March 2, 2018 10:58 am
Ford Motor Companys (F) overall auto sales in the United States were reported to have shrunk 6.9% to 194 132 vehicles in February in comparison with the same month of 2017. That compares with a 6% sales growth expected by Edmunds. Ford shares closed lower for the second time in the past six trading sessions […]
Read moreMarch 2, 2018 8:27 am
According to sources with knowledge of the matter, Bank of New York Mellon Corp intends to open an office in Saudi Arabia as early as Q2 this year, as it explores opportunities to service the countrys foreign assets. The bank already manages foreign funds held by entities outside Saudi Arabia that are linked with the […]
Read moreMarch 1, 2018 11:18 am
In a statement at the LNGA conference in Singapore, Frank Kretschmer, Exxon Mobils senior Vice President for LNG Marketing in Asia Pacific, said the company intended to further its plans regarding the establishment of a liquefied natural gas (LNG) export facility in Mozambique. Exxon Mobil shares closed lower for a second consecutive trading session on […]
Read moreMarch 1, 2018 8:55 am
Macquarie Research cut its rating for Comcast Corporation (CMCSA) from “Outperform” to “Neutral” on Wednesday, as it highlighted concerns in regard to the media giants bid to acquire Sky Plc. Comcast had proposed $31 billion to acquire the European pay-TV group. Comcast shares closed lower for a second consecutive trading session on Wednesday. The stock […]
Read moreFebruary 28, 2018 11:01 am
Four private label clothing brands will reportedly be introduced by Walmart Inc (WMT) next month, as the retailer attempts to expand its presence in the apparel industry and become more competitive against e-commerce giant Amazon. Walmart shares closed lower for the first time in the past four trading sessions on Tuesday. The stock went down […]
Read moreFebruary 28, 2018 8:29 am
Shares of Walt Disney Company registered their largest daily drop since August 2015 on Tuesday following news that cable giant Comcast Corp had proposed $31 billion to acquire Sky Plc and, thus, endangering a plan by Rupert Murdoch’s Twenty-First Century Fox and Disney to take control of the European pay-TV group. Walt Disney shares closed […]
Read moreFebruary 27, 2018 10:58 am
According to a report by Lauro Jardim, O Globo newspaper columnist, over the weekend, Boeing Company (BA) is to own 51% in a joint venture with Brazils plane maker Embraer. Boeing shares closed higher for a third consecutive trading session on Monday. It has also been the sharpest daily surge since February 15th. The stock […]
Read moreFebruary 27, 2018 8:05 am
Delta Air Lines Inc and European aircraft manufacturer Airbus SE were reported to have formed an alliance with wireless carrier Sprint Corp, Bharti Airtel Ltd of India as well as satellite startup OneWeb, aimed at development of in-flight 5G services. The companies, however, did not reveal any financial details of the agreement. Delta Air shares […]
Read moreFebruary 26, 2018 10:54 am
The price of Googles YouTube TV on-line service for new clients is to be raised from $35 per month to $40 per month following the addition of new content, Reuters reported. Alphabet shares closed higher for the ninth time in the past ten trading sessions on Friday. It has also been the sharpest daily surge […]
Read moreFebruary 26, 2018 8:31 am
On Saturday Bank of America Corporation (BAC) addressed clients engaged in weapons manufacturing, as it said it would ask them what actions they are able to take in order to end gun killing sprees, after the latest mass shooting at a high school in Florida. Bank of America shares closed higher for the first time […]
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