September 24, 2018 10:06 am
The largest alternative investment manager worldwide, Blackstone Group LP (BX), said last week that its assets under management could reach $1 trillion by the year 2026. At present, the company oversees $439 billion in assets. Blackstone shares closed higher for a second consecutive trading session in New York on Friday. It has also been the […]
Read moreSeptember 24, 2018 7:30 am
Wells Fargo & Company (WFC) revealed last week plans to reduce its workforce by 5% to 10% in the upcoming three years in relation with a turnaround effort. According to Wells Fargo, the latest job cuts were to reflect displacements and normal team-member attrition. Wells Fargo shares closed lower for the sixth time in the […]
Read moreSeptember 21, 2018 8:40 am
Shares of General Electric Company (GE) retreated the most in two months on Thursday, after the head of the companys power unit disclosed an issue with its latest line of natural gas-fired power turbines. Meanwhile, J.P. Morgan slashed its price target on the stock. General Electric shares closed lower for the fourth time in the […]
Read moreSeptember 21, 2018 7:01 am
According to a ruling by EU antitrust regulators earlier this week, McDonald’s tax deal with Luxembourg did not violate state aid rules in the European Union. McDonald’s shares closed higher for a second consecutive trading session in New York on Thursday. It has also been the sharpest daily surge since August 16th. The stock went […]
Read moreSeptember 20, 2018 8:03 am
According to a statement by European Competition Commissioner Margrethe Vestager on Wednesday, EU antitrust regulators are trying to determine whether they need to act in relation with the use of merchant data by US e-commerce giant Amazon.com Inc (AMZN). Amazon shares closed lower for the fourth time in the past seven trading sessions on NASDAQ […]
Read moreSeptember 19, 2018 10:03 am
Aetna Inc (AET) announced on Tuesday that it had appointed Richard Weiss as its new Market President of Florida. He will be responsible for earnings and losses of the market’s small group, large group, public & labor as well as Medicare businesses. Aetna shares closed higher for a second consecutive trading session in New York […]
Read moreSeptember 19, 2018 7:02 am
Lululemon Athletica Inc (LULU) announced on Tuesday that it had appointed Sun Choe as its new Chief Product Officer. Choe became part of Lululemons team in 2016, assuming the role of Senior Vice President of Global Merchandising. Lululemon shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. It has also been […]
Read moreSeptember 18, 2018 9:43 am
A deadline by October 19th has been set for EU antitrust regulators to rule on the $7.5 billion acquisition of coding website GitHub by Microsoft Corporation (MSFT). A filing on the website of the European Commission revealed yesterday that Microsoft Corp had sought approval of the deal by EU regulatory authorities on September 14th. Microsoft […]
Read moreSeptember 18, 2018 7:20 am
According to a statement by the European Commission on Monday, a deadline by October 19th has been set for EU antitrust regulators to rule on the $71.3 billion bid by Walt Disney for Twenty-First Century Foxs entertainment assets. A filing on the EU competition website showed that Walt Disney had sought approval of the deal […]
Read moreSeptember 17, 2018 8:20 am
Lockheed Martin Corporation (LMT) has been awarded a contract by the US Air Force to manufacture 22 Global Positioning System satellites estimated at about $7.2 billion. The GPS III follow-on satellites will be ready for launch into orbit as early as 2026, the Air Force said. Lockheed Martin shares closed higher for a third consecutive […]
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