July 24, 2017 9:19 am
According to a statement by the US Department of Labor, on July 21st Wells Fargo & Company (WFC) was ordered to pay $575 000 and to reinstate an employee who had been dismissed in September 2011, after raising suspicions that bank accounts have been opened without customer authorization. The name of the whistle blower remained […]
Read moreJuly 24, 2017 7:08 am
According to a July 23rd report by the Israeli Calcalist business newspaper, Blackstone Group LP (BX) is currently at an advanced stage of negotiations for the acquisition of a 40% stake of NSO Group, an Israeli cyber company. The potential acquisition is valued at $400 million. ClearSky would be a secondary buyer in the deal […]
Read moreJuly 21, 2017 9:59 am
According to a July 20th statement by the US Treasury Department, a $2-million fine has been imposed on Exxon Mobil Corporation (XOM) in regard to violations of Russia sanctions back in May 2014. Exxon Mobil shares closed higher for a second consecutive trading session on Thursday. The stock inched up 0.01% ($0.01) to $80.86, after […]
Read moreJuly 21, 2017 8:08 am
According to a July 20th statement by Prudential Financial Inc (PRU), it intends to introduce changes to its businesses in the United States. Five units are to be placed into three business groups, with each group serving particular client needs. The changes are expected to come into force during the last quarter of 2017. Prudential […]
Read moreJuly 20, 2017 9:33 am
According to a report by TheStreet, Facebook Inc (FB) intends to test a subscription and metered paywall service on its platform in October. The companys plans were revealed during an industry conference on July 18th by Campbell Brown, Fecebooks head of news partnerships. Facebook shares closed higher for a second consecutive trading session on Wednesday. […]
Read moreJuly 20, 2017 8:13 am
Shares of United Continental Holdings Inc (UAL) plummeted almost 6% on July 19th, a day after the carrier projected that its third-quarter passenger unit revenue would be “disappointing”. United Air shares closed lower for a fifth consecutive trading session on Wednesday. It has also been the sharpest daily loss since August 2nd 2016. The stock […]
Read moreJuly 19, 2017 12:12 pm
Johnson & Johnsons (JNJ) second-quarter earnings exceeded market expectations, supported by strong demand for the newer additions to the companys product range, such as the Darzalex cancer drug. J&J also revised up its full-year earnings forecast. Johnson & Johnson shares closed higher for a third time in the past seven trading sessions on Tuesday. It […]
Read moreJuly 19, 2017 7:29 am
Lockheed Martin Corporations (LMT) quarterly earnings exceeded market expectations, supported by higher sales of the companys F-35 fighter aircraft. In addition, Lockheed revised up its full-year earnings forecast. Lockheed Martin shares closed lower for the first time in the past four trading sessions on Tuesday. It has also been the biggest daily retreat since June […]
Read moreJuly 18, 2017 11:32 am
Barclays has reportedly revised down its price target for IBM to $132 from $141, while maintaining an Underweight rating on the stock. According to analyst Mark Moskowitz, the tech firm should lower its full-year earnings guidance to under $13 per share. IBM shares closed lower for a third time in the past seven trading sessions […]
Read moreJuly 18, 2017 7:26 am
According to a report by Economic Daily News, production of all models of Apple Incs (AAPL) upcoming iPhones will probably be delayed. Mass production of the lower end iPhone 7 and iPhone 7s is to start in August, which would be a one-month delay from the companys normal schedule. Apple shares closed higher for a […]
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