February 23, 2018 11:01 am
At an investor conference hosted by Citigroup in Miami earlier this week, General Electrics Chief Financial Officer Jamie Miller said that the conglomerate had “line of sight” on the first asset sales worth $4 billion that were part of a total of $20 billion in disposals. General Electric shares closed higher for the third time […]
Read moreFebruary 23, 2018 8:31 am
Kumar Galhotra, who has served as Ford’s Chief Marketing Officer since 2017, was reported to have been named by the company as President of its North America business, after Raj Nair abruptly left the auto maker on February 21st. Galhotra’s appointment is effective March 1st. Ford shares closed higher for the fourth time in the […]
Read moreFebruary 22, 2018 10:52 am
MKM Partners reportedly revised up its price target on Amazons stock to $1 750 from $1 350 previously, as the e-commerce giant is seen as increasing the competitive advantage it has achieved. The research firm also maintained a “Buy” rating on the stock. Amazon shares closed higher for a second consecutive trading session on Wednesday. […]
Read moreFebruary 22, 2018 8:32 am
According to a statement by Israel’s Economy Minister Eli Cohen on Wednesday, Intel plans a $5 billion investment in its Kiryat Gat facility located in the southern part of the country, as it seeks to bolster production. Plant enhancement is to begin later this year, while the process is expected to be completed in 2020. […]
Read moreFebruary 21, 2018 10:54 am
According to a report by the Financial Times, Citigroups private banking and wealth management divisions in Asia are targeting the lower end of the contingent of wealthy customers in the region. Citigroups wealth management business is the second-largest in the Asia-Pacific area with total assets under management of approximately $218 billion. Citigroup shares closed lower […]
Read moreFebruary 21, 2018 8:56 am
Home Depot’s fourth-quarter revenue and earnings, reported on Tuesday, exceeded market expectations, as client traffic rose and visitors on average spent more at its stores amid optimism in the US housing sector. Home Depot shares closed lower for the first time in the past four trading sessions on Tuesday. The stock edged down 0.14% ($0.26) […]
Read moreFebruary 20, 2018 10:46 am
Boeings 737 MAX-9 aircraft has officially been certified for commercial service by the US Federal Aviation Administration, the plane manufacturer announced on February 16th. Boeing shares closed lower for the first time in the past three trading sessions on Friday. The stock went down 0.40% ($1.42) to $355.04, after touching an intraday high at $359.50, […]
Read moreFebruary 20, 2018 8:44 am
According to a statement by Fiat Chryslers US unit on February 16th, about 228 500 trucks in Canada, Mexico and the United States are expected to be recalled due to a shifter issue. As of 8:43 GMT on Tuesday the shares of Fiat Chrysler were gaining 0.09% (EUR 0.016) on the day to trade at […]
Read moreFebruary 19, 2018 10:36 am
Adam Brotman, the person who led Starbucks Corps digital initiatives such as loyalty program and mobile ordering, is to part ways with the company and join J. Crew Group Inc as Chief Experience Officer, the coffee shop chain announced on Friday. Starbucks shares closed lower for the first time in the past six trading sessions […]
Read moreFebruary 19, 2018 8:47 am
32 class action lawsuits have been filed by clients and shareholders against Intel Corporation (INTC) in relation with the recently-revealed security flaws in Intel chips, the tech giant said on February 16th. Intel shares closed lower for the second time in the past six trading sessions on Friday. The stock went down 0.78% ($0.36) to […]
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