April 5, 2018 8:15 am
According to a statement by General Motors Company (GM) earlier this week, it intends to discontinue reporting its US vehicle sales on a monthly basis, as the 30-day time frame is not an accurate reflection of the market. Instead, the auto maker is to report vehicle sales on a quarterly basis. Still, monthly data will […]
Read moreApril 4, 2018 10:45 am
According to Gunnar Herrmann, the head of Ford’s German business, the US auto maker could initiate production of electric vehicles in Germany after 2023, when the life cycle of the companys Fiesta model is expected to come to an end. Ford shares closed higher for the fourth time in the past eight trading sessions on […]
Read moreApril 4, 2018 7:38 am
Tesla Inc said on Tuesday that 2 020 Model 3 sedans had been manufactured during the last week of March, which curbed speculation that the company might need additional capital this year and also lent support to its shares. Tesla shares closed higher for the third time in the past eight trading sessions on Tuesday. […]
Read moreApril 3, 2018 10:03 am
According to a statement by Walmart Inc (WMT) on Monday, the company has established its first small-sized high-tech store on Chinese soil, while most of the items stocked there will also be available for purchase on Walmarts store on web-based marketplace JD.com. Walmart shares closed lower for the fourth time in the past nine trading […]
Read moreApril 3, 2018 7:39 am
Amazon shares retreated the most in 26 months during the trading session on Monday, after US President Donald Trump once again criticized the e-commerce company in relation with how its deliveries via the United States Postal Service are priced. Yesterdays comments by President Trump followed another set of accusations last week, which focused on Amazon […]
Read moreApril 2, 2018 9:27 am
Shares of Tesla Inc (TSLA) retreated more than 2% in after-hours trade on Thursday, after the company said that about 123 000 Model S sedans were being recalled worldwide, as specific corroding bolts in cold weather conditions could heighten risk of a power-steering failure. The recall is to affect Model S vehicles, which were manufactured […]
Read moreApril 2, 2018 7:18 am
Shares of Under Armour Inc (UAA) retreated more than 2% in after-hours trade on Thursday following an announcement by the company that 150 million accounts related with MyFitnessPal diet and fitness app had been compromised in February. Under Armour shares rebounded during the trading session in New York on Thursday. The stock edged up 0.12% […]
Read moreMarch 30, 2018 9:56 am
According to an announcement by Bank of America Corporation (BAC) on Thursday, in an attempt to expand its wealth management services for mainstream investors, it intends to open as many as 600 new Merrill Edge offices and hire 300 new financial solutions advisers within the upcoming two years. The new recruits will bring the total […]
Read moreMarch 30, 2018 7:34 am
Microsoft Corporation (MSFT) said on Thursday that it was conducting a major reorganization in order to set up two divisions focusing on experiences and devices, and on cloud and Artificial Intelligence platforms respectively. It also became clear that Terry Myerson, the executive vice president for the Windows and Devices group, is to part ways with […]
Read moreMarch 29, 2018 9:38 am
The National Football League said it had signed a long-term extension of its partnership with Nike Inc. According to a report by CNN, the contract will have a period of eight years and will come into force after the expiry of the current deal in 2020. Nike shares closed lower for the first time in […]
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