May 4, 2018 9:58 am
According to a report by Reuters, citing a corporate filing, up to 125 jobs are expected to be moved by Bank of America Corporation (BAC) from the UK mostly to Ireland in preparation for Brexit in March 2019. Bank of America shares closed lower for a second consecutive trading session on Thursday. The stock went […]
Read moreMay 4, 2018 7:40 am
Macy’s Inc said on Thursday that it has acquired the STORY concept store located in New York City. At the same time, STORY’s founder and Chief Executive, Rachel Shechtman, is to assume the role of brand experience officer at Macy’s. Macy’s shares closed higher for a second consecutive trading session on Thursday. The stock went […]
Read moreMay 3, 2018 10:10 am
A lawsuit has been filed earlier this week by Nikola Motor Co against Tesla Inc (TSLA) related with design patent violations. Tesla shares closed higher for a second consecutive trading session on Wednesday. The stock went up 0.41% ($1.23) to $301.15, after touching an intraday high at $306.85, or a price level not seen since […]
Read moreMay 3, 2018 8:22 am
According to people with knowledge of the matter, the $3.6 billion cash inflow, planned by General Motors Company (GM) for its unit in South Korea, is to be in the form of loans. At the same time, for investing as much as $750 million in GM Korea, Korea Development Bank (KDB) will be awarded preference […]
Read moreMay 2, 2018 10:24 am
According to a statement by Boeing Company (BA) on Tuesday, it intends to acquire aerospace parts maker, KLX Inc, in a cash deal valued at approximately $3.2 billion, as the US plane manufacturer seeks to expand its aircraft services business. The deal is expected to value KLX at $4.25 billion, which also includes net debt […]
Read moreMay 2, 2018 7:27 am
Macy’s Inc (M) disclosed on Tuesday updated information in regard to the expansion of its on-mall, off-price concept, Macy’s Backstage. According to a company press release, 20 Backstage locations have been opened during the first quarter. Macy’s shares closed lower for a second consecutive trading session on Tuesday. The stock went down 1.06% ($0.33) to […]
Read moreMay 1, 2018 8:29 am
According to a report by the Business Journal last week, citing sources, Amy Montagne has been promoted to vice president and general manager of global categories at Nike Inc (NKE). Nike shares closed lower for the second time in the past seven trading sessions on Monday. It has also been the steepest daily loss since […]
Read moreApril 30, 2018 9:24 am
Chevron Corporations (CVX) first-quarter earnings, reported on Friday, outstripped Wall Street estimates, since rising crude prices as well as growing production lent support. Chevron shares closed higher for a third consecutive trading session on Friday. It has also been the sharpest daily surge since April 18th. The stock went up 1.93% ($2.40) to $126.62, after […]
Read moreApril 30, 2018 7:49 am
According to a recent report by Bloomberg, citing sources, negotiations between Sainsbury and Walmart over the acquisition of Asda have advanced. Sainsbury has already acknowledged plans to merge with Asda, which would lead to the formation of a supermarket giant in the UK with a market share of more than 30% and, as a result, […]
Read moreApril 27, 2018 10:50 am
Time Warner Incs (TWX) first-quarter revenue, reported on Thursday, topped market expectations, as the airing of the last four games of the NCAA Men’s Basketball Tournament on Turner supported advertising growth. Time Warner shares closed lower for the fifth time in the past eleven trading sessions on Thursday. It has also been the steepest daily […]
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