June 22, 2018 10:04 am
Several Republican and Democratic lawmakers in the United States reportedly requested that Alphabets Google reconsider its collaboration with Chinas Huawei Technologies Co Ltd due to security threat concerns. Alphabet shares closed lower for the third time in the past nine trading sessions on NASDAQ on Thursday. It has also been the steepest daily loss since […]
Read moreJune 22, 2018 7:08 am
According to CNBCs David Faber, General Electric Company (GE) may not break up completely, but yet, it may announce something significant about its future at the end of June. General Electric shares closed lower for a seventh consecutive trading session in New York on Thursday. The stock went down 0.93% ($0.12) to $12.76, after touching […]
Read moreJune 21, 2018 9:47 am
According to a report by Reuters, citing an internal memo by Goldman Sachs Group, the bank has appointed Cai Wei as partner and co-head of its investment banking unit in China. This is the first time when the Wall Street bank is to collaborate with a China partner from outside the financial group. Goldman Sachs […]
Read moreJune 21, 2018 7:52 am
Shares of Starbucks Corporation (SBUX) registered their worst daily performance in eleven months on Wednesday, after the US company released a subdued forecast regarding sales in its home market as well as in its second-largest market – China, which urged some analysts to revise down their rating on the stock. Starbucks shares closed lower for […]
Read moreJune 20, 2018 9:42 am
According to an announcement by United Parcel Service Inc (UPS) on Tuesday, it intends to purchase 730 compressed natural gas vehicles and establish 5 additional CNG fueling stations in the United States, with the total investment being estimated at $130 million. United Parcel shares closed lower for the fourth time in the past eight trading […]
Read moreJune 20, 2018 7:07 am
According to a statement by the US Commodities Futures Trading Commission (CFTC) earlier this week, JP Morgan Chase has been ordered to pay a civil penalty of $65 million to settle charges, accusing it of manipulation of ISDAfix benchmark swap rates between 2007 and 2012. JP Morgan Chase shares closed lower for the sixth time […]
Read moreJune 19, 2018 9:39 am
According to a statement by Amazon.com Inc on Monday, it intends to create over 1 000 new jobs in Ireland during the upcoming two years, which would bring its total headcount in the country to over 3 500. Amazon shares closed higher for the fifth time in the past nine trading sessions on NASDAQ on […]
Read moreJune 19, 2018 7:33 am
According to a report by Reuters, citing a spokesman for the French government, General Electric Company (GE) should face fines in case it fails to add as many job positions at Alstom as agreed in a deal it struck three years ago. General Electric shares closed lower for a fourth consecutive trading session in New […]
Read moreJune 18, 2018 9:54 am
Citigroup Inc (C) said it had agreed to pay as much as $100 million in order to settle a US litigation related with fraudulent activities involving the London Interbank Offered Rate (LIBOR). Citigroup shares closed higher for the first time in the past five trading sessions on Friday. The stock edged up 0.27% ($0.18) to […]
Read moreJune 18, 2018 7:25 am
Ford Motor Companys (F) vehicle sales in China continued to shrink in May, despite the auto makers decision to appoint a new sales chief and to prepare the launch of new vehicle models. Ford shares closed lower for a third consecutive trading session in New York on Friday. The stock inched down 0.08% ($0.01) to […]
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