August 3, 2017 8:02 am
According to an August 2nd statement by the US Consumer Financial Protection Bureau, a fine of $4.6 million has been imposed on JP Morgan Chase & Co (JPM) over allegations the bank did not ensure that accurate information had been reflected in checking account screening reports. The screenings are conducted by companies such as ChexSystems […]
Read moreAugust 3, 2017 6:56 am
Shares of AMC Entertainment Holdings Inc (AMC) plummeted sharply on Wednesday after the media company said it expected a considerable loss during the second quarter. At the same time, cost reduction and revenue-improving efforts are to be initiated. AMC also noted that challenges might continue into the third quarter. Shares of AMC Entertainment Holdings closed […]
Read moreAugust 2, 2017 10:35 am
Two Windows Mixed Reality headsets have reportedly been released by Microsoft Corporation (MSFT) to the general public. The headset manufactured by Acer is priced at $299, while the one by HP – at $329. Microsoft shares closed lower for a fifth consecutive trading session on Tuesday. The stock edged down 0.17% ($0.12) to $72.58, with […]
Read moreAugust 2, 2017 7:43 am
According to Marty Chavez, Goldman Sachs Chief Financial Officer, market conditions for fixed income trading have not become much better since the second quarter. Low volatility, the major reason for the groups 40% slump in bond trading revenue in Q2, had continued into the current quarter, he noted. GS fell behind rivals such as JP […]
Read moreAugust 1, 2017 9:28 am
According to a July 28th statement by AT&T Inc (T), its media and wireless businesses are to be headed by three executives, after the $85.4-billion acquisition of Time Warner Inc is finalized. Expected to be closed by the end of 2017, the deal would grant AT&T Inc control of HBO and CNN cable TV channels, […]
Read moreAugust 1, 2017 8:19 am
Facebook Incs (FB) stock has been downgraded by Pivotal Research from “Hold” to “Sell”. According to the research firm, the social media giant may be facing risk of digital advertising saturation, as large international companies are “scrutinizing” their marketing initiatives. Facebook shares closed lower for the first time in the past four trading sessions on […]
Read moreAugust 1, 2017 7:02 am
Amazon.com Inc (AMZN) is reportedly being under federal investigation over a possible violation of US sanctions against Iran. The company confirmed that consumer goods had been sold to at least one individual included in the US governments list of people and organizations with ties to terrorist groups. Amazon shares closed lower for a third consecutive […]
Read moreJuly 31, 2017 9:31 am
According to filings in the US District Court in Manhattan from July 28th, Morgan Stanley, Royal Bank of Canada and three other financial institutions have agreed to pay a combined $111.2 million in relation to the settlement of a lawsuit, which accused them of rate manipulation in the Foreign Exchange Market. 14 out of 16 […]
Read moreJuly 31, 2017 7:27 am
According to a July 28th statement by Wells Fargo & Company (WFC), 69 executive jobs are to be cut at the banks retail unit due to restructuring efforts. Wells Fargo shares closed lower for a third consecutive trading session on Friday. It has also been the steepest daily loss since April 13th. The stock went […]
Read moreJuly 28, 2017 10:11 am
Facebook Incs positive second-quarter results sent the companys shares to a new all-time high during yesterdays trade, which added over $27 billion to its market capitalization. Facebook shares closed higher for a second consecutive trading session on Thursday. It has also been the steepest daily surge since November 21st 2016. The stock went up 2.92% […]
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