September 16, 2018 11:45 am
In a statement at an industry conference on Friday, John Shrewsberry, Wells Fargo & Companys (WFC) Chief Financial Officer, said that the groups total expenditures were expected to be reduced by almost $3 billion by the year 2020. Wells Fargo shares closed lower for a fourth consecutive trading session in New York on Friday. The […]
Read moreSeptember 15, 2018 8:51 am
According to an announcement by United Parcel Service Inc (UPS) on Thursday, the company expects its adjusted earnings per share to increase between $1.00 and $1.20 by 2022 as a result of automation and expansion efforts. The entire capital spending project, involving facility automation and expansion, is estimated at $20 billion. United Parcel shares closed […]
Read moreSeptember 14, 2018 8:15 am
According to a statement by the National Highway Traffic Safety Administration, over 1 million sport-utility vehicles and pickup trucks are to be recalled by General Motors Company (GM) in the United States because of an issue related to a temporary loss of power steering. General Motors shares closed higher for a second consecutive trading session […]
Read moreSeptember 13, 2018 9:54 am
FedEx Corporation (FDX) announced on Wednesday that it intended to hire 55 000 temporary workers for the holiday shopping season. That means about 10% more temporary workers compared to 2017, when the package delivery company added approximately 50 000 seasonal jobs. FedEx also said it would raise hours for some of its existing workers for […]
Read moreSeptember 13, 2018 7:39 am
According to an announcement by Macy’s Inc (M) on Wednesday, 80 000 temporary workers will be hired to handle extra client traffic during the busy holiday shopping season, which begins a day after Thanksgiving and goes on into early January. In 2017, the exact number of temporary workers had been hired initially, after which the […]
Read moreSeptember 12, 2018 9:25 am
Boeing Company (BA) announced on Tuesday it now expected purchases of 7 690 new aircraft for about $1.2 trillion by the Chinese airlines over the period to 2037, as air carriers seek to respond to rising consumer and business demand for air travel. The new estimate represents an upward revision from a prior forecast, which […]
Read moreSeptember 12, 2018 7:14 am
J.P. Morgan Chase & Co (JPM) unveiled on Tuesday restructuring plans, involving the establishment of Wealth Management business operation in Luxembourg in order to improve capabilities in divisions such as Treasury Services and Custody & Fund Services. J.P. Morgan Chase shares closed higher for the third time in the past ten trading sessions in New […]
Read moreSeptember 11, 2018 10:20 am
Citigroup reportedly revised up its price target on Amazon.com Inc (AMZN) to $2 250 from $2 100 previously, as the bank pointed out that Amazon Prime subscribers could reach 275 million by the year 2029, while the e-commerce giant could generate over $500 billion in annual Prime-related gross sales. As of the end of 2017, […]
Read moreSeptember 11, 2018 7:38 am
According to a report by DigiTimes on Monday, citing industry sources, Intel Corp intends to outsource part of its production of 14nm chipsets to Taiwan Semiconductor Manufacturing Company (TSMC), as it faces tight in-house process production capacity. Intel shares closed lower for a fifth consecutive trading session on NASDAQ on Monday. The stock went down […]
Read moreSeptember 10, 2018 8:54 am
Ford Motor Company (F) said on Friday that its total vehicle sales in China had registered a 36% annual drop in August to 62 683 units. At the same time, the companys year-to-date sales in the country shrank 27% compared to the same period of 2017 to 520 788 vehicles. Ford shares closed lower for […]
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