November 9, 2017 8:49 am
The largest turboprop plane manufacturer globally, ATR, said on Wednesday that FedEx Express had ordered up to 50 72-600F freighter planes. The deliveries are expected to begin in 2020. FedEx shares closed lower for the seventh time in the past eight trading sessions on Wednesday. The stock edged down 0.30% ($0.66) to $220.50, after touching […]
Read moreNovember 8, 2017 10:38 am
According to a statement by Tesla Inc (TSLA) on Tuesday, an agreement has been reached over the acquisition of Perbix Machine Co Inc, a privately held automation equipment manufacturer, which has also been a supplier for Tesla over the past three years. However, financial details of the deal remained undisclosed. Tesla shares closed higher for […]
Read moreNovember 8, 2017 8:39 am
According to a press release by Ford Motor Company (F), total vehicle sales in China shrank 5% last month to 105 809 units from a year ago. Customer demand remained strong for models such as Mondeo and Kuga during the period, as both nameplates registered double-digit growth compared to October 2016. Ford shares closed lower […]
Read moreNovember 7, 2017 10:48 am
According to a report by Reuters on Monday, a partnership has been formed between rivals Advanced Micro Devices and Intel, aimed to help both companies to compete with Nvidia Corp. Shares of Advanced Micro Devices Inc closed higher for a third consecutive trading session on Monday. It has been the steepest daily surge since July […]
Read moreNovember 7, 2017 8:35 am
According to people with knowledge of the matter, who wished to remain anonymous, Goldman Sachs is to launch a $5-billion fund in a partnership with sovereign fund China Investment Corp. The new fund is to invest in companies that operate within the US manufacturing industry. The precise amount, which each side will contribute to the […]
Read moreNovember 6, 2017 11:19 am
According to a filing by Wells Fargo & Company (WFC) with the US Securities and Exchange Commission on Friday, the group is faced with litigation related to sales issues with its auto and mortgage lending. Wells Fargo’s shares closed lower for the second time in the past seven trading sessions on Friday. The stock edged […]
Read moreNovember 6, 2017 9:42 am
An increasing number of analysts project a valuation of $1 trillion for Apple Inc (AAPL), after fourth-quarter sales outstripped market expectations and eased concerns surrounding the companys iPhone X. Apples first-quarter revenue forecast also exceeded a consensus of analyst estimates. Apple shares closed higher for a second consecutive trading session on Friday. It has also […]
Read moreNovember 6, 2017 8:24 am
According to a report by Reuters, citing a senior banker, six new recruits have been added to JP Morgans Greater China equities research team during 2017. The group was also reported to be planning a further expansion into this field next year. JP Morgan Chase shares closed lower for the third time in the past […]
Read moreNovember 3, 2017 12:31 pm
Qualcomm was reported to have filed a lawsuit against Apple in the California state court in San Diego on November 1st. According to allegations, Apple Inc violated a software license contract by providing benefits to Qualcomms rival, Intel, related to broadband modem production. Broadband modem chips, manufactured by Intel, have already been introduced in Apples […]
Read moreNovember 3, 2017 9:36 am
Ralph Laurens second-quarter revenue, reported on Thursday, slightly exceeded the median analyst estimate, as support was drawn by higher sales of full-price apparel as well as stronger demand for the brand in the United Kingdom. Ralph Lauren shares closed higher for a second consecutive trading session on Thursday. It has also been the steepest daily […]
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