November 17, 2020 11:20 am
Home Depot Inc (HD) said on Monday that it had agreed to acquire HD Supply Holdings Inc for nearly $8 billion, as the home improvement chain seeks to expand its construction and maintenance goods business. The company said it intended to offer $56 per share in cash to shareholders of HD Supply. Home Depot shares […]
Read moreNovember 16, 2020 8:32 am
General Motors Co (GM) said last Friday that it would recall 68,677 electric vehicles across the globe due to a risk of fire, after five cases of fires have already been reported. The recall is to affect Chevrolet Bolt electric vehicles, produced between 2017 and 2019, which are equipped with high voltage batteries made at […]
Read moreNovember 13, 2020 9:07 am
Boeing Co (BA) on Thursday revised up its 20-year forecast for China’s aircraft demand, even as the pandemic may obstruct global jet deliveries over the upcoming several years. Boeing shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 2.98% ($5.43) to $176.72, after touching an intraday […]
Read moreNovember 12, 2020 8:34 am
Blackstone Group LP (BX) said earlier this week that it had acquired a majority stake in China Greater Bay Area’s largest urban logistics park from R&F Group in a deal valued $1.1 billion, while bolstering its logistics portfolio in the Asian country by almost one-third. Blackstone Real Estate’s opportunistic funds will buy a 70% stake […]
Read moreNovember 11, 2020 10:38 am
American Airlines Group Inc (AAL) on Tuesday announced a proposed underwritten public offering of 38.5 million shares of its common stock in an attempt to improve its liquidity amid weak air travel demand due to the COVID-19 crisis. The net proceeds from the offering are to be used for general corporate purposes, the air carrier […]
Read moreNovember 10, 2020 8:43 am
Three more logistics centers have been opened by Amazon in Brazil, the company said on Monday, as it seeks to take advantage of e-commerce boost in the country, resulting from the coronavirus pandemic. Amazon shares closed lower for a second consecutive trading session on NASDAQ on Monday. It has also been the steepest single-session loss […]
Read moreNovember 9, 2020 8:58 am
Total vehicle sales at Ford Motor Co’s (F) ventures in China rose in October compared to a year ago, supported by strong demand for Sport-utility Vehicles (SUVs) and vans. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Friday. The stock went down 2.50% ($0.20) to […]
Read moreNovember 6, 2020 9:14 am
Electronic Arts Inc (EA) and UFC announced on Thursday the extension of their partnership to continue to deliver authentic and innovative mixed martial arts (MMA) games to 2030. Electronic Arts shares closed higher for a third consecutive trading session on NASDAQ on Thursday. The stock went up 2.41% ($3.02) to $128.33, after touching an intraday […]
Read moreNovember 5, 2020 10:54 am
Ford Motor Co (F) announced on Wednesday the recall of nearly 375,000 Explorer SUVs in North America, because of a part that could detach and cause a crash. Ford shares closed lower for the seventh time in the past ten trading sessions in New York on Wednesday. It has also been the steepest single-session loss […]
Read moreNovember 4, 2020 10:57 am
Walmart Inc (WMT) said earlier this week that it no longer planned to use roving robots to scan shelves and track inventory at its stores. “This was one idea we tried in roughly 500 stores just as we are trying other ideas in additional stores,” the US retailer said in a statement, cited by Reuters. […]
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