October 8, 2018 9:37 am
According to a report by Reuters on Friday, citing a Citi note to clients, the group is to establish a new British bank with a headquarters in London for its UK consumer business after Britain parts ways with the European Union. Citigroup shares closed lower for the seventh time in the past eleven trading sessions […]
Read moreOctober 8, 2018 6:04 am
Ford Motor Company (F) announced last week that it planned an unspecified number of job cuts as part of a wider effort aimed at achieving cost reduction and efficiency improvement. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Friday. The stock went down 0.33% ($0.03) […]
Read moreOctober 6, 2018 11:13 am
According to a report by Bloomberg, citing sources with knowledge of the matter, Wells Fargo & Company (WFC) is planning its first post-crisis bond offering linked to home loans in the United States without government backing. Wells Fargo shares closed lower for the ninth time in the past eleven trading sessions in New York on […]
Read moreOctober 5, 2018 10:22 am
According to a report by Reuters on Thursday, Amazon.com Inc has been accused by Ebay Inc of making attempts to poach sellers for its own platform by using Ebay’s internal messaging system. In response, Amazon said that it was investigating the allegations thoroughly. Amazon shares closed lower for a third consecutive trading session on NASDAQ […]
Read moreOctober 5, 2018 7:49 am
AT&T Inc (T) announced on Thursday that it had named 99 new markets where 5G Evolution technology would be introduced. This way 5G Evolution will cover a total of 239 markets, AT&T said. AT&T shares closed higher for the seventh time in the past eleven trading sessions in New York on Thursday. The stock went […]
Read moreOctober 4, 2018 9:30 am
According to a regulatory filing by Goldman Sachs Group, the investment bank has increased its stake in Spanish supermarket chain DIA from 14.5% to 15.8%. The document emerged several days after DIA’s main shareholder said its own stake had been raised near the legal threshold, which allows for a full takeover bid. Goldman Sachs shares […]
Read moreOctober 4, 2018 7:19 am
According to an announcement by Kroger Company (KR) on Tuesday, the grocer intends to team up with Walgreens Boots Alliance Inc, as it explores new ways to lure more customers to its stores amid fierce competition from on-line retailer Amazon.com Inc. The partnership will enable Kroger’s clients to place an order on-line and then pick […]
Read moreOctober 3, 2018 8:34 am
Tesla Inc (TSLA) fell short of its weekly production objective for its Model 3, a report on Tuesday showed. The electric car maker also said it had to cope with a 40% import tariff in China as a result of trade friction between the United States and the Asian country. Tesla shares closed lower for […]
Read moreOctober 2, 2018 9:38 am
Pfizer Inc (PFE) announced on Monday that it had appointed Albert Bourla, its current Chief Operating Officer, as the new Chief Executive Officer. Bourla will replace Ian Read, who assumed the CEO role in December 2010. Pfizer shares closed higher for a third consecutive trading session in New York on Monday. The stock went up […]
Read moreOctober 2, 2018 7:53 am
According to a report by Bloomberg on Monday, citing sources with knowledge of the matter, Netflix Inc is to let viewers select how a particular movie or a TV episode will end, as the streaming company makes deeper inroads into Interactive TV. Netflix shares closed higher for the fourth time in the past nine trading […]
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