July 24, 2018 8:23 am
Exxon Mobil Corporation (XOM) and its US-headquartered partner Hess Corp now expect to find 25% more recoverable resources than previously estimated in the Stabroek oil block offshore Guyana. Exxon Mobil shares closed flat at $81.40 in New York on Monday. The stock registered an intraday high at $82.00 and an intraday low at $81.18. Shares […]
Read moreJuly 23, 2018 10:01 am
Shares of General Electric Company (GE) retreated the most in two months on Friday, after the conglomerate pared its free cash flow target, which raised concerns over its full-year outlook. Still, the companys quarterly earnings per share dropped less than anticipated. General Electric shares closed lower for a second consecutive trading session in New York […]
Read moreJuly 23, 2018 7:27 am
AT&T Inc (T) announced on Friday that it intended to launch its next-generation wireless network at three more locations – Oklahoma City, Charlotte and Raleigh, North Carolina, by the end of 2018. Andre Fuetsch, the companys Chief Technology Officer, however, did not specify a date for the launch. AT&T shares closed lower for a fourth […]
Read moreJuly 20, 2018 10:29 am
According to an announcement by Hawaiian Airlines on Thursday, it intends to purchase ten 787-9 wide-body jets from Boeing Company (BA) and take advantage of purchase rights for up to 10 additional 787s, as it seeks to offer clients new destinations to Asia. Boeing shares closed lower for the first time in the past six […]
Read moreJuly 20, 2018 7:39 am
Shares of Tesla Inc (TSLA) retreated over 1% on Thursday after Needham & Co reportedly cut its rating on the stock from “Hold” to “Underperform”, as the firm cited a possible increase in Model 3 cancellations, slower sales of the auto makers Model S and X, margin pressure as well as more intense competition. Tesla […]
Read moreJuly 19, 2018 10:48 am
Over 100 million products were sold globally during Amazon.com Incs Prime Day event, regardless of technical glitches on Amazons mobile app and websites that disrupted order placement by customers, the company announced on Wednesday. Accessible only to members of Amazons Prime subscription service in 17 countries, this years Prime Day event began on July 16th […]
Read moreJuly 19, 2018 8:04 am
A deal for one hundred 737 MAX airplanes has been signed between Boeing Company (BA) and Vietnam’s first privately owned airline, VietJet Air, as the latter seeks to respond to rising demand on high-dense local routes and popular routes throughout Asia. Estimated at approximately $13 billion at list prices, the provisional order was inked at […]
Read moreJuly 18, 2018 9:53 am
Johnson & Johnsons (JNJ) second-quarter revenue and earnings, reported on Tuesday, outstripped Wall Street estimates, as strong sales of the companys Zytiga and Darzalex cancer drugs more than offset a drop in sales of the popular Remicade drug. Johnson & Johnson shares closed higher for the eighth time in the past eleven trading sessions in […]
Read moreJuly 18, 2018 7:32 am
Goldman Sachs Group Incs (GS) second-quarter earnings, reported on Tuesday, exceeded market expectations due to strength in investment banking as well as in fixed income trading. Goldman Sachs shares closed lower for the fourth time in the past nine trading sessions in New York on Tuesday. The stock edged down 0.18% ($0.42) to $231.02, after […]
Read moreJuly 17, 2018 9:24 am
According to an announcement by United Continental Holdings Inc (UAL) on Monday, the air carrier intends to purchase four new 787-9 wide-body jets from Boeing Company (BA), as it seeks to bolster the efficiency of its fleet. The third-largest US airline said it expected to have the aircraft delivered in 2020. United Air shares closed […]
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