July 14, 2018 9:33 am
Citigroup Incs (C) second-quarter earnings outstripped market expectations, supported by a stronger performance in consumer banking in Mexico, North America and Asia. Results were also influenced by the lower income tax rate and higher demand for loans amid growing US economy. Citigroup shares closed lower for the third time in the past seven trading sessions […]
Read moreJuly 13, 2018 9:18 am
Two key energy deals, evaluated at a total of $5.8 billion, were announced earlier this week in Bangladesh, with General Electric Company (GE) participating in both. General Electric shares closed flat at $13.99 in New York on Thursday. The stock registered an intraday high at $14.14 and an intraday low at $13.93. Shares of General […]
Read moreJuly 13, 2018 7:06 am
Canaccord Genuity was reported to have raised its price target on Amazon from $1 800 to $2 000, citing strong fundamentals. The new price target would bolster Amazons market value to $970.5 billion. Amazon shares closed higher for a sixth consecutive trading session on NASDAQ on Thursday. It has also been the sharpest daily surge […]
Read moreJuly 12, 2018 7:56 am
According to an announcement by Pfizer Inc (PFE) on Wednesday, the company is to be split into three units – Innovative Medicines, Established Medicines and Consumer Healthcare. At present, Pfizer is organized in two units – Innovative Medicines, which also encompasses the companys consumer business, and Essential Health. The reorganization is to come into effect […]
Read moreJuly 11, 2018 11:29 am
Visa Inc (V) said on Tuesday that it had launched Visa Loyalty Solutions in Latin America and the Caribbean. It represents an omnichannel digital points redemption platform accessible to all issuing banks in the region and also offers users a multitude of redemption options. Visa shares closed higher for a fourth consecutive trading session in […]
Read moreJuly 11, 2018 7:43 am
AT&T Inc (T) said on Tuesday it intends to buy privately held firm AlienVault, which is headquartered in San Mateo, California. AT&T did not reveal the terms of the agreement, but hinted it would probably not have a material effect on financial results. AT&T shares closed higher for the fourth time in the past six […]
Read moreJuly 10, 2018 10:28 am
According to a report by Reuters, citing an internal memo by Citigroup, the US bank is bolstering its operations in Paris ahead of Britains exit from the European Union. Citigroup shares closed higher for a third consecutive trading session in New York on Monday. It has also been the sharpest daily surge since May 8th. […]
Read moreJuly 10, 2018 7:38 am
According to a Monday report by the auto website Electrek, Tesla Inc has lifted prices of its Model S and Model X vehicles in China by more than $20 000. This way the electric car maker becomes one of the first US companies within the auto industry to make such a decision amid strained trade […]
Read moreJuly 9, 2018 10:01 am
According to a Friday report by the Washington Post, over 1 million user accounts per day were suspended by Twitter Inc (TWTR) during the past several months, with a total of over 70 million accounts suspended in May and June only, as the social media company has been trying to reduce false content on its […]
Read moreJuly 9, 2018 8:42 am
Exxon Mobil Corporation (XOM) said on Friday that it had halted construction on the Angore gas pipeline in Papua New Guinea’s highlands in late June, as its building sites suffered damages during the civil unrest in the region. The oil major, however, did not specify when the work process would be resumed. Exxon Mobil shares […]
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