October 23, 2018 9:40 am
Nomura Instinet was reported to have revised up its rating on Intel Corporation (INTC) to “Buy” from “Neutral” on Monday, as it said Intel might be the only company in the semiconductor segment that would raise estimates in October and November. At the same time, the firm maintained its price target on the stock at […]
Read moreOctober 23, 2018 7:42 am
According to a Monday report by Reuters, citing an internal memo sent to Goldman Sachs staff, Todd Leland has been appointed as head of the financial groups investment banking unit in the Asia Pacific region excluding Japan. Goldman Sachs shares closed lower for the second time in the past seven trading sessions in New York […]
Read moreOctober 22, 2018 9:52 am
J.P. Morgan Chase & Co (JPM) announced on Friday that it planned to open a new “fintech campus” in Silicon Valley where it would employ over 1 000 people. The majority of them will be employed with J.P. Morgan’s Chase Merchant Services division, which is the second-largest processor of card transactions for merchants in the […]
Read moreOctober 22, 2018 7:36 am
Last week, Tesla Inc revealed a new version of its Model 3 vehicle on its website, priced at $45 000. The rear-wheel-drive sedan will be equipped with a ”mid range” battery, sufficient for a 260-mile distance. In comparison, the more expensive Model 3 version has a long-range battery capable of covering a 310-mile distance. Tesla […]
Read moreOctober 19, 2018 10:04 am
FedEx Corporation (FDX) said on Thursday that it intended to purchase Manton Air-Sea Pty Ltd, which provides a range of logistics services, including freight forwarding and customs brokerage solutions. Having its headquarters based in Sydney, Manton will become a subsidiary of the FedEx Trade Networks operating company. FedEx shares closed lower for a second consecutive […]
Read moreOctober 19, 2018 7:10 am
Blackstones quarterly earnings, reported on Thursday, outstripped Wall Street estimates, as the asset managers holdings were bolstered by rising equity markets. Blackstone shares closed lower for the first time in the past five trading sessions in New York on Thursday. It has also been the steepest daily loss since October 10th. The stock went down […]
Read moreOctober 18, 2018 8:10 am
US wireless carrier Sprint Corp (S) said on Wednesday that it had sold Pinsight Media, a mobile data and advertising firm which it established in 2012, to InMobi. The financial terms of the all-stock deal, however, remained undisclosed. Sprint shares closed higher for a second consecutive trading session in New York on Wednesday. The stock […]
Read moreOctober 17, 2018 9:20 am
Morgan Stanleys (MS) quarterly earnings, reported on Tuesday, outstripped Wall Street estimates, supported by strong revenue growth in the lenders equity trading and equity underwriting businesses. Morgan Stanley shares closed higher for a second consecutive trading session in New York on Tuesday. It has also been the sharpest daily surge since November 9th 2016. The […]
Read moreOctober 17, 2018 7:11 am
According to an announcement by Wells Fargo & Company (WFC) on Tuesday, the bank has applied for an investment firm license in France, a move in line with its Brexit plan. Wells Fargo shares closed higher for a third consecutive trading session in New York on Tuesday. The stock went up 0.92% ($0.49) to $53.73, […]
Read moreOctober 16, 2018 9:25 am
Bank of America Corps (BAC) quarterly earnings, reported on Monday, topped Wall Street estimates, supported by strong growth in loans as well as in net interest income. The US lender also benefited from lower operating expenses. Bank of America shares closed lower for the fifth time in the past nine trading sessions in New York […]
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