July 6, 2018 9:57 am
Ford Motor Company (F) made an announcement on Thursday that for now it would abstain from raising prices of imported Ford and luxury Lincoln vehicle models in China, just a day before the additional 25% duty on $34 billion worth of Chinese imports, which the Trump administration announced in June, comes into effect. Ford shares […]
Read moreJuly 6, 2018 7:53 am
IBM said on Thursday that it had signed a five-year deal with Australias government estimated at approximately AUD 1 billion, the scope of which includes hardware, software, support and cloud-based services. The agreement also encompasses “joint innovation programs” in areas such as research, information security and quantum computing, the company said. IBM shares closed higher […]
Read moreJuly 5, 2018 10:03 am
Walmart Inc (WMT) has reportedly removed the controversial anti-Trump “Impeach 45” clothing from its website after a number of users expressed their discontent on Twitter. Walmart shares closed higher for the fifth time in the past nine trading sessions in New York on Tuesday. The stock went up 0.52% ($0.44) to $84.44, with the intraday […]
Read moreJuly 5, 2018 7:51 am
General Motors Companys (GM) second-quarter auto sales in China were reported to have increased a mere 0.7% year-on-year to 858 344 vehicles, slowing down from an 8% growth during the quarter ended in March, mostly due to weaker sales of Buick brand vehicles. General Motors shares closed lower for the seventh time in the past […]
Read moreJuly 4, 2018 9:43 am
Ford Motor Company’s (F) overall auto sales in the United States were reported to have risen 1.2% to 230 635 vehicles in June in comparison with the same month of 2017. That compares with a 0.8% sales growth expected by Edmunds. Sales in the United States for the first six months of 2018, however, shrank […]
Read moreJuly 4, 2018 7:41 am
According to a Monday report on the website of Brazils newspaper Valor Economico, citing sources familiar with the situation, Boeing Company (BA) and Embraer SA have readied contracts of their proposed partnership and are to present them to Brazils government within a two-week period. Boeing shares closed lower for the first time in the past […]
Read moreJuly 3, 2018 10:21 am
Citigroup was reported to have confirmed on Monday its “Buy” rating on Apple Inc (AAPL) with a price target of $200, while, in a client note, analyst Jim Suva presented five reasons why market players should consider buying the tech giants shares. Demand for Apple devices is expected to “pick up during back to school/holiday […]
Read moreJuly 3, 2018 8:03 am
According to a report by TechCrunch, Facebook Inc (FB) has agreed to acquire Bloomsbury AI, a UK startup firm which has implemented natural language processing (NLP) technology aimed to assist machines in answering questions based on information from documents. Facebook shares closed higher for the fifth time in the past ten trading sessions on NASDAQ […]
Read moreJuly 2, 2018 10:14 am
Two separate incidents of fiber cuts at Comcast Corporations (CMCSA) network providers CenturyLink Inc and Zayo Group Holdings Inc were reported to have caused services interruptions last week. However, the media giant said that services to its business and residential Internet, video and voice clients were in a process of recovery. Comcast shares closed higher […]
Read moreJuly 2, 2018 8:23 am
A lawsuit has been filed last Thursday in San Francisco federal court by Texas-based J Edwards Jewelry Distributing against Wells Fargo & Company (WFC), which alleged the bank had encouraged thousands of retailers across the United States to charge “hidden fees” to their clients through financing programs offered by Wells Fargo. The lawsuit cited violations […]
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