October 2, 2020 11:58 am
PepsiCo Inc (PEP) said on Thursday that it would consider a move into alcoholic beverage business, two days after its competitor Coca-Cola Co announced plans to introduce an alcoholic sparkling water on the US market in 2021. PepsiCo shares closed higher for a second consecutive trading session on NASDAQ on Thursday. The stock went up […]
Read moreOctober 1, 2020 11:33 am
Tesla Inc (TSLA) slashed the starting price of its Shanghai-produced Model 3 sedans on Thursday by nearly 8% to 249,900 yuan ($36,800*), after state purchase subsidies, the US company stated on its China website. Previously, China-made Model 3 sedans with a standard driving range were priced at as low as 271,550 yuan. Tesla shares closed […]
Read moreSeptember 30, 2020 10:07 am
Walt Disney Co announced on Tuesday that nearly 28,000 employees at its US theme parks would be laid off, most notably in California where Disneyland is still closed, as the COVID-19 pandemic has delivered a severe hit to overall visitor flow. Walt Disney shares closed lower for the sixth time in the past ten trading […]
Read moreSeptember 29, 2020 11:20 am
According to a report by the Mint newspaper, citing sources with knowledge of the matter, Walmart Inc (WMT) is discussing with Tata Group an investment of up to $25 billion in the Indian company’s “super app,” which is expected to launch in India either in December or in January. The report stated the app was […]
Read moreSeptember 28, 2020 7:09 am
The board of directors of Lockheed Martin Corp (LMT) has authorized a dividend of $2.60 per share for the fourth quarter of 2020, which is an increase of $0.20 per share compared to third-quarter dividend. The dividend will be paid on December 24th to holders of record as of the close of business on December […]
Read moreSeptember 25, 2020 11:33 am
AMC Entertainment Holdings Inc (AMC) said in a SEC filing that it had reached an agreement with major banks to sell up to 15 million shares in an attempt to raise funds as it burns cash because of the coronavirus crisis. Shares of AMC Entertainment Holdings closed lower for a sixth consecutive trading session in […]
Read moreSeptember 24, 2020 11:30 am
KKR & Co Inc (KKR) will purchase online contact lens retailer 1-800 Contacts from AEA Investors LP, Reuters reported. The deal was valued at more than $3 billion, the same media said, citing a knowledgeable source. Shares of KKR & Co closed lower for the sixth time in the past ten trading sessions in New […]
Read moreSeptember 23, 2020 11:27 am
Unifor union National President Jerry Dias said on Tuesday that Ford Motor Co (F) planned to invest CAD 1.95 billion ($1.46 billion) in its Canadian facilities in Oakville and Windsor as part of an agreement with Canadian autoworkers. According to Dias, the agreement covers a reorganization of the Oakville facility in order to manufacture 5 […]
Read moreSeptember 22, 2020 11:50 am
Microsoft Corp (MSFT) announced on Monday plans to acquire ZeniMax Media in a cash deal valued at $7.5 billion. This is going to be the most formidable gaming acquisition Microsoft has ever made, as the software giant aims to bolster its video game catalogue in its fierce competition with Sony. ZeniMax, which is the parent […]
Read moreSeptember 18, 2020 11:36 am
Ford Motor Co (F) announced on Thursday that it had initiated production of a new generation of its F-150 pickup truck at its factory in Dearborn, Michigan. The vehicle is expected to come to market in November. Ford shares closed higher for the fifth time in the past ten trading sessions in New York on […]
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