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Apple shares fall the most since late April 2016 on Friday due to worries over weaker-than-expected second-quarter revenue guidance

February 5, 2018 7:57 am
Apple Incs announcement to return cash to shareholders seemed to have done little to soothe market players, as the latter put more weight on the tech giants weaker-than-anticipated second-quarter revenue guidance. Apple shares closed lower for the fifth time in the past eight trading sessions on Friday. It has also been the steepest daily loss […] Read more

Time Warner shares gain the most in six weeks on Thursday as “Justice League” success boosts fourth-quarter revenue, earnings

February 2, 2018 11:44 am
Time Warner Incs (TWX) fourth-quarter revenue and profit, reported on Thursday, exceeded market expectations, while drawing support from the success of the latest DC Comics-based movie “Justice League” featuring US actor Ben Affleck and actress Gal Gadot of Israel. Time Warner shares closed higher for a second consecutive trading session on Thursday. It has also […] Read more

Boeing shares touch a fresh all-time high on Wednesday as the company expects exceptionally strong jet deliveries, earnings this year

February 1, 2018 10:54 am
Boeing Company (BA) said on Wednesday that it projects a significant increase in its full-year 2018 earnings as well as in its full-year jet deliveries. The company also reported quarterly core earnings almost two times higher compared to a year ago. Boeing shares closed higher for the third time in the past five trading sessions […] Read more

Morgan Stanley shares fall for a third straight session on Wednesday, bank to decide on Brexit personnel relocation early in 2018

February 1, 2018 8:41 am
According to a statement by Morgan Stanleys President Colm Kelleher on Wednesday, the group is to decide on relocating personnel to selected hubs such as Paris, Dublin and Frankfurt due to Brexit in the very beginning of this year. Morgan Stanley shares closed lower for a third consecutive trading session on Wednesday. The stock inched […] Read more

Wal-Mart shares fall the most in ten weeks on Tuesday, retailer to share more data with suppliers to better compete with Amazon

January 31, 2018 10:37 am
According to a statement by Wal-Mart Stores Inc (WMT) on Tuesday, the retailer intends to share more data with its suppliers in order to accelerate the replenishment of out-of-stock goods, since it seeks to become more competitive against rivals such as Amazon. Wal-Mart shares closed lower for the second time in the past ten trading […] Read more

General Motors shares fall for a second straight session on Tuesday, 15 new and redesigned vehicles to be launched in China

January 31, 2018 8:43 am
According to a statement by General Motors on Tuesday, 15 new and redesigned vehicles are to be introduced in China in 2018, with almost half of them being minivans and sport-utility vehicles. The remainder are expected to be models by Cadillac, General Motors premium brand. General Motors shares closed lower for a second consecutive trading […] Read more

Lockheed Martin shares hit a fresh all-time high on Monday as fourth-quarter revenue outstrips market expectations

January 30, 2018 11:44 am
Lockheed Martin Corporations (LMT) fourth-quarter revenue, reported on Monday, exceeded market expectations, driven by a strong performance in its aeronautics business. Lockheed also expects sound results during the current year. Lockheed Martin shares closed higher for a fourth consecutive trading session on Monday. The stock went up 1.89% ($6.52) to $351.42, after touching an intraday […] Read more