October 19, 2020 9:44 am
American Airlines Group Inc (AAL) said over the weekend that Boeing 737 MAX would probably return to commercial service by the end of this year. It would depend on when the jet is certified by the US Federal Aviation Administration, the company said. American Airlines shares closed higher for the sixth time in the past […]
Read moreOctober 16, 2020 7:34 am
A report by Reuters, citing a person with knowledge of the matter, stated that Wells Fargo & Company (WFC) had fired between 100 and 125 employees in relation with COVID-19 relief fund misuse. According to David Galloreese, head of Human Resources at Wells Fargo, some of the bank’s employees made “false representations in applying for […]
Read moreOctober 15, 2020 9:35 am
Macy’s Inc (M) announced on Wednesday the appointment of Adrian Mitchell, a managing director at Boston Consulting Group, as its next Chief Financial Officer, who will assume the role in November. At the same time, the current interim CFO Felicia Williams is to join the company’s Racial Equity program as a Macy’s Inc Fellow. The […]
Read moreOctober 14, 2020 9:36 am
This year’s ‘Black Friday’ deals are to be extended beyond the traditional one-day period at Walmart Inc (WMT), the US retailer said on Wednesday, amid a significant change in clients’ spending habits because of the coronavirus pandemic. Walmart shares closed higher for a fifth consecutive trading session in New York on Tuesday. It has also […]
Read moreOctober 13, 2020 9:34 am
Benchmark was reported to have raised its rating on Ford Motor Company (F) from “Hold” to “Buy”, citing momentum from new products into the next year. The firm has also assigned a 12-month price target of $10 on the stock. Ford shares closed higher for the seventh time in the past ten trading sessions in […]
Read moreOctober 12, 2020 9:43 am
Stifel raised its rating on Teradyne Inc (TER) to “Buy” from “Hold” and also revised up its 12-month price target on the stock from $85 to $115, as the firm sees better growth prospects in the semi test and industrial robotics. Shares of Teradyne Inc closed higher for a third consecutive trading session on NASDAQ […]
Read moreOctober 9, 2020 7:15 am
AMC Entertainment Holdings Inc (AMC) said on Thursday that 14 movie theatres in the state of Washington would reopen on October 16th. This round of reopenings coupled with recently announced reopenings in California, Michigan and North Carolina, would bring the total number of AMC locations returning to business during the first three weeks of October […]
Read moreOctober 8, 2020 9:41 am
Lowe’s Companies Inc (LOW) said on Wednesday that its hourly staff would receive an extra $100 million in discretionary bonuses, as the retailer makes preparations for the active holiday season. This way Lowe’s total bonuses since the start of the pandemic would reach over $775 million, the company said. Lowe’s shares closed higher for the […]
Read moreOctober 6, 2020 11:33 am
Exxon Mobil Corp (XOM) revealed on Monday plans to cut its workforce in Europe by up to 1,600 across its affiliates by the end of next year as part of a global restructuring. Exxon Mobil shares closed higher for the fourth time in the past ten trading sessions in New York on Monday. The stock […]
Read moreOctober 5, 2020 7:17 am
Chevron Corp’s (CVX) division in Nigeria said over the weekend that it intended to reduce local workforce by 25%, as it seeks to cut costs amid weak global demand for oil. Last month the International Energy Agency revised down its full-year projection on oil demand internationally. Chevron shares closed higher for the fourth time in […]
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