May 17, 2019 10:10 am
Goldman Sachs Group Inc (GS) said on Thursday it had agreed to acquire United Capital Financial Partners Inc in an all-cash deal valued at $750 million. The purchase is to expand the Wall Street banks wealth management business, which encompasses Private Wealth Management and Ayco, and supervises almost $500 billion of clients assets. The acquisition […]
Read moreMay 17, 2019 6:56 am
Walmart Inc (WMT) on Thursday reported a slower-than-anticipated revenue growth during the first quarter as e-commerce sales growth decelerated, while same-store sales registered their largest annual growth in nine years. On the other hand, the company warned that higher tariffs on Chinese imports would result in higher prices for the end-consumer. Last week the Trump […]
Read moreMay 16, 2019 9:43 am
According to a report by Reuters, 270 000 Ford Fusion vehicles are being recalled by Ford Motor Company (F) in North America, as the cars could roll away. The auto maker said it was aware of three reports of property damage and one report of injury, which may be associated with the issue. Ford shares […]
Read moreMay 16, 2019 7:17 am
As a measure against hate speech and other abuses of its live streaming service, Facebook Inc (FB) announced on Wednesday that it would implement a “one strike” policy, under which users breaching its rules would be prevented from using Facebook Live. The social media company said that the user restrictions would be extended “to other […]
Read moreMay 15, 2019 8:47 am
Shares of Coca-Cola Company (KO) rebounded on Tuesday, after Morgan Stanley revised up its rating on the stock from “Equal Weight” to “Overweight”. The firm also raised its 12-month price target from $52 to $55 per share. The beverage giant is now Morgan Stanleys top mega-cap staples stock pick, according to a report by TheStreet. […]
Read moreMay 14, 2019 9:27 am
Exxon Mobil Corp (XOM) said on Monday that it had finished expanding its specialty elastomers production facility in Newport, Wales. As a result, the sites production capacity has been doubled, while Exxons global production capacity of Santoprene thermoplastic elastomers has been bolstered by 25%. Exxon Mobil shares closed lower for a third consecutive trading session […]
Read moreMay 14, 2019 7:14 am
Qualcomm Incorporated (QCOM) said on Monday that it had signed a global patent license arrangement with HMD Global Oy to cover branded single-mode and multimode devices, produced and marketed by HMD Global under the Nokia brand. The shares of Qualcomm Incorporated closed lower for the fifth time in the past nine trading sessions on NASDAQ […]
Read moreMay 13, 2019 9:38 am
Last week Citigroup Inc (C) announced that Susan Kendall, who currently serves as head of investor relations, had been appointed as Chief Financial Officer of its Global Consumer Bank division. Citigroup shares closed higher for the sixth time in the past eleven trading sessions in New York on Friday. The stock went up 0.40% ($0.27) […]
Read moreMay 13, 2019 7:22 am
According to a report by Reuters, citing a source, Goldman Sachs Group Inc (GS) is moving closer to a deal to acquire United Capital Financial Partners Inc, a boutique wealth management company. Goldman Sachs shares closed higher for a second consecutive trading session in New York on Friday. The stock edged up 0.21% ($0.42) to […]
Read moreMay 10, 2019 9:56 am
According to a report by the United Arab Emirates’ news agency, WAM, the countrys General Civil Aviation Authority cannot say with certainty when the ban on Boeings globally grounded 737 MAX aircraft will be lifted. Boeing shares closed lower for the eighth time in the past twelve trading sessions in New York on Thursday. The […]
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