August 7, 2018 10:30 am
American International Group Inc (AIG) said on Monday that it had appointed Jonathan Wismer as Senior Vice President, Deputy Chief Financial Officer (CFO) and Chief Accounting Officer with immediate effect. Wismer is expected to report to AIGs Executive Vice President and Chief Financial Officer, Sid Sankaran, and will be based in New York. AIG shares […]
Read moreAugust 7, 2018 7:58 am
Atlantic Equities reportedly raised its rating on Comcast Corporation (CMCSA) to “Overweight” from “Neutral” previously, citing reduced concerns over future development of the company, after it has already pulled out of the bid race for Fox assets. Atlantic Equities also revised up its price target on the stock from $34 to $42. Comcast shares closed […]
Read moreAugust 6, 2018 9:46 am
According to a report by Reuters last week, the US Securities and Exchange Commission (SEC) is discontinuing its investigation into whether investors were misled by Exxon Mobil Corporation (XOM) about the possible effects, which climate change and greenhouse gas regulations might have on the oil companys business. Exxon Mobil shares closed higher for the first […]
Read moreAugust 6, 2018 7:28 am
According to an announcement by FedEx Corporation (FDX) on Friday, it, unlike rival United Parcel Service Inc, would not charge additional fees for the majority of home deliveries during the busy holiday shopping season. An exception will be unauthorized or over-sized packages as well as those requiring additional handling. FedEx shares closed higher for a […]
Read moreAugust 3, 2018 10:13 am
Alphabets Google announced on Thursday that it had formed a partnership with leading game development platform Unity, as the tech company seeks to further expand its presence in mobile advertising. Alphabet shares closed higher for a second consecutive trading session on NASDAQ on Thursday. The stock went up 0.50% ($6.14) to $1,226.15, with the intraday […]
Read moreAugust 3, 2018 8:23 am
According to an announcement by Qualcomm Incorporated (QCOM) on Thursday, the company expects to generate over $1 billion in sales outside its main business during the current fiscal year. These areas include sales of semiconductor chips for smart watches, connected speakers as well as other devices. The shares of Qualcomm Incorporated closed higher for a […]
Read moreAugust 2, 2018 10:25 am
Procter & Gamble Companys (PG) fiscal fourth-quarter sales, reported on Tuesday, fell short of market expectations, dragged down by weaker performance in the companys grooming business. Procter & Gamble shares closed lower for the second time in the past seven trading sessions in New York on Wednesday. The stock edged down 0.28% ($0.23) to $80.65, […]
Read moreAugust 2, 2018 8:01 am
According to a Wednesday report by The Intercept, citing internal company documents and sources with knowledge of the matter, Alphabets Google intends to launch a censored version of its search engine in China, known under the code name of “Dragonfly”, which is aimed at blocking particular search terms as well as websites. Alphabet shares closed […]
Read moreAugust 1, 2018 7:36 am
United Parcel Service Inc (UPS) announced earlier this week that it would develop an electric medium-duty delivery truck in cooperation with electric commercial vehicle startup Thor Trucks Inc headquartered in Los Angeles. The truck is to have a driving range of approximately 100 miles and will be deployed later in 2018. United Parcel shares closed […]
Read moreJuly 31, 2018 9:52 am
Caterpillar Incs (CAT) second-quarter profit, reported on Monday, outstripped Wall Street estimates, which urged the company to revise up its full-year 2018 earnings forecast. Caterpillar shares closed lower for a second consecutive trading session in New York on Monday. It has also been the steepest daily loss since July 11th. The stock went down 1.97% […]
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