June 26, 2017 9:39 am
Anthem Inc (ANTM) has agreed to pay $115 million in order to settle US lawsuits in relation with the 2015 data breach, an event which put at risk the personal information of almost 79 million people. According to lawyers, this would be the largest amount ever paid for a data breach settlement. Among the victims […]
Read moreJune 26, 2017 8:29 am
According to a June 23rd court filing, General Motors Company (GM) has agreed to settle lawsuits by 203 plaintiffs in relation with problematic ignition switches in some of the companys models. Due to such an issue, vehicles engines could stall, while airbags may not be deployed in case of a collision. General Motors shares closed […]
Read moreJune 23, 2017 10:23 am
According to a June 23rd statement by Ford Motor Company (F), 15 600 Ikon and Figo models are to be recalled in South Africa, because of a potential risk of fire eruption. The models affected were manufactured in India within the period 2004-2012. Ford shares closed higher for a second time in the past five […]
Read moreJune 23, 2017 7:50 am
Tesla Inc (TSLA) was reportedly moving closer to opening a facility for electric vehicle manufacturing in China, as on June 22nd the company said it was in exploratory talks with the municipal government of Shanghai. However, no specific time line for the construction project has been disclosed. By producing electric vehicles on Chinese soil, Tesla […]
Read moreJune 22, 2017 10:39 am
According to Goldman Sachs, Nike Inc (NKE) could soon sell directly on Amazon.com Inc. A potential partnership may heighten competition for traditional sporting goods retailers such as Finish Line Inc, Dicks Sporting Goods Inc, Hibbett Sports Inc and Foot Locker Inc. Nike shares registered their largest daily surge since March 23rd during the trading session […]
Read moreJune 22, 2017 7:43 am
Amazon.com Inc (AMZN) was reported to be planning the establishment of an Amazon Web Services Region in Hong Kong in 2018. It would be the 8th AWS Region in the Asia Pacific area. At present, the AWS infrastructure includes 16 Regions worldwide. Amazon shares closed higher for a third time in the past six trading […]
Read moreJune 21, 2017 11:23 am
According to IBMs The Weather Company, Elite Airways is to continue using its WSI Fusion global tracking and dispatch services. Meanwhile, an aviation product suite, which consists of four products combining proprietary weather-tracking solutions, is to be added as well. IBM shares closed higher for a sixth time in the past nine trading sessions on […]
Read moreJune 21, 2017 7:29 am
Adobe Systems Incorporateds (ADBE) second-quarter net income and current-quarter forecast outstripped market expectations as a result of the software producers swift push to the cloud. Creative Cloud, the flagship product of Adobes digital media business, encompasses the Photoshop photo-editing software as well as the Flash web video building application. Adobe shares closed higher for a […]
Read moreJune 20, 2017 9:44 am
According to a statement by a company representative, General Electric (GE) is not willing to share turbine production for Boeings 797 middle market aircraft with major competitors such as Rolls Royce and Pratt & Whitney. The 797 jet is expected to be put into service in 2025. General Electric shares closed lower for the first […]
Read moreJune 20, 2017 7:57 am
A report by Strategy Analytics showed that sales of Wi-Fi-based wireless speakers had grown 62% in 2016, while Amazon.com Inc (AMZN) had contributed to 77% of total shipments. Amazon shares closed higher for a second consecutive trading session on Monday. The stock went up 0.76% ($7.46) to $995.17, after touching an intraday high of $1,003.66, […]
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