May 19, 2020 11:56 am
The German mega-conglomerate Thyssenkrupp is planning to slim down its business drastically in an attempt to cut down losses from the global coronavirus pandemic. Several conversations have revealed that the company is planning to sell some of its steel assets as it is struggling to handle the negative impact of COVID-19 on the business. Thyssenkrupp’s […]
Read moreMay 19, 2020 8:55 am
Sony is about to improve its latest imaging chip by incorporating Microsoft’s artificial intelligence technology. This will help Sony to further increase the quality of its products and allow an easier and more secure way to analyze video files. The improvements that Sony will introduce to its imaging chip will allow users to utilize AI […]
Read moreMay 18, 2020 2:25 pm
Total, a French energy group, will acquire a portion of Portugal’s EDP assets by buying a customer solar energy portfolio and two of EDP’s power plants, said the company on Monday. The entire purchase is estimated to cost €515 million ($556.9 million). The customer portfolio is composed of business-to-consumer (B2C) customers as well as two […]
Read moreMay 14, 2020 9:44 am
While presently testing four different coronavirus vaccine variations, Pfizer Inc (PFE) intends to expand human trials of its experimental COVID-19 vaccine to thousands of test patients by September. Last week the drug maker injected doses of its potential BNT162 vaccine into the first human participants in the United States. Pfizer said it expected to test […]
Read moreMay 14, 2020 6:56 am
Amazon.com Inc (AMZN) said earlier this week that its 6 warehouses in France would remain closed until May 18th. The warehouses have been closed since April 16th after Amazon was ordered to restrain deliveries during the COVID-19 pandemic. Amazon shares closed higher for the eighth time in the past ten trading sessions on NASDAQ on […]
Read moreMay 13, 2020 8:24 am
Hyatt Hotels Corp (H) said earlier this week that it would lay off 1 300 of its employees across the globe in an attempt to handle the COVID-19 crisis, which has crippled international travel. Shares of Hyatt Hotels Corp closed lower for a second consecutive trading session in New York on Tuesday. It has also […]
Read moreMay 12, 2020 9:06 am
According to data by the China Passenger Car Association (CPCA), Tesla Inc (TSLA) sold 64% fewer Shanghai-made Model 3 sedans in China in April from a month ago, or 3,635 vehicles. A total of 10,160 Model 3 sedans were sold in March compared with sales of 3,900 vehicles in February, the industry body said. Tesla […]
Read moreMay 12, 2020 7:10 am
A regulatory filing by Southwest Airlines Co (LUV) from last week showed that the air carrier intended to sell and lease back 20 jets for gross proceeds of nearly $815 million. The move comes at a time when cash saving is essential for airlines. The company said that the money raised would be used for […]
Read moreMay 11, 2020 7:55 am
Microsoft Corp (MSFT) said last week that it would establish its first data center region in Italy, as it expects to invest $1.5 billion in the project. Microsoft shares closed higher for a fifth consecutive trading session on NASDAQ on Friday. The stock went up 0.59% ($1.08) to $184.68, after touching an intraday high at […]
Read moreMay 8, 2020 9:20 am
Moderna Inc (MRNA) said earlier this week that the Food and Drug Administration had cleared its coronavirus vaccine for phase 2 trial. The company expects to initiate phase 2 trials with 600 participants soon, while also finalizing plans for a phase 3 trial this summer. Moderna shares closed higher for the fourth time in the […]
Read more