July 11, 2019 9:20 am
American Airlines Group Inc (AAL) said yesterday that it expected the grounding of Boeings 737 MAX aircraft to reduce earnings by almost $185 million in the second quarter, since thousands of flights had to be canceled. American Airlines shares closed higher for the seventh time in the past eleven trading sessions on NASDAQ on Wednesday. […]
Read moreJuly 11, 2019 6:41 am
According to a report by Bloomberg earlier this week, citing an internal email by Tesla Inc, the auto maker is in preparations to ramp up production at its facility in Fremont, California. Tesla shares closed higher for the fifth time in the past eleven trading sessions on NASDAQ on Wednesday. The stock went up 3.85% […]
Read moreJuly 10, 2019 9:38 am
PepsiCo Inc’s second-quarter revenue and earnings, reported on Tuesday, exceeded Wall Street estimates, supported by robust demand for the companys sodas, Lays chips and sparkling waters. PepsiCo shares closed lower for a third consecutive trading session on NASDAQ on Tuesday. It has also been the steepest daily loss since July 5th. The stock went down […]
Read moreJuly 10, 2019 7:06 am
J.P. Morgan on Tuesday revised up its 12-month price target on Apple Inc (AAPL) from $233 to $239, as research by analyst Samik Chatterjee suggested a stronger iPhone replacement cycle in 2020 than previously anticipated. The firm also maintained an “Overweight” rating on the stock. Apple shares closed higher for the fifth time in the […]
Read moreJuly 9, 2019 9:32 am
GTT Communications Inc (GTT) said on Monday that it had agreed to acquire Netherlands-based KPN International, a division of KPN N.V., in a cash deal estimated at EUR 50 million. The acquisition is expected to be finalized during the third quarter of 2019, subject to approvals from regulatory authorities. KPN International operates a global IP […]
Read moreJuly 9, 2019 7:01 am
As of the end of the July 4th holiday weekend and after being in the cinemas for 73 days, “Avengers: Endgame” has generated $2.772 billion in worldwide earnings, according to a report by CNBC. That is only $15 million short of the record $2.787 billion in theatrical box office earnings, generated by “Avatar” since it […]
Read moreJuly 8, 2019 8:19 am
Netflix Inc could see its subscriber base shrinking substantially, in case it adds advertising to its streaming service. Such a conclusion was based on results from a survey of 1 765 TV customers in the United States aged between 16 and 74, who watch at least one hour of television every week and have broadband […]
Read moreJuly 5, 2019 9:53 am
Tech giant IBM and shopping mall owner Scentre Group are to tie-up with Australia’s top three banks to test blockchain technology, aimed at digitizing bank guarantees, Reuters reported earlier this week. According to a statement by Australia and New Zealand Banking Group, Westpac Banking Corp and Commonwealth Bank of Australia, the partnership will seek to […]
Read moreJuly 5, 2019 7:30 am
UKs Competition and Markets Authority (CMA) announced earlier this week that it had embarked on an investigation into Google and Facebook, since the regulator seeks to determine if on-line platforms cause harm to consumers and competition in the country’s digital advertising market. Facebook shares closed higher for a second consecutive trading session on NASDAQ on […]
Read moreJuly 4, 2019 9:28 am
Amazon.com Inc (AMZN) revealed on Wednesday plans to create more than 2 000 permanent contract job positions in Britain, its largest European market, by the end of 2019. The expansion is expected to bring the total number of Amazons permanent staff in the country to more than 29 500. Amazon shares closed higher for a […]
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