February 2, 2021 8:51 am
According to a regulatory filing, the annual compensation for Wells Fargo & Co’s Chief Executive Officer Charles Scharf will be almost 12% lower in 2020 compared to a year ago. Scharf’s total compensation for 2020 will decrease to $20.3 million from $23 million in 2019, the filing revealed. Wells Fargo shares closed higher for the […]
Read moreFebruary 1, 2021 8:24 am
Several executives from BlackBerry Ltd (BB) have sold $1.7 million of the company’s stock during the early days of January’s considerable share price surge, according to regulatory filings. The three executives have sold their stock holdings on January 20th at price levels within the range of $12.63 to $13.01, or almost double the stock’s price […]
Read moreJanuary 28, 2021 9:05 am
According to a report by broadcaster ITV earlier this week, Amazon.com Inc has stopped selling wines, beers and spirits in Northern Ireland and intends to de-list more items as a result of new Brexit customs rules. According to ITV, Amazon will now have to pay excise duty twice on alcohol shipments, sent from the British […]
Read moreJanuary 27, 2021 10:34 am
Twitter Inc (TWTR) announced on Tuesday the acquisition of Revue, an email newsletter startup. However, the financial terms of the agreement remained undisclosed. Following the acquisition, Revue is to operate as a standalone service, while it plans to hire for essential roles in areas such as engineering, design, data science and research. Twitter shares closed […]
Read moreJanuary 27, 2021 8:45 am
General Electric Co’s fourth-quarter free cash flow, reported on Tuesday, topped Wall Street estimates, while the company set a target for that essential performance measure at $2.5 billion to $4.5 billion for the full-year 2021, citing better operational management. General Electric shares closed higher for the fifth time in the past ten trading sessions in […]
Read moreJanuary 26, 2021 8:47 am
Google workers from all over the globe were reported to have formed a union alliance. The news came weeks after over 200 employees at Google and other Alphabet Inc units established a labor union for offices in Canada and the United States. Alphabet shares closed lower for the fifth time in the past ten trading […]
Read moreJanuary 22, 2021 8:30 am
BlackRock Inc (BLK) intends to introduce bitcoin futures as an eligible investment to two of its funds – BlackRock Strategic Income Opportunities and BlackRock Global Allocation Fund Inc, a regulatory filing showed. BlackRock shares closed higher for a third consecutive trading session in New York on Thursday. The stock inched up 0.09% ($0.66) to $742.20, […]
Read moreJanuary 21, 2021 8:37 am
Walt Disney Co’s (DIS) top executives received no performance-based bonuses during the past fiscal year, the company said earlier this week, as it seeks to cushion the impact of the pandemic. Walt Disney shares closed higher for a second consecutive trading session in New York on Wednesday. It has also been the sharpest single-session gain […]
Read moreJanuary 20, 2021 10:37 am
General Motors Co (GM) and Cruise, in which the auto maker holds a majority stake, announced on Tuesday a partnership with Microsoft Corp, aimed to commercialize self-driving vehicles. General Motors shares closed higher for the eighth time in the past ten trading sessions in New York on Tuesday. It has also been the sharpest single-session […]
Read moreJanuary 20, 2021 8:46 am
AT&T Inc (T) said earlier this week that it intended to cut its headcount in Slovakia, since the coronavirus crisis has delivered a blow to customer demand. According to a report by Reuters, Martin Horkavy, the chairman of trade union uniJA representing AT&T workers, claimed such a decision could affect as many as 300 jobs. […]
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