October 2, 2017 8:03 am
According to proxy adviser Institutional Shareholder Services, Procter & Gamble shareholders should vote in favor of activist investor Nelson Peltz joining the companys board. Procter & Gambles annual shareholder meeting is scheduled on October 10th. Procter & Gamble shares closed higher for a second consecutive trading session on Friday. The stock edged up 0.10% ($0.09) […]
Read moreSeptember 29, 2017 11:13 am
According to a notice by the US Securities and Exchange Commission filed on September 27th, Wells Fargo & Company (WFC) has obtained initial approval related to the creation of exchange traded index funds. Unless a hearing is ordered, the approval will go into effect. Wells Fargo shares closed higher for a second consecutive trading session […]
Read moreSeptember 29, 2017 7:26 am
Deutsche Bank was reported to have revised up its price target for Facebook Inc (FB) to $220 from $215 previously due to positive ad checks. The bank also kept its “Buy” rating for the stock. Facebook shares closed higher for a third consecutive trading session on Thursday. The stock went up 0.63% ($1.05) to $168.73, […]
Read moreSeptember 28, 2017 8:57 am
Ford Motor Company (F) was reported to have formed a partnership with Lyft in an attempt to increase the number of its self-driving vehicles in the US. Ford shares closed higher for the fourth time in the past six trading sessions on Wednesday. The stock edged up 0.17% ($0.02) to $11.95, with the intraday high […]
Read moreSeptember 28, 2017 7:21 am
Buying back its shares will continue to be Bank of Americas preferred practice compared to increasing dividend, according to the groups Chief Executive Officer Brian Moynihan. This way, in his view, the bank may not end up being in a position where it will need to slash dividends in the future. Bank of America shares […]
Read moreSeptember 27, 2017 8:59 am
According to an internal memo by Boeing Company (BA), a program office has been opened for a potential “new mid-market airplane”, with Mark Jenks being expected to run the project. Jenks is currently the person in charge of Boeings 787 Dreamliner program and after he assumes the new role, that program will be headed by […]
Read moreSeptember 27, 2017 6:54 am
According to a September 26th statement by Kohl’s Corporation (KSS), Kevin Mansell, the companys Chief Executive, is to retire in May 2018 at the close of Kohl’s annual shareholders meeting. Kohl’s shares closed higher for a third consecutive trading session on Tuesday. The stock edged up 0.13% ($0.06) to $46.27, after touching an intraday high […]
Read moreSeptember 26, 2017 9:26 am
Morgan Stanley (MS) was reported to have been ordered by the Financial Industry Regulatory Authority (FINRA) to pay $13 million in fines and restitution to customers in relation with inadequate supervision over some short-term trades. The fines imposed are estimated at $3.25 million, while an additional $9.78 million are to be paid to customers as […]
Read moreSeptember 26, 2017 7:22 am
According to Ming-Chi Kuo, an analyst at KGI Securities, iPhone X pre-orders could exceed 50 million units, as the model represents the first complete form factor revamp since 2016. Apple shares closed lower for a fourth consecutive trading session on Monday. The stock went down 0.88% ($1.34) to $150.55, after touching an intraday low at […]
Read moreSeptember 25, 2017 9:56 am
According to a September 22nd statement by Mateusz Morawiecki, Polands Deputy Prime Minister, JP Morgan Chase & Co (JPM) has chosen to locate a new global operations center in Warsaw, which is expected to employ a few thousand people during the upcoming several years. JP Morgan Chase shares closed lower for the first time in […]
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