July 3, 2018 8:03 am
According to a report by TechCrunch, Facebook Inc (FB) has agreed to acquire Bloomsbury AI, a UK startup firm which has implemented natural language processing (NLP) technology aimed to assist machines in answering questions based on information from documents. Facebook shares closed higher for the fifth time in the past ten trading sessions on NASDAQ […]
Read moreJuly 2, 2018 10:14 am
Two separate incidents of fiber cuts at Comcast Corporations (CMCSA) network providers CenturyLink Inc and Zayo Group Holdings Inc were reported to have caused services interruptions last week. However, the media giant said that services to its business and residential Internet, video and voice clients were in a process of recovery. Comcast shares closed higher […]
Read moreJuly 2, 2018 8:23 am
A lawsuit has been filed last Thursday in San Francisco federal court by Texas-based J Edwards Jewelry Distributing against Wells Fargo & Company (WFC), which alleged the bank had encouraged thousands of retailers across the United States to charge “hidden fees” to their clients through financing programs offered by Wells Fargo. The lawsuit cited violations […]
Read moreJune 29, 2018 10:10 am
Starbucks Corporation (SBUX) said on Thursday that its current Executive Vice President and Chief Financial Officer, Scott Maw, would retire, effective November 30th. The company also said it had launched an external search for a new Chief Financial Officer. Starbucks shares closed lower for a fourth consecutive trading session on NASDAQ on Thursday. It has […]
Read moreJune 29, 2018 7:56 am
According to an announcement by Walmart Inc (WMT) earlier this week, the company is launching a 3D virtual shopping tour on its website, which will allow clients to browse and select a set of items for purchase, as the retailer has been seeking to improve customer experience. Walmart shares closed lower for the second time […]
Read moreJune 28, 2018 9:47 am
According to a preliminary report by the National Transportation Safety Board (NTSB) on Tuesday, the Tesla Model S vehicle, which crashed in Florida on May 8th and led to the death of two teenagers, reignited twice after a fire eruption in the car was extinguished. Tesla shares closed higher for a second consecutive trading session […]
Read moreJune 28, 2018 6:46 am
Shares of AT&T Inc (T) were gaining over 1% at one point during yesterdays trading session, after Morgan Stanley resumed coverage of the companys stock with an “Overweight” rating, while analyst Simon Flannery noted that uncertainty about potential development of the companys various initiatives had already been priced in. AT&T shares closed higher for the […]
Read moreJune 27, 2018 12:08 pm
The latest research note by Morgan Stanley analyst Katy Huberty revealed an anticipated pricing for the three new iPhones that are scheduled to be released by Apple Inc (AAPL) later during the summer. Apple shares closed higher for the fourth time in the past fourteen trading sessions on NASDAQ on Tuesday. It has also been […]
Read moreJune 27, 2018 10:07 am
According to an announcement by General Electric Company (GE) on Tuesday, it has agreed to spin off its health care division and also intends to sell its stake in oil-services firm Baker Hughes, which would allow it to concentrate on power plants, jet engines and renewable energy. General Electric shares closed higher for the second […]
Read moreJune 26, 2018 9:48 am
A $1.2 billion contract was awarded to Lockheed Martin Corporation (LMT) by the US government to manufacture 16 new F-16 Block 70 jets for the Royal Bahraini Air Force. The Kingdom of Bahrain becomes the first Lockheed client to order the F-16 Block 70. Lockheed Martin shares closed lower for a third consecutive trading session […]
Read more