December 8, 2017 9:00 am
Ford Motor Company (F) is expected to initiate tests of its latest self-driving vehicle technology in 2018 in at least one city. On the other hand, Fords plan to initiate commercial production until 2021 has not been changed, the auto maker said in a statement on Thursday. Ford shares closed higher for the third time […]
Read moreDecember 7, 2017 10:52 am
General Electric Company (GE) was reported to be considering a cut in its workforce across Europe. According to French newspaper Les Echos, 4 500 jobs are to be cut in Switzerland, Germany and the UK. The cuts are associated with businesses, which General Electric acquired from France’s Alstom two years ago. General Electric shares closed […]
Read moreDecember 7, 2017 8:35 am
Yesterday Home Depot Inc (HD) disclosed a $15-billion share buyback program and $120 billion in targeted annual sales over the next three years, as the US largest home improvement chain seeks to speed up investment in stores, deliveries and employees. The new program is to replace a prior authorization of $15 billion, which Home Depot […]
Read moreDecember 6, 2017 11:04 am
According to a statement by Goldman Sachs Group Inc (GS) on Tuesday, the bank intends to hire 250 employees in Poland next year. The new hirings will encompass primarily back office roles such as treasury, human resources, risk management, operations and technology, which the bank does not consider necessary to locate in more expensive centres […]
Read moreDecember 6, 2017 8:41 am
During an event in Shanghai yesterday, Ford Motor Company (F) announced plans to introduce 50 new vehicles in China by the year 2025, 15 of which are expected to be electrified vehicles. The news came at a time, when the US auto maker is seeking to accelerate its sales growth in the largest auto market […]
Read moreDecember 5, 2017 10:32 am
Nike Inc (NKE) said on Monday that it would open a new 69 000 square feet flagship store at 650 Fifth Avenue in New York in early 2019. Nike shares closed higher for the fifth time in the past seven trading sessions on Monday. The stock edged up 0.37% ($0.22) to $60.10, with the intraday […]
Read moreDecember 5, 2017 8:27 am
According to a statement by Irelands finance minister on Monday, Apple Inc (AAPL) is expected to begin payment of EUR 13 billion in back taxes into an escrow account during the first quarter of 2018. The record amount resulted from unfair tax incentives, which the tech giant had received from Ireland, the European Commission said. […]
Read moreDecember 4, 2017 10:46 am
Following the strong start of the holiday shopping season, Macy’s Inc (M) on Friday announced plans to hire additional 7 000 temporary workers at its traditional stores in order to service heavy client traffic. Macy’s shares closed higher for the sixth time in the past seven trading sessions on Friday. The stock went up 1.64% […]
Read moreDecember 4, 2017 8:43 am
According to a statement by General Electric Company (GE) on Friday, it was dismissing workers at its power division in Schenectady, NY, in an attempt to cut costs, as net income in that business sharply decreased. General Electric shares closed lower for a second consecutive trading session on Friday. It has also been the steepest […]
Read moreDecember 1, 2017 11:06 am
According to a source with knowledge of the situation, CVS Health Corp (CVS) is approaching a deal to acquire Aetna Inc for more than $66 billion. The cash and stock deal could be announced during the upcoming week. CVS shares closed higher for a third consecutive trading session on Thursday. It has also been the […]
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