October 13, 2017 7:38 am
According to a report by the Wall Street Journal, citing people with knowledge of the situation, production at General Motors’ assembly plant in Detroit is to be scaled back, while approximately 1 500 workers – laid off. However, the auto maker refused to comment on the matter. General Motors shares closed lower for a second […]
Read moreOctober 12, 2017 10:29 am
According to a statement by Kroger Company (KR) on Wednesday, it is exploring the opportunity to sell convenience stores in an attempt to renovate its business amid fierce competition among brick-and-mortar and on-line food retailers. The shares of Kroger Company closed higher for a second consecutive trading session on Wednesday. It has also been the […]
Read moreOctober 12, 2017 7:55 am
Delta Air Lines Inc (DAL), the second largest carrier in the United States by passenger traffic, reported better-than-anticipated quarterly earnings yesterday, despite the negative impact from severe weather. There had been concerns among investors that the hurricane season, which included three back-to-back storms, would have had a stronger influence on profitability. Delta Air shares closed […]
Read moreOctober 11, 2017 9:55 am
On Tuesday Wal-Mart Stores Inc (WMT) said it intended to launch a new two-year $20-billion share buyback plan. The latter will replace a $20-billion repurchase, which was approved in October 2015. The company also projected a 40% surge in its on-line sales in the United States during the fiscal year ending in January 2019. Wal-Mart […]
Read moreOctober 11, 2017 7:42 am
A license-plate-sized hardware was reportedly revealed by NVIDIA Corporation (NVDA), which according to the company, is capable of matching 100 servers in a data center. The hardware is to be used for the enhancement of autonomous taxis. NVIDIA shares closed higher for a third consecutive trading session on Tuesday. The stock went up 1.91% ($3.54) […]
Read moreOctober 10, 2017 9:31 am
According to a Monday statement by General Motors Company (GM), it intends to acquire Strobe Inc in an attempt to facilitate its further expansion into the self-driving vehicle market. Strobe utilizes LIDAR, a major sensor technology that makes it possible for self-driving vehicles to identify objects at a distance. General Motors shares closed higher for […]
Read moreOctober 10, 2017 7:46 am
Shares of Tesla Inc (TSLA) marked their sharpest daily loss in two weeks yesterday, as concerns arose over the companys ability to meet production targets on its Model 3, following the missed third-quarter objectives. Tesla shares closed lower for the first time in the past seven trading sessions on Monday. It has also been the […]
Read moreOctober 9, 2017 10:43 am
According to the latest announcement by Apple Inc, Bruce Sewell will step down as the companys general counsel and will be succeeded by Katherine Adams, the former executive of Honeywell International Inc. She will also assume the post of senior vice president of legal and global security and will report to CEO Tim Cook. Apple […]
Read moreOctober 9, 2017 8:16 am
According to an accidental Microsoft Store listing, cited by Seeking Alpha, a smart speaker featuring Microsofts Cortana voice assistant could be released in stores soon. Manufactured by Harman Kardon, the speaker was announced earlier in 2017, with only a limited set of details being provided. Microsoft shares closed higher for a third consecutive trading session […]
Read moreOctober 9, 2017 6:41 am
According to a Friday report by the Chinese state media Xinhua, a planned recall of Fords Fiesta ST vehicles in the Asian country has been postponed because of spare part delivery delays. Ford shares closed higher for the sixth time in the past eight trading sessions on Friday. The stock went up 0.49% ($0.06) to […]
Read more