June 19, 2018 7:33 am
According to a report by Reuters, citing a spokesman for the French government, General Electric Company (GE) should face fines in case it fails to add as many job positions at Alstom as agreed in a deal it struck three years ago. General Electric shares closed lower for a fourth consecutive trading session in New […]
Read moreJune 18, 2018 9:54 am
Citigroup Inc (C) said it had agreed to pay as much as $100 million in order to settle a US litigation related with fraudulent activities involving the London Interbank Offered Rate (LIBOR). Citigroup shares closed higher for the first time in the past five trading sessions on Friday. The stock edged up 0.27% ($0.18) to […]
Read moreJune 18, 2018 7:25 am
Ford Motor Companys (F) vehicle sales in China continued to shrink in May, despite the auto makers decision to appoint a new sales chief and to prepare the launch of new vehicle models. Ford shares closed lower for a third consecutive trading session in New York on Friday. The stock inched down 0.08% ($0.01) to […]
Read moreJune 15, 2018 10:15 am
Frances Minister of Finance Bruno Le Maire said on Thursday that General Electric Company (GE) should stick to job commitments at Alstom, after the companys CEO John Flannery informed Le Maire that GEs objective was now “out of reach”. General Electric shares closed lower for a second consecutive trading session in New York on Thursday. […]
Read moreJune 15, 2018 7:39 am
Shares of Kohl’s Corporation (KSS) retreated more than 3% during yesterdays trading session after Citigroup downgraded the stock to “Neutral” from “Buy” with a price target of $75 due to concerns over insufficiently strong traffic. Kohl’s shares closed lower for a second consecutive trading session in New York on Thursday. The stock went down 3.22% […]
Read moreJune 14, 2018 9:35 am
Shares of Netflix Inc (NFLX) rose the most in two months during yesterdays trading session after Goldman Sachs raised its price target on the stock to $490 from $390 previously. According to FactSet data, Goldman has now set the highest price target out of the 36 analysts who provide forecasts on Netflix. Netflix shares closed […]
Read moreJune 14, 2018 7:18 am
According to a statement by General Motors Company (GM) on Wednesday, Dhivya Suryadevara has been appointed as Chief Financial Officer, effective on September 1st. Current CFO Chuck Stevens is to stay with the company as an adviser until he retires in March next year after a 40-year career. General Motors shares closed higher for the […]
Read moreJune 13, 2018 10:21 am
Bank of America Corp (BAC) said on Tuesday that more than 1 million clients were now using Erica, the first widely available AI-driven virtual assistant in financial services, which they can access through the banks mobile banking app. Bank of America shares closed lower for the third time in the past eight trading sessions in […]
Read moreJune 13, 2018 7:22 am
According to a statement on McDonald’s Corps investor relations page on Monday, the company expects to take charges estimated at $80-$90 million during the second quarter as a result of its restructuring program in the United States that also involves layoffs. However, it did not disclose how many employees would be affected by layoffs. McDonald’s […]
Read moreJune 12, 2018 9:53 am
Starbucks Corporation (SBUX) said on Monday that it had launched the Starbucks Rewards Visa Prepaid Card, or the first debit card allowing clients to earn Stars outside of the coffee chain. Starbucks shares closed lower for a third consecutive trading session on Monday. The stock edged down 0.21% ($0.12) to $56.48, after touching an intraday […]
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