May 29, 2018 7:53 am
Coca-Cola Company (KO) said it had launched “Lemon-Do”, or its first ever alcoholic drink. It is to be offered in Japan in three variations, which contain 3%, 5% and 7% alcohol respectively. Coca-Cola shares closed higher for the fourth time in the past eleven trading sessions in New York on Friday. The stock edged up […]
Read moreMay 28, 2018 9:43 am
PepsiCo Inc said on Friday it had agreed to acquire US maker of baked fruit and vegetable snacks, Bare Foods Co, in an attempt to expand its snacking portfolio and offer more positive nutrition options to its clients. PepsiCo shares closed higher for the sixth time in the past eight trading sessions on Friday. The […]
Read moreMay 28, 2018 8:00 am
Last week Tesla Inc said it had agreed to settle a class action lawsuit with owners of Model X and Model S vehicles, who claimed Tesla’s Autopilot system was ”essentially unusable and demonstrably dangerous”. However, financial details of the agreement remained undisclosed. Tesla shares closed higher for the fourth time in the past twelve trading […]
Read moreMay 25, 2018 9:21 am
Morgan Stanley was reported to have raised its price target on Apple Inc (AAPL) to $214 from $200 previously, citing services potential. The firm also maintained an “Overweight” rating on the tech companys stock. Apple shares closed lower for the fourth time in the past seven trading sessions on Thursday. The stock edged down 0.11% […]
Read moreMay 24, 2018 9:06 am
International Business Machines (IBM) will add about 1 400 new jobs in France during the upcoming two years, the tech giant announced on Wednesday. The new hirings are to encompass fields such as cloud computing, blockchain as well as internet of things. IBM shares closed lower for a second consecutive trading session on Wednesday. The […]
Read moreMay 23, 2018 9:49 am
Elon Musk, Tesla Incs CEO, was reported to have confirmed earlier this week there was a braking problem with the companys Model 3. According to Musk, in order to fix the issue, Tesla is to release a firmware update in a couple of days. Tesla shares closed lower for the seventh time in the past […]
Read moreMay 23, 2018 7:10 am
According to a report by the Wall Street Journal earlier this week, some Boeing employees at the companys facility in South Carolina are to vote on union representation later in May. Boeing shares closed lower for the first time in the past four trading sessions on Tuesday. It has also been the steepest daily loss […]
Read moreMay 22, 2018 10:00 am
According to a statement by Blackstone Group LP on Monday, it intends to acquire LaSalle Hotel Properties in a deal estimated at $3.7 billion. The offer by the private equity firm exceeded a rival bid made last month by Pebblebrook Hotel Trust, as the latter had proposed to pay as much as $3.5 billion. Blackstone […]
Read moreMay 22, 2018 6:45 am
On Monday General Electric Company (GE) was reported to have confirmed the merger between its transportation unit and US rail industry equipment maker Wabtec Corp in a deal estimated at approximately $11.1 billion. The transaction is to be settled in early 2019, the companies said. General Electric shares closed higher for the second time in […]
Read moreMay 21, 2018 9:34 am
According to a report by the New York Times on Friday, citing sources with knowledge of the situation, after heading Goldman Sachs Group Inc for almost 12 years, Chief Executive Officer Lloyd Blankfein is likely to retire by December. Goldman Sachs shares closed lower for a fourth consecutive trading session on Friday. The stock went […]
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