July 26, 2019 9:38 am
Citigroup Inc (C) said on Thursday that Curt Engler had been appointed as head of its equities execution services for the Asia Pacific region. Currently, Engler occupies a senior executive position at J.P. Morgan Asset Management in New York, which he joined in 2010. Citigroup shares closed lower for the fifth time in the past […]
Read moreJuly 26, 2019 6:49 am
American Airlines Group Inc said yesterday that the Boeing 737 MAX global grounding could reduce its 2019 pretax profit by nearly $400 million. The air carrier has taken its 24 737 MAX aircraft off its flight schedule until early November, which resulted in approximately 115 cancellations per day. American Airlines shares closed lower for the […]
Read moreJuly 25, 2019 9:24 am
AT&T Incs second-quarter earnings, reported on Wednesday, came in line with Wall Street estimates, while revenue topped expectations. On the other hand, the US wireless carrier lost more premium TV subscribers during the past quarter compared with the prior three-month period, since consumers sought cheaper streaming services such as Netflix Inc. AT&T shares closed higher […]
Read moreJuly 25, 2019 7:10 am
Verizon Communications Inc (VZ) said earlier this week that it would co-develop and lease to purchase a new campus for its Verizon Media unit. The new hub is to be established from the ground up at the Coleman Highline campus in San Jose, California. Verizon shares closed higher for the fourth time in the past […]
Read moreJuly 24, 2019 8:50 am
Coca-Cola Companys (KO) quarterly results, reported on Tuesday, topped Wall Street estimates, supported by sales of its namesake soda brand. Coca-Cola shares closed higher for the seventh time in the past twelve trading sessions in New York on Tuesday. It has also been the sharpest daily surge since February 12th 2009. The stock went up […]
Read moreJuly 24, 2019 6:25 am
According to a report by the Wall Street Journal earlier this week, citing sources with knowledge of the matter, Apple Inc (AAPL) is in advanced talks to acquire Intel Corp’s (INTC) smart phone modem chip business. The same media also said that a potential deal, estimated at at least $1 billion, could be struck during […]
Read moreJuly 23, 2019 9:06 am
The Lion King, Walt Disney’s remake of its 1994 animated classic, earned an estimated $185 million during its opening weekend in the United States and set a new record for an opening in July. The movie generated additional earnings of $269 million across the globe, which brought its total earnings to $531 million worldwide, according […]
Read moreJuly 23, 2019 6:51 am
Ford Motor Co said last week that it planned to lay off about 200 workers at its manufacturing facility in Oakville, Ontario, Canada in September. The auto maker also said that more layoffs were possible in January 2019. The latest layoffs were attributed to sluggish sales of the Lincoln MKT and Ford Flex, as both […]
Read moreJuly 22, 2019 8:16 am
PepsiCo Inc (PEP) said on Friday that it had agreed to acquire Pioneer Food Group of South Africa in a deal valued at $1.7 billion. According to PepsiCo, Pioneer Food Group’s portfolio is complementary to its own and is expected to help the company expand in sub-Saharan Africa through the addition of manufacturing and distribution […]
Read moreJuly 19, 2019 9:21 am
International Business Machines second-quarter earnings outstripped Wall Street estimates, driven by strength in the tech giants high-margin cloud business. IBM shares closed higher for the sixth time in the past ten trading sessions in New York on Thursday. It has also been the sharpest daily surge since January 23rd. The stock went up 4.59% ($6.56) […]
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