July 2, 2017 4:05 pm
According to a June 30th report by the Wall Street Journal, the asset management unit of Goldman Sachs Group Inc (GS) has sold Venezuelan bonds worth at least $300 million, which it purchased in May. The WSJ cited sources with knowledge of the matter. However, Goldman Sachs refused to comment on the deal. Goldman Sachs […]
Read moreJuly 2, 2017 8:31 am
Jonathan Hobbs has reportedly been appointed as head of Wells Fargo Asset Managements US portfolio solutions, while Kevin Kneafsey has been appointed as senior investment strategist with the group. Wells Fargo Asset Management is a unit of Wells Fargo Wealth and Investment Management. Wells Fargo shares closed lower for the first time in the past […]
Read moreJune 30, 2017 9:50 am
On June 29th MetLife Inc (MET) said that its board of directors has approved the spin-off of the companys retail life insurance and annuity business in the United States. July 19th has been set as the effective date for the spin-off, while Brighthouse Financial Incs shares are to be distributed on August 4th. MetLife shares […]
Read moreJune 30, 2017 8:00 am
According to a June 29th statement by Nike Inc (NKE), it intends to initiate a pilot program with Amazon in order to sell a limited set of products on the latters website rather than using third-party and unlicensed dealers. At the same time, the footwear makers latest-quarter results exceeded market expectations. Nike shares closed lower […]
Read moreJune 29, 2017 10:43 am
According to a statement by Southwest Airlines Company (LUV), the number of its flights to Cuba is to be reduced due to the imposed traveling restrictions by the Trump administration for US residents. Shares of Southwest Airlines closed higher for the first time in the past three trading sessions on Wednesday. It has also been […]
Read moreJune 29, 2017 8:08 am
According to a statement by Citigroup Inc (C), it intends to re-purchase common stock worth $15.6 billion during the upcoming 12 months. Additionally, the fourth-largest bank in the United States by assets plans to double its quarterly dividend to $0.32 per share, with total payout on capital reaching $18.9 billion. Citigroup shares closed higher for […]
Read moreJune 28, 2017 9:13 am
According to a statement by United Parcel Service Inc (UPS), the company intends to increase the number of vehicles which utilize non-conventional power by the year 2025 in an attempt to reduce its greenhouse emissions. These vehicles may include electric, hybrid electric, hydraulic hybrid, as well as ones running on propane, compressed natural gas and […]
Read moreJune 28, 2017 7:22 am
Amazon.com Inc (AMZN) has reportedly added several smart phone models to its discount list. The Prime Exclusive Phones will visualize the companys advertisements on their lock screens, while users will not have the option to remove them in exchange of a small fee. Amazon shares closed lower for a second consecutive trading session on Tuesday. […]
Read moreJune 27, 2017 9:09 am
Barclays analyst Scott Davis has made General Electrics stock his new Top Pick, as he considers the companys earnings forecasts as too low, Seeking Alpha reported on Monday. General Electric shares closed higher for a second consecutive trading session on Monday. The stock edged up 0.15% ($0.04) to $27.61, with the intraday high and the […]
Read moreJune 27, 2017 7:59 am
According to a June 26th statement by Chuck Stevens, General Motors Chief Financial Officer, the auto maker now projects that sales of new vehicles in the United States will be in the “low 17 million” unit range this year. General Motors shares closed higher for a third consecutive trading session on Monday. It has also […]
Read more