January 4, 2019 8:21 am
The European Commission announced on Thursday that it had cleared Coca-Cola Companys GBP 3.9 billion acquisition of Costa Coffee from Whitbread Plc. Coca-Cola shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 0.62% ($0.29) to $46.64, after touching an intraday low at $46.55, or a price […]
Read moreJanuary 3, 2019 8:26 am
Tesla Inc (TSLA) announced on Wednesday that it had manufactured and delivered at a daily rate of almost 1 000 vehicles during the fourth quarter. Teslas quarterly production totaled at 86 555 vehicles, or an 8% growth over the third quarter. The company managed to produce 61 394 Model 3 vehicles in Q4, in unison […]
Read moreJanuary 2, 2019 11:38 am
According to a report by Reuters earlier this week, citing a person with knowledge of the matter, media finance veteran Spencer Neumann has been poached by Netflix Inc from Activision Blizzard to be appointed as the streaming media companys next Chief Financial Officer. Netflix shares closed higher for a fourth consecutive trading session on NASDAQ […]
Read moreJanuary 2, 2019 8:32 am
According to a report by the Wall Street Journal over the past weekend, citing people with knowledge of the matter, Amazon.com Inc (AMZN) intends to expand its portfolio of Whole Foods stores in order to place a larger number of clients within its two-hour delivery service range. Amazon shares closed higher for a second consecutive […]
Read moreDecember 31, 2018 8:45 am
According to a statement by the Hong Kong Monetary Authority (HKMA) last week, the regulator has imposed a fine of HKD 12.5 million (or $1.596 million) on the Hong Kong branch of J.P. Morgan Chase & Co (JPM) for violating anti-money laundering and counter-terrorist financing rules. J.P. Morgan Chase shares closed lower for the eighth […]
Read moreDecember 30, 2018 1:55 pm
During the past week Citi Research revised down its first-quarter production forecasts for Apple Inc’s (AAPL) iPhone models, with projection for the priciest iPhone XS Max being almost halved due to weak demand. Apple shares closed higher for the third time in the past ten trading sessions on NASDAQ on Friday. The stock inched up […]
Read moreDecember 28, 2018 10:12 am
According to a report by Reuters on Thursday, Visa Inc (V) plans to acquire Earthport Plc, a British company that services international transactions for banks and business organizations, for as much as GBP 198 million (or $250.29 million). Visa Incs unit, Visa International Service Association, has proposed 30 pence per Earthport share, the same media […]
Read moreDecember 27, 2018 9:40 am
According to a statement by Israels Finance Committee earlier this week, it has approved a 700 million shekel (or about $186 million) grant for Intel Corporation (INTC) in relation with the tech giants planned expansion of production operations in the Middle Eastern country. Intel shares closed higher for the sixth time in the past twelve […]
Read moreDecember 25, 2018 12:23 pm
Tesla Inc has reduced prices of particular Model 3 vehicles in China by up to 7.6%. The auto maker said that the starting price for a Model 3 in the worlds largest auto market was now CNY 499 000 (or approximately $72,327). Tesla shares closed lower for the sixth time in the past eight trading […]
Read moreDecember 24, 2018 9:48 am
According to a report by Reuters, citing a message sent to Goldman Sachs employees on Friday, the group’s Chief Executive David Solomon spoke in defense against criticism regarding Goldman’s compliance and oversight associated with operations with Malaysia’s 1MDB sovereign wealth fund. Goldman Sachs shares closed lower for a third consecutive trading session in New York […]
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