since the latter had affected companies such as Amadeus France, an entity that runs a directory service in the country. The regulators decision follows a fine of EUR 50 million, imposed […]
Read moreJanuary 31, 2019 10:09 am
According to a report by Reuters, citing an announcement by Danske Bank, BlackRock Inc (BLK), the largest asset manager worldwide, has reduced its stake in Denmark’s largest bank, which is under investigation over money laundering. BlackRock shares closed higher for a second consecutive trading session in New York on Wednesday. The stock edged up 0.17% […]
Read moreJanuary 31, 2019 8:19 am
Boeing Cos (BA) fourth-quarter earnings, reported on Wednesday, outstripped Wall Street estimates, supported by strong demand for air travel. Results also underpinned the companys forecast for full-year commercial aircraft deliveries. Boeing shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest daily surge since December […]
Read moreJanuary 30, 2019 10:49 am
Verizon Communications Incs (VZ) fourth-quarter revenue, reported on Tuesday, fell short of Wall Street estimates, despite that new subscriber growth far exceeded market consensus. Verizon shares closed lower for a fourth consecutive trading session in New York on Tuesday. It has also been the steepest daily loss since December 24th. The stock went down 3.25% […]
Read moreJanuary 30, 2019 8:32 am
According to a statement by Israel’s Finance Minister Moshe Kahlon on Tuesday, Intel Corporation (INTC) is to receive a $1 billion state grant for its most recent investment plan that envisages expansion of chip manufacturing operations in the Middle Eastern country. Earlier this week, the tech giant informed the Israeli Finance Minister that it planned […]
Read moreJanuary 29, 2019 9:13 am
Caterpillar Incs (CAT) fourth-quarter earnings and full-year 2019 earnings forecast fell short of Wall Street estimates on Monday as a slowdown in the companys construction business in China weighed on results. Caterpillar shares closed lower for the sixth time in the past eleven trading sessions in New York on Monday. It has also been the […]
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