December 7, 2018 9:57 am
Kroger Companys (KR) quarterly comparable sales, reported on Thursday, fell short of Wall Street estimates, influenced by disruptions resulting from store remodeling as the company has sought to provide more shelf space for best-selling items. Shares of Kroger Company closed higher for the sixth time in the past eleven trading sessions in New York on […]
Read moreDecember 6, 2018 1:52 pm
According to an official WeChat post by the Shanghai government on Wednesday, Tesla Incs facility in China is set to begin production during the second half of 2019. Tesla shares closed higher for a third consecutive trading session on NASDAQ on Tuesday. The stock went up 0.34% ($1.21) to $359.70, after touching an intraday high […]
Read moreDecember 6, 2018 8:25 am
AT&T said on Tuesday that it was cooperating with Samsung to launch a standards-based 5G smart phone during the first half of 2019. A day later the company said that another 5G device from Samsung would be launched next year, possibly during the second half. This new device will be able to access both 5G […]
Read moreDecember 5, 2018 10:25 am
J.P. Morgan Private Bank announced on Tuesday that it had recently hired several new advisors, as it seeks to expand its reach to ultra-high net worth customers in several European markets of high significance to the company. J.P. Morgan Chase shares closed lower for the fifth time in the past eleven trading sessions in New […]
Read moreDecember 5, 2018 8:34 am
Western Union Company (WU) said on Tuesday that it had finalized the relocation of its global headquarters from Englewood to a new, highly-visible location in Denver, Colorado. The company also revealed plans to make a long-term investment of over $300 million to the local community over the upcoming ten years. Western Union shares closed lower […]
Read moreDecember 4, 2018 10:15 am
Bank of America Corp announced on Monday that it had finalized the relocation of its banking and markets operations in Europe from London to a new headquarters in Dublin. The bank also said that all regulatory and court approvals required had been received. Bank of America shares closed higher for a second consecutive trading session […]
Read moreDecember 4, 2018 8:04 am
According to a joint statement by Verizon Communications Inc (VZ) and Samsung Electronics Co Ltd on Monday, the two companies intend to launch 5G smart phones in the United States during the first half of 2019. Verizon shares closed lower for the sixth time in the past thirteen trading sessions in New York on Monday. […]
Read moreDecember 3, 2018 10:16 am
Deutsche Bank was reported to have revised down its price target on General Electric Company (GE) to $7 from $11 previously, as it noted that revenue from GEs burdened power unit “remains flattish but does not continue to decline.” Even in the banks bear case, however, it does “not forsee a liquidity crisis” for GE. […]
Read moreDecember 3, 2018 7:34 am
Microsoft Corp once again became the most valuable US company, while overtaking Apple Inc for the first time in eight years on Friday, as the iPhone maker was pressured by investor concerns over demand for it devices while the maker of Windows and Xbox drew benefits from cloud computing growth. Microsoft shares closed higher for […]
Read moreNovember 30, 2018 10:40 am
Fiat Chrysler said on Thursday that it intended to spend over EUR 5 billion on new vehicle models and engines in Italy between 2019 and 2021, as the company seeks to fill under-utilized factories, to preserve jobs as well as to increase operating margins in European markets. A large part of that amount will be […]
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