May 8, 2020 7:30 am
United Airlines said earlier this week that it planned to initiate a private offering of two series of notes – senior secured notes due 2023 and senior secured notes due 2025, for an aggregate principal amount of $2.25 billion. United Air shares closed lower for a sixth consecutive trading session on NASDAQ on Thursday. The […]
Read moreMay 7, 2020 9:38 am
CVS Health Corp’s (CVS) first-quarter revenue, reported on Wednesday, topped Wall Street estimates, supported by a 9% surge in same-store sales, as consumers rushed in to get prescriptions, cleaning supplies and other essential items during the COVID-19 pandemic. CVS shares closed lower for the fifth time in the past ten trading sessions in New York […]
Read moreMay 7, 2020 7:01 am
LGI Homes Inc (LGIH) reported earlier this week 605 home closings in April, which compares with 612 closings in the same month a year ago. LGI Homes shares closed higher for a third consecutive trading session on NASDAQ on Wednesday. It has also been the sharpest single-session gain since April 29th. The stock went up […]
Read moreMay 6, 2020 8:46 am
Microsoft Corp (MSFT) said on Tuesday that it intended to open a data center in Poland to provide cloud services to businesses and government institutions. It plans to invest as much as $1 billion in the project. Microsoft shares closed higher for a second consecutive trading session on NASDAQ on Tuesday. The stock went up […]
Read moreMay 5, 2020 9:07 am
Mark Barnett has been promoted to president of Mastercard Inc’s (MA) European business and will take responsibility for its strategy and operations across 53 countries. He is to succeed Javier Perez, who retires at the end of 2020. Mastercard shares closed higher for the fifth time in the past ten trading sessions in New York […]
Read moreMay 5, 2020 6:40 am
According to a report by Reuters, citing a Citigroup Inc memo sent to staff, the Wall Street bank has appointed Kaleem Rizvi as head of its corporate banking business in the Asia Pacific area, effective May 1st. Citigroup shares closed lower for a third consecutive trading session in New York on Monday. The stock went […]
Read moreMay 4, 2020 7:54 am
According to a report by Reuters, citing an internal email by Tesla Inc (TSLA), the US electric car maker informed furloughed employees that they would not return to work for at least one more week. The company had previously intended to resume normal work process at its facility in Fremont, California, on May 4th. Production […]
Read moreMay 1, 2020 7:46 am
American Airlines Group Inc (AAL) reported a net loss of $2.2 billion during Q1, or the first quarterly loss since its bankruptcy exit in 2013, as the coronavirus pandemic delivered a severe hit to the entire sector. American Airlines shares closed lower for the sixth time in the past ten trading sessions on NASDAQ on […]
Read moreApril 30, 2020 9:03 am
Anthem Inc’s (ANTM) first-quarter revenue, reported on Wednesday, topped Wall Street estimates, supported by pharmacy product revenue related to the launch of IngenioRx and by higher premium revenue. Anthem shares closed higher for the fifth time in the past ten trading sessions in New York on Wednesday. It has also been the sharpest single-session gain […]
Read moreApril 29, 2020 8:51 am
Merck & Company Inc’s (MRK) first-quarter results, reported on Tuesday, exceeded Wall Street estimates. However, the company warned of a $2.1 billion hit to its full-year revenue, as it expects “reduced demand for its physician-administered products while pandemic-related access measures remain in place.” Merck shares closed lower for the fourth time in the past ten […]
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