March 17, 2021 10:15 am
Microsoft Corp (MSFT) said on Tuesday that glitches causing problematic access to some services, including Teams and Outlook.com, had been fixed after an update roll back. In a tweet, the tech giant had said that the access issues were associated with a “recent change to an authentication system.” Microsoft shares closed higher for the fourth […]
Read moreMarch 17, 2021 8:30 am
Deliveroo said earlier this week that it aimed to sell nearly GBP 1 billion ($1.4 billion) of new shares in its upcoming initial public offering (IPO). The British company also said that the listing would include the sale of shares by some existing shareholders as well, which could potentially push the size of the deal […]
Read moreMarch 16, 2021 8:42 am
According to a report by Reuters, citing an internal memo sent to Boeing Co’s (BA) employees, the plane maker has appointed veteran engineer Ed Clark to head its 737 MAX jetliner program. Clark, who served as chief mechanic and engineer for the company’s cash cow narrowbody program, will head Boeing’s manufacturing hub at Renton, Washington. […]
Read moreMarch 12, 2021 11:39 pm
Last week, I shared how NASDAQ was sitting at support and primed for a rally. Nasdaq (ticker: NDX) finished the week 2% higher almost recovering all of the losses in March. NASDAQ price analysis Beginning February 16, 2021, NDX has been contained within this downward sloping price channel. Earlier this week, NDX popped above the […]
Read moreMarch 12, 2021 8:02 am
General Electric Co (GE) said earlier this week that it forecast full-year free cash flow of between $2.5 billion to $4.5 billion and full-year adjusted earnings within the range of $0.15 to $0.25 per share. GE actually reiterated the guidance it had provided in January. The company expects to generate higher cash flow in 2021 […]
Read moreMarch 11, 2021 8:36 am
Campbell Soup Co said on Wednesday that it forecast a drop in its full-year 2021 sales, as the roll-out of COVID-19 vaccines will probably prompt customers to return to restaurants while diminishing their reliance on ready-to-eat soups and snacks. Campbell Soup said it now expected a drop of between 2.5% and 3.5% in its fiscal […]
Read moreMarch 10, 2021 10:26 am
Irish firm AerCap Holdings NV on Tuesday acknowledged that it was conducting negotiations with General Electric Co (GE) to buy its aircraft-leasing business, known as GE Capital Aviation Services. A report by Reuters earlier this week, citing sources with knowledge of the matter, stated that AerCap and General Electric were in talks aiming to establish […]
Read moreMarch 10, 2021 8:28 am
According to a report by Bloomberg News earlier this week, Tesla Inc (TSLA) intends to build a mega battery that could power about 20,000 households during the peak summer season and which will be connected to the Texas grid. Gambit Energy Storage LLC, which is registered as a subsidiary of Tesla Inc, has embarked on […]
Read moreMarch 9, 2021 8:32 am
According to a recent report by Bloomberg News, Goldman Sachs Group Inc (GS) could generate nearly $100 million in earnings from February’s winter storm, which left many households across Texas and some other southern states without electricity, heat and clean water. The media also said that Goldman’s earnings from the physical sale of power and […]
Read moreMarch 5, 2021 8:28 am
Britain’s Competition and Markets Authority (CMA) said on Thursday that it had launched a probe into Apple Inc (AAPL) following allegations the tech giant’s terms and conditions for app developers are anti-competitive and unfair. The investigation aims to determine whether Apple has a monopoly over app distribution on its devices in the United Kingdom, the […]
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